Posts

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  India's Top 5 Travel Credit Cards for Smart Explorers
  R Ritika

  For Indian travelers, credit cards are essential for travel, offering perks like air miles and lounge access. The increasing popularity of trips has led to a surge in demand for travel-specific cards, which provide benefits such as hotel discounts and reward points. However, with numerous options available, selecting the best card can be challenging.

  The top five Indian travel credit cards enhance journeys by offering rewards and convenience. Their popularity stems from widespread adoption and application trends, making them favorites among users.

  1. HDFC Bank Infinia (Metal Edition): The Epitome of Luxury Travel

  • The HDFC Bank Infinia (Metal Edition) offers premium benefits.
  • It provides unlimited global lounge access via Priority Pass.
  • The card includes dedicated concierge services and comprehensive travel insurance.
  • It is designed to enhance every aspect of the travel experience.

  2. American Express Platinum Travel Credit Card: A Favorite for Premium Experiences

  • The American Express Platinum Travel Card is highly sought after in India.
  • It is valued for its premium travel experiences and strong rewards structure.
  • The card offers complimentary access to both domestic and international airport lounges.
  • Holders receive travel vouchers of up to ₹7,700 and milestone rewards.
  • It provides bonus Membership Rewards points for travel spending.
  • Additionally, it includes priority services at airports for cardholders.

  3. SBI ELITE Credit Card: The All-Rounder with Travel Flair

  • The SBI ELITE Credit Card is a premium card favored by travelers.
  • It offers compelling travel benefits and has a large customer base.
  • The card balances lifestyle and travel advantages for all-around benefits.
  • Features include complimentary memberships to travel programs.
  • It provides free access to both international and domestic lounges.
  • A lower forex markup is beneficial for international travelers.
  • Annual rewards include free movie tickets and travel vouchers.

  4. Axis Atlas Credit Card: Designed for the Global Flyer

  • The Axis Atlas Credit Card is a popular travel card in India.
  • It is highly regarded by frequent flyers for its benefits.
  • Cardholders earn air miles on all spending.
  • The card offers complimentary lounge access and travel discounts.
  • It provides milestone-based tier upgrades for enhanced rewards.
  • Flexible point redemption options appeal to global travelers.

  5. MakeMyTrip ICICI Bank Credit Card: Your Digital Travel Companion

  • The MakeMyTrip ICICI Bank Credit Card is popular among online Indian travelers.
  • It offers rewards on flights, hotels, and holiday bookings through MakeMyTrip.
  • The card includes welcome and milestone travel vouchers.
  • A low forex markup facilitates international use.
  • It provides lounge access at domestic and international terminals.

  Choosing Your Perfect Travel Partner

  While numerous travel credit cards exist in India, these five consistently lead the pack due to their outstanding, value-packed benefits. The "best" card for you ultimately depends on your unique travel style and habits.

  • Premium travelers may prefer the Amex Platinum Travel or SBI ELITE for luxury.
  • Global flyers can benefit from the Axis Atlas for air miles and flexible redemptions.
  • Online bookers might find the MakeMyTrip ICICI Card the most rewarding for direct rewards.

  Assess your travel frequency, loyalty preferences, and spending to choose the best card. Finding the right travel card enhances savings and overall travel experiences.

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  Axis Atlas Credit Card
  R Ritika

  The Axis Atlas Credit Card transforms everyday spending into travel rewards. With its Edge Miles system, users earn accelerated rewards on travel purchases. These miles can be redeemed for exceptional value through partnerships with over 20 airlines and hotels, enhancing the benefits of travel investments.

  Key Benefits

  The Axis Atlas Credit Card offers a comprehensive suite of benefits primarily designed for frequent travelers, leveraging its unique Edge Miles reward system and tiered privilege structure.

  Welcome & Renewal Benefits
  Get 2,500 Edge Miles as a welcome bonus after your first transaction within 30-37 days. This bonus can offset the joining fee through strategic redemption. Renewal benefits include bonus Edge Miles based on your card tier.

  Edge Miles Reward Program

  • Base Earnings: Earn 2 Edge Miles per ₹100 on most general purchases.
  • Accelerated Travel Earnings: Earn 5 Edge Miles per ₹100 on airline/hotel bookings via Axis Bank. Capped at ₹2 lakh monthly; then reverts to 2 Edge Miles per ₹100.
  • High Value-Back Potential: Transfer Edge Miles for approximately 20% value back on travel and 8% on general spending. Best with Accor Live Limitless (ALL) points for higher valuation.
  • Workaround for Excluded Categories: Earn 8-12% back on typically excluded spends using gift cards.

