Are you looking for the Best credit cards in India that will meet your demands in 2022? You are in the proper location. We have examined over 100 credit cards from different banks in India and created a list of the best credit cards for 2022 based on customer categories. You can find anything here, whether you’re looking for cash back, lounge access, free food, hotel stays, or business class tickets.
Numerous credit cards are available in India that provide alluring perks, including reward programs, cashbacks, gasoline savings, insurance advantages, travel advantages, etc. You may get the most out of your credit card if you choose it carefully, depending on your lifestyle needs. The top 10 credit cards in India, according to various categories and criteria, are covered in detail below. It will assist you in selecting the ideal credit card to improve your lifestyle and save money.
Nowadays, almost everyone carries a small rectangular plastic piece in their wallet or bag. The Credit Card and the Debit Card are those. Few people had credit cards a few years ago. Nowadays, using a credit card to pay for purchases is commonplace. People frequently possess many cards. It is simple to understand why. The advantages of using a credit card are just too considerable. Additionally, more banks are now offering them, making the procedure simpler and providing a wide range of options to fit every spending style and lifestyle.
What advantages are there to having a credit card?
Well, there are lots of them. A credit card is one of the most practical ways to pay, whether renting a car or going to the movies, buying high-end technology or a stylish fashion piece, shopping locally or online, topping off your phone, or paying a bill.
- Convenience: Why carry large amounts of cash when you can make purchases with a card swipe? One of the easiest ways to pay for anything is with a credit card –show the plastic instead of writing checks or figuring out change! You can even connect your card to your digital wallet so that you may scan barcodes and make payments without ever having to keep your card on you.
- Recurring payments: Although credit cards are fantastic for one-time payments, you can set them up to make regular payments like your phone, power, or gas bills regularly. There won’t be a risk of failing to pay bills on time, getting fined, or having your service cut off.
- Recharges and tickets: One of the main advantages credit cards have over cash is the ability to pay for a wider range of online services. For instance, paying cash on delivery is not an option when purchasing airline tickets or recharging a mobile device. They are readily purchased with a credit card.
- Interest-free credit: A credit card has an interest-free grace period (which may last up to 50 days) between purchase and payment. It is the epitome of paying now and purchasing later.
- Rewards: When you use a credit card to purchase, you accumulate rewards. These benefits can be redeemed for fun presents and coupons like free shopping sprees or flights.
- CashBacks and discounts: Your credit card opens the doors to various Cash Back incentives and Reward Points, especially with chosen offline and online retailers. These offers range from fuel surcharge waivers to fantastic online shopping deals. Merchants.
- Travel in style: Using a credit card gives you free access to upscale airport lounges, priority boarding and check-in, more luggage allowance, and other benefits.
The most beneficial credit card in India
The best way to make the most of credit cards is to select one that complements your spending style and lifestyle. However, choosing just one credit card from all the available choices could be challenging. We’ve compiled a list of the top 10 credit cards available in India from various card issuers, followed by the top credit cards in each category, including rewards, cashback, rewards, travel, and cards with premium features.
Sbi Elite credit card: One of the best premium credit cards with all-around perks is SBI Elite.
Benefits of Sbi Elite credit card
- An e-gift card of Rs. 5000
- A year’s worth of free movie tickets worth 6,000 rupees in the form of coupons worth 250 rupees.
- Upon annual spending of Rs. 3 lakh and Rs. 4 lakh, 10,000 bonus reward points are awarded.
- Purchases made at restaurants, grocery stores, and department stores earn 5X reward points.
- Priority Pass membership is free, including two annual domestic and six international airport lounge visits.
Annual fee– 4999 per annum
Renewal fee– 4999 per annum
Axis Bank Ace Credit Card: The best credit card for new customers is currently available!!
Benefits of Axis Bank Ace Credit Card
- If you’re a beginner searching for a credit card with a high cashback rate and a low annual fee, consider the Axis Bank Ace Credit Card.
