Google Pay Axis Bank Ace Credit Card Review, Eligibility & Benefits

google pay axis bank ace credit card

Axis Bank has launched a credit card in a partnership with “Google Pay” Named Axis Bank Ace Credit Card.

 google pay credit card
google pay credit card

This card is launched in the market to compete with HDFC Millenia Credit Card which is king of cashback card.

Check out “Our Verdict” section for my thoughts about this card.

Overview

This card doesn’t have any welcome benefits but it’s reward system is interesting.

Since, it’s announcement I was bit interested in this card as this card is offering flat 5% cashback on bill payment which maximum card won’t offer and if some card provide cashback on bill payment they have maximum capping.

So, lets find out how what this credit card has to offer, and does it stand out in the market.

Axis bank ace credit card
Axis bank ace credit card

Application Tips

Should I apply?

This card has some mind blowing benefits and feature which I have explained below.

In this card you will get 5% cashback on all your bill payments on Google Pay app with no capping.

My article will let you know all round features and benefits of this credit card and a quick comparison with HDFC Millenia Credit card.

What is Eligibility of Axis Bank Ace Credit Card?

Here is eligibility criteria to be fulfilled before applying this card:-

  • The applicant must be An Indian Resident
  • Age Limit :- Minimum age of 18 Years and Maximum of 70 Years
  • Income Proof :- 25,000 per month (Not Conformed By Bank)

How to Check Axis bank Ace Credit Card Application Status?

  1. Visit Axis Bank website
  2. Go to product section
  3. Choose your Cards
  4. Select Apply online for Credit Cards
  5. Select Track your Application
  6. Enter Application ID
  7. Enter Mobile Number

Note :- Please keep your application ID handy as you will need to use check your application status.

Reconsideration

If your application is denied, I recommend calling for an inquiry about why your application has been rejected.

Before applying next time fix these issues, and call again. It’s surprising how often denials can be changed to approvals.

Benefits of Axis Bank Ace Credit Card

Launch Offer

This is limited time period offer in which you will be getting 5% cashback on BigBasket and Grofers. It may be extended but there is no surety.

Note:- This card offer is only valid till 31 December 2020.

Cashback Benefits

Axis Bank Ace Credit Card has a very good reward benefit which will be given in form of cashback.

The best thing about this card is that it has no capping on cashback reward, which means cashback

  • You will get 5% cashback* on all your bill payment (such as Electricity, Internet, Gas etc.) DTH and recharges.
  • 4% cashback on Swiggy, Zomato and Ola
  • 2% cashback** on all other Merchants shopping

*Note:- Cashback will be given only when you have made payment on Google Pay Application.

**Note:- 2% Cashback will not be applicable on following transaction:-

  • Fuel spending
  • EMI Transaction
  • Purchase converted to EMI
  • Wallet loading transaction
  • Cash advances
  • Payment of outstanding Balance
  • Payment of card Fees

All cashback earned on your spending during each billing cycle will be credited in statement 3 days earlier to the statement generation date.

Suppose your statement is generated on 23 of every month then all cashback will be settled in your statement on 20 of every month.

Airport Lounge Access

Axis bank ace credit card comes with 4 complimentary domestic lounge visit every year and there is no quarterly capping.

Fuel Surcharge Waiver

This card also offer 1% fuel surcharge waiver at all fuel stations in India and it is valid on only transaction between Rs. 400 to Rs. 4000.

Note:-  Surcharge waiver is limited to only Rs 500 per month.

Fees and Charges

Annual and Joining Fees

Joining Fees :- 499 + GST Annual Fees :- 499 + GST

Note :-

  • Limited Period Offer :- No joining fees for application received till 31st December 2020
  • Joining fees reversed upon spending of Rs. 10,000 within 45 days of card issuance
  • Annual Fees will be waived off on annual spends greater than Rs. 2,00,000

Other Charges

  • Interest :- 3.4% Per annum will be charged
  • Cash Advance Charge :- 2.5% of cash amount(Minimum Rs. 500)
  • Over Limit Penalty :- 3% of the over limit amount(Minimum Rs. 500)
  • Late payment fees :- Maximum of Rs. 700 can be levied
  • Foreign currency transaction fee :- 3.5% of the transaction value

HDFC Millenia Credit Card Vs Axis Bank Ace Credit Card

This is going to be neck to neck compitition so let’s check out which card wins

PointsHDFC Millenia Credit CardAxis Bank Ace Credit Card
Welcome Benefits1000 Cash Points No
Launch Offer₹1000 worth gift vouchers5% cashback on BigBasket and Grofers
Milestone BenefitFirst year fee waived off. No
Reward Value1 CashPoint = ₹11 CashPoint = ₹1
Annual Membership FeeRs. 1000/- plus Applicable TaxesRs. 499/- plus Applicable Taxes
Membership fee reversalGet renewal fee waived on spends of Rs. 1,00,000Get renewal fee waived on spends of Rs. 2,00,000
Reward on Offline Spend2% cashback2% cashback
Lounge Access8 Complimentary Domestic Lounge 4 complimentary domestic lounge
CashBack On Amazon & FlipkartYes(5%)No cashback
Made ForOnline shopping and utility bill paymentutility bill payment

Both card has certain upsides and downsides but it totally depends upon your need.

If you are using any other credit card which offer good shopping benefits and you need a card for your utility bill payment then you should go for Axis Bank Ace credit card.

One downside of HDFC Millenia credit card is, Your spend below Rs. 2,000 will not incur any reward point.

