10 Best Credit Cards in India 2019
- Enjoy cash back benefits offered by Citi Cashback Credit Card at minimal joining and renewal fee
- Built-in contactless technology that enables fast and secure transactions at POS terminals.
- 5% cashback on movie ticket bookings made using the credit card
- 5% cashback on all telephone bill payments
- 5% cashback on all utility bill payments made through Citibank online Bill Pay facility
- 15% off on dining bills at participating outlets.
- Accrued reward points will be automatically adjusted against the credit card statement in multiples of Rs.500.
- Get 1,000 reward points as welcome gift.
- Enjoy annual fee waiver by spending Rs.1 lakh or more in the previous year.
- Earn 4 reward points for every Rs.150 spent.
- Up to 6 free lounge visits per year to more than 700 lounges worldwide.
- 15% discount and other benefits at leading restaurants across India.
- Concierge services to assist travel needs.
- Redeem reward points for flight ticket or hotel bookings.
- Get your joining fee of Rs.1,000 reversed by spending Rs.30,000 in 1st year on the credit card.
- Get renewal fee waiver by spending Rs.30,000 every year.
- Enjoy a fuel surcharge waiver of 1% at authorised Indian Oil outlets.
- Redeem reward points and get up to 71 litres of free fuel annually.
- Discount of up to 15% at participating restaurants in the country.
- Enjoy privileges including EMI options and contactless feature.
- Pay no joining fee when you apply for the credit card through BankBazaar.com
- Enjoy the benefits offered by the card free for life with the no annual fee feature.
- Welcome gifts include gift vouchers from various global brands.
- Free access to popular golf clubs, complimentary golf games and lessons hosted at leading golf clubs.
- Complimentary membership to airport Priority Pass.
- Avail up to two free movie tickets per month.
- Pay no joining fee when you apply for the credit card through BankBazaar.com
- With zero annual fee, enjoy the benefits free offered by the credit card for life time.
- Welcomes on board with free gift vouchers from top brands.
- Dedicated concierge service for pre-trip assistance, exclusive booking, hotel reservation etc.
- Complimentary membership to airport Priority Pass Program.
- 'Total Protect' plan that covers unauthorised transactions and counterfeit fraud in case of lost or stolen credit card.
- Pay no joining fee on the Citi Rewards Credit Card
- Enjoy annual fee waiver when the spends in a membership year exceed Rs.30,000.
- Get 1,500 bonus reward points as welcome gift.
- 10 reward points for every Rs.150 spent using the credit card at departmental stores and on apparel purchases.
- Enjoy 300 bonus reward points on monthly spends of Rs.30,000 or more.
- Redeem reward points for fuel purchase, air miles, gift vouchers and cash against card outstanding.
- Pay no joining fee for the Kotak PVR Gold Credit Card.
- Get 1 free PVR movie voucher on your first swipe.
- Get up to 2 free PVR movie tickets on monthly spends of Rs.15,000 or above.
- Fraud coverage worth Rs.50,000 on lost or stolen card.
- Add-on cards for immediate family members with all the benefits of the primary card.
- Set limits on the add-on cards as required.
- Minimal joining fee of Rs.500 and a renewal fee of just Rs.250.
- Welcome gift for the card includes a BookMyShow voucher worth Rs.300.
- For every Rs.200 that you spend on the card, you get 2 reward points.
- Enjoy a minimum discount of 15% at premium partner restaurants in the country.
- Enjoy 10% off on bookings on partner sites like BookMyShow, redBus, Myntra, etc.
- Apply online for this special credit card that has no joining or annual fee.
- 3 times more reward points on categories like telecom, hotels, and dining for the first 12 months.
- 2 reward points on every Rs.150 spent and a chance to earn up to 5 times more reward points.
- Spend Rs.10,000 with the card within 90 days of its issuance and enjoy 10% cashback.
- Spend Rs.50,000 in a month and earn a BookMyShow voucher worth Rs.500.
- Get discounts of up to 15% at over 1,000 participating restaurants.
Different Types of Credit Cards in India
Know All About Credit Cards
Apply for a Credit Card
Gone are the days where you had to trudge to the bank to apply for a credit card. Today, applying for one is extremely simple. All you need is an internet connection. If you have that, you can apply for a credit card online.
