How to Apply for a Credit Card Online and Enjoy the Best Deals
Customers who wish to get a credit card today can benefit from some of the best credit card deals by applying for their credit card online. An added benefit to applying online is the convenience of a quick and seamless application process. This article elaborates on how you can apply for an online credit card in four simple steps and helps you understand certain important credit card-related terms to help you select the best credit card online.
How to apply for an instant credit card?
Applying for an instant credit card is a convenient process online. Here is how customers can sign up for any of the best cashback-offering credit cards in the market in three simple steps after visiting a credit card application link provided by the bank:
- Customers should input their details: As the first step, customers should input their basic details such as their mobile number, PAN, and Aadhaar details.
- They must browse through card offers: As the next step, the customer must select the credit card that interests them. There are multiple categories to choose from. Some of these categories are standard credit cards, cashback credit cards, travel credit cards, premium credit cards, and co-branded credit cards.
- Finally, they should complete their application: As a final step, to apply for a credit card online, they must complete their video KYC application and sign the digital application form to get their card.
Understanding credit card-related terms
To select the best cashback credit card, you must know certain credit card-specific terms:
| Credit card term | Meaning |
| Annual fee | The card issuer can charge you an annual fee for the service that they provide through the credit card. Certain banks waive this fee altogether and offer lifetime-free credit cards. For instance, IndusInd Bank’s EazyDiner Platinum Credit Card is a lifetime-free card with no annual fees or joining fees. |
| Credit limit | The total credit line afforded by the bank to the borrower. The credit limit is determined by the borrower’s monthly salary, credit score, and repayment history. |
| Billing cycle | The period between the closing of the previous credit card statement and the next statement’s date is called the billing cycle. Most cards usually have a thirty-day cycle. |
| Due date | The fixed monthly date by when you must pay all your outstanding credit card dues. In the event of a failure to make this payment, the bank levies a late payment penalty. |
| Grace period | Also called the “interest-free period”, the grace period is the period from the issue of your credit statement to the payment due date when the bank charges no interest on your outstanding credit card dues. |
| Interest rate | Every credit card issuer charges an interest rate from the borrower in lieu of their using the credit card. The interest rate is specific to the type of credit card. |
Deals you can enjoy on your online credit cards
- Fuel surcharge waiver: Most online credit cards offer a 1% fuel surcharge waiver across all fuel stations in India. IndusInd Bank’s EazyDiner Platinum Credit Card also offers this benefit.
- Complimentary lounge access at domestic and international airports: Most online credit cards offer complimentary lounge access (two to four times a year) at domestic and international airports.
- Cashback on retail expenses: Online credit cards also offer a cashback on all the retail expenses made by the cardholder using the credit card.
- Reward points on making more expenses: Banks also offer more reward points to customers who make more purchases using their credit cards. The EazyDiner Platinum Credit Card, for instance, allows cardholders to earn 2 reward points for every ₹100 spent on certain expenses.
Conclusion
You can apply for a credit card online in just a few minutes through a completely digital application process and enjoy instant approvals. Before you apply, however, make sure to browse through the different types of cards, from the best cashback–offering credit cards to travel credit cards. This will help you pick a card that allows you to maximise rewards based on your spending habits and lifestyle.