Factors that Might Make Your Credit Card Application Waiting

-
Image
If you’ve ever applied for a credit card and waited weeks or even months for a response, you know how frustrating it can be. Several factors can delay the approval of your credit card application, and understanding these factors can help you avoid the waiting game and get the credit you need more quickly. We’ll take a look at some of the most common factors that might cause your credit card application to be delayed. Credit score One of the primary factors that credit card issuers consider when evaluating applications is the applicant’s credit score. If your credit score is low or if you have a limited credit history, assess your application and decide whether you are eligible for the card, the issuer might need more time. To avoid delays due to your credit score, check your credit report before applying for a card. Every year, the three major credit reporting agencies will provide you with a free copy of your credit report ( Equifax, Experian, and TransUnion). Examine your re
Post a Comment

Features Of IndiaOil Citi Credit Card

-

One of the top fuel credit cards in India is the IndianOil Citi Credit Card. Users of this credit card receive Turbo Points as rewards, which are redeemable for free fuel at approved IndiaOil fuel stations and never expire. This card is a wonderful option for everyday spending because it also offers additional benefits on grocery purchases. You may learn all about the Citi IndiaOil credit card in detail below.

Features and benefits of IndianOil Citi Credit Card

With this credit card, you may collect up to 4 Turbo Points on your fuel purchases and later exchange them for free petrol at a rate of 1 Turbo Point = Rs. 1. Here are some of the details are as follows:

  • Receive 4 Turbo Points for every Rs. 150 spent at an Indian fuel station.

  • 2 Turbo Points per Rs. 150 spent on groceries and at the stores.

  • 1 Turbo Point per Rs. 150 spent on all other categories.


Best For

Fuel Benefits

Joining Fee

Rs. 1,000

Renewal Fee

Rs. 1,000 (waived on the yearly expenditure of Rs. 30,000)

Welcome Benefit

Receive 250 Turbo Points on your first purchase within 30 days of receiving your card.

Best Feature

You’ll receive 4 Turbo Points for every Rs. 150 spent at IndianOil fuel stations.

Other Benefits

You can receive additional benefits in addition to reward points, such as welcome benefits, waiver of yearly fees, meal discounts, and more. Some more advantages of this credit card are listed below:

Welcome Benefits: Within 30 days of receiving your card, you may earn 250 Turbo Points on your first purchase.

Annual Fee Waiver: This credit card offers an annual fee waiver when you use it to make purchases totaling Rs. 30,000 in a given year.

Fuel Surcharge Waiver: 1% of the fuel fee on your purchases at IndianOil-authorized fueling locations will be waived.

Dining Offer: Receive up to 20% discount while eating at partner restaurants.

Charges of IndiaOil Citi Credit Card

The table below includes information on the charges related to the Citibank IndianOil Credit Card:


Types of Charges/Fees

Amount

Joining Fee

Rs. 1,000

Annual/ Renewal Fee

Rs. 1,000 (Waived yearly expenditure of Rs. 30,000)

Finance Charges

3.75% per month (45% per annum)

Late Payment Fee

For Statement Balance:

Up to Rs. 2,000: Nil

Between Rs. 2,000 and Rs. 7,500: Rs. 600

Between Rs. 7,500 and Rs. 15,000: Rs. 950

Above Rs. 15,000: Rs. 1,300

Cash Advance Charges

2.5% of the outstanding amount withdrawn, subject to a minimum of Rs. 500.

Replacement for a card that has been destroyed, stolen, or misplaced

Rs. 100

Overlimit Charges

2..5% of the amount over the credit limit (excluding fees, penalties, and taxes) subject to a minimum of Rs. 500.

Cheque, ECS, or ACH bounce fees

Rs. 500 per instrument that is returned.

Conclusion

The IndianOil Citi Credit Card offers benefits for the majority of purchases made with the card, although it is best suited for those who frequently need to purchase fuel. You may redeem your Turbo Points for any category, including fuel with a chance to receive up to 71 liters of free fuel every year. Also, the card offers excellent savings opportunities by waiving fuel surcharge and spend-based renewal fees in addition to Turbo Points.


Read More: Avoid These Mistakes While Using A Credit Card

Comments

Post a Comment

Popular posts from this blog

Ways To Get The Most Out of Your Rewards Credit Card

-
Image
Credit cards have become the most prominent financial tool these days and everyone owns them. With a credit card you have the freedom to borrow funds whenever you feel that there is a cash crunch. From the humongous varieties of credit cards, you can choose to apply for a rewards credit card . You can consider applying for SBI SimplyCLICK credit card, IDFC First Select credit card, Axis Bank Select credit card, etc. from the best rewards credit cards. Hereunder are the few tips that you can use to make the most out of your rewards credit cards.  Select the right credit card: To make the most out of your rewards credit card you need to select the right credit card first. You need to analyze your spending habits, requirements, and financial health before choosing a credit card. There is a wide range of best rewards credit cards among them you can definitely find a credit card that complements every factor in your profile.  Earn welcome bonus: Some credit cards have a predefined condition
Read more

Best Credit Cards For This Diwali Season

-
Image
  Diwali is not just a festival in India it is an emotion. The positive vibes, the beautiful lights, new clothes, gifts, all this sounds heavenly, only if it was not for the lengthy expenses list. In this time and moment having a backup where you can put all your expenses is like a shoulder you can lean on. Credit Cards may help you in this situation, not only can you put all your Diwali expenses on your credit card without upsetting your budget but during the festive season, all credit cards offers amazing deals and discounts on all your transactions. Here under are some Best Credit Cards for this Diwali season SBI SimplySAVE Credit Card: The SBI SimplySAVE Credit Card is a trustworthy credit card that functions really well for everyday spending. This card's perks involve the opportunity to save money on basic everyday purchases & earn big rewards through them. Joining fee: Rs. 499 Annual fee: Rs. 499 Benefits: Spend Rs. 150 on restaurants, cinemas, groceries, and retail st
Read more

What Things Should I Look For While Selecting A Credit Card?

-
Image
A credit card is a powerful tool that can provide financial flexibility and rewards, but with so many options available, it can be difficult to know where to start. Choosing the right credit card can have a significant impact on your financial well-being. So it’s essential to take time to find the one that’s right for you. In this article, we will discuss the things you should look for when selecting a credit card. Interest Rates: The first thing to consider when selecting a credit card is the interest rate. Credit card interest rates can vary widely, so it’s essential to compare the rates offered by different cards to find the best deal. If you plan to carry a balance, look for a card with a low-interest rate. If you plan to pay off your balance in full each month, a higher interest rate may be less of a concern. Rewards and benefits: Credit card rewards and benefits can be significant factors in selecting a card. Look for a card that offers rewards or cash back on the types of
Read more