Experts on personal finances always discourage the use of credit cards. They do it for valid reasons. A large number of people get credit cards and use them irresponsibly. This puts them in a vicious circle of debts. But if you are a disciplined consumer, a credit card is far better than the old-fashioned direct cash and debit card. It offers you the following benefits:

  • It carries numerous bonuses for first-time buyers.
  • Certain cards come with cash-back offers.
  • You receive reward points depending on the amount you spend.
  • It is a universally accepted mode of payment.
  • It lets you withdraw money interest-free.
  • Certain cards offer insurance protection.
  • A credit card makes travel easier.
  • It helps you improve your CIBIL score.
  • You regulate your expenses without you noticing it.

To enjoy all these benefits, you should get the best credit card. Given below are a few tips to help you get one that works best for you:

  1. Check your credit report and CIBIL score

Begin your search for the best credit card you can have with a credit report and credit score check. The Internet abounds with websites that offer CIBIL score check free facilities. Some even offer insights on improving your credit score. You don't have to register yourself in any of these to avail such a facility.

CIBIL score ranges from 300 to 900. The higher your score, the better you will fair. A healthy score starts from 750 to 900. Any number below this deprives you of your potential to get the best credit card in India.

  1. Decide the type of card you need

Credit cards generally fall into three main categories; the ones meant to improve your score, those designed to help you save on interest, and those meant to help you earn rewards.

The best credit card is the one that fulfils your requirements. If you are not into travelling, a travel card is not going to do you any good. A secured card will do wonders if you are in a bid to improve your CIBIL score. A low-interest card is the one for you if you want to save on interest. If earning rewards is your goal, a reward card will do well.

  1. Carefully read the terms and conditions

An understanding of the benefits alone will not help you get the card you need. Every credit card has its own terms and conditions. Read them with care to avoid unpleasant surprises in the long run. Be aware of its late fee and other penalties.

  1. Take the payment into account

Credit cards carry varying costs and plans. In a general scenario, you have to pay an annual fee for a credit card. If you are smart, you can earn sufficient rewards to compensate for the charge. Certain banks may wave off the annual fee if you meet their minimum expense requirement. If you fail to pay the dues on time, your lender may charge interest and a late-payment fee. You will also have to pay an international transaction fee if you use it outside the country.

  1. Compare cards

You decided on the card you plan to buy. You also chose your lender. Next, comes the big question; how to get the most from your choice? For instance, you choose a rewards card. Here too, the industry offers an astounding number of options. The smart way out is to browse a credit card comparison tool online. The world wide web is filled with them. Get into such a portal, choose a card and explore the full list of your chosen category. Prepare a list of the ones you feel would work for you. Narrow it based on what you want to achieve from the card. And choose one.

  1. Apply for the card

You checked your credit report and CIBIL score through the help of a CIBIL score check free service. And you decided on the card you need. The next step is to apply for it.

Visit your lender’s website and choose the “apply for credit card” option. Fill in your details. Submit it and wait for a notification.

If your score is good enough and you have made the right choice, you are sure to get the best credit card available in the market.