Credit Cards

Overview

Credit Card Partners

To help you enjoy the top free credit cards and paid credit cards, Finserv MARKETS has partnered with banks that offer some of the most prestigious cards. The financial marketplace gives you access to these top free credit cards and paid credit cards, along with their features, benefits, fee details, and latest offers- everything at one place. You can get the best credit cards for beginners, top premium credit cards, best free credit cards, best credit card for low income, best looking credit cards and even the easiest credit cards to get one’s hands on. Compare amongst India’s top credit cards by popular banks in India- Axis Bank Credit Cards, SBI Credit Cards and RBL Bank Credit Cards, to understand that based on your needs, which is the best bank for credit cards. Browse through the most prestigious credit cards and select the top 5 credit cards suitable for you. You can then further take a look at the best credit card reviews and select the best credit card to use on an everyday basis. Be it shopping benefits or travel discounts, fuel credits or lifestyle rewards; we have just the right credit card in store for you!

How to Find the Best Credit Card?

Whether you are new to credit card mode of payment and are looking for your first credit card, or are an existing holder searching for a new credit card, the question that usually pops up is “which is the best credit card for me?” To ensure that you get your hands on the best first credit card/ best starter credit card or simply the best new bank credit card, take a look at the types of credit cards, their features and the best way to use a credit card.

Credit Card Fees and Charges

Different Credit Cards have different fees and annual charges which you need to check before making a decision on choosing the correct type of Credit Card for you. Some fees that can be levied on a credit card are mentioned below-

Reward Programs

Purchasing items or services using a credit card can earn you rewards as an added advantage for every purchase. These points can be collected and redeemed for purchasing merchandise, securing air miles, getting gift vouchers, etc. 

Eligibility and Documents Required to Apply for a Credit Card

Best Way to Get a Credit Card

Applying and activating a new credit card is easy and can be done online on the Finserv MARKETS website. To apply for a credit card, you need to check out the best online credit card options, study their features and see if you are eligible for the latest credit card. If eligible, you can apply for a new online credit card by following the below-mentioned steps-

1. Visit the official website of Finserv MARKETS
2. Enter your personal information and contact details
3. Check out the list of credit cards offered by the various banks and compare their features
4. Select the best credit card that perfectly complements your spending habits
5. Upload any documents requested for
6. Submit the form online

How to Find the Right Credit Card

• Your spending pattern

One of the most important aspects of the choosing the right Credit Card is to consider your spending habits first. If you're an avid traveller, then you should go for a Credit Card that gives you reward points on travelling. If you shop frequently, then you choose a card that gives you discounts and reward points frequently.

• Offers

Some lifestyle Credit cards give amazing offers and discounts on shopping from certain websites or brands. Some are better suited for travel. You need to be sure that you look out for benefits and compare between multiple cards to avail these benefits.

• Frequent Rewards

Make sure that you check the rewards that are being offered in the Credit Card. If you're into travelling, then you need to look out for Card that offer more rewards on travelling. A lot of banks offer you exclusive rewards when your credit card payments are made on time. The same goes for Lifestyle Credit Cards, Fuel Credit Cards, etc.           

• Fees & Annual Charges

Different Credit Cards have different fees and annual charges which you need to check before making a decision on choosing the correct type of Credit Card for you. A lot of companies even offer free Credit Cards these days, i.e. without any annual charges.           

• Welcome Gift

Finserv MARKETS offers a lot of welcome gifts or bonus points on the online Credit Cards that you select. These can be extra miles that can be redeemed while travelling or bonus points that can be redeemed whenever you shop. If you want to avail these, you need to find and apply for Credit Cards that offers good welcome gifts or bonus points. What are you waiting for? Apply & avail the benefits today!        

• Credit Card ROI

This is very crucial to check out before you apply for any Credit Card as different banks offer different rates of Interest on a variety of Credit Cards that they offer.

How a Credit Card Works

Offline

Step 1:

You have just completed your shopping at your favourite brand's outlet and use your Credit Card at the checkout counter. The storekeeper will swipe your card or insert it into a POS or point of sale machine. In most cases, the store will then ask you to enter a PIN (personal identification number) to authenticate the transaction.

Step 2:

The machine reads the strip or chip on your Credit Card and sends the information along with the PIN to your issuing bank. If everything looks all right (credit limit, identity, validity, etc.), the bank approves the purchase.

Step 3:

If the transaction is approved, the machine then prints a pair of receipts – the retailer keeps one and hands you the second copy. In rare cases, where a PIN is not required, the retailer will request you to sign a copy of the receipt.

You are billed for the transaction in the next statement, and the retailer receives the money after a few days. The whole process works seamlessly on systems and technology provided by Visa or Mastercard or NPCI.

Online

Step 1:

When you are paying for purchases online, the e-commerce store will ask you for the below details:

Step 2:

Choose whether it is Visa or Mastercard or RuPay Card

• 16-digit card number,
• Expiry date,
• CVV
• Name as printed on the card
• Billing address (sometimes)

Step 3:

Post-pressing the pay button, the information is sent to your bank via a payment gateway. 

The bank sends an OTP or one-time password to your registered mobile number or email ID to authenticate this transaction.

If the OTP entered by you is correct, only then your transaction is complete.

Why your Credit Card Application may get Rejected

• Your Credit Card balances are too high

If your Credit Card balance is running too high already, there are chances that your fresh online Credit Card application may not get processed.

• Your CIBIL Score is weak

One of the prominent reasons for your card to get rejected is that  your CIBIL score is not up to the mark.

• Your loan balances are too high

Having too much debt makes it harder for you to take on a new payment. If your loan balances are high, credit card issuing banks may be hesitant in giving you a new Credit Card.          

• Income too low

Your income is one of the major factors to decide on which Credit Card to give to you. This may be a factor of rejection in case the issuing banks find your income too low.           

• Too many Credit Cards

One of the reasons for rejection of a good Credit Card is that you already may be having too many of them. The number of Credit Cards you have can have an influence on whether or not you shall get a new one.