Establishing credit for the first time can be a daunting task. As a newcomer to the world of credit, selecting the right credit card is crucial. Among the key players in the market, the best credit cards for beginning credit not only help you build a solid credit history but also offer a plethora of rewards and benefits. In this article, we’ll delve into the advantages of starting with the best credit cards for beginning credit, particularly those offered by Bajaj Finserv in collaboration with RBL Bank and DBS Bank. We’ll also cover the perks of contactless credit cards and how you can apply for these cards.
Why Starting with the Right Credit Card Matters
When it comes to building credit, the initial steps are the most important. A good starter credit card provides the foundation for your credit history, which impacts everything from loan approvals to interest rates and beyond. Choosing the best credit cards for beginning credit can make this journey smoother by offering the following benefits:
1. Low or No Annual Fees: Starter credit cards often come with low or zero annual fees, making them affordable.
2. Easy Approval: These cards are specifically designed for individuals with limited or no credit history, often making the approval process less stringent.
3. Credit Building: Timely payments on these cards contribute positively to your credit score.
4. Rewards and Perks: Many starter credit cards offer rewards like cash back, discounts, and more.
Contactless Credit Cards: Convenience and Security
One of the cutting-edge features to look out for in credit cards today is contactless payment technology. Contactless credit cards use Near Field Communication (NFC) to let you make secure payments by simply tapping your card against a POS terminal. Here are some benefits:
– Speed: Transactions are faster compared to traditional swipe or chip methods.
– Convenience: No need to enter a PIN for smaller amounts.
– Security: Reduced physical contact decreases the risk of fraud.
Bajaj Finserv Co-Branded Credit Cards: Your Best Bet
Bajaj Finserv has collaborated with leading banks like RBL Bank and DBS Bank to offer credit cards tailored for individuals looking to build their credit history. Let’s explore the perks of these co-branded credit cards.
Bajaj Finserv RBL Bank SuperCard
Benefits:
1. Rewards on Every Transaction: Earn points on every purchase, which can be redeemed across categories like travel, shopping, and dining.
2. No-Cost EMI Conversion: Convert high-value purchases into easy EMIs without extra charges.
3. Quick Loan Against Credit Limit: Emergencies can be managed by taking a loan against your credit limit at an interest rate as low as 1.16% per month.
4. ATM Cash Withdrawal: Withdraw cash from ATMs with a nominal interest, giving you liquidity in emergency situations.
5. Fuel Surcharge Waiver: Save on fuel expenses thanks to the fuel surcharge waiver.
Bajaj Finserv DBS Bank Credit Card
Benefits:
1. Cashback Offers: Enjoy cashback on categories like groceries, dining, and entertainment.
2. Travel Benefits: Access airport lounges and enjoy complimentary travel insurance.
3. Low Forex Markup: Great for international travelers, offering lower forex markup fees compared to other cards.
4. Digital Onboarding: Easy and quick application process, often completed within minutes using digital methods.
5. Personal Concierge: 24/7 personal concierge services for travel and lifestyle needs.
How to Apply for Bajaj Finserv Credit Cards
Applying for these co-branded credit cards is a straightforward process:
1. Online Application: Visit the official Bajaj Finserv website.
2. Eligibility Check: Complete a preliminary eligibility check by providing some basic details.
3. Documentation: Prepare your documentation, like PAN card, Aadhar card, proof of income, and a recent photograph.
4. Submit Form: Fill out the application form online and submit it along with the required documents.
5. Approval and Dispatch: Upon approval, the credit card is dispatched to your registered address.
Alternative Methods:
– Via App: Download the Bajaj Finserv app to apply directly from your smartphone.
– Customer Care: Call their customer care for assistance in filling out the application form.
– In-Person Visit: Visit any Bajaj Finserv partner outlet for a face-to-face application process.
Conclusion
When you are just starting to build your credit, selecting the best credit cards for beginning credit is crucial. The Bajaj Finserv co-branded credit cards with RBL Bank and DBS Bank stand out for their excellent perks and benefits, making them ideal for newcomers. Furthermore, the convenience of contactless credit cards adds an extra layer of security and ease. With simple application processes and rewards galore, these cards provide an optimal solution for your credit-building journey. Apply today and take the first step toward a solid financial future.