Credit cards Saving vs. Spending In India 2022.

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In this article, we’ve covered those credit cards by these card issuers that offer some of the highest reward rates on conversion of Reward Points into KrisFlyer Miles.

1. HDFC Bank INFINIA Credit Card Metal Edition

Infinia Credit Card earns you 5 Reward Points for every Rs. 150 spent which can be converted into AirMiles via net banking on one of partner airlines’ loyalty programs. Since Singapore Airlines is one of HDFC’s partners, you can convert the Reward Points earned on your HDFC Infinia Credit Card into KrisFlyer Miles. 100 Reward Points = 100 KrisFlyer Miles (1:1 conversion ratio), making the effective reward rate of HDFC Infinia Credit Card 3.3% (if Reward Points are redeemed against Air Miles).

2. HDFC Bank Diners Club Black Credit Card

The Diners Club Black Credit Card by HDFC Bank is the second most premium offering by the bank after the Infinia Card. Unlike Infinia, although Diners Club Black Card is not invite-only, it does, however, come with quite strict eligibility criteria (minimum gross monthly income of Rs. 1.75 lakh) and a membership fee of Rs. 10,000 per annum.

The reward rate of both Infinia and Diners Club Black Credit Cards is the same (5 Reward Points per Rs. 100 spent). The Reward Points earned can be converted into KrisFlyers Miles via net banking. 100 RP = 100 KrisFlyer Miles (conversion ratio 1:1). Thus the effective reward rate of Diners Club Black Credit Card also becomes 3.33% (same as Infinia).

To know more about using rewards from credit cards, visit: https://cardinsider.mystrikingly.com/blog/how-to-use-the-credit-card-reward-points

Here are some ways to redeem your credit card reward points for shopping online.

If you’re looking for a discount on your next online shopping spree or even looking for some cash back, your credit card rewards points can provide both. Some credit card issuers let you use rewards points to pay for all or some a purchase at select online stores.

Getting money deposited in your bank account or a statement credit is a great way to use your reward points. You can use the money to pay your bills, add to your savings balance, or reduce your credit card debt. You can also use the rewards to pay off part of your existing debt or move it into an account that pays you interest.

Buying gift cards is an ideal way to use your credit card rewards. Gift cards give recipients value and flexibility. And many credit card companies join with retail stores to give you an extra perk when you redeem your points for a gift card. For example, redeeming 1000 ruppee worth of rewards or points for a gift card might get you another 1000 ruppee gift card instead. And some card issuers let you redeem smaller amounts of points for gift cards compared with the points required for larger reward items. So you can get a gift card for a larger monetary amount for fewer points.

If you redeem your accumulated card rewards for travel, you can net hundreds of dollars in savings on airfare and hotel accommodations. The caveat is that travel-related rewards often require that you have a lot of points saved up. Travel rewards may also be subject to blackout dates, which may make this redemption option less desirable for some. But, if you’re willing to let your points add up and work around the blackout dates, you can get some great free travel. All you have to do is log into your online reward portal and get your discount.

To know more about Health and welness credit cards, visit https://www.slideserve.com/kartik7/best-health-and-wellness-credit-cards-in-india

Due to this, various banks and credit card companies have joined forces with various brands to offer co-branded health and wellness credit cards. Partnering up with companies such as Practo and Apollo, these credit cards come with a wide range of benefits for cardholders such as discounts on annual doctor checkups, complimentary fitness sessions, free video consultations with doctors, and more.

• Yes Bank Wellness Credit Card offers 6 free fitness sessions, a Complimentary annual health check-ups, 20 reward points for every Rs 200 spent at pharmaceutical stores or chemists, and 4 reward points for every Rs 200 spent on other category expenses.
• Yes Bank Wellness Plus Credit Card offers Complimentary annual health check-ups, Complimentary annual dental and eye check-ups, Unlimited consultations with general practitioners, and nutritionists, 12 free fitness sessions, Upto 30 reward points for every Rs.200 spent at chemist or pharmaceutical stores, Domestic lounge access, On death due to a flight accident, get a life insurance cover up to Rs.1 crore.
• Apollo SBI card offers Complimentary OneApollo Gold Tier membership, 3X accelerated rewards for every Rs.100 that you spend on Apollo services, Fuel surcharge waiver.

