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TEMPTING BENEFITS OF CREDIT CARD

Posted on शुक्रवार , der 7. सितम्बर 2018

The magic behind the plastic currency is just swipe it, punch your pin and lastly sign a receipt. That’s the reason, a CREDIT CARD is something that all people want as they have made our life easy, boosted our purchasing power and also saves us from carrying wads of cash. They are the forerunners of cashless transaction and popular mode of making payments either for shopping or paying bills. They are essential in life without any argue and good way of building a credit score. So if you are looking for an appropriate “card that is loaded with perks and benefits” and too have a quick approval, you are on right platform. ShubhBank offers all this and many more financial products that are pocket friendly. The different categories are issued for general and customized spending i.e. dining cards, travel cards, fuel cards and shopping cards. We provide these benefits of card to the card holder:

• It boosts you to spend large that can be repaid in EMI’s.
• It provides you the ease of making payments and purchases.
• It helps you to build good credit score.
• You can easily track your expenses.
• It provides you benefits like discounts, rewards and other cash backs.

There are number of factor that you should consider before “Choosing a Credit Card” depending upon the purpose of use. Find out the suitable value added features, offers, deals and discounts that can be consider while using it internationally or domestically. MASTER CARD and VISA are the two leading associations which are globally accepted. One should apply for it after comparing offerings and providers in market. If your paperwork is in place in terms of eligibility requirements and documentation, it can be done either online or visiting our branch. Just login to our website and fill the application form. Online applicants can cater the services such as “instant e-approvals, quicker processing and dispatch of card”. The eligibility criteria in general that should be satisfied by the bank is that the applicant must be age of in between 21 to 60 years, stable employment/income, proven record of creditworthiness and resident of India.

The documents required to submit a duly filled in application form are ID proof, salary slips, business continuity certificate and income tax return to prevent default and fraud. They are spending convenient so quickly adapt an appropriate usage pattern. If you take care of usage, it can give you tempting benefits in long term use. A well-managed usage builds a good credit score making it easier for you to get loan in future. Always try to pay your bills in full as the minimum amount due can accumulate interest on it, that will impact your score negatively. It is completely controlled by you, just look it as a tool that will earn you cash-back for spending, repaying big purchases in easy EMI’s and reward points to make it favorable for you. Getting a new card also gives you the advantage of joining bonus and many other benefits. So make the most of it and manage your finances easily.


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BENEFITS OF USING MULTIPLE CREDIT CARDS

Posted on सोमवार , der 13. अगस्त 2018

1. Credit Cards are largely misunderstood. The card that you carry and use, is merely a credit based negotiation tool.

2. There are many dogmas, assumptions and theories floating around the internet and even some businesses.

3. Only the banking institutions, some big law firms and the credit reporting agencies really know how credit really works.

That being said, I’ve picked the brains of banks and legal professionals regarding their opinions on credit cards and it’s many assumptions by the public.
Having Multiple Credit Cards” can be good or bad, depending on it’s use and % of utilization.
A high ranking banking official explained that if you want to have a strong leveraging tool of credit, you should utilize no more than 2% every month on your cards for two or more years.
If you can’t afford to live off your income and cash, credit is really not for you. People in the top tier of credit do not truly need credit for long term goals, it’s simply a leveraging tool to not use their own money for much of anything in the startup stages.
No matter how many cards you carry, if you use them all the time, for just about everything, in an attempt to get “points” and other rewards by “spending” the credits, you either don’t need any credit or misinformed. Spending should be at a very minimal when it comes to credit cards.

Multiple credit cards offer cyclic benefits:

• All merchants don’t accept all cards. Some may either accept Visa or MasterCard and in such a scenario, you might find yourself inconvenienced by holding only one card of either type.
• You can keep one card exclusively for online transactions. That way you have limited your fraud risk to just a single set of card details. Such a card should have a minimum spending limit because if the details are hacked, your exposure to theft will be minimal.
• If you have a card which offers a good deal or generous points for petrol purchases or for airmiles, then you might like to use that card only for that particular purpose. Frequent fliers may like to keep one card for accumulating air miles and use another card which offers a decent cash back program. Rarely, will you find a single card with both offers.
• You might find yourself eligible for different loyalty programs, gifts, discount schemes and bonuses on different cards.
• Multiple credit cards also allow you build a great credit rapport which can prove advantageous if you ever plan to opt for bigger loans in need.

So its preferred to check your needs before you opt for mode of payment . Shorter payment or longer EMI repayment both can be accessed through credit cards but your ideology to use it precisely shall impact your spending and usage henceforth . Idea is not to get trapped by the multiple credit facility on various cards but to optimize the different features of the card onvarious spending .