So choose wisely.

Our Verdict

I remember that earlier it was very easy to get good reward on paying utility bills through credit cards.

Because since last one year I am noticing a fall in reward rates on payment of utility bills.

But a big thanks to Axis Bank for providing Such a good card which is most beneficial for utility bill payment.

I totally recommend this credit card for all, because this card is a most useful for utility bill payment.

In this card you will get 5% cashback on all your bill payments on Google Pay app with no capping.

Not only this, you will also get 2% cashback on all other payments other then google pay.

One downside of HDFC Millenia credit card is, Your spend below Rs. 2,000 will not incur any reward point.

That’s why I am recommending you Axis bank’s card which may not offer 5% cashback on amazon and flipkart but has no capping as HDFC Bank Millenia Credit Card.

Soon, I will post my real life experience of this card on my website as I receive my card.

How can I apply for Google Pay Axis Bank Ace Credit Card?

  1. Simply Visit Axis Bank Website or App and go to Credit card Section
  2. Now select your card and click APPLY NOW button
  3. As you click on apply now you will be landed in the page where you have to fill your all details
  4. After submitting the application you will given a Reference Number to track your application.
  5. Now bank team will contact you for verification and if you fulfill their eligibility criteria, then your application will be approved.

For Google Pay Axis Bank Credit Card
on Axis Bank’s Secured Site.

Google Pay Axis Bank Ace Credit Card FAQ

What is Age Limit For Applying Google Pay Axis Bank Ace Credit Card?

Minimum age of 18 and maximum of 70 years

What are annual charges of Google Pay Axis Bank Ace Credit Card?

Joining Fees :- 499 + GST and Annual Fees :- 499 + GST

What is minimum salary required for Google Pay Axis Bank Ace Credit Card?

25,000 per month (Not Conformed By Bank)

Why google pay axis bank ace credit card declined?

Axis bank has tough policy on issuing credit card but if you are applying after reading my blog i can make sure that your application should not be declined.

What is Google Pay Axis Ace Bank credit cards interest rate?

3.4% Per annum will be charged

What is Google Pay Axis Ace Bank Credit Cards Limit?

Limit for any credit card depends on banks inter policy. To know my limit for this card check out my this article

HDFC Millenia Credit Card vs Axis Bank Ace Credit Card which is better?

I will say Axis bank ace credit card

Paytm SBI Credit Card SELECT Review, Benefits, Eligibility

Paytm SBI card select

Paytm in partnership with SBI Card is trying its luck in the Credit Card segment with launch of two cards.

In this article I am going to cover and compare these two variant of Paytm SBI Credit Card.

Paytm SBI card SELECT
Paytm SBI card SELECT

My article will let you know all round benefits of these cards and it will provide all information and my thoughts so that you choose right card. And at last I will share my views about both cards.

Overview

These cards are not the first card launched by Paytm, Paytm First Credit Card is already in the market.

The name of card launched are Paytm SBI Card and Paytm SBI Card SELECT. Both of these cards are launched on visa platform.

Paytm SBI credit card
Paytm SBI credit card

Paytm SBI Card which is entry level card whareas Paytm SBI Card SELECT is higher variant credit card.

Application Tips

Should I Apply?

This card doesn’t offer any mind-blowing benefits that you should apply for this card.

But to be sure check out full review and then decide whether to have this card or not.

Are You Eligible?

Both from SBI and paytm eligibility has not been specified on their websites.If you don’t want your application to be rejected, you must check these points before applying :-

  • Must be indian resident
  • Age Limit :- 21 years Minimum
  • Address proof copy
  • Have a stable income
  • Have a good credit History

As this card is from SBI your application may get rejected so be careful.

If you have any other bank credit card you you can also apply this card on card on card basis.

Application Status

If you have already applied, you can check your application status in two ways:-

  • Call 1860 500 1290 or 1860 180 1290 number.
  • Visit SBI card Website(Sbicard.com)

Reconsideration

If your application is denied, I recommend calling for an inquiry about why your application has been rejected.Before applying next time fix these issues, and call again. It’s surprising how often denials can be changed to approvals.

Annual Fees

Paytm SBI Card Select

  • Annual Fees :- ₹1499 + GST
  • Joining Fees :- ₹1499 + GST

Note :- Fees waiver on ₹2,00,000 annual retail spend

Paytm SBI Card

  • Annual Fees :- ₹499 + GST
  • Joining Fees :- ₹499 + GST

Note :- No fees waiver

Benefits of Paytm SBI Card SELECT & Paytm SBI Card

Patym credit card features
Patym credit card features

Welcome benefits

When you activate your card and make your first transaction with these cards you will be rewarded with these benefits:-

Paytm FIRST Membership
Paytm FIRST Membership

Paytm SBI Card Select

  • Free Paytm First Membership worth INR 750 on first transaction with this card
  • INR 750 Cashback

Paytm SBI Card

Free Paytm First Membership worth INR 750 on first transaction with this card

Cashback Benefits

The best benefit of this credit card is cashback reward program. So lets check out what are these:-

Paytm cashback
Paytm cashback

Paytm SBI card Select

  • 5% Cashback :- On Travel, Movies and Mall purchases through Paytm App
  • 2% Cashback :- On other purchases made through Paytm App
  • 1% Cashback :- On other transactions whether offline or online

Paytm SBI card

  • 3% Cashback :- On Travel, Movies and Mall purchases through Paytm app
  • 2% Cashback :- On other purchases made through Paytm app
  • 1% Cashback :- On other transactions whether offline or online

Note :- No Cashback on wallet load and fuel spend

Reward Value

Reward value for 1 reward point is ₹ 1 which is really good and these points comes with no expiry date.

