A credit card is a piece of plastic or metal issued by a bank or financial services company, with a pre-set credit limit that is decided by the issuer on the basis of the customer’s eligibility and the former’s policies. In the absence of adequate funds in your account, you can use the limit on your credit card to pay for your purchases. You can then repay the amount spent on the card in full at the time of billing or opt for EMI payment option, if applicable. Additionally, credit cards also help to build a good credit score while letting you save through benefits such as rewards, cashback, discounts, and more.
Depending on your lifestyle and spending habits, you can choose from a number of credit card options such as shopping credit cards, business credit cards, secured credit cards, etc. If you are unaware of the various benefits available on these cards, the eligibility criteria for applying, or how to choose the right credit card, we have got all the answers for you!
Bajaj MARKETS has partnered with some of the most prestigious banks in the country to provide you with the best credit cards. Whether you are looking for best credit cards for beginners or premium instant credit cards, we have got you covered. Be it shopping benefits or travel discounts, fuel surcharge waivers, or lifestyle rewards, we have just the right credit card in store for you! Browse now to compare top offers and features by Axis Bank credit card, SBI credit card, RBL Bank credit card, Citibank credit card and ICICI credit card and apply for credit card online today!
Credit Cards available at Finserv MARKETS allow you to avail a personal loan against your cash limit. Also, you can repay this amount in easy EMIs!
Purchases through any Credit Card available at Finserv MARKETS can be converted into EMIs easily. Apply for a credit card online today.
You credit card comes pre-equipped with all the safety measures to tackle any kind of fraud. Apply online and avail the best credit card for you now!
You can now withdraw cash whenever you need using your Credit Card, that too interest-free! Avail this benefit against a minimal processing fee.
Avail BIG savings annually when you use your Credit Card. Why wait? Go online and apply today with a paperless application process! If you are student, then you can apply for a Student Credit Card and avail exciting offers.
Applying for a new credit card on the Bajaj MARKETS website is pretty easy and quick. You can follow the below-mentioned steps to apply for credit card online:
Step 1: Visit the Bajaj MARKETS official website.
Step 2: Enter your contact information and other personal details.
Step 3: If you have an offer browse through the credit card options available on the site and compare their features.
Step 4: Select the best credit card that perfectly complements your spending habits.
Step 5: Check the eligibility criteria for the credit card of your choice.
Step 6: Submit your credit card application form to initiate the credit card apply online process.
Depending on the issuer’s policy and the type of credit card you wish to apply for, the eligibility criteria may slightly differ. However, the basic credit card eligibility can be summed up as follows:
Age: The minimum age for applying for a credit card is 18 years.
Residence: You must be a resident of India or a non-resident Indian (NRI).
Income: The minimum annual income to apply for credit card is ₹1.8 lakh.
Credit Score: A credit score of 700 or above is considered ideal. In the absence of a good credit score, credit cards can be availed against your income and savings. You can also opt for a secured credit card issued against a fixed deposit.
The following documents are necessary when initiating the credit card apply online process:
Identity Proof: Passport, PAN card, Voter’s ID, Aadhaar card, Driving licence, Arms licence, Ration card, Freedom fighter’s ID card, or legally acceptable photo ID duly signed by a Gazetted officer.
Address Proof: Passport, Voter ID, Aadhaar card, Driving licence, Ration card, Property documents, Lease/rent agreement, Utility bills of the last three months.
Identity Proof: Form 16, Income tax returns, Salary slips of the last three months, Bank statements of the previous six months.
One of the best features of a credit card is the EMI process, wherein you can convert the cost of purchases into easy EMIs. The amount you would need to pay as EMI would depend on the rate of interest charged by the bank, the loan tenor, and also the down payment.
Credit cards offer attractive reward points based on the type of spends, cost of purchase, and credit card type. You can redeem these reward points in the form of discounts, gift vouchers, movie tickets, fuel surcharge waivers, etc., when you transact at any of the partner stores.
Every online credit card bill payment you make gets reported to the credit bureaus. These companies are in charge of maintaining and updating the credit scores of individuals. Regular bill payments add to your credit history and help you maintain a good credit score.
