Top Shopping Credit Cards in India
SBI SimplySave Credit Card
The SimplySAVE credit card offered by SBI is best suited for those who conduct their day to day transactions on credit cards. By offering accelerated rewards on popular spending categories such as grocery, movies, dining, etc., the credit card offers maximum benefits.
Features of SBI SimplySave Card
- Earn 10 times more reward points on spends related to grocery, movies, dining and departmental stores.
- For every Rs.100 that you spend on any other category, earn one reward point
- Redeem your reward points against your credit card outstanding balance or redeem against gifts from the rewards catalogue
- Get fuel surcharge waiver for fuel transactions valued between Rs.500 and Rs.3000 at any petrol pump across India
- Get 2000 bonus reward points by spending Rs.2000 or more within first 60 days of receiving the card.
Kotak Bank Delight Platinum Credit Card
Kotak Delight Platinum Credit card offers privileges on various lifestyle categories such as entertainment, dining, travelling and others. The card comes with cashback offers, discounts, fee waivers and many other benefits on all the mentioned categories making it a comprehensive credit card.
Features of Kotak Delight Platinum Credit Card
- Earn 10% cash back on all movie and dining transactions. The cashback can be availed by spending a minimum of Rs.10,000 on categories other than entertainment and dining in one billing cycle.
- Spend Rs.1,25,000 every six months and get four complimentary PVR movie tickets
- Get 1.8% railway surcharge waiver for bookings done on irctc.com and 2.5% for bookings done at the Indian Railway booking counters
- Get a waiver of 2.5% fuel surcharge on fuel transactions made at fuel stations across India
HDFC Bank MoneyBack Credit Card
If you wish to receive cash back on most of your credit card transactions, then the HDFC’s MoneyBack credit card is for you. The card allows the users to accumulate reward points and redeem them for cash instead of gifts and rewards.
Features of HDFC Bank MoneyBack Card
- Earn two reward points for every Rs.150 spent on the card
- For online purchases done with the card, you earn four reward Points
- Every 100 reward points can be redeemed for a cash back of Rs.20
- Option to redeem reward points even for gifts and air miles from HDFC’s rewards catalogue
- Fuel surcharge waiver of 1% on fuel transactions with a minimum transaction value of Rs.400
HSBC Visa Platinum Credit Card
With a zero joining fee and annual fee offer, the Visa Platinum credit card offered by HSBC provides comprehensive benefits including cashback offers, discounts on travel and dining spends, movie ticket offers, accelerated reward points on category spends, etc.
Features of HSBC Visa Platinum Card
- Welcome benefits include Rs.250 BookMyShow voucher and Rs.2000 Cleartrip voucher
- Earn three times more reward points on all telecom, hotel and dining transactions for first 12 months
- Earn two reward points on every Rs.150 spent on the card
- For spending over Rs.50,000 in a calendar month, get a movie ticket voucher worth Rs.500
- Fuel surcharge waiver of up to Rs.250 per calendar month for fuel transactions between Rs.400 to Rs.4000.
- Up to 15% discounts on dining spends in major cities
Types Of Shopping Credit Cards In India
| Cashback shopping credit cards |
The name says it all. Cashback shopping credit cards will bring you back a percentage of transaction amount as cashback. The amount of cashback varies from one retailer to another. If you are loyal to one or more brands, you can search for credit cards that offer cashback on that particular brand. |
| Shopping credit cards with accelerated rewards |
These shopping credit cards may not bring you instant luck but would surprise you with gifts and rewards. Unlike regular purchases, spends related to shopping on a few categories like apparel, accessories, cosmetics, etc., would bring you accelerated reward points which can be exchanged for gifts, discounts and other deals as offered by your bank. |
| Shopping credit cards with discount offers |
Some shopping credit cards provide a year-round discount on purchases made at particular stores, either online or offline. If you frequently shop at a particular retail store, say Shoppers Stop, LifeStyle, Trends, etc., you can choose a credit card that offers discounts on spends related to that stores. |
How to Apply For Shopping Credit Cards Online?
Applying for a shopping credit card or any credit card has become easy with the online application process. You can choose the credit card that suits your lifestyle requirements and visit the online application page to apply for the same. Mentioned below are two different channels through which you can apply for a shopping credit card online.
Apply through bank’s website
The first method is to apply through the respective bank’s website. As most banks are accepting credit card applications online, you can initiate your application process using the online medium. Follow the below steps to apply for a shopping credit card through a bank’s website.
Steps to apply for a shopping credit card online are given below:
Step 1: Visit the respective bank’s website
Step 2: Look for your preferred shopping credit card
Step 3: Click on the card to access detailed information about the card
Step 4: Click on ‘Apply’ button to submit an online application for the same
Step 5: On the online application page, fill all the required fields with accurate information, read the terms and conditions before accepting and click on ‘Submit’
The system will generate an application reference number on successful submission of the application. The bank will take three to four days to review the application and if the details meet the eligibility criteria, you will receive a call informing you about further steps in the application process.
If everything goes well, the bank will take seven to ten days to process the credit card. You can track the status of your application using the application ID through the bank’s website.
Apply Through Bankbazaar Website
The second and equally authorised channel to apply for a shopping credit card is through BankBazaar website. BankBazaar is a partner service provider to more than 50 banks and offers a comprehensive platform to shop for credit cards and other financial products.
You can find shopping credit cards offered by different banks under one roof, enabling you to compare and choose the best card in the market. Further, you can apply for the same on BankBazaar website. Mentioned below are the steps to apply for a credit card through BankBazaar website.
