If you are one of those people or individuals who own a credit card, may it be an HDFC credit card or any other credit card, you automatically are able to avail a lot of benefits linked with the credit card. The benefits offered by credit cards like HDFC credit cards, SBI credit cards, Axis credit cards etc., is one of the crucial reasons why individuals opt for it in the first place.
With the benefits of credit cards, consumers’ shopping experience gets better. Note that credit cards are good alternatives to cash, and as they are accepted globally, one can move freely without fretting about currency conversions.
With a credit card in hand, one’s purchasing power enhances as one can use the card to make big-ticket purchases instantly. One can also buy goods, make payment for food, pay for travelling, take good care of medical costs and various other lifestyle linked expenses. In simple words, transactions through credit cards act like loans. The only difference in this is that it comes with an interest-free period of anywhere between 20 and 55 days, i.e. if the outstanding credit card dues are repaid within the due date, then no interest is charged. Also, remember, transactions through credit cards provide attractive reward points and offers on purchases.
Here are listed the top 10 best credit cards in India.
| 10 Best Credit Cards in India: Rates, Charges & Benefits | ||||
| Credit Card Name | Finance Charges | Joining/Annual/Renewal Fees | Joining Benefits | Key Benefits |
| HDFC credit card moneyback | 43.20 | Annual/Renewal fee: 500
(Waived off on spending 50,000 in the previous year)
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Welcome Benefit of 500 Cash Points (applicable on membership fee payment)
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2 Reward Points on Rs 150 spent. 2X Reward Points on online spends
Gift voucher of Rs 500 every quarter on the spending of Rs 50,000. 1% Fuel Surcharge waived off on fuel transactions (Min transaction: Rs 400 and Max Cash Back Rs 250 per statement cycle) Accumulated Reward Points can be redeemed against statement balance at the rate of 1 RP=Rs 0.20
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| ICICI bank platinum chip | 40.80 | Joining Fee: Nil
Annual fee (2nd Year onwards): Nil
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N.A.
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Payback points redeemable for exciting gifts & vouchers
Fuel surcharge waiver |
| Citibank rewards | Up to 45 | Annual fee: 1,000
(Waived off on spending Rs 30,000 and more in the previous year)
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1,500 Bonus Points on your first spend made within 30 days of card issuance, and another 1,000 Bonus Points on your first spend of Rs 1000 made within 60 days of card issuance
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1 Reward Point can be earned for every Rs 125 spent on all purchases
10X Reward Points on purchases at apparel and department stores 300 Bonus Points can be earned on card purchase of Rs 30,000 or more in a month Never expiring Reward Points
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| SBI simplyCLICK | 42 | Annual Fee: 499
Renewal Fee: 499 (Waived off on spending 1 lakh in the previous year)
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Amazon.in gift card worth Rs 500 on joining
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10X Reward Points on online spending with exclusive partners (Amazon, BookMyShow, Cleartrip, Lenskart, Netmeds, Dineout & Apollo 24X7) and 5X on all other online spends
1 Reward Point per Rs 100 on all other spends E-vouchers worth Rs.2,000 can be earned on annual online spends of Rs 1 Lakh & Rs 2 Lakh 1% fuel surcharge waiver for each transaction between Rs 500 and Rs 3,000 (Max surcharge waiver of Rs 100 is applicable per statement cycle, per credit card account)
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| HSBC visa platinum | 41.88
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Joining Fee: Nil
Annual Fee: Nil
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Introductory benefits of up to Rs 2,250 with 3 complimentary airport lounge access at international and domestic lounges or 3 AirDine (meal) vouchers
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2 Reward Points for every Rs150 spent
5X Rewards on subsequent purchases made after spending over Rs 4 lakh in an anniversary year up to a maximum 15,000 accelerated Reward Points Up to Rs 3,000 annual savings on fuel surcharge
Airmiles conversion on British Airways, InterMiles, and Singapore Airlines
Cashback of Rs 250 on spending more than Rs 50,000 in a calendar month |
| Axis neo | 49.36%
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Joining Fee: Rs 250 (Waived upon spending of Rs 2,500 in 45 days)
Annual Fee: Rs 250
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Amazon gift voucher worth Rs 250, Grofers voucher worth Rs 250 and 1 mg 6 months subscription on 1st spend within 30 days of card issuance
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Minimum 15% off on dining at partnered restaurants
10% off on Grofers – Up to Rs 250 off on minimum spends of Rs 750, valid once every month
10% off every time on shopping at Myntra on minimum buy value of Rs 500
10% off on every purchase of movie ticket on BookMyShow with a maximum monthly benefit of up to Rs 100 |
| Kotak league platinum | 42%
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Joining fee: 500/Nil
Annual fee: 499 (Waived off on spending 50,000 in a year)
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Movie voucher worth Rs 500
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8X reward points can be earned on every Rs 150 spent
Fuel surcharge waiver on transactions between Rs 500 and Rs 3000 (Max waiver allowed in a calendar year is Rs 3,500) Railway surcharge waiver for transactions on www.irctc.co.in and for transactions on railway booking counters. The maximum railway surcharge waiver allowed in a calendar year is Rs 500 Spend Rs. 1.25 lakh every 6 months and get 4 free PVR tickets or 10,000 Reward Points
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| American express membership rewards | Up to 47.88%
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First Year Fee: 1,000
Second year onwards: 4,500 (Annual Membership Renewal fee of Rs 4,500 will be 100% waived off on spending 1.5 lakh and above in previous year, or 50% waived off on spending Rs 90,000 to below 1.5 lakh in the previous year)
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Welcome Gift of 4,000 Bonus Membership Reward Points on payment of first year annual fee and on spending Rs 2,000 within 60 days of card membership
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1 Membership Reward Point can be earned for every Rs 50 spent except for spend on fuel, insurance, utilities, cash transactions and EMI conversion at Point of Sale
1,000 Bonus Membership Rewards Points on using card 4 times for transaction of Rs. 1,000 and above every month 5,000 Membership Reward Points upon First Year Card Renewal (Points to be credited within 90 days of card renewal)
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| RBL titanium delight | 47.88%
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Annual fee (1st Year): Up to 750
Annual fee (2nd Year): 750 (Waived off on spending Rs 1 lakh or more in the previous year)
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2,000 Reward Points on first swipe within 30 days and upon payment of joining fee by the first payment due date
1000 additional Points on the spending of Rs 10,000 within 60 days
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Free movie tickets on Wednesdays
1 reward point can be earned for every Rs 100 spent on all purchases like groceries, travel, dining, and electricity bill
4000 bonus reward points on card purchases of Rs 1.5 lakh and above in a year |
| Standard Chartered Manhattan platinum | 45
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Annual Fee Year 1: 999
Renewal Fee (2nd Year onwards): 999 (Renewal Fee to be reversed on spending Rs 1.20 lakh in a year)
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NA
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5% cash back at supermarkets
3X rewards on all other expenses Cash Backs and Discounts on brands such as Croma, SENCO, Pepperfry, Bigbasket, Myntra, BIBA, Lifestyle, AJIO, Morphy Richard, Bajaj, Samsung, Reliance Digital, Home centre, Kalyan, Lenovo etc.
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Data as of 2nd November 2021