What is Charles Schwab?

The Charles Schwab Corporation is a multinational financial services company based in the United States. It provides a range of financial services, including banking, commercial banking, investment services, and related consulting and wealth management advisory services. The company serves both retail and institutional clients, operating through over 400 branches primarily located in financial centers in the United States and the United Kingdom. It holds the tenth position on the list of the largest banks in the United States based on assets.

Established in 1971 by Charles R. Schwab as Charles Schwab & Co., the company took advantage of the financial deregulation in the 1970s to become a pioneer in the discount sales of equity securities. Beginning with its flagship location in Sacramento, the bank expanded its presence to Seattle. During the economic expansion of the 1980s, the bank invested in technology, automation, and digital record-keeping. Charles Schwab was the first to introduce round-the-clock order entry and quotation services. In 1983, Bank of America acquired the company for $55 million.

All About Charles Schwab Investor Card

When you’re exploring credit card options, it’s crucial to discover one that aligns with your lifestyle and spending patterns. The Schwab Investor Card by American Express might be a great choice if you’re looking to combine cashback rewards with your Schwab investment account.

In this review of the Schwab Investor Card from American Express, we’ll delve into the pros and cons of the card, as well as the ins and outs of earning and redeeming cash back. This information will aid you in determining whether the Schwab Investor Card from American Express is a suitable addition to your wallet.

Features of Charles Schwab Investor Card

The Schwab Investor Card from American Express proves to be an excellent choice for those seeking a high-quality cashback rewards card that contributes to the growth of their Schwab investment account. With this card, you can effortlessly earn cash back on all your purchases, and the rewards are conveniently deposited directly into your linked Schwab account. This means that your everyday expenses can actively contribute to the growth of your investments.

• Introductory 0% APR: For the first 6 months, new cardholders enjoy a special 0% APR on their initial purchases.
• Competitive APR Range: The Schwab Investor Card from American Express offers a variable purchase APR, spanning from 14.74% to 17.74%.
• No Annual Fee Convenience: Ideal for those seeking a hassle-free rewards card, this option provides rewards on purchases without the burden of an annual fee.
• Foreign Transaction Fee Alert: When traveling abroad, it’s advisable to steer clear of using this card, as it imposes a 2.7% commission on every transaction outside the U.S.
• Credit Score Requirement: Approval odds are higher for individuals with a credit score of 700 or above; a lower score may diminish your chances.
• Welcome Bonus: Get a generous welcome offer with a $200 cash back reward (provided as a statement credit) after spending $1,000 within the first 3 months of opening your account.
• Unlimited Cash Back: Enjoy unlimited 1.5% cash back on all qualifying purchases, giving you a consistent way to earn rewards.
• Exclusive Schwab Partnership: Experience a distinctive partnership where all your earned cash back is seamlessly deposited into your linked Schwab account, providing a convenient way to boost your investments.
• ShopRunner Membership: Access a complimentary ShopRunner membership for free shipping on eligible purchases from over 100 online retailers. Enjoy speedy shipping, often within two days, from major brands like Under Armour, 1-800-Flowers, Neiman Marcus, and more. This membership requires enrollment and also offers free return shipping through ShopRunner.
• Car Rental Loss and Damage Insurance: Benefit from up to $50,000 in insurance coverage for damage or theft of an eligible rental vehicle. Cardmembers, their spouses or domestic partners, and authorized drivers are all covered under this valuable feature.
• Extended Warranty Benefits: Qualifying purchases receive an additional year of extended warranty coverage, with a maximum of $10,000 per eligible purchase and up to $50,000 per card account.
• Purchase Protection: Gain peace of mind with purchase protection that covers eligible purchases for damage or theft within 90 days of purchase. This feature provides coverage up to $1,000 per eligible purchase and up to $50,000 per card account.

Rewards Offered by Charles Schwab

Let’s explore how the Schwab Investor Card from American Express can contribute to your cash back over the years.

• In the first year, you could potentially earn $703, which includes statement credits and deposits into your Schwab account.
• Moving on to the second year, you might see earnings of $503, primarily in the form of Schwab deposits.
• To make the most of the cashback rewards offered by the Schwab Investor Card, it’s advisable to use it for a wide range of purchases.
• The card provides a consistent 1.5% cash back on all eligible transactions, eliminating the need to focus on specific categories like groceries or gas.
• Essentially, every purchase you make can contribute to a 1.5% cash back return.

When it comes to redeeming your cash back, it’s worth noting that the funds are automatically transferred to your linked Schwab account. Given that this is the sole redemption option, maximizing your cash back becomes key to increasing the deposits into your investment account.

How to apply for Charles Schwab Investor Card?

Step 1: Go to the Charles Schwab Investor Card from American Express website and click on Apply Now.

Step 2: Complete the application form, where you’ll be asked for basic financial details like your Social Security Number, address, and annual income.

Step 3: Double-check that all the information is correct before submitting your application.

Who are Eligible to Apply?

If you’re 18 or older, living in the U.S. (including its territories and Puerto Rico), and have a valid U.S. home address, you can apply for a Card account if you have an eligible Schwab account.

An eligible account refers to either a Schwab One or Schwab General Brokerage Account under your name or the name of a revocable living trust where you serve as the grantor and trustee, or a Schwab Traditional, Roth, or Rollover IRA that is not under the management of an independent investment advisor through a direct contractual relationship between you and the advisor.

If you don’t already have an eligible Schwab account, you can open one at Schwab One or by calling 866-385-1227.

Required Credit Score

To qualify for the Charles Schwab Investor Card, it’s usually important to have a solid credit score. Although the specific criteria can differ, it’s generally advised to aim for a credit score of 700 or higher to enhance your likelihood of being approved. Nevertheless, simply meeting the credit score benchmark doesn’t assure approval, as the application process takes into account additional factors like income and current debts.

Also Read: How Short-term Loans affect your Credit Score?

Charles Schwab Investor Card Fees

Opening a Charles Schwab brokerage account, individual retirement account (IRA) account, Schwab Trading Services account, or Schwab checking account linked to a Schwab One brokerage account is completely free. There are no fees for opening or maintaining these accounts, and there are no account minimums to worry about.

Schwab Investor Card from American Express is a great option for those seeking a rewards card without an annual fee. It doesn’t impose overlimit fees, offering a hassle-free experience. However, it’s important to note that the card does come with a 2.7% foreign transaction fee. For instance, if you spend $2,000 on a week-long vacation abroad, you’ll incur a $54 foreign transaction fee. If you frequently travel internationally, you might want to consider applying for a card that doesn’t charge foreign transaction fees and leave this one at home.

Who is Charles Schwab Investor Card Best for?

The top-notch rewards credit cards provide points, miles, or cash back on your purchases. The Schwab Investor Card from American Express falls into the cash back category, allowing you to earn rewards effortlessly on eligible purchases.

It’s important to note that the Schwab Investor Card is tailored for those who specifically want to accumulate cash back with the intention of depositing it into a Schwab account. This card limits its redemption options to this sole purpose. If you don’t have a Schwab investment account or don’t plan to open one, this card might not align with your preferences.

Charles Schwab Investor Card Pros

• Enjoy potentially lower than average APRs on your purchases.
• Benefit from a 0% APR on new purchases for the initial 6 months, followed by a variable purchase APR ranging from 14.74% to 17.74%.
• No need to worry about an annual fee.
• Stay secure with Identity Theft Protection.
• Earn rewards on your purchases as a cardholder.
• The Schwab Investor Card from American Express reports to multiple credit bureaus, helping you build and track your credit history.

Charles Schwab Investor Card Cons

• Having a solid credit history is necessary for eligibility.
• Unfortunately, there is no signup bonus available.
• Be aware of a 2.7% fee for foreign transactions.
• Rewards are not earned on every purchase.

Is Charles Schwab Investor Card Safe?

When considering applying for a new credit card, Charles Schwab Investor Card emerges as a safe bet. Unlike some other banks, Amex typically refrains from performing a hard pull on your credit report when denying an application. Even if you already hold a Charles Schwab card, the likelihood of encountering a hard pull upon approval for another one is generally low. Additionally, it has implemented a beneficial feature during the application process: they now provide a warning if you don’t meet the eligibility criteria for the bonus, offering transparency to potential cardholders.

• Lifetime Rule: If you’ve had the same card in the past, chances are you won’t be eligible for a welcome bonus if you apply for it again. Luckily, the application process will notify you if this restriction applies. Amex tends to overlook your card history after approximately 7 years.
• 90 Day Rule: You’re limited to obtaining a maximum of two credit cards within a 90-day period. It’s important to note that this rule doesn’t apply to Pay Over Time (charge) cards.
• 5 Credit Card Limit: Amex typically won’t approve new credit card applications if you already have five or more Amex credit cards, or if you hold 10 or more charge cards.

Does Charles Schwab Investor Card Report you to Credit Bureaus?

The Schwab Investor Card from American Express shares your account activity with major credit reporting agencies:

• Equifax
• Experian
• Transunion

Consistently making timely payments to a creditor that reports to these credit bureaus reflects your financial responsibility and could positively impact your credit score.

Alternatives to Charles Schwab Investor Card

The Schwab Investor Card from American Express caters well to those with Schwab investment accounts, but it might not be the ideal choice for everyone. If you’re seeking higher earning potential, exploring some of the top cashback credit cards could be worthwhile.

1. Blue Cash Preferred Card from American Express

It comes with a $0 intro annual fee for the first year, and $95 per year thereafter (See rates and fees). The card allows you to earn 6% cash back at U.S. supermarkets (on the first $6,000 per year, then 1%) and on select U.S. streaming services.

Additionally, you get 3% cash back at U.S. gas stations and on eligible transit, along with 1% cash back on other eligible purchases. Given its attractive rates in common spending categories, the Amex Blue Cash Preferred has the potential to outshine the earning capabilities of the Schwab Investor Card.

2. Chase Freedom Unlimited

This card lets you earn 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on drugstore purchases and dining at restaurants (including takeout and eligible delivery services), and a solid 1.5% cash back on all other purchases.

Across all earning categories, the Freedom Unlimited either matches or exceeds the benefits of the Schwab Investor Card. Notably, the cash back earned with this card comes in the form of Chase Ultimate Rewards points, providing flexibility in redemption options, including cash back, online shopping, gift cards, and travel.

Also Read: Slice Credit Card Review – Features and Benefits

Charles Schwab Investor Card offers various features to simplify the financial journey for its users. It is a viable option for those seeking a practical and cost-effective option for navigating the world of investment.

The post All About Charles Schwab Investor Card appeared first on Moneymint.

What is Slice?

Slice stands as a prominent fintech enterprise with a specific focus on the younger demographic in India. Its primary goal is to create an intelligent, inventive, and clear-cut platform that revolutionizes the financial journey for millennials and Gen Z.

The company operates as a digital lending platform collaborating with numerous Non-Banking Financial Companies (NBFCs) to offer its credit card in India. The company recently secured $220 million in a Series B funding round, propelling its valuation to approximately $1 billion and earning it the status of India’s 41st unicorn business.

Slice effectively caters to segments like homemakers and students, individuals who lack traditional credit scores. This makes Slice a favorable choice for those seeking to establish their credit history with entities like CIBIL. As an added advantage, users can also access the Slice credit card at zero cost during their journey.

Slice Credit Card Review – Features and Benefits

The Slice credit card serves as an introductory card, offering an array of rewards and cashback incentives. Notably, it features a zero annual or joining fee, coupled with a favorable 2% instant cashback rate. This card extends its advantages across diverse categories including travel, dining, lifestyle, and more. Beyond the mentioned perks, the card offers additional features such as:

1. You have the freedom to shop at your preferred locations and have the option to convert your payments into convenient EMI plans, making repayment a seamless process.

2. The credit limit offered by the card ranges widely, spanning from Rs. 2,000 Rs. 10 lakhs. This provides you with exceptional flexibility and various credit alternatives.

3. With Slice Spark, you’ll gain access to fresh deals every week that align with your preferences and offer you substantial user benefits.

4. The card boasts an acceptance rate of over 99% across the nation, ensuring widespread usability.

5. Managing expenses among friends has become effortless with the ability to add notes or tags, simplifying bill splitting.

6. Additionally, the card offers a fuel surcharge waiver of up to Rs. 200 for bills totaling under Rs. 5,000.

7. Utilizing platforms such as PhonePe or NoBroker for transactions below Rs. 10,000 grants you a monthly waiver of Rs. 300, covering rental convenience fees.

8. While withdrawing cash from ATMs using the card, a nominal fee of Rs. 50 applies.

9. Late payment charges are lenient, with no charges for amounts up to Rs. 500. From there, a fee of Rs. 15 applies for balances ranging from Rs. 501 to Rs. 2,000. Amounts exceeding Rs. 25,000 incur a charge of Rs. 150.

10. Divide your bill into three equal payments over time, with no additional charges or interest.

Slice Credit Card Eligibility

To qualify for the Slice credit card, specific prerequisites must be satisfied during the application process:

1. Employment Status: Applicants must be either salaried individuals or self-employed. Students and individuals without income sources are not eligible to obtain this credit card.

2. Age Requirement: The minimum age for application is 18 years. Individuals below this age limit, including minors, are ineligible for the Slice credit card, as well as other credit cards.

3. Citizenship: Only Indian citizens are eligible for this credit card. Non-resident Indians (NRIs) and foreigners are not qualified to apply.

4. Government-Approved Identification: A valid government-issued identification document is essential for the application process. Acceptable forms of ID include an Aadhaar card or a Driver’s license. Without such documentation, the card cannot be acquired.

