A credit card is like a handy tool that lets you borrow money quickly for buying things or getting cash. It's important because it gives you flexibility with your money and helps you build a good credit history.
Want a credit card? There are various banks that offer credit cards designed for your needs. It’s a very difficult task to choose which one is best, what it can be for and many more questions. No worries! You can easily find all the details on the EazyBankLoan website.
Need help? Reach out to us at support@eazybankloan.com
| Banks | Interest Rate | Annual Renewal fee |
|---|---|---|
| SBI Card ELITE | 3.35% per month | Rs. 4,999 (May varies with different cards) |
| AXIS | 3.5% Per month or 52.86% p.a | Rs. 3,000 (May varies with different cards) |
| ICICI HPCL Super Saver | 3.40% Monthly and 40.80% | Rs. 500 (May varies with different cards) |
| SBI SimplyCLICK | 3.50% per month and 42% p.a | Rs. 499 (May varies with different cards) |
| Kotak | 2.49% per month and 29.88% p.a | Rs. 500 (May varies with different cards) |
| HDFC | 3.4% per month | Rs. 1,000 (May varies with different cards) |
| IndusInd Bank | 3.83% per month and 46% p.a | Starting from 199 p.a (May varies with different cards) |
| RBL Bank | 3.99% per month and 47.88% p.a | Rs. 499 (May varies with different cards) |
| Age of the Applicant | Annual Income | Applicant’s Nationality | Credit score | Outstanding Debt |
|---|---|---|---|---|
| A person must be within 18 years to 60 years | The annual income must be within Rs. 1 lakh to Rs. 3 lakhs. But it differs and depends on the different card-issuing banks. | Anyone can apply but some cards are available only for Indians. | Your creditworthiness depends on your credit score that lies between 300 to 850. Your potential lender will lend you money if your score lies between 750 to 850 as they use these scores to determine your chances of loan repayment in a timely manner. | Your credit card won’t be approved if your debts exceed the granted limit. |
Access the website by clicking on the following link:
http://eazybankloan.com/creditcard.
Choose the appropriate category from the options provided: Salaried, Independent Workers, Business Owners, Students, Homemakers, or Retired Persons.
If you are a salaried individual, enter your company's name as requested.
Provide your net monthly income.
Input your PIN code and mobile number.
Enter your personal details, including your email address.
Upon receiving an OTP on your registered mobile number, input the code as prompted.
Proceed by clicking on the "Submit" button.
Select the name of your bank from the options provided
Specify the maximum credit limit desired for your credit card.
Enter your residential address and save the information.
Upon completion, a list of credit cards suitable for your profile will be displayed on your screen.
| Identify proof | Address proof | Income proof |
|---|---|---|
| Copy of PAN Card | Aadhaar | Bank Statement (last 3 months) |
| Passport | Utility bills | Latest Salary Slip |
| Aadhaar Card | Lease/Rent Agreement | Application form fully filled |
| Ration Card | Voter’s ID Card | Your Passport-size photographs |
| Voter’s ID Card | Passport | For self -employed, a statement of accounts, proof of income & business is required |
You can opt for an online credit card application on EazyBankLoan. Drop an email at support@eazybankloan.com
Fill out an application form with personal and financial details.
Submit required documents like ID proof, address proof, and income proof
The issuer verifies submitted documents and may contact references
Your credit score is assessed to determined creditworthiness
Approval rejection based on credit score, income, and other factors
If approved a credit limits is set based on your creditworthiness
Basic cards offering standard features and benefits.
Earn points, miles, or cashback rewards on purchases.
Designed for frequent travelers, offering travel rewards, perks, and benefits.
Earn a percentage of cashback on eligible purchases.
Offer discounts, cashback, or rewards on fuel purchases.
Provide rewards, discounts, or cashback on dining and restaurant expenses.
Provide rewards, discounts, or cashback on dining and restaurant expenses.
Offer rewards, discounts, or cashback on retail and online shopping.
Issued in partnership with specific brands or companies, offering rewards and benefits related to that brand.
Provide rewards, discounts, or cashback on grocery purchases.
Offer exclusive benefits, perks, and services, often with high annual fees.
Offer rewards, discounts, or perks related to hotel stays and accommodations.
Designed for business expenses, offering expense tracking, employee cards, and business-related rewards.
The individual applies for a credit card with a bank or financial institution. Upon approval, the cardholder receives a physical card and is assigned a credit limit, which is the maximum amount they can borrow.
The credit limit is determined based on various factors, including the cardholder's creditworthiness, income, and existing debts. It represents the maximum amount of money the cardholder can spend using the credit card.
The cardholder can use the credit card to make purchases at physical stores, online retailers, or for bill payments. Each transaction is recorded and added to the cardholder's balance.
Credit card transactions are typically grouped into billing cycles, which can range from 25 to 30 days. During this period, the cardholder can make purchases up to their credit limit.
At the end of each billing cycle, the credit card issuer generates a statement detailing all transactions made during that period, along with the total amount owed.
The cardholder is required to make a minimum payment by the due date specified on the statement. This payment covers at least a portion of the total amount owed. However, paying only the minimum amount can result in accruing interest on the remaining balance.
If the cardholder does not pay the full balance by the due date, interest is charged on the remaining balance. The interest rate, also known as the Annual Percentage Rate (APR), varies depending on the card's terms and the cardholder's creditworthiness.
The cardholder's payment history and credit utilization (the ratio of credit used to credit available) impact their credit score. Responsible use of the credit card, such as making timely payments and keeping balances low, can improve the cardholder's credit score.
