Everyone needs a unique credit card depending on their financial outlay. The type of credit card depends on your financial needs and specific requirements. Understand all the available options for credit cards in India.
A credit card is a useful financial instrument. There are many credit cards available for selection. Depending on your age, profession and earnings, you can get a credit card that suits your needs. Browsing for the available card options based on specific needs will help you select the best credit card. The use of credit cards is more prevalent among the younger generations as compared to the elderly. The concept of ‘buy now and pay later’ is very attractive to them. Also, the option to redeem credit card points makes them a highly desired financial product today.
Top 10 Credit Cards In India For Every Need
HDFC MoneyBack Credit Card
This card is most suitable if you are a beginner. It helps you save money and build your credit score. The card gives you benefits like cashback and reward points. Thus, you will save money with every rupee spent.
It is among the best credit cards because you get two reward points for every INR 150 that you spend on your card. And if you make a transaction online, you get four points for the same amount. After collecting 2500 points, you can redeem them for air miles or gifts. You can apply for this card if you earn a monthly income of INR 15000 or more.
HDFC Diners Club Black Card
It is the best card if you are looking for a premium option to redeem credit card points. It is perfect for those who frequently spend through their card. It gives you unlimited global lounge access and other competitive bonuses. You can get a card limit of INR 4 lakh. You will get the lowest foreign currency exchange rates on this card at 2%. You get five reward points for every INR 150 spent on the card. Additionally, you also get six complimentary golf games in a quarter. The card is perfect for you if you desire to travel and seek top-quality lifestyle benefits.
IndusInd Bank Pioneer Legacy Card
It is a lifetime free credit card. And it offers the best reward points among all the options available. You get 1 point for every INR 100 spent on weekdays. The same expenditure gives you 2 points on weekends. On this card, you also get anniversary bonuses. Additionally, if you spend INR 6 Lakh in a year, you get 6000 points. There is also a sign-up bonus, and you can avail yourself of exclusive gift vouchers.
SBI Card Prime
This credit card is ideal if you want to make utility bill payments. You will get welcome vouchers and a priority pass for airport lounge visits. Your annual fee is waived if you spend over INR 3 Lakh using this card. It is among the best credit card due to its value for money spent. You get 20 reward points for every INR 100 spent on the card. You can redeem credit card points for lucrative offers.
American Express Platinum Travel Credit Card
It is the best credit card for frequent travellers. It gives you complimentary lounge access and travel vouchers. You get a welcome gift of 10000 reward points. They can be redeemed online in exchange for merchandise and discounts. This card gives you the best travel experience with added benefits and exclusive travel access. You will get 1 reward point for every INR 50 spent. But you will have to pay an annual fee of INR 5000 plus taxes after the first year.
Standard Chartered DigiSmart
This card is highly suitable if you are into online shopping. It gives you up to 25% discount on spendings like clothing, travel, food, groceries, and more. You can even get a discount while shopping on various e-commerce platforms. You do not pay any annual fee while using this card. But it costs INR 49 per month. Though, if you spend over INR 5000, this fee is waived.
SBI Student Plus Advantage Credit Card
This is the best credit card for students who want to manage their expenses. This card is exclusive to those customers who have taken an education loan with SBI. The card can be issued against a fixed deposit. This makes it a secured credit card. You get 2.5% cash back for spending on groceries or other categories. Additionally, you also get attractive cashback for all your international expenses using the SBI Student Card.
Kotak Mahindra Essentia Platinum Card
This card is the best for availing cashback for grocery shopping. With this card, you get a 10% cashback for every retail or grocery expenditure. With this card, you can get many perks and collect reward points. You can redeem credit card points for attractive gifts like movie tickets.
Axis Pride Signature
This credit card is great for NRIs. For the first year, you do not need to pay any fee. Subsequently, an annual fee of INR 500 is levied. But it is waived off if you spend more than INR 40000. You get 4 reward points for every INR 100 spent on your card. Name any category, and this card gives you the highest return value in every category.
ICICI Business Advantage Black Card
This is one of the best business cards out there. Using this card, you get up to 1% cashback on domestic and international expenses. The best part about this card is that the cashback is based on your overall spending. So, the more you spend using this card, the more cashback you receive. Furthermore, you can also avail of cashback while paying bills.
Credit cards as mentioned above are tailor-made for you for a variety of reasons. Depending on your expenditure, choose one that best suits your needs. If you have been looking to redeem credit card points, you know now which option is best. Visit Piramal Finance for the best financial literacy. You can read about the details of these credit cards. Also, you can learn about the various parameters you must consider before getting a credit card for yourself.