Hi all, Please could anyone tell me which is The Best credit card service provider ? Regards, Manju
From India, Pune
Acknowledge(0)
Amend(0)

ICICI - HSBC - HDFC - SBI - CITIBANK ARE OK SERVICE WILL BE GOOD IF YOU USE AND PAY BACK PROMPTLY - OR ELSE ...........YOU END BY SAYING THE SERVICE IS POOR.
From India, Hyderabad
Acknowledge(0)
Amend(0)

It basically depends on what service you want.

For example, if you are a happy-go-lucky kind of person who wants a high limit, moderate spending, and is prompt in repayment, then SBI holds good because it cuts your other expenses substantially.

On the other hand, if you want to spend on luxury goods and live in bigger cities (metros and 7-8 other major cities), ABN_AMRO and HSBC are also good choices having many tie-ups with malls, hotels, and high-end brands.

If you don't mind paying a hefty annual fee for the credit card and believe in a no-nonsense, less phone number-sharing company, then HDFC is a good option.

If you are a frequent flyer, you may opt for a co-branded card of some banking company and airlines depending upon the sector you travel.

Credit cards can be used for 0% EMI, but then you'll have to find out what products you want to buy and which card provider has a tie-up with firms in that sector.

Personally, what I feel, with no intention of advertising for any company, is that a person should have an SBI credit card (due to a high credit limit and lower recurring fees) along with an ABN_AMRO/ICICI credit card (due to their nil yearly and joining fee so that even if you don't use it very much, you don't end up paying a fee more than your benefits). Afterwards, one may opt for other cards based on distinct advantages and tie-ups. But again, this advice is based on my personal manner of spending. It may and will differ for different people for their different requirements. So first make sure why you want a credit card and then go for it after reading thoroughly regarding their different charges and fees.

And remember to repay it as early as possible to avoid accrued exponential interest.

From India, Madras
Acknowledge(0)
Amend(0)

Dear twrmanish,

Thank you very much for your contribution. I wanted to have a credit card for emergency cases, such as hospitalization, shopping, or petrol. I am considering approaching HDFC, SBI, and ICICI. What are your thoughts on Citibank and Standard Chartered?

Manju

From India, Pune
Acknowledge(0)
Amend(0)

Manju:

Generally, the nationalized bank credit cards have fewer hidden costs. Whichever card you choose, please check on the following:

* Billing Dates - Usually, bills are raised once a month, and there will be a fifteen-day period by which the payment needs to be made. If you plan your purchases accordingly, you can actually enjoy free funds for 45 days!

* Minimum Payment - Most cards let you pay a minimum of 5% of the total outstanding. But please remember: if you carry forward a balance on your credit card, interest ranging from 1.99% to 3% per month is levied on the outstanding balance. This will work out to an annualized 24% to 36%.

* Interest Calculation - If the total amount is not paid on the due date, some cards attract interest on your purchases from the date of purchase itself. This will mean that you are paying interest for a greater period than you have availed.

These points need to be checked along with the usual processing fee, other charges (like if a minimum purchase amount is not reached).

But please ensure that, no matter how tempting it may be, you do NOT rack up an outstanding balance and that you pay the entire amount on the due date.

All the best!

Sanath

From India, Mumbai
Acknowledge(0)
Amend(0)

Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.







Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2025 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.