The Daily Information about credit cards.
By Prakhar
The Daily Information about credit cards.Apr 29, 2022
Credit Card Points vs Cashback
Most individuals use a credit card just to enjoy the offers and deals. There are some credit card users who prefer it because of its reward points and Cashback offers. But it is really important for you to understand the difference between Cashback vs Reward Points in Credit Cards. The major difference between a Cashback and Reward Points is that the Cashback offers are only available at the partner outlet whereas a reward point is available almost on all the transactions. So, here you can see the comparison between the reward points and Cashback if you are a frequent user of a credit card. Once you know the difference between these two then it will be easy for you to make the optimum use of your credit card.
Click on the link to know more about credit cards cashback and points: https://cardinsider.quora.com/Credit-Card-Points-vs-Cashback-Differences-You-Must-Know
Credit Card Cashback
Cashback offers are usually applicable to those transactions that are done at a particular brand outlet.
Credit Card Reward Points
You can earn reward points on almost all the transactions depending upon the minimum transaction required.
ARE FUEL CREDIT CARDS WORTH IT?
With the price of fuel rising every year, a lot of people are looking for credit cards that could help them save on their fuel expenses. While most of the cards offer a certain amount of fuel surcharge waiver per month, there are cards designed specifically to cater to your fuel needs. Such cards help you save in the form of cashback, accelerated reward points, co-branded benefits, and more. Some of the best fuel credit cards in India come from leading card issuers like SBI Card, HDFC Bank, and Citibank.
- Indian Oil Citi Credit Card
- Bank of Baroda Prime Credit Card
- BPCL SBI Credit Card
- HDFC Bharat CashBack Credit Card
- IndianOil HDFC Bank Credit Card
- IndianOil Axis Bank Credit Card
Click on this link to know more about FUEL CREDIT CARDS WORTH IT: https://6225ebd1d8471.site123.me/blog/are-fuel-credit-cards-worth-it
Benefits Of Fuel Credit Cards
With many banks and financial institutions offering credit cards, the benefits that come with Fuel Credit cards differ. Apart from lowering the expenses with regard to purchasing fuel, some other benefits that come with Fuel Credit cards are as follows:
- Get Reward Points
- Redemption of points earned
- Eligible for Cashback
- Eligible for Surcharge Waiver
- Dining offers
- BookMyShow Offer
- Eligible for Turbo Points
- Waiver of Annual Fees
- Can make utility bill payments
- Eligible for Telecom benefits
- Concierge Service
HDFC Infinia vs HDFC Regalia Credit Card
Most of the individuals are in the dilemma that which credit card they must choose between HDFC Infinia and HDFC Regalia. Both the credit cards are unique in their own way. If HDFC Regalia Credit Card has the free lounge access then the HDFC Infinia also has the offer of free airport lounge access. Then, what is the difference between these two cards? Are both of them the same? Now, let’s see which card stands tall in HDFC Infinia vs HDFC Regalia. Have a look at all the features and then you can point out the differences between these two credit cards.
Click on the link to get information about the HDFC Infinia vs HDFC Regalia Credit Cards: https://cardinsider.blogspot.com/2021/12/hdfc-regalia-vs-infinia-credit-card.html
Major Difference Between HDFC Infinia Credit Card and HDFC Regalia Credit Card
HDFC Infinia Credit Card Welcome Offers:
- Get a Free One-Year Membership of Club Marriot.
- Enjoy a 20% Discount on staying Dining across Aisa Pacific in this membership.
- 15% off on up to 10 guests on the selected hotels.
- This offer is valid only for the primary cardholders and for 1 year only.
HDFC Regalia Credit Card
- Get Zomato Gold membership for Free as a welcome gift.
- Get a Complimentary Dish whenever you visit the Gold Food Partner Restaurants.
- You can also get up to 2 complimentary drinks at the Gold partner Restaurants.
- In order to avail this offer, you have to reach a transaction of at ₹75000 within 3 months.
How Does Cashback Work On Credit Cards?
