Whether you are doing it to stock up on essentials or for some retail therapy, shopping can be an enjoyable activity. Using a shopping credit card to manage your transactions gives you the added benefit of earning exciting rewards and getting pocket-friendly offers.
With some of the best shopping credit cards in your wallet, you can access flexibility, safety, convenience as well as perks. Whether you need to purchase the latest gadget or buy trendy footwear, using a shopping credit card helps you pay for it all.
However, before finalising a specific card as your shopping buddy, compare various credit cards available in the market. Doing so will help you find the best fit that matches your requirements and get you suitable discounts and offers.
Read on to know about the various types of credit cards ideal for shopping and how you can get one.
Shopping credit cards offer reward points, discounts, and other perks when you shop for certain categories of products or at specific retailers. There are several types of credit cards available under this umbrella, with their own benefits and drawbacks.
Here are some of the most common types:
Co-branded Shopping Credit Cards
When a specific brand partners with a bank, the result is a co-branded shopping credit card like the Flipkart Axis Bank Credit Card. It gives you added benefits like cashback when you shop for certain brands or at certain retail outlets.
Cashback Shopping Credit Cards
These credit cards offer cashback rewards for purchases within specific categories such as groceries, gas, or online shopping. The cashback percentage varies depending on the card issuer and the category.
Rewards Shopping Credit Cards
These credit cards offer double or more rewards points for purchases you make within
various categories. You can redeem these points for a range of products and services, from travel bookings to gadgets.
Store Credit Cards
These credit cards are issued by specific retailers. They offer discounts, rewards, or other perks for shopping at the store of a specific retailer.
Travel Shopping Credit Cards
You can get a variety of perks on accommodation, tickets, rentals, and more with shopping credit cards geared towards travel. Complimentary insurance for baggage or travel is also a perk you can expect from these credit cards.
To get the maximum benefit from your shopping credit card, you must know its features and benefits beforehand. Read on to learn about the common advantages they offer you.
1. Reward Points
You can earn reward points on shopping, movie tickets, dining, and more with a shopping credit card. You can redeem these points to buy or avail your favourite products/services.
2. Welcome Benefits
You can get welcome benefits in the form of vouchers or rewards based on the shopping credit card you have.
3. Fuel Surcharge Waiver
Enjoy a waiver on surcharge based on specific bill amounts when you fill fuel using this type of credit card.
4. Discounts
You can get assured discounts or offers using shopping credit cards, be it on online transactions or dining bills and more.
5. Security
A shopping credit card also offers safety with contactless tap payments and may also offer a fraud liability cover.
In addition, you can sign up for virtual credit cards, which are one-time use credit cards that you can generate for online transactions. These cards offer an added layer of security, as they are valid for only one transaction.
You must fulfil the following terms to get a shopping credit card from most issuers:
1. Eligibility Criteria for a Shopping Credit Card
Nationality: You must be a citizen of India
Age: Your age must be at least 21 years
Employment Status: You must either be salaried or self-employed
Credit History: You must have a good credit history
2. Documents Required to Apply for a Shopping Credit Card
Keep the following documents handy when applying for a shopping credit card:
Proof of address
Proof of identity
Proof of income
Duly signed application form
Latest passport-size photographs
How to Apply for a Shopping Credit Card
To apply online for a shopping credit card on Bajaj Markets, follow these steps:
Step 1: Click on the ‘APPLY NOW’ tab of this page
Step 2: Fill in essential details such as your mobile number, employment type and date of birth
Step 3: Check out the different shopping credit cards available on the platform and compare them
Step 4: Select the best shopping credit card
Step 5: Fill out the application form and submit it online
That is all it takes to get a credit card effortlessly on Bajaj Markets. After an instant KYC verification, you can get card approval in less than 5 minutes.
About Credit Cards Services
- Credit Card apply online
- Credit Card Balance Transfer
- Best Fuel Credit Card in India
- Business Credit Card in India
- Corporate Credit Card In India
- Credit Card against FD
- Credit Card Settlement
- Credit Card Documents
- Credit Card Eligibility Criteria
- Credit Card EMI
- Features & Benefits of Credit Card
- Interest Rate on Credit Card
- International Credit Card
- Credit Card Limit
- Loan on Credit Card
- Credit Card Lounge Access
- Credit Card Netbanking
- Credit Card Bill
- Credit Card Pin Generation
- Credit Card Reward
- Check Credit Card Statement
- Types of Credit Card
- Credit Card Billing Cycle
- Credit Card Meaning
- Best Credit Card In India
Credit Cards Partners at Bajaj Markets
Non Partners Credit Cards
FAQs on Shopping Credit Cards
You can earn accelerated rewards across a range of categories, such as dining, movies and online shopping. Additionally, you can earn bonus reward points on reaching spending milestones. Some shopping credit cards also provide gift vouchers.
The best shopping credit card for offline use depends on your needs and usage. Choose a card that is right for you based on the offers, partners, fees and your eligibility.
Credit cards which offer EMI conversion facilities are considered best for mobile shopping, as you can convert your big-ticket purchase into affordable EMIs.
Shopping credit cards offer reward points when you use them for purchases or for making payments. Once you have sufficient reward points, you can use them to buy products, avail e-vouchers, use them against your statement balance and more.
Shopping credit cards are designed to offer a wide range of benefits each time you use them to shop for products and services. Depending on the card that you opt for, you may stand to receive bonuses or accelerated reward points on specific transactions.
You may even get welcome vouchers for spending a certain sum of money within the first month or so of card activation.
Yes, it is absolutely safe to make online purchases using a credit card. Every known e-commerce website has a secure payment gateway that keeps your transactions safe.
Moreover, most online transactions ask for an One-time Password (OTP) to authorise every purchase, which adds an extra layer of protection.
Accelerated reward points programs offer customers the opportunity to earn points at a faster rate. This is typically offered by providing extra points for specific purchases or activities.
For example, a credit card may offer 2X or 3X points for purchases within certain categories like travel or dining. The additional points can be redeemed for cashback, merchandise, or travel-related transactions.
There are numerous ways to use a credit card safely and conveniently for online shopping. Use it directly on the merchant’s website or through a payment gateway. You can also use it on mobile wallets like Paytm, Google Pay or PhonePe.
Most online platforms, such as Flipkart and Amazon, allow you to use your credit card to pay digitally too.
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