Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Rewards Credit Cards in India

    Rewards credit cards offer the primary advantage of reward points program and their redemption options. The reward points help you save your hard-earned money and give you the best experience of using a credit card.

    By spending with these cards on popular categories like online and merchant store shopping, travel and holidays, dining, etc., you earn reward points in bulk. Also, to redeem the accumulated points, you get a number of good and diverse options.

    Top Rewards Credit Cards In 2020

    Credit Card Variant Joining Fee Annual Fee

    YES Prosperity Reward Plus Credit Card

    NIL (limited time offer)

    NIL (limited time offer)

    HSBC Smart Value Credit Card

    NIL

    Rs.499

    Citi Rewards Card

    Rs.1,000.

    Rs.4,500

    HDFC Moneyback Credit Card

    Rs.500.

    Rs.4,500

    HDFC Freedom Credit Card

    Rs.500

    Rs.500

    YES Prosperity Rewards Credit Card

    NIL (limited time offer)

    NIL (limited time offer)

    Standard Chartered Platinum Rewards credit card

    Rs.250

    Rs.250

    ICICI Coral American Express Credit Card

    Rs.500

    Rs.500

    Standard Chartered Landmark Rewards Platinum

    NIL

    Rs.250

    IndusInd Bank Platinum Card

    NIL

    NIL

    More
    We found 6 Credit Card
    Card
    1st Year Fee
    Rewards
    Joining Perks
    PA PL OTP
    Reduced to 0 On retail spends of 10,000 in 90 days 499
    What you'll love
    Documents
    You'll also love
    Fee Details
    0
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    You'll also love
    Think about
    Fee Details
    Reduced to 0 If an HDFC Current/Savings Account is present/opened within 3 months of card approval 500
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    You'll also love
    Fee Details
    500
    What you'll love
    Documents
    You'll also love
    Think about
    Fee Details
    Reduced to 0 If annual spends > 30,000 1000
    What you'll love
    Documents
    You'll also love
    Fee Details
    2499
    What you'll love
    Documents
    You'll also love
    Fee details

    Features And Benefits Of The Top Rewards Credit Cards

    YES Prosperity Reward Plus Credit Card

    Key Highlights: With this card, you can earn reward points on popular and diverse categories like international transactions, shopping, dining, etc. This is one of the best options for people looking for premium privileges on their credit card.

    Joining Fee: NIL (limited time offer)

    Renewal Fee: NIL (limited time offer)

    Joining Bonus: On spending Rs.5,000 within 30 days of the card issuance, you earn 1,250 reward points.

    Features and benefits:

    • Accelerated reward points on birthday spends and international POS and e-commerce transactions.
    • Attractive offers on categories like dining, wellness, shopping, etc.
    • Insurance cover in the unfortunate event of the primary cardholder's accidental death.
    • Fuel surcharge waiver on fuel transactions of Rs.400 to Rs.5,000 anywhere in India.

    Regular reward points

    2 reward points for every Rs.100 spent across all retail categories

    Accelerated reward points

    3 reward points for every Rs.100 spent on dining and online categories

    4 reward points for every Rs.100 on international purchases.


    5 reward points for every Rs.100 on birthday spends.


    500 reward points for each YES PayNow registration.

    Redemption options

    JPMiles (4RP = 1 JPMile)

    An exclusive list of products.

    Milestone rewards

    12,000 bonus reward points on yearly spends of a minimum of Rs.3.6 lakh.


    100 RP on doing 4 transactions of at least Rs.500 each in a month.

    HSBC Smart Value Credit Card

    Key Highlights: Save your hard-earned money by availing the 10% cashback that this card offers. The 3X accelerated rewards points and the special BookMyShow and Cleartrip would enhance your experience of using the card.

    Joining Fee: NIL

    Renewal Fee: Rs.499. Waived off if the sum of all the spends in the previous year is Rs.50,000 or more.

    Introductory offers:

    Voucher worth Rs.200 from BookMyShow within 60 days of the issuance of the card.

    Subscription to Gaana+ for 3 months within 60 days of the issuance of the card.

    Features and benefits:

    • 3X reward points on online, telecom and dining spends.
    • Voucher worth Rs.2,000 from Cleartrip and voucher worth Rs.250 from Amazon within 30 days of the issuance of the card.
    • On doing 5 transactions with a minimum total value of Rs.5,000 within 60 days of issuance of the card, you get 10% cashback.
    • EMI purchases at an attractive interest rate of 10.99% p.a. within 90 days of the issuance of the card.

    Regular reward points

    1 reward point for every Rs.100 spent on any category.

