A Credit Card is a rectangular, small plastic card that allows you to buy goods or any other services without offering any cash upfront. It is similar to taking a loan from a lender. Credit Card interest rates vary for every user. Whenever you apply for a Credit Card, the Bank decides how much credit limit should be allotted to you. The amount you spend in a particular month gets reflected in your Credit Card statement, which you receive the next month on a specific date. The Credit Card bill is mailed to you every month by the issuer.
Read more here: What is Credit Card - Functioning, Features, Benefits & Offers
Diverse types of Credit Cards are offered nowadays. Each card has a specific use and various features. Let’s look at some of the common benefits of owning a Credit Card.
A Credit Card limit is the maximum amount a user can spend on his or her Credit Card. There are several factors that determine the credit limit on a card; these include – credit history, age, income, existing liabilities, repayment capacity, type of card, and others. The limit varies from person to person.
Many people use Credit Cards for all kinds of transactions. With every payment, you can enjoy discounts & offers on top brands. For example, with AU Credit Card, you get exciting cashback, brand vouchers & reward points. You get to unlock attractive Credit Card offers across categories like travel, shopping, dining, health, entertainment, education, and others. In addition, you can enjoy no-cost EMI on smartphones, laptops, Silver Spoon Dining program and Device Protection Plan benefits & other gadgets using our exclusive Xpress EMI features.
You can apply for a Credit Card online here. At AU Small Finance Bank, you can select a Credit Card that suits your needs. Enjoy a plethora of lifestyle offers and other benefits. Apply for Zenith, Vetta, Altura Plus or Altura Credit Cards. To know more, click here