What are the benefits of having an account with Axis Bank?

Choosing a credit card is not an easy task. Cashbacks, sign up bonus, discounts, travel miles, rewards and much more, there are hundreds of benefits to look out for while signing up for a credit card. Choosing your best credit card depend on how much debt you have, spending habits and your future financial goals.

When it comes to credit card benefits, you’ll love Axis Bank Credit Cards as they offer lot of perks such as cashback on every purchase, miles which can be redeemed for flights, accelerated reward points, complimentary insurances, welcome gifts, etc. Axis bank offers credit cards for different category of people across the country. These credit cards come with enticing offers and jaw dropping deals. For instance, if you are a shopaholic, then you can choose an Axis bank credit card which offers deals, discounts and welcome gifts on shopping outlets. Similarly, if you are a frequent flier, then you can choose an Axis Bank credit card which helps you in earning travel miles on your transactions. You can browse through the wide range of Axis Bank credit cards, check out the features and benefits and take your pick according to your needs. Explore the world of unmatched benefits and features, here’s an overview of the benefits you get with an Axis Bank credit card: 

Travel Insurance 

A little caution is all you need when decide to pack your bags for a holiday. Axis bank credit card offers you complimentary travel insurance which helps you in reimbursing for cancelled trips, lost luggage, and delays. It also includes accident insurance or travel emergency assistance. Axis Bank travel insurance bails you out of the unexpected. Enjoy safe travelling without hassles. 

Lounge Access

Enjoy the conveniences of lounge accesses when you are experiencing a flight delay, cancellation or misconnect. Lounge access enables you to make the most out of your airport experiences regardless of the flight you are travelling with. Enjoy complimentary amenities such as premium food and alcohol, fast Wi-Fi, secure business centres and much more. Axis bank lounge access also helps you in freshening up with modern shower facilities for a long flight layover or long flights.

Reward Points and Travel Miles 

Axis Bank credit card comes with card specific benefits and perks. With every transaction, you can earn reward points or travel miles depending upon the card you choose. Accumulated reward points can be used for taking various offers, lifestyle gifts, discount or cashback vouchers and much more from the Axis Bank rewards catalogue. Travel miles can be used for flight ticket discounts, class upgrade, free tickets, etc.

Concierge Services

Axis Bank Concierge services provides you 24*7 assistance. Your credit card’s concierge service provides you the same benefits of a dedicated personal assistant at no cost. it can help you with almost anything including reservation at a hard to book concert, booking movie tickets, booking your holiday package, arranging a round of golf, sending gifts and flowers to your friends or family members when you are not in town, helping you in arranging services when you are travelling abroad, arranging rental car, etc.

EMI Facility 

If you are planning to make a big ticket purchase and don’t want it to make a hole in your pocket then you can choose your Axis Bank credit card to defer payments. In addition to this, you can also choose your Axis bank credit card to pay off for your purchase in equated monthly instalments. Choosing this option will put lesser burden on your expenses and it would be a convenient option for purchasing a big ticket item.

Which is the Best Air Miles Credit Card in India

Credit cards in India reward credit card holders on using their card for paying utility bills, booking travel tickets, and shopping online or at retail stores. The rewards that a credit card holder receives depend on the credit card issuer as well as the credit card itself. Some credit cards are better for use at the fuel stations while others may bring better rewards when used for paying your restaurant bills.

From shopping and travel to dining and bill payment, each credit card rewards the user differently. For travel enthusiasts, an air miles credit card is a far better option than a Lifestyle credit card. An air miles credit card will help a credit card holder earn miles that he or she can redeem for complimentary air travel, hotel stay, and car rentals in addition to other rewards. Frequent flyers can get the maximum benefit out of this card since the biggest rewards are reserved for people using the credit card to book air tickets in addition to other spends.

Various banks offer air miles credit cards in India and many of them provide them as co-branded cards by collaborating with airlines or travel booking sites. Some of the popular air miles credit card issuers in India are IndusInd Bank, State Bank of India (SBI), Citibank, HDFC Bank, Axis Bank, ICICI Bank, etc.

A few ways to find the best air miles credit card in India are briefly discussed here.

Privileges with the Credit Card: When you apply for a credit card, it is important to check the offers, deals, privileges, etc. that you can get from the credit card issuer. Many banks and financial institutions offer access to premium airport lounges, miles on the first spend, etc. when an individual applies for an air miles credit card. A lot of credit card issuers also give free vouchers of popular online retailers such as Amazon, Flipkart, etc. to the customers when they are issued a credit card.

Collaboration with Airlines/Travel Booking Sites: Many banks issue air miles credit cards in collaboration with an airline or travel booking site. Some of the popular airlines that have partnered with different banks for air miles credit cards are Jet Airways, British Airways, etc. And some of the popular travel booking sites that have collaborated with banks for air miles credit cards are MakeMyTrip, Yatra, etc. You can get more rewards, offers, and miles when you make your booking with the partner sites using your air miles credit card.

