Best Credit Cards Archives - PickMyWork

Drive Smart with Axis Bank Indian Oil Credit Card

pickmywork — Fri, 15 Dec 2023 10:33:02 +0000

For those who spend a significant amount of time on the road, the Axis Bank Indian Oil Credit Card is a boon. Tailored to offer substantial savings on fuel expenses, this card combines the reliability of Axis Bank with the widespread network of Indian Oil. If you’re looking for a way to reduce your gasoline bills while earning rewards on other expenses, let’s explore what the Axis Bank Indian Oil Credit Card has in store for you.

Key Highlights of Axis Bank Indian Oil Credit Card

Feature Category	Details
Joining and Annual Fees	Rs. 500
Fuel Cashback	4% cashback on fuel purchases at Indian Oil outlets
Welcome Offer: Amazon Voucher	Rs. 500 Amazon voucher as a welcome gift
Welcome Offer: Fuel Transaction Cashback	100% cashback (up to Rs. 500) on all fuel transactions within the first 30 days of card issuance

A Closer Look at the Benefits and Features

Benefit Category	Details
Edge Rewards (Fuel Purchases)	Earn 20 Edge Rewards for every Rs. 100 spent at IOCL petrol pumps, up to Rs. 5,000 monthly
Online Spends	Accumulate 5 Edge Points for every Rs. 100 spent online
Other Purchases	Gain 1 Edge Reward Point for every Rs. 100 spent elsewhere
Movie Discounts	Enjoy a 10% discount on movie tickets booked via BookMyShow
Fuel Surcharge Waiver	Waiver on 1% fuel surcharge for transactions between Rs. 200 and Rs. 5,000

Understanding the Fees and Charges

Fee Category	Details
Joining and Annual Fee	Rs. 500 each
Interest Rate	49.36% per annum

Apply now and start your journey towards smarter savings!

Eligibility and Documentation

Criteria	Details
Age Requirement	18 to 70 years
Occupation	Open for both salaried and self-employed individuals

Essential Documents: Identity proof (Aadhaar, Voter ID), Address proof (Passport, Aadhaar), Income proof (Pay Slip, ITR).

Is this Credit Card Right for You?

This card is an excellent choice if:

You frequently refuel at Indian Oil outlets.
You are looking for rewards on your daily online and offline spends.
You want a credit card with a balanced joining and annual fee structure.

The Axis Bank Indian Oil Credit Card is an ideal pick for vehicle owners and frequent commuters. Its fuel-related benefits, coupled with rewards on other categories, make it a versatile financial tool. Not just a way to save on fuel, but an opportunity to make every journey more rewarding.

Similar Credit Cards

Credit Card Name	Features
HDFC Bharat Cashback Credit Card	5% cashback on fuel
HDFC Indian Oil Credit Card	5% value back on fuel purchase

Other Axis Bank Credit Cards

Axis Bank Magnus Credit Card	Axis Bank Privilege Credit Card
Indian Oil Axis Bank Credit Card	Axis Bank Select Credit Card
Axis Bank MY Zone Credit Card	Axis Bank Neo Credit Card
Axis Bank Vistara Credit Card	Axis Bank Vistara Infinite Credit Card
Axis Bank Samsung Signature Credit Card	Axis Bank Rewards Credit Card

Read more: https://www.pickmywork.com/credit-cards/

Apply now and start your journey towards smarter savings!

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Fuel Your Savings with HDFC Indian Oil Credit Card

pickmywork — Thu, 14 Dec 2023 11:22:25 +0000

For those who frequently hit the road, the HDFC Indian Oil Credit Card emerges as a standout choice, especially for fuel savings. This card, a result of the collaboration between HDFC Bank and Indian Oil Corporation Ltd (IOCL), offers a plethora of benefits specifically aimed at reducing your fuel expenses while providing additional rewards. Let’s dive into what makes the HDFC Indian Oil Credit Card a must-have for fuel spenders.

