Finance certifications have been on the rise in India for the past few years, and it seems that the country has seen an explosion in these as the country is now home to some of the world’s most advanced credit card providers.
However, this growth has come at a cost to the industry.
As of the end of 2017, there were more than 1,000 credit card issuers in India, but there is only a small fraction of the 1.2 billion population that is currently enrolled in a credit card company.
That means that there are many new companies popping up every year, but it has also led to a proliferation of new cards that are either not designed to suit the needs of the current and future consumer, or are designed to cater to the likes of large corporations and high-end retailers.
Here are the top 5 credit card companies in India that have gone the extra mile to help consumers achieve a high credit score and better financial privacy.1.
Mahindra Finance: Easypay: EasyPay is the latest credit card offering to be launched in India by Mahindras Finance, a financial services company founded by Vijay Bahl, the founder of Flipkart.
Easypay is the third credit card provider to launch in India.
Its easy to use, fast and offers a wide range of features, including a credit limit of 1,500 per month and a $1,000 annual fee.2.
Mahdia: MoneyGram: Mahdias first credit card, MoneyGrams, is an online credit card with the aim of providing users with a safe and secure payment option that does not depend on physical assets such as cash or credit cards.
MoneyGrip is a digital payment system that allows users to transfer funds from a card to their bank account.
It allows them to save up to 80% of their annual salary for a short period of time.
Money Gram also offers a one-time 30-day free trial and a lifetime membership.3.
CreditCardsIndia: CreditCarsIndia is an Indian credit card issuer with over a million credit cards in circulation.
It has partnered with leading payment solutions provider Mastercard, and is currently rolling out new credit card features.
CreditcardsIndia offers a range of credit card products that cater to a broad range of consumers, including home loan products, personal loan products and loans to business.4.
Indipac: Indipacs credit card is designed to help its users make better financial decisions and to give them the ability to buy and sell products and services with confidence.
The company is the world leader in the Indian credit cards market, with a combined portfolio of more than 2,000 cards.5.
Bharat Forge: BharatForge is a leading company in the online payment space, offering its customers a range on the platform that allows them access to a wide variety of credit and debit card solutions.
Bharats credit card also allows its customers to earn up to 30% on purchases and has a one time 10% cashback.