Shopping credit cards are a must in today's world. They offer a lot of benefits to the customer, like discounts, cashback, offers and incentives. Whether you use them in-store or online, giving you the freedom to shop at any time without the concern of immediate payments. Shopping credit cards have brought the stores closer to you and shopping has become a convenient option.
To apply online for shopping credit card, follow these steps:
Step 1: Visit the official website of Bajaj Markets.
Step 2: Fill in the essential details to check your eligibility.
Step 3: Check out the different shopping credit cards available and compare the products.
Step 4: Select the best shopping credit card.
Step 5: Fill out the application form and submit it.
You must fulfil the following eligibility criteria to avail 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.
Keep the following list of documents handy while applying for a shopping credit card:
Proof of Address: Aadhaar card/ passport/ utility bills for the previous 3 months/ driver’s licence/ property registration documents/ ration card/ NREGA-issued job card/ or any other photo ID card issued by the government.
Proof of Identity: PAN card/Aadhaar card/ driver’s licence/ voter’s ID card/ passport/ NREGA-issued job card/ or any other photo ID card issued by the government.
Proof of Income: Latest Form-16, salary slips for the last 3 months, or bank statement for the last 3 months.
Duly signed in application form.
Passport size photograph.
To get the maximum benefit from your shopping credit card, you must know the features and benefits beforehand. Read on to find some of these.
You can earn rewards points on shopping, movie tickets, dining etc on a shopping credit card. Accumulate and redeem these points later to buy your favourite products/services.
You can get welcome benefits in the form of vouchers across categories such as movies and travel after obtaining a shopping credit card.
You can enjoy fuel surcharge waiver on specific amounts of fuel spent with a shopping CC.
You can get assured discounts or offers on shopping credit cards especially on your dining spends at partner restaurants in major cities.
There are different types of shopping credit cards available in India. Read the list below:
There are certain shopping credit cards that provide reward points on transactions. You can accumulate the credit card reward points and redeem those points later. For example, the HDFC MoneyBack Credit Card and the SBI SimplyCLICK Credit Card.
Other variants of shopping credit cards extend attractive cash-back offers on shopping across categories such as apparels, electronics, and more. For example, the Axis Ace Credit Cards and the Amazon Pay ICICI Credit Card.
Lastly, there are specific shopping credit cards that have tie-ups with merchant stores. If you purchase from the partner stores with these credit cards, you can get amazing assured discounts. For example, the Axis Bank Buzz Credit Card.
Remember, the type of shopping credit card available in the market can differ from bank to bank. Sometimes, you can come across credit cards that pack a combination of rewards, cashback or discount.
With a shopping CC, you can purchase electronics, luxury items, groceries, and more with a few simple clicks. Follow the steps mentioned below to use a shopping credit card online:
Step 1: Choose the website from which you want to make a purchase and select the item(s).
Step 2: Click on ‘Add to Cart’ or ‘Add to Bag’ option and add the item(s).
Step 3: Move to the ‘Check-out’ page of the online platform.
Step 4: Next, enter shipping details including your name, address, contact number and Pin code, landmark. You can choose the same address as your ‘billing address’ or submit a different one.
Step 6: After submitting the details, you will be directed to a payment gateway. Next, you will receive an OTP to confirm the transaction. Enter the OTP and the transaction will be successful.
If you’re planning on getting one in the near future, it is important to ensure that you get the best credit card for shopping. But how do you do that? It is simple. All you need to do is keep the below-mentioned factors in mind when picking out a shopping credit card.
The kind of shopping credit card that you would have to opt for primarily depends on what you plan to use it for. For instance, if you’re someone who shops regularly on e-commerce websites, you might want to consider getting the best credit card for online shopping. For example, Amazon Pay ICICI Bank Credit Card caters to those who extensively shop on Amazon. Compared to that, HDFC MoneyBack Credit Card and the SBI SimplyCLICK Credit Card are generally preferred by those who want gift vouchers, reward points, etc. If you are someone who frequents airports, credit cards that provide exclusive lounge access can be a fit for you.
The fee that you would have to pay towards a credit card each year also varies depending on the type of shopping credit card you opt for. Generally, the annual fee for such cards starts from ₹49 and goes up to ₹1,000. There are also some cards for which the fees begin only after 2nd year or later. In addition to this, you can also find a few lifetime-free shopping credit cards. Therefore, when opting for a card, thoroughly examine if the annual fees are worth the benefits, reward points and discounts they provide.
Many shopping credit cards offer welcome gifts when you spend a certain amount within a few days from card activation. These gifts can either be in the form of bonus reward points or e-vouchers. Choosing such credit cards allows you to maximise the benefits you can receive from them. However, these are often one-time rewards. Hence, you should be cautious of credit cards that attract you with generous welcome bonuses but don’t offer much in terms of benefits otherwise and have a high annual fee too.
The rewards that you stand to enjoy may vary from one card to another. Vouchers from well-recognised brands like Cleartrip, BookMyShow, Amazon, Flipkart, Tanishq, Myntra, etc., are often given. Other benefits include a fuel surcharge waiver, discounts at partner restaurants, and many more such rewards. Many brands exclusively partner with credit card companies. Therefore, it is important to choose a card that offers rewards that are in line with your needs and requirements.
When choosing the best credit card for shopping, always make sure to check the various charges applicable on the card. You should watch out for any hidden charges. The most common fee is the annual maintenance charge. Other such charges include cash advance fees (applicable for cash withdrawals from ATMs) and GST (levied on the annual fees, interest payments and processing fees). It is always advisable to opt for a card that comes with low fees.
You can earn accelerated rewards across a range of categories such as grocery, movies, online shopping, etc. Additionally, you can earn bonus reward points against milestone spends Some shopping credit cards also provide gift vouchers for movie tickets and online shopping as well as annual fee waivers.
The idea of the best shopping credit card varies from one user to another. One credit card may prove to be ideal for a user and not for another. Hence, you must choose a credit card based on the features offered, your shopping needs and your financial standing or profile.
Credit card which comes with EMI conversion facility is considered best for mobile shopping as you can convert your big-ticket purchase into affordable EMIs.
Certain shopping credit cards offer reward points when you use them for purchases or for making payments. Once enough reward points are accumulated, you can use them to avail e-vouchers, discounts and a whole lot of other offers.
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 benefits such as bonus or accelerated reward point accumulations on certain specific transactions, shopping discounts and cash backs on specified purchases. You may even get welcome benefits for spending a certain sum of money within the first 30 or 60 days of card activation.