All reward cashback will added to paytm wallet as Gift card balance.

Milestone Benefits

One of the most impressive benefit of this credit card is that you will be rewarded with milestone benefits.

Paytm SBI card

You will get complimentary Paytm first membership renewal on achieving ₹ 1 Lakhs Milestone.

Paytm SBI card SELECT

  • Rs. 2,000 gift voucher on achieving Annual spend of ₹ 4 Lakh (Reward rate :- 0.50%)
  • Rs. 4,000 gift voucher on achieving Annual spend of ₹ 6 Lakhs (Reward rate :- 0.50%)

Lounge Access Benefits

Paytm SBI card does not have any lounge access benefits whereas Paytm SBI card select has. Paytm SBI card SELECT offers 4 domestic lounge access which is limited to 1 per quarter.

For international lounge access it comes with free Priority pass membership worth US $99 for first 2 years.

Note :- Only priority pass membership is free, you will charged with US $27 per visit.

Fuel Surcharge Benefits

Both card offers 1% fuel surcharge waiver on all fuel spending

Note :- Transaction limit ₹500 to ₹4000 and Surcharge waiver of upto ₹250(For Paytm SBI card Select) and ₹100 (for Paytm SBI card) per statement cycle

Fraud Insurance Cover

Both card comes with cyber fraud insurance for amount of Rs. 1,00,000(For Paytm SBI Card) and Rs. 2,00,000(For Paytm SBI Card Select).

How can I apply for Paytm SBI credit card?

  1. Simply open Paytm App and search for “Paytm SBI Credit Card
  2. You will land on a page where you will be shown features of this card.
  3. Now click on apply now or wishlist option which ever is showing on your app.
  4. A new page will be open where you have to enter your detail.

For Paytm SBI Credit Card
on PAYTM’s Secured Site.

Our Verdict

This credit card is to totally waste, I won’t recommend this card to anyone Rest is your choice. I won’t think majority of people use paytm for shopping instead of using Amazon and Flipkart. Axis bank ace credit card is way better option then this card.

Paytm SBI credit card FAQ

When Paytm SBI credit card will launch?

Its launch date is expected to be by end week of November 2020

Is paytm credit card worth it?

It has some good and bad features and benefits. Check out my full review to decide

What is minimum age to apply for Paytm SBI credit Card?

21 Years

RBL Bank Titanium Delight Credit Card Review, Benefits and Eligibility

rbl bank titanium delight credit card

RBL Titanium Delight Credit card is one of the entry-level credit cards from RBL Bank. Its affordable annual fees make it more attractive for beginners who are applying for a first-ever Credit card.

RBL bank titanium delight credit card
RBL Bank Titanium Delight Credit Card

Check out the full review and then decide is this card offers great benefits or not.

Application Tips

Should You Apply?

This card has all the basic benefits, it will be most suitable for Grocery, Domino’s, and pizza hut shoppers. It has mind-blowing reward benefits for shopping on Wednesday. 

Fees and Charges

RBL Titanium Delight Credit Card comes with an annual membership fee of Rs.750/-. if in 2nd you have made a total spend of Rs.1 Lakhs your membership fee will be waived off.

Are You Eligible?

  • Age should be 21 years
  • Have a stable income(Salary or Self Employed)
  • Have other bank credit card

Application Status

If you have already applied, you can check your application status in two ways:-

Reconsideration

If your application is denied, I recommend calling for an inquiry about why your application has been rejected. Before applying next time fix these issues, and call again. It’s surprising how often denials can be changed to approvals.

Welcome Benefits

Benefits of RBL Titanium Delight Credit Card

RBL titanium delight credit card comes with the welcome benefit of 2000 rewards points. If you spend Rs 10000 within 60 days of the card issued you will be also rewarded with 1000 rewards points.

Each reward point has a value of Rs 0.25. So overall you get 3000 reward points of value Rs 750.

Reward Program

With this titanium delight card, you will reward with 1 reward point for each Rs 100 you spend. Both online and offline spending is covered under this program. Each reward point has a value of Rs 0.25. 

The reward rate is good if you are a beginner but if you are a pro user you will not provide you good value for spend.

There are various cards which offer good benefits then this card. If you take the example of SBI simply click credit card, it offers way better reward then this card.

Milestone Benefits

If you spend Rs 1.2 lakhs in a given year you will get 4000 rewards points as milestone benefit. It is also not good as compared to SBI simply click credit card, in which you get an Rs.2000 voucher on spend of 1 lakhs. and, 2000 voucher for another 1 lakhs spend.

In total, you get a voucher of Rs 4000 with simply click credit card on spending 2 lakhs in a given year.

Wednesday Shopping Benefits

The best benefit of this card is that when you spend on movie, grocery, and pizza on Wednesday you get accelerated rewards points and discounts. 

BookMyShow Discount

If you book a movie from BookMyShow you will get 1+1 or Rs 200 off (which is lower) on Wednesday once a month. 

Grocery Discount

You will get 20 reward points for every Rs 100 when you use your RBL titanium delight credit card on all big grocery stores. This offer is only applicable on Wednesday.

Domino’s / Pizza Hut discount

You will get 40 reward points for every Rs 100 when you buy pizza from Domino’s or Pizza hut online.

Note:- This offer is only applicable on Wednesday and a Maximum of 1000 bonus Reward Points each for Groceries and Pizza spend in a billing cycle.