One of the most sought-after features of a credit card is airport lounge access. Some of the most prestigious credit cards also double as lounge access credit cards to offer you the benefit of resting, eating, and unwinding in a relaxed lounge setting while you wait for your next flight.
The fees and charges applicable on credit cards tend to vary from one card to another. As a result, the type of credit card you choose and the way you use it will decide the expenses you are likely to incur. Some common fees and charges that can be levied on a credit card are mentioned below:
In case yours is not a lifetime-free credit card, the bank will charge you an annual fee for owning the card. The fee is added to your bill automatically.
The interest rate is the charge you have to pay against the outstanding balance on your credit card if you fail to clear the dues by the due date.
A late fee is charged only when you fail to pay the minimum due amount in time. This is especially critical when getting credit cards for first-time users as delays or failures in paying the minimum pending amount can negatively affect the credit score.
Such charges are levied when you use your credit card for making transactions abroad.
These charges are levied when the card expenses are over the stipulated credit card limit.
Depending on the features offered, credit cards can be classified into different types. If you are wondering ‘Which is the best credit card for me?’, below listed are details about various credit card types available in the market with examples.
A shopping credit card is designed for frequent shoppers. While some shopping credit cards provide deals and discounts for shopping online, others are designed for in-store shopping. Further, there are co-branded shopping credit cards that give offers and rewards on specific brands or stores. These cards are great for enjoying benefits such as welcome gifts, reward points, deals and discounts, etc.
This is the best value credit card for frequent travellers. The features and benefits offered on travel credit cards mostly revolve around air travel. Reward points to air miles conversion, free flight tickets, complimentary airport lounge access, and accelerated rewards on air ticket booking, among others, are some common features offered by travel credit cards. Most travel credit cards are co-branded cards offered in collaboration with the card issuer and an air carrier or travel website.
This is the best credit card to get if you own a vehicle; these cards allow you to enjoy significant savings on your fuel expenses. The top credit card issuers bring you some of the best fuel credit cards in the country. Fuel credit cards give you more reward points on fuel spends, fuel surcharge waiver facility, reward points redemption against fuel purchases, and many more benefits. This enables you to keep your fuel expenses under check.
These cards are specially designed for people who travel frequently via air. To make your experience worthwhile, such cards usually come with complimentary lounge access. They even let you earn bonus points against flight ticket purchases in addition to providing cashback, reward points, lower foreign exchange rates, hotel booking discounts, extra air miles on partner airlines, etc.
Business credit cards are offered to employees for the tenor of their employment to make business-related transactions. This may include hotel stays, flight bookings, etc. As a result, employers can take stock of the expenses and manage them better. Personal transactions are strictly prohibited on such cards.
Rewards Credit Card
Reward credit cards help cardholders earn rewards against purchases. This includes bonus points on card renewal, online and offline transactions, special occasions, etc. These cards, in some cases, also let you earn accelerated reward points against milestone expenses. These points can be redeemed to save more.
Secured credit cards are issued against a fixed deposit and are ideal for people with no or poor credit history. Using the card properly can help improve your creditworthiness and credit score, which would allow you to borrow funds in the future
Bajaj MARKETS is a financial marketplace that gives you access to a range of credit cards along with insights about their features, benefits, fee details, and latest offers - all in one place! You can choose from a curated list of handpicked credit cards across popular banks - Axis Bank, State Bank of India, Citibank, ICICI Bank, and RBL Bank, which offer you a wide range of offers and initiate the credit card apply online process. Some of the key reasons why you should apply for credit card online at Bajaj MARKETS include:
Credit Cards available at Bajaj MARKETS allow you to avail a personal loan against your cash limit. Also, you can repay this amount in easy EMIs!
Purchases through any Credit Card available at Bajaj MARKETS can be converted into EMIs easily.
Your credit card comes pre-equipped with all the safety measures to tackle any kind of fraudulent activities.
You can now withdraw cash using your Credit Card anytime, that too interest-free! Avail this benefit against a minimal processing fee.
Avail BIG savings annually when you use your Credit Card. Why wait? Go online and apply today with a paperless application process! If you are a student, then you can apply for a Student Credit Card and avail exciting offers.
