How do I choose a credit card in India?

All the Latest Offers Available on the Credit Card. Purchasing Something Big and Expensive. Maximum Credit Limit Given by the Bank on the Credit Card. Payment option available to pay the bill of the card.

How do I choose the right credit card?

Here’s a checklist of some things to look at when you choose a credit card:

  1. Annual Percentage Rate (APR). This is the cost of borrowing on the card, if you don’t pay the whole balance off each month. …
  2. minimum repayment. …
  3. annual fee. …
  4. charges. …
  5. introductory interest rates. …
  6. loyalty points or rewards. …
  7. cash back.

How do I choose a credit card for the first time?

How to Get a Credit Card for the First Time

  1. See if you have a credit report and score. …
  2. Determine whether student credit cards are an option. …
  3. Compare secured and unsecured starter cards. …
  4. Limit your search to cards with the lowest fees. …
  5. Choose the best remaining offer for your needs. …
  6. Confirm you have enough income.
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What is the easiest credit card to get in India?

best instant approval credit cards in India

  1. HDFC Bank instant approval credit card. …
  2. Bajaj Finserv RBL Bank super card. …
  3. Kotak 811 #Dream Different credit card. …
  4. Standard Chartered virtual credit card. …
  5. SimplySAVE SBI credit card. …
  6. Axis Bank Insta Easy credit card.

What are the 4 types of credit cards?

There are four major credit card networks: Visa, Mastercard, American Express and Discover.

What documents do I need to apply for a credit card?

What you need to submit a credit card application

  1. Your full legal name. …
  2. Your SSN and/or ITIN. …
  3. Your mailing address. …
  4. Your gross annual income. …
  5. Your employment status. …
  6. Your housing costs. …
  7. Your phone number. …
  8. Determine your credit health.

How much is a credit card per month?

The average monthly credit card bill is a minimum payment of $110.50, based on the average American credit card balance of $5,525 and the average minimum payment percentage of 2%.

Is getting a credit card at 18 a good idea?

While you can sign up for your first credit card at 18, it’s best to wait until you have confidence in your ability to pay off your balances on time and in full, while also balancing other financial obligations like rent, utilities, tuition, transportation and groceries.

What is the most important factor when choosing a credit card?

If this is your first time applying for a credit card, and there is a chance you might carry a balance from month to month, then the interest rate is the most important factor to consider when choosing a credit card.

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Is it good to have SBI credit card?

I am using SBI credit card for more than three months, there are some reward points and offers in the card. I used this card for online shopping, fuel surcharge and groceries. The credit limit of the card is sufficient and I like the most about the card is that it is a life time free card and very good to use.

Which bank offers credit card easily?

Some of the most popular banks offering credit cards in India are HDFC, SBI Card, ICICI, Amex, Axis, Citibank, Standard Chartered Bank and Kotak Mahindra Bank.

How can I get my first credit card in India?

The bank would typically look for the following parameters:

  1. Indian National, with a valid residence proof.
  2. Credit score of at least 700, and a minimum six months of regular credit history.
  3. Minimum income of INR 20,000 per month.
  4. Minimum age of 21.
  5. Your current income and credit utilization behavior.

Is ATM card a credit card?

ATM cards are not credit cards or debit cards. ATM cards are payment card size and style plastic cards with a magnetic stripe and/or a plastic smart card with a chip that contains a unique card number and some security information such as an expiration date or CVVC (CVV).

What is Platinum SBI card?

SBI Platinum Card provides you with a free Easy Bill Pay facility to make sure that you pay all your utility bills before due date. This will also fetch you more cash points. In case of theft or loss, the card will be instantly replaced if you report it to the 24*7 helpline.

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What color is the highest credit card?

The highest credit card color is black, in large part because of the ultra-exclusive Centurion® Card from American Express, which is also known as the “Black Card” due to its color.