Also Read: 15 Buy Now Pay Later Apps in India

How to Apply for Slice Credit Card?

Step 1: Start by visiting the Google Play Store and search for the Slice app. Download and install it on your device.

Step 2: Launch the app and either verify your email address or select one from the displayed list.

Step 3: After email verification, you’ll be prompted to enter your mobile number.

Step 4: Enter your mobile number, agree to the terms and conditions, and tap on Continue. The Slice App will automatically verify your mobile number using an OTP.

Step 5: Proceed to provide your name and agree to the terms and conditions displayed. Tap on Continue to move forward.

Step 6: Choose a product and then select your bank account from the list displayed.

Step 7: On this page, you’ll need to input your PAN Card Number. The Slice App will then retrieve your CIBIL Score automatically.

Step 8: Confirm your eligibility for the Slice credit card by selecting your occupational status – student, salaried, or self-employed. The specifics will differ based on your status (e.g., a salaried individual will need to enter workplace details, monthly salary, salary slips, or bank statements).

Step 9: The app will request a selfie to complete your Slice profile.

Step 10: Proceed to the KYC Verification section, where you will need to complete Aadhaar-based verification. This involves entering your 16-digit Aadhaar Number and the received Aadhaar OTP.

Step 11: Your linked details from the mobile number used for signing up on the Slice app will be fetched.

Once all these steps are completed, Slice will provide you with a Credit Limit offer. Upon approval, a physical Slice VISA Super Card will be delivered to your provided home address within a few days.

Slice Credit Card Charges

The Slice credit card charges for various services are as follows:

• There is no interest rate applied if you initiate a loan and make full payment before the first EMI installment’s due date. After that point, a 36% per annum interest rate is imposed.
• For electronic gift vouchers and no-cost EMI electronic gift vouchers, a 36% per annum interest rate is also applicable.
• In the case of bank transfers, an interest rate of 42% per annum is used.
• For loans up to Rs. 1,000, a fixed charge applies. For loan amounts between Rs. 501 and Rs. 1,000, there’s a flat fee of Rs. 60. Beyond that, a flat fee of Rs. 30 is added for every Rs. 500 increment. The maximum charge under this scheme is Rs. 3,000.
• Loans taken on Slice cards and electronic gift cards do not incur any service charges.
• Currently, there are no interest charges by financing partners for prepaying the borrowed sum.
• Regarding penalty charges, they begin from Rs. 501, and for amounts exceeding Rs. 25,000, the penalty is set at Rs. 150. The charge is limited to 30% of the due amount or Rs. 3,000, whichever is lower.
• A fuel surcharge of 2% or a minimum of Rs. 10 is added.
• For rentals, a fee of 1.5% is levied on transactions exceeding Rs. 10,000. However, the maximum charge for this is capped at Rs. 300.

Let’s summarize the fees and charges applicable on a Slice credit card:

Also Read: What are Paytm Credit Card charges?

Slice Credit Card Rewards

Whenever you utilize a Slice card for your transactions, you earn rewards called Monies transactions. For every Rs. 1 spent, you receive 1 Monies as a reward. Later, you have the option to convert the accumulated Monies into cashback through the official Slice Credit Card mobile application.

How long Will it Take to Receive Slice Credit Card?

Upon completing and verifying all necessary documentation, the process for obtaining the Slice Credit Card usually yields approval within under 40 seconds. Subsequently, once your approval is granted, the credit card issuer will dispatch your card within 48 hours. This means that you can anticipate receiving the approved card in less than 48 hours.

How to Repay Slice Credit Card Bills?

Settling your bills is a breeze with the Slice app. Upon launching the app, your bill for the designated billing cycle will be prominently showcased on the homepage. To initiate repayment, a simple click on the Repay feature will suffice. Subsequently, you can seamlessly proceed with your chosen payment method. Whether you prefer internet banking or UPI, the option that suits you best is at your disposal.

How to Close Slice Credit Card?

To terminate your Slice account, you have several options for reaching out to the Slice Customer Care team, including via email, phone, or the chat feature available on the Support section of the Slice Contact Us page. Prior to proceeding with the account closure, it’s important to complete the following checks:

• Ensure that there are no unprocessed card transactions awaiting billing.
• Verify that there are no outstanding balances remaining in your account.
• Confirm that there are no pending refunds or cashback transactions.
• Cancel any automatic payments linked to your Slice card.

Slice Credit Card Benefits

The Slice credit card review has already introduced you to the Slice company and the features it offers with its credit cards. To delve deeper into the topic, let’s now explore the benefits associated with the Slice credit card:

• This card entices individuals with its recurring offers and the potential for up to 90% cashback rewards, making it an attractive choice for many.
• The eligibility criteria for obtaining this card are exceptionally straightforward, enabling even 18-year-olds to acquire it without hassle.
• Notably, there are no enrollment or yearly fees associated with this credit card, providing additional incentives for individuals to contemplate obtaining it.
• Even those lacking a PAN card can apply for this card using their student ID, showcasing its adaptability.
• This credit card combines characteristics of both a loan and a credit card, creating a distinctive blend of features.
• Students who lack a CIBIL score are eligible to apply for this credit card, a departure from the typical requirement of a credit score for credit card issuance.
• Slice breaks the norm by offering a credit card to individuals who are usually excluded due to their limited credit history, thus serving as an inaugural step into building their credit scores.
• The application process for the card is conveniently conducted through the Slice app, eliminating the need for in-person visits to an office.
• Impressively, the Slice credit card boasts a merchant acceptance rate surpassing 99% throughout India, underscoring its widespread usability.
• Moreover, Slice offers the convenience of downloading a digital passbook on-the-go, enhancing the flexibility of its operations.

Slice Credit Card Cons

1. Elevated Interest Rate: The primary drawback of the Slice credit card revolves around its steep interest rate. Failing to settle your dues promptly could result in an interest charge of up to 15 percent per annum.

2. Absence of Physical Branches: Operating as an online credit card provider, Slice lacks physical branch establishments. Consequently, individuals seeking in-person meetings or account-related aid must arrange appointments at their Mumbai headquarters.

3. Complex Cashback Mechanism: Obtaining cashback through Slice’s system is intricate due to numerous constraints and prerequisites, leading to difficulties for users.

4. Negative Impact on CIBIL Score: Not categorized as a conventional credit card but rather a credit line, Slice’s non-payment repercussions can severely harm your CIBIL score. A declining credit score could hamper future credit approvals, an issue encountered by some past users.

5. Heightened Balance Transfer Fees: Transferring funds directly from the Slice card to your bank account incurs substantial interest rates and associated charges.

6. Subpar Customer Support: Dissatisfaction with the level of customer service is prevalent among users, highlighting issues related to accessibility and assistance.

Is Slice Credit Card Safe?

When individuals consider utilizing fintech services, their primary concern is often the safety and security of those services. This caution stems from the need to entrust their financial matters to online platforms, prompting a desire for assurance against potential monetary losses or scams.

If you find yourself uncertain about placing your trust in the Slice card, especially regarding its safety, you can ease your concerns. The Slice card is unequivocally secure and protected for utilization at a wide array of merchants spanning the nation. Notably, this card operates in partnership with SBM bank, an RBI-approved bank in India, reinforcing its credibility.

Furthermore, the robust backing of multiple non-banking financial corporations further bolsters the card’s security measures. The user-friendly experience and convenient payment alternatives empower customers to seamlessly integrate the card into their daily transactions. Ensuring punctual settlement of installment bills is the sole requisite to avert any potential late fees.

Difference between Slice Credit Card and Other Cards

What sets this card apart from others is its unique feature allowing you to divide your bills into three equal, interest-free installments. Unlike typical credit cards that impose interest and fees on EMI transactions, the Slice Card enables you to split payments without any additional charges.

For instance, let’s consider a scenario where you’re purchasing a mobile phone valued at Rs. 24000. With the Slice credit Card, you can effortlessly break down this expense into three manageable installments of Rs. 8000 each. The remarkable aspect is that you won’t incur any supplementary fees or interest on the remaining balance spread across these installments.

Should You Go for Slice Credit Card?

The Slice Credit Card presents a suitable choice for individuals embarking on their credit journey, especially those new to the concept. One of its notable features is the ease of application, requiring no extensive documentation or income proof. However, the primary attraction of the card does not solely lie in its 2% instant cashback rate.

For those seeking to optimize their benefits, the true highlight emerges with the Slice Sparks program. This initiative enables cardholders to garner substantial cashback rewards from prominent brands like Myntra, Big Basket, Flipkart, Amazon, and more. The mechanism is simple: users can activate the relevant Spark based on their preferences.

However, when diverting attention away from the Slice Sparks program, the credit card’s overall offerings appear rather modest. In comparison to other entry-level credit cards, the rewards rate remains relatively subdued. As a potential applicant, Slice Credit Card could be a consideration, especially if you are a credit novice keen on minimizing expenses. In essence, if alternatives are limited, the Slice card might serve as a foundational step, aiding you in procuring a more comprehensive credit card while simultaneously cultivating your credit history.

Also Read: Slice App Review: Features, Benefits, Fees

Slice credit card offers a range of features that cater to several financial needs, making it a viable option in the market. Its user-friendly interface and benefits add to its value and make it useful for all users.

The post Slice Credit Card Review – Features and Benefits appeared first on Moneymint.

Slice App Review: Features, Benefits, Fees

In the world of fast spending, there is no time to wait and build credit score to get your credit card approved. People nowadays want the benefits of credit card instantly and Slice app is perfect for that. Let us learn more about this app.

What is Slice?

Slice is a digital lending application that, in association with numerous NBFCs, provides the Slice Credit Card. Slice earned $220 million in a Series B foundation round, making it the 41st unicorn business in India. The firm is now worth approximately $1 billion thanks to the most recent investment. For card services, Slice has worked with five different financial institutions. These companies are Vivitri Capital, Northern Arc Capital, Aphelion Finance, Fairassets Technologies, Quadrillion Finance, and DMI Finance.

People without credit scores, such as housewives or students, are a strong fit for Slice in the market. And, Slice is a suitable alternative for you to develop your CIBIL if you don’t already have one. Additionally, you may benefit from the Zero cost Slice credit card along the way.

You can use your credit card to borrow a pre-approved amount as credit, or you can deposit it to the savings account as emergency funds. If you make your payments on time, the credit limit gets bigger. It could be said that it is an active loan that is constantly displayed in your CIBIL. If you currently have other debts that are outstanding on your credit record, it will hurt your credit score, and missing any payments might make it much worse.

For all purchases, Slice provides a 3-month EMI with no fees. You may divide your liabilities and pay 1/3 each month without incurring interest or late payment penalties. Therefore, regardless of the amount spent, users receive a free three-month EMI. If you decide to divide every expenditure into three payments, there are no fees to be paid as extra. But, if you are late on payments, then there are late fees to pay.

What are Buy No Pay Later services?

Buy now, pay later services advertise themselves as interest-free loans and ask you to download an app, attach a debit card or credit card to your bank account, and register to pay in monthly or weekly installments. Before accepting borrowers, certain businesses do soft credit checks that are not disclosed to credit bureaus. Most approvals happen quickly. Following that, scheduled payments are automatically taken out of your account.

As long as you pay the bills on time, the services often don’t cost customers more than what you would have paid beforehand, thus theoretically there is no interest. However, if you pay beyond the due date, you can be charged a flat cost or a fee based on a percentage of the entire amount. If you repeatedly default on payments, you can lose access to the service going forward, and this can negatively affect your credit score as well. Read this Slice app review to know more about this service.

Slice App Benefits

Now that you know what exactly the Slice app and credit card are. Here is a snapshot of what all things to expect and look forward to while choosing the Slice app and card:

• Joining Fee: You will not have to pay any joining fee while joining the Slice credit card membership.
• Credit Score: For this credit card, there are no minimum credit score criteria set by the company. You can also apply for a card as a first-time credit user to aid in raising your credit score.
• Verification And Approval Time: Due to the several verifications that must be completed, the time it takes for a credit card application to be approved varies. Until you receive the credit card approval, you might not be able to do purchases. Approval may take up to two hours or longer.
• Slice Cash: The Slice credits which users earn and may utilize for repayments are known as Slice Cash. Rs. 1 is one Slice of cash for repayments.
• Monies: For every Rs. 1 you spend on your Slice credit card, you will get 1 monie.
• Credit Limit: The Slice Card’s credit limit extends from INR 2,000 to INR 10 lakh.

Slice Fee Charges

Slice charges no joining fee and annual maintenance charge. You will be billed Rs. 50 for each withdrawal made using a Slice card at any ATM. Additionally, if you transfer cash from an ATM, you will be charged Rs. 25. There are also hefty late fees and charges to be paid in case you fail to pay the bill in time.

Slice Cashbacks and Offers

For rewards, Slice uses the word monies. Users receive one monies for each rupee expended using a Slice card. On the Slice app, they can be turned into cashback. Earning monies has no maximum limit. The payback in real life would be 1%. The rate of change from monies to cash is as follows:

Not all of what Slice has to offer is the 1% to 2% reward rate. With Slice Sparks, you can receive discounts while doing business with well-known retailers.

