Credit cards have revolutionized the way we transact while shopping, eating out or just engaging in fun activities. We no longer need to carry a large amount of cash with us every step of the way, and now have the convenience of making cashless payment.

RBL Bank Credit cards also allow the individual to purchase a commodity even if they don’t have the financial resources to pay for it at the time. This makes them appealing to many, as sometimes it may happen that the salary hasn’t come in yet, but there is an emergency expenditure that needs to be met on an urgent basis.

There are various types of credit cards in the market that give better benefits, when used for a specific purpose. These benefits are in the form of reward points, attractive offers and even discounts on movie tickets. Gold, platinum and silver are just some of the credit cards available in India, here we discuss most of them.

Gold credit card

These cards are considered prestigious and are usually given to individuals who fall in the high-income group and have good credit ratings too. Gold cards are also status symbols and come loaded with features such as reward points and cashback offers. They are also normally supplied with an add-on card that can be given to close relatives of the cardholder such as spouse, parents or children.

Among the many benefits that such cards come with are a higher credit limit, higher cash withdrawal limit and even travel insurance.

Platinum/Titanium credit card

These cards may not be as prestigious as gold cards, but are mostly similar in features, but with some additional benefits. These types of credit cards offer strong protection against misuse by incorporating features that offer protection against credit card loss or theft and protection against fraudulent online transactions. Some cards are available without any yearly fee attached to them.

Silver credit card

This is the standard card that is available to majority of the general population. The card is mostly used by individuals that are employed in a stable job with 4-5 years of work experience; this type of credit card does not require the individual to be highly paid. Furthermore, if the credit history of the individual is good, then a high credit limit can also be reached.

Business credit card

These credit cards are available for business owners who are running small, medium or large-scale businesses. These cards can be used for a wide range of purposes such as taking care of company’s travel expenses, paying for entertainment programs and even for sponsoring of training programs.

Rewards credit card

These cards are based on the principle of offering rewards for frequent usage. Rewards credit cards may even offer a cashback facility if the usage of the card crosses a certain threshold. For example, such a type of card will likely give a certain percentage discount on purchase of fuel through it.

These are just some of the credit cards that are available to the Indian consumer.

Some credit cards offer industry-first benefits like the Bajaj Finserv RBL Bank SuperCard. It combines the benefits of four cards in one: credit card, cash card, loan card and EMI card. Some of its noteworthy benefits are interest-free cash withdrawal for the up to 50 days, effortless EMI conversion and even an emergency loan feature.