Customers usually opt for a free credit card when their demands from the card are basic. These cards are generally good for online payment and availing of discounts thereof. However, you should consider cards that charge an annual fee if you need more benefits. The best credit cards come in handy when you need money urgently or want to opt for a lower interest on your liabilities. These are high demand features and they normally come with a fee. In any case, owning a Bajaj Finserv co-brand credit card can help you save a lot of money on your monthly shopping. You can apply for these credit cards online by visiting the Bajaj Finserv website.
How to Apply Online For a Credit Card
As an applicant for credit cards, you need to fulfil the basic criteria to be considered eligible. Firstly, you must be at least 25 years old and a resident of India. Furthermore, you must also have a recent passport-sized photograph and valid address proof. Make sure you have these details ready, because you may need to produce them at subsequent stages of the application process. If you have checked off this list, you are good to go.
Next, you need to log on to the Bajaj Finserv website and click on the “Apply Now” button. You will be taken to a page where you will be asked to enter simple details like your name and your contact number. Make sure that the number you enter is valid and working, as you will need to confirm the OTP sent on that number. Once this is done successfully, a representative will get in touch with you to discuss further details.
The best credit cards give you enough options to choose from. The one-size-fits-all model simply does not work with credit cards. That is why Bajaj Finserv co-brand credit cards provide you with multiple benefits in one card. You can additionally use the credit card as a cash card, a loan card and as an EMI card.
The Benefits of a Free Credit Card
Free credit cards offer you savings on your expenditures just as the paid cards do. Although the savings in the free versions are a bit less, the upside is that you do not make any payment for the card upfront. Some cards, like the Bajaj Finserv RBL Bank Platinum Choice FYF SuperCard, waive off the annual fee for the first year. This feature enables you to enjoy the benefits of a regular credit card for free for an entire year!
The Setbacks that You May Encounter
The problem with lifetime free credit cards is that there is too little that binds the debtor and the creditor. For this reason, you should always read the offer document carefully before you opt for the card. There might be clauses, hidden in ambiguous language that empower the creditor to levy additional charges. You must also be wary of the card if the terms say that the creditor reserves the right to update any clause according to discretion. The best way to go about these cards is to use the card for some time, and then weigh the pros and cons. If you are happy with the savings you make and trust the creditor, you may continue with the card.
Also, there are often offers on these cards that make them look irresistible. However, if you look into it carefully, you will notice that such offers apply only if you spend a certain amount. The final line of advice is, go for the offer only if you think such expenditure is justified.
What Should be the Ideal Choice?
The first thing you should consider before you apply for any card is your financial stability. You must have a steady monthly income and restricted liabilities to even consider getting a credit card. Your financial strength can be measured by your CIBIL score. If your score is above 700, you can go for a credit card. Even if it is around the mid-600s, you can wait for some time and apply for a credit card.
However, before applying for a card, you must ask yourself whether you really need a credit card. Do you shop so often that the discount offered makes an impact on your savings? Does the rate of interest offered on your liabilities on your desired credit card save you a substantial amount on loan interest? Do you really need to use the international airport lounges that come complimentary with the credit card? If most of the answers are yes, you should apply for a credit card.
The Bajaj Finserv RBL Bank SuperCard helps you get discounts on innumerable items from the Bajaj Finserv partner stores. All the major e-commerce sites offer EMI payment option on using your Bajaj Finserv co-brand credit card. Furthermore, the SuperCard comes with the power of four cards in one, making it one of the best credit cards on offer.
visit here to know more information : Pii-email