New Delhi, May 6 -- If you are applying for a credit card, you should remember that one of the most important features of a credit card is the ability to use cashless credit. However, there are a range of other benefits also which a card offers. These features include cashbacks & rewards, miscellaneous services such as access to lounge and building of credit score.

For instance, if a card offers 3 points for every Rs.100 you spend, then you can accumulate 300 points upon spending Rs.10,000 by using the card. Theserewards points can be redeemed for booking air tickets and hotels. Similarly, cards help you build a credit score over a period of time. But for this, one must ensure to keep credit utilisation ratio (CUR) under check. The ideal...