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A credit card is a handy way to meet immediate expenses when you are low on cash flow. A credit card gives you access to funds for any purchase or expenses based on your limit. Following this, you get a month to make repayments towards the used up limit.

Credit cards are also convenient for both online and offline transactions. You do not have to worry about carrying cash with you anymore. Not just that, you can enjoy several perks and benefits with every spend.

• Rewards Credit Cards: With these credit cards, the cardholder earns rewards points for every purchase or transaction.
• Corporate Credit Cards: Business or corporate credit cards are designed for companies, businesses, limited companies, banks, and partnerships that need an account to keep a track of its expenses.
• Cashback Credit Cards: This type of credit card offers cashbacks on purchases made using the card.
• Entertainment Credit Cards: These cards offer discounts and rewards on purchase of entertainment products.
• Lifestyle Credit Cards: These are mostly premium credit cards that offer benefits in the lifestyle segment, such as access to golf clubs, exclusive dining privileges in partner restaurants, discounts on travel, etc.
• Prepaid Credit Cards: These credit cards are similar to debit cards having the benefits of a credit card. You can deposit a certain amount in an account which becomes your credit limit against which you can swipe the card. These Credit cards are ideal for individuals with low Credit score.
• Travel Credit Cards: These cards are usually offered by banks or other financial institutions in association with travel websites and airline companies. Thes cards offer special discounts and privileges for bookings on these airlines and portals, such as air miles, access to airport lounges, rewards points, travel insurance, extra luggage, etc.
• Secured Credit Cards: As the name suggests, these cards are issued against a security amount deposited by a cardholder. Customers having a poor credit score can open a fixed deposit in favour of the bank to get these credit cards.
• Student Credit Cards: These cards are issued to college students aged 18 years or above. They are valid for 5 years and have very low credit card interest rates and low credit limits. Many banks offer these cards as add-on cards to their parents' credit cards.
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• Credit Cards are the perfect alternative to cash. There is no need for carrying large amounts of money when you have a Credit Card.
• You get an interest-free window depending on the date of billing and the due date. The maximum interest-free period is between 45 and 55 days.
• Credit cardholders can avail cash advance facility on an urgent basis. Every Credit Card comes with a cash advance limit (not an interest-free advance). You have to pay interest on the cash advance portion from day 1.
• You can own a Credit Card and enjoy various benefits that come with it such as bonus points, gift vouchers, rewards programs, cashback benefits, and multiple other benefits.
• Banks allow credit cardholders to apply for add-on cards for their family members. They can use these cards on an individual basis.
• Banks issue unique Credit Cards that allow the cardholders to avail travel benefits like air miles, airport lounge access, airline offers, hotel offers, and travel insurance. These cards are also known as Co-branded Credit Cards.
• Some Credit Cards come with lifestyle benefits like dining, shopping, entertainment, and wellness and so forth.
• Many banks offer fuel surcharge waivers to their credit cardholders.
• Proper usage of the Credit Card can improve your credit history.
• Today, you have international Credit Cards that allow you to make payments in foreign currency. You can also withdraw cash in foreign currency when you travel abroad.
• There are Credit Cards that come with general insurance coverage. Some cards come with lost card liability or insurance to protect the cardholders from missing cards and forged transactions.
• Various banks offer credit cards balance transfer options to transfer the outstanding balance on existing credit cards at low interest rate.