Every week, these deals are refreshed as per the Slice app review. Following are a few of the offers you may receive:

• 25% cashback on Flipkart
• INR 30 reward when you recharge your DTH.
• 10% cashback on Myntra
• 10% cashback on IRCTC

Slice App Download

Unlike other credit cards and financial services, Slice does not have a desktop application that you can access from your computer and perform Slice app download. There is an official website, where you can access all the details and information about the processes and pricing. However, to apply for your card, access your account, and use other features, you need to have your mobile app installed. Slice app is available on both App Store and Google Play Store.

How to Apply for Slice Credit Card?

After you have completed the Slice app download. Here are the steps to follow to complete the Slice credit card application:

1. Register using your Google ID or any other email ID.

2. After this, enter the mobile number and you will receive an OTP on the same number. Enter the number and click on Continue.

3. Next, fill in your name and choose your profession and click on Continue.

4. Enter your PAN card number, click on Continue and Slice will automatically check your Credit score.

5. If your CIBIL score is good then you will be directed to a page where you will have to complete the application with ID and address proof.

6. After this complete the KYC and wait for the process of Slice credit card apply is processed.

Eligibility Criteria

If you are planning to apply for the Slice credit card after reading the Slice app review, then you must know if you are eligible or not. Here are the eligibility criteria that you need to match before applying:

• The person must be above the age of 18 years.
• They should be a citizen of India.
• They should be either self-employed or salaried.

Is Slice Card Safe?

Whenever a person plans to use any type of Fintech service they tend to make sure that the services are safe and secure. Most people tend to be wary of various services as they are going to put their money online and they want some kind of guarantee that they will not lose their money or get scammed.

Now, if you are confused about whether to trust the Slice card or not and if your question is Slice card safe, then relax. Slice card is 100% safe and secure to be used at various merchants across the country. The card is partnered with SBM bank which is an RBI-approved bank in India. Slice is also backed by various non-banking financial corporations, thus upping the safety game of the card. The hassle process and easy payment options allow the customers to use the card on daily basis. All one need to do is pay the installment bills on time to avoid any particular late fee.

CIBIL Score and Slice Card

Another concern shown by the prospective customers of Slice card is that, whether the card will affect the CIBIL score like other credit cards and financial instruments. Well, the answer is, yes! Slice cards will affect your CIBIL score. This means that you have to make the payments on time and make sure there are no dues and late fees on the card. Your credit score can get negatively affected if the credit limit is within its capacity and if there are missing payments daily. Keep paying your bills on time and there will be no negative effect on your CIBIL score. Before you do the Slice app download, it is important to understand its pros and cons, we will cover that in the next section.

Also Read: 15 Buy Now Pay Later Apps in India

Slice Credit Card Benefits and Disadvantages

Every product out there will have something that will be helpful for you and certain things will make it less helpful or will leave space for improvement. Slice app and card are no different according to this Slice app review. There are things that you will like and there are things you will not like. Here are some of the Slice credit card benefits and disadvantages that you should weigh before choosing the Slice app.

Pros

• For approval, a credit score is not necessary. It is therefore perfect for those who do not have prior ownership of credit cards and for students.
• Useful app for monitoring awards and transactions.
• No documentation of income is needed.
• Savings over time with Slice Sparks promotions
• No joining fee or AMC

Cons

• When opposed to other entry-level cards, the reward rate is low.
• For the Slice card, you will have to link your Facebook and LinkedIn accounts.
• Some people may have issues giving the Slice app the permissions it needs, including SMS, Contacts, Camera, Location, and more.
• The procedure of closing the card and contacting customer service may take some time.
• There is no dedicated chat support, instead, they rely on calls and emails for customer support.

There you have it, a complete Slice app review. Slice is without any doubt one of the talked about products in the market of late regardless of Slice credit card benefits and disadvantages. Applicants without a credit score are among the possible users of the Slice card. These individuals may be students, those who are just beginning their careers, or even those without pay stubs to serve as documentation. You now know the Slice app download and Slice credit card apply processes. We also answered the question – is Slice card safe.

The post Slice App Review: Features, Benefits, Fees appeared first on Moneymint.

What is an EIN card?

EIN is an abbreviation for Employer Identification Number. It is occasionally also referred to as Federal Employer Identification Number or Federal Tax Identification Number. It is a popular concept in the US where the Internal Revenue Service gives a person a unique 9-digit code. It acts as a Taxpayer Identification Number when used just for identification. People might confuse them or mix them up with SSN which is also a nine-digit code given to US citizens and permanent residents but both are different.

SSN is more person-oriented while EIN is more business oriented. SSN is more of a secretive code but EIN is not dealt with in the same way. Now since SSNs are for individuals you can start a sole proprietor business by using this number but to hire people or get business credit you would need an EIN. So this is where EIN cards and other related factors come in. EIN cards are business-based cards that can only be given out when the business provides its registered business number.

Apply for Business Credit Card with EIN: List of Cards

So we have seen SSN and EIN and understood that they are more or less the same thing but have different parties to cater to. The reason that both these numbers exist separately is that it helps keep personal and business finances separate from each other. Also, this helps you in another way as well since your personal credit history isn’t affected by activity on the business credit card and vice versa. So in that way, you can well and truly benefit from getting an EIN card. Using EIN can also help you not be liable for business debts as the business itself becomes a liable entity.

As a small business, you can try to apply for an EIN card but you won’t get one without providing an SSN, this is because small businesses are found to be more susceptible to failure and so lenders minimize their risk by ensuring that you as an owner if small business sign up to be liable for it in case things go south. They also check your personal credit history in advance to determine if you are even a good editor or not.

Let’s say you somehow manage to skip providing SSN in that case you need to be ready to go through a long and boring paperwork duking process with bureaucracy waiting for you as well. And even after all that finding a business card lender who gives you a card without getting an SSN is again almost impossible.

So how exactly do you apply for business credit cards with EIN? Well, the option that remains for you is to go ahead and get a Corporate Credit Card. Easier said than done, a corporate credit card is not that easy to obtain. You will need your business revenue to be millions of dollars, in addition, you will also need to have 15 or more people use the corporate account from within the organization. Your business may also need to meet certain structure requirements to meet eligibility for this card which is what rules out small businesses and sole proprietors.

While it is all dark and gloomy up until here there is some relief that we now bring to you. A corporate credit card is not your only option. A few more credit card issuers will allow you to get a business card just by providing an EIN and not SSN, now, know that your options are limited. Apart from the corporate credit card, you can get yourself corporate store credit cards.

If that isn’t enough then you can also get a corporate gas card. And luckily for you, certain business credit card lenders are willing to give away credit cards with no personal guarantee. So if you can find one of these that fits your purpose or fulfill your requirement then you can go ahead and apply for business credit card with EIN only and separate your personal and business finances.

Startup Business Credit Cards EIN Only

So by now, we have understood that business credit cards are one of the EIN-only card options but again you need to be corporate and can’t be a sole proprietary or small business owner and expect to get one. However, a startup might be eligible to qualify for an EIN-only card and this is why we will now look at a few startup business credit cards EIN only options.

1. Bank of America Business Advantage Customized Cash Rewards Credit Card

With this credit card, you get 3%, 2%, and 1% cashback on various categories. Also, as a welcome bonus, this credit card gets you 300 dollars on the credit statement if you spend 3,000 dollars using this card in the first 90 days. You can earn up to 75% more cashback using this card if you have a business checking account with Bank of America and qualify for its highest Preferred Rewards for Business tier. The card doesn’t have any annual fee and a 0% introductory APY fee for the first 9 billing cycles.

2. Ink Preferred Credit Card

If you use this card and spend 15,000 dollars in the first three months then you have 100k points waiting for you. These points convert to 1,000 dollars in cash back or 1,250 dollars in travel rewards on Ultimate Chase rewards. This is because the points are worth 25% more in the rewards portal and also your points don’t expire as long as the account is open. The card is available for 95 dollars only and has a variable APY of 18.24%–23.24%.

3. Business Platinum Card from American Express

Use this card in the first three months and 1,50,000 membership rewards points wait for you. You can earn 5× or 1.5× points on various purchases using this card with some purchases also offering 1× points. Depending on your credit score expect to pay an APY between 17.24% – 25.24%. The card has an annual fee of 695 dollars per year. The card comes with a 200-dollar airline fee credit and asks for no foreign transaction fees. You also get the benefits of this card at Dell Technologies, Indeed, Global Entry, and TSA Precheck.

4. Shell Small Business Card

You can apply for Business credit card with EIN as a small business owner and can expect to get a card like this one. For per gallon, you get a 5-cent rebate with this card while also getting a discount at participating Jiffy Lube locations. The card carries no fee and also doesn’t ask for your SSN. However, you need to have a decent credit score that is in the range of 580 to 739, and only then can you get this card

Unfortunately, these were the only options that we could come up with for startups looking for a business card that asked for EIN only. Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card, Ink Cash℠ Credit Card, and Marriott Bonvoy Business® Credit Card are a few other credit card options that you can get based just on EIN, however, they ask for your SSN as well just for checking it security purpose and so we didn’t include them in the list.

Also Read: Credit Saint Clean Slate Reviews: Does it Work?

Corporate Credit Cards using EIN Only

When you apply for Business credit card with EIN your options are limited. Above we saw 4 startup-based cards that a business can get merely by providing EIN, there are also quite a few corporate credit cards that you can get your hands on just by providing your EIN and they are listed below.

1. Divvy

This is a credit card that is interested in working with small businesses but corporations can also get their hands on this card that has no annual fee. Also, they don’t report your activity to personal credit bureaus but only to business credit bureaus.

The card offers 7×, 5×, 2× and 1× points on various purchases but the reward rate drops if you pay monthly or semi-monthly instead of weekly. It is one of the best corporate credit cards using EIN only.

The card comes with zero introductory APY but you need to have been in business for 2 years before applying for this card. The annual revenue of your company should be more than 500k dollars, the business bank account should have at least 30k dollars or more, and the person signing for the card must have a credit score of over 650.

2. Airbase Corporate Card

One of the best corporate credit cards using EIN only comes in the form of an Airbase corporate card. There is no credit check or personal guarantee included in getting your hands on this card. To top it off the card also comes with no interest or fees. The card offers 2% cashback and offers 10-20× higher limits than other corporate cards.

With this credit card, you also have the option of getting a physical card or working with a virtual one. This card can be integrated with many accounting software and so which further simplifies your work.

3. Rho Corporate Card

If you want a credit card with no personal credit check or no personal guarantee and also one that charges you no fee then you are at the right place. No account payable fees, no check fees, no international fees, no domestic wire fees, no ACH fees, no foreign transaction fees, no interest, no cost per card fee, and no platform fee all of it comes with this card.

You also stand to get a 1.75% cash back on paying off your balance daily. The rate drops to 1.5% for 30 days and 0.75% for 45 days. More than 60 days and you get no cash back. Also, there is no credit score requirement to get this card and you can again get a physical card or a virtual one.

4. Ramp

Just like Divvy, you have a Ramp credit card that has no APY or no fee to ask you for. The card offers you 1.5× cashback on all qualifying business purchases. Just like Divvy, it is more of a charge card but then again to get this card you need to have 75,000 dollars or more in your bank account. Also, getting this card connects you with other lenders from whom you can get business loans or additional funding and that is what makes it even better.

Emburse Corporate card is another great corporate card that somewhat falls into this list and has great benefits to offer to the users but it is a prepaid card, moreover, they ask for your SSN not for checking your credit score but for identification purposes, however, for that reason, it wasn’t included in the list.

Business Gas Cards EIN Only

Towards the start of the article, we saw that EIN-only cards don’t necessarily have to be available just to corporations. Small businesses and sole proprietors can also get an EIN-only card while you also have the option of signing up for Business gas cards EIN only as well which is what we are now about to list down for you.

1. Sam’s Club Business Mastercard

This Mastercard-branded card gets you 5% back on US gas stations as well as Sam’s Club’s Walmart fuel stations. There is no introductory APY on this card and the regular fee is in the range of 17.90% to 25.90%. Also, the card is free. You only need to pay a 100 dollar membership fee for Sam’s Club to get this card.

The card comes with various 5%, 3%, and 1% cashback offers on eligible expenses. As a signup bonus, the card also has a 50 dollars credit statement giveaway for you if you spend 30 dollars on Sam’s Club purchases in the first 30 days. Yearly you can earn up to 5,000 dollars in cashback with this card.

2. Coast Fleet & Fuel Card

Of all the business gas cards EIN only options out there, this card is one of the best. One of the good things about this card is that it is not brand specific and can be used at any fuel station across the nation. To make it even better this card comes with no personal guarantee requirement and that is what makes this card great for fleet businesses.

For every gallon purchased, the card offers a discount of 2 cents. In addition, you also get a 10% discount on maintenance and oil changes at Jiffy Lube while also getting to enjoy a 30% discount on QuickBooks products for 6 months. It is one of the best business gas cards EIN only.

3. Chevron and Texaco Business Card

It is no mystery by now that to apply for business credit card with EIN you either need a good business credit history or some other criteria required to be met. And for this credit card, it is good business credit that you need to meet the eligibility criteria.

Using this card helps you save up to 0.06 dollars per gallon on volume-based rebates at any major fuel station. In addition, this card also gets you a discount on auto parts and other stuff. Also, the card commands no annual fee and there is a built-in account management system that you get access to.

4. Phillips 66 Commercial Credit Card

Again if you have decent or good business credit then without any personal guarantee or personal credit check you can get this great gas credit card. Again this card comes with no annual fee and it is usable at Conoco, 76, or Phillips gas stations. The APY of this card is 23.74%. Not many other rewards offered by this card can be known until you apply to get this card.

