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What is a Credit Card?

A credit card is a financial instrument that has a pre-loaded balance that the cardholder can use to make transactions and pay for them later. The card issuer will let you pay off the balance fully, interest-free, for up to 50 days from the date of payment. To avoid any fines, the cardholder can pay the minimum amount due (which can be anywhere between 5% to 10% on the total amount owed). The balance, however, will be carried forward to the next month, and interest set by the credit card company will be levied.

Types of Cards

Shopping

Travel

Lifestyle

Rewards

Fuel

Business Credit Cards

Secured Credit Cards

Cashback

Different Types of Credit Cards in India

Shopping Credit Cards – Shopping credit cards are curated to reward cardholders for their shopping expenses. They offer ample rewards in the form of points or cashback, which can be redeemed for merchandise, travel, or other rewards.

Lifestyle Credit Cards – LifeStyle credit cards fulfill your lifestyle wants and suit your various needs. Get reward points for every swipe you make. Avail for shopping discounts and cashback on retail spends.

Fuel Credit Cards – A Fuel Credit card is being offered by banks to customers in a bid to provide them with maximum benefits while purchasing fuel. Having this card enables those who constantly buy fuel for various purposes to lower their expenditure on fuel. Apart from that, it enables the users of Fuel Credit cards to use it for other benefits with regard to lifestyle.

Rewards Credit Cards – Rewards credit cards offer you some type of “reward”—typically cash back, points, or travel miles—for every dollar you spend, sometimes up to certain limits. Depending on the card, you can then use your rewards in a variety of ways.

Travel Credit Cards – Travel credit card is a type of credit card that offers exciting offers and deals related to travel. Most features and benefits offered by travel credit cards provide you savings on travel. From air ticket bookings to reward points accumulation, everything comes with a perk when done through travel credit card.

Credit Card Features

Credit Limit

Cash Alternative

Keep Records of all Transactions

Cashback, Rewards and Other Offers

Features & Benefits of Credit Cards

The credit card segment continues to grow universally as innovative contenders enter the space with fresh and advanced features. Get a look at the basic features.

Credit Limit: Credit limit refers to the maximum amount you can use through your credit card at a given point of time. You are liable to be charged a fee on exceeding the given credit limit. Credit Limits may change from month to month based on purchase and payment habits.

Balance:  The balance on your credit card represents the total amount you owe. This includes purchases, finance charges, and fees. You may check your balance online, or by calling customer service.

APR:  APR refers to the term Annual Percentage Rate, an interest rate applicable to the balance you carry forward past the grace period

Grace Period:  Grace Period refers to the period of time you are allowed to repay your balance in full before being charged a fee. Typically, balance transfers and cash advances do not have grace periods.

Credit Card Fees:  The most common fees include annual fees, finance charges, late fees, and over-the-limit fees. You may avoid certain fees based on how you use your card; for example by making credit card repayments on time.

FAQs

Getmoreloan is India’s leading loan distribution company, offering a comprehensive range of loan products, mutual funds, and insurance. We have successfully disbursed over ₹1,00,000 crores in loans through our partnerships with more than 265 banks, NBFCs, and financial companies. With a PAN India presence in over 4000+ cities, Getmoreloan has a strong foundation built by professionals and financial experts with over 25 years of experience. We have served over 10 lakh satisfied clients, helping them achieve their financial goals.

 

Getmoreloan stands out as a trusted and experienced partner in your financial journey. We leverage a highly proficient, internally developed Loan EMI Calculator algorithm to provide you with the best loan options and deals. Our vast network with over 265 financial institutions ensures that you get access to a wide array of financial products tailored to your needs. Our expertise, coupled with our focus on customer satisfaction, makes Getmoreloan the ideal choice for making informed and smart financial decisions.

Yes, you can easily check your loan eligibility online with Ruloans. Our advanced Loan Calculator algorithm quickly assesses your financial profile and provides you with an accurate estimation of your loan eligibility. This allows you to explore suitable loan options and make informed decisions without any hassle.

 

Yes, of course. At Getmoreloan, We offer personalized guidance calls where our experienced professionals will help you navigate through various options, explain the details, and assist you in making the best financial decision. Whether you’re looking for a loan, mutual fund, or insurance product, our experts will provide you with tailored advice to meet your specific needs. Simply connect with us, and we’ll arrange a guidance call at your convenience. Let us help you make your financial decisions right and smart.

 

Yes, Getmoreloan offers a variety of insurance products to meet your diverse needs. Our offerings include Health InsuranceLife Insurance and General Insurance . Whether you’re looking to secure your health, protect your family’s future, or cover your assets, Getmoreloan provides tailored insurance solutions from trusted providers. We are committed to helping you find the right coverage to ensure peace of mind and financial security.

 

At Getmoreloan, the security of your personal information is our top priority. We employ advanced encryption technologies and stringent data protection protocols to safeguard your data. Our systems are regularly updated and monitored to prevent unauthorized access. Additionally, we adhere to strict privacy policies, ensuring that your information is only used for the intended purpose and never shared with third parties without your consent. You can trust Getmoreloan to keep your personal details secure and confidential.

 

 

No, Getmoreloan does not charge any fees for applying for a loan through our platform. We believe in providing a transparent and customer-friendly experience, so you can explore and apply for loans without any hidden costs.

However, please note that certain banks or financial institutions may have their own processing fees or charges, which will be clearly communicated to you during the loan application process.