Compare Credit Card Offers from Top Banks in India
Why to Apply for a Credit Card Online from Rubique?
We have partnered with leading banks and issuers to provide you a comprehensive range of credit cards online. Offers are displayed sequentially to help you compare key features like interest rates, annual fees, rewards and perks. So you can make an informed decision.
Once you have compared and found the card that is best suited to your requirements, you need to fill an online credit card application form. Our direct integrations with banks and issuers guarantee you an approval within 60 seconds. If you choose a card with which we don't have a direct integration, one of our experts will call you within 4 working hours and process your application.
Our goal is to provide you a platform that simplifies and optimizes the process of acquiring a credit card online in India.
All about Credit Cards - FAQ Section
How different is a credit card from a debit card?
Both cards help to simplify the way you shop.
A debit card is linked to your savings account, so when you use it to purchase items or pay bills, your bank account is instantaneously debited to the extent of the amount paid.
On the other hand, a credit card allows you credit during purchase. In simple words, it means you buy now and pay later. The number of days for which you can get interest-free credit ranges from 20 to 50 days.
What are the advantages of using a credit card?
If you use your credit card sensibly, you can plan your finances wisely and avail the following advantages:
Paying your dues within the stipulated time helps you build your credit score
Credit card providers offer reward programs, wherein you earn reward points, cash back, and discount at merchant’s POS on purchase
Visa and MasterCard extend purchase protection and also safeguard your card in the event of a fraud
You can choose to pay your dues entirely in one go or distribute them after paying the minimum amount due every month
What are the different types of credit cards?
Various credit cards are available to suit your need and lifestyle. Choose wisely by comparing and selecting the right one here.
The various types of credit cards available are:
Airline Credit Cards, Lifestyle Credit Cards, Shopping Credit Cards, Cashback Credit Cards, Fuel Credit Cards, Co-branded Credit Cards
How many types of cards can I choose from?
There are essentially three types (schemes) of cards available - Visa, MasterCard and American Express. Issuing banks provide these cards to the customer.
Both Visa and MasterCard are popular and accepted across the globe.
What is Platinum, Gold, Silver or Classic/Executive card?
These are terms used by issuing banks to distinguish between the card variants. The features and offers on every card segment are different.
What are the eligibility norms to get a credit card?
You have to be at least 21 years of age and below the age of 65. It is also essential to have a good credit rating.
Credit card issuing banks have a minimum income level requirement which serves as a preliminary qualifying point while applying for a card. This requirement varies from bank to bank, depending upon your choice of card and your risk profile.
How much does it cost to own a credit card?
The basic cost involved in applying for a card is a joining fee, which varies from bank to bank, and depends on the type of card you have applied for. Annual fees, if any, again vary from bank to bank. They fall in the range of Rs 400 to Rs 5000, depending upon the card type and variant.
Are there advantages in paying through a credit card even if I have cash I can spare?
With a credit card, you can delay actual payment of the bill by up to 50 days, thus cash need not be used during purchase. Additionally, you may also earn reward or mile points against your purchases. These reward or mile points can be used against gift vouchers, purchases or travel.
Where can I use my credit card?
You can use it to buy merchandise from any merchants accepting Visa/ MasterCard or American Express cards. Credit cards can also be used online to purchase products and services from e-commerce websites.
Besides swiping the card to pay, you can also use it to borrow funds from an ATM.
What is a credit limit?
It defines your ability to spend using the card. This is determined by your income, credit score and other parameters defined by the bank.
Credit limit is dynamic, and banks review this limit periodically. It is either increased or decreased depending on your spending and payment patterns.
What are the different online and offline modes available credit card bill payments?
Banks offer various modes for making your monthly payments. You can deposit cash or a cheque at the bank’s branch; use internet transfer, NEFT, IMPS or any other format provided by the bank.
What if I default on my payment?
Firstly, you will be levied a fee for late payment.
Secondly, all your loan transactions and credit card payments / defaults are collected by Credit Information Bureau of India Ltd (CIBIL). Defaulting on a loan or credit card will show up poorly on your credit history. This could pose a problem when applying for a loan in the future.