Rewards Programme: When you apply for a credit card, it makes sense to check the rewards programme and see how the bank grants miles to the customer. When you compare the credit cards of different banks, you can find the one that offers more miles per Rs. 100 spent as compared to other credit cards. You can also check if there are better rewards for international flight bookings as compared to domestic flight bookings.

Redemption Policy: All is well when you earn rewards on your credit card spends for usual transactions and flight booking. However, when it comes to redeeming the credit card rewards, it can become stressful if you do not look at the redemption policy of the credit card issuer. Banks allow customers to redeem their miles in different ways such as to book a flight ticket, hotel room or car rental. The customers are only allowed to redeem their accrued miles after they have reached a certain limit.

One of the best air miles credit cards in India is the WorldMiles IndusInd Bank credit card. The customer can accrue rewards in the form of FlightMiles for domestic or international flight booking, SpendMiles for shopping, dining, etc., and PartnerMiles for spends on the partner sites of the IndusInd Bank. Customers accrue miles when they book a flight in any sector in India using the IndusInd Bank credit card. 

For international bookings, the globe is divided into different zones and the flights to these zones are assigned a specific number of air miles, also known as WorldMiles or FlightMiles. This IndusInd Bank credit card offers some of the best rewards and also has a great redemption policy making it a popular choice of frequent flyers.

7 ways to save loads of money using credit cards

For many, credit cards is only a method to make payment, while the savvy users are aware of how to maximize benefits and services from the various credit card offers. The types of facilities offered by credit cards are insurance, free travel, cash back, and other numerous services to help you save loads of money.

7 Important ways how you can save money using credit cards 

• First, choose the best card such as the HSBC credit cards that suit your lifestyle. There are different types of HSBC credit cards and other cards offered by other companies. A fuel card is useful for those who travel in their car to office, cash back offers on credit cards are best for avid shoppers and a shopping card is suitable for people who live in a joint family and need bulk shopping. In a way, HSBC credit cards are favourable for saving lots of money and getting rewards using the cards. 

• Another suitable way to save money is to avoid paying interest. Do not have too many credit cards, but only a limited number with an overall credit limit. This is because your overall credit limit should not overwhelm your monthly income, otherwise that would be a problem. 

• Whether you have HSBC credit cards or other types of cards, you should avoid debit and cash transaction with the cards. Every time you go to a shop, it is better if you pay through credit cards instead of via cash or debit cards. Using credit cards offers you extra interest accumulated on your savings account balance while also guaranteeing rewards and benefits. 

• It advisable to make payment of credit card bills at the end of billing cycle and leave it for the last few days. This can be a great method of keeping your credit utilisation limit minimum while using credit cards. If you postpone payment of bill on credit cards, you can earn additional interest on the savings account for the grace period. Remember, you need not worry about clearing cheques since payments can be done through mobile banking or net banking anytime. 

• Credit cards offer you the scope of earning reward points. For every purchase that you make, you can get reward points. Later you can accumulate all the reward points and encash it against other products that you buy. Some of the best credit card options are HSBC credit cards, Standard Chartered Manhattan credit cards, ICICI Instant Platinum cards, SBI Simply Click Credit Cards, Citibank Premier miles Credit cards, etc. 

• Try and increase credit payment cycle. The longer is the grace time for payment through credit card, the more you can actually delay the payment. This will help you to accrue more interest. It is better if you can negotiate with your bank and enhance the grace period as much as possible. It is better if you upgrade to a higher end card and see how the grace period increases by 10 days. As a result, the half-yearly interest credits will increase naturally. 

• Also, you can save lots of money on credit cards since the card protects you from damages and all kinds of thefts. The best part is credit cards can offer price matching services. Remember, different companies have varying policies on their credit cards. Sometimes, it is possible that your credit card will track prices for you and offer you credit for the difference in price automatically. 

Credit cards have more uses than you could have imagined. This article will help you focus on those areas on how to maximize benefits on credit cards and make the most of it.

How credit cards protect your purchases from damage or theft

Most people even in a developing country like India are not aware of the benefits of insurance. Even purchases made through your credit card can provide you with a option of purchase protection. It works as follows, if you buy items using your RBL credit card that has purchase protection, then you need not worry at all about it getting stolen or lost. This is because purchase protection is a kind of insurance that some credit cards offer as a benefit. It will give you peace of mind, especially if the purchase is an important or expensive one.

The benefits of purchase protection

If you use a credit card to make a purchase and the item turns out to be defective, you can complain to your credit card company. They in turn will take up the case to the vendor and you can get your money back, subject to some restrictions. This is basically known as disputing a charge. 