Annual Saving Benefit Calculator

For this purpose I have taken Rs.15000 per months spend. I you wish to Check your saving you can check out from Here.

Spend onReward PointsSaving in Rupees
Grocery(Rs.30600)61201530
Pizza Hut/Domino’s(Rs.5400)2160540
Others(Rs.144000)1440360
Movies(Once A Month)2400
Fuel1200
Rs.1.2 Lakh Milestone Benefits40001000
Total annual Benefits7030

Final Vardict

So, overall RBL titanium delight credit card offer good value. Its Wednesday shopping offer is very good. If you use to shop in grocery stores then this card is for you. If you are a person who does not shop on grocery stores and you want to get travel voucher instead then you should apply for SBI simply click credit card.

RBL Titanium Delight Credit Card FAQ

What is RBL Titanium Delight Credit Card cash withdrawal charges?

2.5% (min Rs.300) of the cash amount wef July 1, 2020, 2.5% (min Rs.500) of the cash amount

What is RBL Titanium Delight Credit Card 1 reward points value?

1 Reward points has value of Rs.0.25.

What is RBL Titanium Delight Credit Card customer care number?

Call this Number 1800 121 9050

RBL Titanium Delight Credit Card Maximum Limit?

It can not be predicted because it fully depend upon bank and your credit history.

What is RBL Titanium Delight Credit Card Interest Rate?

APR up to 3.99% p.m. (47.88% p.a.)

What is RBL titanium delight credit card annual fee?

Rs.750

How to Increase CIBIL Score?

how to increase cibil score

How to increase CIBIL Score Made Easy. In this article, I am going to help you understand what a credit score is and how it’s calculated, show you how to improve your credit score and keep it high, AND I’m going to give you THREE tricks that can quickly boost your credit score. 

What is Credit Score?

So, first of all, your credit score is basically a number that tells banks or other institutions how good you are at paying your bills and how likely you are to pay back a loan (on time).

CIBIL credit scores range from 300 to 900,the higher the better. Having a good credit score enables you to buy expensive things like a house or a car or something for your business, and pay for it gradually. 

It enables you to get the best available credit cards, which will pay you to use them. I make almost $1,000 a year just by using credit cards for all my purchases. 

A good credit score also will help you to get lower interest rates when borrowing, and it can even lower the cost of your insurance. 

Also Read : How to Buy Health Insurance?

What is The Minimum CIBIL score to get a Loan?

Generally, you need a score of at least 760 to get the best possible interest rates on a loan. That interest rate can make a big difference in what kind of home you can buy. 

Suppose you can only afford to pay $1200/mo after a 20% down payment. If you increased your credit score from 630 to 760, you would be able to buy a house costing $50,000 more and still have the same monthly payments. 

However, if your credit score is less than 500, you won’t be able to get any loan. 

how to increase cibil score
how to increase cibil score

How CIBIL Score is Calculated?

The first step to improve your credit score is to understand how it is calculated. There are four main factors that can influence it: 

The first and most important factor is whether or not you pay your bills on time. This accounts for 35% of your credit score. There are no ways around this one. 

You simply have to pay all your bills on time,and the easiest way to do this is to set up automatic payments for all your bills. 

If, however, you have an overdue bill or derogatory mark on your account, pay the most recent ones off first. 

Older derogatory marks do not hurt your score as much as recent derogatory marks. Furthermore, don’t just pay an overdue bill by mailing a check; pick up your phone and call the company. Explain why you missed the deadline. Use your nice guy voice. 

Ask them to please remove it from your credit report and remove any late fees. Offer to pay the full amount due. Remember, they just want you to pay your bills,and they have the ability to remove any penalties. 

Okay, before we go any further, have you ever seen your own credit report? Not just your score, but the full report. You need to read your credit report so that you can figure out what is hurting your credit score. 

Maybe there’s a bill you forgot about,maybe there’s a mistake, or maybe someone stole your identity. 

You won’t know unless you read your credit report, which you should be able to get for free from any of the three major credit bureaus,Experian, TransUnion, or Equifax. 

All of them will try to get you to sign up for some paid service, but you don’t need that. Just get the free credit report. I personally use Experian, but the others should work fine too. 

After you read the credit report, what do you do if you find out that there is a mistake or possibly fraud? Or, what do you do if your debt has already gone to a collection agency? 

As far as your credit report goes, I suggest the same response, which is my first trick. Send a 609 letter to the credit bureaus. 

Write something like the following: I’m exercising my right under the Fair CreditReporting Act, Section 609. 

Please send me the original sources of information reported including, but not limited to, the original contract with my signature for the following account(s): (here you should list the account names and numbers) If you can’t provide me with this information,please remove the account(s) immediately. 

Be sure to sign the letter, and write your name, address, phone number, date of birth, and social security number. This should help to remove any mistakes on your credit report. In addition, collection agencies often do not have the original documents, which are required by law. 

This won’t stop the collection agencies from bothering you, but it could remove them from your credit report and help your credit score. 

Keep in mind that this won’t work if the collection agency has the original documents. The second factor that determines your CIBIL score is the amount of credit you are currently using, which accounts for 30% of your credit score. 

This is simply a ratio of the amount you have borrowed using your credit cards divided by your total credit limit. 

Ideally, this should be less than 10%, orat the very least less than 30%. Anything more than that will hurt your credit score. 

This can be improved two ways: decreasing the amount you owe on your credit card accounts or increasing your total credit limit. 

