Banking

LIC Visa Signature Card

Powerful Reward program:
Get exciting PlusPoints Rewards program designed to reward spends as follows:
2 Reward Points for Rs. 100 spent on LIC premium payments and international spends.
1 Reward Point for every Rs. 100 spent on all other categories except fuel, wallet load and EMI transactions.
Insurance Cover:
Complimentary lost card liability insurance cover upto your credit limit.
Fuel Surcharge Waiver:
1% fuel surcharge waiver at all fuel pumps across India (for transactions between Rs. 400 and Rs. 4000). Maximum benefits upto Rs. 400 per month

IDFC First Bank Card

Annual income of ₹ 3 Lacs or more.
A card that is as cool as it looks and is lifetime free – because who doesn’t like free stuff?
Never expiring rewards & a program that gives up to 10X reward points!

10X Reward Points on incremental spends above ₹20,000 per month and spends done on your birthday

Over 300 merchant offers & 25% discount on movie tickets, all year long.
Interest free ATM cash withdrawal for up to 48 days.

Bajaj Insta EMI Card

100% digital process.
Approval Within 30 Second.

Instant Card Activation.

4000+ Location Covered
1.5Lakh Partner Store
Upto 60 months Tenor options

Insta EMI Card allows you to shop for 1 million+ products on No Cost EMIs.

Pre-approved loan limit of up to Rs. 2 lakh

Flexible repayment tenure.

Compare & Apply Best Credit Cards Online

Apply for a credit card by comparing the Best credit cards online. You can find credit card offered by Top banks along with their features, benefits, fees, and latest offers, everything at a single place.

How to Apply for Credit Card Online?

Applying for a credit card online is as easy as booking a movie ticket online. Here are the steps:

Visit the bank’s website or click here on above link.
Take a look at the credit cards offered by the bank.
If the bank has a comparison tool, use it to see how each card compares to the other.
Select the credit card that is the right one for you and hit the ‘Apply‘ button.
Fill in the required details and upload all necessary documents.
Submit your form.

And that’s it. It really is that simple.

Credit Card Eligibility

Wondering if you are eligible for a credit card? Check out the eligibility criteria for credit cards. Do keep in mind though that depending on the type of card you are applying for and the issuing bank, the criteria may differ.

In general, here are the eligibility criteria:

Nationality: You should be a citizen of India or a non-resident Indian (some banks extend credit cards to NRIs).
Age: You should be at least 18 years old. In some cases, the minimum age to apply for a credit card is 21 years.
Employment status: You have to either be salaried or self-employed and have a steady source of income.
Income: Most banks will require you to meet their minimum income requirement before they approve your card application.
Credit score: A good CIBIL score, with no history if default goes a long way in making sure that your credit card application is approved.

Benefits Of Applying For Credit Card Bankingontip.com

Bankingontip.com offers end-to-end application process, wherein you can browse through most of the credit cards offered by various banks, compare and apply for the best credit card in just a few clicks.
Let’s look at the perks that we offer for applying for a credit card through us.

Robust comparison tool: Before availing a credit card, it is always advisable to compare various cards to find the best. But the process of comparing is not that easy, and a lot of people tend to avoid it, ending up with a wrong card. To solve this problem, BankBazaar introduced a platform where people can compare credit cards offered by different banks online at one place. This not only helps them in making an informed decision but also in getting the best credit card available in India.
We simplify the application process: With our end-to-end paperless online application process, we have simplified the entire application process in a few simple steps. You don’t have to visit the bank branch nor have to meet any bank representative to apply for a credit card. Simply, visit our website, compare various credit cards, choose one and apply for the same without leaving the comfort of home.
24×7 Support:Apart from the above, BankBazaar provides 24×7 support to all its customers throughout the year.

A Guide to Credit Cards

Although most of us are quite familiar with credit cards and use them on a regular basis, there’re many aspects of the cards, most of which are quite basic, about which we are quite ignorant about. This section discusses all such things every credit card user must know

Why is a Credit Card Important?

To manage your short-term financial needs – your salary won’t be sufficient always.

To enjoy interest-free credit – You pay interest on a credit card only when the due amount is not repaid on time.

