Credit Cards in Indore - Card Delta

Credit Cards in Indore: An Introduction

Credit cards are now an indispensable part of life. They are popular because of the convenience and benefits they offer. A credit card is basically a plastic card issued by a lender that gives the card-holder an option to borrow funds at the point of sale. In essence, a credit card is plastic money that is borrowed. It comes with an approved credit limit (based on your salary and credit rating) that allows you to make purchases and pay back later, along with interest charges as accrued. 

It comes in handy for making various transactions, as opposed to carrying money. As long as you pay back the money you borrowed within the grace period, which is ideally the interest-free period, you don’t have to pay extra in the form of hefty interest charges.

There are different types of credit cards – lifestyle credit cards, rewards credit cards, cashback credit cards, fuel credit cards, shopping credit cards, business credit cards etc. Based on your need, repayment capacity, and existing loan obligations, lenders can approve a credit card in Indore for you.

Key features of a Credit Card:

• Easy documentation and speedy approvals
• Quick Processing
• Easy repayment options
• Facility to apply online with most lenders
• Special offers for existing customers—like annual fee waiver, etc.

Benefits of a credit card

Build a credit history – Transactions made using a credit card for your purchases adds to your credit score and consistent repayment of dues helps you build a positive credit history, which will help you secure better loans in the future. This is perhaps, one of the most important benefits of a credit card.

Convenience – Credit cards are a convenient mode of payment and are accepted almost everywhere. You just need to pull out your card, swipe it, lo and behold, transaction is done!

Online Purchase – Credit Cards are a convenient method to buy things online. It is safe and secure.

Gives Rewards / Cash Back – Credit Cards give rewards for high usage such as airmiles, movie tickets, cashback and other merchandise. Transactions done using credit cards provide the user with reward points. These points are accumulated and in the end, you can redeem these points for merchandise / vouchers of your choice.

Access cash in times of Emergency – when there is an urgent need of cash, you can take cash on credit card in Indore. However, keep in mind that the interest rate for cash advances are very high.

Global transactions made easy – Credit Cards can be used in foreign countries without the need to convert your money into foreign currency. It does incur some charges, but the convenience can’t be negated.

Eligibility for Credit Card in Indore

Different credit cards have different eligibility requirements. Compare different eligibility requirements before applying for credit.

Ideally, one should be salaried or self-employed, having a regular source of income, be over 21 years of age and have a clean credit history.

Documents Required for Credit Card in Indore

Documentation is generally minimal. Following are the requirements

• 2 passport size photos and signature-bearing national identity cards
• Proof of address - Ration card, electricity bill etc. can be submitted
• PAN card, Form 16 and the Income Tax Returns Statement
• Proof of salary, employment / proof of business details
• Last 3 months salary statement.

Credit Card in Indore – FAQS

Can I apply for Credit Card online?

Absolutely. Several lenders have the facility to apply online.

Can I avail the EMI Facility with a credit card?

Most Credit Card issuers offer you attractive repayment terms at affordable interest rates and flexible tenure. You can convert your purchases over Rs. 5,000 to easy EMIs.

How can I convert my credit card purchase into EMI?

You can avail the EMI option by logging to your Net banking platform with your user ID and password, and covert a purchase into EMI online. Alternatively, you can call the customer care for help with converting a purchase into an EMI.

How to apply for credit card loan in Indore?

You can check your eligibility and apply for a loan against your credit card limit by logging in to your net banking account.

I got my credit card bill. What are the bill paying options available?

You can choose from the following options to make your bill payment:

• Pay your credit card bill via online banking – such as NEFT/RTGS/EPAY/VMT (from other bank accounts)
• Payment through cheques
• Cash deposit/cheque deposit at ATM/Bank during banking hours