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.
Best 10 credit cards in 2019-20 offered by the top banks in India:
Below are Some of Best Credit Cards Based on Top Categories
Yatra SBI Credit Card: Best for Travel, Flight Booking, Hotel Booking
YES Prosperity Edge Credit Card: Best for Lounge Access, Rewards
HSBC Visa Platinum Credit Card: Best for Travel, Dining, Movies
Citi Cashback Card: Best for Cash Back
IndusInd Bank Platinum Credit Card: Best Lifetime Free Card
IndianOil Citi Platinum Credit Card: Best for Fuel
Axis Bank Neo Credit Card: Best for Cashback, Hotel, Movies
HDFC Bank Diners ClubMiles Card: Best for Lounge Access
Citi Rewards Credit Card: Best for Rewards
Kotak PVR Gold Credit Card: Best for Movies
Axis Bank Neo Credit Card: Best for Bookings, Shopping, Movies
IndusInd Bank Platinum Aura Edge Credit Card: Best for Travel, Dining, Lifestyle
HDFC Bank Diners Club Black Card: Best for Lounge Access, Hotel, Dining
Top 10 Credit Cards in India – Features & Benefits
Indian Oil Citi Platinum Card
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
Avail annual fee waiver on spend of Rs.30,000 p.a.
Earn 4 Turbo Points on every Rs.150 spent on purchase of fuel at IndianOil Outlets across India. Earn 4 points at selected partner stores as well.
Fuel surcharge waiver at IndianOil outlets.
Earn 2 Turbo Points on every Rs.150 spent at supermarket and grocery stores.
Earn 1 Turbo Point on every Rs.150 spent on all other purchases.
Redeem Turbo Points for free fuel at IndianOil outlets. 1 Turbo Point is equal to free fuel worth Rs.1. Points can also be redeemed at selected merchant outlets and for gift vouchers at major brands.
Enjoy personal concierge services and offers on dining, shopping, etc.
HDFC Freedom Credit Card
Key Highlights of HDFC Freedom Credit Card
Enjoy 5X reward points on everything from grocery, dining, movie, railway, and taxi bookings.
Make your birthday 25X better with 25X reward points on card expenses made on your birthday.
Avail 10X reward points on your SmartBUY and PayZapp purchases.
Get a gift voucher worth Rs.1,000 when you spend Rs.90,000 in a year.
Spend Rs.50,000+ in a year and get your renewal fee waived off.
Enjoy an interest-free period of up to 50 days.
Get 500 reward points as your welcome benefit.
Get 25X reward points on all your birthday spends.
Use your credit card for groceries, movies, taxis, dining out, and railway spends and enjoy 5X reward points.
Use SmartBUY and PayZapp and enjoy 10X reward points.
Get renewal bonus of 500 points when you pay your renewal fee.
Yatra SBI 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:
Vouchers worth Rs.8,250 from Yatra as welcome gift. Use card within 30 days of availing it to get Rs.100 worth cashback.
Spend at least Rs.90,000 a year to avail annual fee waiver.
Avail 6x Reward Points on money spent using the card on Yatra, grocery stores and departmental stores.
Avail 6x bonus points on the base fare and rates on bookings made on Yatra.
Avail 1 point on every Rs.100 spent on other retail stores.
Points can be redeemed for Yatra vouchers.
Avail discount voucher of Rs.500 on every Rs.30,000 spent on bookings made on Yatra.
Enjoy access to airport lounges in India.
Enjoy 1% surcharge waiver on Rs.500 to Rs.3,000 worth fuel purchases.
HSBC Visa Platinum 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
During the initial 90 days, avail 10% cashback on all spends, provided at least 3 transactions are made and the minimum spend is Rs.10,000. Avail a maximum cashback of Rs.3,000.
Earn 6 reward points on retail purchases made on your birthday.
Earn 2 points on every Rs.150 spent using the card.
Earn EXTRA points at selected EXTRA partners.
