January 1, 2019

Credit Card

What is Credit Card?

Credit card is a plastic chip card offered by Banks or financial institutions with a pre-approved limit of funds/money that can be borrowed by a credit card holder. Black strip on a credit card holds various encrypted information’s of the user and it works on swapping machine or ATM for making real time transactions. Credit cards usually have 14 to 16 digits number on the front side and 3 digit CVV number on the back side, except, Amex credit card. Amex has 4 digits secrete number on the front side of a credit card.

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Credit Card Limit

Credit card limit depends on income, credit history also known as Credit Score, place of work & etc. Credit cards can be used for online or offline transactions as well one can withdraw a pre-approved amount of cash from ATM.

Credit Card Payment

Payment of credit card bill typically needs to be done within the grace period. During the grace period interest will be Zero. It is advised to clear the dues on or before the payment day. There are some banks that offer payment revolving options, where it allows unpaid amount to be carried forward with interest charges applied for the next month bill. Everyone should avoid payment delay because late fees and interest rates in Credit cards are very high.

Best Credit Cards with Joining & Annual Fees in India 2019

SL No Credit Cards Card Type Annual Fee Joining Fee
1 Indusind Bank Platinum Aura Credit Card Rewards Rs. 0 Rs. 0
2 ICICI Bank HPCL Credit Card Cashback Rs. 0 Rs. 0
3 ICICI Bank Coral Credit Card Lifestyle Rs. 500 Rs. 0
4 RBL Titanium Delight Credit Card Entertainment Rs. 0 Rs. 0
5 RBL SHOPRITE Credit Card Shopping Rs. 0 Rs. 500
6 SimplyCLICK SBI Credit Card Shopping Rs. 500 Rs. 500
7 SimplySAVE SBI Credit Card Shopping Rs. 500 Rs. 500
8 Yatra SBI Credit Card Travel Rs. 0 Rs. 0
9 Yes Prosperity Rewards Plus Credit Card Rewards Rs. 0 Rs. 0
10 Yes Prosperity Business Credit Card Rewards Rs. 0 Rs. 0
11 STYLEUP Contactless Credit Card Shopping Rs. 500 Rs. 500
12 IRCTC SBI Platinum Credit Card Travel Rs. 300 Rs. 500
13 RBL Movies And More Credit Card Entertainment Rs. 1000 Rs. 1000
14 RBL Platinum Delight Credit Card Rewards Rs. 1000 Rs. 1000
15 RBL Bank Platinum Maxima Credit Card Rewards Rs. 2000 Rs. 2000
16 Yes First Preferred Credit Card Travel Rs. 0 Rs. 0
17 Yes First Business Credit Card Travel Rs. 0 Rs. 0
18 Yes Prosperity Edge Credit Card Rewards Rs. 0 Rs. 0
19 SBI Elite Credit Card Lifestyle Rs. 5000 Rs. 5000
20 Air India SBI Platinum Credit Card Travel Rs. 1500 Rs. 1500
21 Air India SBI Signature Credit Card Travel Rs. 5000 Rs. 5000
22 HDFC Diners Club Platinum Credit Card Travel Rs. 0 Rs. 0
23 HDFC Diners Club Rewards Credit Card Travel Rs. 1000 Rs. 1000
24 HDFC Moneyback Credit Card Cashback Rs. 500 Rs. 500
25 HDFC Solitare Credit Card Lifestyle Rs. 0 Rs. 0
26 HDFC VISA Regalia Credit Card Lifestyle Rs. 0 Rs. 0
27 Citi Rewards Credit Card Rewards Rs. 0 Rs. 0
28 Citi PremierMiles Credit Card Travel Rs. 0 Rs. 3000
29 Citi Cash Back Credit Card Cashback Rs. 0 Rs. 500
30 IndianOil Citi Credit Card Travel Rs. 0 Rs. 0
31 HDFC Snapdeal – Credit Card Shopping Rs. 500 Rs. 500
32 HDFC Jet Platinum – Credit Card Travel Rs. 1000 Rs. 1000
33 BPCL SBI Credit card Fuel Rs. 500 Rs. 500

Top 12 Types of Credit Cards

  1. Airline Credit Cards
  2. Business Credit Cards
  3. Cashback Credit Cards
  4. Co-branded Credit Cards
  5. Corporate Credit Cards
  6. Dining Credit Cards
  7. Entertainment Credit Cards
  8. Fuel Credit Cards
  9. Lifestyle Credit Cards
  10. Rewards Credit Cards
  11. Shopping Credit Cards
  12. Travel Credit Cards