Best Rewarding Credit Cards for Online Shopping and Low CIBIL Score Holders

 

Introduction

With the rapid growth of e-commerce and the rise of digital payments, online shopping has become a part of everyday life. From groceries to gadgets, everything is just a click away. To make the most of this convenience, having the Best Credit Card for Online Shopping can offer rewards, cashback, and discounts, allowing you to save more on every purchase.

But what if you have a low CIBIL score? While it may seem difficult to get approved for a credit card, there are still options. Banks and financial institutions now offer a Credit Card for Low Cibil Score to help individuals improve their credit score while enjoying the benefits of a credit card.

This article will guide you on how to select the Best Rewarding Credit Card for your needs, whether you're a frequent online shopper or someone looking to build a stronger credit history.

Why You Need a Credit Card for Online Shopping

Online shopping is convenient, but with the right credit card, it becomes rewarding too. Here’s why having the Best Credit Card for Online Shopping is a smart choice:

  1. Cashback on Purchases
    The Best Credit Card for Online Shopping offers cashback on purchases from e-commerce platforms like Amazon, Flipkart, and Myntra. You can save a percentage of your total spend, turning everyday expenses into valuable savings.

  2. Reward Points
    Some credit cards allow you to earn reward points on online purchases. These points can be redeemed for shopping vouchers, air miles, or statement credits, making every purchase more rewarding.

  3. Discounts and Offers
    Exclusive deals, festive discounts, and instant savings on partner platforms are common perks of having a card that focuses on online shopping. These offers can significantly reduce your expenses during big sales.

  4. Increased Security
    Using a credit card for online payments is safer than using a debit card. Credit card companies offer fraud protection and dispute resolution, which means you won’t be liable for unauthorized transactions.

  5. Zero Cost EMI
    If you're purchasing high-ticket items like electronics or gadgets, credit cards offer the option of zero-cost EMIs, allowing you to pay in smaller, interest-free installments.

With these benefits in mind, it's clear why the Best Credit Card for Online Shopping can be a valuable addition to your wallet.

Can You Get a Credit Card with a Low CIBIL Score?

A low CIBIL score (below 650) makes it challenging to get approved for traditional credit cards. However, some financial institutions understand that people with low credit scores also need access to credit to rebuild their financial standing. That’s where a Credit Card for Low Cibil Score comes in.

Here’s how you can qualify for a Credit Card for Low Cibil Score:

  1. Secured Credit Cards
    If your CIBIL score is too low, consider a secured credit card. These cards are issued against a fixed deposit (FD) held with the bank. The FD serves as collateral, and you can access a credit limit equal to a certain percentage of the deposit.

  2. Credit Builder Cards
    Credit builder cards are specifically designed for people with low credit scores. These cards typically come with a low credit limit and higher interest rates, but they provide an opportunity to improve your CIBIL score with timely payments.

  3. Joint Accounts or Add-On Cards
    If a family member has a good credit score, you can be added as an authorized user on their card. This option allows you to enjoy the benefits of a credit card while simultaneously boosting your credit score.

  4. Prepaid Credit Cards
    While not technically a credit card, prepaid cards work like debit cards with a set limit. They don’t help build a credit history, but they can help you avoid debt while managing expenses.

  5. Apply Strategically
    If you apply for multiple credit cards in a short period, it can further lower your credit score. Instead, target banks that offer a Credit Card for Low Cibil Score and avoid unnecessary hard inquiries on your credit report.

How to Choose the Best Rewarding Credit Card

A Best Rewarding Credit Card is one that maximizes your benefits, such as cashback, reward points, and discounts. But with so many options on the market, how do you choose the right one? Here’s what to consider:

1. Type of Rewards

Are you looking for cashback, reward points, or discounts? The type of reward you want will determine the card you choose. For online shopping, cashback cards are a great option as you get instant savings on every purchase.

2. Annual Fees and Charges

Many reward cards have an annual fee. Check whether the rewards you earn justify the fee. Some cards waive the fee if you reach a minimum spend threshold.

3. Interest Rates

If you plan to carry a balance on your credit card, check the interest rates. Lower rates will help you manage debt more effectively.

4. Partner Merchants

Some reward cards offer additional benefits when you shop on specific platforms like Amazon, Flipkart, or Myntra. If you frequently use certain e-commerce platforms, find a card that offers bonuses on those sites.

5. Ease of Redemption

Look for a Best Rewarding Credit Card that allows you to redeem points or cashback easily. Some cards offer statement credits, while others let you convert points to vouchers or gifts.

Top Picks for Online Shopping and Low CIBIL Score Holders

If you’re looking for the Best Credit Card for Online Shopping, Credit Card for Low Cibil Score, or the Best Rewarding Credit Card, here are some top options:

1. HDFC MoneyBack Credit Card

  • Rewards: 2 reward points on every ₹150 spent online.

  • Best For: Online shopping, cashback on e-commerce transactions.

  • Eligibility: Available to individuals with stable income and a moderate CIBIL score.

2. SBI SimplyCLICK Credit Card

  • Rewards: 5x reward points on online shopping with Amazon, BookMyShow, and Cleartrip.

  • Best For: Frequent online shoppers.

  • Eligibility: Available for those with a low to moderate credit score.

3. Axis Bank MY Zone Credit Card

  • Rewards: Discounts on movie tickets and shopping.

  • Best For: Rewards for entertainment, dining, and online shopping.

  • Eligibility: People with moderate credit scores.

4. ICICI Bank Platinum Chip Credit Card

  • Rewards: 2 reward points for every ₹100 spent online.

  • Best For: Everyday purchases and shopping.

  • Eligibility: Suitable for people with a moderate CIBIL score.

How to Apply for the Best Credit Card

Applying for a credit card is simple. Here’s how to do it:

  1. Check Your CIBIL Score
    Before applying, check your CIBIL score. If it’s low, look for a Credit Card for Low Cibil Score.

  2. Compare Cards
    Compare different cards based on benefits, fees, and interest rates. If you frequently shop online, prioritize the Best Credit Card for Online Shopping.

  3. Apply Online
    Visit the bank's website or use financial services platforms to submit an online application. Submit the required documents, such as ID proof, address proof, and income statements.

  4. Verification and Approval
    Once your documents are verified, the bank will notify you of the approval status. For low CIBIL score holders, approval may take longer.

  5. Receive and Activate Your Card
    Once approved, you will receive your card. Follow the instructions to activate it and start using your Best Rewarding Credit Card.

Conclusion

Whether you're looking for the Best Credit Card for Online Shopping, a Credit Card for Low Cibil Score, or the Best Rewarding Credit Card, there are plenty of options available in India. Choosing the right card depends on your financial goals, shopping habits, and credit score.

If your goal is to earn cashback and rewards while shopping online, prioritize a card that offers extra perks on e-commerce platforms like Amazon and Flipkart. If you have a low CIBIL score, consider secured or low-limit credit cards designed to help you rebuild your credit.

With careful research and smart spending, you can find a card that not only fits your lifestyle but also helps you achieve your financial goals. Whether you're earning cashback on shopping or boosting your CIBIL score, the right credit card can be a game-changer.

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