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Availing credit cards in Agartala comes with major benefits. Get reward points and redeem them for merchandise. Credit card bills can be paid via online banking. Boost your credit score by having a good credit history. Check out the best credit card deals online!
Do you live in Agartala? Are you looking for a credit card in Agartala and wondering what your options are? Read on!
What is a credit card?
A credit card can be defined as “plastic” credit money, i.e., it comes with an approved credit limit that allows the card holder to make purchases for which you can pay back later, along with interest charges as incurred. It comes in handy for making various transactions, as opposed to carrying bulky wads of money. As long as you pay back the money you borrowed within the “grace period” or the interest-free period, which generally is of 25-55 days, you don’t have to pay extra in the form of hefty interest charges.
Based on your actual requirement, repayment capacity, and existing loan obligations, lenders can approve a credit card in Agartala for you.
Key features of a Credit Card:
Credit cards come with its share of eligibility requirements – not everybody can apply for one. You must meet certain requirements in order to qualify for a credit card.
Your annual income is perhaps the most important factor considered by credit card companies when you apply for any kind of credit card. Lenders look at your salary because it helps them to evaluate your repayment capacity.
For example, ICICI Bank’s Titanium Credit Card require you to earn a minimum of Rs. 4,80,000 per annum. HDFC’s Gold Credit Card requires you to earn Rs. 2,00,000 annually. For other credit cards, it can go up to as high as Rs 12,00,000 per annum (like the ICICI Bank Signature Credit Card). Some super premium credit cards are only offered by invitation only, or to those who fall into the high-income bracket, like in the case of Royale Signature Card of Kotak Bank.
Your credit history is also taken into account. When you apply for a credit card, lenders check your credit score. If you have a low credit score, you are likely to get rejected. Hence, it is always advisable to improve your credit score to the desirable number (usually 750 or above) before applying for any line of credit.
You must also conform to the age requirements. The minimum age requirement varies with different credit card issuers. Generally, the minimum age is 21 years. However, if you are able to demonstrate a stable source of income, then you can even get a credit card when you are under 21 and above 18 years of age.
Different credit cards have different eligibility requirements. Compare different eligibility requirements before applying for credit.
A credit card which is used for a business rather than for an individual's personal use, is a business credit card. Business credit cards are available to businesses of all sizes, including sole proprietorships. They don’t affect an individual's credit scores, or show up on an individual’s credit report.
A business credit card comes with a higher credit limit, unlike personal credit cards. Having a business credit card means you will be able to handle all your business transactions with ease without maxing out. Business credit card issuers offer a spend management tool with can come handy in analyzing the organization’s spending pattern. This helps control expenses better, rather than resorting to budget cuts. Your business would benefit through the customized data analysis, e statements and detailed insights of all transactions made on the card.
Having a corporate credit card exclusively for your business also helps to build your company’s credit history. Several investors consider the business’s credit history before investing, as it gives them an idea of the way you manage your expenses. If you approach a bank for a business loan, having a healthy business credit history will help you get the loan quickly.
How to find the Best Credit Card in Agartala?
Before applying for the credit card that suits your needs, be sure to do a thorough research online. Do a credit card comparison for the best credit card offers. There are various websites that would allow you to check and compare various credit card offers from banks and credit card issuers. To find the best credit card services and best credit card deals, the internet will come to your rescue.
Documentation is generally minimal. Following is an overview:
There are several benefits of availing a credit card. Having a credit card means that you do not need to have wads of cash with you at all times to make purchases. It is a convenient method of payment as opposed to cash, especially in high-level transactions, where you can just swipe your card and get the purchase done. You can also take advantage of rewards program that comes with a credit card. You can redeem the points accrued for various attractive merchandise, gift cards and vouchers.
Using a credit card to make your purchases allows you to build a positive credit history (provided you pay your dues consistently, every month) which will enable you to be eligible for larger loans (say, for example, a home loan) at a later point in life.
In case of an emergency, where are in urgent need of cash, you can take cash on credit card in Agartala. However, keep in mind that the interest rate for cash advances are very high.
Can I apply for Credit Card online?
Absolutely. Several lenders have the facility to apply online.
What are the bill paying options available?
Generally, following are the options
Can I avail the EMI Facility with a credit card?
Most Credit Card issuers offer you attractive repayment terms at affordable interest rates and flexible tenure. You can convert your purchases over Rs. 5,000 to easy EMIs. Generally, once a transaction is converted into EMIs the same cannot be reversed or cancelled. You have the option to only pre-close an EMI, although pre-closure charges are applicable.
How to apply for credit card loan in Agartala?
You can check your eligibility and apply for a loan against your credit card limit by logging in to your net banking account.
You can check your eligibility and apply for a credit card by signing up with CreditMantri. It is quick, simple and above all, free.
CreditMantri matches your credit and demographic profile to the lender's lending criteria and presents you a shortlist of only those lenders willing to lend to you based on your unique credit profile. In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. Hence, the chances of your credit card application getting approved is higher.
Click here to sign up and apply for loans and credit cards , the CreditMantri way!
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.