Due to COVID-19, personal finances have gone for a toss, and individuals reel from the blow every day. It is hence apt that at these times, you need a card that makes life easier. Say hello to pre-approved credit card offers in India!
The trick is to look at cards that do not demand heavy terms on your already suffering wallet. Speak to banks for cards that can help you create a healthy credit score in the long term. This will help you secure a good card and build your credibility in the financial markets for future borrowings.
If you are one of those whose credit meter shows in the red on the report or you have not had the chance to use credit cards in the past, fret not. Let us look at some of India’s best credit cards that can solve your dilemma with ease.
SBI Advantage Plus Card
Start your borrowing journey with the country’s trusted bank, backed by the Government of India. This card will help you learn the ropes of how to use credit cards better than private players in the market.
Features
The highlight of this card is that it helps you open a Fixed Deposit with the bank, which would not have been easy with a poor credit rating normally. Not only that, you can now build a credit history to your profile. Therefore, get hassle-free loan approvals from the bank.
Fees & Interest Charges
- Annual fee, one-time: Rs. 500.
- Renewal fee, per year: Rs. 500.
- Add-on fee, per annum: Nil.
- Interest-free credit timeline: 20-50 days.
- Finance charges: Up to 2.25% per month or 27% each year.
- Minimum amount due: 5% of Total Outstanding.
- Cash advance limit: Up to 80%, up to INR 15,000 every day.
- Free credit period: 0.
- SBI or other ATMs: 2.5%, minimum INR 300.
- International ATM: 3%, at least INR 300.
- Cheque pick-up: Rs. 90.
- Cheque Fee: Rs. 100.
- Payment Dishonour fee: 2%, at least INR 350.
- Statement retrieval: Rs. 100 per request.
- Charge slip retrieval: Rs. 225 per charge slip.
- Late Payment – Nil for up to Rs. 200.
- Card replacement: Rs. 100.
- Emergency card Replacement, a minimum charge of $175.
- Foreign currency transaction: Conversion mark up: 3.5%.
- Cash Payment fees: Rs. 100.
Eligibility
This card is available to resident Indians who are 18 years old and above. Ensure you have your Aadhar card on you and the current address proof that it should be at least 2 years old. If not, bring a letter explaining the reasons, and you should be fine.
How To Apply To The SBI Advantage Plus Card?
Applying to this card is very simple—just fill-up the SBI Advantage Plus Credit Card application form along with the SBI Fixed Deposit form. Next, agree and sign the lien approval request and the auto-debit clause (as per the bank directed form).
Add the self-certified KYC papers as per Reserve Bank guidelines. Go to the desired branch and submit the form so filled. Soon the SBI Advantage Plus Card will be in your hands!
Bank Address And Contact
To find out more about the SBI Advantage Plus Card, it is advisable to directly contact the bank. SBI Bank can be contacted using the following details.
Address: SBI Cards and Payment Services Limited, Unit 401 & 402, 04th Floor, Aggarwal Millennium Tower, E-1,2,3 Netaji Subhash Place, Wazirpur, New Delhi 110034.
For support, please call the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.
ICICI Bank Coral Credit Cards
This bank needs no introduction to the Indian market. What better way to begin your credit customer lifecycle than acquiring a card motivate by the great qualities that allow the most enthralling lifestyle benefits.
You can choose from three variants of this card – Coral American Express, Coral Master/Visa, Coral Contactless Card.
Features
If you choose the Coral American Express, you can get a maximum of 10,000 more reward points per anniversary year and double the digital purchase points.
As for the Coral Contactless Credit Card, enjoy free domestic airport lounge access every three months. If you are a movie buff, get the Coral Mastercard/Visa and enjoy a maximum INR 200 discount per month on cinema spends.
Fees & Interest Charges
- 25% discount up to INR 100 on spends on cinema up to 2x each month.
- Minimum 15% savings at participating restaurants.
- Interest-free credit timeline: 20-50 days.
- Reduce fuel bills with 2.5% cashback and 1% fuel surcharge waiver.
- Earn 2 ICICI Bank Reward Points, powered by PAYBACK on every ₹100 spent on retail purchases except fuel.
