Mastercard Credit Card: Types, Benefits and Features

Cash-based transactions are not commonplace anymore. Money, which was once only handheld, is now present in the digital world. Cashless transactions have been made popular with the introduction of credit cards, debit cards and now, UPI-based apps, such as Airtel Thanks. Between all these digital forms of paying money, it is often the credit card that provides the maximum value to the users. Why so? Because credit cards offer plenty of cashback, discounts, no-cost EMIs on high-priced items and a lot more.

Amongst the wide number of credit cards, Mastercard credit cards are one of the most trusted, globally. Present a Mastercard credit card wherever you go and it will be easily accepted, 99% of the time. But what is it about these credit cards that help them stand out? Why is the Mastercard credit card so famous? Here’s everything you need to know.

What are the types of Mastercard credit cards?

You need to understand that with credit cards, the one-size-fits-all approach does not go too well. There are different credit cards for people with different aspirations. Let us have a look at the various types of Mastercard credit cards first:

Standard Mastercard credit card

If you are looking for a credit card that acts as your daily companion, then this is the perfect card for you. It is one of the best cards for those who have just started using a credit card and want to build a good credit history quickly. All the thrills and features of a credit card, and no frills.

Gold Mastercard credit card

The gold Mastercard credit card is for users with a more affluent lifestyle, who are also looking to get more discounts and benefits from their credit cards. This credit card, as the name may have already suggested, adds a touch of luxury to everything.

Platinum Mastercard credit card

If you’re bitten by the travel bug, and you chalk up air miles quite frequently, then this is the perfect credit card for you. This credit card offers exclusive travel-based perks, such as airport lounge benefits, travel insurance, discounts on airfare tickets and more. Planning your next trip to exotic locations halfway across the globe? This card is your trusted ally.

World Mastercard credit card

This is the credit card for those who will not settle until they have the very best. The World Mastercard credit card is the best credit card, offering privileges meant for a select few – complimentary hotel stays, access to premium events and more.

Read more: What are the best credit cards for beginners in India?

What are the benefits of the Mastercard credit card?

Here are the biggest benefits of the Mastercard credit card:

• Contactless Payments – Just swipe the credit card and go
• Globally accepted – Mastercard credit cards are accepted all over the world
• Plenty of rewards – Enticing reward programs that help you save more with every purchase
• High on security – EMV chip tech, biometric authentication, and real-time alerts
• Go big with EMIs – Purchase expensive items and repay with easy EMIs  
• Seamless online shopping – Shop online with Mastercard with the SecureCode feature

Read more: What is a credit card statement?

What are the eligibility requirements of Mastercard credit cards?

Here are some of the eligibility requirements:

• The applicant must be above the minimum age of 18 years
• The minimum income of the applicant must be above ₹3 lakhs
• Applicant must be salaried or self-employed
• The applicant needs to be a citizen of India to apply for a credit card in India

How to apply for a Mastercard credit card?

If you are looking to apply for a brand new Mastercard credit card, then check out the Airtel Axis Bank credit card. It has all the features, plenty of cashback offers and multiple discounts. Here is how you can apply for it:

1. Download the Airtel Thanks app on your smartphone
2. Log in to the app
3. In the ‘shop’ tab, click on Airtel Finance
4. Select the Airtel Axis Bank credit card banner
5. Read all the benefits mentioned and click on ‘apply now’

Read more: A complete guide on how to improve your credit score

What are the documents needed to get a Mastercard credit card in India?

Here are the set of documents that you will need to get a Mastercard credit card in India:

• You need to provide your proof of income, such as bank statement
• Proof of address (Aadhaar card, passport, driving license, voter ID)
• Proof of identity (Aadhaar card, passport, driving license, voter ID, PAN card, etc.)

Additional documents may also be required, which will be notified to you by the bank at the time of applying for the credit card. 

Get your brand new Mastercard credit card by choosing the feature-rich Airtel Axis Bank credit card and make savings up to ₹18,000 per year!