Cashback credit cards offer a percentage of cash back on every qualifying purchase. Some credit cards offer a flat percentage back on all purchases, while others offer higher cashback percentages on popular spending categories like gas or groceries.
Unlike travel credit cards, which often reward cardholders with points or miles that have different values depending on how they are redeemed, cashback rewards have a fixed cash value. Cardholders can redeem that cash back in the form of statement credits, online purchases, and more.
Click on this link to know more about how does cashback works on credit cards: https://www.launchora.com/story/how-does-cashback-work-on-credit-cards
What is cashback?
When a credit card offers cashback rewards, it means that the cardholder receives a certain percentage of every qualifying purchase back. If a credit card offers 1.5 percent cash back on every purchase, for example, you’ll earn 1.5 cents in cashback rewards for every dollar you spend.
How to earn cashback
How does cashback work on credit cards? It depends on the card.
Some cashback cards offer the same cashback rate on every purchase. Others offer higher percentages of cashback for certain types of purchases, like travel, dining, groceries, or gas. A select number of cashback cards rotate their highest-earning cashback categories every quarter or allow you to choose and change your bonus category.
Flat-rate cash back cards
Flat-rate cash back credit cards offer the same cashback percentage on every qualifying purchase. It doesn’t matter whether you’re buying groceries at Costco or shopping online at Amazon.com—you earn the exact same percentage of cashback per dollar spent.
Best HDFC Credit Cards Of 2022
The choice of a credit card can be very subjective and depends on what a person is looking to use it for. Since there can’t be a single card for all, we have picked some of the best credit cards from those issued by HDFC Bank to help you understand which ones suit your needs the most.
Click on the link to know more about best HDFC CREDIT CARDS 2022: https://issuu.com/kartik745/docs/top_5_best_hdfc_bank_credit_cards_in_india_2022
- HDFC Bank Regalia Credit Card
- INFINIA Credit Card Metal Edition
- Business MoneyBack
- Platinum Times Credit Card
- InterMiles HDFC Bank Platinum Credit Card
Methodology
We analyzed up to 50 credit cards issued by the HDFC Bank and selected the best among them based on some basic criteria:
- Value for money: This was the most important factor that has been taken into consideration. The cards that provide maximum benefits made it to our list.
- Cashback: Half a star to credit cards providing cash backs and half a star where the system of credit is not complicated and easy for the customers to understand.
- Annual Fee and joining fee: Half a star to credit cards without any annual fee and half for no joining fee.
- Availability for all income groups: Half a star if the services of the credit card are available for all income groups, and another half if services extend to multiple geographies and not just major cities.
- Welcome gifts: Half a star for welcome gifts and half a star for easy usage of those gifts.
- Additional benefits: Half a star to credit cards
Best Tips For Paying Off Credit Card Debt
Ready to learn the best ways to pay off your credit card debt? It’s easy to feel stuck when you’re struggling to make minimum payments and frustrated with how far your financial goals seem to be. However, no matter how bad you think your situation is, there’s a way out that will work for you. Here are 10 practical ways you can quickly tackle your maxed-out cards and take your first real steps towards getting out of debt.
Click here on this link to know more about Tips For Paying Off Credit Card Debt: https://www.123articleonline.com/articles/1300093/best-tips-for-paying-off-credit-card-debt
1. Set a Goal
Start by Setting a Goal You Can Achieve
It’s important to set realistic goals for yourself, especially when they’re about paying off high-interest credit cards or other types of consumer debt (overdrafts, lines of credit, vehicle loans, etc.).
2. Put Your Credit Cards on Ice
Yes, We Mean That Literally
This might be hard to hear, but getting out of debt means taking your credit cards out of your wallet so you’re not tempted to use them.
3. Prioritize Your Debts
Credit Cards, Loans, Mortgages, etc.
Make a complete list of all your debts (outstanding balances, interest rates, and charges) and list them in order of importance. Mortgage and vehicle payments are at the top of most lists because they provide your shelter and transportation for getting to and from your job.
4. Trim Your Expenses
Free Up Some Cash to Pay Debt Faster
Speed up your debt repayment and get out of debt fast by reviewing your monthly expenses and looking for ways to cut your costs.
