Credit cards have made making payments more manageable. Along with convenience, you enjoy various benefits in categories like shopping, movies, entertainment, travel, restaurants, cashback, and more.
Super Card is your answer if you want a card that complements your elevated spending habits and lifestyle.
The benefits you enjoy on this card are superior to your regular credit or debit card. For example, you get anywhere from 2 to 20 times accelerated points and rewards on purchases. In addition, you can get a fuel surcharge and annual fee waivers depending on your spending.
You can get complimentary access to airport lounges every quarter. Or you can redeem points to book flight tickets and hotel stays.
Let us start with the article to learn more about the features and benefits of Super Card.
What is a Super Card?
A Super Card is a credit card with additional features and benefits. In the case of an emergency, the card can also double up as a debit card. You can withdraw money using the card according to your credit limit.
Several banks in India offer this card to customers. Different variants of the card are offered, which come with varying benefits and annual fees.
For example, an entry-level card may have a yearly fee of INR 499. On the other hand, an elite-level card that can be used globally may have a yearly fee of INR 4,999. So, you should choose a card according to your spending habits.
Eligibility Criteria for Application
The eligibility criteria will differ depending on the card issuer. However, we will look at the basic requirements you may need to fulfil.
- You must be an Indian citizen
- You must be between the ages of 25 to 65 years
- You must have a regular source of income
- You must have a credit score of 750 or above
- You must have a good credit history with no default payments
What are the Important Features and Benefits of a Super Card?
Are you wondering if the Super Card is the right financial product for your spending habits? Are you unsure whether you should apply for one?
Here are some features and benefits the card offers that can help you decide:
· Welcome Rewards
Most card issuers offer you a welcome gift once a card is issued. The welcome gift can be in the form of reward points. For example, some banks provide 2000 reward points worth INR 500 while other banks offer 20,000 reward points worth INR 2,000.
The points may be used on partner channel products and services. You may also have to use the points within a specific period, for example, a month, or they may lapse.
· Zero-interest Cash Withdrawals from ATM
The transaction will attract high fees and service charges if you use a credit card to withdraw cash from an ATM.
With a Super Card, you do not have to pay any interest for up to 50 days when withdrawing money from the ATM.
· Emergency Loan
Emergencies can show up anytime, disrupt your routine, and stress you out. But, with a Super Card, you are better equipped to handle emergencies.
Your card comes with a pre-approved credit limit. In case of emergency medical expenses or house or car repairs, you can convert the available cash limit to a personal loan once a year.
For up to 3 months, there will be zero processing fee and a minimum interest rate. You can do this conversion from the comfort of your home. Please contact the bank for accurate charges and interest rate structure.
· Reward Points
For every purchase, bill payment, and online spend that you make, you receive reward points. Some cards offer one reward point for every INR 100 spent, while others provide 2X the points.
The point allocation may differ according to category. For example, online shopping can get you twice the reward points. In the case of elite cards, you may get up to 10X points on international spending.
So, the more you spend, the more you are rewarded.
· Airport Lounge Access
Long flights, layovers, and the risk of delayed flights can make travelling a tiring experience. Airport lounges are places where you can sit, relax, and enjoy some good food and drinks while you wait for your next flight.
With a Super Card, you can enjoy complimentary access to airport lounges. Some cards offer one lounge access every quarter at domestic airports. Other cards can get you up to 8 complimentary lounge access between domestic and international airports.
· Milestone Bonuses
Card issuers have set milestones for the spending amount. For example, if you spend INR 50,000 a year, you may get up to 3000 reward points. For big spenders, if you reach milestones of Rs 3 to 5 lakhs, you can get 20,000 to 40,000 reward points as benefits.
These reward points can be worth INR 1,000 to INR 4,000.
· Fuel Surcharge Waiver
The waiver means you do not have to pay surcharge fees when using the card to pay for petrol or diesel.
Depending on the card, the fuel surcharge waiver every month can range from INR 100 to INR 200.
· Offers and Discounts
Banks partner with retail giants, online brands, entertainment portals, travel booking websites, and more to bring exclusive offers and discounts.
For example, you can get a free movie ticket monthly with online booking. Or you could enjoy a 10 to 20% discount when dining at partner restaurants. You can also get deals when redeeming points at partner outlets.
· Annual Fee Waiver
Banks charge an annual fee plus taxes as maintenance for these cards. But, your next year’s annual fee will be waived if you reach a particular spending milestone.
For example, If you spend INR 50,000 a year, along with milestone bonuses, rewards points, and offers, your yearly fee for the next year will also be waived.
If you want to own a card that complements your lifestyle, explore the different Super Cards available. These cards are designed to reward your spending habits.
You can save with cashback and reward points while enjoying welcome and milestone bonuses, complimentary airport lounge access, fee waivers, and exclusive offers and discounts.
You can visit Piramal Finance to get a free credit report and check if you are eligible for a supercharged credit card. You can also get in touch with their experts to know more about personal loan features and benefits.