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Key Highlights
Simplify your spending with Credit Cards
Earn rewards, cashbacks, and exclusive offers as you spend.
Find the perfect Credit Card to match your lifestyle.
Make digital payments easily
Guidance to find the best suitable credit cards for you.
Instant Credit Card Application
Get options from 25+ Banks/NBFCs for your Credit Cards Requirement.
Quick Approval
What is a Credit Card?
Credit Cards, often called plastic money, are a convenient alternative to cash for making financial payments both online and offline. It serves as a great financial tool to ease online transactions and keep money available with you all the time.
Credit cards come with two primary benefits.Firstly, the ability to spend more money than your Bank Account Balance at a given point of time (given that you pay your Credit Cards Bills on time). And secondly, the joy of getting rewards, cashback, and exclusive discounts as you spend.
Credit Cards transactions don't involve any extra cost as long as you are paying back your dues on time. To make the most of credit cards, it is important to find one that suits your lifestyle, spending patterns, and needs.
- Interest-Free Credit up to 45 days – Credit Card users can avail funds up an above their bank balance to their credit limit for a good 45 days without having to pay any extra interest cost.
- Rewards and Benefits – From airport lounge access, insurance covers, online discounts, cashback, and special rewards – Credit Cards come with a host of benefits that makes your spending smart.
- Digital Empowerment – With credit cards, you don't have to carry hard cash with you all the time. You can make an online payment anytime and anywhere.
- Hassle-Free Transactions – You can make both online and offline transactions directly from your Bank account without any hassle.
- Big-ticket Purchases – When buying expensive products/services you can pay later in EMIs.
- Safe And Secure – With OTP and PIN authentication processes your credit card is always safe to use.
- Credit Score – Not many people know that banks consider Credit Card repayment history as a good measure to calculate your credit score. It can improve your chances of getting loans easily.
Types of Credit Cards
Banks/NBFCs today offer credit cards in over hundreds, probably thousands, of choices spread across different categories and benefits. Some of the popular Credit Cards types include:
- Shopping Credit Cards – Designed to suit the shoppers, these credit cards come with extra discount and reward offers when a person shops across malls, shops, etc.
- Travel Credit Cards – These Credit Cards allow you special discounts when booking tickets, access to airport lounges, and extra reward points when you spend on airlines, hotel booking, tourism places, etc.
- Fuel Credit Cards – Credit Card for people looking to avail benefits while making utility bill payments like fuel, telephone bill, electricity, etc.
- Rewards and Benefits Credit Cards – Credit Cards that come with exclusive cashback, rewards, and benefits for every INR 100 spent online, dining places, hotels, fuels, etc.
- Entertainment Credit Cards – Credit Cards with special discounts and benefits when you pay for a movie ticket, use an online entertainment app, or pay at a theme park.
- Corporate Credit Cards – These Credit Cards come with complete business payment solutions i.e. extended payment terms, increased rewards for business expenses, exclusive benefits for business travel expenses etc.
- Premium Credit Cards – Credit Cards with extra benefits as compared to the Standard Credit Cards.
Are you Eligible for a Credit Card?
A Credit Card can be availed by any individual or business, depending upon their financial stability. Different Banks / NBFCs have different eligibility criteria for Credit Cards. A premium Credit Card requires higher eligibility as compared to a Standard or Basic Credit Card.
Top Banks Offering Credit Cards
Banks/NBFCs offer varied credit cards with exclusive benefits, rewards, and more to suit their lifestyle and spending patterns. These credit cards come with their own associated costs and benefits.
Customers can optimize their spending patterns as they choose from Credit Cards that have better terms and exclusive offerings. Some of the Top Banks offering Credit Cards are:
Credit Card Eligibility Factors with Top Banks/NBFCs
| Age | 
Should be at least 18 years old |
| Citizenship |
Indian National with no criminal background |
| Financial Stability |
Both Salaried and Self-employed individuals should have a stable source of income to pay the bills. The minimum income brackets differ from one credit card to another. |
| Credit Score |
Applicants must have a good credit score with a demonstration of good repayment history at the time of Credit Card Application |
| Credit Card Name | Type | Annual Fees | Key features |
|---|---|---|---|
| SBI SimplyCLICK Credit Card | Shopping | INR 499 | 10X reward points on online spend with Amazon, BookMyShow, etc |
| Flipkart Axis Bank Credit Card | Shopping | INR 500 | 5% cashback on Flipkart, Myntra, etc with a maximum monthly cap |
| American Express Platinum Travel Card | Travel | INR 3500 | Travel Benefits worth INR 11,800 on spending INR 4 lakhs in a year |
| Indian Oil Citi Platinum Credit Card | Fuel | INR 1000 | 4 Turbo Points per INR 150 spent at Indian Oil |
| HDFC Moneyback Credit Card | Rewards | INR 500 | 2 reward points per INR 150 spent |
| Kotak PVR Platinum Credit Card | Entertainment | INR 999 | Up to 24 free PVR Movie Tickets in a month |
| ICICI Platinum Chip Card – VISA | Zero Annual Fee | NIL | Minimum 15% savings on dining at partner restaurants |
| Apply | |||
Documents required for Credit Card Application
Different Banks have different requirements for issuing a credit card to an issuer. The document required for a young professional and an established Business person can also differ as the Credit Card issuance is dependent on the Credit Score, repayment history, repayment capacity, income of the person, and several other factors.
