Best Credit Card in India 2020

The world has transformed into more of a cashless transaction rather than carrying physical money. And since a couple of years, credit cards have become one of the preferable cards in India. It is hasslefree and easy for everyone to make payments in one go and not worry about carrying cash everywhere. Credit cards come with a lot of benefits with every payment or transaction done by you. Let’s understand the 10 best credit cards in India.

 

Best Credit Cards in India

In a market flooded with credit cards, we have brought you 10 best credit cards in India. So head down below and choose the best for yourself!

 

Citi Cashback Credit Card 

This card comes from Citi Bank which has been providing its services for over a century. They were established in India back in 1902 and have been providing services since then. Now let us look at this cashback credit card in depth.

The special thing about this credit card is that you can avail 5% cashback on movie tickets, utility bills, and telephone bills. On all the transactions made you can get 0.5% cashback. All cashback is auto-credited to the statements, and you will find them in multiples of Rs 500/-

Well, if you did not know how to redeem your points, no need to worry about it! It stays with you forever. There is no expiration. You can avail 20% off on participating restaurants. You will also have the benefit of Rs 3300/- in the first year. There is no pin required for purchase up to Rs 2000/-

Features 

  • They provide the best deals and discounts locally and in 90 other countries
  • Apply for an easy EMI with Citi Cashless Credit Card
  • Apply for a loan and get it approved right away

Fee and Charges

  • The interest rate that they have is 37.20% to 42% per annum
  • The annual fee is Rs 500/-
  • Cash advance fee is 2.5% of the advance amount
  • In case of late payments:

They charge Rs 300/- for the current balance up to Rs 10,000/-

They charge Rs 600/- for current balance up to Rs 10,001/- to 25,000/-

And finally, they charge Rs 900/- for current balance up to Rs 25,000/-

 

Indian Oil Citi Platinum Credit Card

This credit card is again from the CitiBank family. It has its benefits and strives to provide fuel with the turbo points that you earn on every spend that you make using the card. You can redeem your points in the nearest Indian Oil petrol pump.

How does it work? You earn 4 turbo points on every Rs 150/- spent plus 1% fuel surcharge reversal. It doesn’t end here, you can also earn 2 turbo points on every Rs 150/- spent on groceries and supermarkets and you get 1 turbo point on any other spend made from the card.

In the case of turbo points, one turbo point is equal to Re 1/- of free fuel from Indian Oil. You can redeem your points instantly for free and it’s easy with the help of a simple SMS. Ultimately, you will be able to keep on collecting and redeeming your points. You can also benefit from a duty-free shopping feature as you can get 15% cashback with this credit card.

Are you more of a traveler? You can achieve 15% savings on Mumbai and Hyderabad Airports. You will get 50% cashback and 2x rewards on the Easy Diner Prime annual subscription. After 30 days from when the card has been issued, you will get 250 turbo points from your first spend.

Features 

  • You can avail great deals exciting deals locally and in over 90 countries
  • Get an instant loan on card
  • It is easy to apply for EMI
  • You can get 71 liters of free fuel every year

Fee and Charge 

  • Annual fee of Rs 1000/- along with tax waived off on expenses of Rs 30,000 or more
  • Its annual percent rate (APR) is 39% per annum
  • 2.5% charged on amount withdrawn from the ATM
  • Late Payments Charges as follows:

No charges if the amount is up to Rs 1000/-

Rs 450/- is charged on the amount up to Rs 5000/-

Rs 700/- is charged on the amount up to Rs 10,000/-

Rs 900/- is charged on the amount above Rs 10,000/-

 

HDFC Diners Club Credit Card 

HDFC has been serving the country since 1994. This private sector bank has been able to boost the confidence of the people of the country. This bank has been spreading across the nation with the motive to provide a more satisfying service. They offer a wide range of financial services to their customers and also the best customer service.

When you issue the HDFC Diners Club credit card, they provide you privileges that can facilitate your welcome on completing your first transaction. They provide complimentary membership from Club Marriott, Forbes Digital Subscription, Zomato Gold, Amazon Prime, Make My Trip Double Black, Time Prime, and many other exciting gifts!