Steps to apply for a shopping credit card through BankBazaar are given below:
Step 1: Visit Bankbazaar.com
Step 2: Select ‘Credit Cards’ from the main menu
Step 3: Find your shopping credit card from the list of credit cards
Step 4: Check your eligibility for the card by providing some basic details such as your name, location, income details, etc.
Step 5: If your profile is eligible for the credit card, you will be redirected to online application page. Fill all the required fields with relevant data and click on ‘Submit’
The system will generate an Application ID, which can be later used to track the status of your application using BankBazaar’s ‘Track Application’ facility.
Eligibility To Apply For Shopping Credit Cards
- Applicant should be a citizen of India
- Salaried or self-employed
- Should have a decent credit history (Not applicable for first time borrowers)
- Age of the applicant – Min. 21 years and Max. 60 years
Documents Required To Apply For Shopping Credit Cards
The documents required to apply for shopping credit cards are mentioned below. Again, since each bank has a different requirement, for bank specific documentation, you need to check with the bank or its website.
- Copy of identity proof such as Aadhaar card, passport, etc.
- Copy of address proof document such as Voter’s ID, Aadhaar, driving licence, electricity bill, passport, etc., whichever holds your current address
- PAN card copy
- Two months salary slips or IT Returns
- Duly signed in application
- One passport size photograph
How to use Credit Card for Online Shopping
E-commerce is a booming market at present, from clothes to groceries to electronics, you name it and you can buy it online. Online purchases usually require you to use your credit card or debit card for making payments. Although it is not a complicated procedure, it is better to have an idea before you proceed. Also, be aware of the credit limit on your card, before going on a spree. The following steps are involved while shopping online using your credit card:
Step 1: Selecting Items for Purchase:
When you want to shop for something online, you first choose the website you want to shop from. It then requires you to select the items you decide to purchase. In this step, you can place your items in a virtual cart or bag. Most websites, usually allow you to click on a tab labelled ‘Add to Cart’ or ‘Add to Bag’ against each item that you pick. When you are done selecting all items, you can move to the checkout page of the website.
Step 2: Entering Shipping Information:
The checkout page prompts you to enter details such as shipping address, your contact number, billing address and others. This page also gives you the total bill amount generated by adding all items on your cart. Sometimes your billing address, where you receive your credit card statement may be different from the address where you want your items to be shipped to. Be careful while making this selection.
Step 3: Choosing Payment Method:
The payment page will allow you to select the type of card you wish to make the payment with. The options provided to you are usually – MasterCard, VISA, American Express or Discover. Sometimes the merchant does not have a tie-up with your card and it will not be available for you to choose. In such cases, you will have to change your mode of payment.
Step 4: Entering Name and Credit Card Information:
The site will then ask for your name as in your credit card, along with other credit card information crucial for payment such as – your card number, expiry date on the card and the security code. Some cards also have the security code (three digit) on the back of the card.
Third-party Payments:
Some third party websites like PayPal and Citrus allow you to create an account and register your credit card in their website. This requires you to enter all your credit card information one time and every time you make an online purchase, you will just to have select ‘Pay with PayPal’ and enter the username and password for PayPal and your online transaction gets through.
Safety and Security:
Online shopping also exposes your credit card to the risk of potential frauds. Always remember the following points during on online shopping free:
- Shop only on secure websites and do not choose your sites based on discounts and offers alone. The best sign of safety and security is a lock or ‘Verisign’ on the website.
- Do not make online purchase from unsafe public terminals or unsecure Wi-Fi networks.
- Never save your credit card details on any website.
- Do not enter your internet PIN or ATM PIN number on any site.
- Ensure you get notified every time your credit card has been used.
While shopping, whether be it online or offline, you must be very careful while using your credit card. As long as you take some precautions and be a little cautious while making an online transaction, shopping as always will be fun.
FAQs on Shopping Credit Cards
- What can I redeem my credit card reward points for?
You can redeem your credit card reward points against gifts from the rewards catalogue issued by the card or against your credit outstanding balance. This will depend from card to card, with some cards offering to redeem your reward points against movie tickets, air miles, gift vouchers, cash credit, or even donations to specified charitable organisations, etc.
- What are accelerated reward points?
Accelerated reward points are extra points that are earned on specific category of purchases which can differ from card to card but can range from online shopping to travel or grocery spends.
- What are large-value purchases?
Large-value purchases are typically for items or experiences that cost several thousand rupees or lakhs of rupees such as jewelry, holiday bookings, flight tickets, consumer products such as electrical appliances or digital devices, etc.
- What is the advantage of reward points?
Reward points are beneficial in helping you avail discounts and thus increase your savings when purchasing items of your choice.
- Where can I redeem my reward points?
You can redeem your reward points easily online by logging into your net banking account and through that, accessing your credit card account. If you have chosen to redeem your reward points against products in the rewards catalogue, then it will be sent to your home through home delivery. If you have chosen air miles, then you can buy air tickets.
- What is a third party payment processor?
With the help of a third-party payment processor, a company can take payments without having to open a merchant account, which is a bank account needed to store revenue from credit and debit card sales.
- Is it safe to buy a product online with a credit card?
Yes. It is safe to buy a product online using a credit card.
- Which is better debit card or credit card?
Debit cards take money directly out of your bank account but credit cards allow you access to a line of credit provided by a bank. Credit cards offer superior consumer protections against fraud compared to debit cards linked to a bank account.
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