5. Create a Monthly Spending Plan
It Will Help You Avoid More Debt
To learn how to get out of debt and stop borrowing from your credit cards, again and again, create a monthly spending plan for your money.
6. Use the Avalanche Method
The Most Popular Way to Get Out of Credit Card Debt – Some Claim It’s the Best
Many people have found that the Avalanche Method was the best way for them to get out of credit card debt.
7. Use the Snowball Method
A Highly Motivating and Popular Debt Reduction Strategy
Another method a lot of people like to use to get out of debt is to pay off small credit card balances first. This can have a powerful psychological effect on many people because they can feel like they’re making progress sooner.
8. Use Savings
This Will Help You Pay Down Debt Faster
Many people regularly contribute to a savings plan, which is great, but this money could help you pay down what you owe faster.
9. A Debt Consolidation Loan
A Balance Transfer Could Also be a Good Option
When used correctly*, debt consolidation loans and balance transfers are excellent ways to get out of debt.
10. Refinance Your Mortgage
Consolidate Your Debt With Home Equity
If you own your home, you may have enough equity to consolidate all your debts into your mortgage. If you don’t have much equity in your home, additional mortgage insurance costs could be expensive. Consider your options and seek advice from someone other than your lender (since they have a vested interest in your choice).
Benefits of axis bank ace credit card
If you are looking for a credit card that offers cashback on your spending, then you can opt for the Axis Bank ACE Credit Card. This credit card provides you with a host of benefits including 5% cashback on the payment of bills and phone, DTH, or other recharges through Google Pay and 2-4% cashback on other types of spends. You can apply for this credit card by visiting Axis Bank’s official website.
Click on this link to get more information about the Benefits of axis bank ace credit card: https://truxgo.net/blogs/220841/540147/benefits-of-axis-bank-ace-credit-card
Some of the reasons why it is a good option to apply for Axis Bank ACE Credit Card are:
Unlimited cashback
- Complimentary access to domestic airport lounges
- Discounts on dining at the bank’s partner restaurants in India
- Fuel Surcharge Waiver
Features and Benefits of Axis Bank ACE Credit Card
Given below are the features and benefits of Axis Bank ACE Credit Card:
- Unlimited cashback for every spend
- Complimentary access to domestic airport lounges
- Fuel Surcharge Waive
- Dining Delights
- Purchases can be converted to EMI
How To Redeem RBL Credit Card Reward Points
RBL Bank offers an exclusive loyalty program for credit card holders, rewarding them with personalized gifts from an eclectic array of products, vouchers, etc., for every spend transaction done. Accrued rewards points can be redeemed for bus tickets, airline tickets, fashion, electronics, beauty products and much more. RBL credit cardholders will be automatically enrolled in the Rewards program and all a customer has to do is to activate his/her online account.
Rewards accounts can be activated by visiting the RBL rewards website and entering a few details to complete the process. Customers can also call up the RBL rewards Service Centre to activate their accounts. Indian citizens holding an RBL credit card will be eligible to join the rewards program. RBL rewards points carry a validity of 24 months from the date of accrual.
Click on this link to get to know about how to redeem RBL Bank credit cards: https://cardinsiderin.wordpress.com/2022/03/17/how-to-redeem-rbl-credit-card-reward-points/
RBL Bank Credit Card Reward Points Redeem
- Earn Rewards from RBL Bank.
- How to Redeem RBL Rewards Points Online.
- What You Can Redeem From RBL Rewards Points.
- RBL Reward Catalogue.
How Do You Redeem Rewards Points with RBL Bank?
In order to redeem rewards points with RBL Bank customers have to follow the below-given steps:
- RBL credit cardholders have to log in with their usernames and passwords to the RBL rewards site.
- Cardholders can then select the category they wish to redeem the gift. For example - travel, shopping, recharge or gifts.
- After choosing this, customers have to click on Redeem points and then select the number of rewards points they want to redeem.
- An OTP will be sent to the customer’s registered mobile number, which needs to be entered to successfully make the payment and complete the redemption.