Spend at least Rs.4,00,000 in a year and earn 5x Rewards on all the successive transactions.
Spend at least Rs.50,000 in a month to avail movie vouchers worth Rs.500.
Enjoy fuel surcharge waiver when you pay for fuel using the card.
Enjoy discounts on dining under HSBC Dining Privileges.
Citi Cashback Card
This card allows you to earn while you spend. It offers cashback and other benefits on spends.
Benefits of Citi Cashback Card
Make contactless payments of up to Rs.2,000. No PIN required. Simply tap the card at the contactless terminal to pay.
Get 5% cashback on movie tickets and phone bill payments.
Get 5% cashback on utility bill payments, if paid through Citibank Online Bill Pay.
Get 0.5% cashback on all the other spends.
Enjoy exclusive dining and shopping benefits.
Make purchases on EMI at over 2,000 mobile phone, electronics and retail outlets.
HDFC Bank Diners Club Black 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
Earn 2x reward points on domestic and international air ticket and hotel bookings.
Redeem points for airmiles or to book air tickets or hotels.
Enjoy access to over 25 airport lounges in India and over 650 airport lounges abroad.
Enjoy 24x7 concierge service. Get the concierge to reserve golf course and dining or to deliver flowers and gifts or to rent cars. The concierge will also provide business related services, courier service and make hotel reservations.
Avail 5 reward points on every Rs.150 spent at retail merchant stores.
Avail 10 reward points on every Rs.150 spent on HDFC Bank Diners Club website.
Enjoy complimentary golf games and lessons in India and abroad.
Get Rs.2 crore worth Air Accident Cover, up to Rs.50 lakh worth Emergency Medical Expenses cover, up to Rs.9 lakh worth Credit Liability cover and up to Rs.55,000 worth Travel Insurance Cover on baggage loss/delay.
IndusInd Bank Platinum 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
Avail Accor Plus Program membership. This membership will allow cardholders to enjoy up to 15% discount on drinks across Asia and up to 50% discount on dining across Asia Pacific. Apart from that, members can avail discount on hotel bookings, complimentary night stays and Silver Membership Status at Le Club Accor Hotels.
Earn 1.5 Reward Points on every Rs.150 that you spend using the card.
Avail discounts from various travel and shopping partners. For Example – Satya Paul, Jet Airways, Woodland, United Colours of Benetton, etc.
Enjoy complimentary golf lessons and games at golf courses in India.
Avail discounts on movie tickets when you book using this card on Bookmyshow.
Enjoy complimentary Priority Pass and get access to airport lounges in India and abroad.
Enjoy benefits under the Travel Plus Program.
Avail Travel Insurance cover and enjoy 24x7 concierge services. The card’s Total Protect feature will protect you from fraudulent transactions.
Avail free air accident cover up to Rs.25 lakh.
Enjoy 1% fuel surcharge waiver at petrol pumps in India.
Avail services during emergency through the bank’s 24x7 Auto Assist Facility.
HDFC MoneyBack Credit Card
Enjoy 2 reward points each time you spend Rs.150 on your card
Earn 2X more reward points for online spends
Get cashback against card outstanding by redeeming earned reward points (100 reward points = Rs.20)
Redeem your points for gifts and air miles from the exclusive rewards catalogue.
Minimum of 2,500 points are required to redeem reward points.
Accumulated points are valid for 2 years from accumulation date.
Get an e-voucher(valid for 60 days) worth Rs.500 on spends of 50,000+ per quarter on retail purchases.
Rs.50 lakh worth of complimentary accidental death insurance
Annual savings of up to Rs.1,800 on fuel at stations anywhere in India
Zero liability on fraudulent transactions made on your card after loss of card is reported.
Axis Bank Neo Credit 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
Earn 2 eDGE Loyalty Rewards points on every Rs.200 spent using the card.
Avail 10% cashback on mobile recharge, online shopping and movie tickets.
