Choosing a credit card in 2018 has become almost similar to choosing a smartphone. Both are available in abundant numbers and, therefore, make customers perplexed.
With credit cards, some are also feel that they will have to pay high interests on their debts. Although this is true, however, if managed well, they can avoid paying any interest at all. So, if you are one of those interest-fearing individuals, you can now relax and opt for a credit card that fits your lifestyle.
But how do you go about choosing the best credit card?
The goal when availing a credit card should not be to overspend, but to get a card that suits your spending. Each card is designed to address certain types of expenses, against which the cardholder can earn rewards or discounts.
The Bajaj Finserv RBL Bank SuperCard is one such credit card which combines the power of 4 cards in 1. There are various industry-first features in this credit card that makes it stand apart.
However, before hitting that “Apply Now” button, do check out the following types of credit cards available according to your lifestyle needs:
1. Airline credit cards – For the travel person
Airline credit cards are for those who love to travel by air or have to do so owing to their business, profession or job, i.e. frequent flyers. By using such credit cards to buy air tickets, you can get the following benefits:
* Earn bonus points when you apply for credit card.
* Earn reward points with each travel booking which you can redeem to buy the next air tickets.
* Complimentary access to airport lounges.
* Few credit cards can also offer cashbacks when buying air tickets online.
2. Fuel credit cards – For the car owners
Fuel credit cards, as the name suggests, are for those who spend a considerable amount of money on fuel. By using these credit cards, you can enjoy:
* Fuel surcharge waiver.
* Extra points on fuel purchases at partnered outlets.
* No annual fees.
* Reward points that you can redeem to purchase an array of products.
* Get a concierge service.
Some of the best credit cards can provide additional benefits like offers and discounts on dining and movie tickets.
3. Shopping credit cards – For the shopaholic
If you are a shopaholic, then these types of credit cards can be your best buddy even when you shop alone. Some of the benefits you can earn with such cards include:
* Bonus points that you can earn when you apply for credit card.
* Earn reward points that you can redeem against other products.
* Get extra reward points when you shop online.
* Earn up to 2.5% fuel surcharge waiver.
* Get offers and discounts on movie tickets and dining.
If you opt got one of the best credit cards, you can also earn special reward points for certain transactions like hotel booking, bills payments, and others.
So, that’s how you can choose a credit card which fits your lifestyle requirements.
Things to keep in mind before applying for a credit card:
Credit card companies may charge fees when increasing your credit limit, delayed payments, and others.
II. Credit limit
Every credit card comes with a credit limit – the maximum amount that you can spend. Compare all the options available before opting for one.
III. Reward points
The reward points will be the primary benefit that you receive from your credit card. So, make sure you are going for the best rewards program.
After you claim one of the best credit cards, make sure you repay the debts within the due time. Failing to do so will affect your credit score and restrict you from availing additional loans in the future.
On the other hand, if you use your credit card responsibly, your credit score will increase and so will your credibility.
You can also check out the pre-approved offers by Bajaj Finserv on a range of financial products like credit cards, personal loans, business loans and more. This make the process of availing finance less complicated and very rapid. You can check out your pre-approved offer by furnishing a few details about yourself.