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BEST CREDIT CARDS (CC) REWARDS PROGRAMME OFFERINGS IN INDIAN MARKET

Posted on सोमवार , der 23. जुलाई 2018

Lots of CC provides great reward programs. You can only earn reward points if you are spending regularly on your card, therefore you should first determine your major expense are to “Find out the right card“.
For e.g. if you travel a lot, get a travelling CC or get a shopping CC if that’s your major expense.

These are some of the best CC to earn reward points:

Best shopping credit cards
SBI Simply Click Credit Card

Benefits
1. An Amazon E-gift voucher of Rs.500.
2. Get 10X reward points on all the transaction with Exclusive online partners (Amazon, BookMyShow, Cleartip, Foodpanda, UrbanClap, Lenskart, Zoomcar).
3. On all other online transactions, get 5X rewards points.
4. You can also earn 1 reward point on all offline transactions.
5. You will get entitled to e-voucher worth Rs.1000 on spending 1 Lakh on your credit card and E-voucher of Rs.2000 on spending 2 Lakh.

ICICI Bank Coral American Express Credit Card
1. It offers accelerated 50% reward points when you pay online .
2. On all online transactions, earn 3 payback reward points on every Rs. 100 spent and redeem then online through the Payback Catalogue.
3. On all other transactions except fuel, earn 2 reward points on every Rs. 100 spent.
4. Earn 1 reward point on spending Rs.100 every time on payments related to insurance and Utilities.
5. Earn 2000 payback points by spending more than 2 lakhs on your card and on spending 1 lakh, earn 1000 reward points. (Maximum payback points to be earned during a year are 10,000).
Get 2 complimentary movie tickets every month on Book My Show through their Buy One Get One Free offer.

Axis Bank Buzz Credit Card
1. After card activation, get a Flipkart voucher worth Rs.1000 simply by using your card three times within the first 45 days.
2. Get 5% discount on all the transactions on Flipkart. (Maximum discount allowed per month is Rs. 200).
3. 6Axis Edge rewards points on online spend of Rs 200 or ore except on travel expenses.
4. On all the transactions, earn 2 Axis eDGE rewards points on every Rs.200 spent.

CITI Rewards Credit Card
1. Spend any amount on your card within first 30 days of plastic
set up and earn 1500 rewards points .
2. Additional 1000 reward points on spend of extra Rs 1000 within first 60 days.
3. Reward yourself with 10X accelerated rewards points at select apparels and select stores.
4. For all other transactions, earn 1 reward point on spending Rs.125 every time.
5. Spend more than 30,000 on your Citi rewards CC and get a bonus of 300 reward points.

Best Traveling CC
CITI Bank Premier Miles CC

1. You will get 10,000 miles on the first transaction of Rs. 1,000 within 60 days from the card issuance.
2. You will get 3,000 miles every time during card renewal.
1. On each Rs.100 spent on airline transactions, you will earn 10 miles.
2. For all other transactions, you will earn 4 miles on spending Rs.100 every time.
3. You will also get 10 miles on spending Rs.100 every time for booking flight tickets and hotel stays at www.premiermiles.co.in.

Jet Privilege HDFC Bank Signature/World
1. You get 3,750 JP Miles when you swipe your Jet Privilege HDFC world CC for the first time.
2. Once you spend Rs.75000 on your credit card for retail expenses within 90 days, you will again get 3,750 JP miles.
3. On your Jet Privilege HDFC world card, you can earn 6 JP miles on every Rs.150 spent on retail expenses. These JP miles remain valid for 5 years.
4. You get 18 JP miles on each Rs.150 spent if you book your flight tickets through Jetairways.com
5. You will also get a discount voucher of Rs.750 when you will book your return tickets on Jet Airways website.
6. For all the domestic ticket bookings made on www.jetairways.com, you will get 5% discount by using this promo code JTHDFC.


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ADVANTAGES OF CREDIT CARD

Posted on शुक्रवार , der 8. जून 2018

If you are wise with your spending habits “Credit Cards (CC) offer a surplus benefits” which can be very rewarding for you. Not only it adds cashless facility to your spending but also adds vigor to spend judiciously as per the card benefits and features

 

Here are some benefits of using credit cards:

 

  • No need to carry cash: With a CC, the need to carry cash goes away. When you don’t have balance in your bank account, that time a credit card helps you do shopping and entertainment stress-free as you don’t have to worry about carrying cash. This also ensures safety of money.

 

  • Reward points: CC companies offer reward points for any purchases you make with your card. You can use these reward points to get discounts on shopping, dining and some of the credit cards also give cash back on your fuel spends.

 

  • Grace Period: Almost all the banks provide maximum of 50 days and minimum 18 days for outstanding payment. Extended due date for bill payment allows customer to settle finance as per announced  date fixed by bank . Grace period help customer to secure repayment on time .

