How to Choose the Best Credit Card: Explore Credit Cards

There are different types of credit cards in the market, and each comes with its own functionality and a bevy of unique features. Today, you are truly spoilt for choice when it comes to choosing a card to enhance your wallet and finances. 

Before you apply, ask yourself what you’re looking to achieve. Is the card for:

• Automating bill payments 
• Shopping with ease
• Travelling comfortably 
• Saving on fuel 
• Spending on food and dining
• Getting premium perks 

Opt for a card that offers deals based on your preferences and spending habits. If you are starting on your credit card journey, then ensure you get your hands on a card that offers you maximum perks while you enjoy your shopping experience. 

Different Types of Credit Cards in India

The variety is vast when it comes to credit cards in India and based on your lifestyle and requirements, you can apply for cards that help you avail the best offers. Here is a list of the cards available in the market and details about how each fulfils a different purpose: 

Dining Credit Cards

This card works best if you like to eat out often or order food regularly. Most dining credit cards offer:

• Discounts – Get deals when dining at partner restaurants
• Rewards – Enjoy free beverages, desserts or memberships to food programs 
• Points – Collect extra points on visiting partner restaurants during promotions 

Lifestyle Cards

With this card, you can enjoy a range of lifestyle-related rewards, benefits and deals. It offers savings on the following:

• Shopping – Access to special deals online and offline
• Dining – Exclusive discounts while dining out with friends, colleagues or family
• Entertainment – Access to exclusive events, discounts on movie tickets and more
• Gym Memberships – Discounts on memberships, spa packages etc. 

Fuel Credit Cards

If your job requires you to commute regularly, this credit card can help immensely. This credit card entitles you to:

• Fuel Surcharge Waiver – Helps waive off surcharge on bills 
• Reward Points – Earn more points for making fuel purchases and redeem them for fuel or other rewards
•  Partner Stations – Enjoy added benefits when swiping the card at partner fuel stations

Different credit cards help you unlock different benefits, and based on your requirements, choose the one best aligned with your shopping needs.  

Reward Cards

With these cards, you earn points for your everyday spending. You can redeem these reward points upon accumulation. Reward credit cards work in the following manner:

• Points – Earn points for swiping your card for all purchases with different points for different categories 
• Cashback – Get cashback in your account for eligible products and services
• Other Incentives – Redeem your rewards points for exciting vouchers, movie tickets, flight tickets, hotel stays and more

Cashback Credit Cards

As the name suggests, you earn cashback when you swipe this card immediately upon making a purchase. There may be a limit on how much you can earn as cashback monthly, so read the terms carefully. You will get options like:

• Percentage Back – Receive a percentage of your spending back depending on the purchase category and terms 
• Statement Credit – Cashback is credited to your card account, thereby reducing your bill

Travel Cards

If you are a frequent traveler, then a travel card is perfect for you. This card will make your travel more enjoyable and rewarding. Enjoy benefits such as:

• Air Miles – Earn miles for flight tickets, hotel bookings and dining
• Lounge Access – Enjoy complimentary access to airport lounges
• Travel Insurance – This will covers costs involved with lost baggage and other unforeseen circumstances based on the policies of the credit card company

Consider These Factors While Choosing Your Credit Card

When choosing your card, ask these questions; the answers will enable you to select a card best suited to you:

In most cases, you may be tempted to select a credit card that suits one major requirement. Why limit yourself? If you want a credit card that provides benefits across different categories, consider the One Credit Card. With it, you can enjoy lucrative offers on travel, groceries, retail, fashion and more. Every month, you can also earn 5X rewards on your top two spending categories.

This credit card also comes with a powerful app that makes it easier for you to track your monthly expenses. You can also get a fuel surcharge waiver along with discounts on dining and travelling. Apply now and enjoy the benefits of this lifetime-free credit card.