Avail vouchers of Rs.200 from Bookmyshow.
Easily convert transactions of Rs.2,500 and above into EMI.
Avail Rs.500 worth complimentary vouchers from Jabong.
Avail 10% discount on every transaction of at least Rs.500 made on Myntra.
This card is protected through an EMV certified chip.
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
Avail 1 free PVR movie ticket on a minimum spend of Rs.10,000 per billing cycle or 2 free tickets on a minimum spend of Rs.15,000 per billing cycle. To avail the free tickets, cardholders can make any type of spends.
Avail up to Rs.75,000 worth insurance coverage for stolen or lost card.
Avail Add-on cards for family members.
Best Credit Cards in India for Salaried Individuals
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.
We’ve picked the BEST reward Credit Cards for 2019-20 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.
Round-the-clock NEFT payments facilitate last-minute credit card bill payments without late fees
The Reserve Bank of India has now opened up NEFT payments round the clock, making it easier for credit card holders to pay their bills even at the last minute without having to worry about late payment charges anymore. Most users choose the NEFT payment mode to transfer the due amount from theirs savings accounts to their credit card. When done on the last day, and through NEFT which was not open 24x7 before, the payment would only get credited on the next business day, thus attracting late payment fees which could be as high as 20% of the of the due amount. This late payment also negatively affects credit scores. While this will help to facilitate faster payments of credit card due amounts, the NEFT transactions are likely to take place in one-hour batches that start at 12:30 am and end at 11:30 pm, so these last-minute transactions to credit card bill payments should be avoided between 11:30 pm and 12:30 am. A positive confirmation message will be sent by banks for all NEFT transactions. In most cases, NEFT transactions are free of cost whereas Immediate Payment Service (IMPS) transactions between Rs.10,000 and Rs.1 lakh cost a fee plus GST. Fund transfers through NEFT can be done for up to Rs.2 lakh.
18 December 2019
Visa partners with fintech startup FPL for the launch of a mobile-first credit card
Visa, the global card payments company, has entered into a partnership with First Principle Labs Technologies (FPL Tech), a fintech startup based in Pune, for the launch of mobile-first credit cards in India. A mobile application will also be launched in association with this in order to support customers in managing their credit card payment cycles. The credit cards will be issued by FPL in association with various banks. Visa’s global footprint and technology will be leveraged to increase its usage and acceptability across a wide range of merchants and places. In September 2019, FPL had raised $4.5 million from several investors which included Sequoia Capital and Matrix Partners. In July 2019, the OneScore mobile application was launched by the company to help customers manage and understand credit scores. FPL Tech was founded in September 2018.
16 December 2019
LIC waives of convenience fees on credit card transactions
Life Insurance Corporation (LIC) of India has waived of convenience fees on credit card transactions by policyholders in its bid to boost digital transactions.
If the policyholder uses their credit card to renew their policy, repayment of loan, loan interest, or make the payment of advance premium, the LIC will not charge any convenience fees on the transaction.
The insurance company said that all the digital collection will be free of charges. The initiative will allow the LIC customers to make online transactions in a seamless manner, fee of charges. The initiative came into effect from 1 December.
2 December 2019
Credit card dues increase by 24.4% compared to last year
As of 31 August 2019, credit card dues have increased by 24.4% and hit Rs.97,650 crore. Credit card dues were at Rs.78,499 crore at the same time last year. Credit card dues have risen despite the sluggish credit offtake and the slowdown in the economy.
According to the data provided by the Reserve Bank of India (RBI), credit card dues have increased by 71% when compared to 2017. In August 2017, the credit card dues were at Rs.57,100 crore. According to bankers, credit card growth has seen a decrease in the last 5 months. The usage of credit cards increased after November 2016’s demonetisation. During the five-month period that ended on 31 August 2019, credit card dues have increased by 10.6%. However, the increase in dues had reduced by 37.4% in the period that ended in August 2018. According to an analyst from an investment bank, credit cards are mainly used only at PoS terminals of establishments and shops. On the other hand, customers can use debit cards to withdraw cash in ATMs as well. For the month of August 2019, Rs.59,601 crore worth of credit card transactions were done at PoS terminals while cash withdrawals were at Rs.410 crore. According to the data provided by RBI, cash withdrawals using a debit card were at Rs.287,452 crore for the month of August 2019 and transactions at PoS terminals were at Rs.58,040 crore.