Shell small business credit card is another great business gas card that is available based just on EIN, however, since it has been mentioned above we didn’t specify it again.

Obtaining a business credit card with EIN can offer several advantages for businesses. It provides a separate line of credit, helps build a strong business credit profile, and enables easier expense tracking and management.

The post Apply for Business Credit Card with EIN: List of Cards appeared first on Moneymint.

What are Paytm Credit Card charges?

Before we learn more about Paytm credit cards, let us understand what is Paytm and how it works and why it is so popular.

What is Paytm? 

Paytm is a UPI payment app which helps you make cashless transactions over the internet right from the comfort of your home or any remote place. While the payment and digital aspects of it are the basic features of Paytm the app is not limited to it and its other features include:

• Making payments to people can be done via their phone number, QR code scanning or by using Paytm’s e-commerce platform.
• Payments can be made at any time of the day to anyone who has the Paytm app and has linked their bank account to it.
• Paytm comes with a wallet that you can recharge with your credit or debit card, net banking facility or UPI ID and this wallet can then be used on the Paytm app to pay for other bills, etc.
• Mobile recharge, DHTV recharge, paying utility bills, and purchasing certain items are a few things among many others that can be done via Paytm.
• SIP investments can be done via Paytm.
• Booking movie and train ticket is also possible via Paytm.
• Paytm has an e-commerce platform from which you can buy stuff. You also get cash back on various purchases that you make using Paytm.
• Paytm now even comes with games that you can play for free and you also stand a chance to win rewards from these games.

Paytm Credit Card Charges

Here are the charges that you have to pay when opting for different Paytm Credit Cards.

• Paytm SBI Card and Paytm SBI Card SELECT: For a fee of 499 rupees, you can get a Paytm SBI card and for 1,499 you can get a Paytm SBI card SELECT. Both the cards come with different sets of benefits, however, the SELECT version due to its price offers more benefits and has fewer cons.
• Paytm First Credit Card: For 499 rupees Paytm First Credit Card powered by Citibank can be yours. However, if your spending using the credit card crosses 1 lakh rupees then you do not need to pay a renewal fee.
• Paytm HDFC Bank Credit Card: The card costs you 49 rupees a month and that too can be waived off if you make a monthly spend of rupees 5,000 using this card.

Paytm Credit Card apply

After going over Paytm credit card charges, let us understand how you can apply to get one of these cards. Applying for a Paytm credit card has never been easier. By following these steps you are done with the Paytm credit card apply process.

1. Open the Paytm app on your device as shown and tap search icon.

2. Type Loan in search bar and select Credit cards option shown highlighted.

3. Tap Apply Now button to proceed.

Note: Tap Key Fact Statement to learn about features & charges in detail.

4. Enter the necessary details and Submit. Wait for a response from their team.

5A. If you are eligible for the cards then, you will be allowed to proceed further.

5B. Otherwise, you will be told that you are not eligible and you may have to work on improving your credit score or any other aspect that might be a hindrance for your chance to get the credit card.

Also Read: How to Become Paytm Service Agent – Earn up to ₹30000 per month

Paytm credit card benefits

Above we have mentioned multiple Paytm credit card charges and their application procedure, let us now highlight the benefits attached to each of them.

Paytm SBI Card and Paytm SBI card SELECT

By getting either card you can avail of welcome benefits worth up to 75,000 rupees and get a complimentary Paytm First membership. With the SELECT version, you also get a cashback of 750 rupees in your Paytm wallet. Both the cards get you cashback on Paytm mall, movies, and travels, for the basic card it is 3%, and for SELECT 5%.

Get 2% cash back on purchases made on the Paytm app and 1% cashback on other online purchases. Other benefits include getting airport lounge access, gift vouchers, surcharge waiver on railway tickets and fuel, insurance against cyber fraud, and milestone benefits.

Paytm First Credit Card by Citibank

With this card, you get up to 5% unlimited cashback. You also get lifestyle benefits worth 75,000 rupees. Use this card and you can get a discount of up to 20% on Dine-in.

Along with this, you get 5% cashback on Paytm Mall, 3% cashback on money spent on the Paytm app, 2% cashback on Paytm flights and 1% cash back on other purchases made via Paytm.

You also get 1% fuel surcharge waiver, international usage and a waiver on annual charge on meeting specified criteria are some other attainable benefits.

Paytm HDFC Bank Credit Card

If you use this card you get 3% cashback when you make purchases on the Paytm app, 2% cash back on other purchases made via this app, and 1% cashback on retail purchases.

You also get a 1% fuel surcharge waived off. Some other benefits include free Paytm First membership, various dining benefits and milestone benefits.

So that was all about Paytm Credit Cards. Before making a decision on which Paytm card to go with, you now know Paytm credit card charges for all the different cards. You also learned about Paytm credit card benefits and Paytm credit card apply. In the end, it comes down to you and your preferences when choosing a card.

Hopefully, this article will help you make the right choice. Keep reading for more such content!

The post What are Paytm Credit Card charges? appeared first on Moneymint.

HDFC Millennia Vs Regalia First Which Is the Better?

HDFC, headquartered in Mumbai and established in 1994 is one of the largest private banks in India. They have served around 7.10 crores of customers across India as of 2021. HDFC is known to have some of the best financial products for retail customers ranging from savings/current accounts to mutual funds, loans, and credit cards.

Their credit cards are known to have special benefits and reward systems that can be highly advantageous for card holders. All their cards are designed keeping in mind different customer categories so that everyone can find something as per their eligibility. Millenia and Regalia are two such popular cards that customers can choose from. This will help choose between HDFC Millennia credit card vs moneyback offers that they offer.

Regalia and Millennia are categories of cards in which one can find both debit and credit cards. Launched back in 2012, Regalia is older than Millennia. Regalia First is a common card type under the category. It has some added benefits when compared to the original Regalia card. On the other hand, the Millennia card was launched in 2019 and relaunched in 2021 with some added benefits and features.

In the beginning, HDFC had a very popular credit card, called All Miles credit card. This was a super popular choice among the customers who were not eligible for the Regalia card. However, it got discontinued.

After this, HDFC Regalia First as their alternative to All Miles card with similar features and benefits. Regalia First is the base level card in the Regalia card category. This is meant for those who are not looking to spend a lot on joining fees and spent minimally on shopping, travel, etc.

Millenia card, on the other hand, is a new type of credit card that is designed keeping in mind the spending style and preferences of the millennials. It is a digital-first card and carries a lot of benefits and rewards for online shoppers. One of the main attractions of this credit card is the CashPoints, which are cashback points rewarded for online and offline shopping.

Now, let’s jump into the detailed comparison between both of them in HDFC Millennia credit card vs Regalia First which is better.

Eligibility Criteria

HDFC Regalia First Credit Card

This is a premium card, and therefore, people with a salary above Rs. 1,20,000 can only apply for this.

• The applicant should be an Indian citizen.
• The minimum age to apply for a credit card is 21 years, the maximum is 60 years and 65 years for self-employed individuals.
• The salaried applicant’s monthly income should be more than or equal to Rs. 1,20,000.
• A self-employed applicant’s annual ITR should be more than or equal to Rs. 12,00,000 p/a.

HDFC Millennia Credit Card

This is a basic card meant for young professionals with a base salary of Rs. 35,000.

• The applicant should be an Indian citizen.
• The minimum age to apply for a credit card is 21 years, and the maximum is 40 years for salaried individuals and for self-employed individuals.
• The salaried applicant’s monthly income should be more than or equal to Rs. 35,000.
• A self-employed applicant’s annual ITR should be more than or equal to Rs. 6,00,000.

Joining & Renewal

HDFC Regalia First Credit Card

The annual fee for the HDFC Regalia First credit card is Rs. 1,000 + taxes. The card also charges Rs. 1,000 + taxes as a renewal fee to be paid annually. The renewal fee is waived off in case of expenditure of more than Rs. 1,00,000 on the card in the previous year.

On joining, customers will get a welcome bonus of 1000 rewards that they can redeem as cashback or as points for online shopping. Users will also get a renewal bonus of 1000 points as part of Regalia First’s credit card benefits. In case your renewal fee is waived off then, you cannot get access to the renewal bonus.

HDFC Millennia Credit Card

For the HDFC Millennia credit card, the joining fee is Rs. 1,000, and the renewal fee is Rs. 1,000 which is to be paid every year upon starting a new credit cycle. this fee is exclusive of taxes, which will be levied on the final bill.

If a person spends more than Rs. 30,000 in the first three months of the membership, then the membership fee is waived. Similarly, if the user makes use of the credit card to spend more than Rs. 1,00,000 in the entire credit cycle, then the renewal fee is waived off for the next cycle.

The users will get 1000 welcome CashPoints or rewards points for joining the credit card membership. It can be used for online purchases, hotel, and travel bookings or can be used to get a cashback on the credit statement.

Also Read: How to Check Credit Score Online?

Fees & Charges

Let’s compare the fees that one will have to pay for every card, to get a better view of HDFC Millennia credit card vs Regalia First which is better.

HDFC Regalia First Credit Card

HDFC Millennia Credit Card

Features & Benefits

Following are the features and benefits to get a picture of HDFC Millennia credit card vs Regalia First which is better.

HDFC Regalia First Credit Card

Here are some of the benefits and rewards you can experience with Regalia First credit card:

• Retail Expenses: You will get 4 reward points per Rs.150 for every utility, rent, insurance, and educational bill payment. You can cashback with the help of the HDFC Regalia First credit card reward points redemption process.
• Milestone Benefits: If you spend more than or equal to Rs 6,00,000 in a year, you will get a reward of 2,500 points worth Rs. 750. And, if you spend more than or equal to Rs. 3,00,000 in a year, you will get 5000 reward points worth Rs. 1,500.
• Lounge Benefits: You will get 8 complimentary access to domestic lounges per annum. And if you avail for a priority pass, then you will get 3 complimentary international lounge access per year.
• Smartbuy Rewards: If you make purchases online on the SmartBuy platform, you will get accelerated 5% cashback on your expense.
• Dining Benefits: If you spend more than Rs. 75,000 on your credit card for paying restaurant bills, then you will get a minimum 35% discount per quarter. You can also avail 1+1 buffet feature in select restaurants and a 25% discount in 2000+ premium restaurants.
• Fuel Surcharge Waiver: Credit cardholders will get a 1% fuel surcharge waiver in all gas stations in India. The minimum bill should be Rs. 400 and the maximum should be Rs. 5000.
• Accident Coverage: You are also eligible for Rs. 5 lakh worth of credit liability cover, Rs.50 lakhs worth of accident air death cover, and Rs. 10 lakh worth of overseas hospitalization cover.

HDFC Millennia Credit Card

Here are some of the benefits and rewards you can experience with a Millennia credit card:

• Cashback Benefits: With the Millennia card, you will get a plethora of cashback reward benefits designed in the form of CashPoints. For all your offline payments and expenses, you will get 1% cashback with a maximum cap of Rs. 750. For your online SmartBuy payments at various online retailers like Amazon and Flipkart, you will get 5% cashback. The maximum cashback in this category is Rs. 1000 for the first six months and Rs. 750 after that. If you are making payments online or spending on any other website, then you can avail of a cashback worth 2.5% which is capped at Rs. 750 per month. You can redeem the cashpoints only if they are above the mark of Rs. 2000.
• Lounge Benefits: Those who are primary cardholders of HDFC millennia, will get 8 complimentary lounge access in domestic airports every year and 2 times in a quarter.
• Dining Benefits: With their Dineout passport, which is offered to new cardholders for the first three months, you can receive a 20 percent discount. Several eateries across the nation accept this offer. Benefits for premium restaurants under the Good Food Trail program are another program to which you have access. Select restaurants provide a 1+1 buffet along with drinks. Additionally, you can receive a guaranteed 25 percent discount at more than 2000 upscale restaurants.
• Contactless Payments: You can use your credit card for cashless payments. You can simply show the card to the payment terminals, and the payment will get deducted easily. If your bill is below Rs. 2000, there will be no need to provide a PIN, but above the amount, you will have to avail your PIN.
• Fuel Surcharge Waiver: All petrol stations in India will waive 1% of the fuel bill for credit card holders. The minimum and maximum payments should be Rs. 400 and Rs. 5000 rupees, respectively.

Drawbacks

Let’s compare the drawbacks of the two cards and understand HDFC Millennia credit card vs Regalia First which is better.

HDFC Regalia First Credit Card

• There is a lack of variety when it comes to rewards for online payments and platforms.
• Free priority pass membership is available only after 4 transactions.
• The default rewards rate is as low as 0.8%.
• Complementary insurance coverage is not for add-n members.
• Travel insurance coverage is for international traveling only.
• Under complementary travel benefits, co-branded products and air miles are not included, and only lounge access is provided.

Rewards points are valid only for 2 years for HDFC Regalia First credit card reward points redemption, after which it will expire.

HDFC Millennia Credit Card

• For fuel transactions, there is no cashback option.
• Rewards and cashback are eligible for higher purchases.
• For statement balance redemption using CashPoints, one should have a minimum of 2,500 points.
• In travel benefits, only domestic lounges are included and there are no international airport lounge benefits.
• There is a maximum cashback cap on all the categories of 1%, 2.5%, and 5%.
• The cashpoints will expire after one year.

Also Read: 10 Questions to Ask Before Applying for a Credit Card

Which One Is Better?

HDFC Regalia First is meant for those who are frequent users of credit cards and tend to use them for most of their expenses. You will get multiple Regalia First credit card benefits like international lounge access, dining benefits, insurance coverage, etc. at a comparatively lower annual fee when compared to the Regalia card by HDFC. This card is a premium card but within budget.

