How Many Type of Credit Card?

There are Simple Type of Credit Card below in Table:-

1. Travel Credit Card
2. Shopping Card
3. Simply Click SBI Card
4. Citibank Cashback Credit Card
5. Life Style Card
6. Business Credit Card
7. Reliance Platinum Credit card
8. Co-Brabded Credit Card
9. Secured Credit Card
10. Contactless Credit Card
11. Fuel Credit Card
12. American Express Credit Card
13. Regular Credit Card
14. Premium Credit Card
15. Super Premium Credit Card
16. VISA Credit Card
17. Mastercard
18. Discover Card

 Credit Card:-

Credit Card is a Limited Payment Card, Issued by a Bank that allow customers to purchase or Services according to pre -Approved Credit limit.

 Credit Card in Simple Word:-

PVC or Metal Made, Credit Cards used to Pay for “Goods or Services” using Credit Card, Charge Interest on the spent Money.

Credit Means in Banking:-

When Money is added to your Bank Account. or Credit means “Money coming in your Bank Account”.

Basic Credit Card:-

There are 3 Types of Credit Cards such as-

1. General Customer Credit Cards
2. Student Credit Cards
3. Business Credit Cards

Credit Card Definition in Simple word:-

Credit Card is a Payment Card that allow to Customers for purchase goods Or Services According to pre-Loaded amount.

Real Use of Credit Card:-

Credit Card is provide Cashless Transanction facilities for Purchase of Goods or Services and You Pay Later.

Eligibility Criteria for Credit Card in India:-

• Age Limit 18 to 60 years – (Generally).
• Age Limit 21 to 60 years – (Some Banks).
• Credit Score – 750  Preferred
• Income – Regular Income Sources
• Employment – Salaried /Self Employment

What is the Benefits of Credit Card?

1. Credit Card’s Holders can make purchases anytime, anywhere through Credit Card without any Cash.
2. Credit Card is a Life saver in case of Emergency Expenses, When Your Bank Account balance is Low.
3. Main Benefits of credit card is “Purchase Now & Pay Later”.
4. Credit Cards provide 45 To 60 days “Interest -Free Time”. It means No interest Charges for Fix-Time periods.
5. You can make Online purchase Itemes from International Retailers using Credit Card.

What is Advantages of Credit Card:-

Credit Card is a Financial Tool, to make purchases on Credit. It is issued by Banks & allow to borrow Money up to Pre-loaded  Credit Limit.

• You can borrow within your Credit Limit and  You Pay later.
• Credit Card Generally Interest Free period up to 56 Days from purchasing Date.
• Credit Cards offers Fraud protection.
• You can earn Rewads on purchasing Goods.
• You can build Financial Credit Score.

What is the Disadvantage of Credit Card?

• Annual Fee:- Annual Maintainance Fee of Credit Card.
• Interesterate:- 2% To 4% Interest Charged monthly on Remaining Amount.
• Late Payment Fee:- In Case of Cardholder does not Pay Timely.

Cashback Cards & Joining Fee – Credit Cards:-

Lifetime Free Credit Cards-Joining Fees Zero:-