How to Get a online Credit Card

The system in which we perform our banking and financial transactions have forever been changed, thanks to the internet. Now we can apply for financial services and shop from the comfort of our own home due to credit cards and fast home broadband speeds. Most of the companies are now starting their own websites through which you can avail of products at a cheaper price. If you want to shop online then you will need to know how to get a credit card.

The best way to apply for credit card is to go online. A quick search is likely to push up many websites that offer credit cards. There is no longer any need to physically attend a bank and be interviewed. All you have to do us find a website that can handle the process online.

By comparing the various options you will be able to choose a credit card that suits your income and expenditure. It is important to browse as many sites as possible as the type of deals on offer may vary widely. There can even be special Credit Card offers available that offer better interest rates or other features.

To apply you will need to give various section of personal information. Try to collect all of this together before you start to fill out the form as otherwise the webpage may continuously reset itself. Make sure that the information you give is correct to the best of your knowledge.

The length of time that it takes for your application to be processed will depend upon the lender. They will evaluate your private data as well as the information contained in your credit report before approving your application.

Smart way to use Credit Card

The year ending always come with high expenditures, whether you want to buy new clothes for New Year party, new furniture for your home or anything else. And if you are among those who use your credit card frequently, you would be well to steer clear of following pitfalls.
1) Read the fine prints: Mostly people are not aware of the rate of interest, charges, and offers available on their credit card. Lack of knowledge & awareness about the products results in miss usage of credit card.
2) Minimum amount due: The credit card users are in impression that paying minimum due amount every month will reduce their outstanding amount. Whereas, it actually pushes one into a debt trap. The card issuer considers the remaining balance to be overdue and charges a heavy interest, which could vary from 42-49% per annum. Given this, the debt burden is unlikely to be eased by paying the minimum amount due.
3) Pending disputes: Whenever a dispute arise against our credit card, the credit card issuer follow us through phone calls or by text message, but we simple ignore them and as a result at the time of payment late payment fees and other penalty charges are due on us.
4) Drawing cash from credit card: With your credit card you can withdraw cash through ATM but it is not advisable, as the interest charged on it is quite high. There is a misconception that the interest on the amount withdrawal will be charged after 45 days but very few knows this that the interest will be charged from the same day.
5) Overdrawing credit limit: Keep a check on the credit limit of your credit card. Using your credit card above your credit limit will result in huge charges.
So, to enjoy festive in a happy mood do remember the above pointers.
Click here for apply credit cards

Credit card industry breathes easy

Tighter norms, better economy reduce credit card non-performing assets.
SBI Cards, one of the four largest credit card issuers in the country, saw its non-performing assets (NPAs) fall to 9.77 per cent of total assets as on September 30, against 10.5 per cent at the same time last year. At the peak of the downturn, its NPAs were as high as 16.28 per cent.
The lender has also managed to put a lid on losses, which fell to Rs 91 crore at the end of the September quarter, from Rs 96 crore in the first half of 2008-09, according to a release by Crisil.
“We are definitely in a much healthier shape now and our delinquencies are lower than the industry average. More important, our default rates on new cards are very low,” said a senior executive of SBI Cards. “We only have to ramp up our card base. Already, we are issuing 50 per cent more cards per month now than we were in April.”
SBI Cards is among the many issuers reaping the benefits of tightening credit norms and an improving economic environment. This sets the stage for a revival of the industry and a pick-up in card issuances in coming months, observers say.
Others are also upbeat. “There are signs the market may improve in the coming few quarters. Our NPAs have been well under control and we see the trend continuing,” said RL Prasad, head of credit cards at Standard Chartered Bank.
“For the industry, issuances are likely to pick up six to nine months from now once we see sustainable improvement,” he added. StanChart has 1.3 million credit cards in circulation at the moment.
A spokesperson for ICICI Bank, which has the largest credit card base in the country, said, “We are witnessing encouraging results in our credit card portfolio performance,” but declined to share specific numbers. At its peak, it had more than nine million cards in circulation; it currently has a base of 5.2 million.
Questionnaires sent to HSBC and Citibank, among the top five players in the market, weren’t answered.
One of the lessons banks have learnt from the downturn is that existing savings account customers are a much safer customer class.
HDFC Bank, the largest issuer of new cards in the country, has made it a policy to issue 85 per cent new cards to its existing customers. This allowed it to keep up new issuances when other players were whittling their credit card base.
According to sources, HDFC Bank is issuing 70,000-80,000 new credit cards per month and has recently tightened credit norms. It has about 4.7 million credit cards in circulation.
Bankers say the market has also shifted towards the high-end, which is less susceptible to delinquencies. “Our focus for the last three years has been the premium segment and losses from this segment are significantly less than from other segments,” said StanChart’s Prasad.
While the pool of premium customers is much smaller than the mass segment, high-end customers make up by spending more. “I would prefer to have 5,000 high-end customers rather than 20,000 premium segment customers,” said the credit cards head of a large foreign bank.
Apart from being a more secure credit category, high-end categories such as Platinum cards also earn banks a higher interchange fee from merchants every time a customer swipes his or her card at a terminal.
With Platinum cards, issuers earn a 1.75 per cent interchange on the transaction amount, whereas with Gold cards, the interchange is just 1.25 per cent.
Click here to Apply Credit Card, Barclays credit card and Kotak Mahindra Credit Card.

The rising popularity of Credit Cards

India, the developing economy, is witnessing a new revolution every fortnight. Yes, fortnight might sound like an exaggeration, but you would have understood that we have used it to indicate the concurrent set of changes entering this era.
The economy is booming and purchasing power is increasing by leaps and bounds. It is the age of malls, shopping complexes, multiplexes, buying cars, expensive watches, owning a house and most importantly flashing a string of "Credit Cards". Some like to flaunt it, some misuse it, some underutilize it and some benefit from it. Ultimately, we all love to own credit cards.