- In addition to additional advantages like access to airport lounges and dining discounts, the card offers up to 5% cashback on bill payments and online food delivery.
- The card’s ability to earn rewards with no maximum is its most vital feature.
Renewal Fee: Rs. 499
Annual Fee: Rs. 499
HDFC regalia credit card: When it comes to HDFC credit cards, this is among the best, especially if you seek all-around advantages. It has advantages for shopping and vacation.
Benefits HDFC regalia credit card
- Twelve free trips to domestic airport lounges are offered each year.
- Priority Pass offers self- and add-on members access to up to six international lounge visits annually.
- You receive 4 Reward Points for every Rs. 150 you spend on retail items, including rent, utilities, insurance, and other expenses.
- Earn 10,000 reward points when you spend Rs. 5 lakh on the card, plus an extra 5,000 points when you spend Rs. 8 lakh on things like gift cards, merchandise, gifts, and hotel and travel reservations.
Joining Fee: Rs. 2,500
Renewal Fee: Rs. 2,500
Flipkart Axis Bank Credit Card: The Flipkart Axis Bank Credit Card is among India’s top cashback credit cards. Users will receive 1.5% flat cashback on all other purchases and up to 5% cashback on purchases made on Flipkart, Myntra, and other partner websites. Only the Axis Bank Ace Card, which pays 2% cashback, offers a higher flat cashback rate than this.
Benefits of Flipkart Axis Bank Credit Card
- Receive an Rs. 500 Flipkart coupon when you make your first purchase.
- On your first purchase, Myntra provides a 15% cashback up to Rs. 500.
- By entering the code “AXISFKNEW” during their first transaction, new Swiggy users can receive a 50% discount up to Rs. 100.
- There are four free trips to domestic lounges per year.
- Exemption from the 1% fuel surcharge for transactions between 400 and 4,000 rupees (maximum waiver of Rs. 500 in a month)
- Discounts of up to 20% at more than 4,000 partner restaurants
Joining fees– Rs. 500
Annual fees– Rs. 500
FinBooster: YES Bank – BankBazaar Co-branded Credit Card: There are no joining or yearly fees.
Benefits of FinBooster: YES Bank
- You receive a free subscription to CreditStrong, a report on your credit fitness.
- Earn up to 5X more reward points when you spend money on groceries, clothing, and eating online.
- Get two reward points for Rs.200 swiped for another retail spending.
- There is no 1% fuel surcharge at any gas station.
IndusInd Bank Platinum Aura Edge Visa Credit Card: This credit card is free for life and has no initiation or yearly fees. Points are awarded to the IndusInd Bank Platinum Aura Edge Visa Credit Card for various purchases.
Benefits of IndusInd Bank Platinum Aura Edge Visa Credit Card
- Up to Rs. 2,400 in gasoline savings at gas outlets nationwide
- Loss of baggage (up to Rs. 1 lakh), loss of passport (up to Rs. 50,000), delayed luggage (up to Rs. 25,000), loss of ticket, and missed connection are all covered by travel insurance (up to Rs.25,000 each).
- You can exchange savings points for airline miles.
- Savings on entertainment, shopping, dining, and other areas.
YES Prosperity Edge Credit Card: With the YES Prosperity Edge Credit Card, you may accrue rewards while making purchases and playing rounds at a few Indian golf facilities.
Benefits of YES Prosperity Edge Credit Card
- For every anniversary year in which you spend Rs. 6 lakh or more, you receive 15,000 bonus reward points.
- For every Rs. 200 you spend in categories other than “Select categories,” you’ll earn four reward points (You can check the YES Bank website for more details).
- For every Rs. 200 you spend in certain categories, you’ll receive two reward points (You can check the YES Bank website for more details).
- Play four rounds of golf for free each year at specific nationwide golf facilities.
- You receive one free golf instruction per month at particular golf courses.