Key Highlights of HDFC Indian Oil Credit Card

Feature Category	Details
Annual Fee	Rs. 500 (waiver on spending Rs. 50,000 in the previous year)
Fuel Benefits	Up to 50 liters of free fuel annually
Fuel Points	Earn 5% back as ‘Fuel Points’ on fuel spends at Indian Oil outlets – Get up to 250 gasoline points in the first 6 months
Grocery and Bill Payments	Earn up to 100 gasoline points every month – Earn 1 gasoline point for every Rs. 150 spent on other purchases
Renewal Benefits	Annual fee waiver on spends over Rs. 50,000
Fuel Surcharge Waiver	1% surcharge waiver on fuel transactions

Why opt for HDFC Indian Oil Credit Card?

Fuel Point Accrual: The card offers accelerated Fuel Points on spends at Indian Oil outlets, grocery stores, and on bill payments.
Versatile Rewards: Apart from fuel, earn points on other categories, enhancing the overall utility of the card.
Complimentary Membership: Enjoy the Indian Oil XTRAREWARDSTM Program membership.
Renewal Fee Waiver: The annual fee gets waived off on reasonable yearly spending.

Eligibility Criteria and Documentation

Applicant Type	Age Range	Income Requirement
Salaried	21-60 years	Minimum Rs. 10,000 per month
Self-Employed	21-65 years	Rs. 6 lakh per annum"}">ITR > Rs. 6 lakh per annum

Documentation Required: ID proof, address proof, income proof (PAN card, Form 16, IT Returns)

Apply today and start fueling your savings journey!

Who Should opt for this Card?

This card is ideal for you if:

You frequently refuel at Indian Oil outlets.
You want to earn rewards on your grocery and bill payments.
You are looking for a card with a reasonable annual fee and good fuel-related benefits.

The HDFC Indian Oil Credit Card is a boon for vehicle owners and frequent travelers. With benefits extending beyond just fuel transactions, it stands as a versatile credit card choice. If your lifestyle involves considerable spending on fuel, groceries, and bill payments, this card can offer substantial annual savings.

Similar Credit Cards

Credit Card Name	Features
HDFC Bharat Cashback Credit Card	5% cashback on fuel
Indian Oil Axis Bank Credit Card	4% value back on fuel purchase

Other HDFC Bank Credit Cards

HDFC Diners Black	HDFC Tata Neu Infinity
HDFC Diners Privilege	HDFC Bharat
HDFC Millenia	HDFC Regalia
HDFC Business Moneyback	HDFC Shoppers Stop Black
HDFC Indian Oil	HDFC Tata Neu Plus
HDFC Freedom	HDFC Moneyback Plus

Apply today and start fueling your savings journey!

The post Fuel Your Savings with HDFC Indian Oil Credit Card appeared first on PickMyWork.

Maximize Your Savings with HDFC MoneyBack Credit Card

pickmywork — Thu, 14 Dec 2023 06:51:09 +0000

In the world of credit cards, the HDFC MoneyBack Credit Card stands out as a popular choice, especially for those new to credit and frequent online shoppers. Offering a blend of cashback and rewards, this card is tailored to maximize your returns on everyday spending. Here’s a closer look at what makes the HDFC MoneyBack Credit Card a smart choice for your wallet.

Key Highlights of HDFC MoneyBack Credit Card

Category	Details
Earn Rewards	2 reward points per Rs. 150 spent; 4 points for online expenditures
Quarterly Bonuses	Gift vouchers worth Rs. 500 every quarter on spending Rs. 50,000; up to Rs. 2,000 yearly
Joining and Annual Fee	Rs. 500 + taxes
Renewal Waiver	Spend Rs. 50,000 in the first year for renewal fee waiver

Features That Make a Difference

Benefit Category	Details
Welcome Benefit	Earn 500 Cash Points as a welcome bonus upon paying the membership fee.
Annual Spend-Based Benefits	Spend Rs. 50,000 per calendar quarter and earn Rs. 500 worth of gift vouchers.
Fuel Surcharge Waiver	1% fuel surcharge waiver for transactions between Rs. 400 and Rs. 5,000 (max waiver Rs. 250 per statement cycle).

Apply now and start reaping the benefits of every swipe!

Additional Perks

Zero Lost Card Liability: Report your lost card immediately to avoid fraudulent charges.
Exclusive Dining Privileges: Save up to 20% on restaurant bills through the Swiggy Dineout program.
Smart EMI: Convert big spends into easy EMIs post-purchase.

