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Credit Card Online ComaprisionComparision

Credit Cards 1st Year Fee Benefits Joining Perks  
RBL BankThe American Express Membership Rewards® Credit Card 750 plus applicable taxes Discounted access to 31 Domestic Airport Lounges* at 14 cities in India.

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Welcome gift of 2 MakeMyTrip vouchers*, each worth 1,000 More Details Get Quote Required Documents
RBL BankThe American Express® MakeMyTrip Credit Card 750 plus applicable taxes Discounted access to 31 Domestic Airport Lounges* at 14 cities in India.

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Welcome gift of 2 MakeMyTrip vouchers*, each worth 1,000 More Details Get Quote Required Documents
RBL BankThe American Express® Gold Card 1,000 plus applicable taxes Enjoy greater flexibility in spending with "no pre-set" limit*.

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4,000 Bonus Membership Rewards® Points*, to be awarded on using the Card 3 times within the first 60 days of Cardmembership, upon payment of annual fee More Details Get Quote Required Documents
RBL BankThe American Express® Platinum Travel Credit Card 3,500 plus applicable taxes Spend 1.90 lacs in a year and get Travel Vouchers* worth up to 7,700. Spend Rs.4 lacs in a year and additionally get Travel Vouchers* worth up to Rs.11,800. Also get a voucher* worth 10,000 from the Taj Group.
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Welcome Gift of 5,000 Milestone Bonus Membership Rewards Points* redeemable for Travel Vouchers worth 4000 More Details Get Quote Required Documents
RBL BankThe American Express® Platinum ReserveSM Credit Card 5,000 plus applicable taxes Enjoy privileges* at Taj Hotels, Resorts and Palaces; Preferred Hotels & Resorts and Oberoi Hotels & Resorts Complimentary access* to leading golf courses in India
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Welcome Gift* of 11,000 Bonus Membership Rewards Points More Details Get Quote Required Documents
RBL BankThe Jet Airways American Express® Platinum Credit Card 5,000 plus applicable taxes Complimentary visits to 13 Domestic Airport Lounges* at 11 cities in India

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Welcome Gift* of 10,000 Bonus JPMiles + one-way complimentary Jet Airways Base Fare Waived Domestic Ticket on your first charge More Details Get Quote Required Documents
RBL BankRBL Bank Titanium Delight 0 1 reward point per 100 on all spendsMore Details Swipe your card within 60 days and get 2000 reward pointMore Details Get Quote Required Documents
RBL BankRBL Bank Platinum Maxima 2,000 Swipe your credit card within 60 days and get 8,000 Reward Points 2 Reward Points per 100 on all spendsMore Details Get QuoteRequired Documents
ICICI BankRBL Bank Platinum Delight 1,000 Swipe your credit card within 60 days of issuance and earn 4000 Reward Points 2 Reward Points for every 100 on all spendsMore Details Get QuoteRequired Documents
RBL BankICICI Bank Sapphiros 6,000 + Service Tax Benifits across shopping, travel and hotels in addition to complimentary access to select domestic airport loungesMore Details Joining Fees: 6,000 + Service Tax
Annual fee from 2nd year 3,500 + Service TaxMore Details
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RBL BankICICI Bank Rubyx 3,000 + Service Tax Benifits across shopping, travel and hotels in addition to 2 complimentary visits per quarter at select domestic airport loungesMore Details Joining Fees: 3,000 + Service Tax
Annual fee from 2nd year 2,000 + Service TaxMore Details
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RBL BankICICI Bank Coral 1,000 + Service Tax A unique microchip embedded your Visa / MasterCard Credit Card protects against counterfeiting and duplicationMore Details Joining Fees: 3,000 + Service Tax
Annual fee from 2nd year 2,000 + Service TaxMore Details
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RBL BankSBI Platinum 2,999 + Service Tax Get 5X Reward Points on Dining, Departmental stores, Grocery and International spends.More Details Joining Fees: 2,999 + Service Tax
Annual fee from 2nd year 2,000 + Service TaxMore Details
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RBL BankSBI Simply Save 499 + Service Tax Enjoy up to 2.5% value back, as you get 10X Reward Points per Rs. 100 spent at all Departmental and Grocery stores.More Details Joining Fees: 499 + Service Tax
Annual fee: Nil.2,000 + Service TaxMore Details
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RBL BankSBI FBB Style Up 499 + Service Tax Get freedom from paying the 1% fuel surcharge on every transaction of Rs. 500 to Rs. 3,000More Details Joining Fees: 499 + Service Tax
500 Rs FBB Gift Voucher 2,000 + Service TaxMore Details
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RBL BankSBI Air India Signature 4,999 + Service Tax Get 4 Reward points for every ₹ 100 spent on Air India SBI Signature Card. Get up to 1,00,000 bonus Reward points annuallyMore Details Joining Fees: 4,999 + Service Tax
Annual fee from 2nd year 4,999 + Service TaxMore Details
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RBL BankSBI Air India Platinum 1,499 + Service Tax Earn 2 Reward points for every Rs. 100 spent on your Air India SBI Platinum CardMore Details Joining Fees: 1,499 + Service Tax
Annual fee from 2nd year 1,499 + Service TaxMore Details
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RBL BankSBI Yatra Travelling Card 499 + Service Tax Get 6X Reward Points on spends at Yatra.com, Departmental and Grocery storesMore Details Joining Fees: 499 + Service Tax
Annual fee per anum 2,000 + Service TaxMore Details
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RBL BankSBI IRCTC Travelling Card 500 + Service Tax Buy tickets through irctc.co.in for AC1, AC2 and AC CC and earn up to 10% value back as Reward points. (1 Reward Point = Rs. 1)More Details Joining Fees: 500 + Service Tax
Annual fee 300 + Service TaxMore Details
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RBL BankSBI Simply Click 500 + Service Tax Earn 10X rewards on online spends with exclusive partners - Amazon / BookMyShow / Cleartrip / Foodpanda / FabFurnish / Lenskart / OLA / ZoomcarMore Details Joining Fees: 500 + Service Tax
Annual fee: Nil,500 + Service TaxMore Details
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RBL BankSBI Mumbai Metro 500 + Service Tax 10 reward points per Rs. 100 spent on Auto Top Up Spends, 10 reward points per Rs. 100 spent on grocery and departmental stores, 1 reward point per Rs. 100 spent on other catagories.More Details Joining Fees: 500 + Service Tax
Joining fee, one time: Rs. 499, 2,000 + Service TaxMore Details
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RBL BankSBI Elite Card 4,999 + Service Tax Complimentary membership to the Priority Pass Program worth $99. Access over 850 airport lounges worldwideMore Details Joining Fees: 4,999 + Service Tax
Annual Fee (one time): Rs. 4,999 More Details
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Credit Card Online OverviewOverview

