A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder’s accrued debt. The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.

There are two main types of credit cards: consumer credit cards and business credit cards. Consumer credit cards are issued to individuals for personal use, while business credit cards are issued to businesses for business expenses.

Credit cards offer a number of advantages to cardholders, including:

• Convenience: Credit cards can be used to make purchases anywhere that accepts them, which can save you time and hassle.
• Flexibility: Credit cards offer a line of credit that you can use as needed, which can be helpful for unexpected expenses or large purchases.
• Rewards: Many credit cards offer rewards programs that can earn you cash back, travel points, or other benefits.
• Building credit: Using a credit card responsibly can help you build your credit history, which can make it easier to qualify for other forms of credit, such as loans or mortgages.

However, there are also some disadvantages to using credit cards, including:

• Interest: If you don’t pay your credit card balance in full each month, you will be charged interest on the outstanding balance. Interest rates on credit cards can be high, so it’s important to make sure you can afford to pay your balance in full each month.
• Fees: Credit cards can also come with fees, such as annual fees, late payment fees, and foreign transaction fees. It’s important to read the terms and conditions of your credit card agreement carefully to understand all of the fees that may apply.
• Debt: If you use your credit card irresponsibly, you can quickly accumulate debt that can be difficult to pay off. It’s important to use your credit card wisely and only spend what you can afford to repay.

If you’re considering getting a credit card, it’s important to do your research and choose a card that’s right for you. Compare different cards to see what features and benefits they offer, and make sure you understand the terms and conditions before you apply.

How Does a Credit Card Work?

When you use a credit card to make a purchase, the merchant sends the transaction information to the credit card issuer. The issuer then authorizes the transaction and sends the funds to the merchant. The cardholder is then responsible for paying the credit card issuer for the amount of the purchase, plus any applicable interest and fees.

The credit card issuer typically has a grace period, usually 21 days, during which you can pay your bill in full without being charged interest. If you don’t pay your bill in full during the grace period, you will be charged interest on the outstanding balance. The interest rate on credit cards can be high, so it’s important to make sure you can afford to pay your bill in full each month.

In addition to interest, credit cards can also come with other fees, such as annual fees, late payment fees, and foreign transaction fees. It’s important to read the terms and conditions of your credit card agreement carefully to understand all of the fees that may apply.

Types of Credit Cards

There are many different types of credit cards available, each with its own set of features and benefits. Some of the most common types of credit cards include:

• Cash back cards: These cards offer cash back rewards on your purchases. The amount of cash back you earn will vary depending on the card and your spending habits.
• Travel rewards cards: These cards offer travel rewards, such as points or miles, that can be redeemed for travel expenses. Some cards offer rewards for specific types of travel, such as airfare or hotel stays.
• Rewards cards: These cards offer a variety of rewards, such as cash back, travel points, or merchandise. The rewards you earn will vary depending on the card and your spending habits.
• Store credit cards: These cards are issued by a specific store and can only be used at that store. They often offer rewards, such as discounts or bonus points, for shopping at the store.
• Secured credit cards: These cards are designed for people with bad or limited credit history. To get a secured credit card, you will need to deposit a cash security deposit, which will be held by the issuer as collateral. As you make your payments on time, your credit history will improve and you may eventually be able to qualify for a traditional credit card.

Best Credit Card

1, Standard Chartered Bank Credit Card

Deal Details

Joining Fee: No joining fee

Rs.1000 Second year onwards and get annual fee waived on INR 3 lakhs spends in the previous year

Benefits

• Get 4 reward points per INR 150 on all retail spends*
• Enjoy additional* 4 reward points per INR 150 on monthly retail spends* above INR 20,000
• Domestic Lounge Access (1 per calendar quarter)
• 1% Fuel Surcharge Waiver on all fuel spends*
• Earn 1 reward point per INR 150 spent on Government and Insurance categories 

Eligibility Criteria

• Salaried Minimum: 18 years; Maximum: 62 years. Self Employed Minimum: 18 years; Maximum: 67 years
• Applicant should have a stable monthly income.
• Applicant should belong to credit cards sourcing cities/locations of the Bank.
• All applications are subject to credit and other policy checks of the Bank.