On the other hand, the HDFC Millennia credit card is a perfect choice for those who are looking to spend less but get good rewards. If you are a frequent online shopper and travel domestically a lot, then this card is a good choice. You can access many benefits and rewards in terms of cash points that you will get after using a credit card for expenses.

This is a perfect card that will meet young generations’ requirements like frequently traveling, online shopping, dining out, etc. This card is also a full digital contactless card for online and offline payments.

Therefore, when one asks about HDFC Millennia credit card vs Regalia First which is better, the simple answer is; that HDFC Regalia First is more of a premium card that is targeted towards the middle-aged generation, whereas, Millennia is more of a young age millennial card with low-income slab eligibility and more rewards.

The post HDFC Millennia credit card Vs Regalia First Which Is Better? appeared first on Moneymint.

28 Best Credit Card in India

When we talk about finding the best credit card it is necessary that we understand the criteria to choose one among the others will need you to compare cards on various fronts like fees charged, benefits provided, public rating, etc. Thus, we have compiled a list of the best credit cards available in India.

1. Axis Bank Ace Credit Card

This card is available for pretty cheap. You are eligible for this card if you are an Indian resident and between the age of 18 and 70 years. The card comes with no limit on the upside for cashback rewards and the holder of the card can earn:

• 5% cash back on hotel and other bills
• You can also get lounge access at the airport
• For normal payments, the users can expect a cashback of 2% while DTH and mobile recharge via GooglePay get you 5% cash back. The card can also be accessed via the Axis bank app.

Fees and Charges:

• Annual fees – 499
• The charge on the card is 3.6% per month or 52.86% per annum.
• Cash withdrawal fee is 2.5% and a minimum sum of 500 rupees needs to be withdrawn.
• If you go over the limit by 500 rupees or more on the card then you will be charged 3% of the over limit amount as a penalty.

2. SBI card Elite

This is one of the best credit card in India that you can get. SBI card Elite can be managed by linking it to the best credit card payment app for Android.

• This card is very useful for people who shop or travel a lot, moviegoers also benefit from using this card
• Trident Privilege membership, and club Vistara benefits, are some of the additional perks that come with this card in addition to complimentary movie tickets available occasionally
• If you sign up for Mastercard then you get 4 rounds of complimentary green fees access and up to 50% off on golf games and also 1 free golf lesson per month at selected golf courses across India. You also get up to 15% discount on best room rates and up to 15% discount on F&B at Lalit Hotels
• Signing up for Visa gets you savings of up to 10% on car rental service offered by Hertz and up to 35% on car rental service offered by Avis. You also get exclusive benefits across 900 luxurious hotels worldwide
• Getting an American Express gets you dining offers and up to 25% discount on various places in your city. You also get a complimentary tablet plus membership and access to VIP upgrades and privileges at Indian as well as hotels the world over.

Fees and Charges:

• Annual fees – 4,999 rupees

3. HDFC Regalia Credit Card

For travelers and shopping fanatics we have this wonderful card available.

• Like a lot of other credit cards, this card too gets you access to an airport lounge with 6 of them out of India and 12 within India
• The card usage also gets its user reward points. For every 150 rupees that you spend on retail payments, you get 4 points in return for it which you can use to get benefits on your next transactions. The card can be managed via HDFC app. The card itself has a classy and appealing look
• You get a bonus of 10,000 reward points for spending 5 lakhs and on a spend of 8 lacs you get additional 5,000 reward points in an anniversary year.
• The card also gets you a 1% fuel surcharge waiver at all fuel stations across India.
• You also get a fixed 25% off at 2,000+ premium restaurants, a 1+1 on buffets across 200 restaurants, and an additional 5% off with zero convenience fees.

Fees and Charges:

• Annual fees – 2,500 rupees

4. Flipkart Axis Bank Credit Card

This collaboration card can be accessed via Flipkart as well as the Axis bank app. If you are between the age of 18 and 70 and an Indian resident or NRI, then you are eligible for this credit card. For just 500 rupees, it gives you in return benefits worth at least thousands if not more. New users of the card get welcomed with Flipkart vouchers and that’s not all,

• If you use this card on Flipkart or Myntra then you get 5% cashback. The card is very attractive for online shoppers and is usually the go-to credit card for many of them.
• You get 1,100 rupees worth joining and activation benefits and 500 rupees worth of Flipkart voucher on your first transaction.

Fees and Charges:

• Annual fees – 500 rupees
• The finance charge is 3.6% monthly or 52.86% per annum
• Cash withdrawal is charged at 2.5%.
• Over-limit penalty is also charged at 2.5%.

5. Amazon Pay ICICI Credit Card

Cards that benefit online shoppers are plentiful and add to that long list we have this card born from Amazon’s partnership with ICICI bank. Apart from shopping the card also offers good cashback offers. The charge for this card is nil and we all know how much free things are liked by one and all. In return for using this card,

• The users get up to 5% cash back on the amount that they spent on Amazon.
• With this card, you can get yourself a 15% discount at over 2,500 restaurants.
• You also get a 1% waiver on fuel surcharge.

Fees and Charges:

• Annual fees – Nil

6. Citi PremierMiles Credit Card

From Citibank, we have this top credit card which is crafted especially for the traveler within you. For a card that claims to be a traveler’s card, one might not be shocked to know that this credit card provides you with up to 10 times reward points when you make transactions related to air travel. You can use the Citibank app to access/manage your card and also you link it with various credit card payment apps.

• You get complimentary access to select airport lounges across India.
• Your Miles never expire and can be transferred to 14 airlines as well as hotel partners.
• You also get 20% savings in participating restaurants.

Fees and Charges:

• Annual fees – 3,000 rupees

Also Read: 10 Questions to Ask Before Applying for a Credit Card

7. HDFC Millenia Credit Card

The number of HDFC cards on this list only shows just how well the bank knows its customers and how they craft top credit cards for them. With this card, you get access to one of the best credit card in India. Anyone between the age of 21 to 40 who is also an Indian national is eligible for HDFC Millennia card provided that a salaried person earns more than 35,000 as gross salary or a self-employed person who earns 6 lakh per annum.

• Using this card gets you 5% cashback on partner brands and the card can be linked to some of the best credit card payment app as well as some of the best credit card app for Android.
• A 20% discount on partner restaurants via Dineout awaits you.
• You also get 2 complimentary lounge access per quarter.
• You also stand to earn a 1% waiver on fuel surcharge.

Fees and Charges:

• Annual fees – 1,000 rupees

8. Standard Chartered DigiSmart Credit Card

Just like HDFC, Standard Chartered also keeps featuring on this list again and again with one credit card after the other.  You can be associated with this credit card by paying just 49 rupees a month. This card is especially useful for online shoppers. To get this card you should be between the age of 21 and 65 years and have a minimum monthly income of 50,000 rupees. The card comes with a lot of benefits for its users with the standout benefit being

• Up to 20% off partnered banks which is surely strong enough to convince a handful number of people.
• If you spend 5,000 rupees using the card then your 49 rupees charge for the following month gets waived off

Fees and Charges:

• Monthly fees – 49 rupees

9. BPCL SBI Card Octane Credit Card

On this list of credit cards that till now has been dominated by shopping and traveling credit cards, we have the first credit card that is built for benefiting those who find themselves refilling their fuel tanks often. Since the card is partnered with BPCL you can get

• A 7.25% value back on the amount that you spend on fuel refill at BPCL petrol pumps.
• Paying the annual fee gets you 6,000 reward points which is as good as 1,500 rupees.
• This is an International card and works in 24 million outlets around the world and in India it is functional in 3,25,000 outlets.

Fees and Charges:

• Annual fees- 1,499 rupees

10. HDFC Bank Diners Club Privilege Credit Card

And just like that we now have a credit card on the list that is a lifestyle favoring credit card. This card by HDFC was built to cater to travelers and lifestyle fanatics. You can be assured that HDFC will come out with a credit card to cater to every niche and it will provide an unrivaled service/experience. A salaried person between the age of 21 and 60 years who earns more than 70,000 rupees per month is eligible for this card. A self-employed person between the age of 21 years and 65 years with an annual income of more than 8.4 lakh per annum is eligible for this credit card. The rewards that you can get from using this card include getting an

• Amazon Prime membership is complimentary, MMT Black, Dineout Passport, etc.
• You get a 1% waiver on fuel surcharge
• 12 complimentary airport lounge access at 1000+ airports in India and around the world.

Fees and Charges:

• Annual fees – 2,500 rupees

11. HDFC InterMiles Signature Credit Card

For frequent air travelers, HDFC has a credit card for which it has collaborated with InterMiles Loyalty Program. The users of this card get a lot of InterMiles points on meeting various parameters. You also get a complimentary silver membership for InterMiles when you sign up for this credit card. A salaried person between the age of 21 and 60 years who earns more than 90,000 rupees per month is eligible for this card. A self-employed person between the age of 21 years and 65 years with an annual income of more than 12 lakh per annum is eligible for this credit card. This card gets you,

• Complimentary access to the airport lounges
• Helps you save money on hotels and flights, and also gets you discounts on Etihad flights.
• On renewing the card you stand to get rupees 750 off on flight tickets and 1,000 rupees off on hotels.
• Per quarter you get 4 complimentary lounge visits.
• You get a 1% waiver on fuel surcharge on all petrol pumps.

Fees and Charges:

• Annual fees – 2,500 rupees

12. Air India SBI Signature Credit Card

With this credit card, SBI offers you its version of a travelers credit card which has been made in collaboration with Air India. The card enjoys a huge fan following amongst frequent Air India users and one can clearly see why that’s the case, with this card,

• You get the benefit of the Air India Frequent Flyer program. You also get airport lounge access, free membership, accelerated rewards, etc., and your rewards can be converted to Air India Miles as well.
• Get a 1% waiver on fuel surcharge across all Indian petrol pumps.
• The card works in 2 million Visa outlets out of which 2,85,000 are located in India.
• You can withdraw cash from 1 million Visa ATMs worldwide or from 18,000 of those in India.
• You can also withdraw money from 10,000 SBI ATMs present across 100 Indian cities.

Fees and Charges:

• Annual fees – 4,999 rupees

Also Read: How to Check Credit Score Online?

13. Axis bank Vistara Signature Credit Card

Axis bank didn’t want to stay behind on this one so it came up with a collaboration with Vistara and there are no points for guessing who this credit card is popular amongst. This is one of the best if not the best credit card in India 2022. The card can be accessed via the Axis bank app and also readily connects with the best credit card payment app that is out there. The best credit card app for Android can all pair well with this credit card and provide you with a hassle-free transaction experience. If you are between the ages of 18 to 70, an Indian resident, and earn 6 lakh per annum then you are eligible for the card.

Fees and Charges:

• Annual fees – 3,000 rupees
• Finance charge on the card is 3.6% per month or 52.86% per annum
• The cash withdrawal fee is 2.5% per annum.
• Over-limit penalty is also chargeable at 2.5%.

14. IndianOil Citi Credit Card

Indian Oil and Citi bank collaborated to make this credit card. Using this card gets you,

• Turbo points when spent on specified items and these points can be used at Indian Oil petrol pumps in place of hard cash.
• Using this card also gets you a 1% waiver on a surcharge at Indian Oil pumps which is again a plus point. The point redemption system supported by this credit card is very flexible making the user’s life easy.
• You stand to earn rewards on fuel, holidays, air miles, cashback and more.
• You also get up to 20% savings on participating restaurants.

Fees and Charges:

• Annual fees – 1,000 rupees

15. IndianOil Axis Bank Credit Card

Indian Oil is the first company on this list that has collaborated with two banks for a credit card that features among the list of best credit cards. If you are between the age of 18 and 70 years and are an Indian resident or an NRI then you are eligible for the card.

• You get 100% cashback within 30 days as a welcome gift.
• On online shopping, there is a 1% value back reward that you can expect.
• You can also get benefits while booking tickets using BookMyShow when you use this credit card for the transaction.
• The card also has partnered up with various dining outlets where you can get discounts for yourself if you make your payment using this credit card.

Fees and Charges:

• Annual fees – 500 rupees
• Finance charge on the card is 3.4% a month or 49.36% per annum.
• Cash withdrawal is also charged at 3.4% on this card
• The over-limit penalty is charged at 2.5%.

16. HDFC Bharat Cashback Credit Card

This is not your average-looking credit card and is the first of its kind on this list. HDFC’s Bharat Cashback credit card comes with its fair share of benefits for its users. A salaried person between the age of 21 and 60 years who earns more than 12,000 rupees per month is eligible for this card. A self-employed person between the age of 21 years and 65 years with an annual income of more than 2 lakh per annum is eligible for this credit card.

• Using this card gets you benefits on fuel, grocery, utility bill payments, etc.
• You can also get a cashback of 5 percent when booking tickets on IRCTC and you are given a 1% fuel surcharge waiver.

Fees and Charges:

• Annual fees – 50 rupees

17. BPCL SBI card

This SBI card has been devised in collaboration with BPCL. Using this card you can get,

• Up to 4.25% value back on transactions made at BPCL petrol pumps.
• Other benefits available when using this card are rewards on grocery, dining, movie tickets, etc. These rewards and a very low annual charge make this card one of the best credit card in India 2022. The card can also be paired with all the best credit card payment app available on the market. The best credit card app for Android all supports the card so you need not worry about failed transactions.
• The card is an International credit card and can be used in 24 million outlets worldwide and in 3,25,000 Indian outlets.