Credit Card Online

In the present time it is not feasible any more to carry a thick pack of bank notes and coins in one’s wallet not only from the security perspective, but also from the point of view of convenience. With deference to these issues, credit cards, also known as plastic money, provide a viable alternative and its use is on the rise. Rather than to give much desirable alternative to cash.

When you make a purchase using your credit card, you are essentially taking out a short-term loan. The interest that is applicable on this loan will depend on when you pay it back. If you are able to make a payback before the due date, there will be no applicable interest. Credit cards also have a small grace period before the payment is due in any billing cycle, which can be something around 30-45 days. Paying before the end of the grace period will help you avoid any interest, while paying less than the total balance will accrue interest on the average daily balance.

We, at Myfundbucket.com, help you compare the various types of credit cards available vis-a-vis your requirements. Our analysis and suggestions are free from any inclinations that may adversely impact your financial planning


Key Benefits of a Credit Card

  • Alternative to cash:To have a credit card is a very secure and expedient to carry alternative to carrying a bundle of cash
  • Emergencies:If there is a medical emergency or some other kind of critical cash requirement, credit cards can provide help by making available instant credit under such situation.
  • Making big purchases: The whole concept of buy now, pay later, does tend to make it rather easier for people to make some big purchases, and setting up an EMI pay back method with their banks. You can also pay bills using credit cards.
  • Build your credit score: Owning a credit card is that it is easy to build a credit history through your credit card transactions. Also, repaying all your credit card dues in time will help improve your credit card score, which in turn can help you in getting loans in the future. Many times loan applications are rejected because the applicant doesn't have a credit history, and having a credit card is one of the easiest ways to build a history.
  • Welcome Offers: Most credit card issuers offer the card holder different credit card schemes or rewards in the form of gifts, discounts or free rewards.
  • Reward Points or Cash Back: Every time you make a purchase on your credit card, you receive a few reward points or a cash back reward credited to your account.
  • Secure Transactions:New credit cards feature the chip and pin system, which adds to their security, hence they are safer than carrying around large amounts of cash and save you from Credit Card Fraud.
  • Track your purchases:With a credit card, one can easily maintain a track record of the transactions that you have made, through the credit card monthly statement.

Credit Card - Eligibility Criteria

The eligibility for a credit card differs from provider to provider. However, the basic criteria are as follows:

  • You should be at least 18 years old
  • Whether salaried or self-employed, you must have a regular source of income to pay back your credit card bills (minimum income bracket differs from one card to another).
  • You should have a savings account in your name
  • You must not have a bad credit history

Credit Card - Documents Required

The documentation requirement also varies from issuer to issuer, some of the key documents required to apply for a credit card are as follows:

  • Identity and signature proof-Passport, PAN card, Driving License, Voter ID card, Aadhaar card, employee identity card in case of government employees.
  • Address Proof-Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/ electricity/ water/ credit card bill or Property tax.
  • Age Proof-Voter ID card, Secondary School Certificate (class 10), birth certificate, Passport, Aadhaar Card, pension payment order or receipt of LIC policy.

