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In todayu2019s times, people are increasingly using the card at both online and offline stores. The use of credit card is expanded to grocery and departmental store spends from mobile phone and accessory purchases. With time, the count of credit cards has only increased in number. This makes it rather difficult to choose the right card. So, if you want to choose the best credit card in India, you must check whether it has the attributes of availability, affordability, the scope for maximum earnings, etc.
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CHOOSE THE BEST CREDIT CARD IN INDIA BASED ON THESE PARAMETERS
In today’s times, people are increasingly using the card at both online and offline stores. The use of credit card is expanded to grocery and departmental store spends from mobile phone and accessory purchases. With time, the count of credit cards has only increased in number. This makes it rather difficult to choose the right card. So, if you want to choose the best credit card in India, you must check whether it has the attributes of availability, affordability, the scope for maximum earnings, etc.
Factors to Consider While Choosing the Best Credit Cards in India You can weigh the credit card options after considering the following factors. The Credit Card You Choose Must Meet Your Needs Don’t choose a particular credit card just because others are doing so. The card that you select must have in it to fulfill your needs. In case you love travelling, a normal shopping card won’t serve your purpose even if it is the best in its category.
The Card Must Have Tons of Reward Points, Cashback and Discount Offers You must pick a credit card that should earn you rewards at an accelerated pace while also adding to your joy with a bunch of cashback and discount offers. The card with maximum rewards, cashback and discounts should be your pick
Keep an Eye on Milestone Benefits Credit cards come with milestone benefits in the form of bonus reward points or a renewal fee waiver. These benefits would, however, require you to spend a specific amount in a certain period as specified. Now, you need to see the amount of spends needed to achieve the benefits. Can you afford to make such spends given your earnings? If so, then go ahead and apply. If not, then look for a credit cardwherein you can achieve the milestone benefits by spending the amount you can afford.
The Card Must be Available in the City You Live in A credit card may be the best of the lot in terms of features and benefits. But what’s the use if that is not available in your city. Yes, not all credit cards are available across India. Particularly, credit cards of foreign banks could be limited to a few major cities. Domestic banks, on the other hand, offers credit cards more or less across all the cities. But there can be some locations within the city where these banks may not provide the credit card. You can check the list of locations and hope that your place does not figure in that unwanted list.
The Card Must Have Lower Fees The credit card you select must not have tall fees that you find hard to pay. Yes, it’s not payable every month. But, on a yearly basis, you need to pay the fees. Choose a card whose fees you can pay easily. Now, the definition of lower fees can change from individual to individual as their earnings differ. Because, if you can afford more, you must not lose out on the opportunity of using a card replete with features of your liking.
Cardinals to Maintain While Using the Best Credit Card in India • Make it a point to pay the entire outstanding due on or before the due date. This will help avoid late payment charges, interest as well as tax • Avoid using a credit card for ATM withdrawals. Cash withdrawal from credit card at ATMs attract interest from the point of instance. Along with that, you need to pay a certain fee as well • Spend according to your needs and earnings and not on the back of impulsions
