

They help you save on fuel in the form of discounts, extra rewards, and fuel surcharge waiver. Some cards offer direct cashback whereas others allow you to convert reward points into statement credit. The cashback obtained can be used as a statement credit or for shopping. You can avail cashback on every purchase through cashback credit cards.
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Rewards, discounts, and cashback on online and offline shopping.Some of the benefits of shopping credit cards are: These credit cards target customers who are shopaholics. There are different types of credit cards available in India today based on the spending habits of people. Features such as minimum due amount, interest rate, reward points, etc., are fixed by credit card issuers. However, these payment facilitators cannot set other terms and conditions on the card.

Although a credit card is provided by popular banks, the payment gateway is facilitated by Visa, MasterCard and RuPay.As a credit card holder, you will be allocated a credit limit, which will be 3 to 5 times of your net monthly salary.You can obtain a credit card against your fixed deposit.If you have a good credit score, you can get a credit card easily.Credit card companies give credit cards to individuals who have a consistent income.Here are some things to know before you get your own credit card Every time you purchase on your credit card, you are in effect borrowing that money from the credit card issuer until you pay it back at the end of the month. How does A Credit Cards work?Ī credit card gives you more time to pay for your purchases.

The balance, however, will be carried forward to the next month, and interest set by the credit card company will be levied. To avoid any fines, the cardholder can pay the minimum amount due (which can be anywhere between 5% to 10% on the total amount owed). The card issuer will let you pay off the balance fully, interest-free, for up to 50 days from the date of payment. A credit card is a financial instrument that has a pre-loaded balance that the cardholder can use to make transactions and pay for them later.