  Flexible Reward Redemption

  • Redeem Edge Miles on Axis Bank's Travel EDGE for flights, hotels, and experiences at a 1:1 ratio.
  • Convert Edge Miles to 20+ partner loyalty programs at a 1:2 ratio, except for Marriott Bonvoy.
  • Group A partners allow a maximum transfer of 30,000 Edge Miles; Group B allows 120,000.

  Tier-Based Privileges (Silver, Gold, Platinum)

  • The card features a three-tier benefits system based on spending thresholds.
  • Silver tier: Default or achieved with a ₹3 lakh spend; includes 2,500 Edge Miles.
  • Gold tier: Requires a ₹7.5 lakh spend; adds 2,500 Edge Miles as milestone and annual benefits.
  • Platinum tier: Requires a ₹15 lakh spend; offers 5,000 Edge Miles as milestone and annual benefits.
  • Bonuses can enhance the overall value return to 11.33% to 12%.

  Extensive Lounge Access
  Complimentary airport lounge access varies by tier:

  • Silver: 8 domestic and 4 international visits.

  • Gold: 12 domestic and 6 international visits.

  • Platinum: 18 domestic and 12 international visits.

  • Guests can accompany cardholders in lounges, which is valuable for family travel.

  • The enhanced lounge network includes Adani Group's LoungeKey and Priority Pass partnerships.

  • Priority Pass offers additional perks like spa services, sleeping pods, and restaurant discounts.

  Additional Benefits

  • Dining Discounts: Up to 25% off (maximum ₹800) via the EazyDiner app on ₹2,000 orders.
  • Complimentary Travel Insurance: Covers air accidents and lost baggage.
  • Fuel Surcharge Waiver: 1% waiver on transactions between ₹400 and ₹4,000 monthly.
  • Global Acceptance: Widely accepted for seamless transactions internationally.

  Note: A high 3.5% foreign exchange markup fee may deter frequent travelers.

  Important Considerations

  • The foreign exchange markup fee is 3.5%, which is relatively high for a travel card.
  • Annual caps limit the transfer of Edge Miles to partner programs, especially Group A partners.
  • The transfer limit for Group A partners, such as Accor and Singapore Airlines, is 30,000 Edge Miles yearly.

  How to Apply

  You can apply through Axis Bank's website.

  • Visit Axis Bank's official website.
  • Click on Credit Card.
  • Search for "Atlas Credit Card."
  • Select "Apply Now" and enter the required details.

  But before applying, just make sure you fulfill the eligibility criteria.

  • The eligibility criteria for card applications include age, occupation, income, and residency.
  • Primary cardholders must be between 18 and 70 years old; add-on cardholders must be at least 18.
  • Salaried applicants need a minimum annual income of ₹12 lakh; self-employed individuals need ₹15 lakh.
  • The primary cardholder must reside in India.
  • Required documents include a PAN card/Form 60, pay slip/IT return/Form 16, and proof of residence.

  Conclusion

  The Axis Atlas Credit Card is ideal for travelers who want to maximize savings through strategic Edge Miles redemption, particularly with partners like Accor. It provides exceptional value, making it a valuable tool for enhancing travel experiences.

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  American Express Platinum Travel Credit Card
  R Ritika

  The American Express Platinum Travel Credit Card is ideal for high-spending travelers in India. It offers substantial benefits, potentially yielding annual savings of ₹44,000. With strategic use, cardholders can enjoy a return of 12% to 13% on travel-related expenses. This premium card is designed to reward wanderlust, making it a compelling choice for travel enthusiasts.

  Your Welcome Aboard: Initial Benefits and Fees

  • The joining fee is ₹3,500 plus taxes.
  • The annual fee is ₹5,000 plus taxes; no waivers are offered.
  • The welcome gift includes 10,000 bonus Membership Rewards points.
  • Points are earned after spending ₹15,000 in 90 days.
  • Points are valued at approximately ₹3,000 for vouchers or travel.

  Earning Your Travel Currency: Reward Points Breakdown

  • The card's value is primarily in its Membership Rewards program.
  • You earn 1 point for every ₹50 spent on most transactions.
  • Exclusions include fuel, insurance, utility bills, ATM withdrawals, and EMI transactions.
  • Government payments count toward milestone spending but earn no reward points.

  Milestone Magic: Unlocking Substantial Bonus Rewards

  • The American Express Platinum Travel Credit Card offers significant milestone benefits for high spenders.
  • Spending ₹1.9 lakh annually earns 15,000 bonus points (valued at ₹4,500) and 3,400 regular points.
  • Spending ₹4 lakh annually yields 25,000 bonus points (valued at ₹7,500) and a ₹10,000 Taj Stay voucher.
  • At ₹4 lakh in spending, total rewards can reach 48,000 points plus the Taj voucher.
  • Some bonus points may require contacting American Express to claim.