    Accelerated reward points

    3X reward points for telecom, dining, and hotel spends

    Redemption options

    Vouchers and gift listed on the HSBC rewards catalogue.

    HDFC Freedom Credit Card

    Key Highlights: Enjoy unmatched reward points and gift vouchers with the Freedom credit card. You also get free accidental death insurance, fire and burglary protection, etc.

    Joining fee: Rs.500

    Renewal fee: Rs.500. Waived off if the total spending in the previous year is over Rs.60,000.

    Joining bonus: 500 reward points when the joining fee is paid.

    Features & benefits:

    • Accelerated reward points on retail, HDFC SmartBUY, PayZapp, and birthday spends.
    • Gift vouchers worth Rs.1,000 on yearly spends of at least Rs.90,000.
    • Accidental insurance of up to 50 lakh.

    Regular reward points

    1 reward point for every Rs.150 spent

    Accelerated reward points

    5X RP for popular lifestyle spends; 10X RP for HDFC PayZapp and SmartBUY spends; 25X RP for birthday spends

    Redemption options

    Cashback and gifts from the HDFC rewards catalogue.

    Milestone rewards

    Gift vouchers worth Rs.1,000 on yearly spends of at least Rs.90,000.

    YES Prosperity Rewards Credit Card

    Key Highlights: It enables you to earn quick reward points by spending on multiple top categories like dining, retail, online, and international spends. Other attractions are the welcome bonus, the annual bonus, and the lifestyle benefits.

    Joining Fee: NIL (limited time offer)

    Renewal Fee: NIL (limited time offer)

    Joining Bonus: On spending Rs.2,500 within 30 days of the card issuance, you earn 1,000 reward points.

    Features and benefits:

    • Accelerated reward points on birthday spends and international POS and e-commerce transactions.
    • Attractive offers on categories like dining, wellness, shopping, etc.
    • Fuel surcharge waiver on fuel transactions of Rs.400 to Rs.5,000 anywhere in India.
    • Convert any transaction of Rs.2,500 or above to EMI at attractive interest rates.

    Regular reward points

    1 reward point for every Rs.100 spent across all retail categories.

    Accelerated reward points

    2 reward points for every Rs.100 spent on dining and online categories.

    3 reward points for every Rs.100 on international spends.


    4 reward points for every Rs.100 on birthday spends.


    500 reward points for each YES PayNow registration.

    Redemption options

    JPMiles (4RP = 1 JPMile)

    An exclusive list of products.

    Milestone rewards

    10,000 bonus reward points on yearly spends of a minimum of Rs.1.8 lakh.

    100 RP on doing 4 transactions of at least Rs.500 each in a month.

    Standard Chartered Platinum Rewards credit card

    Key Highlights: It comes with a host of offers and discounts across popular categories like dining, shopping, travel, etc. alongside an excellent reward points program. Also, there are the other regular benefits of a credit card.

    Joining Fee: Rs.250

    Renewal Fee: Rs.250 (2nd year onwards)

    Features and benefits:

    • Up to 5X reward points on lifestyle spends.
    • Contactless facility for safer and faster payments at merchant points.
    • Attractive deals on popular categories through the Standard Chartered Good Life programme.
    • Convert the entire balance of up to Rs.5 lakh to EMI with zero processing fee.
    • Convert any transaction of over Rs.5,000 to EMI.

    Regular reward points

    1 reward point for every Rs.150 on retail spends.

    Accelerated reward points

    5 RP for every Rs.150 spent on fuel and dining.

    Redemption options

    RP can be used for e-vouchers and gifts from the Standard Chartered catalogue.

    ICICI Coral American Express Credit Card

    Key Highlights: Enjoy payback points in bulk alongside other privileges like airport and railway lounge access, and free movie ticket offers.

    Joining Fee: Rs.500

    Renewal Fee: Rs.500 (2nd year onwards)

    Features and benefits:

    • 15% discount at over 2500 participating restaurants in India.
    • 2 complimentary movie tickets per month through the 'Buy 1 Get 1 free' offer on BookMyShow.
    • Complimentary access to participating airport and domestic railway lounges in India.
    • 2X reward points on online spends.
    • 1% fuel surcharge waiver for fuel transactions at HPCL pumps.

    Regular reward points

    1 payback point on every Rs.100 spent on insurance and utilities.

    Accelerated reward points

    2 payback points on every Rs.100 on retail purchases.

    4 payback points on every Rs.100 spent on online transactions.

    Redemption options

    Movie tickets, travel vouchers, lifestyle products, appliances, mobiles, and appliances.

