Credit Cards

Credit card is a very convenient option to make payments for goods and services that you may require on a day to day basis. Most shop keepers or service providers  will not charge anything extra just because paid by credit card and not in cash. What's more the credit card company will give you a free credit period after which you have to pay off the full amount. 

Free credit period is not available on cash withdrawals and interest on such cash withdrawals start from the day of withdrawal till payment date. Off course this financial magic is explained by the fact that most shoppers shop for higher amounts when they pay by credit card than if they were paying in cash.

What is a Credit Card?

A credit card is a plastic card issued by a bank or a financial instituion to its customer entitling the customer to buy goods and services on the card and pay for them later by a specified date.
Eligibility Criteria

Bank Name Type of Credit Card Salaried
Self- Employed
American Express HPCL Credit Card - -
American Express Indian Airlines Credit Card - -
Axis Bank Gold Credit Card 1,80,000 1,80,000
Barclays Smart Budget Barclays Credit Card - -
Barclays Yatra Barclays Platinum Card - -
Barclays Premier League Credit Card 6,00,000 6,00,000
Barclays Times Card from Barclays and TimesofMoney - -
Citibank Indian Oil Credit Card - -
Citibank Jet Airways Gold Credit Card - -
Citibank Jet Airways Platinum Credit Card - -
Citibank Shoppers Stop Silver Credit Card - -
HDFC Silver Credit Card 2,00,000 1,50,000
HDFC Gold Credit Card 2,00,000 1,50,000
HDFC Titanium Credit Card - -
HDFC Platinum Credit Card - -
HDFC Visa Signature Credit Card - -
HSBC Platinum Credit Card 6,00,000 6,00,000
HSBC Gold Credit Card 2,40,000 2,40,000
HSBC Classic Credit Card 1,44,000 1,44,000
ICICI Bank HPCL Credit Card 2,40,000 -
ICICI Bank Big Bazaar Credit Card 2,40,000 -
ICICI Bank Titanium Credit Card 4,80,000 4,80,000
ICICI Bank Platinum Credit Card 4,80,000 4,80,000
ICICI Bank Signature Credit Card 12,00,000 12,00,000
Standard Chartered Air Sahara Credit Card - -
Kotak Bank Fortune Gold Kotak Credit Card 3,00,000 3,00,000
Kotak Bank Trump Gold Card 3,00,000 3,00,000
Kotak Bank League Platinum Card 15,00,000 15,00,000
Kotak Bank Royale Signature Card 25,00,000 25,00,000
SBI Gold SBI Credit Card - -
SBI Silvar SBI Card - -
SBI SBI Platinum Credit Card - -

Rate of Interest

rate of Interest is calculated by the simple formula listed below:
Interest calculated = (outstanding amount x 2.65% per month x 12 months) * no. of days / 365

3 month credit card rate trends-

Credit Card Rates Fixed Variable
10/10/2012 13.81 14.56
10/3/2012 13.81 14.56
9/26/2012 13.81 14.52
9/19/2012 13.81 14.52
9/12/2012 13.81 14.52
9/5/2012 13.81 14.52
8/29/2012 13.81 14.52
8/22/2012 13.81 14.52
8/15/2012 13.81 14.52
8/8/2012 13.81 14.52
8/1/2012 13.81 14.50
7/25/2012 13.81 14.50


Types of credit card

Silver credit cards are meant for those who love to indulge in shopping, dining, holidaying, etc. These are basic cards, being offered to people to making the cash handling easy.

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The Gold Credit Card offers high credit limits and other benefits to support your lifestyle.


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The platinum credit card that offers you the lowest interest rates and the highest rewards at places where you spend the most.

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Titanium cards give higher reward points, more privileges and discounts.

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