So, if you can, every month you should autopay your entire statement balance for every account you have. 

Unless you are experiencing some financial crisis at the moment, it is ludicrous to EVER carry a balance on a credit card. 

Carrying a balance hurts your credit score and costs a lot in interest. In addition, there is a little trick thatcan help improve your credit score even more. 

Pay your account balance BEFORE your statement is generated. This will bring your credit usage down to nearly 0% and give your FICO score an extra boost. 

Alternatively, you can increase your total credit limit by getting more credit cards with no annual fees. This will hurt your credit score a little at first, but after about a year it will help your long term credit score. 

At the very least, never cancel a credit card unless it has an annual fee. Even if you don’t use it at all, it helps your credit score by boosting your total credit limit. 

Lastly, and perhaps the easiest thing that you can do today to improve your credit score is to request a credit limit increase for all your credit cards. 

You can probably do this online, although it might work better to ask over the phone. The third factor that determines your CIBIL score is the length of your credit history, which accounts for 25% of your score. 

Generally, this is going to take years to improve. It’s good to start by getting credit cards as young as you can responsibly use them. 

Also, keep in mind that any hard credit inquiry will hurt your credit score for a year. This includes applying for a credit card or loan, so try to spread out credit card and loan applications. 

There is actually one way to quickly build credit history without waiting, and that is my third trick. Find a relative or friend with really good and long credit history. 

And ask them to add you as an authorized user on one or more of their old credit card accounts. Make sure they have never missed a payment and they have low utilization. 

You do need to use your social security number,but they do not need to give you a credit card. The beauty of this trick is that you will adopt some of their good credit, but they cannot be hurt by your bad credit. 

This is NOT cosigning. As long as they don’t give you a card, there is no risk for them at all. The fourth and last factor that determines your FICO score is the variety of credit you have used, which only counts for 10% of your credit score. 

So, you can improve your long term credit score by having a variety of accounts. In addition to credit cards, this can be helped by having store cards, bank cards, student loans, car loans, mortgages, and personal loans. 

The more accounts you have the better, anda perfect score can only be achieved by maintaining more than 20 accounts. However, this has only a small effect on your credit score, and it is always a bad idea to get a high-interest loan. 

All right, thanks for reading, and good luck with your credit score! Please share your own experience below in the comment section.

Why I Don’t Use Debit Card and Use Credit Card

I’ve ran a lot of surveys on the internet regarding whether you guys use debit cards, Credit Cards or even cash for your most common purchases and what the results are showing is that you guys typically use your debit cards for purchases and that’s why I’m making writing this article for you.

why i don’t use debit card

So in this article, I’m gonna explain why I never use debit cards to make purchases unless I absolutely have to and why I typically use credit cards for all of my purchases?

Just because it makes moresense but don’t worry if you do use debit cards because I’m not gonna totally diss on them because there are actually pros and cons when it comes to credit cards and debit cards.

But for the most part it just makes more sense to use a credit card if you’re not paying any credit card interest.

Benefits of using Debit Card

I’ll start off talking about the good things about debit cards and then I’ll move into thenegative stuff so that you can see with a little more clarity why I prefer to use credit cards for all of my purchases.

now one of the best reasons for using a debit card is because it’s linked directly to your checking account so what this means is that every single time you make a transaction with your debit card it’s gonna show up instantly on your statement balance so that you know exactly what’s going on inside your checking account right when you actually make a purchase.

another cool thing about debit cards is if you ever need cash back then I would definitely use a debit card because you can do this at grocery stores gas stations all over the place and you can always get cashback and it’s super easy to just take it out get cash right from your checking account.

now on the flip side credit card transactions do post on their accountthe same day but they’re never going to be fully posted for about three dayswhile they pend and so sometimes that can get a little bit confusing and thenif you ever do need cash back from a credit card I would never do thatbecause it’s called a cash advance and you’re actually going to be charged interest every single day you use it which is something that I would not recommend doing and then keep in mind whenever you’re using a debit card thetransactions are actually being deducted from your account which makes a lot moresense from a budgeting point of view.

Because when you’re using a credit card the transactions actually go up on your balance and it can confuse people a lot because you’re not seeing it a direct reflected sense like you do from your debit card in your checking account and seriously if you do carry a credit card balance where you’re paying interest every month then disregard everything I’m about to say because in that context I still want you to use your debit card for everything because it is not worth taking any of this advice if you’re paying interest on your credit card.

Now the way that you can tell if you’re paying interest on your credit card is just check your statement balance and see if you have any line items that say that you’ve paid any interest charges because if you have then that means you are paying interest on it.

Now the other way you can tell is if you just know for yourself that youdon’t pay off your statement balance in full.

The point I’m trying to make is that if you are paying any interest on your credit card then disregard what I’m about to say.

Now these are the reasons why I prefer to use credit cards for all of my purchases versus debit cards.

Benefits of using Credit Card

This is why it’s going to make sense for you guys now the first reason why I use credit cards for all of my purchases isbecause they are way more protected than debit card purchases so if you ever need to reverse a charge it’s a lot easier to do that with a credit card than with a debit card so for example a few years back I was staying in Singapore at a hotel and the problem is is that the hotel actually charged me for two rooms when I only needed one room

So when I actually disputed the charges with them they refused to settle it with me so all I did was I just called up Visa who is the credit card that I used at the hotel and then they helped me get the charges reversed so that I didn’t have to pay for a room that I didn’t book.

