International Bank of Commerce, popularly known as IBC offers varied banking services and products. Credit card is one such service that has received a lot of customer appreciation. Customers can choose between a variety of credit cards that are tailored as per customer requirements. Whichever credit card you choose, you are sure to receive additional benefits such as purchase protection, extended warranty and car rental discounts.
Whether this is your first credit card or want to apply for another one, you will have to do your homework well. It is important to know the reason behind applying for a credit card. Of course, credit cards attract customers with rewards and cash back, as a customer you will have to focus on interest rates and credit limit. Doing a reality check on your spending habits will tell you whether you should apply for a credit card or not.
Let us look at the various options of credit cards available with IBC Bank.
Types of IBC Credit Cards
Here are some of the popular credit cards offered by the bank.
Complete Rewards Visa Card
This card gives you 1% cash back on gift cards, purchases, travel and even merchandise. The reward points never expire. The bank has a 0% introductory APR for the first 6 billing cycles after which it charges 16.99% to 23.99% APR depending on your credit history.
Platinum Edition Visa Card
This card charges 0% APR for the first 15 billing cycles after which an APR of 10.99% to 20.99% APR is applicable. It gives you a $25 statement of credit when you make a purchase within the first 3 months. There is no annual fee and an introductory balance transfer of 3%.
Secured Visa Card
This card suits those who want to build or establish credit. The bank charges a deposit of $300 to $500, and gives you a chance to qualify for an increase in credit limit after seven months. It charges an annual fee of $25 and a variable APR of 20.99% on balance transfers as well as purchases.
IBC College Rewards Card
This card supports college students and is designed for youngsters who wish to build credit. Every $1 spent is equal to 1 reward point. This card has low interest rates and manageable credit lines.
Which Card to Choose?
With so many options, you are sure to find your best deal. The best part of IBC credit card is that each card has a specific benefit associated with it. You only have to see which category you belong to and which card will be the best for your spending habits.
Paying your monthly bills have also become very easy. You have the option of paying online, setting automatic payments or paying through check. You can also choose the date when you want the bank to make deductions every month.
Before applying for a credit card, it is recommended to analyze the common benefits and compare various cards in the market. The sole purpose of a credit card is to help you travel without cash. This does not mean that you keep spending without any control. You need to realize the sense of responsibility that comes only when you are paying your bills on time.
IBC credit cards help you to travel without any restrictions. The card being acceptable at major outlets gives you the freedom to spend wherever necessary. Managing your finances well along with enjoying extra benefits offered by the bank, is the best way to use a credit card.