- If a customer falls short of rewards points, and RBL credit card can be used to pay for the remaining points required.
How to Choose a Cash-Back Credit Card
Pick your ideal cash-back card by considering which type fits your spending habits and appetite for complexity.
Click on this link to know more about the best Cashback credit cards in India: https://creditcardmentor.blogspot.com/2022/03/how-to-choose-best-cash-back-card.html
Be sure cashback is right for you
If you’re already sure, skip to the next section about deciding on the types of cash-back cards. Otherwise, here are the benefits of cash-back cards:
Pros of cash-back cards
Cashback cards are so popular because they’re easy to understand, and the main benefit comes in the most useful rewards currency: dollars (as opposed to points or frequent-flyer miles.)
Click here to get full information on the best cashback credit cards in India...
Using a cash-back card is like getting paid to spend money that you were going to spend anyway. Or put differently, it’s an automatic discount on whatever you buy with the card. Big spenders can easily earn hundreds of dollars per year in cashback.
Cashback comes in different forms, depending on your card. Typical options are:
- A statement credit (making your next credit card bill lower).
- A deposit into your bank account.
- A mailed check.
- Most cash-back cards don’t charge an annual fee.
What’s the best American Express cashback credit card?
I’m a big fan of Amex credit cards, especially the cashback ones, but which is best?
They’re the Amex Platinum Cashback Credit Card and the Platinum Cashback Everyday Credit Card. On the whole, they’re very similar. But there are key differences in the fee you pay (one charge, ones doesn’t) and how much cash back you earn.
Click on this link to know more about Best American express Credit cards : https://issuu.com/kartik745/docs/best_american_express_credit_cards
How you earn cashback
Cashback is earned in a few different ways, especially in the first year.
If you want to know about the 5 Best American Express Credit cards.
Referral bonus
When you first open the card you can either get a referral bonus from a friend who has the card, or sign up via a cashback site. This extra initial cashback is worth between £5 and £25 depending on the card and referral source.
Ongoing cashback
After your welcome bonus you can keep on earning cashback with every full pound you spend. Right now you can’t beat the cashback offered by American Express.
The rate is between 0.5% up to 1.25% back. The best you’ll get on everyday spending on Visa and Mastercard is 0.25%.
How Do I Check The Status Of My Credit Card Application?
Credit cards have become an indispensable part of people’s lives as expenses continue to increase along with spending capacity. If you made a credit card application and are looking for the status, you can look for the credit card status check and track your application.
Many banks and credit card issuers allow customers to check their credit card application status online through their website. There are also offline methods to do so, such as customer care phone number or the bank branch. The below section details the steps for checking the credit card status.
Click on this link to know more about credit cards application: https://www.apsense.com/article/how-do-i-check-the-status-of-my-credit-card-application.html
How to track the credit card status of top card issuers in India
Click here to know about the credit cards application.
To help you track credit card status, we have comprised a list of top-performing banks in India.
- HDFC credit card status
- SBI credit card status
- ICICI credit card status
- Amex credit card status
- Axis credit card status
- Citibank credit card status
- RBL Bank credit card status
- Standard Chartered credit card status
- Kotak credit card status
- YES bank credit card status
Best 5 ICICI credit cards
Have you been looking forward to getting an ICICI credit card for yourself? with a host of options available to choose from, it can undoubtedly be intimidating to narrow down to one. so how exactly should you select the best ICICI credit card from a host of options?
Click on this link to know more about ICICI Bank Credit cards : http://www.authorstream.com/Presentation/Rahul912-4894451-top-icici-bank-credit-cards/
ICICI Bank is known to offer a variety of credit cards to its customers, and it is easy to apply for one, as long as you meet the criteria to get a credit card from the bank. listed below are some of the best ICICI Bank credit cards for you based on their features.
1. ICICI Bank Rubyx credit card
2. ICICI Bank Coral Contactless card
3. ICICI Platinum Chip credit card – VISA
4. ICICI Bank Emerald credit card
5. ICICI Bank HPCL credit card