To know more benefits visit https://www.klusster.com/portfolios/karan-negi/contents/343064

Let’s get into the accumulated benefits and features of these cards:

• Welcome Benefits: On joining the card membership, you get tons of welcome benefits associated with the Kotak Mahindra Cards. These benefits can be of different types like complimentary premium memberships, gift vouchers, bonus reward points, accelerated cashback, and many more. You generally get these benefits after paying the joining fee or on achieving the stipulated milestone spend within a few initial months.
• Milestone Benefits: Milestone benefits are the benefits that are offered to you when you achieve a given minimum spend within a pre-specified time period, which is generally of one anniversary year. Similar to the welcome benefits, the milestone benefits can also be in the form of bonus rewards, accelerated cashback, and many more.
• Milestone Benefits: These benefits can be availed after the transactions you have made from your Kotak credit card have achieved a certain milestone set by the card company. These might include membership offers, OTT platform subscriptions, discount bonuses, gift vouchers, and many more. These benefits can also be in the form of cashback and rewards.
• Movie & Dining Benefits: The Kotak Bank also keeps the entertainment needs of its customers in mind and provides them with several benefits over the same. You can avail of complimentary movie tickets, great discount offers on movie and dining, and many more such privileges.
• Other Benefits: Along with providing exciting benefits over different categories, the Kotak Mahindra Cards also come with various extra advantages, including complimentary Golf games/lessons, insurance benefits, a fuel surcharge waiver, spend-based joining & annual fee waiver, and many more.

To know more about credit cards visit: https://cardinsider.my-free.website/blog/post/1985476/your-guide-to-different-types-of-credit-cards

There are many banks in India that provide different types of credit cards. The cards are divided based on the rewards and benefits they offer and the income and spend requirements of the applicants. Customers can choose any credit card that helps them avail a lot of benefits and is an ideal match for their requirements. For example – If you travel a lot, then a travel card is best for you as it can help you earn air miles, access airport lounges, etc. In India, credit cards are offered in collaboration with the following payment networks - Visa, MasterCard, American Express, Diner’s Club, etc.

• Contactless Credit Cards
• Credit cards for Women

Contactless credit cards are equipped with a unique payment technology that allow cardholders to make payments by simply tapping their cards at POS terminals. These contactless transactions do not require the customers to enter any PIN number to make purchases and are extremely secure. These cards offer several benefits such as discounts, cash rewards, entertainment benefits, reward points, welcome gift, lounge access, concierge service, insurance policy, etc.

To ensure their female customers get the maximum benefits, some banks have introduced credit cards that are exclusively designed for women. These Women credit cards mainly focus on shopping rewards and cashback offers. Apart from this, cardholders can get bonus reward points, fuel surcharge waiver, insurance, etc. They can also earn reward points when they make purchases using their credit cards. There are few credit cards for women that offer amazing travel benefits.

Some of the popular credit cards for women are:

• HDFC Bank Solitaire - Premium Women's Credit Card
• Kotak Mahindra Bank Silk Inspire Credit Card
• Citibank Rewards Credit Card

For more detailed information visit: https://www.slideserve.com/kartik7/lifetime-free-credit-cards

Here are some of the best lifetime free credit cards:

Amazon PAY ICICI credit card benefits in Co-branded Benefits

IDFC First Select Credit Card benefits in Rewards and Online Shopping

HSBC Visa Platinum Credit Card benefits in Movies and Rewards

Bank of Baroda Prime Credit Card benefits in Cashback

RBL Insignia Preferred Banking World Credit Card benefits in Premium Privileges

If lifetime free Credit Cards come without charges, how do banks earn money from the service? A major portion of Credit Card revenue for banks comes from merchant fees – when you buy a product using a Credit Card, a percentage of its value goes to the card-issuing bank.

So, yes, a Credit Card can be free if you use it smartly.

TO know more About IDFC Credit Cards visit, https://issuu.com/kartik745/docs/best_idbi_credit_cards.pptx

IDBI Bank’s four credit cards cater to different categories including travel, shopping, reward points, and luxurious privileges. 

IDBI Bank is prepping for the launch of a co-branded credit card with the Life Insurance Corporation (LIC). LIC is also one of the largest shareholders of the bank. The bank will be joining with the LIC Card Services which is a wholly owned subsidiary of the insurance giant.

This move will be considered as a part of their strategy to work on the synergies between the 2 organisations. This comes after the Life Insurance Corporation of India has acquired the majority of stakes in the bank back in 2019.