  Maximizing Your Membership Rewards Points: Smart Redemption Strategies

  • Membership Rewards points value varies based on the redemption method, particularly for travelers.
  • General redemption typically values 1 point at ₹0.50 for shopping e-vouchers.
  • Enhanced travel options increase point value to ₹0.50-₹1.00 for hotel and flight bookings.
  • Points can be transferred to partner airline and hotel loyalty programs; ratios vary.
  • Vistara offers a 3:1 ratio, while Marriott Bonvoy has a 1:1 ratio.
  • Hilton’s redemption value is 10:9 (10 points = 9 Hilton points).
  • The new Platinum Travel Collection includes Postcard Hotel and Air India vouchers starting in April 2025.
  • Taj voucher redemption is now valued at 1 Membership Reward = ₹0.40.
  • Transfer bonuses from American Express can significantly boost point values.
  • Platforms like GiftR can provide opportunities for earning additional points through purchases.

  Travel in Comfort: Lounge Access and Beyond

  • The "Platinum Travel" card enhances domestic journeys significantly.
  • It offers 8 complimentary domestic airport lounge visits annually, limited to 2 per quarter.
  • It includes a free Priority Pass membership, waiving the US$99 annual fee.
  • International lounge access incurs fees and is not complimentary despite Priority Pass membership.
  • This limitation is notable compared to similar travel cards that offer free international lounge access.

  Additional Perks to Enhance Your Everyday

  • The American Express Platinum Travel Credit Card offers various daily life benefits.
  • Dining discounts of up to 20% are available at partnered restaurants.
  • A 0% fuel surcharge applies to purchases under ₹5,000 at HPCL.
  • An EMI option is available for purchases of ₹5,000 or more.
  • It supports contactless "tap and pay" for transactions below ₹5,000.
  • You can earn 3X Membership Rewards points when shopping online with over 50 brands.

  Eligibility Criteria

  • Applicants must be Indian residents and at least 18 years old.
  • Salaried individuals need an annual income of ₹6 lakh or more.
  • Self-employed individuals must have a trading company that has been operational for at least 12 months.
  • The card is available in selected serviceable cities, including Delhi NCR, Mumbai, and Bangalore.

  A Balanced Perspective: Is This Card Right for You?

  The American Express Platinum Travel Credit Card has notable strengths and weaknesses.

  Strengths:

  • Excellent for high spenders; it offers 8.5% to 13% returns for an annual spend of ₹4 lakh.
  • The Taj voucher is a premium benefit typically seen on higher fee cards.
  • Membership Rewards points do not expire as long as the account remains active.
  • There are flexible redemption options for shopping, travel, and partner programs.

  Areas for Improvement:

  • The general redemption ratio of 1 point = ₹0.50 may be less competitive.
  • A high 3.5% forex markup fee makes it unsuitable for international transactions.
  • There is limited complimentary international lounge access compared to competitors.
  • Manual contact is required for certain bonus point credits, which can cause inconvenience.

  Your Gateway to Rewarding Domestic Journeys

  The American Express Platinum Travel Credit Card is ideal for frequent domestic travelers who spend significantly. Spending ₹4 lakh annually unlocks excellent rewards and benefits, enhancing travel experiences in India. Savvy cardholders can maximize the value of the card, turning each trip into a rewarding adventure.

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  SBI Elite Credit Card
  R Ritika

  If you're on the hunt for a credit card that fits your busy lifestyle and offers luxury, convenience, and awesome rewards, the SBI Card ELITE is a solid choice. It's designed for people who spend a bit more and appreciate the finer things in dining, travel, and entertainment. This card isn’t just about paying bills; it’s like having a VIP pass to a better spending experience, providing you with perks for both everyday purchases and special treats.

  Great Welcome Bonuses & Entertainment Perks

  When you activate your SBI Card ELITE, you receive ₹5,000 worth of vouchers from popular brands like Yatra and Pantaloons. Plus, you’ll earn movie tickets worth up to ₹6,000 a year — two complimentary ones each month! Just keep in mind that the tickets are capped at ₹250 each, and you need to book at least two. If you take full advantage of those movie ticket perks, it can significantly help offset the card's annual fee.