Credit Card - Apply Online
Applying for a credit card online is as easy as booking a movie ticket online. Here are the steps:
- Visit the bank's website.
- Take a look at the credit cards offered by the bank.
- If the bank has a comparison tool, use it to see how each card compares to the other.
- Select the credit card that is the right one for you and hit the 'Apply' button.
- Fill in the required details and upload all necessary documents.
- Submit your form.
And that's it. It really is that simple.
Note: Each bank may have a different application procedure. Visit the bank's website for more details regarding how to apply for their credit card online.
How To Apply For Credit Card On Bankbazaar?
If you wish to apply for a credit card on BankBazaar, below are the simple steps that would guide your through the online application process.
- Visit Bankbazaar Credit Card Section
- Click on the "credit card" you wish to procure.
- Click on the "Check Eligibility" button.
- Click on "Instant Apply"button to apply for the card
- Fill the "Credit Card Online Application Form" with required details.
- Upload the documents, as prompted by the tool.
- click on "Submit".
On successful submission of the application and the required documents, you will receive an "Application ID" on your registered mobile number. You can use it to Track your credit card application status in the later stage.
Benefits Of Applying For Credit Card On Bankbazaar
BankBazaar offers end-to-end application process, wherein you can browse through most of the credit cards offered by various banks, compare and apply for the best credit card in just a few clicks.
Let's look at the perks that we offer for applying for a credit card through us.
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Robust comparison tool: Before availing a credit card, it is always advisable to compare various cards to find the best. But the process of comparing is not that easy, and a lot of people tend to avoid it, ending up with a wrong card. To solve this problem, BankBazaar introduced a platform where people can compare credit cards offered by different banks online at one place. This not only helps them in making an informed decision but also in getting the best credit card available in India.
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We simplify the application process: With our end-to-end paperless online application process, we have simplified the entire application process in a few simple steps. You don't have to visit the bank branch nor have to meet any bank representative to apply for a credit card. Simply, visit our website, compare various credit cards, choose one and apply for the same without leaving the comfort of home.
A Guide to Credit Cards
Although most of us are quite familiar with credit cards and use them on a regular basis, there're many aspects of the cards, most of which are quite basic, about which we are quite ignorant about. This section discusses all such things every credit card user must know.
Why is a Credit Card Important?
- To manage your short-term financial needs - your salary won't be sufficient always.
- To enjoy interest-free credit - You pay interest on a credit card only when the due amount is not repaid on time.
- Ease of use - Ready cash for sudden expenses.
- And the perks that come along - Reward points, discounts,cash-backs, offers air miles and lot more.
Why Do you Need a Cashback Credit Card
Don't have a cashback Credit Card in your wallet ? Here are the reasons why you need at least one. Or are you frantically hunting for a good cashback card ? Go ahead...
Reason #1
You can save up to 10% on your regular expenses including phone bills and groceries. Pile it on.
Reason #2
You can get free movie tickets by swiping your cashback card regularly. More spending translates to more movies.
Reason #3
Get up to Rs. 10,000 off on hotel bookings. Costless travel? You bet!
Reason #4
Most cashback cards provide free joining reward points. More points = more goodies. Need we say more?
Go on, explore our myriad cashback cards and take home the one you love.
So, how do you go about finding a credit card that is just right for you? Here's a handy list:
- Your spending pattern: Do you spend more on groceries each month and less on dining? Then get a card that rewards your grocery spends. If a major portion of your income goes towards online transactions, get a card that rewards those transactions.
- The reward type: Credit cards offer rewards in terms of cashback (which you can use to offset your bill), rewards points (which can be used to redeem lifestyle, travel, retail, and dining vouchers), and air miles (which can be transferred to your preferred airline's frequent flyer programme and help fund the tickets for your next holiday).
- Fees and charges: Compare the interest rate on different cards and the fees and charges apply. Look for a card whose joining fee and the annual fee you can afford. Also, see if there are any hidden charges.
- Offers on the card: Some cards have great offers and discounts when you use the card to shop on a particular website or when you use it at a particular store. Some offer great dining discounts and others are better suited for travel. Make sure you go through the offers available on the card before making your decision.
- Welcome bonus or gift: To get you to apply for their card, banks offer welcome gifts and bonuses. This could be the latest gadget or bonus points and miles. If you are looking to earn rewards at an accelerated pace, look for a card that offers a considerably large welcome bonus.
