Using a credit card has a bad impact on CIBIL Score or not , many users will think about it. Any Misuse of a credit card definitely decreases your CIBIL Score and will make you ineligible for any credit facility in future. So use your credit card nicely and smartly. Keep reading this article to clear your doubts that using a credit card affects CIBIL Score or not.
What is a CIBIL Score? CIBIL score is a three digit number that falls in the range of 300 to 900. To get better deals on Credit cards and loans your score must be closer to 900. Majority of Financial Institutes prefer CIBIL Score of 750 and above. Effects of Credit Cards on CIBIL Score: Here are some major factors that can affect your CIBIL Score negatively:
Some financial institutes provide extra usage limits on the credit card beyond the maximum limit. Exceeding the maximum limit also decreases the CIBIL Score.
If your credit card application has been rejected, do not apply for credit immediately. First improve your CIBIL Score and then apply again. Bottom Line: Credit cards can have a major effect on your CIBIL score as they are the easiest credit facility available to a common man. Also these facilities can help you build a good credit score if used wisely and efficiently. Keeping a good credit score will always help in availing credit facilities with ease in the near future and will also represent a good debt to income Ratio. Additional Reading: Indusind Bank Legend Credit Card vs Pinnacle Credit Card
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Confused between HDFC Regalia credit card and SBI Prime credit card? In this article, we have compared these two credit cards on the basis of their fees and benefits. First of all, identify your needs and spending habits and then move forward to choosing the credit card that matches them the best. Keep reading to know the difference between these two credit cards.
HDFC Bank Regalia Credit Card This is one of the most popular credit cards by the HDFC Bank. You get to enjoy shopping, travel, and other benefits with the HDFC Regalia credit card. Moreover, you get a low foreign markup charge with this credit card. Here are the key features and benefits of this credit card. Joining Fee: Rs. 2,500 plus applicable taxes Renewal Fee: Rs. 2,500 plus applicable taxes Spend-Based Waiver: The renewal fee will be waived off on spending Rs. 3 lakhs in the previous year. Features and Benefits:
SBI Prime Credit Card SBI Cards offer this credit card under the premium credit cards. The SBI Prime credit card lets you enjoy golf benefits, dining benefits apart from shopping, and travel benefits. You get a gift voucher as a welcome benefit. Hereunder are the key highlights of this credit card. Joining Fee: Rs. 2,999 plus applicable taxes Renewal Fee: Rs. 2,999 plus applicable taxes Spend-Based Waiver: The renewal fee will be waived off on spending Rs. 3 lakhs in the previous year. Features and Benefits:
Bottom Line: To conclude, both credit cards fall under the premium credit cards. Both offer quite good rewards and benefits. However, the SBI Prime credit card offers slightly more benefits compared to the HDFC Regalia credit card. There is a difference between the fees but both provide you the same spend-based waiver. Also, if you have more travel requirements then go for the HDFC Regalia credit card. If not then the SBI Prime credit card will be the best option to go for. Additional Reading: HDFC Moneyback Plus Credit Card Vs Indianoil Credit Card SBI Cards is a leading credit card issuer that offers a wide range of credit cards from entry-level credit cards to super-premium credit cards. SBI credit cards have the lowest interest rates among all the competitors. You can never be disappointed in getting a SBI credit card. Identify your needs and spending habits and then compare SBI Credit Cards in order to find the right credit card for yourself. In this article, we have covered the top 5 credit cards by SBI in India that you can consider applying for. Keep reading to kick start your research.
SBI SimplySAVE Credit Card This card is an entry-level credit card and can be availed of at Rs. 499 plus applicable taxes. The SBI SimplySAVE credit card is best suited for shopping. You get to earn 10x reward points on every Rs. 100 spent on dining, movies, groceries, and departmental store purchases. While on other spendings you earn 1 earn reward point. As a welcome benefit, the credit cardholder gets 2,000 bonus reward points worth Rs. 500 on spending Rs. 2,000 within 60 days of receiving the card. SBI Aurum Credit Card This is a super-premium credit card and it can only be availed through an invite. SBI Cards send the invite to selected customers only. The SBI Aurum credit card is best suited for movies, travel, dining, and shopping. As a welcome benefit, the credit cardholder gets 40,000 bonus reward points and complimentary memberships to various platforms. You get to earn 4 reward points on every Rs. 100 spent using this credit card. You can enjoy 4 complimentary domestic lounge access every year and unlimited complimentary international lounge access every year with the Dream folks lounge program membership. Apart from this the credit cardholder also gets to enjoy 4 complimentary movie tickets from BookMyShow. SBI Card Pulse This is a mid-level credit card and it’s a newly launched credit card. You can vouch for the SBI Card Pulse at Rs. 1,499 plus applicable taxes. With this credit card, you get to enjoy not only shopping benefits but travel benefits as well. You get to earn 10 reward points on every Rs. 100 spent on health-related categories, dining, and movies. Whereas on other spends using this credit card lets you earn 2 reward points. You get to enjoy 2 domestic lounge access every quarter with this credit card. You get welcome benefits and insurance benefits as well on this credit card. SBI Elite Credit Card This one is a premium credit card offered by the SBI Cards. You can avail of this credit card at Rs. 4,999. The SBI Elite card welcomes you with a gift voucher worth Rs. 5,000 as a welcome benefit. You can earn 5x reward points on every Rs. 100 spent on dining, departmental stores, and grocery spending, and on all other categories you earn 2 reward points except on fuel transactions. You can enjoy 2 complimentary domestic lounge access and 6 complimentary international lounge access with the Priority Pass program every year. Apart from this you also get to enjoy movie and dining benefits along with insurance benefits. SBI SimplyCLICK Credit Card Another entry-level credit card offered by SBI Cards can be availed at Rs. 499 plus applicable taxes. The SBI SimplyCLICK credit card welcomes you with a welcome benefit of an Amazon gift voucher worth Rs. 500. With this card, you get to earn 10x reward points on every Rs. 100 spent at partner merchants like Amazon, BookMyShow, Apollo24x7, etc. Using this card for online purchases entitles you to 5x reward points and for offline purchases, you get 1 reward point. Learn detailed review about SimplyClick credit card here. Looking for an IndusInd Bank credit card to meet your shopping and travel requirements? In this article, we have covered the IndusInd Bank Legend credit card and Pinnacle credit card for your reference. Hereunder are the key features and highlights of these two credit cards that you must know before applying for a credit card. Both IndusInd credit cards fall under the premium credit card list and strive to provide a rewarding experience. Keep reading to kick start your research.