To apply for IDBI Bank credit card, you can on the bank’s website or you can visit the nearest IDBI Bank branch. The bank officials will guide you with the credit card application process. On submitting the required documents, the bank will process your application further and will dispatch the card to the mentioned address, if approved

Read more about Credit card balance utilization at https://nayanmahorr.blogspot.com/2022/08/how-much-of-the-credit-card-balance-should-i-use.html

Shown as a percentage, it represents how much credit you use compared to how much you have available to you

Before approving your credit application, lenders and creditors also look at your utilization rate to determine how much of a risk you are. A high utilization indicates that you could be a subprime borrower who may have trouble paying back a loan or credit card bill because you already have a lot of debt, whereas a low utilization rate illustrates you’re able to manage credit responsibly.

No matter where your credit utilization rate stacks up against the average, know that the magic to a healthy utilization ratio is maintaining a low credit card balance and a high credit limit. The closer you can get to having a single-digit utilization, the better. Prioritize paying down your balances and once you’ve made a dent in your debt, you could consider asking for a credit limit increase.

Click on the link to know about sbi simply save credit card: https://cardinsider.bcz.com/2022/07/29/what-are-the-pros-and-cons-of-the-sbi-simplysave-credit-card/

Pros of getting the SBI Simply Save Credit Card

• Exclusive benefits towards various segments like movies, dining and at departmental stores. 
• You can earn 10 reward points for every 100 rupees spent on dining, movies and at departmental or grocery stores. 
• You can earn 1 reward point for every 100 rupees spent on all other transactions, and 4 reward points are equal to one rupee. 
• This credit card also has worldwide acceptance. 
• You also have the fuel surcharge waiver at any petrol bunk. 
• The joining fee is very minimal at just Rs.499. You get Rs.100 cashback on your first ATM withdrawal done within 30 days of your card issuance. 
• You also have other features like balance transfer and easy money. 

Cons of getting the SBI Simply Save Credit Card

There are not many disadvantages to getting this card. Except that, you have an over-limit fee of 2.5% of the total over-limit amount. The conversion mark-up for foreign currency transactions is 3.5%, and you also have to pay Rs.99 to redeem your reward points.

Click on the link to know more about the latest offers on rent payments via credit cards: https://anynote.co/post/39869_if-you-are-searching-for-the-latest-offers-on-rent-payments-via-credit-cards-the.html

Why Should You Pay Rent Using a Credit Card?

Let us first understand why it is beneficial for you to pay rent using a credit card:

1. Earn Reward Points: Unlike cash transactions, paying rent using credit cards can buy you reward points that can be redeemed to get discounts on future purchases or bookings from renowned brands. For example, Magicbricks is one platform that offers reward points and exclusive offers to make rent payments using credit cards.

2. Free Credit Period: When you pay rent using a credit card, you get 45 days of the free credit period. Therefore, if you pay your credit card bill within these 45 days, you won’t have to pay any interest charges.

3. Timely Payments: Let’s assume, your rent is due on the first of every month but your salary is credited on the 5th or 6th. In such a case, you won’t have to go through the embarrassment of convincing your landlord regarding delayed payment if you pay the rent using a credit card. Also, you can pay the credit card bill with a free credit period of 45 days to avoid interest on your rent payment

4. Boost your Credit Score: If your credit score is on the lower side (below 750), you can improve it (to 750 or above) by frequently making large transactions (like rent). For those who don’t know, a credit score is taken into consideration by banks or NBFCs before deciding if an individual is eligible for a loan. However, it is advisable not to go above 30% of your credit utilization ratio as it can impact your credit score negatively.

5.  Minimum Formalities: All the platforms that allow you to pay rent using credit cards ensure to make your rent payment process seamless by offering cutting-edge technology. Also, you just need to fill in your landlord’s details just ones and then you can automate the rent transaction (if your credit card issuer allows) for the rest of the year.

6. Meet the Annual Spending Limit: A lot of users who own a credit card face the issue of not meeting the annual spending limit of their credit card. However, by paying rent using a credit card every month, you will be easily able to meet your annual spending limit.

Click on the link to know more about the credit cards without a Pin: https://anynote.co/post/40681_if-you-are-searching-to-use-credit-card-without-a-pin-then-just-click-on-the-lin.html

Credit Versus Debit Transactions

Historically in the United States, debit card transactions have been PIN based and credit card transactions have been signature based. Today, however, most of the major credit card companies including Visa and Mastercard allow their networks to be used for debit as well as credit card transactions. As a consumer, you have the option of paying via debit or credit with the same card. You can typically choose to sign or enter a PIN at the cash register.