- Payment options: Most cards will allow you to make payments via multiple channels. In general, if you tend to forget to make payments by the due date, you should consider having your credit card payments automatically debited from your account.
If you keep these points in mind, getting the right credit card shouldn't be too much of a problem.
When you don’t pay the total outstanding amount on a credit card by the due date, you’re automatically opting for the revolving credit facility. This means the borrowed amount which is not repaid on time attracts interest or finance charge.
The interest charge is also applicable when you pay only the minimum amount due or anything less than the total amount due.
Further, cash withdrawals attract interest from the date of the transaction till the amount is repaid in full.
The interest rate is charged at a monthly percentage rate or an annual percentage rate (APR) and varies from card to card. The issuer will communicate the rate of interest at the time of card issuance.
Interest rates charged by top banks are listed below.
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State Bank of India
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Up to 3.35% per month
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HDFC Bank
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1.99% to 3.49% per month
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American Express Credit Card
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1.99% to 3.5% per month
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IndusInd Bank
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3.83% per month
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Citibank
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3.10% to 3.50% per month
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Axis Bank
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2.50% to 3.25% per month
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Kotak Mahindra Bank
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2.49% to 3.50% per month
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HSBC Bank
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1.99% to 3.30% per month
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ICICI Bank
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2.49% to 3.50% per month
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When managed properly, a credit card acts as an interest-free credit line. This means you don’t have to pay any interest if the borrowed amount is repaid in the stipulated time.
The period between a transaction date and the credit card bill payment due date is called the ‘Interest-Free Period’.
If you pay the transaction amount on or before the due date, you don’t have to pay any interest, hence the in-between period is termed as Interest-free period or grace period.
The grace period varies for each credit card transaction and the typical period ranges from 30 to 45 days. Transactions carried out at the beginning of your credit card billing cycle would provide you with a longer grace-period.
However, the grace period is not applicable if the previous month's due has not been paid in full.
Also, cash withdrawals using a credit card are not eligible for grace period. Interest on such transactions would be levied from the withdrawal date itself.
The interest-free period offered by top banks is as follows
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State Bank of India
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20 to 50 days
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HDFC Bank
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Up to 50 days
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American Express Credit Card
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Up to 48 days
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IndusInd Bank
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Up to 50 days
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Citibank
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Up to 50 days
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Axis Bank
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20 to 50 days
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Kotak Mahindra Bank
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Up to 48 days
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HSBC Bank
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Up to 52 days
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ICICI Bank
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18 to 48 days
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Credit card statement (or credit card bill) is generated every 30/31 days. The bill generation date depends on the date on which the credit card is first issued, and the same date will be followed for the subsequent months.
Besides the bill amount which is also called the outstanding amount on the card, the statement also provides a detailed history of all the transactions conducted during the billing period.
It also reflects the total credit limit, available credit limit, cash limit, due date and other related information.
The statement is typically mailed to the cardholder’s registered e-mail every month. However, if the total outstanding balance is less than a certain cut-off, say Rs.200, no statement will be generated.
Your credit card comes with a pre-assigned credit limit. This limit is the total amount you can charge to your card. For example, if your credit card provider says that the credit limit on your card is Rs.25,000, it means that you can make transactions up to a total of Rs.25,000 using your card.
Each time you swipe your card, the amount is deducted from the total credit limit and each time you pay your bill, your credit limit increases by that amount.
Here's what affects your credit limit:
Income: Your monthly or annual income will be taken into consideration while determining your credit card limit. Based on the type of credit card you apply for, the income requirement will differ.
Type of card: Premium cards tend to come with a higher credit limit when compared to entry-level cards.
Debt-to-income ratio: This ratio compares the total amount of debt you currently have to your total income. The higher the ratio, the more debt you currently have, lower the credit limit, and vice versa.
Limit on other cards: If you already own a credit card, the credit limit on your new card may be the same amount.
Credit history: Good credit history means you are financially responsible. As such, the credit limit on your card will be higher when compared to those with poor credit history.
Credit card EMI is one of the useful features offered on credit cards. There are various options to use the EMI facility.
- Opt for EMI while transacting
- Convert to EMI after the transaction
Credit cardholders with the first option can convert their purchases instantly into EMI while carrying out a transaction. However, the product/service or the retailer should have partnered with the card issuer.