Once you complete your monthly spending to Rs 80,000, you will avail 2 vouchers of Rs 500 each which you can choose from Ola select member, BookMyShow, or Tata Cliq. The benefits don’t just end here, once you achieve your annual milestone of 8 lakhs at the time of card anniversary you will also avail membership from partners.

On every transaction of a minimum of Rs 150, you will end up earning 5 points. On spending at the selected partners, you will be rewarded with 10x points. And when it comes to weekend dinner expenditure, you will be earning 2x points.

You can redeem points for hotel and airline booking. Not only that! You can also redeem points of AirMiles across British Airways Executive Club and Jet Airways. Also, get a low foreign currency mark up of 1.99% on all foreign currency spends.

Features 

  • Exclusive discount at the leading spas, salons, and gyms
  • Complimentary golf games 6 per quarter across the finest courses in the world
  • Unlimited airport lounge access to 700+ in India and internationally

Fee and Charge 

  • Insurance coverage for air accident is 2 Cr, for a medical emergency is up to 50 lakhs and for missing baggage or delay it’s up to Rs 55,000
  • Interest rate is 1.99%
  • Credit liability cover is 9 lakhs
  • Annual and renewal fee is 10,000 + tax

But in case your spend is 5 lakh a year, the renewal is free

  • Cash advance fee is 2.5% with a minimum Rs 300/-

 

HDFC Regalia Credit Card 

Since 1994, HDFC has been serving the country with great success. It is a private sector bank that has gained trust in people of the country. This bank has spread across the nation to provide a more satisfying service. They offer a wide range of financial services to their clients and strive to provide the best customer service.

Like every other card or bank, they provide a welcome benefit for you. For all the tastebuds enthusiasts out there you get a chance to avail Zomato gold membership for a year along with a complimentary dish or drinks with partner restaurants. You can get complimentary membership once you have spent worth Rs 75,000/- within the first 3 months.

To all the travelers out there who wish to get going for a mini-vacation or a business trip, here is your adrenaline. They provide 12 complimentary access in India (both domestic and international airports) to avail the access you need to pay for which Visa charges are Rs 2 and for MasterCard is debited with Rs 25 for authorization purpose but it will be reversed back.

Once you have made 4 retail transactions the doors for an international airport lounge open and you can apply to be a part of that luxury. Using priority pass along with your add on members you can avail up to 6 complimentary access per year internationally. You can redeem up to 70% of the booking value with your reward points and the rest you will have to pay with a credit card. You can utilize points on air tickets and hotels. The value of one point is equal to 50 paise.

Features 

  • You can earn 4 points on Rs 150/- on all the spending on rent, education, utilities, and insurance
  • Earn 10,000 points on the spending of Rs 5 lakh
  • Earn additional 5000 points on the spend of Rs 8 lakh
  • 1% fuel surcharge waiver on the transaction between Rs 400 and Rs 5000

Fee and Charge 

  • Accidental air death cover is 1 Cr
  • Emergency overseas hospitalization cover up to Rs 15 lakhs
  • Credit liability cover up to Rs 9 lakhs
  • First-year fee and renewal fee is Rs 2500/-
  • In case you spend 3 lakhs in a year, the renewal is free

 

SBI Elite Credit Card

SBI is India’s one of the multinational public sector banking and financial services. It is a government sector bank that has been serving us since 1806. The State Bank of India has been widespread in every city nationally so that it can serve its customers better.

Like every other credit card it welcomes you with a lot of benefits which starts from providing e-vouchers from pantaloon, shoppers stop, hush puppies\ Bata. You need to choose the e-voucher within 15 days of annual fee payment.

Making shopping more exciting and fun you can redeem the code provided to you via SMS from Yatra and Shoppers Stop at the time of purchase. Aditya Birla retail voucher can be redeemed at the following stores which are Louis Philippe, Van Heusen, Peter England, Planet Fashion, Allen Solly and Simon Carter.

To all the movie fans out there SBI Elite gives you free movie tickets worth Rs.6000\year. The transaction is valid for two tickets per month and the maximum discount you can avail is Rs. 250 per ticket.

The travelers need not worry as they provide complimentary membership of worth $99 for priority pass program. Six complimentary airport lounge visits per year domestically and internationally, it provides you access to 1000 airport lounges all across the world. You can have the privilege of enjoying two complimentary domestic airport lounges per quarter.

