What Is A Credit Card?
A credit card is a piece of plastic in which a magnetic chip comes with your Account Information. These cards are provided by your banking or financial organization depending upon your pre-approved limit for your purchase.
These cards are issued only after the verification of your past credit score details and on your financial transactions. Credit card with best reward program makes and feels happy to customers.
Reward programs and policies help to utilise their reward points for buying a product of their choice.
Difference Between A Credit Card And Debit Card:
Credit cards are those cards in which credit limit has provided by the financial institutions and you have to pay back the spend amount within the given time.
Debit cards are those cards through which you can withdraw your money anytime from your bank accounts which you have deposited into your bank account.
A debit card is linked with our banking accounts and when you used it for withdrawing cash or swipe it for purchasing a product at the same time amount is debited from your connected bank account.
Whereas, when you used to pay online bills or at the time of making online payment that amount is deducted from your credit account and that amount you have to pay later within the given timeline.
What Do You Need To Apply For A Credit Card?
Apply for a credit card is not a difficult task if you have enough necessary documents. Applying for a credit card needs your PAN card, ID proof, address proof, bank statement and cheque.
Everyone can select a credit card depending upon their monthly expenses and usage. Every credit card has its features and benefits. You can get various offers on your credit cards.
Below are some of the best credit card with best reward programs:
1. HDFC Bank Credit Card:
HDFC is one of the most trusted and popular banks for its products and services. The customers can take an advantage of different offers from HDFC bank.
Key Factors For Eligibility Of HDFC Credit Card With Best Reward Programs:
1. The customers in the age group of 21 to 65 can apply for an HDFC credit card.
2. The customer should be a salaried person having an income of more than 18,000/-
3. A customer can avail of the offer of interest-free transactions for up to 50 days.
4. If a customer withdraws an amount by using his credit card then he/she has to pay an extra 2.5% charge for every 300 Rs.
5. Customers can apply for a credit card online as well as offline.
HDFC bank offers a credit card with the best reward program for their customers in the form of a money-back program. HDFC bank offers you 2X Reward points for online transactions.
Every reward point equals Rs.0.30 and by using the reward points you can buy online vouchers of Rs 500 or 1000. HDFC bank offers a credit card with the best reward program by providing various cashback in electronics stores on various brands to their customers.
You can take reward point benefits by using your credit card at Petrol pumps as a surcharge waiver. Reward points can be redeemed on dining and shopping.
2. ICICI Bank Credit Card With Best Reward Programs:
ICICI Bank is also a trusted bank of Indians. ICICI Bank offers a credit card with lots of benefits to the customers including credit card with best reward programs.
It also provides a credit card with the best reward programs and you can earn these reward points through different ways by making payments on movies, international travelling, Railways, high-value shopping etc.
You can easily redeem your ICICI banks reward points by using NetBanking. After login, you can click on the Credit card page for checking the reward points.
ICICI Bank not only offers you a huge discount but also provides a cashback on your shopping. ICICI credit card with the best reward points offers you a chance to earn your Reward points and it is a win-win situation for banks and customers.
ICICI bank offers Handpicked Rewards and Pay Back Rewards for credit card users so this is one of the regular used credit card with best reward programs.
1. Hand-picked Rewards:
These reward points are based on your purchases of groceries, electronic products, gold, travelling etc. You can collect these points on all your purchases so the huge purchase value will generate maximum reward points.
2. Pay Back Rewards:
Pay Back Rewards are those reward points in which ICICI bank make partnership with many other brands and businesses.
The credit card with best reward programs are mostly observed at electronic retail stores like TATA CROMA and Reliance Digital. These retailer offers a cashback on purchasing a product.