Are you ready to harness the full potential of your spending power? Look no further as we unveil the top 10 credit cards in India, opening doors to a world of rewards, benefits, and financial freedom!
Plastic money has become a crucial component of our daily financial life, and the use of credit cards has skyrocketed in this digital era. They provide consumers with ease, security, and a host of other advantages. Did you know that the credit card market in India has been witnessing a remarkable growth rate of over 25% annually? In fact, the number of credit cards in circulation crossed the 50 million mark last year, highlighting the increasing demand for these financial companions.
But with so many alternatives in the market, picking the best credit card may be difficult. This article will talk about the top ten credit cards in India to help you select the best one. So, whether you are a regular traveller, a shopaholic, or someone searching for cashback incentives, this article will assist you in making an informed decision.
Which Is The 10 Best Credit Card Options In India?
Here, we have made a list of the top 10 credit cards that can avail you of numerous advantages:
1. HDFC Bank Regalia Credit Card
The HDFC Bank Regalia Credit Card is a prestigious offering by HDFC Bank to serve the discerning needs of affluent individuals. With a host of benefits, including access to airport lounges, exclusive dining privileges, and rewards on travel and shopping, the Regalia Credit Card is designed to provide a luxurious and rewarding experience for its cardholders.
Several advantages are available to cardholders of the premium HDFC Bank Regalia Credit Card. The following are some of the card’s important attributes:
- Complimentary memberships to MMT Black Elite and Club Vistara Silver Tier.
- Spending at Marks & Spencer, Myntra, Nykaa, and Reliance Digital can help you earn 5X Reward Points.
- Free lounge access at more than 1000 airports.
- Every Rs. 150 spent earns you 4 reward points. (On retail* purchases)
- Vouchers worth 1,500 on quarterly expenditures of 1.5 lahks
- Flight coupons worth 5,000 rupees on yearly spending of 5 lakh rupees, and an extra voucher of 5,000 rupees on spending of 7.5 lakh rupees.
Who Should Get This Card?
The HDFC Bank Regalia Credit Card is ideal for individuals with high spending capacity. It is a suitable choice for people who value luxury experiences and desire access to premium airport lounges, enjoy exclusive dining privileges, and wish to earn rewards on their travel and shopping expenses.
2. American Express Platinum Reserve Credit Card
The American Express Platinum Reserve Credit Card is one of the top credit cards in India that caters to the affluent segment. With benefits such as access to exclusive airport lounges worldwide, exceptional travel and lifestyle spending rewards, and complimentary memberships to elite hotel loyalty programs, this card is designed to provide a luxurious and personalised experience for its cardholders. The following are some of the card’s key benefits:
- The first-year fee is Rs.5000, and from the second time onwards, it is Rs.10,000 + Taxes.
- Free access to airport lounges, including those run by American Express.
- 20% discount on Taj Epicure InnerCircle and Hotel Collection membership.
- Every Rs. 50 spent earns you one Membership Rewards Point.
- Get complimentary access to 32 courses twice a month in India.
- If the card is stolen, broken, or gets damaged by any natural disaster, it can be refunded within 60 days of purchase.
Who should get this card?
The American Express Platinum Reserve Credit Card is ideal for individuals who have high net worth and a penchant for luxury experiences. It is particularly suited for frequent travellers who value access to premium airport lounges, enjoy earning rewards on travel and lifestyle expenses, and appreciate the added perks of complimentary memberships to prestigious hotel loyalty programs.
3. SBI SimplyCLICK Credit Card
The SBI SimplyCLICK Credit Card is a popular choice for individuals who frequently shop online. It offers accelerated rewards on online spending, including e-commerce platforms and utility bill payments. With additional benefits such as milestone rewards, fuel surcharge waivers, and easy redemption options, this card caters to digital-savvy users looking for convenience and rewards in their online shopping endeavours. The perks of the card include the following:
- 10x reward points on some partner websites’ online purchases
- The foreign currency transaction fee is 3.50%
- Get a 1% fuel surcharge waiver on fuel transactions between Rs.500 and Rs.3000.
- If you spend Rs. 1 lakh or more, the annual charge will be waived.
- Annual fee Rs. 499+ Taxes.
- Earn one reward point on every Rs.100 spent.
Who should get this card?
This card is suitable for people who do a lot of online shopping. You may earn points through the card’s rewards programme and exchange them for a range of incentives, including gift cards, goods, travel, and cash back.
