People will usually buy a lot of gold and new items considering Diwali to be an auspicious time. Hence the market provides amazing deals and offers throughout this festival so people can enjoy Diwali and have a blast.

Owning a credit card gives you access to a variety of offers and memberships. Moreover, the points earned on using credit cards can be redeemed to avail an extra discount on future purchases.

Below are the reasons why we think you must apply for online credit cards today:

1. Purchase Anything, Anytime
   With a credit card, you can purchase anything you want and at any time until your maximum credit limit. That is not the case when it comes to a debit card as you can only purchase things that cost within your savings balance. With Diwali, you don’t know when any expense can come up. Hence with a credit card, you can always be ready.
2. Renovating The House Isn’t Cheap
   Even buying small furniture items don’t come cheap. Hence by swiping your credit card you can get whatever you need and get it sorted.
3. Improve Your Credit Score
   Utilizing the services of your credit card and paying your bills on time helps you in maintaining an amazing credit score. This score will help you get the best deals on any loans that you will require in the future. You will also be in a position to get the lowest interest rates that the lender has to offer.
4. Ruloans Gives The Best Deals
   When you visit Ruloans, you don’t just get quotes from one Bank! We help you compare credit cards from different lenders. You can read, compare and choose the best credit cards as per your needs. Hence visiting our website saves you a lot of time on research and also interest money.

Hence with Diwali, just a week away, make the right choice and apply online for the best credit cards only via Ruloans!

Apart from loans, credit card too is very indispensable in today’s scenario. People require more cash than they hold in their accounts and with the use of the cards they can fulfil their wants.

But did you know that apart from easy spending, you can also take a loan on it? Yes, there’s a facility where you can do so! For starters, credit cardholders can get a pre-approved loan from their bank (which is within their credit limit). Like personal loans, you will have to repay the loan amount back through monthly EMIs.

Here are some important features of taking a loan against your credit card.

1. Fastest documentation process:
   Guess the best part of this loan process? It’s the documentation process. Since you already gave your documents to the bank while applying for a credit card, so when you apply for a loan, there is hardly any paperwork that’s required.
   
   
2. Loan Eligibility Criteria
   As credit cards are unsecured loans and require no collateral, Banks will look at your eligibility and then will confirm a loan amount for you. The criteria will be very strict as you must have a good credit history in order to qualify for the best deal on this loan.
   
   
3. Interest Rates
   Here’s the game-changer. Interest Rates for a loan against a credit card is very high. You can expect it to be 12% or more. This rate can further increase on the basis of your credit history.

To conclude, we wish to tell you that getting a loan on your credit card is easy and very quick. You can keep this as one of the options while looking for a loan! If you wish to apply for online credit cards, you can visit Ruloans where you can choose and compare credit cards. Get the best deals today – https://www.ruloans.com/credit-card.htm

Banks and NBFCs have seen this rise and have kept offering credit cards with amazing deals and attractive schemes. There are so many credit cards today that choosing anyone can get difficult.

How can I choose the best credit cards?

You can choose the best credit cards by defining your use. You must understand that there are different types of credit cards; some are for fuel, shopping, travel, dining and even saving. Hence once you decide what’s more important for you, we can move to the next step.

The next step will be to check the reward points, bonus, discounts, and cash back that are being offered by the credit card. Please note these points/discounts help you save a lot of money hence think wisely and choose the best credit card.

Why apply for credit cards from Ruloans.com?

Ruloans has been helping customers borrow right over a decade. We understand what the customer requires and hence can get you the best deal that you want.

Banks and NBFCs have understood this need of people living in India and hence provide attractive offers on credit cards. There are a variety of offers that are up for grabs which makes it difficult for us to choose which card is better for us.

So to make it easier for you, we have created a simple list that has 4 steps. Once you understand these 4 steps, you can get the best credit card for yourself. Here are the 4 simple points;

Step:1 Understand Your Credit Score:

This 3 digit number is very important for all your financial decisions. If your credit score is high, then getting a credit card approved becomes easier. Through this, you get the best credit card that matches your profile and needs.