  Points and Bonuses for Your Spending
  With this card, you get rewarded for spending big. You can earn 5X points when you dine out, shop at department stores, or buy groceries (up to 10,000 points each month). For other purchases (except for fuel and rent), you’ll earn 2 points for every ₹100 you spend. Additionally, you can earn up to 50,000 bonus points each year if you meet specific spending goals, such as ₹3 lakh, ₹4 lakh, ₹5 lakh, or ₹8 lakh. Each point is worth ₹0.25, which means you could receive about ₹12,500 in total rewards.

  Travel Made Easy
  For those who travel often, the SBI Card ELITE has your back. You’ll receive a complimentary Priority Pass Membership (valued at $99) that allows you access to six international airport lounges per year. You can also enjoy two domestic lounge visits each quarter in India. And don't worry about foreign exchange fees — they're only 1.99%.

  Fees and How to Waive Them
  The annual fee is ₹4,999 plus taxes, but you can have it waived if you spend ₹10 lakh in a year. There’s also a 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000, capped at ₹250 per month.

  Eligibility Criteria

  • Age: 21 to 70 years (some say 18 to 60).
  • Occupation: You can be salaried or self-employed.
  • Credit Score: You need a good score.
  • Citizenship: Indian citizens only.

  Documents You’ll Need

  • Identity Proof: PAN card, Aadhaar, Driving License, or Voter ID.
  • Proof of Income: Recent salary slips, Form 16, income tax returns, or three months' bank statements.
  • Proof of Residence: Passport, Ration Card, electricity bill, Aadhaar, or Driving License.
  • Application Form: Make sure to complete the application form.
  • Photos: You'll need colored passport-sized photos.
  • Other: A copy of Form 60 or your PAN card may be needed.

  (The document list can change depending on the application process.)

  How to Apply

  You can apply for the SBI Card ELITE online or offline.

  Online Application

  • Go to the official SBI Card website.
  • Hit ‘Apply Now’ under the 'Apply' section.
  • Pick SBI Card ELITE from the list and click ‘Apply Now.’
  • Fill out the online application form and submit it.
  • A bank representative will reach out to guide you through the next steps.
  • You might even get a direct link to apply, and if you meet the criteria, the card could be with you in about a week.

  Offline Application
  If you prefer to go in person, visit your nearest SBI branch. Bring along your documents and fill out the application there. Just double-check your eligibility and have your paperwork ready for a smooth experience.

  Is It a Good Fit for You?

  The SBI Card ELITE could be a great match if you're someone who spends a lot and can take advantage of its movie perks, extra rewards at restaurants and grocery stores, and lounge access. Sure, it has a high annual fee, but when you add up the value from the welcome perks, entertainment options, and travel benefits, it can definitely be worth it.

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  Standard Chartered Smart Credit Card
  R Ritika

  The Standard Chartered Smart Credit Card is designed for those who want straightforward cashback on their daily transactions, especially online. It's an entry-level card that packs a punch for smart spenders.

  Key Features of the Standard Chartered Smart Credit Card

  Cashback Benefits

  • Earn 2% cashback on online spends, capped at ₹1,000 monthly (₹12,000 annually).
  • Get 1% cashback on offline spends, capped at ₹500 monthly (₹6,000 annually).
  • Cashback is available for categories often excluded by other cards (utilities, gas, etc.).
  • There are no brand or merchant restrictions for earning cashback.
  • Fuel, EMI transactions, and cash withdrawals are ineligible for cashback.
  • Cashback points do not expire.
  • Redeem cashback via the 360° Rewards portal.
  • The first redemption requires a minimum of ₹1,000; some sources mention ₹2,500.
  • Subsequent redemptions can be made in ₹500 increments.
  • Cashback reflects in the account within 3 working days post-redemption.
  • There is no fee for cashback redemption; no minimum spends are required to earn cashback.

  Extended Interest-Free Period

  • Interest-free credit for the first 90 days after credit card issuance.
  • Applicable for the first three statement cycles on retail purchases only.
  • The minimum amount due must be paid to avail of the benefit.
  • The benefit excludes cash transactions.

  Low-Interest EMI Facility (Kuch Bhi on EMI - KBE)

  • Convert transactions of ₹2,000 and above into 3-month EMIs.
  • Special interest rate: 0.99% per month, with no processing fees.
  • Available through online banking, SC Mobile, SMS response, or phone banking.

  Not applicable for point-of-purchase EMI conversions.

  Fees and Waivers

  • Joining fee: ₹499 plus GST; often waived for new customers.
  • Some sources mention a joining fee of ₹0.
  • Annual fee: ₹499 plus GST starting from the second year.
  • Fee waiver: Renewal fee reversed if spending exceeds ₹1,20,000 in the previous year.

