Which is the best Credit Card?

Consumer VOICE experts compared credit cards on basis of credit card interest rates, best credit card deals and other parameters to list the best credit card. Consumers can check Consumer VOICE recommendations before getting new credit cards.

Credit Card Studied :  PNB – Gold, Canara Bank – Visa corporate, Syndicate Bank – Global Classic, Indusind Bank – Chelsea FC, RBL Bank – Money Trap, Kotak Mahindra – Feast Gold, HDFC Bank Platinum, ICICI – Coral

Credit Card: C is for Convenience and C is for Charges

A credit card is a plastic card issued by a financial institution that allows its user to borrow pre-approved funds at the point of sale in order to complete a purchase. Credit Cards have earned their existence & reputation as ‘affording clean credit at a price’ which the Indian banks were not doing or averse to be doing at the time of ‘debut’ of CREDIT CARDS in India. Since then, they have become a part & parcel of banking credit and have come to stay within the financial system of India. There are few things credit card companies do not want you to know and there has been an exponential increase in various types of credit card frauds. Consumers must be wary of these.

We shortlisted certain parameters based on importance/influential matrix and based on Consumer Questionnaire and have assigned points to rate the quality of service.

CREDIT CARDS STUDIED

 
  • PNB – Gold
  • Canara Bank – Visa corporate
  • Syndicate Bank – Global Classic
  • Indusind Bank – Chelsea FC
  • RBL Bank – Money Trap
  • Kotak Mahindra – Feast Gold
  • HDFC Bank Platinum
  • ICICI – Coral

PARAMETERS STUDIED

 
  • Onetime Fee
  • Cash Withdrawal Charge per Transaction
  • Minimum Free Period
  • Late Payment Charges
  • Non-payment Cheque Return Charge
  • Reward Program
  • Balance Transfer Fee
  • Loss/damaged Card Fee
  • Yearly Interest Charged on Card Dues
  • Cards on Offer
  • Card Insurance Available
  • Consumer Feedback.

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