Congratulations! Are you contemplating getting your very first credit card? Remember, you’re a step closer to getting yourself a credit card. Credit cards can help increase spending, build your credit score and history, and transform how you pay. The world of plastic money can be complex and fascinating simultaneously.
With some awareness and a few things to be kept in mind, you can make an intelligent decision about getting your first credit card. Therefore, we will tell you 5 things you need to know before getting your first credit card. Out of all the credit card services, the best axis bank credit card is at the top.
Every credit card comes with a limit known as the credit limit. Following this limit, you can make purchases. For example, the limit on your credit card is Rs 75,000, and you’ve already purchased a home theatre worth Rs.60,000. You can only make purchases with the credit left, which is Rs.15,000. Your credit limit keeps increasing if you pay timely. For instance, the Best Axis Bank Credit Card is the one that offers various cashbacks without any upper limit.
Yes, you read that right. You can use credit cards to build a great credit score. This credit score helps increase your creditworthiness.
Good credit history and score reflect your financial discipline.The Best Axis Bank Credit Card can be used to build credit history and credit score. Remember to pay your due balance on time and always pay more than the due amount so your credit score does not get negatively affected.
If you’re facing trouble getting approval for your first credit card, try getting a secured credit card which will require you to deposit a minimum amount, depending on the bank. Never fall behind on payments, as it may negatively affect your credit score and cause you to lose the deposit. With the Best Axis Bank Credit Card, only a minimum fixed deposit is required to be eligible, and it won’t burn a hole in your pocket.
Credit cards come with many hidden charges that are very well avoidable. With the Best Axis Bank Credit Card, you can ensure that no hidden charges are applied to your credit card, or the most basic minimal charges are applied. Also, in most of these credit cards, the annual fee is waived if you spend a specified and mentioned limit before the anniversary of the card.
Sounds weird? It’s not. A credit card is not a bad deal after all. The various rewards points they come with help you earn more as you spend more. Cashback, reward points, and air miles are a few benefits. Remember that the Best Axis Bank Credit Card offers incredible deals and rewards.
So, keep in mind these 5 things before getting your first credit card and master the art of using it. Just be sure you’re eligible, and remember you can get a credit card without a credit history.
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