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If you are a credit card user, then there's one question that you must be asking yourself - am I getting the best offer from my card? How to improve my CIBIL score? ( See below reference ) What strategies to use to pay my bills on time?
Today, we address the first question. There are so many credit card options; how do I choose the best credit card in India? We have compiled the top 10 credit cards in India and what they offer to make your decisions easier.
Your need will decide what's the best credit card for you. You should ask yourself if you frequently travel, dine out often, watch movies regularly, or a combination of all activities? The cards you will find here have been divided into various categories like rewards, fuel, shopping, shopping and cashback, travel and dining, online shopping, premium lifestyle, air miles, or movies.
What's the Best Credit Card in India for You
Here are the top Credit Cards from different banks:
American Express Membership Rewards Credit Card:
Designed for the middle-income customer with an average salary of Rs. 40000 to Rs 50000 per month, the American Express Membership Rewards Credit Card comes at an annual fee of Rs. 1000/-.
When it comes to redeemable points for spending, American Express has the best program. You get 4000 Membership Reward Points as a bonus when your card is activated. Every four transactions of Rs. 1000 per month rewards you with 1000 bonus membership reward points.
IndianOil Citibank Platinum Credit Card:
If you have a high fuel bill, then the IndianOil Citibank Platinum Credit Card gives you the best savings. It is the best credit card in India in the fuel category. You pay an annual fee and renewal fee of Rs. 1000.
To qualify for this card, you would need a monthly income of at least Rs. 25000/-. You are entitled to free fuel up to 71 litres through turbo points or fuel surcharge vouchers. Shopping for groceries and supermarket purchases gives you 2 and 1 turbo points respectively.
HSBC Cashback Credit Card
If you love shopping, then consider the HSBC Cashback Credit Card for the best deals. It would help if you had an annual income of Rs. 400000 to be eligible for this card. You get rewarded in the form of discounts or cash back every time you shop with this card.
Cashback benefits of 1.5% and 1% for online and offline transactions respectively. There is no joining fee. Welcome services include airport meal vouchers or Swiggy vouchers or domestic/international lounge access.
There are flexible payment options through EMIs, and you also get cashback on EMIs.
Standard Chartered Super Value Titanium Credit Card
If you have a monthly income of Rs. 55000 or more and are a shopaholic, then go for the Standard Chartered Super Value Titanium Credit Card. You must pay an annual fee and renewal fee of Rs. 750. Fuel spends are also included in the cashback and rewards.
Benefits include 5% cashback on utility bill payments, phone recharges, and fuel spends. You get membership in the Standard Chartered Good Life Programme giving you discounts on shopping, travel, and more.
HDFC Regalia Credit Card:
For high-income professionals with salaries upwards of Rs. 90000 per month who travel and dine at restaurants regularly, the HDFC Regalia Credit Card is a great choice. You get the Zomato Gold membership if you spend more than Rs. 75000 on activation. The annual fee and renewal fee are Rs. 2500.
Other benefits include 2500 reward points, 12 complimentary domestic and international lounge access, membership of the Good Food Trail dining program, accident cover of Rs. 1 crore, overseas emergency hospitalization of Rs. 15 lakh. For spends over 5 lakh, you get 10000 reward points.
Amazon Pay ICICI Bank Credit Card
If you regularly shop at Amazon, then the Amazon Pay ICICI Bank Credit Card has some great offers for you. You don't pay any annual or renewal fees. You get an additional 5% cashback offers as an Amazon Prime customer along with current offers.
For non-Prime customers, its 3% cashback. For items purchased with a value of over Rs. 3000, there is a no-cost EMI facility. Each reward point is worth 1 rupee and gets credited to Amazon Pay balance.
SimplyCLICK SBI Card
You need to have an income of Rs. 20000 per month and be a regular online spender to get the best from the SimplyCLICK SBI Card. With 10x reward points in addition to discounts, shopping lets you earn with this card. The annual and renewal fee is Rs. 499/-.
Other benefits of this card include a welcome gift voucher of Rs. 500/-, 1% fuel surcharge waiver on fuel, and reversal of annual fee if you spend a lakh per year.
YES FIRST Preferred Credit Card
This card is meant for premium customers with incomes over Rs. 120000 per annum. Transactions within the three months of card activation give you 10000 reward points. You get membership in the Mastercard World Golf Programme.
You also get 25% off on BookMyShow tickets, complimentary insurance cover, four free visits, complimentary Priority Pass membership, and renewal benefits of 7500 reward points. The bonus is you don't pay anything as annual or renewal fee.
Citi PremierMiles Credit Card
If you are a frequent traveller, then the Citi PremierMiles Credit Card is your ideal travel partner! For an annual fee and renewal fee of Rs. 3000, you get 10000 bonus miles if at least Rs. 1000 within two months of activation. These air miles don't expire, and you get another 3000 miles on renewal.
These travel miles can be transferred to Frequent Flier Programs of different airlines, and you also get complimentary airport lounge access at select airports worldwide.
SBI Card Elite
This card is meant for high-income professionals with a salary of Rs. 60000 who love travel and movies. With an annual fee and renewal fee of Rs. 4999/-, this card gives you welcome e-gift vouchers worth Rs. 5000/-. Enjoy complimentary airport lounge access, earn 10000 bonus reward points on annual spending of Rs. 300000, and get 5x reward points when shopping or dining.
Settle for the Best Credit Card
There are many offers from different banks, and you need to decide which is the best credit card in India. The factors you must consider are your income and your interests. If you want more benefits in addition to what your credit card offers, then you can try apps like CRED ( ( See below reference )
You've worked very hard to achieve success in the corporate world; it's now time to reward yourself! Get the right card and enjoy the good life!
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How to improve my CIBIL score? and More Information at CRED
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