The second option allows the users to convert any of the transactions or the total outstanding on the card into easy monthly installments (EMI).
However, the request for conversion should be made within a specific period from the date of the transaction, say 20-30 days.
While availing the facility, cardholders have the option to choose the repayment period which typically ranges from 3 to 24 months.
Some issuers offer 0% interest while the others charge a low or normal interest rate. Furthermore, a processing fee of 1-2% of the converted amount may also be levied.
Once you opt for the facility, you need to repay the EMI amount every month. The associated principal amount and the interest charge, if applicable, will be added to the minimum amount due on the card.
Banks offer amazing features on their credit cards. These features vary depending on the card provider and the type of credit card that people purchase. Some of them are as follows:
Reward Points Program: Most credit cards offer a reward points program, which allows cardholders to earn reward points on every transaction they make using their cards. A few exceptions to it is that fuel transactions, insurance payments, gold or gold jewellery purchases, utility bill payments, cash and EMI transactions are typically not eligible for reward points.
The accrued reward points can be redeemed for various options offered in exclusive rewards catalogues provided by the issuers. However, card members need to earn minimum reward points before going for redemption.
Airport Lounge Access: Complimentary airport lounge access and membership to Priority Pass Program are one of the most common features offered on most credit cards. Though you may not find the features on a basic credit card, most next to basic credit card offers complimentary lounge access with a limited number of visits per year, free membership to airport priority pass programs and others. With such a feature on credit card, members can enjoy free lounge visits to both domestic and international airports.
Fuel Surcharge Waiver: Another common aspect offered on most credit cards is the fuel surcharge waiver facility that waives off the 1% surcharge that is typically charged on all card transactions conducted at petrol stations.
Insurance Coverage: While some premier cards provide a comprehensive insurance policy that provides coverage against air accident, life, lost baggage, lost card, outstanding, etc. On other cards, the cover is limited to a few aspects.
Global Acceptance: Today, most credit cards that are issued in India are international cards and are accepted by various merchants all over the world.
Balance Transfer: Credit cardholders can transfer the outstanding balance of their existing cards issued by one bank to the credit card account of another bank. Doing so helps them in saving money and repaying the amount at a low rate of interest. Banks offer various balance transfer options to their cardholders allowing them to repay the amount on a monthly basis within a tenure of their choice.
EMI Conversion: The feature allows the credit card members to convert their credit card transaction into easy monthly instalments (EMI). They can either choose to convert the total outstanding on their card into EMI, a specific transaction, especially big-ticket purchases into EMI and can also convert merchant transactions into EMI.Generally, these plans have very attractive interest rates and different repayment tenures. The EMI conversion will be done with no other documentation and most of the times instant.
Lifestyle Benefits: By partnering with various merchants, credit card issuers provide attractive discounts and offers on various lifestyle categories including dining, shopping, travel, wellness, entertainment, etc.
Travel Benefits: Frequent travellers can make the best use of the travel credit cards that provide travel-related benefits to the cardholders. Some of the common benefits offered on travel credit cards include air miles accrual and redemption for air tickets, free travel insurance, discount offers on domestic and international flights, complimentary lounge visits, discounts on hotel booking, and concierge services.
Benefits of a Credit Card
Welcome Gift – Many banks offer a welcome gift to new credit card applicants once the card is issued to them. This gift can be in the form of bonus points, gift vouchers, discounts, etc. The welcome gift differs depending on the card and the bank.
Rewards Program – All credit cards generally have a reward program, which allows cardholders to earn reward points on every transaction they make using their cards. The amount of points that cardholders can earn per transaction is fixed and differs from card to card. The points that card members collect can be redeemed for various gifts that are listed in the rewards catalogue of the cards. These gifts can be discounts, product, services, cashback offers, etc. Some credit cards allow card members to redeem their points against air miles and cash as well.
Fuel Surcharge Waiver – Many banks offer fuel surcharge waiver to credit cardholders when they spend specific amount of money on fuel every month. This offer is available on fuel transactions made at all Indian petrol bunks.
Cashback Benefits – There are certain credit cards that offer cashback benefits to the customers. The amount of cashback that will be offered depends on the provider.
Lifestyle Benefits – Cardholders can enjoy various lifestyle benefits on their credit cards. Lifestyle benefits include dining, shopping, golf, wellness, entertainment, etc. privileges.
