best credit card in India Archives

Credit cards have different charges among which the annual fee is the most common one. It is the fee that is charged annually for all the benefits that the credit card provides. Most credit cards available in the market do come with an annual fee but credit cards without annual fees are also available. How credit card charges the annual fee? Generally, the annual fee is charged on the first credit card bill issued to the user or the first bill of a specific credit card statement. If not, then it is divided uniformly throughout the year and assessed monthly provided that the card issuer in concern does provide such a feature. Commonly, even the best credit card in India may charge a fee annually once a year as per card usage. How to waive off the annual fee? Other than credit cards which fundamentally do not come with an annual fee, card issuers also offer ways to waive off the annual fees for cards on which they are applicable. Here are some of the common ways card issuers allow users to waive off the applicable annual fees – Few cards provide the offer to waive off the fees if the users meet the minimum value required to spend within a time span of say 3 months. Once the user spends the amount within the provided time span, the annual fee gets waived off. Some issuers may charge a joining fee which will be waived off in the following year by spending the minimum spent amount within the provided time. The joining fee is repeated will only be repeated on the succeeding year of usage unless the user makes the target minimum spends. Knowledge of these pointers is vital to use a credit card wisely, something which every card user should have a comprehensive idea about. What are the pros and cons of availing a credit card without annual fees? Before applying for a credit card, one should have a brief knowledge about the types of credit cards and their specific benefits to apply accordingly. A credit card without annual fees is not to be considered as a type or variant of credit card. Instead, it is to be considered as a usage clause which may or may not come with the credit card or may even be subject to waivers based on other terms of use. The credit cards that come with the provision of no annual fee, benefits the user with less financial stress. Different credit cards come with different policies to waive off the annual fee. So, a brief comparison of credit cards available in the market helps one to understand which credit card is best for them. For instance, users can consider availing credit cards like the Bajaj Finserv RBL Bank SuperCard which comes with numerous add-on benefits such as multiple reward point benefits, easy EMI conversions, emergency personal loan feature, and more. Bajaj Finserv also provides pre-approved offers in credit cards which make availing them easier and less time-consuming for prospective customers. These offers are also available on numerous other financial products including personal loans, business loans, etc. Check your pre-approved offer by providing only your name and phone number. Note that the best credit cards in India may charge an annual fee but also offer a certain spends target. Although these charges can become a financial liability for the user on the first bill payment, proper financial planning and future usage can help make the most of the card irrespective of the fee. Note that annual fees will be charged and credited back to account if the cardholder fulfills fee waiver clauses. Consider these pointers and know how to choose the best credit card in India for yourself. Make sure to consider your financial requirements and avail a card which offers financial benefits accordingly.

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Tips on How to Save Annual Fees on Your Credit Card