Comparing the Top 5 Types of Credit Cards for Your Financial Needs

In this era of digitization, the importance of credit cards have grown exponentially. From online shopping, travel bookings, dining to utility bill payments, the use of credit cards empowers us to access a wide range of services and products at our convenience. However, with myriad options available in the market, choosing the right one that fits your financial needs can be overwhelming.

This article aims to explore the five top types of credit card, their features and benefits. This discussion will also delve into the benefits of co-branded credit cards offered by Bajaj Finserv and further elucidate upon their process of application.

Types of credit cards

  1. Rewards Credit Cards: These kinds of credit cards offer rewards on your spending. The rewards could be in different forms – points, cash back, or miles. Each credit card issuer has specific rules on how and where you can earn and redeem these rewards.
  2. Cash Back Credit Cards: Cash back credit card, as the name suggests, offers a certain percentage of cash back on the purchases made using the card. The percentage of cash back may vary between different categories like gas, groceries or restaurants.
  3. Travel Credit Cards: These types of credit cards are best suited for avid travelers. They offer miles or points for every dollar spent, which can be redeemed for airfare, hotel stays and other travel-related expenses.
  4. Balance transfer credit cards: These are specially designed for those who want to consolidate their debt. They come with low or 0% interest period for transferring the balance from one card to another.
  5. Co-branded credit cards: Co-branded cards are designed in partnership with a specific retailer or service provider and credit card issuer. They often offer special discounts, loyalty points and exclusive deals at the partnering business.

Bajaj Finserv Co-branded Credit Cards

Speaking of co-branded credit cards, one cannot miss mentioning the Bajaj Finserv RBL Bank Credit Card and Bajaj Finserv DBS Bank Credit Card. Bajaj Finserv offers specially designed co-branded credit cards with unique features and benefits to meet the different lifestyle needs of the customers.

Bajaj Finserv RBL Bank Credit Card

The Bajaj Finserv RBL Bank Credit Card offers rewards on utility bills, groceries, and dining. Additionally, it gives access to airport lounges, fuel surcharge waivers, and discounts on dining. The card also offers EMI facilities on purchases over a certain limit.

Bajaj Finserv DBS Bank Credit Card

On the other hand, the Bajaj Finserv DBS Bank Credit Card is ideal for those who frequently shop online. This card provides cash back on online purchases, dining and entertainment. It offers a low foreign transaction fee, making it the perfect companion for international travel.

Both these cards come packed with a host of benefits like a welcome bonus, interest-free cash withdrawal, fuel surcharge waiver, and much more. The security features of these cards like zero-fraud liability cover and instant blocking of card in case of loss or theft make these cards highly secure and reliable.

Application Process for Bajaj Finserv Co-branded Credit Cards

To apply for these Bajaj Finserv co-branded Credit Cards, you need to follow a simple and hassle-free process. You can either visit the official website of Bajaj Finserv or download their mobile app. Upon opening the credit card section, you can select the card of your choice and fill out the application form with the required credit card details. Upon successful completion of the form, the bank representatives will get in touch with you for further processing of the card.


The type of credit card that is best for you primarily depends on your spending habits and the kind of rewards or benefits you want. Whether you frequently travel, shop online, want to earn cash back on your spending or consolidate your debt, there is a card for every need. By looking at your needs, you can narrow down your choices and then look at the interest rates, fees, and the fine print to make your final decision. And if you are looking for a co-branded credit card, Bajaj Finserv offers excellent options to cater your needs.

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