Credit Cards in India: Now an Easy Option for Every Individual
The Bank of Baroda credit cards are now-a-days preferred by most of the people for having their money transaction done almost in all retail shops and outlets without carrying any cash. These credit cards fall in six major categories which are the Silver card, the Exclusive General card, the Gold Visa/Master card, Exclusive Woman/Youth card, NextGen card and the Corporate Global card.
The Silver card is related to Visa international and is accepted worldwide. Any person who has an annual income of 75,000 rupees is eligible to avail for this card. This card features the revolving credit upto 25,000 rupees. Revolving credit does not have a fixed number of payments in contrast to the installments. In order to apply for this particular credit card, some certain proofs are needed such as the Income Proof, Address Proof, a photocopy of Pan Card, photograph, a minimum of 3 months of bank statement. All these documents are needed to be self-attested.
The Gold visa/Master card is joined with Master Card International and is valid throughout the world. It is internationally accepted over 30 million locations and can be accessed in 8,00,000 ATMs worldwide. The person who is eligible for this credit card should have an annual income of a minimum of 1,50,000 rupees. It features the revolving credit of upto 75,000 rupees. In order to apply for this card, one needs to deposit relevant documents such as Pan Card, personal photograph, bank statements, Address Proof and income proof.
The NextGen credit card is one of the popular Bank of Baroda credit cards mainly availed by students. Students who are 18 years of age and have a professional degree/diploma are eligible to own this card. Its revolving credit is only upto 15,000. The documents needed are date of birth, address proof, photo and Institution I card copy.
The Exclusive Woman/Youth card is mainly granted to those women who have a selfless contribution towards the society. Through this card, the Bank offers gratitude to these women. This card is granted to those people who have an annual income of Rs. 75,000. Its revolving credit limit is upto 30,000. In order to apply for this card, one needs to deposit the income proof, Address Proof, A photocopy of Pan Card, photograph and a minimum of 3 months of bank statement. All these documents should be self-attested. The Corporate Global credit card is affiliated with Visa International and is valid throughout the world on over 30 million establishments and can be accessed in 8,00,000 Visa ATM's. This card is mainly ideal for the corporate firms. This is not granted to any individual rather it is granted to a firm or company. Its revolving limit is upto 3 lakhs. In order to apply for this card, the documents which are needed are last 3 years audited Balance sheet and P&L A/c copy, Board resolution / undertaking letter, Memorandum of article and association, PAN card of company, Board resolution, IT return of company and Photograph of applicants. However, Deutsche Bank credit cards are also widely used credit cards. These cards even offer various facilities and people are getting benefited through these cards. It won't be wrong if I consider Bank of Baroda credit cards and Deutsche Bank credit cards to be among the best credit cards in India.
About the Author:
Addi Vardhaman is a Business writer for paisawaisa.For more to on best credit cards in India just visit http://www.paisawaisa.com/