    Milestone rewards

    2,000 payback points on yearly spends of Rs.2 lakh. 1,000 payback points on yearly spends of Rs.1 lakh.

    Standard Chartered Landmark Rewards Platinum

    Key Highlights: Earn reward points in bulk and redeem them when you shop at Landmark affiliated stores. Also enjoy cashback offers and the complimentary vouchers worth Rs.2,800.

    Joining Fee: NIL

    Renewal Fee: Rs.250 (2nd year onwards)

    Features and benefits:

    • 9X reward points on spending at Landmark affiliated stores.
    • Special offers and discounts on travel, shopping, and dining.
    • 5% cashback on grocery shopping at SPAR stores.
    • Convert the entire balance of up to Rs.5 lakh to EMI with zero processing fee.
    • Convert any transaction of over Rs.5,000 to EMI.

    Accelerated reward points

    9X reward points on every Rs.200 spent on Landmark stores like Max, Lifestyle, and Home Centre.

    Redemption options

    RP can be redeemed instantly at Landmark affiliated stores.

    Eligibility To Apply For Rewards Credit Cards

    Credit Card Variant Eligibility criteria

    YES Prosperity Reward Plus Credit Card

    21 years to 60 years

    Salaried or self-employed

    Minimum net salary - Rs.25,000 per month or min. Income Tax Return of Rs.5 lakhs.

    Also available against Fixed Deposit.

    HSBC Smart Value Credit Card

    18 to 65 years

    Salaried or Self Employed

    Minimum salary Rs.3 lakh p.a.

    Available in Chennai, Bangalore, Hyderabad, Gurgaon, New Delhi, Mumbai, Kolkata, Noida, and Pune.

    American Express Membership Rewards Credit Card

    Income - 6 lakh p.a.

    An Indian resident

    Available in Coimbatore, Chennai, Bangalore, Hyderabad, Jaipur, New Delhi/NCR, Ahmedabad, Vadodara, Mumbai, Indore, Surat, Chandigarh, and Pune

    HDFC Freedom Credit Card

    21 years to 60 years (salaried individuals)

    21 years to 65 years (self-employed individuals)

    Monthly income - Rs.12,000 or Income Tax Return of Rs.2 lakhs.

    YES Prosperity Rewards Credit Card

    21 years to 60 years

    Salaried or self-employed

    Minimum net salary - Rs.25,000 per month or min. Income Tax Return of Rs.5 lakhs.

    Standard Chartered Platinum Rewards Credit Card

    21 years to 65 years

    The individual belongs to credit cards sourcing cities or locations of the bank.

    Standard Chartered Landmark Rewards Platinum

    21 years to 65 years

    The individual belongs to credit cards sourcing cities or locations of the bank.

    Check Eligibility For The Rewards Credit Cards Online

    You can use the BankBazaar website and check your eligibility for your desired rewards credit card.

    • Just visit bankbazaar.com and decide on the card that you want to apply for.
    • Click the 'Check Eligibility' button placed next to it and answer the set of questions that appear.

    Documents Required To Apply For The Rewards Credit Cards

    The exact list of documents depends on the issuer of the card and it also varies from card to card. However, there are certain documents which are common to most of the cards.

    These common documents have been listed below. In addition to these, the bank may also ask for additional documents when you apply for the card.

    Proof of Identity

    Any one of the following

    Aadhaar card

    PAN Card

    Ration Card

    Passport

    Voter's ID card

    Driving license

    Address proof

    Any one of the following

    Ration card

    Electricity bill

    Passport

    Electricity bill

    Rental agreement

    Aadhaar card

    Income proof (salaried individuals)

    Recent salary slip/s

    Salary certificate

    Employment letter

    Income proof (For self-employed)

    Certified financials

    Audited profit and loss statement or balance sheet

    Recent ITR (Income Tax Returns)

    Others

    Form 60 or PAN card copy

    Photograph

    How To Apply For The Rewards Credit Cards?

    BankBazaar is an official partner for some of the cards listed above. You can apply for these cards directly from the BankBazaar website. It also saves your precious time by allowing you to upload the documents in a fast and safe way.

    Some of the other prominent advantages of applying for credit cards on BankBazaar are a chance to check your credit score for free, instant eligibility check for the card, instant approval for eligible individuals, free gift, and rapid processing of your application.

    To apply on BankBazaar, do the following:

    • Click the 'Check Eligibility' button set next to your desired card.
    • Next, verify your eligibility for the card by answering the questions that you are asked.
    • As you are now redirected to the application page of the card, enter the information asked for and click 'Submit' .
    • Upload the documents and select 'Submit'.