Travel Benefits – This is one of the major reasons for credit cards being so popular among people. There are some credit cards that offer amazing travel benefits to the customers. Travel benefits include air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc.
Airport Lounge Access – Some credit cards offer complimentary airport lounge access to the cardholders. The offer varies from one bank to another. Some banks put a limit on the number of visits, while some others allow access only to Indian airport lounges.
Exclusive Privileges from Visa/American Express/MasterCard – Visa, MasterCard and American Express are three popular and recognized credit card variants. Depending on the variant of your card, you can enjoy exclusive lifestyle, travel, etc. offers from MasterCard/Visa/American Express.
Add-on Cards – Many banks allow their credit cardholders to apply for add-on cards for their immediate family members. Most card issuers offer add-on cards for free, but some of them limit the amount of add-on cards that one can apply for. Cardholders can enjoy all the privileges of their primary cards on their add-on cards.
Air Miles – Certain credit cards such as travel or Airline cards offer Air Miles to their customers. These miles can be JPMiles, Air India Air Miles, etc. Cardholders can collect these miles and redeem them to avail flight tickets and other travel benefits.
Different Types of Credit Cards Offered by Bankbazaar
Not everyone needs a same credit card. While some consider it as a line of credit, a few consider it as an instrument to track their expenses and for some others it's a way to get best deals on every purchase.
Today's customer-centric market has thus come with a solution for all - A credit card for every need. The partnership between card issuers and retailers made the categorization even simpler. From shopping to travel to dining to rewards, there are cards for each category.
Make Life Easier with Lifestyle Credit Cards
A lifestyle credit card is an "All-in-one" credit card that provides privileges across categories. From shopping to travel, rewards to cashback, entertainment to dining, you can enjoy special offers and discounts on most of them.
The Lifestyle Credit Cards typically come with a high annual fee and joining fee, which of course, is worth spending for the privileges offered by the cards. Some Lifestyle Credit Cards also have low or no annual fee and are designed for low-income group individuals.
HDFC Bank Regalia Credit Card
- Joining fee - Rs.0, if you apply on Bankbazaar.com or Rs.2,500.
- Annual fee - Rs.2,500 (Waived if the total spends exceed Rs.3 lakh)
- Welcomes on board with 2,500 reward points.
- Complimentary Priority Pass Membership providing access to more than 700 airport lounges.
- 15% discount on dining spends at premium restaurants across India.
- 24X7 concierge assistance for travel and entertainment bookings.
- 12 free lounge visits per year to domestic airports.
SBI Card Prime
- Joining fee - Rs.2,999; Annual fee - Rs.2,999 (Waived if the total spends exceed Rs.3 lakh).
- Welcomes on board with a complimentary e-gift voucher worth Rs.3,000 from partner brands.
- 20 reward points on utility bill payments, spends at partner stores, dining, grocery, and movies.
- Free membership to Trident Privilege Red Tier Programme that provides exclusive benefits on hotel stays.
- Complimentary membership to Club Vistara Silver tier.
- 8 free domestic airport lounge visits and 4 international lounge visits per year.
- 4 complimentary golf rounds per year.
Axis MY Zone Credit Card
- Joining fee - Rs.500 (Waived on the spends of Rs.5,000 in first 45 days); Annual fee - Rs.500.
- 25% cash back on movie ticket bookings.
- 1 free airport lounge access per quarter to domestic airports
- Minimum 15% off at select restaurants across India.
- Up to 40 reward points on every Rs.200 spent.
HSBC Visa Platinum Credit Card
- Joining fee: NIL, Annual fee: NIL
- Introductory offer includes Rs.2,000 worth gift vouchers from Cleartrip, 10% cashback for the first 90 days, 3X more reward points on select categories for 1 year.
- Free movie ticket voucher worth Rs.500 on monthly spends of over Rs.50,000.
- 15% off at more than 1,000 restaurants in major cities.
- Up to 10 reward points after exceeding spends limits of Rs.4 lakh.
- Fuel surcharge waiver.
The name says it all - Shopping Credit Cards are designed for shopaholics or frequent shoppers. While some cards provide deals and discounts for shopping online, others are designed for in-store shopping. Further, there are co-branded Shopping credit cards that provide offers and rewards on specific brands or stores.