4. ICICI Bank Amazon Pay Credit Card
The ICICI Bank Amazon Pay Credit Card is a co-branded credit card offered in collaboration with Amazon Pay. It is designed to provide seamless integration with the Amazon ecosystem and offers attractive benefits for online shoppers. It is one of the best credit cards in India with no annual fee. Cardholders can earn cashback on Amazon and partner merchants, enjoy accelerated rewards on various categories, and access exclusive discounts and offers on Amazon. It is ideal for frequent Amazon shoppers who want to maximise their savings and enjoy a seamless shopping experience. The following are some of the card’s important attributes:
- 5% cashback without limit on Amazon.in for Prime members and 2% cashback without limit for all other online purchases, flight bookings, recharges and bill payments.
- 1% constant cashback on all other payments.
- 3% cashback at Amazon.in for non-Prime members.
- No enrollment cost
- No expiry date for the rewards earned.
Who Should Get This Card?
The ICICI Bank Amazon Pay Credit Card is a smart choice for people who often buy on Amazon. You can utilise the cashback from the card’s rewards programme to defray future Amazon purchases.
5. Axis Bank Flipkart Credit Card
The Axis Bank Flipkart Credit Card is a co-branded credit card offered by Axis Bank in partnership with Flipkart. This credit card is tailored for avid Flipkart shoppers, providing attractive benefits and rewards specifically designed for online shopping enthusiasts. Cardholders can earn Flipkart Axis Bank credit card reward points on every purchase, enjoy exclusive discounts and offers on Flipkart, and avail of accelerated rewards on select categories. Here are some of the card’s important attributes:
- 5% cashback that never expires on Flipkart and Myntra
- Rs. 500 Flipkart vouchers are available on your first transaction with this credit card.
- 500 rupee annual fee waived with the purchase of more than 2 lakh rupees.
- The joining fee is Rs. 500
- The foreign currency transaction fee is 3.5%.
Who Should Get This Card?
Those who often buy on Myntra or Flipkart can consider getting the Axis Bank Flipkart Credit Card. You can utilise the cashback you get from the card’s rewards programme to defray future purchases made on these sites.
6. Standard Chartered Super Value Titanium Credit Card
The Standard Chartered Super Value Titanium Credit Card is one of the top credit cards in India and a popular choice for individuals looking to maximise their savings on everyday expenses. With a focus on providing value and cashback benefits, this card offers attractive rewards on fuel, utility bills, and dining spends.
Cardholders can enjoy cashback on eligible transactions, fuel surcharge waivers, and discounts at partner dining outlets. It is an ideal option for those seeking to earn cashback and enjoy savings on essential expenses while using a trusted and globally recognised credit card. The Standard Chartered Super Value Titanium Credit Card has the following characteristics:
- Rs. 750 annual charges; waived for users of premium banking
- You can get 5% monthly cashback on fuel charges up to INR 2000 at any fuel station.
- Reward points: Each Rs.150 spent earns one reward point.
- You can get 5% cashback on phone bills for transactions above INR 750.
- Charges for foreign exchange are 3.5%.
Who Should Get This Card?
This card is well-suited for individuals who prioritise maximising their savings on everyday expenses. It is ideal for frequent fuel purchasers, as the card offers cashback and fuel surcharge waivers. Additionally, it caters to those who frequently dine out and pay utility bills, providing cashback benefits in these categories as well.
7. Citibank Cashback Credit Card
If you’re searching for a credit card that gives rewards on the purchases you make often, the Citibank rewards Credit Card is a fantastic choice. The card gives a 5% cashback on all purchases, including cinema tickets, phones, and utility bills. It provides 0.5% cash back on other purchases. The card also provides a variety of additional advantages, including free credit card insurance and no foreign currency fees. Some of the main characteristics of the Citibank Cashback Credit Card are as follows:
- The cost per year is Rs. 500
- Easy redemption.
- Rewards: 5% accelerated cashback on cinema tickets, phone bills, and utility bills; 0.5% cashback on all other purchases.
- You can avail your cashback in multiples of Rs. 500
- Unredeemed cashback will never expire.
Who Should Get This Card?
This card is ideal for individuals who prioritise earning cashback on their everyday expenses. It is particularly suitable for those who frequently dine out, spend on groceries, and pay utility bills. This card can be a valuable addition to your wallet. If you want to maximise your savings and earn rewards on essential spending categories.
8. Kotak Mahindra Bank Royale Signature Credit Card
Next on our list of top credit cards is the Kotak Mahindra Bank Royale Signature Credit Card. It is a premium credit card offering a range of exclusive benefits and privileges. It caters to individuals seeking luxury experiences and personalised services. Cardholders can enjoy access to airport lounges, concierge services, rewards on dining and shopping, and complimentary insurance coverage. The card also offers milestone benefits and discounts on movie tickets. The following are some of the card’s key benefits:
- It is one of the best credit cards in India with no annual fees for those who spend over Rs. 1 lakh.
- Two complimentary airport lounge visits to domestic airports.