  Other Card Features

  • Available on the Visa Network.
  • Supplementary credit cards for family members are offered.
  • Contactless payment enables quicker, secure checkouts.
  • Secure online transactions with 3D secure OTP verification.
  • Access to various digital payment solutions like BharatQR and BBPS.
  • 360° Rewards program for redeeming points.
  • Dial-a-loan: Loans up to ₹5,00,000 with flexible tenures.
  • Balance transfer option available for up to ₹5,00,000 at attractive rates.
  • Balance EMI allows conversion of outstanding amounts into EMIs without processing fees.

  Eligibility Criteria

  • Applicants must be aged 18 to 65 years.
  • Add-on cardholders must be at least 18 years old.
  • A stable monthly income is required for applicants.
  • Applicants should reside in specific sourcing cities of the bank.
  • The card is entry-level, emphasizing cashback benefits over perks.

  Documents Required to Apply

  • Identity proof options include a passport, PAN card, voter ID, or government ID.
  • Address proof options include an Aadhaar card, passport, driving license, or voter ID.
  • A recent passport-sized photograph is required.
  • Financial documents needed depend on employment type: a salary slip for salaried individuals and IT returns for self-employed applicants.

  How to Apply for the Standard Chartered Smart Credit Card

  The application process can be completed online.

  If You Have an Existing Relationship with Standard Chartered Bank

  • Visit the official Standard Chartered Smart Credit Card webpage.
  • Click 'Apply Now' to proceed.
  • Confirm any existing relationship with the bank.
  • If applicable, confirm your existing credit card details.
  • Enter the required information and authenticate.
  • If you do not have a credit card, confirm if you have a debit card.
  • Provide the necessary details for debit card authentication.
  • If you do not have any existing cards, enter your personal information to proceed.

  If You Do Not Have an Existing Relationship with Standard Chartered Bank

  • Visit the Standard Chartered Smart Credit Card page.
  • Click 'Apply Now' to start the application process.
  • Select 'No' for an existing bank relationship.
  • Enter your personal details and follow the instructions to complete the application.

  Conclusion

  The Standard Chartered Smart Credit Card is all about cashback, not perks like lounge access or free movie tickets. Its main strength lies in its wide cashback options and useful financial tools. If you want a simple card to earn rewards on everyday online purchases and expenses that usually don't qualify, this card is a great choice. It acts like a financial assistant, giving you rewards with every purchase!

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  Union Bank VISA Signature Credit Card
  R Ritika

  Imagine turning your daily expenses into a treasure trove of rewards — sounds enticing, right? The Union Bank VISA Signature Credit Card promises just that, combining exclusive features and benefits that truly enhance your lifestyle. Discover how to maximize your spending and enjoy the associated rewards.

  

  Unveiling Key Benefits

  This premium credit card comes loaded with advantages to elevate your financial convenience:

  • Significant cashbacks and discounts at partner restaurants and on utility bills.
  • A 1% fuel surcharge waiver, up to Rs. 100 per month at petrol stations.
  • Complimentary airport lounge access for domestic and international travel, quarterly.
  • Earn 4 Reward Points per Rs. 100 spent; 4 points equal Re. 1.
  • Comprehensive personal accident coverage of Rs. 30 lakh and card loss insurance of up to Rs. 1.5 lakh.

  Fees and Financial Flexibility

  • The annual fee of Rs. 1,999 can be waived with a spending of Rs. 2.7 lakh.
  • No joining fee is required to start.
  • An interest-free period is available between 21 to 50 days.
  • The lost card replacement fee is Rs. 299; there are no direct lost card charges.

  Eligibility

  Eligibility for the Union Bank VISA Signature Credit Card varies by employment type.

  • Salaried applicants must be aged 18 to 60 years.
  • Professionals can apply until the age of 70.
  • A minimum annual income of Rs. 10 lakh is required.

  Application Process

  The application process is very easy and straightforward.

  • It requires a filled application form and two passport-size photos.
  • You need a PAN card and identity/address proofs.
  • Income documents include Form 16, ITR, or the latest salary slips.
  • Business owners need ITRs from the past two years.

  Conclusion

  The Union Bank VISA Signature Credit Card is more than just a payment tool; it's a lifestyle companion. It offers significant rewards, protection, and convenience for eligible users, enhancing everyday purchases and travel experiences while providing a premium banking solution.

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  Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
  R Ritika

  The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), launched in 2015, offers affordable life insurance. This scheme aims to provide financial security to the poor and middle class, ensuring that every household has a safety net against uncertainties.

  What Exactly is PMJJBY?