You can earn 9 club Vistara points on every spend of Rs 100. Earn 1 complimentary lounge access voucher and you can get one upgrade voucher. Attain complementary silver membership of club Vistara.

SBI Elite has over 24 million outlets across the globe which makes it accepted globally. You get 1%surcharge waived on every transaction between Rs.500 to Rs.4000. You can achieve a maximum surcharge waiver of Rs.250 on every statement.

Features 

  • Earn up to 50,000 points that are worth Rs 12,500/year approx
  • Earn 10,000 points bonus on the annual spending of 3 lakhs to 4 lakhs
  • Benefit across 900 hotels across the world
  • Attain the benefits of the lowest foreign currency mark up charge of 1.99% on international usage.

Fee and Charge 

  • 5x points on dining, grocery and departmental store
  • Earn 2 reward points on spending Rs 100 but it does not apply to fuel
  • You can earn two reward points spent on international transactions.
  • Fraud liability cover of 1 Lac
  • Annual fee and renewal fee is Rs.4999
  • The interest-free credit period is 20-50 days
  • Finance charges 3.35% per month
  • Cash advance limit is maximum 15000 per day
  • Late payment

Rs.100 for an amount up to Rs.500

Rs.400 for an amount up to Rs.1000

Rs.600 for amount upto Rs.10,000

Rs.800 for amount upto Rs.25,000

Rs.950 for an amount greater than Rs.25,000

 

SBI Simply Click Credit Card 

SBI is India’s multinational public sector banking and financial services. It is a government sector that has been serving us since 1806. The State Bank of India has been widespread in every city nationally so that it can serve its customers better.

Avail gift cards worth Rs.500 for amazon.in as online shopping has become the new trend it keeps your e-shopping in mind and provides you 10x reward points on shopping with amazon, BookMyShow, Clear Trip, Lenskart, NetMeds and UrbanClap as these are exclusive partners.

While you shop at other online stores you can earn 5x reward points. You can earn 1 reward point on every Rs.100 spent. A Rs.100 cashback for the first time users of BookMyShow. You can avail of a 1% fuel surcharge waiver for each transaction between Rs.500 and Rs.3000.There are over 24 million outlets all over the globe which makes it accepted worldwide.

Features 

  • You can withdraw cash over 1 million across the globe
  • It is easy to apply for EMI and save as well
  •  avail 1% fuel surcharge waiver
  • Accepted Globally

Fee and Charge 

  • Annual and renewal fee is Rs.499
  • Renewal fee gets reversed if your annual spending is 1 lakh
  • The interest-free credit period is 20-50 days
  • Finance charges 3.35% per month
  • Cash advance limit is maximum Rs.12000 per day
  • 2.5% is charged for withdrawal from SBI or other domestic and international ATMs
  • Late payment

Rs.100 for an amount up to Rs.500

Rs.400 for an amount up to Rs.1000

Rs.600 for amount upto Rs.10,000

Rs.800 for amount upto Rs.25,000

Rs.950 for an amount greater than Rs.25,000

 

Axis Bank Neo Card 

Axis bank is the third-largest bank in India.It has 4050 domestic branches across the country and is spread over 11 international offices across the globe. It started functioning in 1994. Providing financial services from insurance to savings has a lot of customers across the country among which it has successfully built trust. They strive to provide good customer service as it is the largest private sector bank.

Once you avail access to a neo credit card you are benefited with gift vouchers from Amazon, BookMyShow and Myntra.Get benefited with a discount of 15% with partner restaurants across India. You can get 10% on movies recharge and online shopping. Vouchers worth Rs.300 and Rs.500 for movies and online shopping.

Features 

  • Voucher of Rs.250 for Amazon on your first spent.
  • 10% of movies recharge and online shopping.
  • Vouchers worth Rs.300 and Rs.500 for movies and online shopping.
  • You can convert purchases to EMI on transactions of Rs.2500.
  • Get benefited with a discount of 15% with partner restaurants across India.

