Credit Cards have given individuals a new gateway of exclusive benefits and privileges. Gone are those days when a credit card is used to be just a petty piece of plastic, now it can shower with you exclusive rewards on the daily spends made by you. And in the current times, there are several banks and financial institutions that provide credit card facilities to the customers. But the real question of which bank is best in India to get a credit card facility.
Let me tell you this straight away that there is nothing like the best bank to get a credit card because it all depends on the categories you spend on. Every individual spends on different categories in different ways. With keeping this factor in mind, the credit card from a particular bank tends to vary from one person to person. But if you are someone who is looking to get a credit card in your wallet, and struggling to get an answer of ‘Which bank is best in India to get a credit card?’, then don’t worry. In this article, we will be telling you a few factors through which you can decide which bank would be the best for you when it is about the credit card.
Factors to Look Before Opting for the Right Credit Card for you?
You can have a look at some of the important factors that you must check before opting for a credit card from any bank in India.
- Choose the Right Category you most spend on: This is the most important factor while choosing the credit card for you. Several banks offer credit cards that give exclusive privileges to customers on a particular category such as dining, fuel, travel, movies, shopping, and many more. So for example, if you are someone who loves to dine outside on weekends and even on weekdays, then instead of opting for a fuel card, a dining credit card will be perfect for you. See which is the best bank in India for service when it comes to that category and choose the most suitable card for you.
- Welcome Benefits: There are several banks that offer complimentary welcome gifts in the form of shopping vouchers as soon as you pay the joining fee. Don’t forget to look for it when you choosing the right one for you. Always choose the one which is giving you the most welcome benefits.
- Reward Points: When you use your credit cards in different transactions, it gifts you with exclusive reward points on different categories. For example, it may possible that a credit card will be giving 5x reward points on the same amount of transaction on one category while 2x on different categories. So it is important that you choose a card that can give you the most reward points on the category that you spend most. By collecting all reward points, you can redeem them later to get a range of gifts and benefits.
- Fees and Charges: To get a grip on which bank is best in India when it comes to the credit card facility, it is most important to check the joining and annual fees. Sometimes, banks waive off the joining fee on spending a particular amount in a year. Or you can opt for a lifetime free credit card if you don’t want to pay any kind of fee on your card.