Exploring Different Types of Credit Cards: Which One Suits You Best?

Credit cards come in various types, each designed to cater to different spending habits. In this video, we’ll take you through the different kinds of credit cards you could explore.

From cashback cards that might reward you on every transaction to lifestyle cards offering perks on dining and shopping, there’s something for everyone. Love shopping? Shopping credit cards could offer exciting rewards and cashbacks for your purchases, both online and offline. Entertainment cards might give you access to movie ticket discounts and more, while fuel cards could help you save on rising fuel prices. And for the frequent traveller in you? Travel and airline cards could offer flyer miles, lounge access, and other privileges.

We’ll also cover business cards that might help small firms manage their expenses, secured cards that could improve your credit score, and co-branded cards offering exclusive perks with partnered brands.

Whether you’re a student looking for flexibility or seeking premium perks with a signature card, you’ve got a range of options to choose from. Let’s get started and explore the credit card world together!

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Key Takeaways

Credit cards come in various kinds, each designed for specific spending categories and needs

Cashback cards might offer a percentage of your purchase back as cashback on every transaction

Lifestyle cards could provide discounts and cashbacks on dining, shopping, and leisure activities

Shopping credit cards might offer rewards and cashback on purchases made online or offline

Entertainment cards could offer discounts, rewards, and cashback on movie ticket purchases

Fuel credit cards might help you save on fuel with discounts, cashbacks, and surcharge waivers

Travel cards could offer privileges like flyer miles, cashback, and rewards on travel-related expenses

Airline credit cards might provide frequent flyers with perks like lounge access and rewards on flights

Co-branded credit cards are issued in partnership with brands and offer exclusive perks and discounts

Premium/Signature credit cards could provide luxurious benefits like flexible limits, global access, and concierge services

Business credit cards might help small businesses manage expenses with higher limits and rewards

Secured credit cards could help improve your credit score when backed by a fixed deposit

Frequently Asked Questions
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Premium or signature credit cards could offer exclusive privileges. They offer flexible spending limits, complimentary insurance, and access to premium services. You might be able to enjoy benefits like worldwide assistance, lounge access, etc. tailored for a luxurious experience.
With cashback credit cards, you might receive a percentage of your spending back on every transaction. This could help you earn rewards with regular purchases, potentially boosting your savings over time.
Co-branded credit cards, like the Bajaj Finserv RBL Bank Credit Card, offer brand-specific benefits, exclusive discounts, and access to special events. These cards are generally a result of partnerships between a brand and a credit card provider.
Secured credit cards, backed by a collateral like an FD, could help build or improve your credit score. The credit limit might be set based on a percentage of the collateral. This could offer a secure way to manage your credit.
Travel credit cards could offer perks like flyer miles, reward points, and cashback on travel-related expenses. You might need to redeem these points for flight bookings, hotel stays, and other travel services. This could make your trips more rewarding.
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