Can I use my card when I travel abroad?
Yes, you can but it is advisable to keep track of the forex rate as you use the card internationally.
How can I apply for a credit card?
You can do it online or by contacting our call centre
If you apply online by filling in a brief form, you will get an in-principle approval on your query because we have partnered with several banks. This ensures faster turnaround time for your requirement.
Our unique matchmaking algorithm ensures we match your requirement with the available options and share the result.
One of our experts will contact you to provide information about available options and process your application. We will also arrange to get your documents and other paperwork picked up from you.
If speaking to someone makes it’s easier for you, you can contact us at 1800-266-0299. One of our experts will contact you to provide information about available options and process your application.
One of our experts will get in touch with you to pick up your documents and complete the required paper work
How much does it cost to own a credit card?
Other fees that should be kept in mind are – late payment, duplicate statement, cash withdrawal, cheque return charges, over-limit, etc.
What is a Credit Card?
A credit card is a card allotted by a financial company giving the possessor an option to obtain funds, generally at point of sale. All credit cards levy a certain interest rate and are predominantly used for short-term financing. Interest generally commences one month after a purchase is made, and borrowing limits are predetermined according to the person’s credit rating.
Understanding credit card numbers
Contrary to popular belief, a credit card number is not a random string of 16 digits, as every digit serves a certain purpose. The first digit of the card signifies the category of industry that allotted your credit card. American Express is in the travel category and cards issued by them have ‘3’ as the first digit. If you have MasterCard or VISA, your card’s first digit will be either ‘4’ or ‘5’ as they are from the banking and financial industry.
Features of Credit cards
The features of credit cards are –
- It’s an alternative to cash
- There’s a credit limit
- Aids payment in foreign and domestic currency
- Keeps record of all transactions
- Regular charges
- There’s a grace period
- Higher fees on cash withdrawals
- Bonus and reward points
- Gifts and additional offers
Benefits of using a credit card
Following are the benefits of using a credit card –
- Cash back offers on monthly bills, grocery shopping and more
- Reward points on purchases above a certain amount, which can then be utilized to purchase gifts
- You can convert big purchases into monthly EMIs using your credit card
- Grace period - where you can defer your payments till your bill is due
- Credit cards are safer than debit cards with payment gateways offering added security while transacting online
Documents required to apply for a credit card online
Documents required are as follows –
- Letter from the IT department/ Pan Card copy
- Identity proof – Pan Card, Driving License, Passport or Voter ID
- Address proof – Electricity bill, Phone bill, Ration card, Rent agreement or Flat maintenance bill
How to Calculate EMI for Credit Cards?
Nearly all of the credit card companies provide with two variants of the EMI option – one is a low interest rate EMI and the other is a free, zero interest rate EMI. The word low is used here as it is lesser than the late payment interest rates that you would’ve paid usually in case of the non-EMI option.
You can calculate the EMI and check out the monthly repayment schedule using online calculators that are available on the bank’s website. These calculators provide you with an exact amount taking into consideration the interest rate as well.
What is credit card interest rate and how is it calculated?
Your credit card purchases are subjected to a normal interest rate called the Annual Percentage Rate (APR). This number varies from card-to-card and person-to-person based on aspects such as credit scores, type of lender and type of card.
Lower credit scores generally mean higher interest rates; travel and reward credit cards are more inclined to have higher APR’s, while low interest and balance transfer cards have, well, low interest rates.
Reasons You Urgently Need Credit Cards in India
In this digital age, a credit card provides you with several benefits like strong buyer protection, Interest free credit period, rewards, cash back, air miles and the primary benefit of a cashless transaction. Credit cards were widely utilized in the recent demonetization phase which was implemented by the Prime Minister of India. During this period there was a shortage of cash and credit cards came to the rescue. In addition, it’s useful to have credit cards as India is undergoing a massive digital makeover and also there are several perks attached to cashless transactions.
Do credit cards come with specific cash withdrawal limits?
The cash withdrawal limit is disclosed to you at the time of delivery of your card. However, it is not advisable to use your credit card for cash withdrawals as along with interest they are also charged with a withdrawal fee.