Compare Credit Card Offers Before You Buy
A Credit Card can be a valuable tool for an individual in this cashless age. Instead of having to carry around bulk cash, users can simply use a good Credit Card as ‘plastic money’ to pay for various services. Not only that, banks today provide plenty of Credit Card benefits like cashback Credit Card offers, interest-free period, reward points and discounts. The bank sets a credit limit on the card, up to which the user may use it for his or her transactions, and then the user is required to pay the Credit Card bill on a monthly basis.
There are a variety of Credit Cards like instant approval Credit Cards, cashback cards, balance transfer cards and many more. All of these have different terms, different charges and they come with different Credit Card offers like Credit Card points, cashback, discounts, etc. Given below is a list of Credit Card types that you can choose from:
Types of Credit Cards:
Standard Credit Cards
This type of Credit Card is offered by most banks in India. They are simple Credit Cards with no bells and whistles. They come with revolving credit, low interest rates and generally are with no annual fee. As far as other benefits are concerned, a standard or a classic Credit Card comes with the usual cash advance option, worldwide usage and an interest-free period. If you’re the sort of person who doesn’t use a Credit Card much, but still would like to keep one for emergencies, then this type of Credit Card is a good option. They may not have the best Credit Card offers, but they’re reliable.
Travel Credit Cards
A travel Credit Card is a type of Credit Card that has many benefits for a constantly travelling person. The benefits include air miles on purchase of flight tickets. These air miles, once accumulated, can be used to purchase tickets. Such cards also offer plenty of discount options while buying both domestic as well as international tickets.
Cashback Credit Cards
A cashback or money back Credit Card is quite useful if you use a Credit Card frequently for online purchases and utility bills. These Credit Cards offer a percentage of the purchase value back to the customer as cash rewards. The cashback percentage can be anything from 5% to 20%. It can be availed for restaurant bills, Uber costs and various online transactions.
If you’re a person who commutes long distances by car for your business or other purposes, then a fuel type of Credit Card may be quite useful for you. A fuel Credit Card offers great discounts on fuel pumps when you’re refuelling your petrol or diesel car. Constant travellers can save some money with such a type of Credit Card. Other benefits include a fuel surcharge waiver and Credit Card reward points for fuel transactions.
Thus, there are a lot of options as far as Credit Cards are concerned and it is important to compare cards and then you can choose whatever you feel will be beneficial to you.
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