Credit cards in India - Companies,Application,Tips & Advice
What is a Credit Card:
Credit card is a one which issued to you by a credit card company, which will help you in your purchases which are authorized by the credit card company to do so, credit cards are in a plastic form which is as same as our Bank ATM card.
Popular credit card brands are master card and visa card some time it's American express cards.
Credit Cards in India:
Credit cards that you get in the India are not any different from any other credit cards. The credit card companies offer special incentives to get customers like 0% Annual Protection Rate for a specific time period, no annual fees, and you may even be able to apply for the credit cards online. Many credit card companies based in the India do not give their cards to consumers in other countries due to security reasons.
Credit Cards In Kerala:
If you live in Kerala,then there are many companies that are sure to let you fill out an application to receive their specific credit card in Kerala.
There are many companies that encourage you to apply online. They overwhelm you with ads, promising a 60 second approval.
One Such Example is Citibank credit card which is offered through online.
Consequences of using a credit card:
Credit card use either in kerala state or in our country,can cause financial problems just as it does all over the world in recent days. People in the Urban India owe tens of crores of Rupeess in credit card debt at an interest rate of over 16% and this figure keeps getting higher and higher. Debts over 2500 Rs are common to ten percent of the people in India and combined with high interest rates, this figure is near impossible to get to come down.
Benefits of having a credit card:
There are some benefits to having a credit card that a great many India consumers find appealing. Some of the credit card offer's cash back with purchases, air miles, travel insurance, and insurance for your purchases. A credit card looks good to many India consumers, especially when you add in the discount vouchers to credit cards.
Top 10 Credit Card Companies of India:
ICICI Bank - 5.07 Crores
HDFC Bank - 4.42 Crores
SBI Cards - 2.65 Crores
Citibank - 2.54 Crores
HSBC Cards - 1.3 Crores
Stanard Charted Credit Cards - 1.1 Crores
ABN Amro - 0.78 Crores
Axis Bank - 0.57 Crores
Deutsche Bank - 0.495 Crores
American Express - 0.45 Crores
Final verdict on credit Card:
When you decide to apply for a credit card, you should research all of your choices to find the one that is best for you. Once you receive it, you need to be careful in using it or you could find yourself in a financial mess. If you use your credit card wisely, then you will find that it will make your life easier, no matter which state you are live in.
Happy Crediting and Interest Paying :(
american express is not a credit card, it is a charge card.
Please visit the official website of American-express and learn yourself, what American-express is all about.