Credit Cards Overview

As of today, credit cards are critical tools that empower a person to acquire goods, and avail of services with the comfort of making payments for those purchases on another date. Banks and NBFCs issue credit cards with credit limits, and the holder has to repay the amount used inside the allotted credit limits in accordance with the agreed due dates. The financial institution decides terms and conditions of the credit extended in agreement with the cardholder.

From travel to shopping, to expenses for day-to-day life, and various other needs, credit cards are meant to buy now and pay back later. There are many types of credit cards; some are secured credit cards, some deal with rewards, some are speciality cards that deal with important day-to-day needs such as fuel. Even cash back credit cards, and co-branded cards are a segment offered by financial institutions. With the use of these cards, you can increase your credit score too. Below you will find a list of types of available credit cards.

Different Types of Credit Cards in India

• Travel Credit Card
• Fuel Credit Card
• Reward Credit Cards
• Shopping Credit Card
• Secured Credit Card