IndusInd Bank Legend Credit Card This credit card is perfect for shopping and travel benefits. Also, you can enjoy the low foreign markup charges on the IndusInd Bank Legend Credit Card. Here are some of the prominent features and benefits of this credit card. Joining Fee: Rs. 9,999 + applicable taxes Renewal Fee: Nil Spend-Based Waiver: Nil Features & Benefits:
IndusInd Bank Pinnacle Credit Card This is the super-premium credit card ideal for the shopping and travel categories. The IndusInd Bank Pinnacle credit card lets you enjoy welcome benefits, complimentary golf lessons, etc. along with the shopping and travel benefits. Here are the key highlights of this credit card. Joining Fee: Rs. 12,999 + applicable taxes Renewal Fee: Nil Spend-Based Waiver: Nil Features & Benefits:
Bottom Line: To conclude, after comparing both credit cards’ features and benefits we can say that the IndusInd Bank Legend credit card is better than the IndusInd Bank Pinnacle credit card. As its membership fees are less and offer a quite decent reward moreover you get to enjoy a low foreign markup fee as well. Identify your needs and spending habits and then accordingly choose the one which fits them well. Additional Reading - HDFC Moneyback Plus Credit Card Vs Indianoil Credit Card SBI is one of the leading credit card issuers and offers a wide range of credit cards to its customers. The most credit cards offered by it are SBI ELITE Credit Card and SBI SimplyCLICK Credit Card. we have laid down the comparison between these two credit cards with their features and benefits so that you can choose the right credit card for yourself. Keep reading to kick start your research.
HDFC Moneyback plus credit card and IndianOil HDFC Credit card, both hold immense importance for a distinct set of card users. Both the cards provide a number of utilities and have several points of distinction that we will come to know when we will compare hdfc credit cards on several bases.
Let us distinguish hdfc moneyback plus credit card vs IndianOil credit card to learn more about their different utilities: Joining Fee: HDFC Moneyback Plus Credit Card: Rs. 500/- + Applicable Charges *Renewal fee waived off on spending Rs. 50,000 or more in the previous year. IndianOil hdfc credit card: Rs. 500/- + Applicable Charges *Renewal fee waived off on spending Rs. 50,000 or more in the previous year. Eligibility: HDFC Moneyback Plus Credit Card: Monthly income > Rs. 20,000 (for salaried Indian Nationals), Annual Income > Rs. 6 lakhs (for self-employed Indian Nationals) IndianOil hdfc credit card: Monthly income > Rs. 10,000 (for salaried Indian Nationals), Annual Income > Rs. 6 lakhs (for self-employed Indian Nationals) Welcome Benefits: HDFC MoneyBack Plus Credit Card: 500 cash points on joining the card. IndianOil hdfc credit card: Complimentary IndianOil XTRA REWARDS Program (IXRP) membership Key Benefits: HDFC Moneyback Plus Credit Card: The HDFC Moneyback plus Credit Card Comes with the following Key benefits:
IndianOil HDFC Credit Card: With IndianOil HDFC Credit Card, you get:
Additional Benefits: HDFC Moneyback Plus Credit Card: Along with the above given key benefits, here are some of the additional benefits provided by the credit card:
IndianOil HDFC Credit Card:Along with the above given key benefits, here are some of the additional benefits provided by the credit card:
Rewards & Redemption Policy: HDFC Moneyback Plus Credit Card: Here’s all you need to know about the rewards and redemption policy:
IndianOil HDFC Credit Card: Here’s all you need to know about the rewards and redemption policy of IndianOil HDFC Credit Card:
Additional Reading - Reasons why you should get an HDFC Bank Credit Card Applying for Credit cards is much more hassle-free now than it was back in the day. With emerging technologies and rapid digitalization, almost all things can be done online. Nowadays almost all credit card issuers accept online applications for the card.
