Credit cards are one of the most beneficial credit-based financial products available in the lending market. An individual should compare credit cards to avail the best features before availing one. Following are the top features that a prospective user should check for on a credit card –
The ‘in-hand security’ feature helps an individual to check against unauthorized transactions on their credit card. Furthermore, mobile applications like the RBL MyCard App are also available on the internet wherein a borrower can monitor their usage of a credit card.
6. Quick approval and affordable charges – An individual can avail quick approval on their credit card application with an iota of processing charges.
7. Rewards – One of the beneficial features an individual should look for on their credit card is the option to avail welcome rewards. Most financial institutions offer attractive reward points on purchases and transactions with credit cards. A user can earn rewards against every transaction they make and can redeem those points later.
An individual should compare credit cards to avail a required amount of money during an emergency. The added benefits of a credit card make availing them financially beneficial.
- Interest rate – An individual who fails to repay their credit availed amount within a specific due-date or time period is subjected to pay interest. The interest rate on credit cards differs in every financial institution. More affordable can help reduce debt accumulation significantly.
- Credit limit – The amount of pre-set money an individual can utilise with their credit card.
- Emergency loan – Another feature to look for to compare credit cards is the ability to avail an emergency loan. An individual can avail a loan against credit card, which can be repaid within the due-date.
- Affordable EMI option – Top credit cards offer the feature to convert large purchases into easy EMIs to help users repay the credit availed with ease.
- Security – Financial institutions like Bajaj Finserv offers security features like, ‘in-hand security’, ‘zero-fraud liability cover’ on their Bajaj Finserv RBL Bank SuperCard. Such security measures help to mitigate cyber-crime threats.
The ‘in-hand security’ feature helps an individual to check against unauthorized transactions on their credit card. Furthermore, mobile applications like the RBL MyCard App are also available on the internet wherein a borrower can monitor their usage of a credit card.
6. Quick approval and affordable charges – An individual can avail quick approval on their credit card application with an iota of processing charges.
7. Rewards – One of the beneficial features an individual should look for on their credit card is the option to avail welcome rewards. Most financial institutions offer attractive reward points on purchases and transactions with credit cards. A user can earn rewards against every transaction they make and can redeem those points later.
An individual should compare credit cards to avail a required amount of money during an emergency. The added benefits of a credit card make availing them financially beneficial.