    You will receive your Application ID on successfully submitting of the application and the documents. Use this ID to track your application by visiting ' Track Application '.

    To apply for the non-partner credit cards, you need to visit the bank's official website for credit card application.

    Benefits Of Rewards Credit Cards

    Reward points programmes available on credit cards vary from one credit card to another. However, there are certain common benefits offered by most of the reward points programmes.

    Listed below are a few benefits offered by rewards credit cards.

    • Rewards on every transaction: You can earn reward points on most of the transactions done with your credit cards. Only a few transactions such as gold, fuel, cash advances, fees and charges are not eligible for reward points. A minimum amount should be spent on each transaction to become eligible for reward points. The same points, after reaching a cut off, can be redeemed for rewards and other gifts from the bank's rewards catalogue.
    • Accelerated rewards: Not only can cardholders earn reward points for minimum spends, they can also earn accelerated reward points on selected categories of spends. The categories eligible for accelerated reward points differ from one card to another and are mostly based on the credit card type. In co-branded credit cards,more rewards points will be offered on purchases related to credit card partner's product or services. For instance, a co-branded fuel credit card will offer more reward points on fuel transactions compared to regular transactions.
    • Milestone rewards: For reaching certain milestones with respect to credit card transactions or spends, the bank will offer a bundle of reward points as milestone bonus. Cardholders can earn a huge lot of reward points by achieving such milestones.
    • Exciting rewards: After accruing a certain number of reward points, cardholders will be eligible to redeem the same for various category of products listed in the company's rewards catalogue. Each bank has its own rewards catalogue that features products including electronics, home appliances, apparels, etc. Some cards will also provide an option to redeem rewards points for cash against the outstanding on the card.

    Types of Rewards Credit Cards in India

    Some of the common Reward Credit cards types that are available are as follows -

    • Travel Rewards Credit Cards
    • Dining/Shopping Rewards Credit Cards
    • Entertainment Rewards Credit Card
      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Credit Card Reviews