Eligibility and Application Process

Criteria	Salaried Individuals	Self-Employed Individuals
Age and Income	21-60 years, earning Rs. 25,000 per month	21-65 years, annual income of Rs. 6 lakhs
Documentation Required	National ID card, proof of address, PAN card, Form 16, IT returns	National ID card, proof of address, PAN card, Form 16, IT returns

Why Choose HDFC MoneyBack Credit Card?

Enhanced Online Rewards: If you’re a regular online shopper, this card offers increased rewards for your digital purchases.
Balanced Fees vs. Benefits: The benefits and cashback outweigh the nominal annual fee, making it a cost-effective option.
Gift Vouchers: The quarterly spend-based gift vouchers add a bonus to your regular spending.
Easy Eligibility: Ideal for those new to credit, with straightforward eligibility criteria.

A Smart Choice for Everyday Spends

Whether you’re starting your credit journey or looking to maximize returns on daily expenses, the HDFC MoneyBack Credit Card is a reliable choice. With its focus on rewarding online purchases, fuel savings, and the potential to earn gift vouchers, this card aligns well with the lifestyle and spending patterns of modern consumers.

Other HDFC Bank Credit Cards

HDFC Diners Black	HDFC Tata Neu Infinity
HDFC Diners Privilege	HDFC Bharat
HDFC Millenia	HDFC Regalia
HDFC Business Moneyback	HDFC Shoppers Stop Black
HDFC Indian Oil	HDFC Tata Neu Plus
HDFC Freedom	HDFC Moneyback Plus

Apply now and start reaping the benefits of every swipe!

The post Maximize Your Savings with HDFC MoneyBack Credit Card appeared first on PickMyWork.

Travel More, Save More: The StanC EaseMyTrip Credit Card

pickmywork — Wed, 13 Dec 2023 11:04:13 +0000

Are you a travel enthusiast constantly seeking your next adventure? Or perhaps a savvy traveller who values maximizing every journey’s worth? The Standard Chartered EaseMyTrip Credit Card is here to make your travel experiences more rewarding. This card is a boon for avid explorers. It offers savings and exclusive travel perks without compromising on the joy of discovery.

Why Opt for the Standard Chartered EaseMyTrip Credit Card?

Tailored for the Avid Traveler

The card is specifically designed for travel enthusiasts, offering significant savings on flights and hotel bookings. With instant discounts on travel bookings via EaseMyTrip, it stands out from other travel cards in the market.

Feature Category	Details
Joining Fee	Rs. 350 + GST
Annual Fee	Rs. 350 + GST (reversible with an annual spend of Rs. 50,000)
Hotel Bookings	20% instant discount on domestic and international bookings
Flight Bookings	10% instant discount on domestic and international flight bookings
Additional Offers	Discounts on bus ticket bookings and more

Apply now and start saving on your travel escapades!

Exclusive Travel Perks

Benefit Category	Details
Lounge Access	Complimentary domestic lounge visits and international lounge access through Priority Pass
Rewards on Travel Spends	Accelerated rewards on standalone airline/hotel websites or apps
Additional Benefits	Balance transfer, loan on credit card, EMI conversion, and add-on credit cards as Standard Chartered privileges

Eligibility and Application

Criteria	Details
Age	18 – 70 years
Income Requirements	Accessible for both salaried and self-employed individuals

Why You Should Consider This Card?

Whether it’s a spontaneous weekend getaway or a well-planned international trip, this card ensures you save on every step of your journey. Its competitive annual fee, coupled with the absence of a minimum transaction limit for availing discounts, makes it an attractive option for all types of travelers.

So, are you ready to pack your bags and embark on your next adventure with the Standard Chartered EaseMyTrip Credit Card in your wallet?

Similar Credit Cards

Credit Card Name	Characteristics
HDFC Indigo Rewards XL	Discounts on Flights & Hotels
HDFC Regalia	Travel booking with points
Axis Bank Vistara Signature	Get up to 4 Free Premium Economy Tickets
HDFC Bank Diners Club Privilege	Travel booking with points

Apply now and start saving on your travel escapades!

