Factors that Might Make Your Credit Card Application Waiting

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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
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Features Of IndiaOil Citi Credit Card

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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

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