- Bonus reward points on online spending.
- Joining & Annual Fee: INR 500 + GST for Contactless and American Coral Card & INR 199 + GST for the Coral Mastercard/Visa Card.
Eligibility
The coral cards are being offered to any, and every citizen who has either some relationship with ICICI bank or is willing to start one by way of investment with their branch choice.
Investments can be FDs, or a higher balance maintained each month. This card is only eligible to patrons above 18 and residents of India.
How To Apply To The ICICI Bank Coral Cards?
Applying for the ICICI card is no hardball. Just visit this page and fill-up the form. It will run past their internal eligibility threshold and return a set of cards.
Once you see your coral card choice, use that to fill up the rest of the information like personal details, income, employment, etc. Lastly, apply and await an email confirmation!
Bank Address And Contact
To find out more about the ICICI Bank Coral Credit Cards, it is advisable to directly contact the bank. ICICI Bank can be contacted using the following details.
Address: 4 Laxmi Towers Kurla Complex, B Wing, G Block Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051.
For support, please call ICICI Bank Personal Banking helpline at 1860 120 7777.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.
Axis Bank Insta Easy Credit Card
What better way to start on a clean slate than with one of the country’s premier banks? Axis Bank has many card products for you to choose from; take advantage of them today!
Features
The best thing about this card is that it lets you utilize 100% of the credit card limit right from the time you get access to it! If you want a Flexi-credit limit, it will be tied to up to 80% of your FD amount.
Besides, you get a total of 50 free credit days if there is no outstanding already.
Fees & Interest Charges
- Standard Joining/Annual Fee: Nil.
- Standard Add-on Card Joining/Annual Fee: Nil.
- Finance Charges: (34.49% per annum).
- Cash Withdrawal Fees: 2.5% (minimum Rs. 500).
- Fee for Cash Payment: Rs. 100.
- Card Replacement: Rs. 100.
- Duplicate Statement Fee: Waived.
- Over Limit Penalty: 3% (Min. Rs 500).
- Charge-slip Retrieval Fee or Copy Request Fee: Waived.
- Outstation Cheque Fee: Waived.
- Cheque returns or dishonor Fee or Auto debit Reversal Bank A/c out of Funds: Rs. 300.
- Surcharge on purchase or cancellation of Railway Tickets, As prescribed by IRCTC/Indian Railways.
- Fuel Transaction Surcharge: 1% of transaction amount (Refunded for fuel transactions between Rs. 400 and Rs. 4000).
- Foreign Currency Transaction Fee: 3.50% of the transaction value.
- Mobile Alerts for Transactions: Waived.
- Hot listing Charges: Nil.
- Balance Enquiry Charges: Waived.
Eligibility
Have a fixed deposit at any Axis Bank branch or maintain a minimum fixed deposit of Rs. 20,000; maximum of Rs. 25,00,000. If you are a minor, this card isn’t for you.
In addition, this credit card cannot be issued against; a tax saver FD or Flexi/fixed deposits in the name of HUF/society/trust/companies.
How To Apply For An Axis Bank Insta Easy Credit Card?
To apply to this card by answering a few simple questions. The link will ask you if you are an existing customer of the bank or not. If you are, click on yes, and fill up the three-step process.
You will need your customer ID, /Mobile number, and date of birth to start with. The system will run the internal eligibility and make an offer on the next step.
The third step is the application form itself with all basic details like personal data, employment, and financials. This sums up the process of card application for you!
Bank Address And Contact
To find out more about the Axis Bank Insta Easy Credit Card, it is advisable to directly contact the bank. Axis Bank can be contacted using the following details.
Address: Axis Bank Limited Corporate Center, Worli, Mumbai, Maharashtra 400025.
For support, please call Axis Bank customer care helpline at +91 22 67987700 (from both inside and out of the country).
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.
Conclusion
This is the right time to create new financial credibility or repair the damage done already. The banks are more flexible, and they have tons of products to set you up without charging you a hefty fee.
Start now with any of the above products but keep in mind that sensible spending should supersede all other financial goals!
