Tips For Zeroing In On The Perfect Credit Card For You

By Medha Roy Chowdhury | November 22, 2019
Looking for a Credit Card that suits your needs? Don’t worry! We’re here to help you choose wisely.

Are you planning to get a Credit Card? If you have it all figured out, that’s great! But, in case you’re still confused about which one to opt for, don’t worry. You just need to keep a couple of things in mind before making a choice. We’ll tell you everything you need to know.

Credit Cards come with a bunch of rewards and perks. While picking a Credit Card, the first thing to do is to check if the card that you are interested in fits your requirements. Let’s assume that you prefer making online purchases instead of having to physically step into a store. If that is the case, then having the right Credit Card can come in handy.

While shopping online, we know you can use the ‘Cash on delivery’ option as well, but using a Credit Card will fetch you big savings and better offers. In fact, using a Credit Card can often land you good discounts on a range of products. So, if rewards on online shopping tops the list of your requirements from a Credit Card, then a cashback Credit Card is the way to go.

One of the top reasons that make Credit Cards a popular choice is that it gives you a lot of rewards and discounts. Depending on the type of card you’ve opted for, you can get cash back, free access to airport lounges, frequent flier miles, fuel surcharge waiver and much more. How cool is that?

Additional Reading: Must Know: Credit Card Application And Approval Process

Now, let’s tell you how to look for the right Credit Card depending your purpose or use.

Travel Credit Card

Are you a frequent traveller? Whether on a business trip or for pleasure, do you fly often? If you do, then we recommend that you have a travel Credit Card in your kitty.

Why get a Travel Credit Card? These are specially designed to help avid travellers get discounts on flight tickets and on hotel bookings. Using the card for booking tickets and hotel rooms can get you handsome seasonal discounts.

Besides fee waiver, you can enjoy perks such as bonus airline miles, priority check-in, extra baggage allowance, complimentary lounge access, and free travel insurance. The best part is that you can redeem your accumulated airline miles for free or discounted flight tickets!

Additional ReadingEverything You Need To Know About Airline Credit Cards

Shopping Credit Card – Rewards & Cashback

Credit Cards meant for shopping are mainly of two types—Cashback Cards and Reward Cards. Rewards Credit Cards help card holders accumulate reward points every time a purchase is made using the card. These points can then be redeemed for future purchases.

Cashback Cards offer upfront cash back for each buy, just like retailer discounts. Moreover, these cards can be used for online purchases as well as bill payments.

Online shopping websites also collaborate with Credit Card companies to offer card holders exclusive cashback offers and discounts on select spends on various products and services, over and above the discounted price of online shopping.

Additional ReadingGet The Right Card For Your Lifestyle

Fuel Credit Card

If you ride or drive a lot, even a penny saved on fuel can be a big relief. So, next time when you pay for fuel, do it with a Fuel Credit Card to accumulate points on fuel purchase. Some fuel cards even offer upfront cashback. In addition to being able to earn free fuel every year, most Fuel Credit Cards also waive the fuel surcharge at fuel stations across India. Quite cool, isn’t it?

Additional Reading: The Best Credit Card For Each Income Group

Specialty Credit Cards        

Specialty Credit Cards are exclusively designed for certain specific purposes. These cards include women-centric Credit Cards, student Credit Cards, and other lifestyle Credit Cards that are customised for a specific set of users. For instance, student Credit Cards are specifically designed for college students or young adults who often have little or no credit history.

The best way to go away about picking the right Credit Card is to narrow your choices by identifying your needs and checking to see which card fits that need. For instance, if saving on interest or debt repayment is on your mind a low-interest Credit Card with balance transfer facility is the way to go! However, it’s important to bear in mind that low-interest Credit Cards may be difficult to find if you have a below-average or poor Credit Score. Before applying for a Credit Card, it’s always wise to check your Credit Score. If you haven’t checked your score in a while, now is a good time! Click to check your FREE Experian Credit Score in less than 3 minutes!

Additional ReadingDifferent Types Of Credit Cards

Now that you know everything about different types of Credit Cards, you can choose depending on your lifestyle, needs and preferences. Whatever your need may be, there’s a plastic soulmate for you. Click the link below to check out your options.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
Share this :
Category: Credit Cards
Medha Roy Chowdhury

About Medha Roy Chowdhury

Square peg in a round hole, Medha reads whenever she gets the chance to. She is happiest when travelling and dreads having to choose between the hills and the sea. Dog lover at heart, she is in pursuit of adopting a few canine friends someday. Weird as it may be, she bakes when stressed. Previously a Market Research Editor by profession, she takes a keen interest in finance. When she is not reading, you’re sure to find her with her ukulele.

Leave a Reply

Your email address will not be published. Required fields are marked *