    • RBL Bank Credit Card
      "Easy to convert for EMI "
      0.5 4.0/5 "Great!"
      I got RBL card offer from BAJAJ Finance. I have been using this card past 10 months which is a life time free card. The credit limit is sufficient of 55K. EMI conversion is avail and I can convert via mobile app whenever required with nominal charge. I use this card for general purpose. Based on usage I get points but not yet redeem it.
      Was this review helpful? 28
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards
      SBI Cards Credit Card
      "Good service"
      0.5 4.0/5 "Great!"
      SBI credit card have offers and reward points but I have not redeem them yet, this is a domestic card, the credit limit is of 50000 which I am very much satisfied as per my need. I got my statement on time. I used this card for personal purposes.The card is very user friendly.
      Was this review helpful? 34
      , hyderabad
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      I am using SBI credit card for more than three months, there are some reward points and offers in the card. I used this card for online shopping, fuel surcharge and groceries.The credit limit of the card is sufficient and I like the most about the card is that it is a life time free card and very good to use.
      Was this review helpful? 27
      , hyderabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      The bank agent suggest me to take credit card from INDUSIND and I have taken it because it doesn't have any annual fee. The offer and reward points are available in the card are good. I am satisfied with the limit of the card. I used the card for general purposes. But it will be nice, if the offers and reward points will be more.
      Was this review helpful? 16
      , jaipur
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am using INDUSIND credit card for 3 months. The card have no offers available and also there is no rewards. The only benefit is that its a life time free card and the credit limit is only for 75000 I am not that satisfied as i expected to get around 1.5 lakh. Apart from the limit over all experience is good.
      Was this review helpful? 18
      , chennai
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have got INDUSIND credit card few months ago and I have used it for two months now ,the credit limit of the card is Rs.70000 which is a life time free card. The bank have informed me every details about the reward points and offers but I have not got any time check it. I am satisfied with their card service.
      Was this review helpful? 19
      , hyderabad
      Reviewed on Mar 21, 2020
    • ICICI Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Am having ICICI credit card for two years, I feel good and have not face any issues. The best part about the card is its a life time free card. I used to get my card statement on time. I used this card for shopping, groceries and for many other personal purposes.I am using the bank mobile app which function smooth and simple.
      Was this review helpful? 23
      , faridabad
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have used SBI credit card for 2-3 months, but I have not got any time to check about the offers available in the card. The limit of the card is 38000 and I am satisfied because its a life time free card. I used to get my card statement on time and the net banking is also working very well.
      Was this review helpful? 33
      , faridabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service "
      0.5 4.0/5 "Great!"
      Since it is a life time free card offer from INDUSIND so I chosen it and applied through online. I received a call on time and they have done the verification process. Hence I received the card by 7 days, the credit limit is okay for me. Its easy to use for all purposes.
      Was this review helpful? 14
      , chennai
      Reviewed on Mar 21, 2020
    • Citibank Credit Card
      "Good "
      0.5 4.0/5 "Great!"
      CITI has provided good offers and benefits on 2 months before. So I chosen this card and applied through online. It is annual fee chargeable of 500 rupees bu there is waiver off option if I spend 30K within a year. The credit limit is 65K. There is EMI conversion avail for this card.
      Was this review helpful? 12
      , coimbatore
      Reviewed on Mar 21, 2020
    • HDFC Bank Credit Card
      "very good"
      0.5 5.0/5 "Blown Away!"
      I have used credit card from HDFC bank for 1 year which is very good and also very comfortable, its a life time free card and lots of offers are available in the card. This card was suggested to me by my colleague. Mobile banking also functions very smooth.
      Was this review helpful? 33
      , bangalore
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Average service"
      0.5 4.0/5 "Great!"
      INDUSIND bank credit card have an credit limit of of Rs.75000, there is no offers available in the card and it also have a charges of 3000 along with GST. I hardly receive any remainder messages for my bill payment due to that some time I could not pay my bill on time. I would advise them send my bill on time before the due date.
      Was this review helpful? 17
      , bangalore
      Reviewed on Mar 21, 2020
    • ICICI Bank Credit Card
      "Need to increase the credit limit "
      0.5 5.0/5 "Blown Away!"
      I have been using ICICI card for more than one year. They have provided an annual fee chargeable card and waiver off option is applicable. The credit limit is okay of 50K. Since I need to do purchase about 45K on some of the month so this limit is not sufficient. I swipe the card for travel, shopping and fuel purposes. I have not opted for EMI conversion.
      Was this review helpful? 17
      , kolkata
      Reviewed on Mar 21, 2020
    • Axis Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using AXIS bank credit card for 3 years, Its a life time free card so I applied the card through bank. The agent have informed me everything about the card. I used to get offers of 10% on petrol bunk and shopping.The limit of the card is Rs.45000 and I used to pay my bill directly through bank.I am also using their net banking which is very good.
      Was this review helpful? 27
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service"
      0.5 4.0/5 "Great!"
      I got INDUSIND credit card from few months ago.The card have an EMI conversion. I used the card for multi purposes like shopping, online payment, ticket booking. This is annually chargeable card, I am not satisfied with the credit limit of Rs.75000 as I am expecting more than than 1 lakh.
      Was this review helpful? 20
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got a life time free card offer from INDUSIND bank hence applied through online on three months back. I received the call on time and the process was done on smooth. I got the card on exact time frame. The credit limit is sufficient and they provided good offers and benefit as well.I use this card for shopping and travel purpose.
      Was this review helpful? 9
      , kolkata
      Reviewed on Mar 21, 2020
    • RBL Bank Credit Card
      "Average service"
      0.5 1.0/5 "Really Bad"
      RBL credit card is a chargeable card, I always have to go to Bajaj Finance to pay my credit card bill. I am not satisfied with the customer service which has to be improved. I used this card when ever needed for shopping, fuel surcharge and bill payment.The limit of the card is fine.
      Was this review helpful? 44
      , ranchi
      Reviewed on Mar 21, 2020
    • HDFC Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      HDFC credit card is very convenience to use, I have been using the card for 4.5 months for Shopping, groceries, fuel surcharge and electricity bill payment also. I pay my credit card bill through ATM. I always get my bill on time, this card was suggested to me by the bank agent.
      Was this review helpful? 24
      , ranchi
      Reviewed on Mar 21, 2020
    • RBL Bank Credit Card
      "Okay service "
      0.5 3.0/5 "Satisfactory"
      I used RBL card for twice only. I get message or call for EMI conversion from banker. It is a life time free card. Once all the process done I received the card by 15 days. I am holding this card past 6 months. The credit limit is sufficient of 30K. Once I tried to convert for EMI of 3 months it was done on time without any problem. It is Bajaj card.
      Was this review helpful? 14
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Good card"
      0.5 5.0/5 "Blown Away!"
      I have been using SBI credit card for the last two months, the credit limit of the card was satisfied it was Rs.9,80,000. The bank agent came and collect my document he have informed me every detail about the card. The card have a charges of Rs.2299 in a year. I used to pay my credit card bill through bank. Am getting my card statement in softcopy but I wish the bank can send me a hard copy statement also.
      Was this review helpful? 39
      , gurgaon
      Reviewed on Mar 21, 2020
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