Explore Top Credit Card Options with with us
Make every spending worthy by choosing the right credit card through Finward.
What is a Credit Card?
A credit card is a financial instrument that has a pre-loaded balance that the cardholder can use to make transactions and pay for them later. The card issuer will let you pay off the balance fully, interest-free, for up to 50 days from the date of payment. To avoid any fines, the cardholder can pay the minimum amount due (which can be anywhere between 5% to 10% on the total amount owed). The balance, however, will be carried forward to the next month, and interest set by the credit card company will be levied.
Credit Cards Eligibility and Documents
Read on to know the criteria required to apply for our Credit Cards.
Different Types of Credit Cards in India
Shopping Credit Cards – Shopping credit cards are curated to reward cardholders for their shopping expenses. They offer ample rewards in the form of points or cashback, which can be redeemed for merchandise, travel, or other rewards.
Lifestyle Credit Cards – LifeStyle credit cards fulfill your lifestyle wants and suit your various needs. Get reward points for every swipe you make. Avail for shopping discounts and cashback on retail spends.
Fuel Credit Cards – A Fuel Credit card is being offered by banks to customers in a bid to provide them with maximum benefits while purchasing fuel. Having this card enables those who constantly buy fuel for various purposes to lower their expenditure on fuel. Apart from that, it enables the users of Fuel Credit cards to use it for other benefits with regard to lifestyle.
Rewards Credit Cards – Rewards credit cards offer you some type of “reward”—typically cash back, points, or travel miles—for every dollar you spend, sometimes up to certain limits. Depending on the card, you can then use your rewards in a variety of ways.
Travel Credit Cards – Travel credit card is a type of credit card that offers exciting offers and deals related to travel. Most features and benefits offered by travel credit cards provide you savings on travel. From air ticket bookings to reward points accumulation, everything comes with a perk when done through travel credit card.
Features & Benefits of Credit Cards
The credit card segment continues to grow universally as innovative contenders enter the space with fresh and advanced features. Get a look at the basic features.
Credit Limit: Credit limit refers to the maximum amount you can use through your credit card at a given point of time. You are liable to be charged a fee on exceeding the given credit limit. Credit Limits may change from month to month based on purchase and payment habits.
Balance: The balance on your credit card represents the total amount you owe. This includes purchases, finance charges, and fees. You may check your balance online, or by calling customer service.
APR: APR refers to the term Annual Percentage Rate, an interest rate applicable to the balance you carry forward past the grace period
Grace Period: Grace Period refers to the period of time you are allowed to repay your balance in full before being charged a fee. Typically, balance transfers and cash advances do not have grace periods.
Credit Card Fees: The most common fees include annual fees, finance charges, late fees, and over-the-limit fees. You may avoid certain fees based on how you use your card; for example by making credit card repayments on time.
Why Us
At Finward, we have kept in pace with our ever-increasing growth. Our growth is mainly fueled by our deep understanding of client needs and banking products, along with our unbiased effort to bring a win-win deal both for the client as well as the bank. Clients always appreciate our best-in-class service and professional interactions, along with the use of latest technology to keep clients updated on the progress of their transaction.
While the numbers tell their own story, we take pride in having achieved these by serving the varied needs of thousands of customers spread over diverse geographies. This experience stands us in good stead whenever our customers have specific needs in terms of guidance, processes, possibilities, and of course, loans.