Some of the documents that can be required for making a Credit Card Application include:
- 1. Identity and Signature Proof Personal Identity documents like PAN Card, Driving License, Voter Card, Passport, etc.
- 2. Address Proof - Bank Account Statement, Voter ID Card, Property/Rent Agreement, Driving License, Aadhar Card, telephone/electricity/water bills, etc.
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3. Income Proof - The documents depicting proof of income can be:
- a) Salaried - Form 16/Bank Account Statements/Salary Slips etc.
- b) Financial Statements - Bank Account Statements/ P&L Statements of past 3 years/ITR of last 3 years/GST certificate/GST returns of the previous year.
- 4. Business Documents - Documents for proof of business i.e. Partnership Document for firms, MOA & AOA, COI for companies, Certificate of Practice for professional.
- 5. Bank Statements - Record of the last 12 months of Bank Statements to evaluate repayment capacity and history.
How to apply for a Credit Card at Loan Ki Dukaan?
Loan Ki Dukaan designs easy solutions for all your finance needs. Login to www.loankidukaan.com, click on the 'Credit Cards' button, and follow the steps:
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Your Personal Details
Enter Details like the Home Loan Amount, Property City, Annual Income, mobile number etc., and upload the additional details required to provide you the best offer.
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Compare and Select
A list of best Credit Cards offers from the top Banks/NBFCs/HFCs suited for your profile and requirement will be displayed. Select the best offer as per your requirements.
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Apply for Credit Card
Apply for the Credit Card online and get conditional e-approval. Loan Ki Dukaan Experts will help you plan your Finances and get the documentation right.
What are the charges associated with Credit Cards?
Credit Cards primarily come with two main charges i.e. Joining Fees and Annual Fees. Joining Fees is the fee paid by the customer to get a new Credit Card including application and processing charges. Annual Fee is the fee paid by the customer annually to keep their Credit Card account open and active. Most of the banks today waive off these charges depending upon their offers.
Some of the lesser-known charges associated with Credit Cards include:
- Late Payment Charge - The penalty amount charged over and above the interest rate when the customer does not pay the Credit Card Bill on time.
- Cash Withdrawal Charges - An amount charged by the bank when customers use the Credit Card for cash withdrawals.
- Foreign Currency Transactions - Fee charged by the bank when the customer conducts transactions at a foreign land. A defined percentage of the transaction value is calculated as the fee.
- Over-Limit Fee: When the cardholder spends more than the credit limit of the credit card, an over-limit fee is charged.
P.S. Not all Banks charge all the fees. Some of the fees may be waived off from time to time.
Credit Card Bill Payment
When you receive a credit card, banks mention the billing date of the card wherein any excessive amount spent by the customer has to be paid by them to the Bank in the form of bills payments. The Billing Date is the date on which the bill is generated by the bank and the Due Date is the date before which the customer is required to make the payment.
The Credit Card Bill demonstrates the outstanding amount of your card in the form of Minimum Amount Due and Total Amount Due. The Total Amount Due is the amount one is required to pay before the due date to avoid any additional charges. However, in case of financial crunch, customers can pay the Minimum Amount Due before the due date and have the option to carry forward the balance Total Amount Due ahead.
Credit Cards usually come with a feature of 'Days Past Due' where the amount outstanding from the customers according to the number of days past the due date is recorded. If your Credit Card Bill is overdue for long, your Credit Score may dip based on Days Past Due.
Credit Card Application Verification Process
Banks have specific guidelines to process applications for Credit Card. And, often it is distinguished depending upon the credit worthiness, occupation, repayment capacity, etc of the applicant. It is undertaken in key steps:
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Applying for Credit Card
Once the application for Credit Card is made on Loan Ki Dukaan, your chosen Bank receives the application.
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Document Pickup And Verification
Bank's representative contacts you for verification of the Credit Card e-application, and arrange for pickup of documents required for the Credit Card application.
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Approval of Credit Card
Once the application and documents are collected and verified, the Credit Card applicationis approved. Verification takes place after eligibility criteria are met.
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Credit Card Issuance
Credit Card is mailed to the applicant's designated address upon confirmation and signingof the forms.
How is your Credit Card issued?
Once the Credit Card Application has been approved, the issuance takes about 2-15 days. Banks mail the Credit Card to the designated address of the applicant. After the Credit Card is issued, the billing process begins from the Billing Date specified in the letter attached to the Credit Card.
FAQs
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Do all Credit Cards charge a joining and annual fee?
No. Not all credit cards come with a joining or annual fee. For standard or basic credit cards, Banks usually waive off the fees. However, credit cards with joining and annual fees have more benefits, rewards, and offers as compared to the zero annual fee cards.
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What determines my Credit Limit?
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What are the reward points? How can I use it?
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Can my Credit Limit increase with time?
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What are co-branded Credit Cards? Are they available in India?
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What is the difference between a Debit Card and a Credit Card?
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Is Credit Card safe to use? Does it come with protection against Fraud?
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Why should I apply for Credit Card on loankidukaan.com?