Step:2 Choose a Card Based On Your Bill Payment Pattern:

With a credit card bill, you will either pay it in full or pay a minimum balance. So it’s wise to check credit cards that don’t charge high interest when you only pay the minimum balance on the bill. So on basis of your payment pattern, you can actually look for cards that are perfect for your needs.

Step:3 Balance Transfer To a New Card:

When you want to balance transfer from your existing credit card to a new credit card, please look out for lowest interest rates being offered. Doing this allows you to find the best credit card which will help you save a lot of interest money.

Step:4 Choose Card As Per Rewards:

The thing about credit cards is that there are so many of them available and they have a lot of rewards associated with them. There are credit cards with rewards purely on cashback, discounts, travel etc. So if you prefer any one type of reward, you can choose a card as per the rewards.

Overall, choosing credit cards look difficult but with these 4 simple steps, you not only will find the best credit card but also save a lot of money! If you need help finding the best credit cards, do visit Ruloans.com.

Why should I use credit card?

A credit card allows you to purchase or repay bills when you don’t have money in your savings account. Even if you don’t have currency or a debit card, you can swipe your credit card and manage your expenses.

Who is eligible for credit card?

Any salaried or self employed person who has a regular source of income can fulfill credit card eligibility.

What are the benefits of credit card?

Advantages of credit cards are;

In month end moments when salary hasn’t been credited and you need cash, a credit card can come to your rescue.

Improve credit history. When you use your credit card and repay the monthly bill on time, you can improve your credit score.

What are the disadvantages of credit card?

Disadvantages of credit cards are;

Nonstop spending. Just because your credit card allows you to purchase anything on credit, you might tend to overspend by swiping.

High interest fees. There is a high interest fee charged on credit cards. If you default on your bill payment, the interest rate can even go above 30%.

What are the best credit cards in India?

There are many types of credit cards in India. In order to find the best credit card in India, you must see if the card comes with no annual fees, less or zero renewal fees, cash backs, reward point structure and lastly how this card can benefit with your lifestyle.

To understand more about the best credit cards, visit Ruloans.com as here you can compare and choose the best cards from major Banks and NBFCs in India.

However, using a credit card in any way affects your credibility. Using it well will help your credit score go up and not paying the bill on time can affect your credit score. There are 5 ways how your credibility can be affected on the way you use your credit card; they are as follows;

Applying for many credit cards:

The golden rule here is that you apply for a credit card only when you need it. Applying for many credit cards weakens your financial profile as the lender will relate many credit cards to desperation of credit. Hence be cautious here and maintain one credit card.

Not paying bills on time:

Not paying credit card bills on time affects your credibility. Hence using the credit card for emergencies is wise. Repaying back only the “minimum amount due” is a bad indicator and the lender gets the impression that you cannot manage your finances properly.

Utilizing a higher credit ratio:

A credit utilization ratio is the ratio of credit available and credit utilized. Lenders are cautious of individuals who have a higher credit utilization ratio because this shows you are dependent a lot on credit. Hence there is a possibility of you defaulting on one or more payments. An individual must try and keep a lower utilization ratio than 30%* of the available credit. If the expenses are higher, perhaps you can ask the lender to increase your credit limit.

Not paying timely bills on add on cards:

Add on cards are provided to many customers. These cards are given to the parents, spouses, children etc to use. The bills are sent to the primary card holder. In case the payments are not made on time, the credit score is affected of both; the primary and add-on card holders. Hence an individual must be cautious as to whom the add-on cards are given.

Credit card account closure:

Closing your credit card account does not mean that your credit history will get erased on their own. You need to pay your bills on time without defaulting. Also lenders find a profile with longer credit history safer than the one with short credit history. Hence you need to carefully evaluate your decision of closing credit card.

To know more about credit cards