 

  • Insurance: Most CC automatically comes with an excess of consumer protections such as rental car insurance, travel insurance and product warranties that may exceed the manufacturer’s warranty.

 

  • Safety: CC are safer than debit cards as in case of fraud you are not out of money immediately. Paying with a credit card makes it easier to avoid losses from fraud.

 

  • Build a credit history: Cibil history improves with timely payment of CC outstanding . It builds your cibil score and helps you in getting more funds as your credibility enhances with the outstanding payment .

 

  • Status Symbol : Using a CC adds status symbol to your life and reflects your credibility and earning value . Only certain income group are eligible for the cards hence using a card amongst your peers will leave you a class advanced in financial aspects .

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HOW TO CHOOSE RIGHT CREDIT CARD THAT FITS YOU AS DESIRED?

Posted on सोमवार , der 14. मई 2018

Any single “Credit Card” can’t be better than all others in for an individual. It all depends on pattern of usage and requirement. But by understanding your options and interrogating the right questions, you can find the card that’s the best fit for your spending habits and matches your eligibility and requirement.

Follow these simpler steps to “find the best credit card for you“.

  1. Assess your credit score:

To access the best suitable card as per your choice you need to validate your credit score as a fact to understand what you can afford before any bank offers. There are various online portals and online tools to calculate your credit rating.

  1. Identify which type of credit card you need

There are three general types of credit cards:

  1. Cards that help you improve your financial need in time with higher limits.
  2. Cards that save your earning on interest.
  3. Cards that earn rewards.

 

The best card for you is one that is designed to meet your specific needs

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Bottom of Form

  1. Narrow your choices by asking the right questions

Visit Shubhbank.com and search for the type of credit card you’re looking for, filtering results according to your credit score and monthly spending. While choosing the best fit cards for yourself, don’t forget to check few basic features of card as mentioned below.

FOR LOW-INTEREST, 0% APR OR BALANCE TRANSFER CARDS:

  • Tenure of 0% APR and what is the ongoing interest APR? Look for a card that gives you enough time to pay off your debt interest-free. If you have plans to carry balances over several years, consider a credit card with a low APR.
  • What is the card’s balance transfer policy? If you’re doing a balance transfer, look up a card’s balance transfer fees. Also check it here exists any capping on balance transfer or you can consume all your limits to settle your finances in the hour of need.
  • Does the card offer rewards?
  • FOR REWARDS, TRAVEL OR CASH-BACK CARDS:
  • How do I spend my money? Look for a card that delivers the highest rewards for the purpose you spend the most on. If you’re spendthrift, consider getting a card with an annual fee, if your rewards earnings would offset the cost. If you’re planning to use the card abroad, look for one with no or minimum foreign transaction fees and chip-and-PIN capability.

 

  • How frequent will I earn rewards. Also check accelerated reward points categories and the value in terms of cash of each reward points.

 

  • Value of the card :

Despite all the best in class provisions of various cards, choosing the right product after all these 3 steps may still leave you confused.  If you are clear with your choice after these three steps than just click it to choose or else go ahead for a tie breaker round in case of any further conflict of interest while choosing the best.

Look closely for differences. All other values being equal, here are some factors that might set a card apart:

So you’ve found the best credit card. What’s next?

Use your card the right way to get the most for your money. If it’s just about establishing your credit then pay your bill in full every month and don’t use too much of your available credit. Stick to your debt repayment plan if you caught a lesser APR deal. And if you’re trying to pile up rewards, use your card for everyday purchases in such selected categories and pay your bill in full every month.

The chosen card is your tool to achieve your financial goals in the most easiest and efficient way, Purpose may be any like building credit, borrow money or earn rewards but just don’t settle for less.


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HOW DOES CREDIT CARD HELP YOU

Posted on गुरुवार , der 1. मार्च 2018


Credit cards are considered as an important financial tool and to make the most of it is to utilize it responsibly. By using it smartly you can maximize your saving and utilize lots of “Benefits with a Credit Card“. Different cards are designed for different lifestyles and reward programmes accordingly. There are cards customize for travellers, shoppers, first time users and so on. The best tip is to find a card that aligns with your lifestyle as there is no point having a card that offers benefits that you never use.The best advice is to check your card statement everytime to list up expenses you have made. Also check your credit report frequently as it ensures that all the information in your credit accounts is accurate. You must follow some credit card tips to avoid the debt trap. Don’t overspend just because you can swipe the card whenever you want and pay your dues immediately to save up lower interest rate. A high credit utilization can bring your credit score lower. Listening to all of this might sound somewhat scary but if you make your payments on time then there is nothing to worry about. Enjoy the offers, complementary benefits and all their rewarding features all you want.