Then there may be a situation when a perfectly good purchase gets ruined or is stolen or lost due to plain clumsiness or even bad luck. This is where you can make use of the purchase protection if you bought the item with a credit card that provides this benefit. However, make sure that you do not confuse purchase protection with paid-for add-ons like credit protection plans which are quite lucrative but usually are of very little use for consumers who intend to use them for payment relief in cases such as unemployment.

RBL offers purchase protection on many of its high end cards, just like other credit card companies. However, some consumers are not aware of this benefit or simply fail to benefit from it. Purchase protection can save you a lot of money in case of damage to or theft of your expensive items.

Purchase protection can be used in many situations, but the coverage depends on the particular card and the individual situation. Appropriate proofs must be presented to the bank or the lending institution about the damage or the loss 

In order to get coverage through purchase protection you need to call the credit card company, fill out a claim form and submit it with documentation of the loss. The paper work involved in this procedure is like any other insurance plan, but it is totally worth it especially because it is a free of cost additional benefit which you can avail by completing few formalities

The cons of purchase protection

Here you need to bear in mind that the authority for deciding whether your purchase protection claim is approved rests with the credit card company. They will review all the circumstances and take a look at the larger picture. It may be possible that what is covered in one case may not be covered in another case.

The details of coverage vary from one card company to another, but most of them don’t cover certain items like animals, cars, boats, food and other consumable items and all kinds of tickets. Along with exclusion based on the type of item, some credit card companies may also not provide coverage for items that are lost in a particular manner. For instance, many card companies don’t cover things stolen from a car, left out in public, stolen from a gym or school due to carelessness or taken out of luggage that was not with its owner.

Hence you need to think about it again and take an informed decision regarding purchase protection plans on credit cards.

How Good is RBL Bank Credit Card?

Credit cards are increasingly becoming a commonly accepted mode of conducting transactions. People find credit cards easy, convenient and hassle-free which reduces the dependency on cash. RBL Bank also offers various credit cards which have different features. A range of credit cards are available which suit varied needs and requirements. But are these credit cards good?

What makes a credit card good? A credit card is considered good if it has good features and promises attractive rewards and discounts. RBL Bank’s credit cards fulfill all these parameters. They come in different kinds, give good reward points and also allow discounts and gift vouchers to cardholders. Here are some of the benefits offered by RBL Bank credit cards:

• Reward points 

Credit cards offered by RBL Bank offer good reward points when you make purchases using the card. The reward points go as high as 5 points for every Rs.100 spent on the card. These reward points can then be accumulated and used to avail discounts and gift vouchers on various products and services. RBL credit cards also offer additional reward points as joining bonus which you can redeem on products from the bank’s reward catalogue.

• Joining bonus

Other than reward points, RBL credit cards also offer other benefits when you buy the card. Travel vouchers and other cash benefits are also awarded as joining bonus.

• Waiver of card fee

Every credit card involves a joining and a renewal fee. RBL cards allow you to waive off these fees if you make a specified spending within the first 60 or 90 days of card issuance. The renewal card fee is also waived off if you spend a specified amount on the card in any given year. This fee waiver saves your money.

• Complimentary lounge access at airports 

Many credit cards offered by the bank have an inbuilt Priority Pass Membership program for you. As a cardholder you get free lounge access across more than 850 airports both within the country and throughout the world. 

• Premium privileges

The range of premium credit cards offered by the bank allows you to avail discounts across luxury hotels and fine dining restaurants. You get a personalized concierge service, services of a dedicated Relationship Manager, invites to domestic and international events and also golfing privileges across multiple golf courses in India. 

• Save money on fuel

You get waiver of fuel surcharge on almost all credit cards offered by the bank. Through this surcharge you can save money on your fuel transactions which can go as high as Rs.250 per month.

• Exciting offers

Whether it is free movie tickets every month, cash backs at famous food joints or redemption of reward points at famous merchant outlets, the RBL credit cards promise you these and more. Your accumulated reward points can be used for discount vouchers at ITC Hotels, Air Asia, Levi’s, Taj Hotels and Resorts, The Leela, Vero Moda, Westin Hotels and Resorts and many more. 

• Safety 

The RBL credit cards come with an EMV chip which enables security of the transactions done using the card. You get regular alerts for all transactions done using the card. These alerts ensure that you remain aware of all the transactions you do using your card and any fraud transaction could be reported immediately.

• Flexibility 

Many of the RBL credit cards allow you to set a flexible purchase limit on your credit card as per your spending pattern. You can set and also revise this purchasing limit any time you want to without any problems. Moreover, if your purchases exceed Rs.5000 in any month and if you want, you can convert such high-volume purchases into easy and affordable EMIs which can be paid in subsequent months. 

With so many benefits promised by RBL Bank’s Credit Cards do you have a doubt if they are good or not? You can get a card for your everyday use or for a premium use and utilize the benefits they bestow. So, go and explore the range of credit cards offered by RBL Bank and choose the one which would suit your requirement.