How to Pay By Credit

To make sure you're using your card as a credit, look at the Point of Sale or POS machine to see if there is a "credit" option to pay for your purchase. Most POS machines will have debit and credit buttons. If you can't see the POS machine, ask the sales representative whether or not there is a "Credit Card" option for payment. If there is, swipe the magnetic stripe that is on the back of your credit card through the POS machine or insert the card into the designated slot if it has a chip. All you have to do then is sign the credit card receipt to complete your credit card payment.

Things to Watch Out For

If you're using your card as a credit card, be sure to keep the "customer copy" of the receipt for your records. You will need this to reconcile the transaction with your credit card statement when it arrives at the end of the month. Be aware that many locations will only require you to sign for your purchase if the purchase amount is more than $25 and some will not require a signature at all; where a signature is not required, swiping your card should suffice. As long as you selected the "credit" option at the point of sale, the transaction will still count with your credit card company as a credit card purchase.

Click on the link to know more about the best federal bank credit cards: https://www.slideserve.com/kartik7/feddral-bank-credit-cards

Federal Bank offers credit cards for anyone who is looking for a credit card with regular benefits and a simple rewards program. These credit cards let their users shop and save at the same time through cashback or rewards. You can apply for any of the credit cards based on your eligibility, spending pattern and repayment capacity. Here are some of the top Federal Bank credit cards that you can refer to find your perfect match: 

Other Federal Bank Credit Cards

Apart from the above-mentioned credit cards, the bank also offers several other credit cards under different categories. You can choose your perfect card as per your spending pattern and the benefits provided by the credit card. Here are some of the other credit cards offered by the Federal Bank:

Federal Bank Visa Celesta Credit Card

• ₹ 3,000
• Travel & Lifestyle

Federal Bank Visa Signet Credit Card

• ₹ 750
• Lifestyle & Entertainment

Federal Bank Rupay Signet Credit Card

• ₹ 750
• Lifestyle & Entertainment

Federal Bank Imperio Credit Card

• Rs.1,500
• You get an Amazon Pay e-voucher worth Rs.1,000 as a welcome gift.
• You get 3x reward points on your grocery spends. 

Federal Bank SBI VISA Platinum Credit Card

• Rs.2,999
• A gift voucher worth Rs.3,000 from partner merchants as a joining gift.
• For every Rs.100 spent, get 2 reward points.

Click on the link to know more about the 5 credit cards for shopping in india: https://cardinsider.mystrikingly.com/blog/top-5-credit-cards-for-shopping-in-india

Flipkart Axis Bank Credit Card

Amazon Pay ICICI Credit Card

HSBC Cashback Credit Card

HDFC Millennia Credit Card

Axis Bank ACE Credit Card

SBI SimplyCLICK Credit Card

HDFC MoneyBack Credit Card

Axis Bank Buzz Credit Card

Standard Chartered DigiSmart

Axis Bank Neo Credit Card

Cashback on your Purchase

There is a favorite brand or a favorite online shopping platform for each and every person from where he/she likes to shop too often. If you shop at an e-commerce portal a lot or prefer a brand over others in a particular category, you should definitely go for a credit card that provides maximum benefits where you shop the most.

Discount at Partner Brands

There is a favourite brand or a favourite online shopping platform for each and every person from where he/she likes to shop too often. If you shop at an e-commerce portal a lot or prefer a brand over others in a particular category, you should definitely go for a credit card that provides maximum benefits where you shop the most.

Milestone Gift Vouchers

Many card providers provide gift vouchers on reaching a definite milestone. If you spend much, you can aim for these vouchers and get a chance to buy products using these vouchers.

Bonus Points on Online Purchases

In order to promote online shopping, many card providers offer bonus points on online purchases. You can earn up to 10X reward points which can be redeemed for gifts, vouchers, recharges, statement credits, etc.

Click on the link to know about the Best Lic credit cards in india 2022.

Top Credit Cards offered by LIC

The following table lists the top LIC credit cards that you should explore. For your convenience, you can also check out their annual fee and their respective categories.

An LIC credit card brings customers into a world of exceptional privileges and unbeatable benefits. Starting from complimentary insurance, rewards program, add-on cards, MasterCard and Visa privileges, fuel surcharge waiver and a LIC credit card carries all the requirements to help customers make hassle-free purchases.

