Choose the right Credit Card

Credit card is one financial product if handles properly then definitely you will admire it the most. It is a good alternative to make payments when you are short of cash.
But choosing a right card could be quite a challenge. There is a wide range of choice that is available in the market like Standard, Premium, Silver, Gold, Platinum, Titanium etc. You just need to play it smart -- rather than falling prey to the spiel, walk the extra mile and choose the one you want. You need to pick the right card; there are different types of credit cards stack up on interest rate and other features.
The important factors that decide whether you will get a credit card are your residence and your profession. If you reside in a locality that is blacklisted (on grounds of poor credit history) by the card-issuing bank, chances of your getting a card are less.
Banks are also hesitant in issuing credit cards to individuals in certain professions. Also, if you have been servicing other lines of credit, the bank will take a look at your credit history. Lastly, the credit limit the bank gives you is, in most cases, a function of your profile.
A basic question that you need to ask yourself is why exactly you need a card. Before you apply for credit card you should have a look at the below mentioned Credit Card Offers.
A) High fuel consumption: - In case you travel a lot through your vehicle then a card, that offers no surcharge in petrol purchase will be a good card to go for. Most commonly Titanium cards offer no surcharge while purchasing petrol. In case you are not eligible for a Titanium card, the next option should be a Gold card.
In different cards the surcharges are wavered at a particular range like from Rs.400 to Rs.4, 000. It means if you purchase fuel less than Rs.400 then there won’t be any waver in surcharge and if the transaction is more than Rs.4000 then again there won’t be any waver.
Few example of credit cards that offer no surcharge are Citibank Indian Oil Credit Card, ICICI Bank, ICICI Bank HPCL Gold Credit Card,
B) Traveling through Air: - In case you travel through flights then you should go with a card that offers discounts while traveling. A card like Platinum is one of the examples of credit card that offers special discounts to there card holders.
Few banks that offer travel discounts on there credit card are Abnamro Bank’s -Smart Miles Titanium Credit Card, ICICI Bank-British Airways American
Express® Credit Card, Singapore Airlines
VISA Platinum Credit Card, Citibank-Jet Airways Platinum credit card and many more.
C) For Shopping:- If you are a shopaholic then, your choice of card should be in such a way that you get the maximum out of your shopping, may be in a form of cash back, reward points or gift voucher. While shopping through your credit card you can actually earn, it’s just that you should be aware of the offers available on your credit card.
Few banks that offer shopping discounts on credit card are Citibank- Cash Reward credit card, HDFC Bank- Women credit card, Axis Bank-Gold & Platinum credit card and many more.
Beside above factors you also need to check the charges taken at the time of late fee, revolving the payment and etc.
Remember, once you have started using a credit card; make every effort to pay the total amount due in full before the due date of payment. Delay in making regular payments not only affects your credit history; it also does not let you make use of the free credit days' facility.