How to Compare Credit Cards and Apply Online?

 The credit card industry in India is booming with several innovative products. With several new players arriving in the market, the industry is set to grow at a CAGR of 25% by 2025.

Nevertheless, one must consider carefully before picking credit cards, being mindful of all its features and benefits. After comparing the credit cards, it is easy to determine which of them suits your needs best.

Here are some factors that you need to check during credit card comparison -

• Compare eligibility — Different cards have different eligibility criteria associated with them. One must eliminate the cards for which he/she does not qualify. This should drastically reduce the number of cards to compare.
• Credit limit — This refers to the maximum amount that one can spend using a credit card. Higher limits are preferred since such cards allow you to spend more without limitations. Thus, you must compare the credit limits on offer from various companies.
• Card charges — Apart from the joining fee, annual fees, and other charges are also applicable on some credit cards. Furthermore, the interest rate on your preferred card should also be a factor of comparison since there may be cards that charge you substantially less.
• Reward point earnings — Credit cards come with a reward point program. You can redeem the accumulated points to save on purchases. Compare the reward point program, as well as additional savings options that your card offers.

The Bajaj Finserv RBL Bank SuperCard, for instance, offers up to Rs.55,000 yearly savings to eligible cardholders.

Today, an online credit card application is the preferred mode to avail of such cards. One can simply visit the credit issuer’s website and choose a suitable card from there. After filling up a short application form and submitting the documents, you are ready to send your application on the way.

Source URL

https://gadgetsupdates.medium.com/how-to-compare-credit-cards-and-apply-online-4d28bda4d8c2