Ease of use – Ready cash for sudden expenses.And the perks that come along – Reward points, discounts,cash-backs, offers air miles and lot more.

How to Find the Right Credit Card

So, how do you go about finding a credit card that is just right for you? Here’s a handy list:

Your spending pattern: Do you spend more on groceries each month and less on dining? Then get a card that rewards your grocery spends. If a major portion of your income goes towards online transactions, get a card that rewards those transactions.
The reward type: Credit cards offer rewards in terms of cashback (which you can use to offset your bill), rewards points (which can be used to redeem lifestyle, travel, retail, and dining vouchers), and air miles (which can be transferred to your preferred airline’s frequent flyer programme and help fund the tickets for your next holiday).
Fees and charges: Compare the interest rate on different cards and the fees and charges apply. Look for a card whose joining fee and the annual fee you can afford. Also, see if there are any hidden charges.
Offers on the card: Some cards have great offers and discounts when you use the card to shop on a particular website or when you use it at a particular store. Some offer great dining discounts and others are better suited for travel. Make sure you go through the offers available on the card before making your decision.
Welcome bonus or gift: To get you to apply for their card, banks offer welcome gifts and bonuses. This could be the latest gadget or bonus points and miles. If you are looking to earn rewards at an accelerated pace, look for a card that offers a considerably large welcome bonus.
Payment options: Most cards will allow you to make payments via multiple channels. In general, if you tend to forget to make payments by the due date, you should consider having your credit card payments automatically debited from your account.

If you keep these points in mind, getting the right credit card shouldn’t be too much of a problem.

Features of a Credit Card

Banks offer amazing features on their credit cards. These features vary depending on the card provider and the type of credit card that people purchase. Some of them are as follows:

Reward Points Program: Most credit cards offer a reward points program, which allows cardholders to earn reward points on every transaction they make using their cards. A few exceptions to it is that fuel transactions, insurance payments, gold or gold jewellery purchases, utility bill payments, cash and EMI transactions are typically not eligible for reward points.

The accrued reward points can be redeemed for various options offered in exclusive rewards catalogues provided by the issuers. However, card members need to earn minimum reward points before going for redemption.

Airport Lounge Access: Complimentary airport lounge access and membership to Priority Pass Program are one of the most common features offered on most credit cards. Though you may not find the features on a basic credit card, most next to basic credit card offers complimentary lounge access with a limited number of visits per year, free membership to airport priority pass programs and others. With such a feature on credit card, members can enjoy free lounge visits to both domestic and international airports.

Fuel Surcharge Waiver: Another common aspect offered on most credit cards is the fuel surcharge waiver facility that waives off the 1% surcharge that is typically charged on all card transactions conducted at petrol stations.

Insurance Coverage: While some premier cards provide a comprehensive insurance policy that provides coverage against air accident, life, lost baggage, lost card, outstanding, etc. On other cards, the cover is limited to a few aspects.

Global Acceptance: Today, most credit cards that are issued in India are international cards and are accepted by various merchants all over the world.

Balance Transfer: Credit cardholders can transfer the outstanding balance of their existing cards issued by one bank to the credit card account of another bank. Doing so helps them in saving money and repaying the amount at a low rate of interest. Banks offer various balance transfer options to their cardholders allowing them to repay the amount on a monthly basis within a tenure of their choice.

EMI Conversion: The feature allows the credit card members to convert their credit card transaction into easy monthly instalments (EMI). They can either choose to convert the total outstanding on their card into EMI, a specific transaction, especially big-ticket purchases into EMI and can also convert merchant transactions into EMI.Generally, these plans have very attractive interest rates and different repayment tenures. The EMI conversion will be done with no other documentation and most of the times instant.

Lifestyle Benefits: By partnering with various merchants, credit card issuers provide attractive discounts and offers on various lifestyle categories including dining, shopping, travel, wellness, entertainment, etc.

Travel Benefits: Frequent travellers can make the best use of the travel credit cards that provide travel-related benefits to the cardholders. Some of the common benefits offered on travel credit cards include air miles accrual and redemption for air tickets, free travel insurance, discount offers on domestic and international flights, complimentary lounge visits, discounts on hotel booking, and concierge services.

