What is a Credit Card?

Credit card is a kind of flexible method of payment through which the card holder can pay cash for the actual consumption of goods and services up to the limit of the limit of credit granted by the company which has issued the credit. Amendments: At the end of the billing cycle period you are required to make payment for the costs incurred on the credit card. The mainstream Credit Cards that are operating in India are HDFC Credit Card, ICICI Credit Card, SBI credit card, Axis Bank Credit Card.

Types of Credit Cards Available in India

• Standard Credit Cards: These are available with leading banks such as HDFC Credit Card or even ICICI Credit Cards and include privileges that include and are not limited to; rewards, cash back and purchase protection.

• Premium Credit Cards:  HDFC Infinia Credit Card, SBI Elite Credit Card, and the ICICI Rubyx Credit Card come with added benefits such as higher reward points, free access to airport lounges and the concierge service.

• Secured Credit Cards: In IndusInd Bank, both RBL Credit Cards as well as IndusInd Bank Credit Cards include having secured credit cards where the user is needed to provide a deposit in an effort to obtain the credit card which is basically a fixed deposit.

• Student Credit Cards: Intended for students, these cards provide relatively small credit limits with no or less fees so that students can create credit histories.

• Co-branded Credit Cards: These cards are in cooperation with retailers or brand companies. For instance, the Amazon Pay ICICI Credit Card or Flipkart Axis Bank Credit Card offers certain benefits to the customer which are applicable only on Amazon Pay ICICI Credit Credit and only for the purchase in the Amazon website.

• Lounge Access Credit Cards: Vistara Axis Bank Credit card or HDFC Regalia Credit Card provides access to world airport lounges.

How to Apply for a Credit Card?

• Online Application: Most of the credit cards such as HDFC Credit Card and SBI Credit Card have an easy application from online. Go to their home pages, or download their apps, and you will find portals to fill in an application for a credit card.

• Offline Application: You can also walk into a branch and fill for cards such as Indusind Bank Credit card or Kotak credit card.

• Documents Needed: Some of the documents may include; identification documents, proof of residence, proof of income and credit report.

• Approval Process:Therefore, it means that once the application is received on the side of the bank, they undergo tests on the credit score, income and many other related factors. However, your card will be issued a day after its approval.

How may I know the status of my credit card application?

You can check the status of your application online or by calling customer care. For example:

• SBI Credit Card Application Status: File tracking has to be done using the SBI Credit Card login option or the customer care number.

• HDFC Credit Card Application Status: Users are free to visit travels.hdfccard.com or download the HDFC Credit Card App.

Credit Card Customer Care and Support

Every major bank provides the opportunity to call a specific customer care team. Here are the details for some popular credit card customer services:

• HDFC Credit Card Customer Care: To protect or cancel HDFC bank credit card please dial toll free number 1800 425 4332 or go through the HDFC Bank Credit Card Customer Care.

• ICICI Credit Card Customer Care Number: 1800-102-4242

• SBI Credit Card Customer Care: 1800-180-1295 (Toll-Free)

• Axis Bank Credit Card Customer Care: 1860-419-5555

While using the customer service many banks offer toll-free lines for queries regarding payments, billing and other services provided through the cards.

Credit Card Payment Methods

• Online Payments:  Almost all the banks these days have a facility for making payments on bills online. For instance, you can make ICICI Credit Card Payment online using net banking facilities, mobile application as well as through the other name known as ICICI Credit Card Bill Payment .

• Through ATM: Payments can also be made at an ATM that accepts cards with the credit facility.

• Auto Pay Option: There are solutions for making payments automatically for your credit card’s bill, so you will not be charged extra fees for being overdue.

Credit Card Features and Benefits

• Rewards and Cashback: Most credit cards already in the market such as SBI Cashback Credit Card or HDFC Moneyback Credit Card, provide reward points on every transaction made. These points can be redeemed in various forms including; goods or products, travel or cash.

• Interest-Free Credit Period: You get an interest free period which can be from 20- 50 days whenever you clear your credit card bill by the due date.

• EMI Facility: Several of the cards as HDFC Bank Credit Card and Axis Bank Credit Card to the purchase amount to EMI for convenience in making payment.

• Insurance Coverage: Certain credit cards like Kotak Credit Card or HDFC Regalia Credit Card include insurance on travelling, medical exigency and so on.

Best Credit Cards in India

The best way to approach bank credit card selection is to look at your spending profile and appreciate the important features of a good credit card. 

• High spending individuals are eligible for HDFC Infinia Credit Card.

• SBI Elite Credit Card (Travel Companion for Frequent travelers).

• ICICI Coral Credit Card is also present especially for those customers who are seeking regular rewards.

• Neo Credit Card – Axis Bank (Money back)

• Nonetheless, for people wanting greater luxury benefits with high end features the IndusInd Bank Legend Credit Card is available.

Credit Card Bill Payment Options

• SBI Credit Card Payment: Pay via the SBI Credit Card login portal or through SBI mobile banking.

• ICICI Credit Card Payment: Make payments directly from your ICICI credit card app or through internet banking.

• HDFC Credit Card Payment: Use the HDFC Credit Card App or net banking services to pay your bill.

How to Increase Your Credit Limit?

As for the banks, HDFC Bank, SBI, and ICICI permit users to ask the bank for credit limit increase. This can be done through:

• Online Request: The required change in limit can be requested through net banking or mobile application.

• Customer Care: Dial the customer care service and ask for options of how to request for an upgrade of the credit limit bearing in mind one’s usage and credit score.

Conclusion

Picking the right credit card is a way to get reward systems, cash back, as well as free travel options. Therefore it is important that you assess your spending behavior and consider choosing the best card out of the available ones. Whether you choose HDFC Credit Card, SBI Credit Card or even the ICICI Credit Card each has its own benefits to assist you in the proper spending. It is important to always make your payment so you can keep a good credit rating that gives you the freedom to fully use the credit card.

Disclaimer

The information provided in this blog is purely for general informational purposes only. While every effort has been made to ensure the accuracy, reliability and completeness of the content presented, we make no representations or warranties of any kind, express or implied, for the same. 

We expressly disclaim any and all liability for any loss, damage or injury arising from or in connection with the use of or reliance on this information. This includes, but is not limited to, any direct, indirect, incidental, consequential or punitive damage.

Further, we reserve the right to make changes to the content at any time without prior notice. For specific advice tailored to your situation, we request you to get in touch with us.