Best Credit Cards of 2023

The post Travel More, Save More: The StanC EaseMyTrip Credit Card appeared first on PickMyWork.

Discover Endless Cashback with Flipkart Axis Bank Credit Card

pickmywork — Tue, 12 Dec 2023 10:26:55 +0000

Welcome to a world of seamless shopping and unbeatable cashback! The Flipkart Axis Bank Credit Card is a game-changer in the realm of credit cards, especially for those who love shopping online. This card not only brings you fantastic benefits on Flipkart and its partner websites but also elevates your overall spending experience with its wide array of perks.

Why the Flipkart Axis Bank Credit Card Stands Out…

Unmatched Cashback Offers

Spend Category	Cashback Offer
Flipkart and Myntra	Enjoy 5% cashback on all purchases
Preferred Partners	Get 4% cashback with Swiggy, Uber, PVR, and Cure.fit
Other Spends	Benefit from 1.5% cashback on all other transactions

A Welcome Like No Other

Receive a total welcome bonus of Rs. 1,100 spread across Flipkart, Swiggy, and Myntra upon activation.

Key Features that Make a Difference

Benefits Feature	Details
Complimentary Lounge Access	4 free visits per year to domestic airport lounges.
Fuel Surcharge Waiver	1% waiver on fuel transactions.
No Cashback Caps	Enjoy cashback benefits without any upper limit.

Apply today and step into a world of endless cashback and rewards!

Charges and Fees: Keeping It Simple

Fee Type	Amount
Nominal Fee	Rs. 500

Interest Rates and Late Payment Charges: Reasonably structured to ensure affordability.

Who Can Apply?

Criteria	Salaried Individuals	Self-Employed Individuals
Age Range	18 to 70 years	18 to 70 years
Income Requirements	Rs. 15,000 per month	Rs. 30,000 per month

Know more here.

A Card That Adds More to Your Shopping

The Flipkart Axis Bank Credit Card is not just a credit card; it’s a tool that enhances your shopping experience. Whether you’re booking a ride with Uber, ordering dinner from Swiggy, or indulging in a shopping spree on Flipkart, this card ensures you get more out of every transaction.

Similar Credit Cards

Credit Card Name	Feature
Axis Bank Samsung Signature	Get 10% cashback* on your spending across Samsung Products and Services
HDFC Shoppers Stop Black	Earn 20 First Citizen Points for every Rs 150 spent on Shoppers Stop Private label brands
HDFC Millennia Credit Card	5% cashback on some purchases, 2.5% on online transactions, 1% on offline payments, and 1% on wallet reloads.
HDFC Freedom	10X CashPoints on your favorite merchants – Big Basket, BookMyshow, OYO, Swiggy & Uber
HDFC Moneyback Plus	5X CashPoints on EMI spends at merchant locations

Other Axis Bank Credit Cards

Axis Bank Magnus Credit Card	Axis Bank Privilege Credit Card
Indian Oil Axis Bank Credit Card	Axis Bank Select Credit Card
Axis Bank MY Zone Credit Card	Axis Bank Neo Credit Card
Axis Bank Vistara Credit Card	Axis Bank Vistara Infinite Credit Card
Axis Bank Samsung Signature Credit Card	Axis Bank Rewards Credit Card

Apply today and step into a world of endless cashback and rewards!

The post Discover Endless Cashback with Flipkart Axis Bank Credit Card appeared first on PickMyWork.

HDFC Tata Neu Credit Card: Unlock a World of Rewards

pickmywork — Mon, 11 Dec 2023 10:21:05 +0000

In an exciting collaboration, HDFC Bank and Tata Neu bring you the HDFC Tata Neu Credit Card (Tata Neu Plus), transforming everyday spending into a rewarding experience. Available in two variants – Tata Neu Infinity and Tata Neu Plus – this credit card is easily accessible through the Tata Neu app, catering to the diverse needs of modern consumers.

Why Choose the HDFC Tata Neu Credit Card (Tata Neu Plus)?