Benefits of a Credit Card

Welcome Gift – Many banks offer a welcome gift to new credit card applicants once the card is issued to them. This gift can be in the form of bonus points, gift vouchers, discounts, etc. The welcome gift differs depending on the card and the bank.

Rewards Program – All credit cards generally have a reward program, which allows cardholders to earn reward points on every transaction they make using their cards. The amount of points that cardholders can earn per transaction is fixed and differs from card to card. The points that card members collect can be redeemed for various gifts that are listed in the rewards catalogue of the cards. These gifts can be discounts, product, services, cashback offers, etc. Some credit cards allow card members to redeem their points against air miles and cash as well.

Fuel Surcharge Waiver – Many banks offer fuel surcharge waiver to credit cardholders when they spend specific amount of money on fuel every month. This offer is available on fuel transactions made at all Indian petrol bunks.

Cashback Benefits – There are certain credit cards that offer cashback benefits to the customers. The amount of cashback that will be offered depends on the provider.

Lifestyle Benefits – Cardholders can enjoy various lifestyle benefits on their credit cards. Lifestyle benefits include dining, shopping, golf, wellness, entertainment, etc. privileges.

Travel Benefits – This is one of the major reasons for credit cards being so popular among people. There are some credit cards that offer amazing travel benefits to the customers. Travel benefits include air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc.

Airport Lounge Access – Some credit cards offer complimentary airport lounge access to the cardholders. The offer varies from one bank to another. Some banks put a limit on the number of visits, while some others allow access only to Indian airport lounges.

Exclusive Privileges from Visa/American Express/MasterCard – Visa, MasterCard and American Express are three popular and recognized credit card variants. Depending on the variant of your card, you can enjoy exclusive lifestyle, travel, etc. offers from MasterCard/Visa/American Express.

Add-on Cards – Many banks allow their credit cardholders to apply for add-on cards for their immediate family members. Most card issuers offer add-on cards for free, but some of them limit the amount of add-on cards that one can apply for. Cardholders can enjoy all the privileges of their primary cards on their add-on cards.

Air Miles – Cardholders can collect these miles and redeem them to avail flight tickets and other travel benefits.

Credit Card FAQ's (Frequently Asked Questions)

