Trying To Apply For A Credit Card? Check Out Digital Cards Like LazyCard Instead

24 June,2022 11:43 AM IST |  Mumbai  |  BrandMedia

There is no doubting the fact that traditionally, credit cards have been tools of extreme utility, finding applications in a myriad of scenarios and bolstering the economic prosperity of millions of people all over the world. The best credit cards can truly make a difference in your life, and that is the reason why so many individuals apply for credit cards every year.

But just like other revolutionary technologies that have come and gone, credit cards are on their way out. The reason is twofold:

Let us try to understand the major differences between a traditional credit card and a new-age digital card and see if moving with the times is a good option or not.

What Is A Traditional Credit Card

A credit card is a physical, often made of plastic, the card issued by a bank or other financial institution to an eligible customer. It enables the cardholder to instantly borrow money from the issuing institution. There is a limit set to how much credit can be accrued by the cardholder. The borrowed amount needs to be repaid upon the monthly generation of the credit card bill. The repayment amount can be the whole amount or a part of it (EMIs).

How Can You Apply For A Credit Card

Credit card application is a fairly simple process. You can connect with your bank and check which options are available to you. The process can be carried out online as well. The only caveat is that your credit card eligibility and your credit limit are based on your credit score, which is dependent on factors of your past financial behaviour.

What Are The Pros And Cons Of A Credit Card?

The major pros of a credit card are as follows:

The cons of Credit Cards are as follows:

The Alternatives: Lazy Card

The latest revolution in digital payments has been brought by the BNPL model. It stands for Buy Now Pay Later. In BNPL, you can purchase something without paying anything from your pocket at that moment, much like a credit card. You are required to pay the amount in lump sum or EMIs at a later date, much like a credit card. But unlike the credit card, there is no interest charged on the amount.

Under this scheme, companies like LazyPay are offering digital (and in some cases physical) cards that function like credit cards but address a lot of their shortcomings.

Let us take a look at how.

How Is A Lazy Card Different From A Credit Card?

Apart from these differences, you enjoy the benefits of exclusive offers, high acceptance, and a hassle-free purchasing experience.


Digital cards like Lazy Card are truly changing the paradigm of credit-based spending by enabling many financially under-serviced Indians to take credit and improve their lives. If you are looking to apply for a credit card, you should definitely explore the option of digital cards like Lazy Pay.

Brand Media
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