One of the benefits of using a credit card is that it offers a cashless mode of payment, ideal for both one-time high-value purchases and everyday transactions. Additionally, the use of credit cards can help you accumulate reward points, air miles, and other perks, based on your spending habits. With the convenience and rewards provided, credit cards are an excellent option for managing your purchases.
These days many card providers also offer credit cards geared towards people with a specific lifestyle. Simply put, the rewards and benefits earned on these cards are most useful for people wanting to maintain that lifestyle. For instance, if you’re an avid traveler, you can get a credit card that offers discounts and rewards on travel spending.
But with the array of available credit cards in the market, how do you know you’re choosing the right one? We break that down so you can choose the right one for your needs.
How to Choose the Right a Credit Card
You can choose the right credit card by following three simple steps.
1. Know Your lifestyle
Before you consider applying for a card, figure out where you spend your money.
Are you booking frequent trips? Are you spending on retail and shopping? Do you primarily pay for your fuel using your credit card? Are you spending on luxury products?
Once you know your spending habits, look for a card that offers the benefits of your choice depending on your spending. For instance, if you travel frequently, you would benefit from a travel credit card that offers discounts on hotels, lounge access and more, rather than a shopping credit card that offers discounts on purchases from top brands.
2. Check the Interest Rates
The interest rate offered by your card provider will determine the interest you pay on your credit card bills after the interest-free period. Naturally, along with the benefits offered by the card provider, you must also check the interest rate to ensure you get a good offer.
3. Check the Fees and Schedule of Charges
Most credit cards offer attractive benefits and rewards to cardholders. But some come with high fees and renewal charges that may outweigh the benefits altogether. So the next time you choose a credit card, pay close attention to the additional charges, including annual fees, maintenance fees and transaction charges.
Apply for a Credit Card with a Card Provider of Your Choice
Once you choose a card and a card provider, all that’s left is to apply for the credit card. Most card providers today offer an easy online application process. All you must do is check if you meet the eligibility requirements, have the necessary documents to apply for the card, and submit the duly filled application form to apply for the card.
Post submission of your application, you choose the card you want and then complete the application using vkyc. Once the application gets approved, the card will be delivered to your doorstep.
Conclusion
Getting a credit card that suits your lifestyle can seem daunting, given the various types of credit cards available. One of the trusted new age banks, IndusInd Bank offers various lifetime free credit cards to choose from as per your lifestyle needs. Their application process is a simple three step process with instant approval. So, explore their range of credit cards and apply one today