What is the difference between a debit and a credit card?
A debit card draws money from your account immediately when you make a purchase. Whereas a credit card enables you to borrow the money required against credit and you will have to pay the bank when you receive your credit card bill.
How can I get a credit card for the first time?
If you already have a credit history, you can check your eligibility, choose a card that suits your lifestyle needs and apply for it on Bankbazaar. If you do not have a credit history, you can opt for a secure credit card usually offered against fixed deposits.
What is the minimum credit score for a credit card?
A credit score above 650 is ideal to be able to get a credit card
Which is the best and easiest way to apply for a credit card?
You can compare the features, benefits, fees, interest rates etc. and then choose a card that best suits your needs. You will also benefit from exclusive offers available only on Bankbazaar. Alternately, you can directly visit the bank’s website to apply for a card.
What is the minimum salary required to apply for a credit card?
The minimum salary requirement to be able to have a credit card is different for every bank. The figure varies for salaried and self-employed individuals.
Are there any benefits of having a credit card?
Yes, most credit cards come with a reward point system, where you earn a point every time you spend a said amount of money. You can then redeem these points.
Can we get a credit card with bad credit score?
A credit score between 300 and 650 is considered a bad credit score by most banks. In most cases, banks will not consider this score to be ideal to offer you a credit card. However, if you have a credit score between 550 and 650, it might be considered poor credit. In these situations, if banks deem you as a responsible borrower, you might be qualified for an unsecured credit card.
Can I get a credit card without a job?
Even if you do not have a job and have a pretty substantial inflow into your account every month or so, you are eligible for a credit card.
Do credit cards require proof of income?
As your income does not show up on any of the credit reports, many credit card issuers do not verify your income source. However, proof of income could increase the chance of your credit card application being approved.
Can I get a credit card in one day?
Yes, Due to the online application system, your credit card application will be approved in one day. However, you will not get the physical credit card in one day.
How long does it take to get a credit card approved?
The banks typically state that they would take 21 days to disburse a credit card. However, depending on the applicant’s profile, availability of documents, verification checks, etc., it might also take a little longer than the stipulated time.
Can I use my credit card in other countries?
It depends on your card type. If your credit card is accepted globally, you can use it in other countries as mentioned by your creditor. However, a certain fee known as the foreign transaction fee will be charged for all the purchases made abroad.
What are the different types of credit cards?
There are many different kinds of credit cards in India. They are:
- Secured Credit Cards
- Business Credit Cards
- Student Credit Cards
- Balance Transfer Credit Cards
- Prepaid Cards
- Kisan Credit Cards
- Rewards Credit Cards
Can I get a credit card online?
Yes, You can apply for a credit card online, once you go to the website of your preferred bank.
Is it better to apply online or in person for a credit card?
It is much easier to apply for a credit card online. If you are applying for a retail credit card, it is better to go in person and apply for the same.
Do credit cards come with any airport lounge benefits?
Yes, a lot of credit cards come with access to domestic and international lounges at airports.
What is credit card limit?
This is the maximum amount that one can spend on their card. When you have a high limit for the credit card, it allows you to spend more and this will help your credit scores. However, this can also make you overspend and pile up debt.
How many credit cards should I have?
The number, one should own is not fixed. It depends on your financial ability and your spending behavior. However, ensure to manage all the cards properly. Use them responsibly, repay the outstanding on time and make sure none of them is affecting your credit score.
What does ‘minimum due’ mean on a credit card statement?
The minimum amount due is the minimum amount a credit cardholder needs to pay in case he/she is not able to pay the total outstanding. It is typically 5% of the total outstanding amount on the card. Paying the minimum amount would save you from the late payment fee.
If I make a late payment on my credit card, will it affect my credit score?
It depends on various factors – the number of days late, the number of instances and the amount due. Based on all this your credit card issuer would take a call about whether or not to report the same to the credit agencies. But once reported, it would certainly affect your credit score.
Should I pay interest on all the purchases I make using a credit card?
No, you don’t have to pay interest on all the transactions. However, if you’re not repaying the due amount within the stipulated time, the unpaid due would attract interest along with all the new transactions, till the due amount is repaid in full.
Do I need to pay processing fee for a loan against credit card?
Yes, banks do charge processing fee for loans against credit card. However, you need to pay a very nominal amount as processing fee.
How do credit cards work?
A credit card gives you a line of credit and you can use this to make balance transfers, all kinds of purchases, and cash advances. You will have to pay back the amount by the date specified by the bank. When you use a credit card, you have to keep in mind the minimum payment to made every month by the due date.
Do credit cards offer protection against fraud?
Not all credit cards do, but there are quite a few credit cards that come with fraud liability protection cover.If your card offers the protection, most of the fraudulent transactions that might happen on the card when it’s either lost or stolen will be covered. However, you need to intimate about the loss of the card immediately to the respective creditor.
Should I get a charge card or credit card?
While a credit card will allow you to make purchases “on credit”, charge cards will let you make a purchase which you can pay at a later point in time. Having a credit card would mean that you will get small and quick loans while you make your everyday purchases and it offers payment flexibility. If you are a charge cardholder, you will have to pay back the whole amount that you borrow every month on the due date and failure will lead to a heavy fee being charged. These cards are meant for you if you have the means to pay off your credit every month

Documents Required for Credit Card

Identity Proof (any one)

Residence Proof (any one)

Income Proof Documents

For Self-employed Applicant/Co-applicant:	For Salaried Applicant/Co-applicant:
Proof of income if the applicant/co-applicant is a self-employed professional/businessman.	Valid work permit
Business address proof	Employment contract (translated in English) attested by the employer/consulate/embassy/Indian foreign office if the contract is in another language.
Balance Sheet and Profit and Loss accounts audited by a certified CA for the last 2 years	Salary slips for the last 3 months
Individual Tax Return for the last 2 years – Not applicable to NRIs/PIOs located in the Middle East countries.	Bank statements indicating salary credit for the last 6 months
Bank statement of the individual’s as well as the business/company’s overseas account for the last 6 months.	Copy of the Identity Card issued by the current employer along with the latest salary slip (original).
	Copy of the individual Tax Return for the last assessment year. – Not applicable to employees in the Merchant Navy and NRIs/PIOs located in the Middle East countries.