Encouraging a culture of fiscal responsibility, credit card payments have become an integral part of our financial lives. Often serving as valid metrics for assessing creditworthiness, it becomes a necessity to understand how critical it is to maintain a high credit score, and the role played by timely credit card payments in achieving this.
A credit card can either be a bane or boon, primarily depending on how you use it. If you are judicious with your spending and maintain timely credit card payments, the potential for boosting your credit score becomes nearly limitless.
Bajaj Finserv, in collaboration with the RBL Bank and DBS Bank, has introduced tailored credit cards to assist resourceful consumers. They have ushered in an era of seamless spending while offering a conducive environment for credit score improvements.
Embrace Timely Payments
Timely credit card payments are the bedrock upon which your credit score stands. It is one of the five crucial components used to calculate your credit score. Delayed or missed payments can significantly dent your credit score, causing reluctance among potential creditors in lending you future credit. Paying your credit card bills timeously not only keeps you away from unnecessary late payment charges but also enhances your credit score drastically.
Co-branded credit cards: The Bajaj Finserv Experience
Understanding the multiplicity of consumer needs, Bajaj Finserv co-branded credit cards with RBL Bank and DBS Bank are tailored to plug-in perfectly into your financial settings.
The Bajaj Finserv RBL Bank Credit Card is a multi-faceted tool, offering enticing rewards on movies, dining, groceries, fuel, and international spends. From complimentary lounge access to fuel-surcharge waivers, the card offers a plethora of benefits. Moreover, this credit card also offers an EMI facility on purchases above a certain threshold, making it an excellent option for those who can maintain timely credit card payments and improve their credit scores.
On the other hand, the Bajaj Finserv DBS Bank Credit Card offers attractive reward points to its users on all spends. It also offers a unique service that allows cardholders to convert their purchases into EMIs, offers annual fee waivers, and even exclusive shopping benefits.
With both these cards, credit card payments are incredibly accessible with a wide range of payment modes available for users.
Applying for the Bajaj Finserv Co-branded Credit Cards
Applying for these Bajaj Finserv co-branded credit cards is an easy task. Log onto the Bajaj Finserv website or application and navigate to the credit card page. Choose the card which aligns with your lifestyle and spending habits. Complete the online application form by providing all necessary details. Once submitted, the bank will verify the information and complete the approval process.
While the approval of a credit card solely depends on your creditworthiness, having a good credit score can bolster your chance of getting credit approval.
Final Thought
To sum up, credit card payments play an essential role in maintaining a robust credit score. It is undoubtedly a significant step towards achieving fiscal freedom and financial responsibility. Bajaj Finserv RBL Bank and DBS Bank Credit Cards help simplify this journey by offering benefits tailored to meet specific user needs. Be it the attractive rewards or the ease in application, choosing Bajaj Finserv co-branded credit cards could be your smartest financial step yet.