APPLY NOW: https://extp.in/pxmUOp

2, NAVI

Deal Details

​​​​​​Navi is a digital lending app that provides you upto Rs.20 Lakhs Instant loans.

Benefits:
-> 100% Fully Digital and paperless process
-> Quick Loan approval in 10 mins & Fund transfer to the bank within 2 minutes
-> Get Instant Loan upto Rs.20Lakhs
-> Flexible repayment tenure of upto 72 months
-> Enjoy low-interest rates starting from 9.9% p.a
-> Safe and secure credit system

Requirement

• Age: 21 to 60
• CIBIL Score needs to be greater than 650
• Minimum Monthly Income needs to be greater than or equal to Rs 10,000
• Locations: We are live in all major towns and cities (except J&K, North East and some other geographies) PFA the list of serviceable pincodes.
• We serve both Salaried and Self Employed customers.
• We also allow NTC borrowers

APPLY NOW: https://extp.in/EMhSAS

3, ICICI Bank

Details

Apply now for an ICICI credit card, unlock a world of benefits and simplify your financial life with ease!”

Benefits 

• Rewards program for earning and redeeming reward points
• Fuel surcharge waiver at petrol pumps
• Travel benefits including airport lounge access, travel insurance, and discounts on bookings
• Dining benefits with discounts at select restaurants and outlets
• Cashback offers on categories such as groceries, utilities, and online transactions
• No cost EMI options for high-value purchases
• Contactless payments for faster and easier transactions

How To Apply 

APPLY NOW: https://extp.in/S9YW8z

• Apply online through the ICICI Bank website or mobile app
• Fill out the application form with personal and financial details
• Upload the required documents such as identity proof, income proof, and address proof
• Wait for the bank to process and approve the application
• The card will be delivered to the registered address once approved.

Criteria

• Age should be 21 to 60 years
• Good credit score and credit history
• Minimum income requirement varies based on the type of card
• Documents such as identity proof, income proof, and address proof are required
• Existing ICICI Bank customers may have a higher chance of approval

4, AU Bank Credit card

Details

Open AU Bank Savings Account & Get Upto 7.25%* Interest Rate

Benefits of AU Bank Savings Account : 
– Zero Balance Savings Account 
– High-interest rates & Monthly interest payouts.
– Get Free unlimited IMPS/RTGS/NEFT fund transfers
– 24×7 access to your funds through AU0101 App
– No Annual Maintenance Charges

APPLY NOW: https://extp.in/yTgtTB

5, Axis Bank Credit Card

Details

Apply for Axis Bank MyZone Credit Card & GET FREE Rs.500/- Amazon Voucher 

Benefits of Axis Bank MyZone Credit card 
1. 1 year Free Sony Liv Subscription [Worth Rs.999/
2. Buy one Get one free on Movie tickets through PAYTM
3. 40% off on Swiggy up to 4 times a month
4. Complimentary airport lounge access   

Eligible for Axis Bank MY Zone Credit Card:
1. Primary cardholder should be between 18 to 70 years of age
2. Add-on cardholder should be above 15 years of age
3. Applicant should be a Resident of India or Non-Resident Indian

How To Apply 
1. In the next window, you will see a wide range of Axis Bank Card options. Search for ‘Flipkart Axis Bank credit card’.
2. Click on ‘Apply Now’.
3. The bank will then require details like customer ID, mobile number, etc to check your Flipkart Axis Bank credit card eligibility.
4. Upon confirmation of eligibility for the Flipkart Axis Bank card, you will be asked to enter other information to complete the application process.
5. Submit the application online with mandatory documents to complete your Flipkart Axis Bank credit card application procedure.

Apply Now: https://extp.in/yNPpVV

6, SBI SimplyClick Credit Card

Details

• SimplyCLICK and get 10X Reward Points* on Exclusive Online Partners.
• Get Amazon.in Gift Card worth Rs.500 with the SimplyCLICK SBI Card.
• SimplyCLICK and get rewarded every time you shop online.
• SimplyCLICK SBI Card – For a generation that’s always online.
• Get Complimentary Amazon.in Voucher worth Rs. 500 on joining.
• Enjoy 10X Rewards when you shop on Amazon.in with the SimplyCLICK SBI Card.
• Earn Reward Points on online shopping with the SimplyCLICK SBI Card.

