• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Thursday, February 9, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Kejriwal G20 scam

    We are predicting a new scam: Kejriwal’s G20 scam

    Mahua Moitra speech

    Mahua Moitra’s boiling point: A tale of frustration

    Saket Gokhale bail

    How Saket Gokhale’s habit of crowdfunding will cost him dearly

    Sehwag on Hindenburg

    Adani-Hindenburg row: Retired Sehwag has more guts than current superstars

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    UPI International

    How to make payment with UPI in these 5 countries

    E20 Petrol

    E20 Petrol Adoption Unveiled: E20 Petrol has become official in India

    Chinese loan apps

    Now that they are banned, let us understand how Chinese loan apps worked

    Startup Ecosystem

    India’s startup growth: A tale told by data

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    fifth-generation aircraft

    India and Russia: Strengthening defence ties through 5th Generation Aircraft development

    LCA Tejas in Navy

    A deadly Naval variant of HAL Tejas is coming

    helicopter plant India

    Dominating the skies: The unstoppable Atmanirbhar Helicopter Revolution

    AN-32 MTA

    IAF to replace accident-prone AN-32 with fully Made-in-India fleet

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Trilateral Cooperation Initiative

    Alliance of India, France, and the UAE: A New Era of Cooperation for Global Leadership

    Chinese spy balloon

    The Dirty Secrets of the Chinese spy balloon that was harbouring over Tri-service command

    Explained in numbers: The extrusive death of China’s BRI is here

    Explained in numbers: The extrusive death of China’s BRI is here

    Russian oil sanctions

    Now India controls West’s energy supplies

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Alha Udal

     The lasting legacy of Alha Udal: A story sung across India

    Fall of Singapore

    Battle of Singapore: The battle that destroyed the invincibility of the British and sowed the seeds of Indian National Army

    Samjhauta Express blast

    How the jinn of Hindu terrorism emerged from Samjhauta Express bombings

    The Epic Humiliation: Stalin’s Treatment of Nehru’s Sibling Vijayalaxmi Pandit

    The Epic Humiliation: Stalin’s Treatment of Nehru’s Sibling Vijayalaxmi Pandit

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Saurabh Shukla – The scene stealer of Bollywood

    Saurabh Shukla – The scene stealer of Bollywood

    Graphene

    Graphene: A Key Material for the Future of Technology

    Actor Jugal Hansraj

    Why Jugal Hansraj failed

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Star @3: How parents are destroying their kids’ lives for a few bucks

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Kejriwal G20 scam

    We are predicting a new scam: Kejriwal’s G20 scam

    Mahua Moitra speech

    Mahua Moitra’s boiling point: A tale of frustration

    Saket Gokhale bail

    How Saket Gokhale’s habit of crowdfunding will cost him dearly

    Sehwag on Hindenburg

    Adani-Hindenburg row: Retired Sehwag has more guts than current superstars

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    UPI International

    How to make payment with UPI in these 5 countries

    E20 Petrol

    E20 Petrol Adoption Unveiled: E20 Petrol has become official in India

    Chinese loan apps

    Now that they are banned, let us understand how Chinese loan apps worked

    Startup Ecosystem

    India’s startup growth: A tale told by data

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    fifth-generation aircraft

    India and Russia: Strengthening defence ties through 5th Generation Aircraft development

    LCA Tejas in Navy

    A deadly Naval variant of HAL Tejas is coming

    helicopter plant India

    Dominating the skies: The unstoppable Atmanirbhar Helicopter Revolution

    AN-32 MTA

    IAF to replace accident-prone AN-32 with fully Made-in-India fleet

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Trilateral Cooperation Initiative

    Alliance of India, France, and the UAE: A New Era of Cooperation for Global Leadership

    Chinese spy balloon

    The Dirty Secrets of the Chinese spy balloon that was harbouring over Tri-service command

    Explained in numbers: The extrusive death of China’s BRI is here

    Explained in numbers: The extrusive death of China’s BRI is here

    Russian oil sanctions

    Now India controls West’s energy supplies

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Alha Udal

     The lasting legacy of Alha Udal: A story sung across India

    Fall of Singapore

    Battle of Singapore: The battle that destroyed the invincibility of the British and sowed the seeds of Indian National Army

    Samjhauta Express blast

    How the jinn of Hindu terrorism emerged from Samjhauta Express bombings

    The Epic Humiliation: Stalin’s Treatment of Nehru’s Sibling Vijayalaxmi Pandit

    The Epic Humiliation: Stalin’s Treatment of Nehru’s Sibling Vijayalaxmi Pandit

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Saurabh Shukla – The scene stealer of Bollywood

    Saurabh Shukla – The scene stealer of Bollywood

    Graphene

    Graphene: A Key Material for the Future of Technology

    Actor Jugal Hansraj

    Why Jugal Hansraj failed

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Star @3: How parents are destroying their kids’ lives for a few bucks

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Economy » Finance » How Do I Choose The Credit Card Best Suited To My Needs?

How Do I Choose The Credit Card Best Suited To My Needs?

Mahima Kalra
by Mahima Kalra
12 September 2022
in Finance
0
Kotak Best Credit Card in India

Photo: Shutter Stock

157
VIEWS
Share on FacebookShare on Twitter

Credit cards can be the ultimate solution to short-term financial challenges. But, depending on your usage, it can be an asset or a liability. Not repaying the borrowed amount by the due date can add to your financial worries. However, timely repaying the bills can work wonders for you and even boost your credit score. Today, there are various types of credit cards on the market. Here are some decisive factors in choosing the best credit card in India. Let’s talk about it.