Shopping Credit Cards are typically affordable with a starting annual fee of Rs.500. The benefits offered on the cards including the welcome gifts, reward points, deals and discounts, etc., revolve round the shopping category.
Snapdeal HDFC Bank Credit Card
- Joining fee - Rs.500; Annual fee - Rs.500 (Waived if the total spends exceed Rs.1.5 lakh).
- Welcomes on board with a Snapdeal gift voucher worth Rs.1,000.
- Up to 10 reward points on spends at Snapdeal.com.
- 1% fuel surcharge waiver.
- Free accidental death insurance up to Rs.50 lakh.
- Reward points can be redeemed for Snapdeal gift vouchers.
SimplySAVE SBI Card
- Joining fee - Rs.499; Annual fee - Rs.499 (Waived if the total spends exceed Rs.1 lakh).
- 2,000 bonus reward points on spending Rs.2,000 or more in the first 60 days of card issuance.
- 10 reward points on spends related to movies, dining, grocery, and departmental store.
- 1% fuel surcharge waiver for transactions between Rs.500 and Rs.3,000.
Axis Bank Buzz Credit Card
- Joining fee- Rs.750; Annual fee- Rs.750.
- Welcomes on board with Flipkart gift voucher worth Rs.1,000
- Up to 10% discount on Flipkart.com valid throughout the month.
- 3X more reward points on all online shopping transactions.
- Minimum 15% discount on dining at select restaurants across India.
Kotak Essentia Platinum Credit Card
- Joining fee- Rs.1,499; Annual fee- Rs.749.
- Welcome gift includes 2 free BookMyShow ticket vouchers.
- Up to 10 reward points for every Rs.100 spent at grocery and departmental stores.
- Access to priority customer service with ASSIST
- 6 free PVR tickets or 1,200 reward points for spends over Rs.1.25 lakh in 6 months.
Travel Credit Cards – Make your Holidays Budget-friendly:
Mostly providing air travel benefits, the Airline Credit Cards are best suited for frequent travelers. The features and benefits offered on the cards revolve around the air travel. Reward points to air mile conversion, free flight tickets, complimentary airport lounge access, and accelerated rewards on air ticket booking, among others are some common features offered by Travel Credit Cards.
Most of the Travel Credit Cards are co-branded cards offered in collaboration of the card issuer and an Air Carrier or Travel Website. The annual fee of the cards ranges from Rs.500 to Rs.5,000 depending on the benefits they offer.
Yatra SBI Card
- Joining fee - Rs.499; Annual fee - Rs.499 (Waived if the total spends exceed Rs.1 lakh)
- Welcome gift voucher of Rs.8,250 from Yatra.com
- Up to Rs.4,000 off on flight ticket bookings made through Yatra.com
- 20% off on hotel bookings made within India through Yatra.
Air India SBI Signature Card
- Joining fee - Rs.1,499; Annual fee - Rs.1,499.
- Welcomes aboard with 5,000 reward points and a complimentary membership to Air India's frequent flier program - Flying Returns.
- 2,000 bonus reward points on every renewal.
- 8 free lounge visits per year to VISA airport lounges within India.
- Up to 15 reward points on Air India tickets booked through its website and mobile app.
- Reward points can be redeemed for air miles (1RP = 1 Air Mile).
JetPrivilege HDFC Bank Diners Club
- Joining fee - Rs.10,000; Annual fee - Rs.5,000 (Waived if the total spends in a year equals Rs.8 lakh).
- Welcomes aboard with up to 30,000 bonus?JPMiles?and 15 Jet Privilege Tier Points.
- 5% discount on the base fare for revenue tickets booked via Jet Airways website.
- 24 JPMiles on tickets booked on Jet Airways and 8 JPMiles on regular spends.
- Unlimited complimentary golf games and lessons across the globe.
- Personalised 24x7 concierge services for all your bookings.
AXIS Bank Miles & More World Credit Card
- Joining fee - Rs.3,500; Annual fee - Rs.3,500.
- Welcomes aboard with award miles and complimentary Priority Pass Membership.
- Up to 55,000 miles can be earned in the first membership year.
- 4 free visits per quarter to MasterCard lounges within India.
- 2 free visits per year to priority pass lounges across the globe.
- 24X7 concierge services to assist flight ticket bookings, gift deliveries, event bookings, etc.
- Complimentary travel insurance that covers lost baggage, loss of card, and air accidents.