Cashback SBI Credit Card: Cashback SBI Card is a relatively new player in the cashback credit card market, but online buyers have taken a shine to it. The card offers a 5% reward on all online purchases, regardless of the retailer. A card like this is an absolute necessity, unlike other shopping credit cards that restrict the rewards to a select few stores or spending categories.
Benefits of Cashback SBI Credit Card
- All online purchases qualify for 5% cashback, with no merchant limits.
- 1% reward on payments for electricity bills and offline purchases
- Cashback is automatically credited to the card within two days of the bill being generated.
- Four free trips to domestic lounges each year
Joining Fee: Nil
Annual Fee: Rs. 999
BPCL SBI Card Octane: On fuel purchases made at BPCL gas stations, the SBI BPCL Octane Credit Card provides a high value back of 7.25%. The card offers additional reward points on purchases of restaurants, groceries, and movie tickets in addition to fuel, and these points can be used for more free fuel. Consider this fuel credit card and take advantage of the all-inclusive features if you favor BPCL gas pumps over other fueling locations.
Benefits BPCL SBI Card Octane
- A bonus of 6,000 reward points as a welcome gift
- A 1% surcharge waiver at all BPCL gas stations
- BPCL Fuel, Lubricants & Bharat Gas offers 25 reward points for every Rs. 100 spent on purchases.
Joining Fee: Rs. 1,499
Annual Fee: Rs. 1,499
Indian Oil Citi Platinum Credit Card: This card compares to the BPCL Octane Card in the co-branded credit card category. For every Rs. 150 paid, up to 4 turbo points are offered. The best feature of this card is that you can use all of your turbo points—1 turbo point equals Re. 1—to get free fuel.
Benefits Indian Oil Citi Platinum Credit Card
- At IndianOil Outlets, there are 4 Turbo Points for every Rs. 150 spent.
- For every Rs. 150 spend on groceries and supermarkets, receive 2 Turbo Points
- Indian Oil service stations waive the 1% fuel surcharge
Joining Fee: Rs. 1,000
Annual Fee: Rs. 1,000
There is no “one size fits all” solution when picking the finest credit card. It would be simpler to choose from a smaller number of possibilities. Asking the appropriate questions will help you determine your financial needs and limit your options.
Which credit card is the finest in India for online shopping?
The Axis Bank Ace, SBI SimplyClick, HDFC Moneyback+, Flipkart Axis Bank, and ICICI Amazon Pay Credit Cards are some of India’s best credit cards for online shopping.
Which credit card offers the best rewards system?
In India, almost all credit cards provide bonus points for every purchase. However, some credit cards include a range of redemption possibilities and larger reward points with specific purchases.
Do all of India’s top credit cards have high annual fees?
Some of India’s top credit cards provide lifelong no-annual-cost options or have modest annual fees. The top credit cards with low annual fees include Citi Cashback, ICICI Amazon Pay, HSBC Platinum, and HDFC Moneyback.
Which bank offers the best credit cards in India?
In India, a few of the most well-known credit card providers are HDFC, SBI Card, ICICI, Amex, Axis, Citibank, Standard Chartered Bank, and Kotak Mahindra Bank. However, the credit card that best suits your demands would be your most excellent choice. We have provided a list of some of India’s top and most well-liked cards to help you with your search.
Which credit card is the best for travel in India?
In India, many banks provide credit cards for travel with perks like free access to airport lounges, airfare, additional rewards, air miles, and more. The Citi PremierMiles Credit Card, HDFC InterMiles Signature Credit Card, Air India SBI Signature Credit, Axis Bank Vistara Credit Card, and RBL Bank World Safari Credit Card are a few of the best credit cards for travel.
Is a credit score crucial when requesting a credit card?
Card issuers may not consider your credit score when approving your card application if you have a pre-approved card offer or a past business relationship with the lender. Still, it is one criterion they consider when examining your credit card application. Additionally, certain entry-level cards don’t require a credit score for an application, so you still have a chance to get approved for one even if your score isn’t 700 or higher, which is regarded as ideal for credit applications.