Need Driven
 
"Credit card is the trend of today." We hear this statement from lot of people. But if you sit back and think, you will understand that the increasing trend to use credit cards in India is more need driven rather than just being a fashion statement. India is on a continuous move towards new advancements. People have become more mobile and it is becoming riskier to carry cash every day. On the other hand, inflation has added to the expenses. So, to bridge the gap between the purchases and inability to carry cash, the modern Indian generation is opting to use credit cards.
Safe Sides

It is not just about the comfort of carrying a plastic rectangular card in pocket, but it is also about the simple mode of payment. Using credit cards is also lot safer than carrying large amounts of cash. If you are one of the top executives in a company and travel a lot by flights, stay in good hotels, the payment by credit card is a wiser step. Paying by your credit card can help you present the bill as well as the copy of credit card statement for reimbursements in the company. Credit cards have become a convenience to the travelers and business people.
Credit cards also help you in planning things. For example, you want to gift a washing machine to your wife but do not carry enough balance, credit cards enable you to purchase it right now and plan your EMIs. This lessens the pressure, gives you more scope of making plans and also helps you gain many of your favorite products the moment you want them.

Figure out the figures

Statistics show that there were about 22 million credit cards in India in January 2007. The number of credit cards has more than doubled in past three years. This increase can be attributed to the increasing consumerism in India, which is further expected to boost owing to the intensifying competition between credit card companies and more lucrative offers in the market each day. Moreover, apart from issuing of credit cards, the credit card transactions have also doubled from the FY 2003-4 to 2005-6. The current growth in the credit card industry is estimated to be around 28 percent, which is further predicted to be on an increase. Moreover, the industry experts believe the increase in the transactions should be around 20 percent each year.

As you see these figures, you can easily predict the growing popularity of credit card. The introduction of credit card facilities to pay for mobile, electricity, movie tickets and other related transactions have also contributed to the growth of plastic money in the country. Today, the payment structures are getting easier. In an aim to overpower the peers and to sustain and prosper themselves, the Banks and financial institutions have started cutting down the interest rates and offering lucrative deals. The competition in industry has further fuelled the usage of credit cards in India. The banks are cutting down on interest rates and over head charges owing to the increasing competition. All this will certainly add up to this growth of credit card industry, and if you move in the sensible direction with sensible handling of cards, this growth is for good.

Check credit card Eligibility and Apply credit card and Choose the best.

Citibank introduces ‘Citi Titanium Cash Rewards Credit Card’

Citibank, one of the largest full service banks in the world offering an unparalleled range of products and services, has announced the launch of the Citi Titanium Cash Rewards Credit Card in the country.

The lender claims that with the power of cash back and the flexibility of rewards rolled into one, the card offers 5 times rewards on all weekend spends, multiple reward redemption options and the lowest interest rates in the category at 2.5% per month.
Apart from above features, the card will offer 0% fuel surcharge at Indian Oil petrol pumps and discounts on retail, dining and lifestyle through the MasterCard exclusive program.

The card will carry a fee of Rs.750 per annum.
However, Citibank has decided to offer this credit card to customers at an annual fee of Rs.500, and 200 reward points on first usage of the card under its special limited introductory time-period offer.

Click for Apply credit Cards and More Information regarding to Credit cards visit www.deal4loans.com

Barclays launches Platinum credit card in India

Barclays Global Retail and Commercial Bank (GRCB) India introduced a Platinum Credit Card with added offerings across travel, hospitality, world class brands, adventure sports as well as a rewards programme.
Privileged cardholders will get more as they spend at every step which is an unmatched proposition both in terms of benefits and experience for these customers.

Speaking about the new offering, Ram Gopal, Interim Managing Director, India, Barclays GRCB said, ‘‘Globally, our Barclaycard Platinum offering has attracted customers who enjoy the finest things in life. We expect this to be true in India as well. "

The card presents a number of ‘Platinum Privileges Welcome’ offerings. Starting with a classic Emporio Armani watch and cufflinks. There are a host of offerings like complimentary golf packages at two renowned golf courses in India and six golf courses internationally and access to golf courses at attractive rates for both avid golfers and aspirants."

Click for Apply credit Cards and More Information regarding to Credit cards visit www.deal4loans.com

Preventing Credit Card Frauds!!!

To make sure that there are no frauds on Credit cards, Rbi has issued some guidelines for online usage and made it mandatory for Credit card companies to follow the rules from 1st Aug 2009.
This is a very positive step to prevent Credit Card frauds and will increase the customers trust on spending online in the long term.

Lets now understand what changes Rbi guidelines has brought in online Credit Card payments mechanism.
Till 31st July, online shopping required 16 digit card number and the cvv number which is printed on Credit Card.
To steal someone else Credit Card number and the Cvv, was quiet easy as Credit card are handed over in restaurants, petrol pumps, malls etc and the Credit Card number and cvv number can be noted down by anyone down and later used to do a fraudulent Credit Cards purchase.

The new system makes sure that a customer registers himself with his Credit cards at the Banks website and creates a password for himself. Now when he makes any purchase, the online transaction company will ask for that password after you have put your Credit Card number and the cvv number. Thus the extra password helps in securing your transaction and thus making your Credit Card more secure. With this the chances of any frauds on your Credit Card reduces down.

So, Go get yourself the new password and fell safe while shopping online.

For Apply Credit Cards and More Information on Credit card Visit: - www.deal4loans.com