Benefit Category	Details
Welcome Bonus	Receive 499 NeuCoins on the first transaction within 30 days of card issuance
Renewal Benefit	Renewal fee waived off for spending Rs. 1 lakh before the card’s renewal date
Earning NeuCoins	Earn 2% back in NeuCoins on non-EMI spends at Tata brands, 1% on non-Tata and EMI spends
Online Transaction Rewards	Additional 5% NeuCoins on spends via the Tata Neu website/app
UPI Spend Rewards	Earn 1% back in NeuCoins on UPI spends, up to 500 NeuCoins per month
Complimentary Lounge Access	4 free domestic lounge visits per year (1 every quarter)
Contactless Payment	Feature available for fast, secure transactions
Fuel Surcharge Waiver	1% fuel surcharge waiver on transactions between Rs.400 and Rs.5,000, max waiver of Rs.250 per cycle
Interest-Free Credit	Up to 50 days interest-free period on credit
Security Features	Zero liability on lost card if reported within 24 hours

Eligibility Criteria: Who Can Apply?

Category	Age Criteria	Income
Salaried Employees	21 years – 60 years	More than Rs.25,000 per month
Self-Employed Individuals	21 years – 65 years	More than Rs.6 lakh per year

Apply now and embark on a journey of exclusive benefits and endless rewards!

Fees and Charges: What to Expect

Fee Type	Amount	Conditions/Details
Joining Fee	₹499 plus taxes	–
Renewal Fee	₹499 plus taxes	Waivable on annual spending over Rs.1 lakh

Redeeming Your NeuCoins: A World of Possibilities

Redemption Category	Brands for NeuCoins Usage
Food and Dining	Qmin
Healthcare	TATA 1MG
Travel	AirAsia India, Hotel purchases/bookings on IHCL
Luxury Shopping	TATA CLiQ Luxury
Fashion	Westside
Electronics	Croma
Online Retail	TATA CLiQ, Bigbasket

NeuCoins Validity

NeuCoins expire 365 days following your last transaction, with additional NeuCoins available through special promotions.

The Tata Neu Plus HDFC Bank Credit Card is more than just a payment tool; it’s a lifestyle enhancer. Whether you’re shopping at Croma, booking a stay with IHCL, or ordering groceries from Bigbasket, this card ensures that every transaction is rewarding.

Other HDFC Bank Credit Cards

HDFC Diners Black	HDFC Tata Neu Infinity
HDFC Diners Privilege	HDFC Bharat
HDFC Millenia	HDFC Regalia
HDFC Business Moneyback	HDFC Shoppers Stop Black
HDFC Indian Oil	HDFC Tata Neu Plus
HDFC Freedom	HDFC Moneyback Plus

Apply now and embark on a journey of exclusive benefits and endless rewards!

The post HDFC Tata Neu Credit Card: Unlock a World of Rewards appeared first on PickMyWork.

Unveiling the Swiggy HDFC Bank Credit Card

pickmywork — Mon, 11 Dec 2023 07:11:08 +0000

Welcome to a new era of convenience and rewards! HDFC Bank has partnered with Swiggy, India’s leading online food ordering and delivery platform. Together, they have introduced the Swiggy HDFC Bank Credit Card. This innovative offering is designed to elevate your online shopping and dining experiences. The card ensures that every transaction is not just a purchase but a step towards incredible rewards.

Key Highlights of Swiggy HDFC Bank Credit Card
Joining Fee / Renewal Membership Fee	₹500 + Applicable Charges
Spend for Renewal Fee Waiver	Spend ₹2,00,000 or more in a year to get the renewal fee waived off
Exclusions for Renewal Fee Waiver	– Cash on Call – Balance Transfer – Cash Withdrawal

What Makes the Swiggy HDFC Bank Credit Card Special?

Tailored for the Modern Shopper and Foodie! The Swiggy HDFC Bank Credit Card is the first of its kind from Swiggy. Tailored to the needs of the modern consumer. Whether you’re ordering a meal, shopping online, or managing your daily expenses, this card enhances each activity. Every transaction made with the card turns into a rewarding experience.

Unmatched Cashback Offers

Category	Your Exclusive Card Benefits
Swiggy Purchases	Earn 10% cashback on all orders via Swiggy, including food delivery, Instamart, Dineout, and Genie services
E-commerce Platforms	Enjoy 5% cashback on Amazon, Flipkart, Myntra, and others
Other Spends	Receive 1% cashback on all other expenditures
Complimentary Swiggy One Membership	Get a free 3-month subscription to Swiggy One

Exclusive Mastercard World Tier Benefits

Experience the luxury of premium perks, including complimentary stays, dining privileges, and more, enhancing your overall card usage experience.

