+
The best credit card in India depends on the individual's needs and preferences. Some of the most popular credit cards in India include the SBI SimplyCLICK Credit Card, HDFC Bank Regalia Credit Card, Axis Bank Privilege Credit Card, American Express Platinum Credit Card, ICICI Bank Insta Easy Credit Card, and Citibank Rewards Credit Card.
+
A secured credit card is a form of credit card where the credit limit is secured by a deposit made by the cardholder. This deposit, which is normally equal to the card's credit limit, can be used to settle any unpaid balances if the cardholder misses a payment deadline. As with other credit cards, the cardholder will also need to make regular payments.
+
No, not all credit cards have annual or joining fees. Some credit cards have no annual fee and no joining fee, while others only offer one or the other.
+
Yes, credit cards usually charge interest for non-payment. Interest rates vary by card issuer, but are typically around 18-25% APR.
+
Rewards are points or credits that customers can earn by shopping at certain stores or using certain services. These points or credits can be redeemed for discounts, free items, or other rewards. Cashback, on the other hand, is a partial refund of the amount spent on the purchase. Refunds are usually a percentage of the purchase amount, and the customer can receive it as a check, payment via PayPal, or a refund to their credit card.
+
No, bonus points cannot be exchanged for cash. However, they can be used to purchase goods or services.
+
Credit limit is the maximum amount of money that a lender is willing to extend to a borrower in the form of a loan or line of credit. It is the maximum amount that can be charged to a credit account, and is typically determined based on a customer’s credit score, income and other factors.
+
No, you cannot use your credit card for a purchase value that goes beyond your available credit limit. Your credit card issuer will usually decline any transaction that is larger than your credit limit.
+
A negative balance on your card can happen if you've returned an item and the store hasn't refunded your card, or if you don't have enough money to pay for the purchase you've made. This can also happen if you overdraft your account or if the seller charges you multiple times for a transaction.
+
You pays your credit score card invoice on-line, with the aid of using phone, thru your bank's on-line price system, or with the aid of using mail.