Fee and Charge 

  • Joining an annual fee is Rs.250. If you spent Rs.2500 in 45 days the joining fee is waived.
  • Cash payment fee is Rs.100
  • Finance charges for retail purchases and cash are 49.36% per annum
  • Late payment fee

Nil if the total payment is up to Rs.100

Rs.100 if the payment is between Rs.101 to Rs 300

Rs 300 if the payment is between Rs.301 to Rs.1000

Rs.500 if the payment is between Rs.1001 to Rs.5000

Rs.600 if the payment is between Rs.5001 to Rs.10000

Rs.700 if the payment is above Rs.10001

 

IndusInd Bank Platinum Card

Induslnd bank is one of the most reputed banks in India, it has more than 1000 branches across the country. The Bank was founded in the year 1994. It has the vision to provide a relevant business and banking partner to its client. They’re very customer responsive towards their clients hence provide solutions for their banking needs.

This platinum credit card gives you world-class privileges on your dining, shopping. It provides you with the exclusive lifestyle that you deserve. As a welcome to the platinum credit card, you get great deals and discounts on your favorite restaurants. With the privilege of instant table booking so that you can have a convenient dining experience.

They were the first to provide e booking of tables of your favorite restaurant and make a reservation in 30 seconds. It offers table reservations in the top 2000 restaurants in 9 cities in India. You can use the voucher that can help you have the easy diner. The voucher can be converted into a gift card if required.

Choose an exquisite collection of Montblanc which includes watches, jewelry, writing instruments, leather goods, and eyewear. Get access to more than 30 global luxury and premium brands. Take benefits from brands like Bata, Veromoda, Aldo, William Penn, Titan, Pantaloons, Hidesign, Woodland, United Colors of Benetton, Yatra, Charles and Keith, Lewis Philippe, Hush Puppies, and Urban Ladder.

Enjoy complimentary golf games and lessons posted in Ahmedabad, Bangalore, Chennai, Delhi NCR, Hyderabad, Pune, Mumbai. Avail buy one get one free movie ticket from BookMyShow the cardholder can avail two tickets per month. The price of the free ticket should be Rs.200.

Get access to over 600 Vip Airport lounge across the globe with a priority pass program. Lounge usage can be a maximum of 8 visits per year of the value of $27.You can avail of services from the concierge for pre-trip assistance, hotel reservation, flight booking, sports, and entertainment booking exclusive booking and flowers and gifts.

You can avail roadside assistance for the following services: Roadside repair service, emergency fuel supply up to 5 liters, flat tyre service, lost keys, battery service, emergency towing assistance, accident management, and medical assistance.

Features 

  • Avail buy one get one free movie ticket from BookMyShow
  • Reservation in the top 2000 restaurants in 9 cities in India.
  • Enjoy complimentary golf games and lessons
  • Save Rs 960 a year on fuel
  • Avail roadside services and assistance
  • You earn 1.5 reward points for every Rs 150 spent

Fee and Charge 

  • The enrollment fee for lounge usage is Rs.5000 per annum.
  • Insurance cover for lost baggage is Rs.1 lakh

For delayed baggage Rs.25,000

For lost passport Rs.50,000

For lost tickets and missed connections Rs.25,000

Air accident cover up to 25 lakhs

 

Standard Chartered Manhattan Platinum Credit Card 

Standard Chartered Bank is India’s leading international bank. This bank was founded in 1858 hence it has been serving India for over 160 years. We believe in keeping their customers and clients in priority and provide them with a wide range of products and services so that their customers can meet the individual or business needs.

Get vouchers worth Rs.2000 on BookMyShow for the first transaction for the first 90 days of your Manhattan platinum credit card. Get 5% cashback and 3x reward points whenever you spend. Enjoy offers and discounts on dining, shopping, travel and many more. Receive 10% off midweek green fees and golf lessons. Get 15% off at Freedom tree. To all those who love gold get 20% off on gold making charges and Rs.3000 off on diamond jewelry.

They care about you hence they provide 15% off on Apollo Pharmacy and 10% off on Gleneagles Hospitals. Up to 10% off at Fortis Hospital. You can avail of a 10% discount on voltas home appliances. You can get a maximum cashback of Rs.3000.Get up to 25% off on inox. You can share offers and benefits with your family and enjoy 5% cashback on Croma. Avail Rs.200 on Grofers with a minimum purchase of Rs.2000.

