How to choose the best credit card offer?

Posted by Sharib Mirza on July 11th, 2016

Everyone wants to live a lavish life. At times, people may run short of cash and utilize credit cards to purchase goods. Until a few years ago, Indian consumer didn’t have a flexible range of choice to choose a card from. But now  banks have come up with a host of features like low interest credit cards, cash back credit cards, rewards and airline credit cards just to name a few. All these credit cards sound exciting, but while choosing there is always a confusion in our minds which is the best credit card offers to choose from.

Firstly, people should be aware that credit cards are a handy way to make payments and keep a record of your purchases. All you need to do is just use  your credit card online or swipe at any retail outlet and you’re done with it. A monthly bill cycle is allocated under which your bill is generated and within a specific due date you have to pay the card bills via cheque, or net banking. You can also pay utility bills, insurance premiums, mobile phone bills, petrol or diesel payments, etc. using these cards.

So, every individual’s needs are unique and one card won’t fit the every need of a person. There can’t be a specific formula to apply for cards. Therefore, credit card companies come  up with so many choices. So, if you’re a frequent traveler with your car you would love to avail credit card offers who have tie-ups with petroleum products and give good discount on petrol or diesel refilling, if you’re shopaholic you need cards with good cashback offers, alternatively, if you travel via flights for business deals or promotion, you may want to consider one of those co-branded airline credit cards that offer you travel discounts on airline. Every time you purchase goods on the cards you collect rewards points which you can redeem for money or shopping discounts. Also, these points could get you well on your way to a free flight or discounts at golf clubs, hotels accommodation, recharge discounts, etc.

For people who aspire for more rewards and convenience in every walk of life, there are cards specially designed to provide you best-in-class privileges in traveling, dining, lifestyle and to meet your other aspirational needs. These card bring you unparalleled discounts and offer to suit your lifestyle and preferences both in India and abroad.

Some banks offer cards with no joining or annual fee credit card offers so it’s a kudos to multiple credit card owners.  While choosing a card you need to determine- why do I  need a credit card? What am I going to use it for? Will I be able to pay these bills on time? What offers can I redem to curb the expense?

Most of the credit card companies have come up with exclusive credit card offers for  woman, business travelers, and shoppers as well.  Some of the popular cards are: shopping card, airline miles credit cards, cash back credit cards, low interest rate credit cards, no annual fee credit cards, etc. Even if you hold a card, it’s always exciting to look out for new offers. Especially, when you have a good credit record, banks are happy to offer you exciting deals. It is advisable to read the fine print before you accept any credit card, banks offer a lot of features that sound exciting, but there are a string of clauses and terms attached to it.

Source: http://youknowitbaby.com/article/12639/how_to_choose_the_best_credit_card_offer.html

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Sharib Mirza

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Sharib Mirza
Joined: July 1st, 2016
Articles Posted: 19

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