Credit cards come as
a boon for salaried professionals. It gives them the privilege to make an
immediate expenditure on credit and pay the amount later. Usually, a credit card limit is decided on your
annual income and credit history. But as the common rule goes by, the more will
be your annual income; the better will be your credit limit.
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| credit cards for salaried person |
In India, there are
many banks and other lending institutions which offer a host of credit cards
with amazing benefits and timely rewards. However, anyone planning to apply for credit card must choose a card keeping in mind
their requirements as well as spending habits, as both these factors will
greatly affect their credit card EMIs and credit history.
Listed
below are top 5 Credit Cards Available for Salaried professional:-
The
Platinum plus Credit Card from HDFC bank
It is yet another
beneficial credit card for the salaried professional. Though HDFC bank offers a
platinum credit card at an annual fee of Rs 299, but if you have made the
transactions of Rs. 30,000 from your credit card within one year, the bank will
not charge any annual fee for that particular year. Although you must pay your
credit card dues on time but if you fail to do so, HDFC bank charges low fees
on late payment.
The
Gold and More Card from SBI
SBI charges Rs. 499/-
each as the annual fee and joining fee. But if you make the expenditure of Rs
75,000/- from your credit card within a year, the bank will charge no fee from
you for that particular year. On top of that, using Gold and More Card from
SBI, you can get 2.5 percent cash back on all the departmental stores and
shopping on groceries, cash back of Rs.100 on the first ATM withdrawal and also
add-on cards without any charges levied on it.
The
Platinum Credit Card from Citi Bank
Unlike other cards
that come with a high rate annual fee, the platinum credit Card from the Citi
Bank comes with zero charges on both the joining fee and the annual fee. With a
monthly interest of 3.25, the Platinum Credit Card offers a wide variety of
benefits to the salaried professionals. It offers 5x rewards at shopping,
restaurants along with a host of discounts and offers on movie tickets, travel
as well as EMIs.
The
Trump Gold Credit Card from Kotak Mahindra Bank
The bank does not
charge anything as joining fees but the annual fee of the Trump Gold Credit
Card from Kotak Mahindra Bank is Rs.499. Any individual who depends on his
salary and gets an annual income of more than Rs.3 lakhs is eligible to take
Trump Gold Credit Card. Kotak Mahindra Bank offers 10 percent cash back on
movie tickets and dining, EMIs payment at zero charges, railway surcharge renunciation
of 1.8 percent and zero liability on lost cards.
The
Platinum Credit Card from Axis Bank
Platinum Credit Card
from Axis Bank offers good many benefits to the salaried professional. One can
take insurance through this credit card, get special offers on matrix cellular
as well as Hertz car rentals and avail 2.5 percent of fuel surcharge waiver. Offered
at 2.95 percent monthly interest, the joining fee of the Platinum Credit Card from Axis Bank is Rs. 500/- but it will not
be charged if you spend Rs. 5000/- or more within the first 45 days.
The procedure to
apply for any of the credit cards is very simple and convenient for all. But
before you pick and choose the best card for your need it is advised to compare
the list of benefits and rewards that each credit card offers to the customers.
In addition to this, you must also look at the joining fee, annual fee and
other charges that you need to pay to get the credit card.
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