Citi PremierMiles Credit Card
- Joining fee - Rs.3,000 (Waived for Citi Priority customers); Annual fee - Rs.3,000.
- 10,000 free Miles on the first spend made within 60 days of card issuance.
- 3,000 Miles on every renewal.
- 10 Miles per Rs.100 spent on flight and hotel bookings made through PremierMiles website.
- Complimentary access to select airport lounges within India.
Reward Credit Cards - Get Rewarded while you Shop:
Rewards Credit Cards offer accelerated rewards on most of the spending categories. Credit Card issuers are providing a wide variety of redemption options ranging from gifts to air miles to cashback. Reward Credit Card also provide welcome rewards, bonus rewards, milestone rewards, etc., in terms of reward points. Most of the cards offer reward points with unlimited validity.
Citi Rewards Credit Card
- Joining Fee: Nil; Renewal Fee: Rs.1000. Waived if the annual spends exceed Rs.30,000 in previous year.
- Up to 2,500 bonus points within 60 days of card issuance as part of welcome rewards.
- 10 reward points on apparel and departmental store spends.
- Up to 300 bonus reward points on spends more than Rs.30,000 in a month.
- Reward points can be redeemed instantly for fuel, in-store shopping, online shopping, air miles, cash back, etc.
Cashback credit cards (Earn while you spend):
Cashback credit cards offer cash back, cash rebates, and other money-saving benefits on most of the credit card spends. While some care offer cashback in the form of reward points others offer direct cashback to the credit card account which can be used to pay off the card outstanding.
HDFC MoneyBack Credit Card
- Joining fee:Rs.500 Renewal fee:Rs.500 (from 2nd year onwards).
- Welcomes aboard with 500 reward points upon receiving the joining fee.
- 4 reward points on every Rs.150 spent online.
- Spend Rs.50,000 in a quarter and get e-voucher worth Rs.500.
- Free accidental death insurance up to Rs.50 lakh.
- Reward points can be redeemed for cashback against card outstanding (100 reward points = Rs.20).
Citi Cashback Card
- Joining Fee: Rs.500; Renewal Fee:Rs.500
- 5% cashback on movie ticket bookings.
- 5% cashback on all telephone bill payments.
- 5% cashback on all utility bill payments made through Citibank online Bill Pay Facility.
- 0.5% cashback on all other spends.
- Cashback credited automatically as statement credit in multiple of Rs.500.
Fuel isn’t Expensive with Fuel Credit Cards:
Partnered with major industry players like Hindustan Petroleum (HP), Bharat Petroleum (BPCL), Indian Oil, etc., credit card issuers are offering Fuel credit cards loaded with partner-specific benefits.
Fuel credit cards provide accelerated reward points on fuel spends, fuel surcharge waiver facility, reward points redemption against fuel purchases, and other value back benefits, enabling the users to keep the fuel costs under check.
BPCL SBI Credit Card
- Joining Fee: Nil. Renewal Fee:Rs.1,000.Waived if the total spends in the previous year equal Rs.30,000.
- 4 turbo points on every Rs.150 spent on fuel at authorised IndianOil outlets.
- 2 turbo points on every Rs.150 spent at grocery and supermarkets.
- 1 turbo point on other transactions like shopping or dining.
- Redeem reward points instantly for fuel purchases at IndianOil outlets.
Indianoil Citi Platinum Credit Card
- Joining fee: Rs.499; Annual fee: Rs.499 (From 2nd year). Waived if the total spends in a year is Rs.50,000 or more.
- 2,000 reward points as welcome bonus on payment of joining fee.
- 13X more reward points on fuel spends at BPCL outlets.
- Up to 5X rewards points on select spends including groceries, movies, dining, utility bill payment, etc.
- Redeem reward points for fuel purchase at BPCL outlets. (2,000 RP = Rs.500).
Applicants can submit any one of the ID proof, address proof and income proof documents listed below
| Passport |
Telephone Bill |
Certified Financials |
Salary Certificate |
| PAN Card |
Electricity Bill |
Recent ITR Statement |
Recent Salary slip/s |
| Ration Card |
Aadhaar Card |
Passport |
Employment Letter |
| Aadhaar Card |
Ration Card |
Proof of business continuity |
| Voter's ID Card |
Rental Agreement |
| Driving License |
Credit Card FAQ's
Q.Can we get a credit card with bad credit score?