- On special categories like restaurants, travel, flight tickets, and overseas purchases, 4X reward points are awarded for every Rs. 150 spent. In all other categories, there is a 2X prize option.
- 2 BookMyShow gift cards are offered as a welcome gesture.
- On spending 4 lakhs in a year, you can avail of 10,000 bonus reward points; if you spend 8 lakhs, you will earn 30,000 reward points.
- A 1% fuel surcharge waiver is available on all fuel transactions between Rs. 500 to Rs. 3000
Who Should Get This Card?
This card is best suited for individuals with high spending capacity and who appreciate premium services and luxury experiences. It is an ideal choice for frequent travellers who value access to airport lounges and concierge services. Moreover, individuals who enjoy dining out and shopping will benefit from the rewards and discounts offered by this card.
9. RBL Bank Platinum Maxima Credit Card
The RBL Bank Platinum Maxima Credit Card is a feature-rich credit card offering rewards on various spending categories, including dining, entertainment, and utility bill payments. The card also offers fuel surcharge waivers, airport lounge access, and discounts on movie tickets. With its attractive rewards program and additional perks, the RBL Bank Platinum Maxima Credit Card is designed to enhance the overall shopping and lifestyle experience of its users. The card delivers two reward points for every 100 rupees spent on all transactions. Some other advantages of this card include:
- Free movie tickets at BookMyShow are worth up to Rs. 200 every month when you buy two or more tickets.
- Every calendar quarter, get 2 free visits to domestic airport lounges.
- Annual Spend Bonus: Use your card to make purchases totalling Rs. 2 lakhs or more in a calendar year to earn 10,000 reward points; get an extra 10,000 bonus reward points when you make purchases over Rs. 4 lakhs in a calendar year.
Who Should Get This Card?
The RBL Bank Platinum Maxima Credit Card is well-suited for individuals who frequently dine out, watch movies, and make utility bill payments. If you enjoy earning rewards on multiple categories and seek perks like fuel surcharge waivers and airport lounge access, this card can be a great choice.
10. IndusInd Bank Platinum Credit Card
The last on our list of 10 top credit cards in India is the IndusInd Bank Platinum Credit Card. This card provides attractive rewards on various spending categories, including dining, shopping, and entertainment. The card also offers complimentary airport lounge access, insurance coverage, and discounts on movie tickets. With its flexible rewards program and additional perks, the IndusInd Bank Platinum Credit Card caters to individuals seeking a rewarding credit card experience and value-added benefits. The card delivers two reward points for every 100 rupees spent with all transactions. Some other advantages of this card, include
- The enrollment fee is Rs.3000
- The minimum income requirement is Rs.25000 per month.
- As a welcome benefit, you can get gift vouchers from EazyDiner, Montblanc etc.
- You can win 1.5 reward points for every Rs.150 spent.
- No renewal fee is required.
Who Should Get This Card?
The IndusInd Bank Platinum Credit Card is ideal for those who frequently dine out, shop, and enjoy entertainment activities. If you value airport lounge access, insurance coverage, and discounts on movie tickets, this card can be a good fit for you. The IndusInd Bank Platinum Credit Card provides a combination of rewards and perks to enhance your credit card experience.
Conclusion
With this, we conclude our list of 10 top credit cards in India. When selecting the best credit card, it is important to carefully evaluate personal preferences, spending patterns, and financial objectives. The cards mentioned above provide a variety of perks and incentives to suit various needs and lifestyles. Before making a choice, it is crucial to carefully read about each credit card’s terms and conditions, charges, and benefits. You may select the credit card that best meets your demands and enables you to maximise your financial experience in India by evaluating your criteria and contrasting the available possibilities.
Frequently Asked Questions – (FAQs)
1. Which Bank Credit Card is Best in India?
Determining the top credit card in India depends on individual preferences, spending habits, and financial goals. One must read about the reward programs, cashback offers, annual fees, interest rates, customer service, acceptance, and additional benefits of each of these cards and then select the one that is best for them.
2. Which Credit Card is Best for the Rewards Program?
Determining the best credit card for rewards programs depends on the specific rewards you value and your spending patterns. However, some of them include SBI Card Prime, HDFC Bank Regalia Credit Card and Citibank Cashback Credit Card.
3. What is the highest level of credit cards?
The highest level of credit card typically refers to premium or prestigious credit cards that are designed for high net-worth individuals with an excellent credit history. These cards offer exclusive benefits and privileges to cardholders. One such card is the Centurion Card from American Express.
4. Which credit card is best for students?
SBI Student Plus Advantage Credit Card is believed to be the best credit card for students.
5. Which credit card is best for online shopping in India?
ICICI Amazon Pay Credit Card is best for you if you are shopping on Amazon. However, you can use Axis Bank Flipkart Credit Card if you are shopping on Flipkart or Myntra.
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