As per a report by the RBI, there were over 50.3 million credit cards in circulation in India in July 2019. The surge in the number of credit cards in circulation and their popularity can be attributed to multiple benefits that accompany the use of this particular payment card. For instance, leading financial institution, Bajaj Finserv extends credit cards which come with unique features and user intrinsic benefits which help cardholders in various ways.
Notably, by availing a credit card that matches one’s spending habits, the user can save more on the transactions and maximize its utility accordingly. Nevertheless, to experience the same, individuals need to scrutinize all the major features and benefits that accompany a particular card, including the steps of how to apply for credit cards online. It will prove useful to streamline the entire process more effectively.
Steps involved in applying for a credit card
Typically, individuals can apply for a credit card online for a less cumbersome and smooth experience. By following these steps below, individuals can apply for their choice of credit card from Bajaj Finserv.
Step 1 – Visit the financial institution’s official website.
Step 2 – Navigate to the credit card page.
Step 3 – Select a suitable credit card.
Step 4 – Click on the ‘Apply for Credit Card’ button.
Step 5 – Fill up the application form with the required details.
Step 6 – Verify the details shared and submit the application form.
Once these steps are completed, applicants will need to submit a set of necessary documents to support their eligibility for the credit card. Individuals must also make sure to provide accurate details in the application form. It is mainly because errors in the application form are one of the primary reasons why a credit card application is rejected.
Nonetheless, before becoming familiar with the process of how to apply for a credit card online, individuals must find out if the card selected matches their spending habits or not. For instance, those who travel frequently should look for a credit card that offers benefits pertaining to the booking of flight tickets or other exclusive airport amenities.
Features and benefits of credit cards
Here is a list of the most prominent features and benefits of credit cards from Bajaj Finserv to facilitate effective credit card comparison.
Cash withdrawal benefits
Users are permitted to withdraw instant cash through an ATM by using their credit cards. Also, the said credit card extends an interest-free period of up to 50 days to repay the cash withdrawn.
Users are also entitled to avail of an instant personal loan on their available unused credit limit at a nominal rate of interest. It helps cardholders to meet unforeseen financial obligations quite effectively without undergoing a lot of hassles. Additionally, users get an interest-free 90 days to repay the loan amount without increasing their loan burden. Collectively, these are among the reasons to opt for a personal loan on a credit card.
These credit cards offer several opportunities to earn and accelerate reward points. For instance, the financial institution extends new users 20000 reward points as a welcome gift. Also, users have the opportunity to accelerate their existing reward points on achieving new milestones. By redeeming these points, cardholders can save money on their future transactions and make their purchases more affordable.
Bajaj Finserv RBL Bank SuperCard users are also entitled to avail of exclusive benefits on their transactions. For instance, if cardholders shop from select partner outlets, they can enjoy attractive discounts, customized EMI payment facility and cash backs on their purchases.
The NBFC also provides pre-approved offers to their customers which makes their experience smooth and effective. Mostly such offers are available on multiple financial products, including personal loans and business loans. Check your pre-approved offer by entering your name and contact number.
Other than these, the credit cards issued by this financial institution come with robust security features to help eliminate the risk of cyber theft, credit card frauds, etc. All these features help individuals to choose a suitable card among others. Notably, while figuring out how to apply for a credit card online individuals must also check out the eligibility criteria that require compliance to avail the same.
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