Credit Card


Credit Card

Credit cards are a convenient alternative to cash for making transactions both online and offline. There are two big advantages with credit cards. First, you can continue to make purchases through them, even if you do not have adequate funds in your bank account. Provided you keep paying your credit card bill in full and by the due date, your credit card transactions come at zero extra cost. The second advantage is the benefits credit cards offer in the form of rewards, cash backs etc.

To make the most of a credit card, you need to first have the right card suiting your spend pattern, lifestyle and needs. At Motley, we help you know everything about the best credit cards available in the market from India’s top banks and the one you should choose.

Why You Should Have A Credit Card?

Apart from offering the ease of use, it is essential to have a credit card for the following reasons:

  • Helps in building a good credit score
  • Interest free credit period of up to 45 days
  • Hassle free transactions both online and offline
  • Comes with excellent rewards, cashbacks, discounts, offers, etc.
  • Handy in emergency financial situations
  • To make big ticket purchases and pay later in easy EMIs
  • All transactions are secure as they need OTP & PIN authentication

Benefits of A Credit Card

Cardholders can enjoy the following benefits that come with their credit card-

Welcome Offers:

Most credit cards these days come with welcome benefits in the form of gift vouchers, discounts or bonus rewards points.

Airport Lounge Access:

Some credit cards also offer a certain number of complimentary lounge visits in a year at domestic airports and international airports. Travel-centric cards and premium cards especially offer these benefits.

Reward Points or Cash Back:

Every time you make a purchase on your card, you receive reward points, air miles, or direct cashback credited to your account. The accumulated reward points can be redeemed to avail gifts and merchandise whereas cashback is directly applied to your card account. Air Miles can be used to book flight tickets at discounted rates.

Cash Advance:

You can also withdraw cash directly from an ATM using your credit card. This is quite beneficial in times of emergency when you need some urgent cash.

Fuel Surcharge Waiver:

Almost all the cards come with this benefit under which whenever you refill your vehicle, the surcharge will be waived off provided that you spend a certain amount.


Credit cards also offer insurance and cover accidents up to a certain amount. It may be an air accident coverage, lost card liability cover, or an overseas hospitalization cover.