Credit cards offer revolving credit, which means that as the cardholder pays off the balance, the available credit is replenished, allowing them to continue using the card.
Many credit cards offer rewards programs, such as cashback, points, or miles, for making purchases. Cardholders can redeem these rewards for various benefits, such as travel discounts, gift cards, or statement credits.
| Feature | Credit Card | Debit Card |
|---|---|---|
| Payment Source | Borrowed money from issuer | Funds directly deducted from linked bank account |
| Credit Limit | Pre-set credit limit | Limited to available funds in linked account |
| Billing Cycle | Monthly billing cycle with statement | Real-time deduction or daily/weekly statement |
| Interest | Charged on outstanding balances if not paid fully | No interest as transactions use own funds |
| Overdraft | Can lead to debt if overspent beyond limit | Generally no overdraft, declined if insufficient funds |
| Rewards | Often offers rewards, cashback, or points | Usually no rewards |
| Building Credit | Helps build credit history | Does not directly impact credit score |
| Fees | Annual fees, late payment fees, interest charges | Minimal fees, if any, depending on bank |
| Security | Offers fraud protection and dispute resolution | Less protection, but still some fraud monitoring |
Easily make purchase without carrying cash.
Earn points, cashback or miles on purchase
Protection against fraud and theft.
Establish and improve your credit score.
Access to funds in case of emergencies.
Cashback or rewards on spending
Purchase protection and insurance
Convenient payment method worldwide
Ability to track spending easily
Many banks offer credit cards, each with different rates and fees. Typically, there are charges like joining or annual fees that you have to pay, and other fees like cash withdrawal or late payment fees may apply based on how you use the card. We suggest checking all the credit card details on the EazyBankLoan website and applying for the one that suits you best.
Need help? Reach out to us at support@eazybankloan.com
It totally depends on how you use your credit card, but in general, you should know about good aspects and potential risk.
| Good Aspects | Potential Risks |
|---|---|
| Convenience | Debt Accumulation |
| Easy way to make purchases | Using it irresponsibly can lead to debt |
| Building Credit | Interest Charges |
| Helps establish or improve credit score | High interest rates can be costly |
| Rewards | Fees |
| Earn cashback, points, or miles | Annual fees, late payment fees can add up |
| Consumer Protections | Impact on Credit Score |
| Fraud protection and dispute resolution | Missed payments can hurt credit score |
| Emergency Funds | Overspending |
| Access to funds in emergencies | Can lead to overspending if not careful |
Eazybankloan offer safe and secure banking facilities and easy loan details & credit card details. You can apply for a credit card online and get instant approval so you can enjoy the benefits of the grace period. You can pay your transaction in EMIs and calculate your credit card interest rates in case you unable to pay the credit card dues on time.
Provide safe and secure banking facilities
compare and choose the best credit card
Calculate credit card interest rate and monhly EMIs
Easy credit card application process
Round the clock customer support
A credit card is a payment card that allows you to borrow money from the card issuer to make purchases. You can use it to buy goods and services up to a certain credit limit. You repay the borrowed amount, along with any interest and fees, at a later date.
A credit card is a payment card that allows you to borrow money from the card issuer to make purchases. You can use it to buy goods and services up to a certain credit limit. You repay the borrowed amount, along with any interest and fees, at a later date.
Some benefits of having a credit card include:
You can apply for a credit card online through the bank's website, in-person at a bank branch, or by filling out a paper application form. Provide the required information, such as personal details, income, and employment information.
A credit card is a payment card that allows you to borrow money from the card issuer to make purchases. You can use it to buy goods and services up to a certain credit limit. You repay the borrowed amount, along with any interest and fees, at a later date.
Commonly required documents include:
Eligibility criteria vary between banks but typically include factors such as your credit score, income, employment status, age, and existing debt obligations.
A credit card is a payment card that allows you to borrow money from the card issuer to make purchases. You can use it to buy goods and services up to a certain credit limit. You repay the borrowed amount, along with any interest and fees, at a later date.
Different types of credit cards include:
The credit limit is the maximum amount of credit that the card issuer extends to you. It is determined based on factors such as your income, credit score, credit history, and existing debt obligations.
You can request a credit limit increase from your card issuer. They may approve it based on factors such as your payment history, income, and creditworthiness.
A grace period is the period between the end of a billing cycle and the due date for payment. During this period, you can pay off your outstanding balance without incurring interest charges.
You can make payments through various methods such as
You can usually redeem rewards online through the bank's website or mobile app. Options for redemption may include cashback, gift cards, merchandise, or travel bookings.
Yes, most credit cards charge a foreign transaction fee for purchases made in a foreign currency or outside the country. This fee is typically a percentage of the transaction amount.
If your credit card is lost or stolen, immediately notify your card issuer to report it. They will block the card to prevent unauthorized use and issue a replacement card.
The best credit cards for specific categories vary based on individual preferences and spending habits. Research different cards' benefits, rewards, and features to find one that suits your needs.
An add-on credit card, also known as a supplementary card, is an additional card linked to your primary credit card account. It allows family members or trusted individuals to make purchases using your account, with spending limits set by you.
Some credit card issuers offer balance transfer facilities that allow you to transfer funds from your credit card to a bank account. You can initiate the transfer online or through the bank's customer service.
Yes, many credit card issuers allow you to redeem your reward points for cashback, statement credits, gift cards, merchandise, or travel bookings, depending on the rewards program. Check with your card issuer for redemption options and terms.