Choosing the right credit card to reward you for your purchases is crucial. For example, it’s best to choose a travel credit card if you are a frequent traveller. It’ll help you earn extra miles, hotel discounts, restaurant deals, etc. All these expenses are a part of your lifestyle, and paying as low as possible makes sense. In this case, you will save a substantial amount by choosing a travel credit card.

Similarly, there are other types of credit cards catering to different needs. Choosing the right credit card is critical to making the most of your credit card purchases. Read on to learn how to choose the best credit card in India.

Tips For Choosing The Best Credit Card in India

There’s no single rule of thumb for deciding the best card. Instead, there are multiple factors to be considered. The right credit card can vary based on your shopping interest, habits, repayment capacity, eligibility, etc. Here are some decisive factors in choosing the best credit card in India.

1. Evaluate Your Credit Score And History

The first and most important thing to do to find the right credit card is to evaluate your credit score and history. It is crucial to find your credit score to check your eligibility for different credit cards. Many premium credit cards have minimum credit score criteria for users. There are various ways to check your credit score and history. You can easily find an online portal to check the score. A credit score of over 750 points can make you eligible for most credit cards. However, one must meet other eligibility criteria for different credit cards to obtain the same.

2. Analyse Your Spending Habits

It would help you analyse your historical spending habits to find the appropriate credit card. As we have already discussed, different credit cards have varied reward mechanisms. Are you planning to use credit cards for online shopping? Do you travel frequently? Do you use credit cards for managing business expenses? These common questions will help you figure out the right card. If you own a credit card, it’s best to check your past statements to analyse shopping trends.

3. Evaluate The Costs

There are different costs associated with a credit card, including interest rates, joining fees, annual fees, penalties, etc. All these costs must be factored in before choosing a credit card. Many credit cards do not charge a joining fee; the annual fees are also reversed once you reach a payment threshold. If you want to build credit, it’s best to reduce these costs and choose an affordable card. However, if you have specific goals, compare these costs against the benefits offered to make a prudent choice. Choosing a credit card with a low-interest rate is crucial if your repayment capacity is not high.

4. Be Mindful Of The Rewards Offered

Earlier, the demand for credit cards was relatively lower. However, today, it has grown exponentially. As a result, the competition in the credit card industry has increased multiple folds. Credit card companies are trying their best to gain new customers by offering lucrative discounts, rewards, and other benefits. Different credit cards have varied uses. It’s best to compare the advantages and explore the right fit for you. The best credit cards offer signup bonuses. Always be on the lookout for signup bonuses; they can be very rewarding.

5. Credit Limit

Different credit cards can have varied credit limits. However, it’s primarily contingent on the borrower’s credit profile and repayment capacity. Many credit card companies might have strict policies for approving a credit limit. As a result, you might get a lower credit limit. It’s best to compare the credit limit offered by multiple credit card companies. Choose a sufficient limit based on your financial needs. Going overboard on the credit limit can be a shortcut to a debt trap. You must factor in the income, expenses, and debt obligations to choose the right credit limit.

Final Words

These were some of the most crucial factors to consider while choosing a credit card. Analysing your spending habits can help you find the right credit card which matches your lifestyle. It’s a great way to reduce expenses without cutting down on privileges. So, choose the best credit card in India for maximum savings!

Also Read: FID (Financial institutions duty) Loans State Bank of India (SBI)

Tags: Credit CardsFinanceMoney Management
ShareTweetSend
Previous Post

24 Unconditional love Radha Krishna quotes

Next Post

As shows get cancelled, Hindu hater Kunal Kamra goes ‘Jai Sita Ram’

Mahima Kalra

Mahima Kalra

Wine, Books, Movies - In that order

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Saurabh Shukla – The scene stealer of Bollywood

Saurabh Shukla – The scene stealer of Bollywood

9 February 2023
Bilkis Bano Case Takes Centre Stage as CJI Forms Special Bench

Bilkis Bano Case Takes Centre Stage as CJI Forms Special Bench

9 February 2023
Trilateral Cooperation Initiative

Alliance of India, France, and the UAE: A New Era of Cooperation for Global Leadership

9 February 2023
Kejriwal G20 scam

We are predicting a new scam: Kejriwal’s G20 scam

9 February 2023

Popular This Week

Adani-Hindenburg row: Decoding the hidden agendas
Premium

Adani-Hindenburg row: Decoding the hidden agendas

by Abhishek Kumar Singh
29 January 2023
Cricketers Mohammed Siraj and Umran Malik refuse to adhere to Tilak tradition
Sports

Cricketers Mohammed Siraj and Umran Malik refuse to adhere to Tilak tradition

by TFIPOST News Desk
5 February 2023
The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia
Cinema

The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia

by Paurush Gupta
4 February 2023
DAMaN movie poster
Cinema

DAMaN movie box office collection and soon release in Hindi!

by TFIPOST News Desk
18 November 2022
Dr Jaishankar
Politics

Left’s lobby’s plot to tarnish Jaishankar’s reputation

by Paurush Gupta
2 February 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost