Credit card is a small plastic card that allows you to borrow money instantly at the point of sale from your card provider to pay for purchases. The total borrowed amount has to be paid by the cardholder at the end of the billing cycle (it is generally a month long). Credit card payment is one of the most convenient and beneficial ways to pay for products. Unlike cash, credit card can be used to make online payments as well. Apart from allowing people to borrow money, these cards offer various rewards and benefits such as discounts, cashback, lounge access and memberships among many others.
It is very important to choose the right credit card or else you might end up losing on a lot of benefits. You must opt for a card after comparing it with the different cards offered in the market. There are many banks in India that offer various types of credit cards. The cards are categorized on the basis of the benefits they offer. For example – Travel credit card, Entertainment credit card, Shopping Credit Card, etc.
Mentioned below are the top 10 credit cards offered by banks in India considering the categories Fuel, Premium, Travel, Rewards, Shopping, Dining and Entertainment. These cards are chosen based on the rewards/perks they offer.
|Name of Credit Card||Joining Fee||Annual Fee from year 2|
|IndianOil Citi Platinum Card||Will be communicated at the time of issue.||Annual fee is 0 when Rs.30,000 or more is spent on the card in a membership year. If not, annual fee is Rs.1,000.|
|ICICI Bank Coral Contactless Credit Card||Rs.500||Rs.500|
|Yatra SBI Credit Card||Rs.499 + applicable taxes||Rs.499 + applicable taxes|
|The Jet Airways American Express Platinum Credit Card||Rs.5,000 + applicable taxes||Rs.10,000 + applicable taxes|
|HSBC Visa Platinum Card||Nil||Nil|
|Citi Cashback Card||Will be communicated at the time of issue.||Rs.500|
|HDFC Bank Diners Club Black Card||Rs.10,000 + applicable taxes||Rs.5,000 + applicable taxes|
|IndusInd Bank Platinum Card||Rs.17,999||Nil|
|Axis Bank Neo Credit Card||Rs.250 which will be waived when customer spends Rs.2,500 on the card within 45 days from issue of card.||Annal from the second year is Rs.250.|
|Kotak PVR Gold Credit Card||Will be communicated at the time of issue.||Rs.499|
Credit cards are perhaps one of the most utilised financial tools in the world today. These cards are similar to loans and can be availed with a swipe of the card. Ever since their inception in the 1950s, credit cards have had a significant impact on the economy.
In order to avail a credit card, certain eligibility criteria will have to be met. For example, the applicant must be earning a minimum annual income as defined by the credit card provider and must be an adult. Additionally, credit scores also play an important role.
Salaried individuals can avail a number of credit cards as long as they are earning a minimum annual income, as prescribed by the bank or credit card provider and have a good credit score. A number of companies in India provide salaried employees with a plethora of credit cards. Each of these cards come with different benefits and features and the eligibility criteria for each of these cards will vary.
Some of the best credit cards for salaried individuals in India, are as follows -
This fuel credit card helps you save money on fuel and at the same time earn rewards on all your purchases.
Benefits of Indian Oil Citi Platinum Card
This easy-to-use card is loaded with benefits, rewards, and discounts on dining and more. All the cardholder needs to do is tap it and go.
Benefits of ICICI Bank Coral Contactless Credit Card:
The State Bank of India (SBI) and Yatra have partnered to offer Yatra SBI Credit Card, which is one of the best travel credit cards in India at present. Apart from offers on domestic and international travel, this card has multiple benefits in store for the cardholders.
Benefits of Yatra SBI Credit Card:
This card provides cardholders with an unforgettable travel experience. It is offered by American Express in partnership with Jet Airways. It is very popular because of the different kinds of rewards it has to offer.
Benefits of Jet Airways American Express Platinum Credit Card
This credit card offered by HSBC bank is preferred by many people because of the endless rewards it offers. Cardholders can enjoy cashback, reward points, discounts and much more.
Benefits of HSBC Visa Platinum Card
This card allows you to earn while you spend. It offers cashback and other benefits on spends.
Benefits of Citi Cashback Card
This credit card is one of the most popular premium card in India. It does not just offer reward points, but provides the best protection, golf benefits, travel benefits, lifestyle benefits, etc.
Benefits of HDFC Bank Diners Club Black Card
This premium credit card is ideal for people who wish to live a posh life. It offers multiple lifestyle and dining benefits to the cardholders.
Benefits of IndusInd Bank Platinum Card
This card is loved by movie goers and shoppers. It offers some of the best dining, shopping and entertainment benefits in India. Cardholders can also earn reward points on their spends and make purchases on EMI.
Benefits of Axis Bank Neo Credit Card
This credit card has been exclusively designed for movie buffs. It is offered by Kotak Mahindra Bank in partnership with PVR Cinemas.
Benefits of Kotak PVR Gold Credit Card
We’ve picked the BEST reward Credit Cards for 2018 that will spoil you silly. Want to check them out?
HSBC Visa Platinum Credit Card
This card not only comes with a zero annual fee but also offers 20% discount at select restaurants & lounges in India. Also save up to Rs. 1,200 on all domestic flights on Clear Trip! How cool is that?
SBI Simply Save Card
This card will keep you happy all day long! It offers 10X rewards on all your dining, movies, grocery and departmental store spends. Also earn 1 reward point for every Rs. 100 spent on all other categories. How cool is that?
HDFC Bank Diners Club Black Card
Want to get pampered? Look no further! This card offers unlimited free airport lounge visits all across the world. Get 50 reward points at select retail & online partners too! That’s a steal.
SBI Simply Click Card
Love shopping? This card offers 5X reward points for all online spends. Also, earn 10X reward points on spends with exclusive partners. What’re you waiting for?
You do NOT want to miss out on these amazing Credit Card offers. Grab them before it’s too late! Didn’t find what you were looking for? Cheer up! We have other equally cool offers exclusively for you.
17th March 2018