Flashback 2020: A Year of Challenges & Opportunities

By | December 28, 2020

2020 is probably the year whose end everyone is looking forward to. While this year may have given us little in terms of fond memories and fun flashbacks, at BankBazaar, things were slightly different as we broke new ground. Take a look. 

If there was a year that everyone wants to erase from their lifetime and memory, 2020 would surely be the unequivocal winner. With a raging pandemic that took away lives, jobs and our peace of mind, the year gave us little in terms of fond memories. However, for every heartbreaking story, there were stories of people beating COVID; beginning their entrepreneurial journey after losing their job; picking up new skills and hobbies, and in general, doing whatever it takes to make the most of the present circumstances.

While COVID broke the back of flourishing industries like travel and hospitality, it also landed a huge blow to the financial sector as people shied away from borrowing from banks and NBFCs. To assuage fears, the RBI allowed all lending institutions to offer a six-month moratorium to borrowers on repayment of all term loans including Credit Card dues. While governments around the world put their minds together to come up with ways they could revive a COVID-battered economy, an important development amid all this was the RBI permitting banks to onboard customers using video KYC. This paved the way for BankBazaar’s launch of contactless loans and Credit Cards this year. In doing so, BankBazaar achieved a key milestone – our vision of end-to-end contactless, paperless and digital access to credit.

With the launch of contactless loans and Credit Cards, BankBazaar aimed to meet the credit needs of those millions who in the wake of COVID had been left jobless, furloughed, or faced with a medical emergency. With a 100% contactless KYC process that we offer on Credit Cards and Personal Loans, you can bid adieu to physical meetings with bank reps and going through truckloads of paperwork. The process is simple and hassle-free: once you apply for a Credit Card of your choice online, you’ll need to complete the KYC process via e-Sign or a video call or whichever online method that your card issuer prefers. And that’s it!

Take a look at some of the contactless products we launched this year:

Credit Cards

IndusInd Bank

The best thing about IndusInd Bank Credit Cards is that they are all LIFETIME FREE only when you apply via BankBazaar. Whether it is the IndusInd Platinum Aura Edge Mastercard that gives you 4X reward points on every Rs. 100 you spend at department stores and supermarkets, and helps you save up to Rs. 2,795 every year, or the IndusInd Bank Platinum Credit Card that gives you annual savings of up to Rs. 55,526* annually as well as 1.5 reward points for every Rs. 150 spent, all these cards come with ZERO joining and annual fees. The IndusInd Bank Iconia VISA Credit Card on the other hand, is ideal for those who love shopping on weekends. The card gives you an extra 0.25 reward points for every Rs. 100 spent on weekends. Moreover, you get to choose how you’d like to redeem your rewards – for cash credit, air miles or exciting electronics/ home décor products, etc. If your shopping sprees are not restricted to weekends, then you’ll also get 0.75 reward points for every Rs. 100 spent on weekdays. Applying via BankBazaar using its proprietary industry-first video KYC technology will ensure that your IndusInd Credit Card is lifetime-free and hassle-free! Moreover, you could be pre-approved.

Apply for an IndusInd Bank Credit Card

YES Bank

YES Prosperity Rewards Plus Card: The quintessential rewards card that offers you up to 6 points for every Rs. 200 you spend on everyday purchases like groceries, supermarkets and department stores. The card comes with an annual fee waiver as well as an annual bonus of a whopping 12,000 reward points when you spend Rs. 3,60,000 every year.

Get this card.

YES Prosperity Edge: Another stellar rewards card that gives you up to 8 points for every Rs. 200 incurred on everyday spends and an annual bonus of 15,000 reward points when you spend Rs. 6,00,000 annually. This card also offers an annual fee waiver.

Get this card.

YES Premia: Besides offering up to 8 points for every Rs. 200 spent, this card gives you 25% discount at BookMyShow and 2 complimentary international lounge visits via Priority Pass Membership. So once it’s safe to travel and go to the theatres again, this card will help make these expenses pocket-friendlier.

Get this card.

YES First Preferred: An ideal travel Credit Card that you may want to keep for times when it’s safe to travel again – this card offers 16 points for every Rs. 200 you spend on bookings with travel agencies, tour operators and domestic airlines, along with 4 annual complimentary international lounge visits via Priority Pass Membership.  What’s more? You get a discount of 25% on BookMyShow and 10,000 points on your first transaction within 90 days of card activation.

Get this card.

YES Prosperity Business: Comes with dual benefits of both travel and rewards – you get 8 points for every Rs. 200 you spend on groceries, supermarkets and department stores, as well as 3 complimentary international airport lounge access every year. Moreover, you get preferential foreign currency markup of 2.50% and an annual bonus of 10,000 reward points.

Get this card.

YES First Business: This card gets you 16 points for Rs. 200 spent on travel agencies, tour operators and domestic airlines as well as on dining. You also get 6 complimentary international airport lounge visits every year along with an annual bonus of 20,000 reward points upon spends.

Get this card.

YES Prosperity Cashback Plus: A cashback Credit Card that gives you up to Rs. 4,500+ worth of cashback every year depending on spends/card usage. Up to 5% cashback on movies, groceries and bill payments via YESPayNow. As a joining perk, you get Rs. 250 cashback on spending Rs. 2,500 within 30 days of card activation.

Get this card.

YES Prosperity Cashback: Similar to the above cashback Credit Card, you get maximum cashback on groceries and movie ticket spends with this card too. In fact, you get up to Rs. 2,500+ cashback in a year depending on card usage and that too irrespective of the spend category.

Get this card.

YES First Exclusive: This card offers benefits of more than Rs. 1,30,000 in a year depending on card usage and offers up to 24 points for every Rs. 200 spent at travel agencies, tour operators, and domestic airlines. Moreover, you also get a whopping 30,000 reward points upon card renewal every year.

Get this card.

YES Prosperity Rewards: Perfect for grocery shopping and supermarket spends, this card offers 4 reward points for every Rs. 200 spent and benefits of more than Rs. 3,400 every year based on card usage.

Get this card.

Additional Reading: 10 Feature-Loaded SBI Credit Cards For You

Personal Loans

IDFC First Bank Personal Loan: You can get up to Rs. 25L Personal Loan disbursed to your account within 1 hour if you apply for this loan via a 100% online process. What’s more? You don’t need to furnish any income documents and can avail an interest rate as low as 15%. Apply for this loan

And we’ve saved the clincher for the last – you may be pre-approved for any of these Credit Cards and Personal Loan only when you apply via BankBazaar. Go ahead and click the button below to explore 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.

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