  PMJJBY is a one-year renewable term life insurance scheme. It focuses solely on mortality risk without investment components. The scheme offers low premiums, making it attractive to many individuals.

  

  Current Data

  • Total enrolments in PMJJBY exceed 23.6 crore since its inception.
  • Claims settled amount to approximately ₹18,398 crore, benefiting over 9 lakh families.

  Eligibility Criteria

  • Age limit: Participants must be aged 18 to 50; coverage ends at 55.
  • Eligible accounts: Only holders of participating bank or post office accounts can join, linked to Aadhaar.
  • Auto-debit consent: Subscribers must consent to auto-debit for premium payments.
  • One policy rule: Individuals can only enroll through one account; duplicates are restricted to ₹2 lakh.
  • Joint accounts: All joint account holders may join if they meet the criteria and pay premiums.
  • NRIs eligible: Non-Resident Indians can join with an Indian bank account; claims are paid in INR.
  • No medical exam: No medical examination is required for insurance purchase.
  • Joining later: Eligible individuals can join or rejoin in subsequent years by paying premiums.

  First-time enrollees or rejoining individuals have a 30-day lien period without death coverage, excluding accidents.

  How do I apply for PMJJBY?

  To apply for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), you can follow these steps:

  1. Visit a bank or post office to apply for PMJJBY.
  2. Use digital banking for the application if available.
  3. Fill out the PMJJBY application form in your preferred language.
  4. Provide the necessary documents: Aadhaar, PAN card, photo, signature, and mobile number.
  5. Give consent for the auto-debit of the annual premium of ₹436.
  6. Submit the completed application form to the bank.
  7. Receive confirmation via SMS or email after policy activation.
     Insurance coverage starts upon premium auto-debit; a 30-day lien period applies for new enrollees.

  You can apply for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) at any bank or post office where you have an individual account.

  Final Thoughts

  The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offers affordable life insurance for Indians. The scheme eliminates complex paperwork and medical exams, making it accessible through bank or post office accounts with auto-debit options. It reflects the government's dedication to providing financial security for poor and middle-class families, helping them cope with unexpected events without facing financial hardship.

  Don't wait; secure your family's future today with PMJJBY – a small step for you, a giant leap for their security.

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  RBL Bank World Safari Credit Card
  R Ritika

  The RBL Bank World Safari Mastercard improves travel with no foreign exchange fees and free travel insurance. This card has no hidden costs, making your international trips easy and enjoyable. Travel the world without financial stress.

  Features of the RBL Bank World Safari Mastercard Credit Card

  Here are the features of the RBL Bank World Safari Mastercard Credit Card:

  Welcome Benefit

  • Receive a ₹3,000 MakeMyTrip voucher as a welcome gift.
  • The voucher is sent via SMS or email to your registered contact.
  • Make one transaction with your card within 30 days to qualify.
  • Pay the membership fee in the first billing cycle.
  • The voucher arrives within 60 days and is valid for 120 days.
  • This helps you recover your joining fee.

  Zero Forex Markup

  • The card has a 0% forex markup fee for international spending.
  • It is India's first travel credit card with this feature.
  • You save on foreign currency conversion fees, which are usually 3.5% to 4%.
  • The price shown is the final amount on your statement, with no extra fees.

  Travel Insurance Coverage
  The card offers free multi-trip travel insurance, valid for your first three international trips each year.

  Coverage includes:

  • Emergency medical expenses up to $50,000
  • Flight delays up to $250
  • Lost baggage up to $200
  • Lost passport up to $300
  • Personal liability up to $100

  It covers trip delays, baggage loss, passport loss, and dental treatment. There is no need for separate travel insurance for initial trips.

  Complimentary Lounge Access
  E* njoy two free domestic lounge visits every quarter until June 2025.

  • Includes a Priority Pass membership for added benefits.
  • Get two free international lounge visits each year with Priority Pass.
  • Spend ₹50,000 in a quarter for an extra international lounge visit.
  • After the free visits, pay up to $35 for additional international lounge access.

  From July 2025, you must spend ₹35,000 in the previous quarter for access.

  Golf Privileges

  • Access top golf courses in India.
  • Enjoy four free rounds of green fees each year.
  • Get one free golf lesson each month (12 lessons a year).
  • Receive a 50% discount on extra rounds beyond the four free ones.
  • These benefits are only for Mastercard holders.

  Milestone Benefits

  • Spend ₹2.5 lakh to earn 10,000 bonus points worth ₹3,000.
  • Spend ₹5 lakh to earn an additional 15,000 points valued at ₹4,500.
  • Spend ₹7.5 lakh to receive a ₹10,000 gift voucher from select brands.
  • Points and vouchers will be credited or mailed within 45 days after reaching these milestones.