Now I’m not saying that debit cards won’t help you in those types of situations but the thing is is that with a credit card it’s always in their best interest to keep you as their customer and they’re always gonna do as much as they possibly can to help you.

Whereas with a debit card you just don’t have as much protection credit cards also give you.

Extended warranties on your purchases and they also protect your purchases against theft and damage which is something that debit cards never do.

they also have all the reward points and signup bonuses too so if you’re going to be spending money anyway then you might as well just get the reward points that you do with a credit card.

Now I have seen a lot of debit cards that actually do have rewards programs but you have to look for them and do a little bit of research to find them but they do exist out there it’s just a easier to find them with credit cards

Because it seems like every single credit card out there has a rewards program because at the end of the day if you’re gonna have to pay your utility bill regardless then you might as well just get reward points for using your credit card.

Because you’re gonna have to pay it anyways and then if you travel internationally credit cards are actually very useful to use because a lot of them aren’t gonna charge you foreign transaction fees and what this means is that if you’re buying stuff outside of the country then they’re not gonna charge you to convert the currency whenever you make a transaction that is very convenient .

Another thing to keep in mind with credit cards is that their websites are extremely robust so if you’re in a budgeting and stuff like that then credit cards are very very good because they obviously have a lot of money to fund their websites and they make them extremely intuitive to figureout your budget and where your spending is.

And all that kind of stuff where as with a lot of debit cards if you’re using a local bank or a small little credit union you’re never gonna have that type of a website and they’re never gonna be as good as what you get from credit cards.

And then the last thing on credit cards is that they actually carry an important role in your credit score which is something that debit cards definitely don’t do but I wish it wasn’t true but it is and it’s just the fact that you do need a credit card in order to help your credit score out in some sense because basically your credit cards control about 30 percent of your credit score through what’s called credit utilization and this all just has to do with how much you’re spending versus what your limits are.

The point is is that credit cards do help your credit score and debit cards don’t and just remember that credit cards don’t charge you a penny and interest unless you’re not paying your statement balance off in full.

So as long as you’re paying off that statement balance you’re never gonna have to pay apenny in interest and you don’t have to be afraid of credit cards.

But if you feel like you’re the type of person that’s not going to be able to control your spending through a credit card then definitely just stick with what works I just want what’s best for you guys.

And in my context I like to use credit cards because they’re better than debit cards in some ways but if you’re not going to be able to control your spending and you’re gonna be spending money on interest then definitely just stick with a debit card.

SBI Simply Click Credit Card Best Review 2020

SBI SIMPLY CLICK CARD

Hello friends, I’m writing this review after 6 months of using SBI Simply Click Credit Card. On the first look, it will definitely impress you. Look and feel wise it feels very premium.

One thing I must say about SBI is that they use premium quality plastic to make their card. I can say this because I have almost all the company’s credit cards, I am very much impressed by their build quality and use of premium material.

SBI Simply Click Application Tips

Should I Apply?

If you wish to have your first ever SBI credit card I would definitely recommend you SBI simply click. It is very good in all aspects, and offer great value. You can also waive your annual fee, If you spend one lakh in a Year.

This Card Comes in two variants Visa platinum and master platinum(I got Master platinum). Both come with pre-enabled international transaction feature with markup fees of 3.5%. which means if you have to make a transaction of $100 then you will be charged with a 3.5% markup fee i.e. you have to pay $103.5 for your $100 payment.

This card also comes with the SimplyWave Contactless Technology payment method for the payment of up to Rs.2000.

Are You Eligible?

I have gone through the whole SBI card website, But I couldn’t find Anything about this card eligibility. But If you don’t want your application to be rejected, you must check these points before applying:-

    • Age should be 21 years
    • Have a stable income(Salary or Self Employed)
    • Have other bank credit card

SBI cards rejection rate is very high. So apply at your own risk if you do not fulfill the above criteria. If you have some other banks credit card, you can also apply on that card basis. I have applied through my HDFC credit card, And I got it very easily.

Application Status

If you have already applied, you can check your application status in two ways:-

Reconsideration

If your application is denied, I recommend calling for an inquiry about why your application has been rejected. Before applying next time fix these issues, and call again. It’s surprising how often denials can be changed to approvals.

SBI Simply Click Credit Card Perks

Once you have gone through the above details, you are almost set to know more about this credit card. In this segment, I will discuss all the important and rewarding features of this credit card. So let’s find out the important features of this credit card:-

Reward Points Benefits

SBI Give 10X reward point for each Rs.100 spent on online with exclusive partners – Amazon / BookMyShowCleartrip / Lenskart / Netmeds / UrbanClap, from my point of view it is a very good Benefit. If you are looking for a credit card which gives them maximum returns on their online spending. For all other online spendings, SBI provides 5X reward points. For all other spendings, you will get 1 Reward points(Of Value Rs.0.25) for each Rs.100 Spend.

Though SBI Card mentions in their T&C that wallet transactions are not eligible for 10X rewards. I have been getting 10X reward points on adding money to Amazon Pay wallet and 5X reward points on adding money to Paytm.

Milestone Benefits

While applying for this credit card I was unaware of this milestone rewards. But recently I got this message from SBI that, I am just Rs.8900 sort, for earning Rs.2000 E-gift voucher as a milestone reward for my Simply Click Credit card. In milestone reward, you have complete a milestone of 1 lack in a year to get an Rs.2000 E-gift voucher from Cleartrip. Not only this if you cross 2 Lacks in a year you will again get Rs.2000 E-gift voucher from Cleartrip. Here is the message I received from State bank of India:

Fuel Surcharge Waiver

SBI also offers a 1% fuel surcharge waiver for each transaction between Rs 500 & Rs 3000 (exclusive of GST, wherever applicable, & all other charges) with Maximum surcharge waiver of Rs 100 per statement cycle, per credit card account.

