Money Finance
Bangalore 560022 moneyfinanceservice@gmail.com

Office Address

  • No 1503 40/41 MKK Road 11th C Cross 1st Floor Bangalore - 560022
  • moneyfinanceservice@gmail.com
  • +917022573176

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Our Features

Credit Card

Credit Limit

Keep Records of all Transactions

Cashback, Rewards and Other Offers

Cash Alternative

Understanding Credit Cards with Money Finance Services

A credit card is a financial tool with a pre-loaded balance that allows the cardholder to make transactions and defer payment. Money Finance Services enables you to settle the balance interest-free for up to 50 days from the payment date. Alternatively, you can opt to pay the minimum amount due, typically ranging from 5% to 10% of the total owed. However, the remaining balance carries forward to the next month, accruing interest based on rates set by Money Finance Services.

Types Of Credit Card

Shopping Credit Cards
Shopping credit cards are designed to reward cardholders for their shopping expenses. They offer rewards such as points or cashback, which can be redeemed for merchandise.
Lifestyle Credit Cards
Lifestyle credit cards cater to various lifestyle needs and preferences. They reward cardholders with points for every transaction, along with shopping discounts and cashback on retail purchases.
Fuel Credit Cards
Fuel credit cards are offered by banks to help customers maximize benefits when purchasing fuel. These cards not only reduce fuel expenses but also offer additional lifestyle benefits.
Rewards Credit Cards
Rewards credit cards provide rewards—such as cash back, points, or travel miles—for every dollar spent, often up to certain limits. These rewards can be used in various ways based on the card's terms.
Cashback Credit Cards
Cashback credit cards give cardholders a percentage of their purchases as cash rewards, often on categories like groceries, dining, and utilities, enabling users to earn money back on everyday expenses.
Travel Credit Cards
Travel credit cards offer exciting deals and benefits related to travel. They provide savings on air ticket bookings, rewards points accumulation, and other perks that enhance the travel experience.
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Features Of Credit Card

Credit Limit

Your credit limit is the maximum amount you can spend on your credit card at any time. It may vary monthly based on your spending and repayment habits, and exceeding it could result in fees.

Balance

The balance on your credit card includes all charges, such as purchases, finance fees, and other fees. You can track your balance online or by contacting customer service.

APR (Annual Percentage Rate)

APR is the interest rate applied to any outstanding balance after the grace period. Managing your APR helps minimize interest charges.

Grace Period

The grace period allows you to pay your balance in full without accruing interest charges. Note that balance transfers and cash advances typically do not have grace periods.

Eligibility Criteria for Credit Card

  • Age Requirement : Credit card issuers typically require applicants to be at least 18 years old, with some having higher age thresholds.
  • Income Eligibility : Issuers set a minimum income threshold to ensure applicants can manage credit card repayments.
  • Credit Score : A good credit score is crucial for eligibility, reflecting responsible credit behavior and increasing approval chances for favorable terms.
  • Residency Verification : Applicants may need to verify their current address or residency status based on issuer requirements.

Documents required to apply for Credt Card

Income Proof
You are required to provide documents such as Aadhaar Card, PAN Card, Driver's License, Passport, or Voter's ID to verify your identity.
Address Proof
You need to submit documents like an Electricity bill, Telephone bill, Aadhaar Card, or other valid proof of your residential address.
Annual ITR (Self-Employed):
If you are self-employed or have alternative income sources, submitting your annual Income Tax Returns (ITR) is necessary to demonstrate your financial status.
Latest Salary Slips:
As a salaried individual, providing your recent salary slips helps to showcase your income and repayment capability.

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