Apply Online And Choose The Best Credit Card

By Author: Andy Smith
Total Articles: 13
Comment this article

Credit cards have been one of the most popular forms of plastic money today. A credit card can be a life saver when one runs out of money or is in urgent need of money. These cards work, by a bank offering credit to the person and the person can repay the amount in 45 days.

Credit cards offer freedom against carrying cash every time. Loss or theft of cash is one of the biggest concerns that people face when carrying cash. But a credit card is a simple card that one can be stored safely. It is generally used to buy goods and services on a daily basis. Credit card India services are being preferred by many people today, majorly because of the credit period that they enjoy on their respective credit cards. This makes it easy for the card holder to repay the full amount at convenience. Usually, 45 days of credit period is offered by most banks.

All commercial banks offer credit cards to their customers. But one needs to look for certain features and advantages that are offered in different banks before choosing the best credit card.

With retail financial services being offered online today by ...
... companies such as Policy Bazaar, it is very easy to apply for the credit card online. One can compare card services and their features from different banks and can choose the best credit card.

While issuing credit cards, the banks ensure that the customer is eligible for issuing a credit card India. A bank does this, by looking at the credit history of the person, in its own bank and other banks. Selecting the best credit card is also very important because, many a times, people end up with cards that levy charges every now and then.

Some of the features to consider during credit card compare are

APR or the Annual Percentage Rate: APR or Annual Percentage Rate is the amount of interest that is levied on the card holder for the balances and annual transfers. Some banks charge more APR in comparison to others. People applying for credit card India should look for the lowest APR possible to avoid unnecessary interest payments to banks.

Credit Limit: Credit limit is one of the most important features, that one should look for in a credit card. Credit limit is the maximum amount that one can borrow from the bank. Usually, credit limit offered for low-end cards is Rs. 25000 and the maximum credit limit can reach lakhs of Rupees. Credit limit is determined while ensuring the eligibility of the person.

Ensuring Grace Period time: Grace Period is the time that is offered to the card holder to repay the full amount to the bank. In some banks, the grace period is longer, usually 45 days to 55 days in comparison to other banks which offer a grace period of 30 days to the maximum.

Annual charges, if any: Some banks also charge annual fees. These annual fees can range depending upon the credit limit of the card. Other banks do not charge any annual fees. While credit card compare, checking for annual fees is also very essential to avoid extra expenses.

These are some of the features that one needs to look while a credit card compare.