Why Choose the Swiggy HDFC Bank Credit Card?

Feature Category	Description
Convenience	Redeem cashback as Swiggy Money for future orders on Swiggy
Security	Zero liability on lost cards and up to 50 days of interest-free credit
How to Acquire the Card?	Apply on PickMyWork and get an Amazon voucher worth INR 1000

Apply for your Swiggy HDFC Bank Credit Card today

Eligibility and Activation

Customer Type	Age Requirement	Income Requirement
Salaried Indian national	Min 21 years & Max 60 Years	₹25,000"}">Net Monthly Income > ₹25,000
Self Employed Indian national	Min 21 years & Max 65 Years	Rs 6 Lakhs per annum"}">ITR > Rs 6 Lakhs per annum

Similar Credit Cards

Credit Card Name	Characteristics
EazyDiner Induslnd Credit Card	Instant 25% up to Rs.1000 OFF on the EazyDiner app
HDFC Diners Privilege	Complimentary annual memberships of Swiggy One as a welcome benefit

Other HDFC Bank Credit Cards

HDFC Diners Black	HDFC Tata Neu Infinity
HDFC Diners Privilege	HDFC Bharat
HDFC Millenia	HDFC Regalia
HDFC Business Moneyback	HDFC Shoppers Stop Black
HDFC Indian Oil	HDFC Tata Neu Plus
HDFC Freedom	HDFC Moneyback Plus

Are you ready to start a journey of rewards and indulgence?

Apply for your Swiggy HDFC Bank Credit Card today

The post Unveiling the Swiggy HDFC Bank Credit Card appeared first on PickMyWork.

Fly High with HDFC Travel Credit Card (Indigo Rewards XL)

pickmywork — Mon, 11 Dec 2023 04:08:24 +0000

Ready to turn your frequent flights into a festival of rewards? Buckle up as we introduce you to the HDFC Travel Credit Card (Indigo Rewards XL) – a card that doesn’t just travel in your wallet, but takes your travel experience to new heights!

Key Highlights of 6E Rewards XL IndiGo HDFC Bank Credit Card
Best Suited for	Travel
Joining Fee	Rs. 1,500 + Taxes
Renewal Fee	Rs. 1,500 + Taxes
Minimum Income Requirement	Rs. 14.4 lakh p.a."}">Salaried: Rs. 1,20,000 p.m. Self-employed: ITR>Rs. 14.4 lakh p.a.
Best Feature	5% 6E Reward Points per Rs. 100 spent on the IndiGo website or mobile app

A Rewarding Journey Awaits

Benefits and Privileges	Your Rewards Card Details
Welcome Privileges	Earn 5% 6E Rewards on every IndiGo flight booked via IndiGo’s website or app
Ongoing Benefits	Dining, Entertainment, Groceries: Earn 3% back in 6E Rewards
All Other Spends	Earn 2% back in 6E Rewards on all other spends

Are you ready for takeoff? Click here to Apply

Welcome Aboard with HDFC Travel Credit Card Benefits

The journey starts with a bang – a complimentary flight ticket worth Rs. 3000, and a 6E Prime Add-On including priority check-in, choice of seat, and a complimentary meal. It’s like being welcomed with a red carpet every time you fly.

Lounge in Luxury

Waiting for your flight will always be exciting again. Enjoy 8 free domestic lounge visits per year, making your pre-flight experience as relaxing as it gets.

Fly Smarter, Save More

Book your IndiGo flights with a reduced convenience fee of just Rs. 150 per passenger, making your travels both luxurious and economical.

Bid Farewell to Fuel Surcharge

Drive to the airport, fuel up, and forget about the extra charges. This card offers a complete waiver on fuel surcharges for transactions above Rs. 400.

Eligibility and Documentation

Income Runway: Salaried? Show a monthly income of Rs. 1,20,000. Running your show? An ITR over Rs. 14.4 lakh is your ticket.

Paperwork

Usual suspects like ID, address proof, and income evidence.