Add-on Card

With SBI Simply Click Credit Card you can empower your family with add-on cards for your Family member above the age of 18.

Balance Transfer on EMI

Save money while paying your credit card dues by Transferring the outstanding balance of other banks’ credit cards to your SBI Simply Click Credit Card. and avail a lower rate of interest and payback in EMIs too.

Annual Fees and Renewable Fees

SBI charges one-time Annual fees of Rs.499 and the same for renewal every year. If you Spend Rs 1,00,000 in one year you will get an annual fee of Rs 499 reversed to your credit card in the subsequent year. Spending Rs.1,00,000 in the present time is not an uphill task for anyone.

Reward RedeemptionTips

Now, a Most important point which everyone wants to know about is what is the process of rewards redemption for this card. For redeeming your rewards point you, have to go to the SBI card website(SBIcard.com), or SBI Card App where you can redeem your rewards point to Amazon E-gift voucher or Cleartrip E-gift voucher. Where you will be charged with Reward redemption fee of Rs. 99 + GST applies to each redemption.

Redeem in Bulk Quantity

I would recommend you that you should redeem rewards point in bulk quantity to avoid paying redemption fees each time. To make this easier you can set goals in the SBI card website and mobile app. I redeem only if my points reach 10000or 20000. Here is my present points summary. Favorite

Check Out My Favorite Credit Card List

Annual Saving Calculator

You can save up to 3.75% with your Simply Click Credit Card. For calculation, I am taking some standard assumption of spendings as per my understanding. However, It may vary for your spending, but you will definitely get some rough idea of your annual savings.

Total Expenses in a yearLet Rs.50,000Let Rs.1,00,000Let Rs.2,00,000
1.Spent online with exclusive partnersRs.30,000Rs.60,000Rs.1,20,000
2.Reward on shopping with exclusive partners (10X)3000600012000
3.Other online SpendRs.20,000Rs.40,000Rs.80,000
4.Reward on Other online Spend(5X)100020004000
5.Reward point to Rupees(1RP = Rs.0.25)Rs.1000Rs.2000Rs.4000
6. Milestone benefitZeroRs.2000Rs.4000
7. Annual FeesRs.499Rs.499Rs.499
8.Total savingRs.501Rs.3501Rs.7501
Savings Percentage1%3.5%3.75%

SBI Simply Click Credit Card vs SBI Simply Save Credit Card

PointSBI Simply ClickSBI Simply Click
Welcome GiftAmazon Rs. 500Spend Rs. 2,000 or more in first 60 days and get 2,000 bonus Reward Points
Milestone
Spend of Rs 1 lakh
Cleartrip voucher for Rs 2000No Voucher
Milestone
Spend of Rs 2 lakh
Cleartrip voucher for Rs 2000No Voucher
Reward RatioRs 0.25Rs 0.25
Reward PointsUp to 10X on online shopping10X on Departmental stores, Movie, and Grocery
Annual Membership FeeRs. 499Rs. 499
Annual Membership fee reversalSpent Rs. 1,00,000 or moreSpent Rs. 1,00,000 or more
Made ForOnline ShopperDepartmental & Grocery Shopper

Check out SBI Simply Save Credit Card Review here

Our Verdict

SBI Simply CLICK Credit Card is really a good card for those who spend a lot online. It has Milestone benefits and other various kinds of rewards. Most probably SBI also gives may discount on online and offline shopping apart from rewards points. I would suggest you have one SBI Credit Card in your Wallet. It will definitely impress you if you are an online shopper. There is no better offering than Simply CLICK for online spending If it’s your 1st Credit Card.

Apply Now

For SBI Simply Click Credit Card
on SBI Cards’s Secured Site.

What do you think of SBI Simply CLICK Credit Card? Let me know in the comments below.

Lifestyle Home Center SBI Card SELECT Review

Lifestyle Home Center SBI Card SELECT

SBI card recently came into partnership with Landmark Group. In return, they Brought three new cards to their customers.

    1. Lifestyle Home Centre SBI Card,
    2. Max SBI Card,
    3. and Spar SBI Card

In this review, I am covering the Lifestyle Home Centre SBI Card SELECT.

sbi lifstyle credit card
sbi lifstyle credit card

It is designed to be a one-stop payment solution for the entire family, this card provides a great shopping experience to cardholders across categories that include fashion – premium and affordable, home furnishing including furniture and grocery.

Cardholders may avail similar benefits at all participating Landmark brands, thus getting savings and a host of other benefits across a spectrum of categories through a single Credit card.

Lifestyle Home Centre SBI Card SELECT Application Tips

Should I Apply?

As per my recommendation is concerned, I would rather advise you to chose very cautiously as per your requirement. If you are not a Heavy spender you should choose Base or select variant. Otherwise, read full Review and then decide which card shoots you.

Who Should Get Lifestyle Home Centre SBI Card SELECT Card?

  • Frequent Shopper who loves to shop at Landmark Group Brands.
  • Anyone who wants to earn reward points for each rupee they spend.

Who Should Not Get Lifestyle Home Centre SBI Card SELECT Card?

  • Who is interested in Airport Longe access they will be disappointed, as this card does not come with Airport Longe access Benefit.
  • who are interested in exchanging their reward points to Air miles.

