Which credit card is more beneficial in India?
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Which credit card is more beneficial in India?
List of 10 Best Credit Cards in India for 2021
| Top 10 Credit Cards | Annual Fee* | Best Suited For |
|---|---|---|
| HDFC Regalia Credit Card | Rs. 2,500 | Travel & Shopping |
| Flipkart Axis Bank Credit Card | Rs. 500 | Online Shopping |
| Amazon Pay ICICI Credit Card | Nil | Online Shopping & Cashback |
| Citi PremierMiles Credit Card | Rs. 3,000 | Air Miles |
What is the rate of interest on credit card in India?
Interest Rates on Top Credit Cards in India
| Credit Card | Interest Rate per month | Annual Percentage Rate (APR) |
|---|---|---|
| SBI Card PRIME | 3.35\% | 40.2\% |
| ICICI Bank Platinum Chip Credit Card | 3.40\% | 40.8\% |
| American Express Platinum Reserve Credit Card | 3.5\% | 42\% |
| HDFC Regalia First Credit Card | 3.49\% | 41.88\% |
Is it bad to have too many credit cards India?
Disadvantages of Having Multiple Credit Cards Difficult to manage: Having more than one card means keeping track of each billing cycle, credit limit and payment due date. This can get overwhelming and missing even a single payment due date can have an affect on credit scores.
What are the weaknesses of using credit card for online purchase?
9 disadvantages of using a credit card
- Paying high rates of interest. If you carry a balance from month-to-month, you’ll pay interest charges.
- Credit damage.
- Credit card fraud.
- Cash advance fees and rates.
- Annual fees.
- Credit card surcharges.
- Other fees can quickly add up.
- Overspending.
How many credit cards can a person legally carry?
The bottom line: In terms of the number of credit cards you can get, there is no maximum. A particular issuer might cap the amount of credit you can have, but the number of cards isn’t a problem. Just be sure to set you own limits to stay on the straight and narrow with your credit score.
Is credit card beneficial or not?
The biggest advantage of a credit card is its easy access to credit. Credit cards function on a deferred payment basis, which means you get to use your card now and pay for your purchases later. The money used does not go out of your account, thus not denting your bank balance every time you swipe.
Do Indian credit cards work abroad?
If you are using your Indian credit card for cash withdrawal overseas, then it is obviously going to cost you more. Every time you withdraw cash using your Indian credit card in a foreign country, a fee of 1\% to 4\% will be charged.
Can I use my Indian credit card in the USA?
When you are a student in the USA or you are visiting the USA for fun or business there might be situations wherein you have to use your Indian Credit Card for meeting your everyday expenses. In a cashless economy like the USA, you can entirely depend upon your credit card for anything and everything you want.
What are the benefits of a credit card in India?
Credit card companies provide you with certain Cashback and reward points based on your card benefits on almost every purchase you make. Typically, you can save anywhere between 0.25\% to 3.3\% on all your expenses, which means, for every Rs.100 you spend, you can save upto Rs.3.30.
Which is the best travel credit card in India?
Citi PremierMiles is among the Best Travel Credit Cards in India. Those who don’t mind shelling some money on their credit card fee in exchange for exclusive travel benefits like air miles on every spend, lounge access, discounts and other travel deals can apply for Citi PremierMiles Credit Card.
What are the advantages and disadvantages of a credit card?
If you’re new to the world of credit, here’s a list of the advantages and the disadvantages associated with your little plastic card. 1. Easy access to credit: The biggest advantage of a credit card is its easy access to credit.