Best Credit Cards for Beginners in India
Starting your credit card journey can be overwhelming due to complex reward points systems and strict bank eligibility criteria. Beginner credit cards are designed to be accessible, requiring low minimum monthly incomes (Rs. 15,000 - Rs. 20,000), offering simple flat cashback structures, and charging very low annual fees.
Frequently Asked Questions
Q: What credit score is needed to get my first credit card?
If you have never had a loan or card, your credit score is -1 (no history). You can get a secured card to build history, or an entry-level card if you have a salary account with the bank.
Q: What is the best beginner card in India?
The Amazon Pay ICICI Card or HDFC MoneyBack+ are top picks for beginners due to simple reward structures, high approval rates, and lifetime-free options.
Q: Should I pay only the minimum due amount?
No, never pay just the minimum due. Doing so triggers high interest rates (36% to 45% per annum) on the remaining balance. Always pay the 'Total Amount Due' in full.
Q: What happens if I pay my card bill late?
A late payment fee is charged, interest is calculated daily, and most importantly, your CIBIL credit score drops significantly, making future loan approvals difficult.
Q: Can I withdraw cash from my credit card?
You can, but you should avoid it. Cash withdrawals from credit cards attract a high transaction fee (usually Rs. 500) and interest starts accruing immediately from day one.
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