I got offers from 2 banks regarding credit card.
Axis and HDFC.
No Annual fee for life time.
No Joining Fee for life time.
In future, I am planning to take Personal and Home loans ( after 1yr) . By having multiple credit cards means, is there any effect on my upcoming loan.
Your suggestion please.
Whether it is Axis or HDFC, they are not doing any social work by giving you credit card. But they are purely into business. For that, they are trapping you by offering free annual and joining fees. Hence, never be in their trap.
First, understand whether you need credit card or not. If you need, then go with ONE, but not with multiple. It makes you addicted to spending habits. Hence, be within your limit. manage the credit card wisely. This increases your credit score. Having healthy credit score will automatically increase your probability of future loan sanctioned easily.