A debit card draws money from your account immediately when you make a purchase. Whereas a credit card enables you to borrow the money required against credit and you will have to pay the bank when you receive your credit card bill.

If you already have a credit history, you can check your eligibility, choose a card that suits your lifestyle needs and apply for it on Bankbazaar. If you do not have a credit history, you can opt for a secure credit card usually offered against fixed deposits.

A credit score above 650 is ideal to be able to get a credit card

 You can compare the features, benefits, fees, interest rates etc. and then choose a card that best suits your needs. You will also benefit from exclusive offers available only on Bankbazaar. Alternately, you can directly visit the bank’s website to apply for a card.

The minimum salary requirement to be able to have a credit card is different for every bank. The figure varies for salaried and self-employed individuals.

Yes, most credit cards come with a reward point system, where you earn a point every time you spend a said amount of money. You can then redeem these points.

A credit score between 300 and 650 is considered a bad credit score by most banks. In most cases, banks will not consider this score to be ideal to offer you a credit card. However, if you have a credit score between 550 and 650, it might be considered poor credit. In these situations, if banks deem you as a responsible borrower, you might be qualified for an unsecured credit card.

Even if you do not have a job and have a pretty substantial inflow into your account every month or so, you are eligible for a credit card.

As your income does not show up on any of the credit reports, many credit card issuers do not verify your income source. However, proof of income could increase the chance of your credit card application being approved.

Yes, Due to the online application system, your credit card application will be approved in one day. However, you will not get the physical credit card in one day.

The banks typically state that they would take 21 days to disburse a credit card. However, depending on the applicant’s profile, availability of documents, verification checks, etc., it might also take a little longer than the stipulated time.

It depends on your card type. If your credit card is accepted globally, you can use it in other countries as mentioned by your creditor. However, a certain fee known as the foreign transaction fee will be charged for all the purchases made abroad.

There are many different kinds of credit cards in India. They are:

• Secured Credit Cards
• Business Credit Cards
• Student Credit Cards
• Balance Transfer Credit Cards
• Prepaid Cards
• Kisan Credit Cards
• Rewards Credit Cards

Yes, You can apply for a credit card online, once you go to the website of your preferred bank.

It is much easier to apply for a credit card online. If you are applying for a retail credit card, it is better to go in person and apply for the same.

Yes, a lot of credit cards come with access to domestic and international lounges at airports.

This is the maximum amount that one can spend on their card. When you have a high limit for the credit card, it allows you to spend more and this will help your credit scores. However, this can also make you overspend and pile up debt.

The number, one should own is not fixed. It depends on your financial ability and your spending behavior. However, ensure to manage all the cards properly. Use them responsibly, repay the outstanding on time and make sure none of them is affecting your credit score.

The minimum amount due is the minimum amount a credit cardholder needs to pay in case he/she is not able to pay the total outstanding. It is typically 5% of the total outstanding amount on the card. Paying the minimum amount would save you from the late payment fee.

It depends on various factors – the number of days late, the number of instances and the amount due. Based on all this your credit card issuer would take a call about whether or not to report the same to the credit agencies. But once reported, it would certainly affect your credit score.

No, you don’t have to pay interest on all the transactions. However, if you’re not repaying the due amount within the stipulated time, the unpaid due would attract interest along with all the new transactions, till the due amount is repaid in full.

Yes, banks do charge processing fee for loans against credit card. However, you need to pay a very nominal amount as processing fee.

A credit card gives you a line of credit and you can use this to make balance transfers, all kinds of purchases, and cash advances. You will have to pay back the amount by the date specified by the bank. When you use a credit card, you have to keep in mind the minimum payment to made every month by the due date.

Not all credit cards do, but there are quite a few credit cards that come with fraud liability protection cover.If your card offers the protection, most of the fraudulent transactions that might happen on the card when it’s either lost or stolen will be covered. However, you need to intimate about the loss of the card immediately to the respective creditor.

While a credit card will allow you to make purchases “on credit”, charge cards will let you make a purchase which you can pay at a later point in time. Having a credit card would mean that you will get small and quick loans while you make your everyday purchases and it offers payment flexibility. If you are a charge cardholder, you will have to pay back the whole amount that you borrow every month on the due date and failure will lead to a heavy fee being charged. These cards are meant for you if you have the means to pay off your credit every month