Credit Card Information
Credit Cards â€“ What is it and What you need to know.
A credit card is a small thin plastic card with a magnetic stripe mostly of size 85.60 Ă— 53.98 mm (33/8 Ă— 21/8 in) conforming to the ISO/IEC 7810 ID-1 standard that allows the card holder to pay for their goods or services. When we are paying our expenses through a credit card we are actually borrowing money along the line of credit from the credit card company with a promise to pay it within certain time limit. When the time limit gets exceeded we need to pay a fixed pre-decided interest rate (usually the base rate of the issuing financial institution) on the outstanding amount.
What a customer need to know when he uses a Bankâ€™s Credit Card.
What are ways to ensure you take benefits from Credit Cards
- Interest Charges that a Bank charge if you not pay 100%.
- What is the annual fee of the Credit Card.
- Late payment charges if repayment not after the due date.
- Cashback and Discount offers on usage.
- Free Credit period given by Bank.
- Pay 100% dues on Credit Cards on Time.
- Try to obtain free Credit cards or use reward points to waive off fees.
- Have a Co- Branded card for Travel or Shopping and try to get more reward points.
- Use those Credit Cards which has more/frequent discounts on the goods which you wish to buy.
Best Discount Offers on Credit Cards
SBI Credit Card:
Get 15%* off on bills of Rs. 350 and above fromÂ Domino'sÂ with your SBI Card. Offer period: 01 Apr 2014 to 31 Mar 2015
Get 35% off on minimum purchase of Rs. 1,299 and above atÂ Myntra.com. Offer valid till 31 Dec 2014
Flat Rs. 400 off on purchase of Rs. 1,000 & above across all categories atÂ Citynu.com. Offer valid from 15 Sep to 31 Dec 2014
CITI Bank Card:
Save 15% on food & soft beverages on a minimum bill of Rs. 300 atÂ CafĂ© Coffee Day. Offer validity: Till 31st March 2015
Save 15% on food & beverages (valid on purchase above Rs. 150) atÂ Barista. Offer validity: Till 31st December 2014
Save 15% on beverages on a minimum bill of Rs. 300 atÂ Costa Coffee. Offer validity: Till 31st December 2014
HDFC Bank Credit Card:
Flat 20% Off on a bill of Rs.400 & above atÂ Domino's. Offer Valid till 9th May 2015
35% discount on shopping onÂ www.myntra.comÂ for Rs.1299 and above. Offer Valid till 31st December, 2014
8% discount on All Electronics and Upto Rs2500 on the Latest ElectronicsÂ www.ebay.in. Offer valid from 01st October to 31st December 2014
Kotak Mahindra Bank Card:
Upto 15% cashback onÂ Makemytrip.com. Offer valid till :31-03-2015
Buy one Cappuccino, get another absolutely Free* atÂ Barista. Just swipe with your Kotak Credit Card and get 100% off on another cappuccino. Offer Valid till :31-12-2014. This offer is applicable onÂ Kotak Bank Credit Card.
Standard Chartered Bank:
Earn a 15% Cash Back* when you recharge your mobile or DTH using your Standard Chartered Credit or Debit Card atÂ Paytm Mobile AppÂ orPaytm.com. Offer valid up to December 31, 2014
15% Cash Back*Â when you recharge your mobile or DTH using your Standard Chartered Credit or Debit Card atÂ Paytm.com. Offer valid up to December 31, 2014. Valid offers onÂ Standard chartered Platinum Elite credit card.
Save up to 30% with exclusive customized meals for 2 /4 people - Choice of sandwiches, beverage and dessert atÂ Barista.
2.5% fuel surcharge refund for Fuel transactions between Rs. 400 and Rs. 4000* at allÂ Petrol Pumps Across India.
Get Rs. 100 OFF! Min. purchase of Rs. 350 atÂ floristsinindia.comÂ Offer Valid from 1st January 2014 to 31st December 2014.
ICICI Bank Card:
Enjoy 10% discount on all culinary experiences byÂ UrbanRestro.comÂ and upto 50% off at top restaurants. Valid till: December 31, 2014
15% off on food atÂ Frydayz. Offer valid until: 31st Dec 2014. This offer is available onÂ ICICI Visa Signature Credit Card.
HSBC Bank Card:
Enjoy a discount of 15% on minimum purchase amount of Rs. 1,299 atÂ Yebhi.com. Valid till 31 December 2014.Â
Upto 20% off on Domestic and International Travel onÂ Makemytrip.com. Offer Period: 1st July, 2014 to 31st March, 2015
Buy 1 Ticket and Get 1 free all through the week atÂ www.cinemax.co.inÂ ! Offer valid only on IndusInd Bank Signature Credit Cards. This offer is valid till 31st December 2014.
The buy one get one free offer onÂ www.thecinema.inÂ is valid for tickets having a maximum price of Rs. 120/- per ticket only. The offer is applicable till 31st December 2015.