Fees and Charges:

• Annual fees – 499 rupees

18. HDFC Infinia Credit Card Metal Edition

We now have a special edition card on the list courtesy of none other than HDFC. It is also the first Invite-only credit card on the list and its annual fee of rupees 12,500 partially tells you why. The card has offers to give away money spent on various items and is specially crafted for people who believe in spending a lot.

• In the first year, you get a complimentary Club Marriott membership.
• Other benefits include getting unlimited golf games at courses across India, a 1+1 buffet in ITC hotels as well as book a 3 night stay and pay only for 2 nights only that have signed up for the offer, and much more.
• Play unlimited rounds of golf at India’s leading courses and select courses worldwide. You get 10,000 reward points on activation of the card.

Fees and Charges:

• Annual fees – 12,500 rupees

Also Read: 10 Best Credit Cards for Travel in India

19. Axis Bank Reserve Credit Card

Now we have the mother of all credit cards with this top credit card priced at 50,000 rupees annually. With a price like that it’s easy to understand that the card comes with the most benefits when compared to other cards on this list.

• You can get unlimited access to airport lounges, membership to various top leisure hotels, 8 free VIP assistance services, and much more with this card in your pocket. On this list of the best credit card in India 2022, this is so far the priciest card and is compatible with all the best credit card payment app and the best credit card payment app for Android.
• You get a 1% waiver on fuel surcharge. You also save 25% on health and wellness coaching plans with 1st session being complimentary.

Fees and Charges:

• Annual fees – 50,000 rupees

20. SBI Card Prime

Back to more affordable credit cards, we have this SBI card. If you are using this card then you should know that this card provides all-around benefits and is not specifically made for travelers, shoppers, or anyone else.

• As a welcome gift, you get E-vouchers worth rupees 3,000, complimentary Club Vistara and Trident Privilege Red Membership, access to international and domestic airport lounges, etc. The card boasts of one of the highest reward rates in its price category.
• This card is accepted by 24 million outlets across the globe including 3,25,000 outlets in India.
• If you sign up for Mastercard then you get 4 rounds of complimentary green fees access and up to 50% off on golf games and also 1 free golf lesson per month at selected golf courses across India. You also get up to 15% discount on best room rates and up to 15% discount on F&B at Lalit Hotels.
• Signing up for Visa gets you savings of up to 10% on car rental service offered by Hertz and up to 35% on car rental service offered by Avis. You also get exclusive benefits across 900 luxurious hotels worldwide.
• Getting an American Express gets you dining offers and up to 25% discount on various places in your city. You also get a complimentary tablet plus membership and access to VIP upgrades and privileges at Indian as well as worldwide hotels.

Fees and Charges:

• Annual fees – 2,999 rupees

21. Standard Chartered Platinum Rewards Credit Card

Taking a step further down, we have a Standard Chartered credit card making an appearance once again. The card rewards you points which you can spend on paying the credit card bill or can be redeemed for vouchers and gift cards. The reward points offered by the card do not belong to one category and concerning its price of rupees 250 the reward rate is more than satisfactory. To be eligible for this credit card you need to be of between the age of 21 and 65 years and have a stable monthly income.

Fees and Charges:

• Annual fees – 250 rupees
• Finance charge for this card is 3.75% per month or 45% per annum.

22. SimplyCLICK SBI Credit Card

There is yet another SBI card that you didn’t know you needed. If you are an online shopper and love being rewarded for your spending then this is the card you need.

• The card comes with no hidden charges and on getting this card you get a 500 rupee Amazon voucher which only makes up a few of the benefits among many that this card comes with. The card is popular amongst shoppers and rightly so.
• You get a 1% fuel surcharge waiver.
• The card is accepted globally by 24 million outlets including 3,25,000 in India.
• You can withdraw cash from 1 million Visa or MasterCard ATMs across the globe.

Fees and Charges:

• Annual fees – 499 rupees

23. American Express SmartEarn™ Credit Card

We now have the first and only entry from American Express on this list of the best credit card in India 2022. This is coincidentally the cheapest Amex card and there are no fees attached to losing this card. The reward rate of this credit card per its annual charge is commendable. An Indian resident over the age of 18 is eligible for this credit card provided they meet further criteria like, living in particular cities mentioned by the company, earn a salary of more than 4.5 lakh per annum or are self-employed and earn more than 6 lakh per annum. You should have a savings or current account with an Indian or multinational bank, a good credit history and lastly for self-employed people their company must have been trading for more than a year.

• As a welcome benefit, you can get a cashback of 500 rupees on spending 10,000 rupees using the card within the first 90 days of getting the card.
• You also get membership reward points for spending money on certain items mentioned.

Fees and Charges:

• Annual fees – 495 rupees

24. SBI SimplySAVE Credit Card

Here you have with yourself yet another SBI card, the SBISimplySAVE credit card. Moviegoers, shoppers, and frequent diners are the target audience this card is aimed at. The card is specially crafted for offline shoppers and comes with a whole host of benefits.

• If you spend 2,000 rupees within the first 60 days of getting the card then you get a 2,000 rupee bonus. Reward points earned can be used to pay credit card due or to purchase things listed on the SBI website.
• The card is accepted globally by 24 million outlets including 3,25,000 in India.
• You can withdraw cash from 1 million Visa or MasterCard ATMs across the globe.

Fees and Charges:

• Annual fees – 499 rupees

Also Read: 28 Best Highest Paying Jobs in India

25. RBL Bank Shoprite Credit Card

This list finally has its second RBL credit card that rightfully takes its place on this list.

• This card can get you a 10% discount on movie tickets and reward points earned using this card can be used on mobile recharge.
• The card also gives you 2,000 reward points if you spend money within the first 30 days of getting the card.
• The card has a lot of other benefits that it offers but benefits on fuel and a waiver on surcharge surely make for the best benefits available. You get 2.5% value back on fuel spends and are charged no fuel surcharge.

Fees and Charges:

• Annual fees – 500 rupees

26. Axis Bank Buzz Credit Card

Priced decently we have this Axis Bank Buzz credit card. The card was made for online shoppers and rewards you with Flipkart vouchers.

• People shopping on Flipkart can get as much as a 10% discount and using this card can get you rewards or even cashback depending on the situation.
• Users also get a 15% discount on partner restaurants which is just another benefit offered among many others via this card.

Fees and Charges:

• Annual fees – 750 rupees
• For cash payment you are charged a fee of 100 rupees.

27. IDFC FIRST Millennia Credit Card

Only the second credit card on this list of best credit card in India that does not require any annual fees comes from IDFC. The reward earned by having this card comes with no expiry date which is a true highlight for any card and even more special for a free card. The card is compatible with all the best credit card payment app and the best credit card payment app for Android which makes it even more appealing.

Fees and Charges:

• Annual fees – Nil
• Finance charge is between 0.75% to 3.5% per month or 9% to 42% per annum.
• The overlimit charge is 2.5%.

28. SBI Aurum Credit Card

For an annual fee of rupees 10,000, you get this simple yet stunning-looking credit card. This is a super-premium credit card which again can be availed only via the Invite-only option.

• The card has a provision to get you 3,500 rupees in case of air ticket cancellation
• Foreign exchange markup charges levied are very low at 1.99%.
• This card is again built for heavy spenders and amongst other benefits, the users also get 4 movie tickets worth 1,000 rupees free every month.
• You get 40,000 bonus reward points which is equal to 10,000 rupees as a welcome benefit.
• Per quarter you get access to a domestic lounge 4 times and unlimited access to International lounges. You also get 1 visit per quarter to the Airport Spa.

Fees and Charges:

• Annual fees – 10,000 rupees
• Finance charge on this card is 3.5% per month or 42% per annum.

To help you make an informed decision, please read our comparative statement in the table below.

Best Credit Card Payment App for Android – Cred

While this can be an issue of dispute there is no doubt as to the rise of CRED as the best credit card payment app. Be it the ratings and reviews or the number of downloads that CRED has, all of it cements its place as the No.1 credit card payment app that we currently have.

Some features of CRED include:

• Earn reward points on every payment.
• Instant notifications when your credit card bill is released.
• Track payment history.
• Use Smart Statements to get a detailed overview of your spending habits.
• Earn extra cash using CRED referral offer.

Yet again CRED takes off the number 1 position as the best credit card payment app for Android due to the reasons established above. It is commendable for any app to be as new as CRED in the market and still to not only have made its mark but to be the number 1 in its segment in so much less time.

With these 28 credit cards laid bare in front of you, we have done our job at breaking down why these belong on this list. It comes down to each person now to look out for the credit card that is the best for them.

A traveler might choose a different credit card when compared with a shopper and so on. It is now up to you to decide which is the best credit card in India for your requirements. We hope you found this article informative. Keep reading for more such content!

The post 28 Best Credit Card in India appeared first on Moneymint.

Best Credit Card and Debit Card without SSN

Given below is the list of the best credit card and debit card without SSN. These cards are great for those who want to avoid the hassle of applying for a traditional card with their SSN. But before we go further, let us understand what is SSN.

What is an SSN?

The Social Security Administration of the US provides a nine-digit number to permanent residents, working residents, and permanent US citizens. Earlier the number was used for tracking individuals but today it has a wider use as it has become an identification number that is used for stuff like taxation and more.

SSN came into existence in November 1936 and within three months 25 million such numbers had already been issued. Earlier SSN was allotted to people over the age of 14 but today a child can get one right after their birth. Now, let us check out debit card without SSN.

Best Debit Card without SSN

In the case of debit cards, one may not worry about SSNs as there are options for debit card without SSN. However, these debit cards might not be like traditional debit cards but are rather prepaid debit cards.

A prepaid debit card requires you to pay beforehand like a prepaid mobile service. So here you make the payments in advance and then use the balance on the card. Now that this is out of the way let’s look at the options that you have when opting for SSN-less debit cards.

1. Bluebird American Express Prepaid Debit Account

Amex is a well-known card issuer and so it shouldn’t come as a surprise that they offer their customers prepaid debit card options that require no SSN. The card is reloadable and can be used anywhere in the US as long as the place accepts Amex cards.

The card also supports direct deposits and so your pay comes to you 2 days earlier than usual with this card. The card also has certain eligible purchases that it covers for 120 days in case of accidental damage or theft.

This card can be accessed for free at 30,000 ATMs and you also have the option to add cash for free at Walmart. And you can also transfer money for free to Bluebird account holders.

The card comes with a team of customer service executives always available to help you. Also, this card has no annual fee or foreign transaction fee to levy on you. The card has gotten a rating of 4.6 stars and doesn’t impose a lot of charges on you. You can get this card by providing an ITIN in place of an SSN.

2. Serve American Express Prepaid Debit Account

If one Amex card wasn’t enough, then you now have another one as well. This is yet another Debit card without SSN and it also has received a 4.6-star rating out of 5.

The card can be accessed at 30,000 locations for free and the card also supports direct deposits due to which you can get your paycheck 2 days earlier than normal. The card is free of charge for anyone who at least once makes a direct deposit of 500 dollars or more in a statement period.

The online bill pay service that comes with the card helps you save time and avoid late fee payments. You get text messages and alerts and you can also send money, pay bills or check transactions on the go when you get this card. The card has no hidden fees and also no credit check is required to obtain it. You also don’t require to have any kind of minimum balance on this card and an ITIN can be provided instead of SSN.

3. Mango Prepaid Mastercard

Rated 4.6 out of 5 this Mastercard branded Prepaid debit card is another great option for you when you want to get yourself a card that does not ask for an SSN. The card comes with no hidden fees or interest charges. The card can be used at all Mastercard-accepting locations.

Activating and loading this card can get you the option of starting a savings account for as low as 25 dollars. The money in this account then gets you 6% APY and each month you can make 6 outbound transactions.

You can obtain this card by providing a personal code, ID code, or certain other numbers in place of an SSN. This card can be obtained without going through any credit checks. The card can be reloaded at participating Green Dot Bank retailers or by yourself through PayPal, direct deposits, and other ways. Now you know about some debit card without SSN.

Virtual Bank Account without SSN

It’s not just the debit card without SSN that is your only option. You can get yourself a virtual bank account or even a credit card without an SSN. The only thing to keep in mind is that it will severely reduce your options. To get a virtual bank account without providing SSN might sound simple but that is not the case and so to help you navigate through this difficult situation we have a little bit of something for you.

Virtual Bank Accounts

Not all banks provide the option of virtual bank accounts and even fewer have this option open for non-residents. Even if you manage to fund something for yourself as a non-resident, know that the account opening requirement for you will vary drastically for you and a US resident. Say if they have to deposit 100 dollars when opening the account you might be asked to deposit anywhere between 5,000 and 25,000 dollars.

This inequality takes place because a non-resident is considered a much more risky party to the bank as compared to the resident. A no-resident person can’t be verified easily nor is their address verification as straightforward as is for a resident and thus you will be treated much differently.

A virtual bank account without SSN might not be easy to get but there are alternatives that you could opt for like getting an ITIN. If you are a qualifying non-resident or an alien resident then you can try getting a US individual taxpayer identification number.

Those that can’t qualify for an SSN can go ahead and get ITIN which is a similar kind of number. Getting an ITIN again increases the number of options open to you as a non-resident. But while your options are increased it does not guarantee to get you an account if you don’t meet the other mentioned local requirements.

All in all just like a debit card without SSN it is possible to go ahead and score a virtual bank account without providing an SSN but it might be a bit more complicated than it is for debit cards.

