Get the best shopping card for attractive festive rewards

In this digital age, shopping online from the comfort of your home using a shopping card is easier than going to a physical store. A news report says that Credit Card spending in India has increased by 25.87% and reached Rs 1.3 lakh crore in 2023.

With a quality Credit Card, you can buy from groceries to gadgets online and receive attractive rewards, discounts and offers. In this post, we will discuss choosing the best Credit Card for online shopping.  

Here are the key points to consider before deciding on the best shopping Credit Card -

Research and compare Credit Card offers 

• When looking for the best shopping card for online purchases, check the interest rates different banks offer. For example, the FIRST Millennia Credit Card has only a 0.75% to 3.5% interest rate per month (yearly 9% to 42%)
• Credit Card annual fee is another crucial factor. Many Credit Cards have a zero fee in the first year, and then charge a high annual fee in the subsequent years. Look for a shopping card with no or minimal annual fee. One of the best options is IDFC FIRST Bank Credit Cards, which are lifetime free with no joining, membership or annual fee
• Often Credit Cards have several fees and charges, and you should compare them before getting a card. Some of these fees are cash payment fees, processing fees, and EMI fees 

Attractive rewards, discounts and offers
 

For card shopping, compare the rewards, discounts and offers of various credit cards and how useful they are considering your lifestyle and habits. Then decide which Credit Card can offer you the best utility.

Cashback
 

Cashback is an incentive that you will get when shopping. The Credit Card cashback benefit will allow you to receive a percentage of your spending (generally 0.25-5%). 

IDFC FIRST Bank Credit Cards offer up to 5% cashback on the first EMI transaction made within the first 30 days.

Seasonal promotional offers
 

During the festive season, a shopping card can get you seasonal promotional offers and make buying big-ticket items easy on your pocket. For example, IDFC FIRST Bank Credit Cards offer attractive gift vouchers to top spenders for festival shopping.

Discounts
 

Discounts on a shopping card are another key consideration. Various credit cards offer discounts on purchases, dining at restaurants, movie tickets, and spas. For example, you can get free movie tickets with the ‘Buy-1-Get-1-Free’ offer on FIRST Select and FIRST Wealth Credit Cards. 

Convenient Credit Card payment options
 

Before getting a Credit Card, check if the bank offers quick, secure and easy payment options and charges no transaction fees. You should also be able to make payments using a mobile app.

Price protection and purchase insurance
 

If a Credit Card provides price protection, it will reimburse you the price difference if the product is later available at a lower price.

Some Credit Cards also offer insurance on your purchases for a specific period. You can optimise these two features by choosing the right Credit Card.

Credit Card security
 

When applying for a shopping card, check if the bank provides encryption for robust Credit Card security. Also, look for credit cards with the Europay MasterCard and Visa (EMV) chip. This technology prevents malpractices, such as cloning or skimming of Credit Cards.
 

Best Credit Card to choose
 

When choosing the best Credit Card for online shopping, besides rewards, discounts and cashback, you should also consider how it can help with your budgeting. Using a Credit Card responsibly can build a positive credit history and probably save you money on your next purchase.

Considering the above features, some ideal shopping cards that can cater to your online shopping needs and lifestyle are FIRST Millennia Credit Card, FIRST Private Credit Card, FIRST Select Credit Card, FIRST Classic Credit Card, FIRST Wealth Credit Card and FIRST WOW! Credit Card.

Explore all the Credit Card features and apply here for the one that meets your needs.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.