Hello Hive Fam
Good day to you all, and I hope you're having a good time wherever you are.
A credit card is very good to have, and I have been using a credit card for a long time. It is because it is convenient, and I need not carry cash when I am buying things in the market. It is also convenient when I buy things online because I don't need to spend money from my bank account. I use the credit card, so in return, I get either points or cash back, whereas the payback amount remains the same since I always make the payment before the due date. It's a beneficial deal for me, which helps me save some money.
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I have multiple credit cards from different banks. Out of them, the Amazon Pay credit card is one of the good cards because it offers great cashback on Amazon. If I need to buy things from another website, then it does not offer anything, which is really good, and that stays at 1%. I think it's not good. There is another card which I got to know about that offers 5% cashback on all online purchases on all e-commerce platforms.
This credit card is from SBI, and the card name is SBI Cashback Card. I have applied for this because, apart from Amazon, I use other e-commerce websites also for purchases, and that is where this card will help me to get some cashback. This is not a free-for-life credit card, so there is some fee, which is like 999 + GST. But the Amazon Pay credit card is free for life, so there is no annual or renewal fee applicable on the card.
I generally prefer the cards which are free for life, but I see that SBI does not offer a free-for-life credit card. I thought, let's try this one, and maybe I'll be getting better value as a return after paying this joining fee. I want to experience this, and that's why I'm ready to pay these joining charges to the credit card company. I hope my experience goes well!
Currently, my application is submitted and approved, but the card has not been issued. I think it should be done in the next few days, and I will be getting the physical copy of the card. A good CIBIL score is required to get the application approved, and my CIBIL score is very good, so approval is not a problem for me. I knew it would be done, but now I'm waiting for the card, which I think should be delivered in a week's time. I will see how my experience is with this new card, so I'm kind of excited to see how much cash back I will be able to earn with this card!
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