Credit Cards

Providing the best credit cards to customers.

Different Types of Credit Cards in India

As of today, credit cards are critical tools that empower a person to acquire goods, and avail of services with the comfort of making payments for those purchases on another date. Banks and NBFCs issue credit card with credit limits, and the holder has to repay the amount used inside the allotted credit limits in accordance with the agreed due dates. The financial institution decides terms and conditions of the credit extended in agreement with the cardholder.

From travel to shopping, to expenses for day-to-day life, and various other needs, credit cards are meant to buy now and pay back later. There are many types of credit cards; some are secured credit cards, some deal with rewards, some are speciality cards that deal with important day-to-day needs such as fuel. Even cash back credit cards, and co-branded cards are a segment offered by financial institutions. With the use of these card, you can increase your credit score too.

Credit cards Users
Credit Card

Best Credit Card Available In India

World Capital Finmart offer Credit card with no annual fees, also known as “lifetime free credit card”, offer the unique benefit of zero joining fee and zero annual fee on your card.

Credit Card Eligibility

 Word Capital FinMart offers a selection of credit cards in association with Partner Banks and NBFCs to suit individual profiles based on requirements. Each partner financial institution issues credit cards based on eligibility criteria that differ. Here are the generic few of those prescribed criteria, which you need to fulfil before issuing your choice of credit card.

Generic eligibility criteria to avail a Credit card

Documents Required for Credit Card

Documents Required

Duly Filled Application Form

  • Passport-Size Photographs
  • Identity and Signature Proof
  • Passport
  • Pan Card
  • Driving License
  • Voter ID
  • Aadhar Card
  • Employee Identity Card in case of Government Employees

Address Proof

  • Bank Statement
  • Rent Agreement
  • Voter ID
  • Ration Card
  • Passport
  • Bills
    • Telephone
    • Electricity
    • Water
    • Credit Card Bill
    • Property Tax

Photo Identity Proof/ Age Proof

  • Voter ID
  • Secondary School Leaving Certificate
  • Birth Certificate
  • Passport
  • Aadhar Card
  • Pension Payment Order
  • Receipt of LIC Policy

Income Proof

  • Salary Certificate
  • ITR
  • 2 years Form 16
  • Advance Income Tax Paid Challans
  • 3 years Assessment Orders
  • Registration of Business

Applicable Charges

Credit services via credit cards offered Banks and NBFCs are of various types. Some of them are mentioned below.

Joining fee

Joining fees are a one-time fee charged when you are issued a credit card.

Annual fee

Just like a renewal fee that permits you to use a service, financial institutions charge you an annual fee every year to continue with your credit services.

Paper Statement Fee

Credit Card Online statements are the norm of the day; yet at times, you require a hard copy or a paper copy of your statement, for which you have to pay a paper statement fee.

Cash Withdrawal Fee

Your credit card also works as an ATM card, which enables you to withdraw hard cash at an ATM. Financial institutions generally charge you a cash withdrawal fee for this additional facility.

Late Payment Fee

You may at sometime forget to pay or miss your credit card payment deadlines, and for this you are liable to pay penalty charges as a late payment fee.


All credit card transactions are taxed in accordance with prevailing rates in the country. Known as Goods and Services Tax, the levy applies to annual fees, interest payments, and processing fees.

Over-Limit Fee

Subject to your credit card type, you are allowed to spend above your agreed credit limit, for which you pay a over-limit fee in accordance with the terms and conditions in your agreement.

Interest Rate (APR)

Your Credit Card Annual Percentage Rate comes in to effect when you fail to pay your outstanding credit balance. You are required to pay a certain amount as interest at an interest rate decided by your card issuer.

Foreign Currency Mark-up Fee

When you use your credit card globally, you are liable to pay an extra fee for the foreign transactions. The charges payable are known as foreign currency mark-up fees, and these are charged as a percentage of the transacted amount.

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