Credit cards have significantly evolved over the decades since their inception back in 1981. Now, these are more than just a financial instrument to make transactions.
- Frequent flyers get discounts and cashback on flight tickets.
- Those who spend high on fuel can make such expenses cheaper.
- Cinephiles receive free movie tickets and discounts on the same.
- People with extensive grocery needs can lower their monthly expenditures.
- Individuals can also increase their credit score.
All of these above are now possible only with a credit card. Financial institutions also add new and more features to their products considering customers’ benefits.
The only problem that cardholders face is to choose the best credit card in India. There are abundant options available that make it more confusing to pick the right product.
One of the ideal credit cards that you can go for is the Bajaj Finserv RBL Bank SuperCard. You get the option to choose from 6 powerful variants; all of these combine the features and benefits of 4 different cards in one.
Industry-first features of this credit card:
- Zero-interest emergency personal loan
Convert the unutilized credit limit of this credit card into an emergency personal loan. This loan also comes with zero interest and that too for up to 90 days.
- ATM cash withdrawal with 0% interest on repayment
Unusually, credit cards charge a high rate of interest on repayment when you use it to withdraw cash from ATM. However, you need not pay any interest for up to 50 days on the repayment of ATM cash withdrawals when using the SuperCard.
Some other features users can enjoy:
- Reward points
The Bajaj Finserv RBL Bank SuperCard is considered the best credit card in India as it enables you to earn the following reward points –
- Welcome gift of 20,000 reward points.
- Milestone bonuses of 20,000 reward points after you spend Rs. 3 Lakh. Another 20,000 reward points when you cross Rs. 5 Lakh.
- 2 reward points for every expense of Rs. 100.
- 20 reward points for every Rs. 100 spent overseas or on dining.
Note that the reward points mentioned above are the maximum that you can earn.
- Offers on movie ticket purchases
The World Plus SuperCard is one of the credit cards that give you one movie ticket free with another. You can also receive a 10% discount on movie ticket purchases.
- Fuel surcharge waiver
One feature that makes the Bajaj Finserv RBL Bank SuperCard the best credit card in India is a fuel surcharge waiver. You can save up to Rs. 200 every month on fuel surcharge.
- Airport lounge access
The credit card gives you complimentary visits to airport lounges for up to 8 times a year. You also receive unlimited paid accesses.
- Security features
You can enjoy absolute security against online threats with features like “Zero-fraud liability cover” as well as “In-hand security” on the credit card.
Bajaj Finserv additionally brings pre-approved offers that simplify the process of availing credit cards, thereby, saving more time. Such schemes also come with business loans, home loans, personal loans, and numerous other financial products and services. You only need to provide your name and phone number to check your pre-approved offer.
The Bajaj Finserv RBL Bank SuperCard is the best credit card in India benefitting you in more than one way. You only need to provide a few documents and fulfill nominal eligibility criteria to avail of this card.
Tips to use a credit card correctly:
- Keep the credit utilization under 30%
Utilizing more than 30% of your credit limit lowers your credit score. Hence, make sure not to cross this mark to increase your CIBIL score.
Do remember that you will need a credit score of 750 or more to apply for a credit card in the first place.
- Pay the total payment due
The total payable amount is the summation of all the expenses you made with your card. It is the full amount that you owe the company. Completing the credit card bill payment improves your credit score.
On the other hand, the minimum amount due is a specific percentage of the total. It can also include interest at times. Paying this minimum payment decreases your CIBIL score.
What should you avoid?
Note that financial companies conduct a credit inquiry for every credit card application that you make. Such inquiries lower your credit score. Hence, it is best to keep the number of applications limited. Also, you must not apply for a new credit card immediately after rejection as the new company might also deny your application due to the previous rejection. Keep in mind this thing while applying in the same company, you can apply in different in this case so there is the chance of getting approval.
Lastly, make sure to check all the terms and conditions, interest rates, and fees before you pick the best credit card in India.