An LIC credit card offers a plethora of privileges ranging from lifestyle, travel, dining, shopping, entertainment and health. Additionally, card holders can also get complimentary insurance cover for their credit cards and get

An LIC credit card brings customers into a world of exceptional privileges and unbeatable benefits. Starting from complimentary insurance, rewards program, add-on cards, MasterCard and Visa privileges, fuel surcharge waiver and a LIC credit card carries all the requirements to help customers make hassle-free purchases.

An LIC credit card offers a plethora of privileges ranging from lifestyle, travel, dining, shopping, entertainment and health. Additionally, card holders can also get complimentary insurance cover for their credit cards and get rewarded with an exceptional loyalty program. 

An LIC credit card brings customers into a world of exceptional privileges and unbeatable benefits. Starting from complimentary insurance, rewards program, add-on cards, MasterCard and Visa privileges, fuel surcharge waiver and a LIC credit card carries all the requirements to help customers make hassle-free purchases.

An LIC credit card offers a plethora of privileges ranging from lifestyle, travel, dining, shopping, entertainment and health. Additionally, card holders can also get complimentary insurance cover for their credit cards and get

An LIC credit card brings customers into a world of exceptional privileges and unbeatable benefits. Starting from complimentary insurance, rewards program, add-on cards, MasterCard and Visa privileges, fuel surcharge waiver and a LIC credit card carries all the requirements to help customers make hassle-free purchases.

An LIC credit card offers a plethora of privileges ranging from lifestyle, travel, dining, shopping, entertainment and health. Additionally, card holders can also get complimentary insurance cover for their credit cards and get rewarded with an exceptional loyalty program.

Click on the link to know more about the Best Credit Cards in India for 2022: https://www.storeboard.com/cardinsider1

The right credit card that suits your needs the best can not only help you save some bucks but also earn rewards through those expenditures. So let’s not drag it and jump right into the list of bests for different people with different interests. 

The cards are based on the following categories: Best for salaried individuals, Best for beginners, Best premium credit card,  Best zero annual fee credit card, Best credit card for travel, Best credit card for online shopping, and finally, Best business credit card.  

1. HDFC Millennia.
2. Axis Ace FREE.
3. Amex MRCC.
4. RBL Zomato Classic..
5. Axis Flipkart.
6. ICICI Amazon Pay.

1. HDFC Millennia

If you’re new to the world of credit cards, you have no reason to skip the HDFC Millennia credit card. That’s applicable no matter what other card you get.

2. Axis Ace Credit Card.

A neat and simple credit card that gives 2% cashback on all your regular spends. This HOT pick of 2021 beats many premium cards when it comes to reward rate and it continues its position in 2022 as well.

3. Amex MRCC

American Express Membership Rewards Credit Card (MRCC) is the best way to get into the world of Amex. If you use this card just to get the 1000 MR bonus points monthly, you can easily get a return of more than 10%.

4. RBL Zomato Credit Card.

If FREE food is something on your mind, RBL Zomato Classic Credit card is all that you need. It’s one of the fastest to get approved, even without RBL bank a/c.

5. Axis Flipkart Credit Card.

If you shop often on Flipkart, you shouldn’t be missing out on this co-branded credit card, as you can avail both the Flipkart offers and the 5% cashback.

6. ICICI Amazon Pay Credit Card.

If you shop frequently on Amazon and if you’re an Amazon Prime customer, you cannot afford to miss this wonderful card.

Click on the link to know more about the best citibank credit cards in india 2022: https://www.edocr.com/v/o5qrn3jo/Cardinsider/best-citi-bank-credit-cards-in-india

Purpose of Best Citibank Cards

You must know the purpose for which you can apply for these credit cards. See the categories in which they are the best in savings.

Citi Rewards Credit Card

If you know how to earn reward points on a credit card and how to redeem all of them then this credit card is one of the best reward point credit cards. It gives you the opportunity to earn thousands of reward points and you can redeem them against various brands.

Citi Cashback Credit Card

You can earn a lot of cashback through this credit card. This credit card will save some bucks on utility bill payments and movie tickets. You will receive cashback on the utility bill payments and buying movie tickets.

Indian Oil Citi Credit Card

It is one of the best fuel credit cards that earn turbo points. These turbo points are redeemable at the refilling stations and thus cut off your fuel expenses. This card is best for those people who have a high amount of fuel consumption.

Citi Prestige Credit Card

This credit card comes under the premium category because it will give you a luxurious experience. You can visit the airport lounge for free through this card and there is no maximum limit for the free lounge visits. On the other hand, you can enjoy free visits to the golf courses and get free golf lessons.