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Compare Best Credit Cards and Apply Online in India

  • November 15, 2021
  • 4 min read
Compare Best Credit Cards and Apply Online in India

When you decide to apply for a credit card, you can compare credit cards. India has a lot to offer in terms of different credit cards, suiting every spending pattern and need. This is the reason why this small plastic payment instrument has seen immense popularity in India. Also, it entails no-contact transactions. Furthermore, its tagline of ‘buy now and pay afterwards’ has seen many takers. If you have a credit card, you have a payment tool that is accepted at most retailers and assures you of cash anytime. 

Gateway to Wealth

Typically, credit cards offer a credit-free period during which you can buy anything you want without any charges. With a credit card, you actually take a loan from the card issuer and have to repay it later. Generally, the period of free credit lasts for a month or a bit more, depending on the card, after which a statement or bill is generated. When you compare credit cards to apply for and get credit card online approval, you should consider a few factors to make your final decision.

These days, you can get a credit card from banks and non-banking finance companies, and you can browse for the various types available online. All you have to do to select a card and apply for it is to visit the portal of a credit card issuer and find out if you are eligible. You can make your comparisons according to the type of credit card you want. 

For instance, if you know that you will be using your credit card for the purpose of shopping regularly, you may want one that is the right fit. Then, all you need to do is compare aspects of different shopping cards. Nonetheless, there are certain common aspects to compare, and these are in the form of general card facilities, charges etc. 

Fees for Joining 

Several credit cards, in order to woo customers, don’t charge any joining fees. There is a one-time processing fee that can range from approximately 250 INR to 3,000 INR, depending on card issuers. Cards like the Bajaj Finserv RBL Bank SuperCard have nominal joining fees. Some cards offer a nil joining fee, but may have high annual fees. Cards like the HSBC Visa Platinum Card and the IndianOil Citi Credit Card (a great fuel card) have zero joining fees.

Annual Fees 

While you compare credit cards, India has cards that may charge you a high annual fee. You can avoid the annual fee for the first year on some cards that give you this benefit as a welcome promotion. Cards like the FinBooster YES Bank-Bank Bazaar Card do not charge annual fees.

Interest Charges

When you get a credit card online, it’s a good idea to check the interest rates when you compare cards. Most cards charge interest rates ranging from 1.5%-2.99% on a monthly basis. This is charged on any and all products bought on EMIs and on balances that are carried forward when you pay only a part of your bill or don’t pay your bill in full.

Of course, some credit cards offer No Cost EMI options, which means you don’t have to pay interest, but this varies from product to product and card to card. If you get a Bajaj Finserv RBL Bank SuperCard, you can avail a 3-month emergency advance (loan) at merely 1.16% interest per month. 

Compare Cards Based on Purpose

In 2021, when you compare credit cards, India has the following cards which are the best according to the categories mentioned, in terms of benefits.

  • Best Overall Card – Bajaj Finserv RBL Bank SuperCard
  • Best Card for Fuel – IndianOil Citi Credit Card
  • Reward Points – Citibank Rewards Credit Card
  • Travel – Yatra SBI Credit Card
  • Shopping – Axis Bank Neo Credit Card

Benefits and More

When you obtain the Bajaj Finserv RBL Bank SuperCard, you get the power of four different cards in one plastic card. Used as a card for EMI payments, to take loans, like a credit card and a cash card, this is the perfect card for most individuals.