  • Income proof for Salaried Individual
  • Latest 3 months' salary slips
  • Salary account bank statement for six months

  • Income proof for Self-employed businessmen/professionals
  • Latest IT Returns with computation of income and other certified financial documents Business continuity proof
Credit Card Online FAQFAQ's

Q. What is a Credit Card?

Ans.Credit card is a opportune substitute to cash or check-based transactions issued by banks and financial institutions, allowing the holder to make a purchase (or draw advance cash) on credit. The due amount at the end of the billing cycle may be paid as a lump sum within the due date in smaller installments before the last due date. The purchase made by a credit card are in fact short term unsecured micro loans and if paid off within a particular time (interest free period) do not have any interest payouts. Moreover, credit cards allow you to get advantage from the option of revolving credit i.e. you might pay off your credit card dues in one shot or make manifold small payments to pay off your debt. According to RBI data, as of December 2015, there were 2.27 crore credit cards in circulation within India. Even better, you can use credit cards not just within India but also worldwide

Q. How does a credit card differ from debit card?

Ans. The money that you withdraw via debit card is your own money which is debited from the bank account linked to your card or in other way you are spending from your own wallet. On the other hand, the money that you spend (purchases) or withdraw (cash advance) via a credit card is more like a short term loan arranged by card issuing entity. Instead of paying off this short term loan on a per use basis, all your expenses get converted into a consolidated bill at the end of the billing cycle.

Q. What is the difference between VISA card and MasterCard?

Ans.Visa and MasterCard are international payment technology companies based out of the US that connects customers, businesses, banks and governments across more than 200 countries and provinces, enabling them to use digital currency instead of cash, checks, drafts, etc. Apart from VISA and MasterCard, other foremost global payment technology companies are American Express, Diners Club and Discover.

Q. What are the different types of credit cards?

Ans.

  • Standard credit cards – These are plain credit cards with basic features with no or nominal annual fees.
  • Specialized credit cards – These are credit cards that are designed to provide to specific needs of the cardholder. Such cards include credit cards that provide dining benefits, fuel cost savings, travel privileges and others.
  • General Cards –These are the credit cards which have very basic features and relatively low annual fees. Ideally these are used for day to day use only.
  • Reward Points Cards – Here with these cards, consumers/card holder are offered rewards points on each and every purchase. These points can be redeemed in lieu of freebies, gift vouchers and coupons.
  • Cash-back Cards:When you use this type of credit card for purchases, a specific percentage of your expenditures are credited back to your account. These are the cards where consumers/card holders get a specific percentage of their expenditure credited back in their accounts. These cash back rewards may be credited back to your card account after every purchase or increasing cash back rewards adjusted against your card account periodically.

Q. What is the CVV number?

Ans.The CVV Number (Card Verification Value) it is a 3 digit number mentioned on back side of your credit card on the right side of the signature panel. Also known as the CVV, this 3 digit number is an important part of the verification process especially in case of online transactions. The CVV number should not be disclosed to anyone.

Q. Am I eligible for a Credit Card?

Ans.Although the eligibility criteria for credit cards vary from one issuer to another, the following are a few generic criteria:

  • No less than 18 years old at the time
  • Either salaried or self employed (Salary proof/ acknowledge ITR required)
  • Have at least one savings account in an Indian Bank
  • Have a valid Indian address
  • Qualify the minimum income requirement set by the card issuer etc.

Q. How long does it take to apply for and receive a Credit Card?

Ans. You can apply for a credit card online in less than 2 minutes through Myfundbucket.com. After you have completed and submitted the online application, the respective card issuer will get in touch with you and ask you to submit the supporting documents. After receiving your application form, complete in all respects along with all the required documents, your application will be processed within two weeks by bank. Provided all your documents are in order, you will receive your new credit card within 7 working days, once your application is approved and all the checks have been completed by the bank. The bank will send you timely alerts on the credit card application status via SMS on the mobile number stated on your application form as well as through emails sent to the registered email address.

Q. What is a supplementary/add-on card?

Ans.A supplementary/add-on card refers to one or more credit cards that may be issued to family members of the primary card holder. Add on cards share the total credit limit of the primary card account and have the same features as the primary card. Any reward points earned through the add-on card(s) are credited to the primary card account.

Q. How many supplementary cards can I have and what are the charges involved?

Ans.Though this tends to vary from one credit card issuer to another, in most cases, you can apply for up to 3 supplementary cards for family members like your spouse, children, parents and siblings.

Q. What should I do if I lose my card or if my card is stolen?

Ans.In case you have lost your card or it has been stolen, the priority is to block the card and prevent unauthorized transactions. Please make a call the card issuer’s customer care number and inform them of the card loss/theft so that the card is blocked and the replacement card issue procedure is started.

Q. Do all credit cards charge an annual fee and joining fee?

Ans.No, not all cards charge an annual fee and/or a joining fee. In case of basic credit cards, there is usually no annual fee; however, cards that have an annual fee often offer more benefits than the zero annual fee cards.

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