  Exclusive Discounts

  • Get a 15% discount on duty-free shopping at selected stores.
  • Save ₹2,500 when you spend ₹50,000 in other categories.

  Fuel Surcharge Waiver

  • Enjoy a 1% waiver on fuel surcharges at all fuel stations in India.
  • The waiver applies to transactions between ₹500 and ₹4,000, up to a maximum of ₹250 per month.

  24/7 Concierge Desk

  • Access a 24/7 concierge desk for bookings related to golf, hotels, dining, and fitness.

  Mastercard Network Offers

  • Cardholders can find great deals on flights, hotels, and shopping through Mastercard.

  Annual Fee

  • The annual fee for the card is ₹3,000 plus taxes (GST).

  Reward Redemption Fee

  • A redemption fee of ₹99 + GST applies when using reward points.
  • This fee is charged once for all redemptions made in one day.

  Reward Points Structure

  • Earn 5 Reward Points for every ₹100 spent on eligible travel purchases.
  • Earn 2 Reward Points for every ₹100 spent on eligible domestic retail purchases.
  • Each reward point is worth about ₹0.25 to ₹0.30.
  • Points are credited within 45 days of transaction settlement.
  • Redeem points on RBL Bank's portal for flights, hotels, vouchers, and more.

  No points are earned for international transactions or specific payments like bills and fuel.

  Fees and Other Charges

  • Joining Fee: Same as the annual fee, ₹3,000.
  • Reward Redemption Fee: ₹99 + GST for daily redemptions.
  • Finance Charges: Up to 3.99% monthly on credit and cash advances.
  • Cash Advance Fee: 2.5% of the amount, minimum ₹500.
  • Late Payment Fee: ₹5 to ₹1,300 based on the outstanding amount.
  • Over Limit Penalty: None after August 2, 2024.
  • Branch Cash Deposit Fee: ₹100 per transaction at RBL Bank.
  • Railway Ticket Charges: Up to 1.8% surcharge on ticket purchases.
  • Fuel Transaction Charge: 1% or ₹10, with waivers for specific amounts.
  • Foreign Currency Markup: 0%, saving up to 4% compared to other cards.
  • Lounge Access Charges: Up to $35 after free visits; some sources indicate $27.

  How to Apply

  To apply for the RBL Bank World Safari Credit Card, you can use either the online or offline method:

  Online Method:

  1. Go to RBL Bank's official website
  2. Find 'Credit Card' under 'Personal Banking'.
  3. Select 'World Safari Credit Card'.
  4. Click 'Apply Now' and fill in your personal and financial details.
  5. Provide your name, gender, date of birth, mobile number, email, address, income source, employer name, average monthly income, and PAN Card number.
  6. Confirm that you understand the terms and allow contact.
  7. Click 'Submit'.
     The bank will contact you to assist with your application.

  Offline Method:

  1. To apply offline, visit the nearest RBL Bank branch.
  2. Bring all necessary documents with you.
  3. A bank representative will assist with your application.

  Eligibility Criteria:

  • Age: Applicants must be between 21 and 60 years old.
  • Residency: Must be an Indian resident.
  • Income: A stable income is required; ₹6 lakh per year is preferred. The minimum income is ₹25,000 per month.
  • Documentation: Provide a completed application, ID proof, address proof, and income proof.
  • Card-to-card applications are also accepted.

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  Beyond the 30% Tax: India's Government Rewrites Crypto Rules
  R Ritika

  Hello, crypto fans! India's cryptocurrency scene is changing. The government is shifting from a possible ban to clear regulations. This change is important for traders and investors in the country.

  The Current Crypto Landscape: Why Change is Needed

  • India has strict crypto rules with a 30% tax on profits.
  • Losses can't offset gains or other income, leading to higher taxes.
  • Most deductions and benefits are not permitted.
  • A 1% Tax Deducted at Source (TDS) on transfers reduces trader liquidity.
  • Tough rules push traders to use offshore exchanges due to high taxes.
  • Government acknowledges that harsh rules harm market liquidity and trading volume.

  

  The Government's Direct Approach: Asking the Right Questions

  The Central Board of Direct Taxes has spoken directly with crypto stakeholders. This is the first time the government has asked for input from the crypto community. Seeking their opinions shows a shift towards regulation and reform, not a ban.