APPLY NOW: https://extp.in/Pl6xXT

How to Activate HDFC Credit Card

There are several ways to activate your HDFC credit card:

• Through ATM: You can activate your card by visiting an HDFC ATM and entering your card number and PIN. The ATM will activate your card and you will be able to use it immediately.
• Through phone: You can activate your card by calling HDFC customer care at 1800 425 4354. You will need to provide your card number and other personal information to the customer care representative. The representative will activate your card and you will be able to use it immediately.
• Through online banking: You can activate your card through HDFC’s online banking website. You will need to log in to your account and enter your card number. You will then be prompted to activate your card.
• Through the HDFC app: You can also activate your card through the HDFC app. You will need to download the app and create an account. Once you have created an account, you can enter your card number and activate it.

Once you have activated your card, you will be able to use it to make purchases anywhere that accepts HDFC credit cards. You will also be able to access your credit card statement online or through the app.

Here are the steps on how to activate your HDFC credit card through online banking:

1. Go to the HDFC Bank website and log in to your online banking account.
2. Click on the “Credit Cards” tab.
3. Click on the “Activate Card” link.
4. Enter your credit card number and the OTP that you will receive on your registered mobile number.
5. Click on the “Activate Card” button.

Your card will be activated immediately and you will be able to use it to make purchases.

Here are the steps on how to activate your HDFC credit card through the HDFC app:

1. Download the HDFC app on your mobile phone.
2. Open the app and create an account.
3. Once you have created an account, click on the “Credit Cards” tab.
4. Click on the “Activate Card” button.
5. Enter your credit card number and the OTP that you will receive on your registered mobile number.
6. Click on the “Activate Card” button.

Your card will be activated immediately and you will be able to use it to make purchases.

How to close SBI Credit Card

There are several ways to close your SBI credit card:

• Through the SBI Card website: You can log in to your SBI Card account and submit a request to close your credit card.
• Through the SBI Card app: You can download the SBI Card app and submit a request to close your credit card.
• Through phone: You can call SBI Card customer care at 1860 180 1290 and request to close your credit card.
• Through mail: You can write a letter to SBI Card and request to close your credit card. The address is:

SBI Card
PO Box 28
GPO, New Delhi 110001

Once you have submitted your request to close your credit card, SBI Card will send you a confirmation letter. You will need to pay off your outstanding balance before your credit card can be closed.

Here are the steps on how to close your SBI credit card through the SBI Card website:

1. Go to the SBI Card website and log in to your account.
2. Click on the “My Account” tab.
3. Click on the “Close Credit Card” link.
4. Enter your credit card number and the OTP that you will receive on your registered mobile number.
5. Click on the “Submit” button.

Your request to close your credit card will be processed and you will receive a confirmation letter from SBI Card.

Here are the steps on how to close your SBI credit card through the SBI Card app:

1. Download the SBI Card app on your mobile phone.
2. Open the app and log in to your account.
3. Click on the “My Account” tab.
4. Click on the “Close Credit Card” link.
5. Enter your credit card number and the OTP that you will receive on your registered mobile number.
6. Click on the “Submit” button.

Your request to close your credit card will be processed and you will receive a confirmation letter from SBI Card.

Here are the steps on how to close your SBI credit card through phone:

1. Call SBI Card customer care at 1860 180 1290.
2. Provide your customer ID and other personal information to the customer care representative.
3. Request to close your credit card.
4. The customer care representative will process your request and send you a confirmation letter.

Here are the steps on how to close your SBI credit card through mail:

1. Write a letter to SBI Card requesting to close your credit card.
2. Include your credit card number, customer ID, and contact information in the letter.
3. Send the letter to the address mentioned above.

SBI Card will process your request and send you a confirmation letter.

Note: You should not cut up your credit card before your account is closed. Doing so may damage your credit score.