Credit Card

What is credit card?

A credit card is a credit facility to card holders' individuals which is provided by banks, that allows customers to borrow some money within a pre-approved credit limit.

Benefits of using a credit card

• Building a good credit history
• Quick cash source through 'absolute' emergencies
• No additional interest if the bill is paid on time and in full every month

Who can apply for Credit Card?

• The applicant must not be less than 18 years old.
• The minimum income salary should be between 1 to 3 lakh rupees.
• The applicant must be either salaried or self-employed.

Types of Credit Card

• Travel credit card
• Shopping credit card
• Cash back credit card
• Business credit card
• Fuel credit card