Why should you apply for this card?

If IndiGo is your travelling choice, this card is a no-brainer. It’s like having a travel buddy that showers you with gifts and perks. But, if your airline loyalty varies or you want a more global flavour in travel benefits, you might want to scan the horizon for other options.

Are you ready for takeoff? Click here to Apply

Similar Credit Cards

Credit Card Name	Characteristics
Standard Chartered EaseMyTrip	Discounts on Flights & Hotels
HDFC Regalia	Travel booking with points
Axis Bank Vistara Signature	Get up to 4 Free Premium Economy Tickets
HDFC Bank Diners Club Privilege	Travel booking with points

Other HDFC Bank Credit Cards

HDFC Diners Black	HDFC Tata Neu Infinity
HDFC Diners Privilege	HDFC Bharat
HDFC Millenia	HDFC Regalia
HDFC Business Moneyback	HDFC Shoppers Stop Black
HDFC Indian Oil	HDFC Tata Neu Plus
HDFC Freedom	HDFC Moneyback Plus

Are you ready for takeoff? Click here to Apply

Best Credit Cards of 2023

The post Fly High with HDFC Travel Credit Card (Indigo Rewards XL) appeared first on PickMyWork.

Swipe Right on Correct Credit Card Utilization

pickmywork — Thu, 11 May 2023 11:33:05 +0000

Psst! Your credit card utilization is always under the watchful eyes of banks. They calculate your credit score using the credit utilisation ratio—it’s like a fashion statement for your finances. Divide your total credit expenditure by available credit, strike a low percentage, and watch those financial institutions swoon. Stay tuned as we spill the beans on how it’s all calculated and why keeping it low is oh-so-important.

Demystifying Revolving Credit:

Think of revolving credit like a flexible friend. It’s the credit you get from your credit cards, with no fixed repayment date. Each month, you have two choices: pay it all back or pay some and borrow the rest. Your credit limit is the maximum amount you can borrow. Just remember, the more you use, the higher your credit utilization ratio gets. So, keep it in check to keep your financial life balanced.

The High-key Wonders of Low-key Credit Card Utilization:

Picture this: you possess a shiny credit card with a generous monthly limit of INR 1,00,000. Ah, the possibilities! But wait, did you know that using only INR 50,000 of that credit signifies you’re a financial wizard? Yes, my friend, you’re rockin’ that 50% utilization rate like a boss.

You’re a Master of Your Finances: By keeping your credit utilization low, you’re sending a message loud and clear: you’re in control. It shows that you’re not relying heavily on credit, but rather managing your expenses wisely. You’ve got your financial game face on, and the banks appreciate that.

The real superhero in this story: your credit score. It’s like the cape-wearing guardian that determines your eligibility for future loans and financial opportunities.

Maintaining low debts on your credit cards is the key to leveling up your credit score. As you keep that credit utilization rate low, your score gradually climbs the ladder to greatness. It’s like unlocking achievements in a video game, but with real-life rewards.

Imagine striding into a bank, your credit score shining like a sword of financial destiny. With a low credit utilization rate, you’ve proven your trustworthiness and fiscal prowess. Lenders will see you as a worthy candidate for loans, mortgages, and other financial blessings. Who needs a fairy godmother when you’ve got low credit utilization?

https://www.pickmywork.com/credit-card/

How is Credit Card Utilization Rate Calculated?

The calculation of the credit utilization rate starts with the sum of all existing credit sources. For instance, assume Person A has three accounts with the following balances:

The first step for calculating the credit utilization ratio is adding up the total revolving credit available. In this case, the amount comes up to ₹1,80,000. Next is the total debt incurred from all these credit sources, which amounts to ₹75,000.

Credit card utilization ratio = The total credit used/Total revolving credit available.

Using this formula, the total credit utilization ratio for Person A is approximately 42%. However, it is recommended to maintain a rate of 30% or lower every month to increase your credit score.

Summing Up:

Your credit card utilization ratio summarizes your spending habits to credit lending organizations. It is vital to maintain a respectable score through timely payments of credit card payments and avoiding the build-up of surplus debt.

Click here to know more about really cool and convenient credit cards on PickMyWork.

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