Are You Eligible?

I have gone through the whole SBI card website, But I couldn’t find Anything about this card eligibility. But If you don’t want your application to be rejected, you must check these points before applying:-

    • Age should be 21 years
    • Have a stable income(Salary or Self Employed)
    • Have other bank credit card

SBI card’s rejection rate is very high. If you do not fulfill the above criteria, apply at your own risk. If you have some other bank’s credit card, you can also apply on that card basis.

Application Status

If you have already applied, you can check your application status in two ways:-

Reconsideration

If your application is denied, I recommend calling for an inquiry about why your application has been rejected. Before applying next time fix these issues, and call again. It’s surprising how often denials can be changed to approvals.

Annual Fees and Renewal Fees

SBI card charges one-time Annual fees of Rs.1499 plus GST and the same for renewal every year. If you Spend Rs 1,00,000 in one year you will get an annual fee of Rs 499 reversed to your credit card in the subsequent year. Spending Rs.1,00,000 in the present time is not an uphill task for anyone.

Lifestyle Home Centre SBI Card SELECT Perks

The card rewards customers through various spend based benefits as well as bonus offers. So let’s find out perks offered by Lifestyle Home Centre SBI Card SELECT credit card:-

Welcome Benefits

The cards deliver value from the point of enrolment itself, offering 6000 bonus reward points equivalent to Rs 1500 on payment of annual fees. Reward Points will be credited to the cardholder’s account within 30 days of fee payment.

Reward Points Benefits

  • 10 Reward Points per Rs 100 spent at Landmark brands (Lifestyle, Home Centre, Max & Spar)
  • 10 Reward Points per Rs 100 spent on Dining & Movies
  • 2 Reward Points per Rs 100 spent on other retail purchases (Non-fuel)

Milestone benefits

The cards also reward customers for their loyalty through various spend based milestone benefits. Customers of the PRIME variant can avail savings of up to Rs 14500 on achieving milestone spends.

    • Earn 12,000 bonus Reward Points on overall annual retail spends of Rs 300,000.
    • Earn 2400 bonus Reward Points on annual spending of Rs 25,000 across all Landmark Stores.
    • Earn 8,000 bonus Reward Points on annual spending of Rs 75,000 across all Landmark Stores.
    • Earn 12,000 bonus Reward Points on annual spends of Rs 150,000 across all Landmark Stores

Fuel Surcharge Waiver

SBI also offers a 1% fuel surcharge waiver for each transaction between Rs 500 & Rs 3000 (exclusive of GST, wherever applicable, & all other charges) with Maximum surcharge waiver of Rs 100 per statement cycle, per credit card account.

Renewal Benefit

The cardholder will get 6000 Reward points worth Rs 1500 on payment of renewal fees every year. Reward Points will be credited to the cardholder’s account within 30 days of fee payment.

Reward Redemption Benefit

Get dual benefit from your reward points by converting them into Landmark Rewards. To convert your reward points to the landmark reward point, You have to give 2.4 SBI Card Reward Points for getting 1 Landmark point. Where SBI card says that the value of one Landmark point is Rs 0.60(1 Landmark Reward = Rs 0.60).

To make it easy to understand how you will dual benefit, let’s take an example:-

Ex. Suppose you have 5000 SBI Card Reward Points. Their value will Rs.1000(4RP=Rs.1), but if you convert then into landmark rewards point you will get 2083 Approx Landmark reward points. Whose value will be Rs.1250(2083.3*Rs.0.60).

In this way, you will get some extra benefits by simply converting your reward points to the Landmark reward point.

Features Of This Credit Card

Contactless Advantage

    • Daily purchases now made easy with Lifestyle HC SBI Card SELECT. Simply wave your card at a secure reader to transact
    • Fast & convenient: No need to hand over your card or look for cash /coins for everyday small ticket purchases

Airport lounge access

This card does not come with any Airport lounge access FacilityHere, I am a little disappointed with SBI card that even non-premium credit cards offer airport lounge access, But Why SBI Failed here. I have no answer to that.

Flexipay

With Flexipay, convert your transactions in easy monthly installments. Make any purchase for Rs. 2,500 or more using your Lifestyle HC SBI Card SELECT, and log in with your username and password to sbicard.com within 30 days of purchase to convert it into Flexipay

Worldwide Acceptance

    • You can use your Lifestyle Home Centre SBI Card SELECT in over 24 million outlets across the globe, including 3,25,000 outlets in India
    • Use your card to make payments at any outlet that accepts Visa

Add-on Cards

With Lifestyle HC SBI Card SELECT, you can empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18

Easy Money

With Easy Money, you can get a draft or cheque against your cash limit and get it delivered to your doorstep.

Balance Transfer on EMI

Save money while paying your credit card dues by Transferring the outstanding balance of other banks’ credit cards to your SBI Simply Click Credit Card. and avail a lower rate of interest and payback in EMIs too.

Check Out My favorite credit card list

Our Verdict

Lifestyle HC SBI Card SELECT is really a good card for those who spend a lot online. It has Milestone benefits and other various kinds of rewards. Most probably SBI also gives may discount on online and offline shopping apart from rewards points. I would suggest you have one SBI Credit Card in your Wallet. It will definitely impress you if you are an online shopper. There is no better offering than Lifestyle Home center for online spending.

Apply Now

For Lifestyle HC SBI Card SELECT
on SBI Cards’s Secured Site.

What do you think of SBI Simply CLICK Credit Card? Let me know in the comments section below.