There are multiple Credit Cards available across various banks today. These include cards that provide assured welcome gifts, exclusive benefits to shoppers, extra miles along with airport lounge access to frequent flyers and huge discounts on movie tickets to the movie buffs. Moreover, you can always rely on a Credit Card to help you purchase items you have kept in your wishlist for a long time without having to pay the entire sum upfront.
Bajaj MARKETS is a financial marketplace that gives you access to a range of credit cards, along with their features, benefits, fee details, and latest offers- everything at one place. You can choose from among a curated list of handpicked Credit Cards, across popular banks- Axis Bank, State Bank of India, Citibank, ICICI Bank and RBL Bank, which offer you a wide range of offers. These cards allow you to pay your utility bills conveniently; get discounts at partner restaurants in India, avail benefits like emergency credit and pay through easy EMIs on purchases with excellent reward points on milestone spends, and more such advantages. Also, on Bajaj MARKETS you get the benefit of fast credit card approval, irrespective of if it’s your first-time credit card application, owing to the all credit card apply online process. Browse through the list and select the best credit card to apply online.
A credit card is a financial tool that lets you borrow a certain sum of money and repay it back later in full or instalments. Credit cards also offer other benefits such as rewards, cashback, etc. You can apply for credit card online or offline.
To get an instant credit card online, follow the steps mentioned below:
Visit the official Bajaj MARKETS website.
Enter your personal information and contact details.
Check out the list of credit cards on offer and compare their features.
Select the best credit card that perfectly complements your spending habits.
Upload the requested documents.
Submit the form online.
An instant credit card from Bajaj MARKETS comes with various benefits. These include:
Huge reward points with almost every transaction
Personal loan against the unutilised credit limit
Guaranteed annual savings
Easy conversion of big-ticket purchases into manageable EMIs
Improved CIBIL score with timely repayments
Convenient ATM cash withdrawals
Different credit cards come with different eligibility criteria. However, the basic eligibility criteria which you must consider before applying for a credit card is:
Age - Between 18-65 years
CIBIL Score - at least 700 and above
Applicant must be a resident of India or an NRI
A credit card statement is the documentation of all transactions that you make on your credit card during a specific billing cycle. It also carries other crucial details related to your card such as the total amount due and minimum amount due for a billing cycle, payment due date, available credit limit, current billing cycle’s opening and closing balance, reward points earned/not redeemed, etc. A credit card statement can easily be accessed both online and offline.
Credit card balance is the total outstanding that a cardholder owes to his or her card issuer. It is calculated based on factors like purchases made, applicable fees, including statement charges, annual fees, interest rates, and total outstanding amount with accrued interest. Credit card balance is equivalent to the outstanding amount and is inversely related to the credit limit.
The minimum amount due on a credit card is the amount that you are required to pay for your credit card bill on or before the due date. Generally, the minimum amount due is calculated at 5% of the unpaid balance. Note that the minimum amount due is not a fixed amount and varies every month, depending on the purchases you have made using the card during that period.
A credit card can be used online as well as offline to make purchases.
1) When paying for purchases online, you would need to follow the steps mentioned below:
Select ‘Credit Card’ as your mode of payment at the payment gateway.
Enter your credit card details, including the 16-digit card number, credit card expiry date, credit card CVV, and name as printed on the card.
Click on ‘Pay’.
Once redirected, you would need to authenticate the payment by entering the OTP sent to your registered mobile number or email ID.
2) When you use a credit card to pay for your purchases offline at a point-of-sale (PoS) machine, you would need to either swipe or insert it. The machine will then ask you to enter the PIN (personal identification number) to authenticate the transaction.
3) In case you have a contactless credit card, you can simply tap the card against the card reader to complete the transaction.
Credit card bill payment can be done both online and offline. For online credit card payment, you can pay using popular methods such as IMPS, NEFT, RTGS, netbanking, BillDesk, Visa Money Transfer, auto-debit, etc. If you wish to opt for credit card payment offline, you can pay your credit card bill via cash or cheque at your nearby bank branch or ATM.