According to a report released by the Reserve Bank of India, there were about 32.64 million credits card in operation by January 2018, says an article on Medianama. Plastic money has become an absolute necessity for the working individual. Plus, credits cards offer easy payment solutions and multiple benefits to card holders.
Some Indian banks have launched specific credit cards, according to the needs and demands of certain professions. And, credit cards for doctors is one such category to have evolved in recent years. While doctors are considered almost next to God in India, several banks have acknowledged their importance and come up with this special service for them.
Here are some examples of the best credit cards for doctors in India.
SBI Card for Doctors
SBI has launched a new doctor’s credit card, in association with the Indian Medical Association. This card provides insurance coverage of ₹10 lakhs against professional risks and other liabilities, says an article on The Times of India. It offers numerous benefits, such as emergency replacement of the card, contact-less technology, worldwide access to cash and highly secured transactions. The card offers a flexipay option, under which you can change your transaction into easy monthly installments. With a global acceptance service, you can use this card at more than 24 million global outlets and around 3.25 lakh outlets in India alone.
Other attractive features of this credit card are heavy discounts on car rentals, Professional Indemnity Insurance, fuel charge waiver, discounts on airport immigration across 400 international destinations and access to international and national airport lounges. Moreover, cardholders get an e-gift voucher from Yatra.com worth ₹1,500.
There are certain eligibility criteria for the Doctor’s SBI card, such as you need to have been practicing for more than 3 years as a salaried doctor or must be self-employed, you should be earning at least ₹1,50,000 annually and your age must be between 21 and 65 years.
Doctor’s Superia Credit Card from HDFC Bank
Introduced especially for doctors, this credit card from HDFC Bank offers numerous benefits to cardholders. It provides 1,000 reward points as a welcome gift and another 1,000 reward points each time you renew your card. These reward points can be redeemed against various products and services. It also offers a fuel waiver to card holders. With its special features, like zero charge on loss of card and safe transactions, this is a great choice for doctors.
The eligibility criteria for the Doctor’s Superia credit card is that a salaried doctor’s age must be between 21 and 60 years and a self-employed doctor’s age must be between 21 and 65 years at the time of applying for the credit card. For more details about the terms and charges of the Doctor’s Superia credit card, you can visit this website.
So, before applying for a credit card, make sure you understand the terms and conditions under which you can avail various benefits. It is advisable to choose a credit card that suits your distinct requirements and financial needs.
Also read: Best credit cards in India