Credit cards are considered the best financial tool due to the monetary convenience that it brings along with multiple other exclusive borrower-friendly features. Card issuing institutions provide multiple variants that offer customised benefits that cater to the personalised spending pattern of cardholders.
One such variant that is tailor-made to meet the shopping expenses of individuals is a customised shopping credit card. With more people opting to shop online, the usage of this credit card variant has also increased.
Nevertheless, cardholders who have the best way to use a credit card rationally can conveniently take the advantage of the multiple benefits that it comes with.
Benefits of a credit card
Thanks to the onset of a cashless economy in the nation, a considerable share of the people now prefer to opt for payments cards that mitigate the hassle of carrying cash. However, among the available alternatives of cards, credit cards are the most preferred due to the significant beneficial features that it brings.
The Bajaj Finserv RBL Bank SuperCard offers to the benefits of a loan card, EMI card, cash card, and an ATM card in one. It comes with industry-first and borrower-friendly features such as –
Interest-free ATM cash withdrawal for up to 50 days
This SuperCard enables cardholders to withdraw cash from ATM sans any interest for up to 50 days against a nominal processing fee of 2.5%.
An interest-free emergency loan for up to 90 days
Individuals can convert their unutilised credit limit to a personal loan. Following this they can withdraw the interest-free amount for a grace period of up to 90 days, and repay the same in 3 easy EMIs.
Affordable charges and instant approval
Card issuing institutions take into account the convenience of potential cardholders, and hence keep the required eligibility criteria and documents to a bare minimum. This helps in the instant approval of the card. Additionally, despite offering such significantly beneficial features, availing this SuperCard requires minimum joining and annual fee.
Bajaj Finserv also brings you pre-approved offers on credit cards that streamline the application process to avail these cards. These offers are available on multiple financial products that include both secured advances like home loans, and unsecured advances like personal loans, business loan, etc. You can take a look at your pre-approved offers by providing a few essential details like your name and phone number.
All such benefits can easily be availed only if a potential cardholder chooses the card that would yield them the maximum benefits as per their spending patterns. One such variant is the shopping credit card that provides an individual with the shopping-customised credit card benefits viz. –
Earning reward points against each transaction
Users can easily earn reward points on transactions made. They can conveniently redeem their credit card reward points in several ways.
Gaining a welcome bonus that can be redeemed against discounts
Availing SuperCards like Bajaj Finserv RBL Bank SuperCard can have multiple advantages. Apart from earning reward points, one can also earn up to 20,000 reward points as a welcome gift. They can even earn up to 20,000 points on expenses of Rs. 3 Lakh a year and an additional 20,000 in case the expenses touch Rs. 5 Lakh annually as milestone bonuses.
Providing superior security features against online transactions
Considering the possibility of multiple online frauds during an online transaction, it is essential to opt for a card variant that offers you with robust security features. A shopping credit card can help individuals avail borrower-friendly features such as interest-free emergency personal loans and ATM cash withdrawals.
One can easily avail such credit card benefits with a shopping card by meeting a few nominal eligibility criteria and furnishing basic documentation. Along with the various rewards and bonus received upon each transaction, timely repayment of credit card bills also has a substantial impact on the CIBIL score of individuals.