  Here are some key questions the CBDT has raised, showing their deep consideration:

  • The current rules for virtual digital assets (VDAs) may need updates.
  • There is a debate about whether new laws are needed and which agency should regulate VDAs.
  • Possible regulators include SEBI, RBI, or FIU.
  • High taxes and unclear regulations have driven trading offshore.
  • The 30% tax and 1% TDS are major concerns for traders.
  • India aims to align its stricter crypto laws with international standards.
  • Tax issues have decreased market liquidity and trading activity.
  • Negative feedback could lead to relaxed regulations in the future.
  • Risks in peer-to-peer (P2P) transactions need to be addressed for safer systems.
  • There is ongoing discussion about different TDS rates for various types of traders.
  • Indian exchanges must compete with global ones to keep trading volume.

  

  An Optimistic Outlook

  The open consultation is key for crypto in India. The government seeks to learn about traders' issues and aims to establish a safe regulatory environment. A 30% tax will remain, but allowing loss set-off is beneficial for investors. Clear regulations can lessen fears and create new opportunities. The government is also working to match global standards for both innovation and protection. This brings hope and optimism to the future of crypto in India and its community.

• ---

  Federal Bank Scapia Credit Card
  R Ritika

  The Federal Bank Scapia Credit Card is a great choice for anyone who loves to travel. It's a partnership between Federal Bank and Scapia Technology Pvt. Ltd., and it will be very useful for your adventures in 2025.

  What’s the best part about this card? It’s completely free for life! No joining fees or annual charges — how awesome is that?

  Perks of the Federal Bank Scapia Credit Card

  Great Travel Benefits:

  • No Forex Fees: When you use this Visa card abroad, you won't pay any foreign exchange fees, saving you up to 3.5%.
  • Unlimited Lounge Access: Spend ₹10,000 on the Visa card or ₹15,000 on RuPay to get unlimited access to lounges.
  • Airport Rewards: Spend ₹1,000 at airports on food or shopping and earn Scapia Coins for future use.

  Get Rewarded for Your Spending:

  • Everyday Spending: Earn Scapia Coins whenever you spend in India. For Visa users, you’ll get 10% Scapia Coins on eligible purchases, which is like getting 2% back. With RuPay, you’ll earn 5% coins on transactions over ₹500 — about 1% back.
  • Travel Bookings: Use the Scapia app to book flights, hotels, buses, trains, and visas to earn 20% Scapia Coins, which is around 4% cash back. You can book trips worldwide, but bus and train services are mainly for India.
  • Easy Coin Redemption: Quickly use your Scapia Coins for travel bookings on the app without worrying about blackout dates.

  Fees and Charges

  • No joining or annual fees — it's free for life!
  • No foreign currency fees for international transactions with the Visa option.
  • Interest is 3.49% monthly on any unpaid balance; late payments may incur higher rates.
  • The EMI rate for eligible purchases is 16% per year, but no-cost EMIs are available for travel bookings.
  • No fees for add-on cards (though they aren’t supported).
  • Cash advances are charged at 2.5% or ₹500, whichever is higher, with a maximum withdrawal of 10%.
  • Late payment charges range from ₹0 to ₹1,000, depending on your balance.
  • Exceeding your limit incurs a charge of 2.5% on the excess amount, with a minimum of ₹500.
  • Replacing a lost card costs ₹200.
  • The minimum payment due is 5% of your balance or ₹200, whichever is higher.
  • A failed auto-debit costs ₹450 or a 2% fee.
  • Closing an EMI early incurs a fee of 2% of the remaining amount plus GST.
  • Converting purchases to EMI has a fee of ₹99 plus GST.
  • For utility and telecom expenses over ₹50,000, there’s a 1% convenience fee.
  • Fuel transactions up to ₹5,000 receive a 1% waiver, capped at ₹500.

  Eligibility Criteria

  • You must be between 23 and 65 years old.
  • You need to be an Indian citizen.
  • If you have a personal loan or credit card with Federal Bank, you cannot apply, including cards from partners like OneCard or Jupiter.
  • If you've had more than five CIBIL inquiries in the last six months, your application may be rejected regardless of your score or income.
  • All applications are subject to Federal Bank's internal policies.

  Documents Needed

  To apply, you'll need ID proof, proof of residence, and proof of income.

  • Valid IDs: PAN Card, Voter ID, Passport, or Aadhaar Card.
  • Proof of Residence: Ration Card, Electricity Bill, or Passport.
  • Proof of Income: A recent salary slip or tax return if self-employed.

  Overall, The Federal Bank Scapia Credit Card is a great choice for travelers. It offers many benefits and no fees. The Scapia app also makes it easy to manage your card and book trips. If you travel often and want to maximize your spending, this card is worth considering!