With Axis Bank Flipkart Credit Card, individuals can enjoy shopping and travel on a budget. The card gives several cashback benefits like 5% cashback on Flipkart & Myntra, and 4% cashback on other preferred merchants. All these benefits entice more and more people to apply for this credit card. The Application process of Axis Bank Flipkart credit card is very simple and it can be applied online as well as offline as well. In this article, let us see how to get Flipkart Axis Bank Credit Card Online: Steps to follow to apply for Axis Bank Flipkart Credit Card:Step 1: Go to www.axisbank.com → Explore Products → Cards → Credit Cards. Step 2: Find the Flipkart Axis Bank Credit Card. Click on Apply Now. Step 3: Answer “if you are an existing customer of the bank or not”. Step 4: If yes, fill in your personal details and Customer ID for the bank to check your eligibility. If No, Fill in your details to get started. Step 5: Fill up the following required online forms with your accurate details. Step 6: Go through the terms and conditions thoroughly and accept them Step 7: Finally submit the application. After you will apply finally, the bank will conduct a background check to ascertain your credit score and eligibility. If everything is okay and you are eligible then a representative of the bank will get in touch with you for further verification. After all these procedures are done, you will receive your Axis Bank Flipkart Credit Card at your registered address. Supporting Details:After getting acquainted with how to get Flipkart Axis Bank Credit Card online, you should also know about some of the supporting details that will help you with your online application: Application fees:
Eligibility:
Documentation Required: To apply for Flipkart Axis Bank Credit Card, you are required to have the following documents:
HDFC is one of the best Credit Card providing companies. With the company's custom plans and exclusive platforms to aid their card users, the overall experience is smooth and delightful as claimed by many existing users in their reviews.
Here are some of the top reasons why you should get an HDFC Bank Credit Card: #1: Attractive Reward Program: HDFC Provides attractive reward programs for their customers. Earn up to 4 Reward Points on every Rs. 150 spent which can be easily redeemed for flights, hotel bookings, vouchers and coupons, etc to help you save more! #2: Provides you with several categorical options: HDFC Credit cards have many categorical options for their card users, here are some of those categories mentioned along with certain HDFC Cards:
#3: Credit card of the modern era: HDFC never stays behind in the race of trends. It keeps up with the needs of modern people. With HDFC Credit Cards, you get:
#4: A card for everyone: HDFC Credit Cards have a card available for everyone. For a higher segment of the society, it has a good range of premium credit cards and for lower-income groups, they have a variety of Entry-level Credit Cards as well. #5: Supportive Customer Care: HDFC provides the luxury of good and well-trained customer care services. With the help of HDFC Credit Card Customer Care Services, you can get your queries resolved and get additional assistance 24*7. #6: Travel in style: Complimentary lounge Access, Priority Passes, complementary and discounted hotel stays and dining benefits are some of the many travel benefits one can enjoy with HDFC Credit Cards. #7: HDFC Platforms: HDFC has unique platforms developed exclusively for their customers For Example HDFC SmartBuy where HDFC Cardholders can bag up some extra discounts and savings with designated brands. #8: Extraordinary coverages: Accidental air coverage, overseas hospital coverage, fire and burglary coverages, etc. are some of the many extraordinary coverages one can enjoy using HDFC Credit Cards. Additional Reading - Tips To Maximize Benefits Of Credit Cards Millennials and their consumption habits certainly can use the benefits of a good Credit Card that are compatible with their needs. Whether it is online shopping we are talking about or following a new trend, from clothing to cutting edge technology, their wants and needs are on a constant high.
Luckily for them, among the wide range of HDFC Credit Cards, there is one for millennials too! The HDFC Millennia Credit Card understands the spending habits of a millennial and strives towards assisting them in their spending to its fullest. Here are some top reasons why you should get yourself an HDFC millennia credit card:
With the plethora of benefits it offers, it is wise to go for HDFC Millenia Card if it goes in sync with your spending habits. Hereunder stated is the eligibility criteria for the same: Eligibility for HDFC Millennia Credit Card *For Salaried Indian Nationals: Minimum age: 21 years Maximum age: 40 years Gross monthly income > Rs. 35,000 *For Self-Employed Indian Nationals: Minimum age: 21 years Maximum age: 40 years Income: ITR > ₹6.0 Lakhs per annum Fees & Charges: Joining Fee: Rs. 1000/- + Applicable Taxes Yes, credit cards, many people don’t think of them as useful as they are. But if you know how to use them, they can be really useful tools. Spending carelessly through your credit can put you in a lot of debt, and it can ruin your credit card by causing a nuisance. Credit cards always offers their best privileges and rewards to their users. But those privileges are hard to get because of the lack of credit card knowledge. There are many of us who don’t know how to use credit card and enjoy its convenience and privileges. But if you want to enjoy those offers, then let me tell you it is not that hard, you just need to have some knowledge about credit card to get its benefits. So here are some of the ways you should be aware of to avail the privileges and convenience offered by credit card.
Additional Reading - How to use a credit card responsibly |
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