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What are some of the extra features that credit cards offer?

 What are some of the extra features that credit cards offer?

Apart from the standard credit card benefits, credit cards also offer several other extra features such as low APRs, no annual fees, travel perks, reward points etc.

The biggest reason why credit cards have gained such immense popularity is most definitely the hoard of credit card offers. There are hundreds of credits available out there and most of them offer the standard list of credit card benefits to their users. In such a scenario, it can be pretty tough to find a credit card that offers extra benefits.

A little research and a thorough comparison between the various available options can go a long way in helping you choose the best card that suits all your needs. For example, Bajaj Finserv RBL Bank SuperCard is a popular credit card that offers the benefit of credit card cash withdrawal without charging any interest!

When looking for a credit card for yourself, it is best to look for at least a few extra features apart from the usual features. These features can include:

  1. EMI payment

Easily, one of the best credit card features that was ever introduced by the issuers. What it basically does it that it converts high-end purchases into monthly EMIs, making it a lot more convenient to make bigger purchases without worrying about a hefty credit card bill at the end of the month! However, it is recommended to fully understand the terms and conditions beforehand to avoid ending up paying a lot of extra money on interest charges.

  1. ATM cash withdrawal

When you own a debit card, it is very convenient to withdraw cash from an ATM anytime you are in need of cash. However, the same was not the case for credit card holders. That is, until credit cards started offering credit card cash withdrawal facilities.

That being said, most credit cards charge a certain percentage of your cash withdrawal as an interest which is usually quite high. Therefore, while it is a great perk to have, make sure you only use it when it is an emergency.

  1. Easy approval

For all the convenience that credit cards bring into our lives, applying for them is a task in itself! Add to that the time taken by the issuers to approve your application and it can take a lot of time before you get to use your credit card. Therefore, it is advisable to choose a credit card that offers easy approval.

These days, credit card companies have started offering the facility of online credit card application, streamlining the approval process to a great extent. All you need to do is fulfil certain basic criteria such as proof of income, a good credit score, etc. This, however, differs from issuer to issuer.  

  1. Huge Annual savings

Another one of lucrative credit card offers is the possibility of huge annual savings. Here’s how it works: when you use your credit cards to make online and offline transactions, you can benefit from multiple discounts, possible cashbacks, reward points etc. All these perks can add up to be a lot over the course of a year, resulting in huge annual savings.

For example, when you use the Bajaj Finserv RBL Bank SuperCard for various transactions, you stand a chance to save up to Rs. 55,000 annually.

  1. No balance transfer fee

Most credit cards charge a balance transfer fee of 3-5% when you transfer money from your credit card. If you are someone who needs to frequently transfer money from your credit card this interest charge can add up to be a lot in a short span of time. No balance transfer fee is therefore an essential credit card offer to look for when choosing a credit card for yourself since a 3-5% balance transfer fee is quite high.


Every credit card issuer is different and so are the credit card offers provided by them. Every issuer also has its own set of terms and conditions and often a lot is hidden in fine print. Therefore, in order to reap the maximum benefits and extra features from your credit card, it is important to perform a comparative analysis of different credit cards before choosing one that suits your needs.

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