What is a credit card?
A credit card is a plastic card used as a means of payment which allows cashless transactions. Individuals use it to pay online or at stores all over the world. Using a credit card instead of a debit card allows users to enjoy more benefits like safety on their payments, more security, better service and reward options.
Visa, Mastercard, American Express:
These are the three main distributors of bank cards in the world. All three are widely accepted while paying online or at physical stores. Visa cards are slightly more accepted than the others. After Visa, comes Mastercard cards which are again slightly more accepted than American Express.
However, the differences between the three networks are minor and it should not really be a factor influencing choice. It is more important to compare the other parameters of the cards, determined by each issuer, bank or institution.
Order a credit card online?
Applying for a credit card online can be much easier and quicker than visiting a bank branch. All credit cards presented in this website can be ordered online. Before applying make sure you meet the eligibility criteria.
Read the reviews of the cards on this site and then click the button ‘apply for this credit card’ for the card of your choice. Then, you will be redirected to that card’s official website where you will be requested to fill in an application form.
Once the form is submitted, the issuer will examine your info and will reply. Once you have been accepted, you will receive the credit card by post at home. Then, you will be able to start using it for transactions.
Which variables to compare?
Before ordering a credit card, it is essential to compare several options. Each credit card has diverse features and costs which it is wise to consider in regard to your needs and financial status:
- Credit cards have some conditions for their users regarding age, salary level, residence, as well as financial history. Check if you are eligible for each product. Certainly, applicants need to be older than 18 and sometimes older than 23 as well as being younger than 70 years old. Applicants have to be able to show proof of salary. For more high-level credit cards certain level of salary is required. In addition, many issuers will ask for proof of Indian residency. You can find more detailed information by reading each card review.
- Each card comes with its own costs. The annual maintenance fee of the account is a standard number of rupees that card owners need to pay on yearly basis to keep the card active. Some cards waive this fee if holders keep a certain balance on their account.
- What is more, it is suggested to compare the interest rate percentages applied. This defines the interest you pay on the amount borrowed on your credit card.
- It is also interesting to value the interest free period. This is the number of days in which card users can pay off the issuer and avoid any interests on the card. This is normally between 20-50 days. It may differ though depending on the credit card.
All these features have been compared on this website. Carefully read the reviews of the credit cards shown, define your own values and make the most beneficial choice.
Taxation:
For all prices presented on this website taxes have not been included. Prices are presented as given on the websites of the issuers.