Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card is one of the best cashback credit cards in India. Users will get up to 5% cashback on Flipkart, Myntra and other partner websites and 1.5% flat cashback on all other spending. This is the second-highest flat cashback rate in the market after Axis Bank Ace Card which offers 2% cashback. Being a co-branded card, the best benefits of the Flipkart credit card are inclined towards Flipkart and its partner merchants. Read on to find out whether this card would be the best pick for you.

Benefits:

1. Welcome Benefits:

• Get Rs.3,300 worth of joining benefits and activation benefits with the Axis Bank Flipkart credit card.

• Avail a voucher of Rs.500 from Flipkart on your first transaction.

• Complimentary 6-month membership on Gaana.com with your credit card.

• With your credit card get a discount of Rs.500 on Goibibo on your domestic hotel bookings for a minimum booking of Rs.2,000.

2. Cashback Offers:

• 5% on Flipkart and Myntra shopping.

• 4% on transactions with associated merchants.

• 1.5% on shopping with other vendors and brands.

3. Other Advantages:

On top of the cashback and co-branded introductory advantages, the Flipkart Axis Bank Credit Card additionally offers the following perks:

• Each year, four visits to the domestic lounge are free.

• 1% of the fuel levy is waived for purchases between Rs. 400 and Rs. 4,000. (maximum waiver of Rs. 500 in a month).

• Discounts of up to 20% at 4,000+ partner restaurants.

For more information visit: https://visual.ly/community/Infographics/business/flipkart-axis-bank-credit-card

How does Balance Transfer Affect My Credit Score 

A balance transfer can be a good way to pay down credit card debt. Depending on several factors, though, balance transfers can help or hurt a credit score, as well. Someone with excellent credit (a score of more than 740) may qualify for some of the best balance-transfer cards. Those with scores not as high may still qualify for good deals—but may not be granted initial credit lines sufficient to transfer large balances and may want to ask their existing card issuers to consider lowering rates on any balances not able to be transferred. 

1. Lower Credit Utilization

Your credit utilization rate—the relationship between your credit card limits and balances—is an important factor when it comes to your credit score. If you open a new credit card account and transfer balances from other credit cards to it, one of the side effects could be a lower credit utilization rate.

 2. A Hard Inquiry on Your Credit Card

If in order to transfer the balance, you apply for a new credit card, the lender conducts a hard credit inquiry on your credit report. Each hard credit inquiry lowers your credit score by a few points. In the majority of cases, you need not worry about how credit inquiries affect your credit score – but if you are on the verge between average credit and good credit, it might be worth considering how a credit inquiry can impact your credit score. 

3. Having a Shorter Credit History

Your credit score is significantly influenced by the amount of time you have had credit. Your credit score could be lowered if you close an old credit card after moving the amount since you might end up losing some of the credit histories you've accumulated over time. 

For more information refer to: https://medium.com/@amarora.456/how-does-balance-transfer-affect-my-credit-score-678d473ca2a2

Paytm SBI Credit Card Select

Hundreds of reward points can be earned annually with a new credit card from the State Bank of India and Paytm. Presently, the majority of people favor credit card offers over using their credit limit. Therefore, a variety of incentives on this credit card can enable you to lead a luxury lifestyle each month. You can benefit from free admission to airport lounges with this card, known as the Paytm SBI Card Select. The domestic airport lounges offer a highest of 4 free visits per calendar year. You should therefore review the main features and advantages of this credit card. 

Benefits:

1.       Balance Transfer on EMI:You may use your Paytm SBI credit card to transfer the remaining balance from other credit cards and banks. You may also split your purchases into manageable monthly instalments with the Flexipay feature. Using Flexipay option, expenditures above ₹2,500 may be divided into reasonable repayments and paid off within 30 days. 

2.       Cyber Fraud InsurancePaytm SBI Card SELECT provides an extra layer of protection against cyber fraud with an exclusive Cyber Fraud Insurance cover of Rs. 2,00,000. This is an added advantage on this card as other co-branded cashback cards do not come with this feature. Here are the details:·         Prevents you from any kind of misuse/abuse of the credit card·         Insured by ICICI Lombard General Insurance Company Ltd.·         Gross Negligence is not covered 

3.       Cashback Offers·         Enjoy a Cashback of 5% on Paytm Mall, Movies, and Travel.·         Get a Cashback of 2% on all other purchases on the Paytm App.·         Earn a Cashback of 1% on any other spending across millions of offline and online stores. 

For more information refer: https://www.edocr.com/v/okpvx4wm/Cardinsider/paytm-sbi-credit-card-select

Citi Cash Back Credit Card

Individuals who want to earn rewards each time they use their credit cards may consider the Citi Cash Back Credit Card. Customers who commonly use credit cards for everyday transactions can take advantage of this card because it gives profitable rewards on purchases of things like movie tickets, energy bills, and phone services. 

Benefits:

1.       Cashback Advantages

-          When purchasing cinema tickets or paying for any type of utility using Citi Billpay, 5% cashback is offered.

-          Earn 0.5% cash back on any additional purchases.

-          In multiples of Rs. 500, cashback is automatically credited to statements.

-          Your unused cash back never expires and is always valid. 

2.       EMI Conversion Offer:

Consumers who have the Citi Cash Back credit card will also get benefits on EMIs for different products at different electronic shops, retail chains, and shopping malls, as well as while buying digitally. 

3.       Dinning benefits:

Discounts on meals of up to 20% are available at selected establishments. 

4.       You can now simply tap and pay for items under Rs. 2000 using contactless payments. To use this feature, look for the Tap N Pay icon on the POS device at retail establishments. 

5.       Travel & Lifestyle Services:

Enlist the assistance of passionate travel and lifestyle experts to create an unforgettable trip to far-off places. 

6.       Enjoy all the aforementioned advantages with cashback that will never expire. Continue to shop and accumulate cashback so you can redeem them whenever it's convenient for you. 

For more information refer: https://visual.ly/community/Infographics/business/citi-cash-back-credit-card