Getting an ITIN does make things easier for you and you can then avail many options as a resident would. However, if you are not keen on getting an ITIN then you could consider alternative options like getting an account with a brick-and-mortar bank or something of that kind.

Best Credit Card without SSN

Just like debit cards, it is also possible to get a credit card without SSN. While debit cards become prepaid debit cards as soon as you remove the SSN credit cards remain the same. The nature of a credit card is not as much affected as a debit card but these credit cards may differ somewhat from the other credit cards based on the interest rate charged or other bases. Let us begin our list of credit card without SSN.

1. Bank of America Travel Rewards Credit Card

This credit card comes with a 0-dollar annual fee just as we saw in the case of most debit card without SSN. A 25,000 points welcome bonus awaits you with this credit card. The card has an APR between 18.24% and 28.24% and the credit score requirement to be eligible for this card is 700 to 749. The card comes with no hidden charges and rewards the user with 1.5 points per dollar spent using it.

The introductory APR on this card is 0% for 18 billing cycles. The balance transfer fee is 10 dollars or 3% of the transaction amount whichever is higher. The card also comes with 0-dollar fraud liability, warranty protection, travel emergency assistance, lost luggage reimbursement, roadside dispatch, and auto rental collision damage waiver benefits.

2. Deserve EDU Mastercard for Students

If you are an international student looking to get a great credit card that can be obtained without an SSN then you should consider getting this credit card. The card also doesn’t need an ITIN from you as your US home address and details of college and course will be enough to get you this card.

The card offers you 1% cashback on all purchases. If you spend 500 dollars in the first three billing cycles using this card then you get a year free on Amazon Prime student.

This card again comes with a 0-dollar annual charge. The APR of this card is 22.99% and this card does not ask you to have any kind of credit score to be eligible to sign up for it. This card also charges no foreign transaction fee from you making it more and more lucrative with each offering.

3. Capital One QuicksilverOne Cash Rewards Credit Card

For an annual fee of 39 dollars, you can get your hands on this credit card without SSN. The card comes with an APR of 29.74% and the credit score requirement is not much as even someone with a fair or average score can get it.

This card gets you unlimited 1.5% cash back on every purchase and not just that but you can also increase your credit line on this card in as less as 6 months.

Unfortunately, this card doesn’t offer any welcome bonus to its users but a 5% cash back on hotel and car rentals booked through Capital One can be availed by the users. The card also offers benefits like 0-dollar fraud liability and replacing a lost card quickly.

4. Capital One Platinum Secured Credit Card

If your credit score is bad or if you don’t have one then this card can be the one that can get you started. Just like you have debit card without SSN that is free of charge, this card is similar to those but instead of a debit card it is a credit card.

The APR of this credit card is 29.74% and there is also no foreign transaction fee on it. Again this card has no welcome bonus for you nor does it provide any rewards or benefits to the user apart from 0-dollar fraud liability and being able to check your credit score via the Capital One website.

5. Petal 2 Visa Credit Card

For this card with an APR between 17.24% and 31.24%, you pay 0 dollars in annual fees. The card has a reward rate of 1 to 1.5% in cash back. Again this card can be obtained by providing ITIN instead of SSN. It is one good credit card without SSN.

This case has no foreign transaction fee and no security deposit is required. Anyone with limited or no credit score also can sign up for this card.

It is an entry-level card that acts as a credit builder and so the card does not come with many rewards and also no balance transfers are allowed. The card also does not charge any late fee and they report your activities to 2 major credit bureaus which can be a good thing for you.

6. Capital One Quicksilver Secured Cash Rewards Credit Card

Again we have a credit card that is available for 0 dollars annual fee. This credit builder credit card comes with an APR of 29.74% and is available to people with no or limited credit history. The reward rate of this card is 1 to 1.5% in cash back and ITIN would be enough to get you this card.

This card gets you 5% cash back on rental and hotel bookings made via Capital One Travel. The card also gets you 6 months of Complimentary Uber One membership. The card also comes with benefits like 0-dollar fraud liability and an upgrade to a higher credit line in as less as 6 months.

7. Capital One Savor One Student Cash Rewards Credit Card

A student-oriented card with APR between 19.24% and 29.24% is available for 0 annual fees just like most debit card without SSN. The card has a reward rate of 1 to 5% in cash back and is obtainable with an ITIN. If you are looking for a credit card without SSN then this could be it.

The card also gives you 3% cash back on money spent on dining, entertainment, popular streaming services, and grocery store purchases. 8 and 10% cashback await you when Capital One Entertainment purchases or Uber & Uber Eats purchases are made using this card.

This card comes with 0 foreign transaction fees and with a 50-dollar reward bonus. You can also earn 500 dollars a year with referrals. The card has no hidden fees and offers a 0 dollar fraud liability facility to the user.

8. Chase Freedom Unlimited

For a 0 dollar annual fee this credit card with an APR between 19.24% and 27.99% is available to anyone without providing SSN. The credit score needs to be good to obtain this credit card that has a reward rate of 1.5 to 5%.

This card comes with a 0% introductory APR. The card gives you an additional 1.5% cashback on everything purchased in the first year up to 20,000 dollars which translates to 300 dollars. Many people consider this card as the best credit card without SSN.

With this credit card, you get an extra 6.5% cash back on travels purchased through Chase Ultimate Rewards and 4.5% on drugstore purchases and dining at restaurants, including takeout and eligible delivery service.

9. Blue Cash Preferred Card from American Express

If you have a gold credit score then you can get this card that is free for the first year. For an APR between 18.49% and 29.49%, this card comes for 95 dollars onwards from the second year. It is the last credit card without SSN on this list.

The card has a bonus offer of 250 dollars and a reward rate of 1 to 6%. With this card, you can get 7 dollars back if you spend 12.99 dollars each month on Disney Bundle.

You can also get 3% cash back on US gas stations and transits while 6% cashback is available on select US streaming subscriptions and at US supermarkets up to 6,000 dollars after which 1% cashback is available. Let us now learn how to activate a debit card without Social Security Number.

How to Activate a Debit Card without Social Security Number?

So we have seen a list of a debit card without SSN among others, however, the real question is once we have got this card what do we do with it? How are you supposed to activate this debit card and begin using it? Obtaining cards without SSN is a challenge in itself as your options are limited and then some alternate form of identification needs to be provided to get the card but now what about activation?

Worry not, we will tell you how to activate a debit card without Social Security number. It may sound very difficult but it isn’t.

Some companies may not let you use a card unless you provide SSN while others may allow you to use the card but you will only have limited access to it. Like, say a gift card given to you by a retailer may allow you to use the gift balance on the card but won’t allow you to recharge it unless you provide an SSN.

But luckily quite a few card issuers allow you to use the card as long as you provide information like Passport number, Driver’s license number, ITIN, alien registration number, or Native country’s identification number in place of SSN.

So if you just check with the issuer before signing up for a card then you can avoid any troubles down the road. You might also be asked to provide your home address, telephone number, and date of birth for identification and security purposes.

There are credit and debit card options available that do not require a Social Security Number. These alternatives cater to individuals who may not have an SSN or prefer not to use it for various reasons, providing flexibility and accessibility.

The post Best Credit Card and Debit Card without SSN appeared first on Moneymint.

Credit cards offer a lot of eye-catching discounts, rewards, and benefits to customers. Travel facilities provided by credit card is one of the well-known offers. Among travel facilities, free airport lounge access is most important, and the number of free airport lounge access varies from card to card. Some credit cards provide a limited number of visits from 4 to 8 visits per year. A few super-premium credit cards only provide the benefit of unlimited access to the airport lounges.

There are many other features, offers, and benefits provided by the credit card. If you wish to explore the world, then you need to think once and choose the best cards among all which suits you best.

10 Best Indian Credit Card for Free Airport Lounge Access

In this article, you can find all the basic information and benefits associated with each card to choose the card that suits you the best.

1. HDFC Bank Diners Club Black Credit Card:

HDFC is most popular among all credit cards as the unlimited domestic, and international airport lounge facilities are peerless. Free access to more than 700+ lounges in India and worldwide without the need for a separate priority pass is provided by them, which makes HDFC Bank Diners Club Black Credit Card exceptionally preferable. The only limitation is that because of being a super-premium credit card, its requirement is also extravagant, and it demands a monthly salary of Rs.1.75 Lacs or an income not less than 21 Lacs per annum. Special balance is also added to the account upon spending.

• 5 rewarded point worth rupees 5 is added on spending every 150.
• The reward rate is 3.3%
• The annual fee for the first year is Rs.10,000, and for consecutive years, i.e., for the second year and onwards, it is Rs.5,000. For the first year, if you spend Rs.5 Lacs, and your renewal fee will be waived.
• The welcome gift provided by these cards is enormous and elegant. For the first year, a welcome gift equal to 10000 points is provided, and upon renewal, a welcome gift worth 5000 points is given. These points are equal to its annual fees and thus provides unlimited benefits to enjoy without bothering much about money.

There are many long term security benefits which are also covered under this card:

• Rs. 2 Crores of air accident insurance covering both domestic and international tours.
• Rs. 50 Lacs for Emergency medical expenses for both domestic and international tours.
• Rs. 9 lakh is to be provided for the credit card liability.
• Rs.55,000 Travel insurance on baggage delay is an additional benefit.

2. HDFC Infinia Credit Card:

HDFC Infinia Credit Card is another elegant and used credit card offering maximum benefits, ranging from basic lounge access to extravagant golf courses within the credit limit. They provide unlimited access to more than 1000 airport lounges across the globe, covering both domestic and international ones. Supplementary cardmembers are also provided with unlimited lounge access. The only thing they need to do to avail such lavish free facilities is to present your priority pass.

• The minimum credit limit for Infinia credit card is Rs 10 Lacs.
• To avail, the infinite credit card minimum of 45 Lacs INR is required.
• Annual fees demanded by Infinia credit card is Rs.10,000.
•  On spending 8 Lacs or more, the annual fee is waived off.

Extra benefits provided by Infinia credit card :

• 10 reward points are credited for every Rs.150 spent by you on hdfcbankinfinia.com and dining or flight booking on airvista.com. Spending Rs.150 on any other thing will give 5 reward points.
• 2%markup fee over foreign currency, 15% off across 3000+ restaurants, 1% off on fuel surcharge.
• Another important benefit is no cash withdrawal fee.
• Many insurances are also covered under Infinia credit card like accidental death insurance worth Rs. 3 Crore, medical emergency during abroad travel up to Rs. 50 Lacs, accident death and permanent disability worth Rs. 9 Lacs.
• Card liability up to Rs. 9 Lacs is also covered under Infinia credit card benefits.

For the first year, complimentary Vistara gold membership is provided, which covers many benefits like:

• 10 start point for every Rs.100 spent on all Vistara flights along with guaranteed economy class reservation, additional 10 kg baggage allowance, and priority airport service benefits.
• For further availing this gold membership, you need to contact HDFC customer care.

3. Citi Prestige Credit Card:

Citi Prestige Credit Card is most popular and preferred among frequent travelers who access lounge across the world due to gradual tours. And it is one of the best credit card for free airport lounge access in India. Both primary, as well as secondary cardholders, get unlimited priority pass access at more than 800 airports.

• Annual fee demand by them is Rs.20,000.
• Welcome gift of 10,000 bonus air miles & Taj Group or ITC vouchers of Rs.10,000 is given and is renewed every year.

It also offers many captivating benefits like:

• For every Rs.100 you spend, you will be given 2 reward points.
• Over 30% of an additional bonus point is provided for preexisting Citigold or Citigold private clients.
• 4 complimentary golf rounds with additional golf lessons along with 2 complimentary luxury airport service and meets and assist service.
• One complimentary night with benefit of stay for a minimum of 4 nights at any hotel across the globe gives the extra luxurious comfort.

 4. Yes First Exclusive Credit Card:

With this credit card, you will get unlimited free airport lounge access in all domestic and international. The main advantage which gives it an edge over other credit card is that not only the primary cardholder but the add-on cardholders will also get the benefit of the unlimited lounge access. The prerequisite condition to opt for this card is that the person must have a monthly income of 4 Lacs.

• The annual fee for this credit card is Rs.10,000.
• The welcome card offered by them is extremely profitable as the welcome gift worth more than the annual fees you need to pay. As a welcome gift card upon your first transaction within the first 3 months, you will be rewarded with an additional 50,000 reward points. Upon renewal, each time 40,000 points are credited as a gift.
• On spending INR 20 Lacs or more in one year 25,000 bonus reward point worth Rs.6250 is added to the account.

Along with these benefits, some long term benefits offered are:

• Each time on spending INR 100, 10 rewarded points are added to your account.
• On new registration through Yes pay, each time 1000 reward points are added to your account.
• Special exclusive complimentary Taj Innercircle epicure membership benefit is also provided.
• Foreign currency markup of 1.75% is availed under the benefit Yes Preferred Exclusive Credit Card.
• There are many captivating offers covering lifestyle benefits like 25% off on movie tickets up to Rs. 250 per month, if booked through the BookMyShow app. Additionally, a golf lesson is also given each month.
• You are also given the extra benefit of a 1% discount on fuel surcharge.
• Life insurance and medical insurance are also covered under the Yes Exclusive Credit Card. For death due to flight accident INR, 3 Crore is given as a penalty, and for traveling outside the country, medical insurance worth INR 50 Lacs is given.

