Align credit card perks with your spending behaviour, say experts

Paying hefty annual fee is justified if you can extract higher benefits from the card

Federal Bank has launched a credit card (with three variants) in association with Visa on which it will offer the lowest annual percentage rate (APR) in India, starting from 0.49 per cent per month or 5.88 per cent per annum. Prior to this, IDFC First Bank’s credit cards offered the lowest rate of 9 per cent to select customers.
 
The interest rate Federal Bank charges will depend on the balance in one's savings account. The interest rate will change dynamically as the balance changes. In addition, the bank will use analytics (which will factor in the customer’s credit score