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Being the country’s financial capital, credit cards in Mumbai are exclusively designed to meet the needs of varies customers. Get huge rewards, cashback, offers and discounts on various transactions using credit cards in Mumbai.
2 Free movie tickets every month
1000 bonus Reward Points every month on 5 transactions of Rs. 1000 or more
Mumbai—the city of dreams. There have been many famous instances of people come to Mumbai in hopes of a better life. Mumbai is the nation’s financial, commercial, and entertainment capital of India. Mumbai is one of the top ten cities of commerce globally in terms of financial flow. Not surprisingly, Mumbai is home to leading banks, educational institutions and companies of international repute. In case you are looking to apply for a credit card in Mumbai: the city of dreams, you have reached the right place! Read on!
Using your credit card for making purchases has almost become today’s norm While it is good to own a credit card, you must be careful with your credit card expenses.
Credit cards being so much in demand, banks offer enticing discounts and rebates on them. One must choose their credit card wisely and carefully look at the advantages and the disadvantages.
So, what is a credit card? A credit card is usually a plastic card issued by a financial company like a bank that gives the card-holder an option to make purchases and pay back later, along with interest charges as accrued. It has a pre-approved limit based on your salary and credit rating and can come in handy for making various transactions, as opposed to carrying money. If you pay back the borrowed money within the grace period, which is ideally the interest-free period, and you won’t attract any hefty interest charges.
There are different types of credit cards – lifestyle credit cards, rewards credit cards, cashback credit cards, fuel credit cards, shopping credit cards, business credit cards etc. Based on your need, repayment capacity, and existing loan obligations, lenders can approve a credit card in Mumbai for you.
Key features of a Credit Card:
Build a credit history – 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) in the future.
Convenience – Credit Cards are very convenient in the sense that you don’t need to carry cash with you, especially in high level transactions. You just need to pull out your card, swipe it and the transaction is done.
Online Purchase – Credit Cards are a convenient method to buy things online. It is safe and secure.
Gives Rewards / Cash Back – Credit Cards give rewards for high usage such as airmiles, movie tickets, cashback and other merchandise. You generally get some points for the transactions done using a credit card. These points are accumulated and in the end, you can redeem these points for merchandise / vouchers of your choice.
Access cash in times of Emergency – In case of an emergency, when you are in urgent need of cash, you can take cash on credit card in Mumbai. However, keep in mind that the interest rate for cash advances are very high.
Transactions made easier globally – Credit Cards can be used in foreign countries without the need to convert your money into foreign currency. Though this is not devoid of some cost, it is more convenient.
Different credit cards have different eligibility requirements. The user is advised to compare different eligibility requirements before applying for credit.
Not every individual is eligible credit cards. You need to be a salaried or self-employed professional, and be able to demonstrate a stable income. You also need to fulfil the age requirements.
You can easily check your eligibility online on the lender’s website. Most lenders have an eligibility calculator online. If you are found eligible, then you will be given a list of cards to choose from.
Documentation is generally minimal. Following is an overview:
Before selecting a credit card, it is advised that you do a credit card comparison and select the ones which fulfill all your requirements, this is one way of ensuring you get the best credit card offers in Mumbai .
To find the best credit card services and best credit card deals , register now on CreditMantri.
Can I apply for Credit Card online?
Absolutely. Several lenders have the facility to apply online.
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.
How to apply for credit card loan in Mumbai?
You can check your eligibility and apply for a loan against your credit card limit by logging in to your net banking account.
I got my credit card bill. What are the bill paying options available?
You can choose from the following options to make your bill payment:
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.