Availing a credit card is not just a crucial financial decision, but also significantly impacts other fronts related to credit. Thus, when you get a credit card, you must be completely sure of what to look for and be aware of certain other points. Here’s a look at what these points should be.
Make sure to go through all the rewards and benefits which you will get to enjoy on credit card usage. You can also look for cards with maximum partner stores for easy shopping.
The way you use your credit card determines your credit score. So, using a card responsibly should help build a good credit score.
Interest rates charged on credit cards are comparatively set higher than several other funding options. Nevertheless, they can be completely avoided by making timely payments. For singular instances of delay in bill payment, one can look for a card with affordable rates.
Be aware of other charges such as late fine, annual fee, balance transfer fee, and so on, to keep your card liability in check.
Selecting a card with an extended grace period ensures maximum flexibility in bill payment.
You can choose to pay a minimum amount of credit card bills and carry forward the remaining amount to the following month.
Further, to get a credit card, you must check the different card types, meet the eligibility criteria, prepare documents, and fill up the application form. On cards like the Bajaj Finserv RBL Bank SuperCard, you can enjoy instant approval as well, among other benefits.