When it comes to credit cards, there’s a plethora of options to explore. There are different types of credit cards available with each catering to different types of spenders. Whether you need a credit card for travelling, business needs, or shopping, you’ll find a well-suited option easily.
Here’s an overview of the various kinds of cards you can opt for.
Travel Credit Cards
As the name suggests, these cards are tailored to help cover your travel expenses. If you’re a frequent traveller, getting this travel credit card will help you get more value from your travel purchases. This card offers:
- Discounts and deals on flight bookings
- Hotel and resort bookings at a discounted rate
- Complimentary airport lounge access
- Annual travel credit points
- Points and miles on travels
Student Credit Cards
These credit cards are designed for students who are new to credit and don’t possess a credit history. For these cards, approvals are easier and associated charges are on the lower side. Student credit cards offer these perks:
- Reward points and cashback on educational resources
- Credit limits tailored for students
- Rewards for using the card responsibly
- Opportunity to build a credit history with consistent credit card bill repayment
- Zero or minimal annual renewal charges
Business Credit Cards
If you’re a business owner, getting this card is a smart way to keep your personal and business expenses separate. With this card, you get:
- Cashback and rewards on certain expenses
- Expense tracking features
- Rewards on recurring business purchases
- Airline miles or cashback in exchange for reward points
Fuel Credit Cards
These cards help you save on your fuel expenses. You enjoy several perks with these cards on your fuel purchases, such as:
- Rewards and cashback on fuel purchases
- Discounts and rewards on other purchases
- Additional rewards on fuel purchases at partner fuel stations
- Car maintenance services and roadside assistance
- Fuel surcharge waivers
Cashback Credit Cards
These cards provide a percentage of the total expenses back, on select payments. This helps you save more since you don’t pay the full cost of the product or service. With this card, you get:
- Guaranteed cashback on eligible spends
- Welcome or joining perks for new cardholders
- Additional rewards and benefits on certain transactions
Rewards Credit Cards
For many cards, the rewards points are the selling point to onboard new customers. You earn these points on every purchase you complete with your credit card. You can redeem these points for various products, services or perks. Some of the main features of this card include:
- Rewards points on joining as a new customer
- Points on eligible spending made through the card
- Gift cards and discounts in exchange for reward points
- Cashback in exchange for the reward points
Secured Credit Cards
These types of credit cards come with the benefit of easy approval and favourable terms. This is because you pledge an asset to avail of the credit card. This adds a layer of security for the issuer, and so the terms are a lot more favourable.
Here are some points that you should know about secured credit cards:
- These cards are generally provided against a fixed deposit investment
- The credit limit offered on the card depends on the value of the asset
- These cards come with lower interest rates and other charges
- You earn attractive rewards for your spending
Co-Branded Credit Cards
As the name suggests, these types of credit cards have tie-ups or partnerships with brands or institutions to offer you the best rewards. In addition to the regular benefits, these cards come with additional benefits due to the partnership. The top features generally include:
- Reward points and cashback on purchases made with the card
- Special discounts and offers on spending on partner products and services
- Fee waivers on spending beyond a certain threshold
Balance Transfer Credit Cards
These cards are specially tailored to help you consolidate your credit card dues into a single card. With the help of this card, you can pay off your dues at a lower cost and save more. Going ahead with this option is ideal when your current issuers charge a higher interest rate. With this option, you can easily repay your dues affordably and efficiently.
Finding the right card can be time consuming and demand a lot of patience. If your priority is getting a card with attractive rewards and benefits, the One Credit Card is the perfect solution. Back by a powerful app and advanced tech, it is loaded with features that enable you to spend confidently. No matter the type of purchase, you always have full control and enjoy a ton of benefits too!
You get a number of exciting perks, such as easy EMI conversion of your big-ticket expenses, discounts on shopping and dining, up to 5X rewards on top spends and more. In addition, this card has zero joining, annual renewal and reward points redemption charges. Apply now to get started.