5. Yes First Preferred Credit Card:

The bank understands every aspect and needs of people. Apart from Yes Bank Preferred Exclusive Credit Card, it also provides Yes Bank Preferred Credit Card, which suits those best who are not a frequent traveler. It offers access to 3 airport lounge across India in every four months. With priority pass membership, an additional benefit of 4 complimentary airport lounge visits is also provided. If you wish to extend the number of visitors, you will have to pay an additional $27 for every visit.

• The annual fee for this credit card is Rs.25,000, which makes it more popular among folks.
• The main requirement is that you need to have a monthly income of Rs.2 Lacs, and the alternate option is that you can make a fixed deposit of Rs.3 lacs to get this card.
• As a welcome gift, 15000 points are added to the account, and 20000 milestone points are credited upon spending Rs.7.5 Lacs or more. Additionally, 1000 points are credited upon Yes Pay Now registration. The rewarded points can be used for easy flight and hotel booking.
• Welcome gift of 15000 points is credited in the first, and for the following consecutive years, 10000 points are credited to the account.

Along with these benefits, some additional key benefits are also covered under this card:

• On every spends, 4 rewarded points are added to the account; additionally, 8 rewarded points are credited on spending on either travel agency or tour operator and dining.
• Foreign currency markup for Yes Bank Preferred Credit Card is 1.75%.
• For any flight accident, a life insurance cover of Rs.1 crore is provided to both domestic and international visitors.
• For people traveling overseas medical insurance worth Rs. 25 lacs is provided.

6. HDFC Regalia Credit Card:

If you are not a very frequent traveler and don’t want all these unlimited facilities to go in vain, then you can opt for HDFC Regalia Credit Card. Under this card, you will get the opportunity to acquire 12 domestic airport lounge. Under complimentary priority pass membership, you get 6 complimentary visits to more than 1000+ airport lounges around the world. If you want to expand the visit further, then $27 will be charged for each visit.

• Its annual fees are only Rs.2500, which makes it easily accessible for everyone and is extremely appreciated among middle-class people.
• As a welcome gift, 2500 reward points are added to the account every year whose value is equal to Rs.1250. This benefit is not only for the first year, but upon renewal every year, 2500 reward points are added as additional benefits.
• It also relies on the policy of spending more, gets more. On spending Rs.5,00,000 annually, 10,000 reward points are provided, and on spending Rs.8,00,000 or more annually, 15,000 reward points are provided.
  

Some major key benefits are also covered under the HDFC Regalia Credit Card

• On every Rs.150 you spend, 4 additional reward points will be given, and each point is worth 50 paise.
• 2% foreign currency markup, which is higher than another credit card, it also gives it an edge over others.
• Some instant regular daily life benefits it covers is, it gives a 15% discount on dining at premium restaurants.
• Medical emergency protection act covering all health issues with a value up to Rs. 15 Lacs is covered under this credit card.
• Air accident for both domestic and international visitors with a value up to Rs.1 Crore is covered.
• Credit liability with a value up to Rs.9 Lacs is covered under the benefit of this credit card.
• Along with them, special travel insurance up to Rs.55,000 on baggage delay is also covered under the benefit of these credit cards.

7. ICICI Jet Privilege Sapphiro Credit Card:

ICICI Jet Privilege Sapphiro Credit Card gives complimentary access to 8 domestic and 2 international lounges every year. The domestic visit is limited to a maximum of 2 visits per 4 months. Special 2 spa sessions at the domestic airport lounge are availed through complimentary Dragon pass membership every year.

If you are a regular jet traveler, then this card will be the best for you. Under the benefit covered by this credit card, you will get an extra 5% discount on the original fare for all domestic and international air ticket booking. It covers both domestic and international air ticket booking through jetairways.com.

• To enjoy the benefit of the card, you need to pay Rs.5000 as an annual fee.
• On spending Rs. 100 on jet airways, you will get 10 JPMiles as an additional benefit.
• As a welcome gift for the first year, an air ticket voucher along with 12,500 bonus JPMiles is offered, and upon renewal, after the first year, an air ticket voucher along with 5000 bonus JPMiles is offered.

Other special benefits mainly for jet airways travelers provided are:

• On every domestic and international spend, 5 and 7 JPMiles are offered respectively.
• On opting and insurance and any utilities, 1 JPMiles is offered.
• Baggage extension benefit of extra allowance of 10 kgs for premier and 5 kgs for economy class.
• 4 complimentary golf lessons every month are provided as a benefit along with Rs.500 off on the second movie ticket twice every month through the BookMyShow app.

8. ICICI Sapphiro Credit Card:

ICICI Sapphiro Credit Card covers American Express card and Sapphiro Mastercard under itself. Under the ICICI Sapphiro Credit Card, you get access to 16 domestic and 2 international airport lounges.

• Annual fees required to avail the benefits of ICICI Sapphiro Credit Card is Rs.6500 for the first year, and for renewal, you need to pay Rs.3500.
• If you spend more than INR 6 Lacs, you didn’t require to pay the renewal amount.
• As welcome gift voucher worth Rs.10,000 is given provided.
• On spending Rs. 4 Lacs payback point equal to 4,000, and after that on spending, INR 1 Lacs or more 2000 playback points are added.
  

9. SBI Elite Credit Card:

With the SBI Elite Credit Card, you get 2 complimentary access to 8 domestic and 6 international airport lounge each quarter.

• The annual fee you need to pay is Rs.4999.
• You will be provided with a welcome gift worth Rs.4999.
• On spending more than INR 8 Lacs, you will get 50,000 bonus reward points.
• Other benefits are that for every INR 200 paid international, departmental store and grocery, you will be awarded 10 points and for other spend you will be awarded 2 points.
• 1% fuel surcharge discount and 1.99% foreign currency discount are covered.
  

10. Kotak Royale Signature Credit Card:

If you need to travel only across India and thus want to save your annual fee, then it is the preferable one. It provides access to 8 domestic air lounge.

• You just need to spend Rs.999 as annual fees, and upon spending Rs.1 Lakh, you don’t require to pay the annual fees.
• As a welcome gift, 2 BookMyShow vouchers are provided.
• On spending INR 4 lacs or more 10,000 bonus points are added, and upon spending INR 8 Lacs, 30,000 points are added.
• 1% fuel surcharge discount and 2.5 Lacs credit card stolen benefits are covered under this card.

This article will give you a basic idea about all the credit cards and their prevailing benefits to help you decide the best and most suitable credit card for free airport lounge access for you.

The post 10 Best Indian Credit Card for Free Airport Lounge Access appeared first on Moneymint.

Due to technological advancements in the financial sector, people prefer to pay the bill online. Other than the ease in paying the bills, there are several benefits altogether by paying the bills online, on time, low-interest rates, improved CIBIL score. This will also help in building a strong profile that can be responsible for better credit access in the future.

Citibank gives several options which can help to pay the bill online so that the borrower does not miss to make the payment on the due date.

Citibank credit card bill payment-ONLINE

• Standing instruction: The borrower can log in to Citibank’s website by using the banking portal’s ID and password. He can choose the standing instruction for paying the bill without knowing the due date. It so happens that people forget to pay the bill on or before the due date; thus, by giving standing instruction to the bank, the borrower is free from the burden of paying the bill on time because the bank does that for him.
• CITI MOBILE: The borrower has to visit the m.citibank.co.in site for further information. Download the app and log in to the account using the username and the password. The application is available for Android users as well as iOS users.

How to use the CitiBank Application:

1.Download the application in your phone, Android users download the Android version from the Google play store and iOS users download the iOS version from the App store.

2.Register using the user ID and the password.

3.Click on payment and transfer.

4.Choose the credit card option.

5.The application will show the latest bills, the current bill payment, due date, and the time left to pay the bill and the minimum balance to be paid.

6.Click on the “pay now option.”

7.There are three options to pay; total amount due, minimum amount due, another amount.

8.Enter the account number; the borrower has to make payment in and click the submit button.

E-pay: Log in to the Citibank website, click on the tab saying pay the credit card bill. Log in using the ID, and the password created. Confirm the payment by entering the one-time password. This will confirm the payment and end the payment process.

7 Ways To Pay Citibank Credit Card Bill Online

1.NEFT

To use the NEFT facility, the borrower has to add his name as the payee. The following steps will help to fix the payment:

• STEP 1: Log in to the other bank account.
• STEP 2: Click on the tab “NEFT FUND TRANSFER”.
• STEP 3: Add the Citibank card as the payee using the tab “add beneficiaries of other bank accounts.”
• STEP 4: Details like:
  • Payee name, the way it is mentioned on the card.
  • Payee account number: the credit card number written on the card.
  • Bank name: The cardholder’s bank’s name.
  • Payment account type: Savings or Current.
  • IFSC code: the code is the branch code.
  • Branch address: including the district, city, state.
• STEP 5: Once the payee is added, proceed for the payment

2.RTGS

For paying the bill online using RTGS (real-time gross settlement) facility, the following information must be provided:

• The amount of the transaction.
• The account number from where the payment will be made.
• Beneficiary customer and bank.
• Beneficiary account number.
• The IFSC code of the receiving bank.

3.E-pay

E-pay can be used in two ways, either by the Citibank account or the other bank account.

Via Citibank: Steps are as follows:

1. Go to the Citibank payment portal.
2. Log in to the website using the log id and the password.
3. Click on the E-pay tab on the website.
4. Add the credit card number and the amount of the transaction.
5. Select the bank account that has to be debited, i.e., from where the payment has to be made.
6. Log in to the bank account.
7. Authenticate the details entered by the borrower.
8. Confirm the payment.

There is a time limit of 2 days for the amount to be credited in the account

Via another bank:

1. Go to the bank’s website.
2. Add the Citibank details as the payee.
3. Follow the instructions specifies to make the payment online through the portal.

4.ACH/ECS

ACH is an automated clearing house facility. Steps are as follows:

• Go to Citibank’s website.
• Download the automated clearing house facility mandate form.
• Enter the required details.
• Take the print of the form and submit it to the bank. An attested copy has to be submitted to the bank. This authenticates the details entered by the borrower a gives permission from the bank to authorize the fund transfers.

5.Visa Money Transfer (VMT)

Visa money transfer is used when the borrower wants to clear his Citibank bill amount using another bank account details. This facility is exclusively for Visa credit cards. This process requires processing time and different banks have different processing time but usually takes two to four working days for the amount to be reflected in the Citibank account

6.Card payment from another bank’s website

Log in to another bank’s website. Add the Citibank card as the beneficiary and pay the bill by following the instructions.

Another bank’s website: steps are as follows:

• Step 1: log in to the bank’s website.
• Step 2: click on the option payment and transfer.
• Step 3: Select the option of credit card payment.
• Step 4: pay the amount outstanding for the Citibank credit card.

Citibank credit card has been added as the utility biller for several banks like HDFC Bank, ING Vysya Bank, State bank of India, IndusInd bank, Yes bank, etc.

7.Citibank ATM

Visit the nearest ATM and enter the credit card number and the due amount. The following steps need to be followed:

• Step 1: Visit the nearest ATM.
• Step 2: Insert the debit card in the machine and select the service tab to find the option bill payment.
• Step 3: enter the Citibank credit card number and the amount to be paid.

CREDIT CARD STATEMENT

Citibank customers can view their credit card bill by log in to the website using the user id and the password. Net banking is available 24/7 with the customers and can access it anytime. Statements from the bank can also reach the customers if they are registered and have requested the same from the bank.

FREQUENTLY ASKED QUESTIONS

1.If the bill is paid through NEFT facility, then what are the various charges levied on the Citibank credit card?

No extra charges are levied by the banks or the financial institutions if the payment is made through NEFT or RTGS.

2.Is it compulsory to have an account in Citibank to make the credit card bill payment?

Cardholders who don’t have an account in the Citibank can still pay the bill using several other modes of payments like bill desk, NEFT, etc.

3.The payment is made on the due date, and the amount is not credited in the respective bank account. Does the borrower need to pay the late fee charges?

Banks give a grace period to pay the bill, and usually, it is 2 to 3 days. Thus, if the amount gets credited within the grace period, then the banks won’t charge any late fee.

4.How can the borrower set standing instructions on the Citibank credit card?

Standing Instruction: The borrower can log in to the Citibank website by using the banking portal’s ID and password. He can choose the standing instruction for paying the bill without knowing the due date. It so happens that people forget to pay the bill on or before the due date; thus, by giving standing instruction to the bank, the borrower is free from the burden of paying the bill on time because the bank does that for him.

5.What is the Citibank credit card IFSC code?

If the payment is made online, then the portal demands an IFSC code, which is the branch code of the bank.

6.How do I know if the bank is listed for the E-pay services?

The customers will have to visit the company’s website and look for the banks that can access the E-payment services. 48 banks are eligible for the same in India.

7.Is there any cost for E-payment services?

No! there is no cost for the E-payment services

8.What is the transaction limit for RTGS?

The real-time gross settlement is used for high-value transactions. There is no upper limit for the transaction, but the minimum amount that can be transferred is INR 2 lakhs.

9.Are there any charges for the RTGS transactions?

For the transactions between INR 2 lakhs to INR 5 lakhs, INR 30 is charged by the banks. If the transaction exceeds INR 5 lakhs, then the banks will charge INR 55 for each transaction. No charges for the inward transactions.

I hope by using any one method you will be able to pay Citibank credit card bill online. But if you still have any queries regarding how to make Citi bank credit card bill payment then just ask them in the comment section.

The post 7 Ways To Pay Citibank Credit Card Bill Online appeared first on Moneymint.