A.
A credit score between 300 and 650 is considered a bad credit score by most banks. In most cases, banks will not consider this score to be ideal to offer you a credit card. However, if you have a credit score between 550 and 650, it might be considered poor credit. In these situations, if banks deem you as a responsible borrower, you might be qualified for an unsecured credit card.
Q.Which is the best and easiest way to get a credit card?
A.
The best and the easiest way to get a credit card is to apply for it online from the bank’s website. If you have a savings account in that particular bank, you can also apply for a credit card from your phone through mobile banking.
Q.Can you use a credit card the same day you get approved?
A.
No, you will not be able to use the credit card the same day it gets approved as you will not be given the card on the same day as approval. When your request of the credit card is approved, it takes up to 3 weeks for the bank to dispatch your credit card. This also depends on if you already have an existing relationship with the bank. In that case, you might receive the credit card earlier.
Q.How can I get a credit card for the first time?
A. If you have an existing score which is above 700, which is a good credit score by banks, your request for a credit card will be approved and the card will be given to you. If you do not have an existing credit score, the bank can offer you a secured credit card if you deposit some money as collateral or if you have a fixed deposit account with the bank.
Q. What all can I do with my Credit Card?
A. You can use the credit card at the below-mentioned places to conduct transactions – At point of sale (POS) merchant terminals,At ATMs to withdraw cash, On online shopping websites, e-wallets, etc
Q. Difference between a credit card and a debit card?
A. While a debit card acts as an instrument to withdraw money from your savings account or to make card-based transactions using the amount in your account, a credit card is a credit instrument that allows you to spend using the card and repay it later.
Q. Should I pay interest on all the purchases I make using a credit card?
A. No, you don't have to pay interest on all the transactions. However, if you're not repaying the due amount within the stipulated time, the unpaid due would attract interest along with all the new transactions, till the due amount is repaid in full.
Q. Can I use my credit card in other countries?
A. It depends on your card type. If your credit card is accepted globally, you can use it in other countries as mentioned by your creditor. However, a certain fee known as the foreign transaction fee will be charged for all the purchases made abroad.
Q. Difference between a VISA credit card and a Master Credit Card?
A. VISA and MasterCard are two leading payment gateway providers in India. Any credit card issued in India is either VISA-powered or MasterCard-powered or powered by any other payment network. From the cardholder point of view, there is no much difference. However, VISA and MasterCard may provide slightly different offers on each credit card.
Q. How many credit cards should I have?
A. The number one should own is not fixed. It depends on your financial ability and your spending behavior. However, ensure to manage all the cards properly. Use them responsibly, repay the outstanding on time and make sure none of them is affecting your credit score.
Q. How long does it take to get a credit card approved?
A. The banks typically state that they would take 21 days to disburse a credit card. However, depending on the applicant's profile, availability of documents, verification checks, etc., it might also take a little longer than the stipulated time.
Q. What is a secured credit card?
A. A secured credit card is typically issued against a fixed deposit with the bank. The amount in the FD account serves as a security deposit in case the cardholder defaults on the credit card. Secured credit cards are ideal for those without any credit history and for those who are availing the credit card for the first time.
Q. What does 'minimum due' mean on a credit card statement?
A. The minimum amount due is the minimum amount a credit cardholder needs to pay in case he/she is not able to pay the total outstanding. It is typically 5% of the total outstanding amount on the card. Paying the minimum amount would save you from the late payment fee.
Q. Difference between credit limit and cash limit?
A. The credit limit is the total credit allotted for your credit card at the time of issuance. At any given point, you cannot spend beyond that limit.On the other hand, cash limit is the maximum amount of credit available for cash withdrawal on the credit card. Typically, it's a portion of the total credit limit on the card.
Q. If I make a late payment on my credit card, will it affect my credit score?
A. It depends on various factors – the number of days late, the number of instances and the amount due. Based on all this your credit card issuer would take a call about whether or not to report the same to the credit agencies. But once reported, it would certainly affect your credit score.
Q. Do credit cards offer protection against fraud?
A. Not all credit cards do, but there are quite a few credit cards that come with fraud liability protection cover.If your card offers the protection, most of the fraudulent transactions that might happen on the card when it's either lost or stolen will be covered. However, you need to intimate about the loss of the card immediately to the respective creditor.
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