More than 30 companies in India provide various credit cards targeting the numerous sections of customers. There are specific cards for people who travel via air frequently, spend high on fuel, visit movie theatre often, have high retail spends, etc.
These customised credit cards provide discounts and cashback on these expenses. You can earn reward points on your transactions. These rewards are redeemable in several ways. Another superb benefit of credit cards is that they help you increase your CIBIL score. A high credit score can help you avail unsecured loans and even credit cards without any hassle.
Now, the confusion arises when you set out to find the best credit card in India for regular expenses. The abundant options available can make it troublesome to pick the right one.
Well, one of the credit cards you can go for is Bajaj Finserv RBL Bank SuperCard. Following are some of the features that this credit card provides.
1. Industry-first features
Two of the industry-first features of this SuperCard are:
I. Emergency personal loan at 0% interest rate
You can convert your unutilised credit card limit into an emergency personal loan. This comes with 0% rate of interest for up to 90 days. Repay the loan in three easy EMIs.
II. Interest-free ATM cash withdrawal
Cardholders usually have to pay high interests when they withdraw cash from ATM with their credit cards. However, the SuperCard is the best credit card in India as it enables you to withdraw cash from ATMs across India. Repaying the amount within 50 days will attract no interest.
2. Reward points
You can earn reward points in the following ways:
I. Welcome bonus
The World Plus SuperCard is one of the types of credit cards by Bajaj Finserv and RBL Bank that offer up to 20,000 reward points as a welcome bonus.
II. Regular spends
These credit cards provide up to 2 reward points for every regular spend of Rs. 100.
III. Milestone bonus
Spending a particular amount in a year enables you to earn high reward points. For example, you will earn 20,000 points if you spend Rs. 3 Lakh in a year. Also, you will receive another 20,000 points for making transactions worth Rs. 5 Lakh per year.
IV. Access to airport lounges
Airport lounges can give you the following:
- Exotic delicacies
- Premium soft and hard drinks
- Fitness centres
- Indoor games
- Conference rooms
The SuperCard is considered the best credit card in India as it offers up to 8 complimentary accesses to airport lounges.
3. Security features
The credit card comes with security features like ‘Zero-fraud liability cover’ and ‘In-hand security’. These help you stay secure from online threats and frauds.
4. Fuel surcharge waiver
The Bajaj Finserv RBL Bank SuperCard gives you fuel surcharge waiver of up to Rs. 200 per month.
5. Offers on movie tickets
You either get a movie ticket free with the one you purchase (valid once a month) or receive 10% discounts (valid for 15 transactions in a year) on them.
6. EMI financing
Another benefit that you get with these types of credit cards is the ability to convert your purchases into EMIs. Buy any expensive product and pay for it with convenient monthly instalments.
7. Pre-approved offers
Bajaj Finserv brings pre-approved offers that save you time when getting these credit cards by making the procedure straightforward. Pre-approved are also available with credit cards, and several other financial products and services. Provide only your name and phone number to check your pre-approved offer.
Take a look at how you can use your Bajaj Finserv RBL Bank SuperCard:
A. Pay the debt in due time
Make sure to pay your credit card bill within the due time every month. Doing so will help you avoid a high rate of interest. Also, paying the debt in time improves your credit score.
B. Pay the total amount due
Credit card companies give you two payment options in the monthly statement – total amount or minimum amount due.
The total amount is a summation of all the expenses that you have made with the card. It also includes tax and cess.
The minimum amount due is a specific percentage of the full amount. It may sometimes include interest.
You can pay the minimum amount if you find it hard to pay the total. However, doing so lowers your credit score. Also, the majority of the full amount gets carried forward to your next month’s bill.
C. Keep the credit utilisation below 50%
Keeping your expenses with your card below 50% of its credit limit increases your CIBIL score.
Therefore, the Bajaj Finserv RBL Bank SuperCard is the best credit card in India when it comes to paying regular expenses. Apply for it online by providing a few of your essential details and documents.
Gaurav khanna is an experienced financial advisor, digital marketer and writer who is well known for his ability to predict market trends. You can find Gaurav on Linkedin.