In this era of digital payment, you can relax with payment solutions like Bharat QR, Bharat bill payment solutions and Samsung pay. It’s easy to sign in for online banking. You can use this to access up to date information on your account and term deposit. You can transfer funds easily and request for demand drafts to be issued. Easily convert your credit card spends into the EMI option on online shopping. You can avail of an instant loan for emergencies or situations where you need an instant loan.

Avail 3x reward points on every spending and cashback on Reliance Fresh, Big Bazaar, etc

Features 

  • Get 15% off at Freedom tree.
  • Receive 10% off midweek green fees and golf lessons.
  • Get 5% cashback on shopping
  • Get vouchers worth Rs.2000 on BookMyShow
  • 15% off on Apollo Pharmacy
  • Up to 10% off on Fortis Hospital

Fee and Charge 

  • The annual fee is Rs.999
  • Cash transaction interest rate is 44.88% APR
  • Cash withdrawal is 3% on minimum Rs.300
  • Late payment

Nil for balance less than or equal to Rs.100

Rs.100 for balance between Rs.101 and Rs.500

Rs.500 for balance between Rs.501 and Rs.5000

Rs.700 for balance between Rs.5001 and Rs.15000

Rs.800 for balance between Rs.15000

 

ICICI Instant Platinum Credit Card 

ICICI Bank is one of the leading private sector banks in India. It has a wide network of 5275 branches across India. It was established in 1994. They believed in providing a wide range of banking products and financial services. They are engaged in human and economical development at the national level.

ICICI instant platinum credit card is perfect for self-employed people, homemakers or a student. It offers you the credit card based on a fixed deposit without any financial documents. This credit card offers you a 15% discount at around 800 restaurants in India. If you love watching movies you get Rs.100 off if you buy tickets using this card.

Having this credit card you are empowered by earning payback points on your transactions. This is India’s largest reward program that you can find at your expense. You can earn additional

Payback points with partner brands. There are various ways you can redeem your points. You can either redeem it on movie travel vouchers to lifestyle products, mobile appliances and many more. This card makes you believe that shopping is rewarding.

Features 

  • Earn two payback points on every Rs.100 transaction except few
  • It has India’s largest multi-partner coalition loyalty program
  • One payback point on every Rs.100 spent on utility and insurance

Fee and Charge 

  • Joining fee – nil
  • Annual and supplementary fee – nil
  • Overdue interest and cash advance is 3.40% per month

 

How to Buy Best Credit Card 

The market has been flooding with various credit card options with a lot of facilities and benefits that you can avail as you use these credit cards. Some are appropriate for travel, some are appropriate for your fuel. While choosing a credit card you just need to take your needs in priority as that’s what the card is all about.

Each card is focused on one sector availing your overall benefits as you shop from the card so that you can enjoy shopping and saving at the same time. They help you save a lot of time as you don’t have to carry a lot of cash with you and be all worried about your cash.

You can have a better and clear opportunity to build credit. These credit cards also protect you from fraud and theft. They are universally accepted. Credit cards are a form of loan that you take and you pay later. Some credit cards come with insurance benefits as well. All you need to know is the purpose of your card and if you can match your spending with the card limits it is the perfect card for you. You can always exceed the limit of your card as the ten best credit cards are listed above all you need to do is simply compare and see which credit card fits your needs and priorities.

You should consider the rate of interest, credit limit, fee and charges, rewards and incentives before choosing a credit card. There are a lot of credit cards with zero annual fees so if you don’t want to spend extra you can always opt for such credit cards. Some credit cards don’t charge renewal fees if you spend a certain amount of fee through that credit card.

Various credit cards help you save even though you are spending using those credit cards. These credit cards help in various discounts, cash backs, yearly subscriptions and so on. So that you can get value for money.

If you are at least 18 years old with a minimum salary between Rs.1 lac and Rs.3 lac per annum. You can either be a self-employed or employee you can very well apply for a credit card. Your credit score should be around 750 to 900 so that your chances to get a credit card and chances of loan can increase. You should not be under any existing debt as that may affect your

Application for a credit card. All you need is an application form, passport photograph, id proof, resident proof, latest salary slip and other documents required by the bank. So if you are an eager soul to get a credit card here’s all that you need.

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