How to Get a Credit Card With The Most Up-To-Date Features?

How to Get a Credit Card With The Most Up-To-Date Features?

Written by Moli Mishra, In finance, Updated On
April 28th, 2024

Credit cards have a lot of varieties; hence, it may be tough to choose one card. Here is a list of various kinds of credit cards and how to get the best credit card. 

Different kinds of credit cards

  1. Lifestyle Cards – These cards usually have a high joining fee and annual fee, but they also have many privileges. However, some banks offer lifestyle cards to individuals with minimal income, and they have zero or low annual fees. 
  2. Shopping Cards—These cards are usually affordable and have an annual fee of Rs. 499. They typically have many benefits, such as reward points, welcome gifts, discounts, and deals, and are more focused on shopping. 
  3. Rewards Cards—These cards offer many rewards in most spending categories. You may have many redemption options, from cashback to air miles to gifts. 
  4. Fuel Cards—These cards offer reward points for fuel surcharge facilities, fuel spending, and redemption of reward points against fuel purchases. They also have value-back advantages that let users monitor their fuel costs. 
  5. Travel Cards—These cards often only offer air travel offers. They are ideal for people who travel a lot. Their services and features mainly focus on air travel. 
  6. Cashback Cards—You can earn cash rebates, cashback, and other monetary benefits when you use this card to make purchases. 

Which credit card should you get?

Are you wondering how to get a credit card that is ideal for you? Continue reading what different cards offer and choose according to what appeals to you the most-

  1. Reward Type- Credit cards often offer reward points, air miles, and cashback rewards. 
  2. Spending Pattern – It is essential to understand your spending pattern when choosing a credit card. 
  3. Credit Card Offers—Some credit cards offer amazing discounts and offers on particular websites or in certain stores. If you use some stores or sites more than others, it is good to get these cards. 
  4. Charges—Before you apply for a card, you can compare the charges, fees, and interest rates. 
  5. Payment Choices– Most cards allow you to make payments using multiple methods. 
  6. Welcome gift or bonus– Some issuers offer new applicants joining bonuses and welcome gifts. Gifts could be anything from miles and bonus points to the latest gadget. 
Also Read -   How Do You Maximize Tax Deductions As a Small Business in Canada?

Using a credit card

Here are some ways how you can use your credit card- 

  1. Convert your bill payments into EMIs

One of the most popular uses of credit cards is to convert bills into EMIs and then repay them as and when you can. 

  1. Use the correct card in the proper store.

If you own multiple cards, use the one with the most benefits at particular stores or websites.

  1. Reward points

Banks let card users redeem their credit card reward points to obtain discounts on flight tickets, hotel bookings, etc. 

  1. Online payments

Credit cards often offer multiplied reward points for online purchases. 

  1. Personal loan in case of emergencies

Many card issuers will let you take a loan against your credit card. You can convert your unutilized limit into a loan at a nominal interest rate. 

Apply for a credit card with Bajaj Finserv

Bajaj Finserv offers a complete application process. You can look through 17 credit cards and apply for the one that best suits your needs. You can even compare the credit cards. Bajaj Finserv has a simple credit card application process and offers a representative to guide you during your documentation and application process. I hope this article answers all your questions about getting a credit card that suits you.

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