What is a credit card?

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A credit card is a financial instrument issued by banks with a pre-set credit limit, helping you make cashless transactions. The card issuer determines the credit limit based on your credit score, credit history and your income.

All about credit cards

A credit card is a financial tool that lets you buy products on credit, and you can repay the utilised credit before the due date. To avoid interest, you should repay the credit amount within the due date.

Credit cards come with a card limit specified for each variant. Several parameters such as your CIBIL Score, income profile, and so on, will define your eligibility for a variant with a pre-approved limit. Credit cards are packed with a range of unique propositions and benefits, varying from card to card. For example, you may get benefits like welcome bonus points, accelerated points, airport lounge access, and more with one type of card, while another card may have a different set of benefits. You can check the features and benefits while applying for the card.

The key difference between a credit card and a debit card is that money gets deducted from your bank account when you swipe a debit card. In the case of a credit card, the money is taken from your credit limit.

You can swipe a credit card to make a payment online or offline for almost all products and services. After you apply for a credit card and begin to use it, make sure that the amount you have borrowed or utilised is repaid within the stipulated time frame to avoid penalty charges. Your credit card details are stored securely with the issuer. To avoid fraud, don’t share your credit card information with anyone.

Choose the Bajaj Finserv RBL Bank SuperCard to get exciting offers and make shopping with the card a rewarding experience.

Types of credit cards

Bajaj Finserv has partnered with RBL Bank and DBS Bank to offer a variety of credit cards that come with the power of 4 in 1.

  • Use it as a Credit Card
  • Use it as a Debit Card
  • Use it as an EMI card
  • Use it as a Loan Card

Bajaj Finserv DBS Bank Credit Card comes in 8 variants while the Bajaj Finserv RBL Bank credit card, also known as the Baja Finserv RBL Bank SuperCard offers 19 unique variants.

What are the benefits of a credit card?

Credit card benefits may vary depending on your card provider and the variant applied for, usually, the benefits range is extensive.

Bajaj Finserv RBL Bank SuperCard benefits

It has 19 variants with a unique set of benefits. You can take these cards with the following benefits:

  • Welcome bonus
  • Easy EMI conversion
  • Interest-free cash withdrawals
  • Emergency advance
  • Rewards on spends
  • Fuel surcharge waiver
  • Cashback offers
  • Milestone benefits
  • Movie tickets and more

Bajaj Finserv DSB Bank Credit Card benefits

The card offers 9 variants to you. You can get the card for some of the sought-after benefits like:

  • Welcome cash points
  • Bajaj Health membership
  • Easy EMI conversion
  • Interest-free cash withdrawals
  • Emergency advance, accelerated rewards
  • Fuel surcharge waiver
  • Cashback offers
  • Monthly milestone benefits and discounts on subscriptions

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FAQ questions

What is the difference between a credit card and a debit card?

The basic difference between a credit card and a debit card is that you use a debit card to withdraw cash from your current or savings account. There is no credit taken in this case, hence you do not have to repay the cash withdrawn. However, a credit card involves a credit, given by the card issuer to the cardholder. You would have to repay the borrowed amount within the due date.

What are the different types of credit cards offered by Bajaj Finserv?

Bajaj Finserv has partnered with RBL Bank and DBS Bank to offer credit cards with industry-first features. Credit cards are defined on the types of benefits offered. Some of the most prominent credit cards offered by Bajaj Finserv are:

  • Rewards credit card
  • Cashback credit card
  • Fuel credit card
  • Travel credit card
  • Shopping credit card
What is a credit limit and how can I get a higher credit limit?

A credit card limit is the maximum amount that you can spend on your card. The credit limit is defined by your card provider. You can influence your card provider to offer you a higher limit by maintaining a good repayment history. It also depends on factors like your income profile and CIBIL Score.

Should I choose cashback credit cards or rewards credit cards?

You can choose either depending on your needs and the benefits offered by the card.

How to earn rewards on credit cards? How to redeem them?

The number of rewards earned on a credit card varies for each variant. Most cards offer rewards on all your spends. Additionally, some credit cards also offer welcome rewards, milestone rewards and accelerated rewards.

Does non-payment of dues attract an interest or late payment charge?

Yes, the card provider will levy a penalty for non-payment.

What is a credit card in simple words?

A credit card is a physical payment card that allows you to get credit from a financial institution. You can use the pre-approved limit to make purchases and repay the borrowed amount with an interest each month within your billing cycle.

What exactly does a credit card do?

Credit cards let you buy now and pay later. You will have to pay back what you spent without any interest by the end of the monthly billing cycle or including interest if you want to break it into EMIs. They also offer rewards points, partner offers, and more, and help build your credit score.

What is the simple definition of a credit card?

A credit card is a plastic payment card that allows the user to make purchases on credit or borrow money from a financial institution. The user is required to pay back the borrowed amount, plus interest and fees. Credit cards provide a convenient method of payment and can also offer rewards points, and complementary benefits like airport lounge access, cash back, and more. You can check the range of Bajaj Finserv co-branded credit cards to enjoy these benefits.

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