Instant Credit Card Apply – Shop Your Favourite Gadget This Year

India has a massive market for instant payment tools like credit cards. Predominantly a cash-driven market, the recent digital push has created a significant demand across the nation for a more efficient and streamlined method for payment. Instant credit cards, with their hassle-free payment structure and a plethora of other benefits, has risen substantially compared to other systems like debit cards and online payment systems.A study conducted in August 2019 showed that the number of active credit card users increased by almost 27% from the last year, with a total number reaching almost 48.9 million. A number of features offered by these financial tools ensure maximum utilization of the credit by cardholders. 

The benefit of using credit cards

There are a number of benefits that this form of plastic money has to offer, especially for cardholders who are looking to purchase big-ticket items like electronic gadgets. Let’s take a look at some of the profits one can enjoy when they use a credit card smartly online and offline.

  • EMI breakdown 

Expensive gadgets like mobile phones, wireless headphones, Bluetooth speakers, smartwatch, etc. can incur large bills on one’s credit account. Repaying the debt at one go might put a financial strain, which is why a credit card user can consider converting the outstanding due to EMIs.

The provision to transfer larger expenses in Equated Monthly Instalments is one of the most important benefits of an instant credit card. It makes the repayment easier as the user pays off the debt in smaller installments instead of paying the complete amount at once.

The process to convert credit card purchases into EMI is simple and time-saving. Cardholders only have to request a transfer via email, phone call, or via the dedicated app of the financial institution. The total cost of the purchase is set aside from the available credit limit, which is then repaid in EMIs.

  • Reward points –

Another benefit of using credit cards to shop gadgets is reward point programs. Most financial institutions offer some form of the customer loyalty program, the most popular being reward points that are offered against each purchase.

Usually, reward points are disbursed against every Rs.100 spent using that credit account. A large scale purchase can help accumulate a substantial number of such points. There are several bonuses that can be acquired by redeeming reward points; including gift vouchers, discounts, cashback, etc. 

Customers can also collect reward points by reaching spending milestones. Credit card companies usually disburse a substantial number of points as a milestone bonus, which can be reached by making a large ticket purchase, such as electronic gadgets, with a feature-rich credit card.

Companies like Bajaj Finserv also offer handsome welcome gifts on cards like RBL Card. Customers can earn as much as 20,000 reward points, which they can redeem for various purposes when they sign-up for this credit card. They also provide pre-approved offers to existing customers, which simplifies the application process and helps save time. 

A simple application and hassle-free documentation process make applying for instant credit card stress-free. Prospective customers only need to fulfill some basic requirements, including a minimum age requirement, a healthy credit score, and repayment history. Minimum documentation also helps streamline the application process; applicants only have to submit their identity and address proof, proof of income, along with PAN Card and Form 60 while applying for a credit card.

The above-mentioned reasons offer a clear idea why cards like Bajaj Finserv RBL Bank Credit cards can prove to be an ideal financial tool for making big-ticket purchases like gadgets in 2020. Proper use of credit cards can allow a cardholder to reap several other benefits, helping save a substantial sum of money during repayment.


Shashank Jain, founder of good-name, a young and energetic entrepreneur has always been fond of technology. His liking for technology made him go for engineering in computers. During his studies, he learned & worked on different computer languages & OS including HBCD, Linux, etc. He also has a keen interest in ethical hacking.

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