In an era of increasing financial prudence and digital transactions, having a credit card is almost a necessity. It provides financial flexibility, convenience, and the opportunity to build a good credit score. For those starting their credit journey or looking to improve their credit scores, secured credit cards are an excellent option. Among the myriad of choices available, the Bajaj Finserv RBL Bank Credit Card and the Bajaj Finserv DBS Bank Credit Card stand out, not just for being secured options, but for offering excellent rewards, thereby ranking high among credit cards with good rewards.
What are Secured Credit Cards?
Secured credit cards require a security deposit or collateral, which typically serves as your credit limit. This feature makes them an ideal choice for first-time credit card users or those looking to rebuild their credit history after a financial setback. Apart from the primary goal of improving credit scores, many secured credit cards today also come with benefits like reward points, cashback offers, and discounts, making them an attractive financial tool.
The Benefits of Bajaj Finserv Co-branded Credit Cards
When it comes to secured credit cards with good rewards, the co-branded credit cards offered by Bajaj Finserv in collaboration with RBL Bank and DBS Bank deserve special mention.
Bajaj Finserv RBL Bank Credit Card
1. Reward Points and Cashback
The Bajaj Finserv RBL Bank Credit Card is designed to provide users with substantial rewards for their spending. With every transaction, users earn reward points that can be redeemed for various products and services. These points can be accumulated quickly through regular purchases like groceries, fuel, dining, and online shopping.
2. Interest-Free Cash Withdrawals
One of the standout features of this credit card is the ability to withdraw cash without interest for up to 50 days. This is particularly beneficial for those times when you find yourself in need of liquid cash but want to avoid the hefty interest charges that typically accrue with cash advances on traditional credit cards.
3. Easy EMI Conversion
Bajaj Finserv RBL Bank Credit Card holders can convert their high-value purchases into manageable monthly installments. This feature ensures that you can make large purchases without straining your monthly budget, thus making it easier to plan and manage your finances.
4. Comprehensive Insurance Coverage
The card offers complimentary insurance coverage, including protection against card loss and fraudulent transactions. This provides an added layer of security and peace of mind.
Bajaj Finserv DBS Bank Credit Card
1. Lucrative Reward Programs
The Bajaj Finserv DBS Bank Credit Card also offers an enticing rewards program. Cardholders earn reward points on daily expenditures which can be redeemed against a wide array of options, including travel, merchandise, and gift vouchers.
2. Low Interest Rates and Fees
With competitive interest rates and minimal charges, this card ensures that you can make the most out of your credit card transactions without worrying about excessive fees. The card also offers low foreign exchange markup fees, making it a great choice for international travelers.
3. Exclusive Lifestyle Benefits
This credit card ensures an enriched lifestyle experience with exclusive dining, shopping, and travel offers. Partnering with numerous merchants, it provides discounts and special deals that can bring substantial savings.
4. Emergency Loan Facility
In case of emergencies, Bajaj Finserv DBS Bank Credit Card holders can avail of a loan facility against their credit card limit. This feature can be a lifesaver in times of unforeseen financial crunches.
Applying for Your Bajaj Finserv Co-branded Credit Cards
Thanks to the convenience of digital banking, you can easily online apply credit card from Bajaj Finserv. Here is a step-by-step guide to help you get started:
Step 1: Check Eligibility and Requirements
Before applying, ensure that you meet the basic eligibility criteria, which usually includes age, income, and residency requirements. You will also need to provide KYC documents like ID proof, address proof, and income proof.
Step 2: Visit the Bajaj Finserv Website
Go to the official Bajaj Finserv website and navigate to the credit card section. Select the Bajaj Finserv RBL Bank Credit Card or the Bajaj Finserv DBS Bank Credit Card, depending on your preference and needs.
Step 3: Fill the Online Application Form
Complete the online application form with accurate personal, professional, and financial details. Double-check the information you provide to avoid any discrepancies.
Step 4: Upload Necessary Documents
Upload the required documents to substantiate the details provided in your application. Ensure the documents are clear and legible to expedite the verification process.
Step 5: Submit the Application
Submit the application form and await a confirmation message or email from Bajaj Finserv. You may also be required to complete an OTP-based verification process.
Step 6: Verification and Approval
Once submitted, your application will go through a verification process. If all details and documents are in order, your application will be approved, and the credit card will be dispatched to your registered address.
Conclusion
Secured credit cards offer an excellent opportunity to build or improve your credit score while enjoying the benefits associated with traditional credit cards. Bajaj Finserv’s co-branded credit cards with RBL Bank and DBS Bank not only provide robust financial tools to help manage your expenses effectively but also come with enticing reward programs and benefits. So, take the step towards financial empowerment and online apply credit card today to start reaping the rewards.