28 October 2019
Diwali offers on SBI credit cards
There bumper Diwali offers waiting for State Bank of India’s credit card customers. Numerous deals have been struck with leading brands for these special offers for customers. Branded as SBI’s India ka Diwali Offer, the topmost spender of the credit card wins a MakeMyTrip holiday worth Rs.1 lakh. There also hourly prizes, daily prizes, weekly prizes, and mega prizes. Some of the prizes include Rs.1000 gift voucher from Puma in the hourly category, Rs.7000 worth wireless headphones in the daily prize category, Rs.17,499 worth Mi A3 smartphone in the weekly category, etc. The bank has also partnered with Amazon during the Amazon Great Indian Festival Sale to offer its customers up to 10% instant discount on online shopping at the site. The Diwali bumper offer is available till 30 October 2019.
10 October 2019
RuPay credit cards to be launched by SBI Cards
Rupay credit cards will soon be launched by SBI Cards. It is a pioneer in the domestic credit card and debit card payment network. It is developed by the National Payment Corporation of India (NPCI) which operates settlement systems and retail payments. RuPay cards are currently accepted internationally in select countries such as the UAE, Bhutan, and Singapore.
In order to expand its acceptance internationally, RuPay is also tying up with the Japan Credit Bureau, Discover, and China Union Pay. A chatbot called ‘ILA’ which stands for Interactive Live Assistance. It was launched on the SBI Card mobile platform to enhance customer experience. It has more than 40 features which provides a host of self-service functionalities to customers. So far, 14 million queries have been resolved with 97%+ accuracy. SBI Card had a market share of 17.9% by the end of July with 90 lakh customers with an addition of 3 lakh cards every month since December 2018.
4 September 2019
Jharkhand Witnesses A Rise In Digital Transactions
The eastern state of Jharkhand is witnessing an impressive growth in the number of digital transactions that has increased by over 4 lakh in the past one year. As per a report of the State Level Bankers Committee (SLBC), by the end of December 2018, the number of net banking users went up to 24.37 lakh as compared to the 20.34 lakh at end of December 2017.
In terms of the number of net banking users, government banks are comfortably ahead of the private players in the state. One of the largest banks, the State Bank of India (SBI) boasts of as many as 14,96,934 net banking users and is followed by the Bank of India which has 2,89,461 users.
In terms of credit card, debit card, and ATM users, the number has grown from 1.54 crore to 2.12 crore from December 2017 to December 2018. It’s particularly impressive that the number of credit cards has gone up from 3.54 lakh to 4.12 lakh during the period.
The growth is a result of the intense promotion of digital payments by the Central government of the country and the banks.
11 March 2019
Rise In Credit And Debit Card Usage In Fun Categories
2018 has seen a sharp growth in digital transactions in the country as people are using different modes of digital payments like credit cards, debit cards, and mobile wallets for their daily expenditures. Among these, the use of debit and credit cards has been in the highest in the entertainment category.
In the entertainment category, movie theatres have witnessed the highest growth in transactions using these cards. The next in the line are liquor shops. However, there has been a drop in the use of cards in categories like apparel and accessory stores. Compared to the card transaction figures for the last year, there has been a growth of 76.66% in terms of volumes at movie theatres.
In terms of value, the growth is 75.56%. The use of credit cards has witnessed the highest growth in the category of tours and travels. In terms of volume, this has been a growth of 124% and in terms of value, it’s 245%. But since these are high value payments, the tours and travels category did not witness a high growth in debit card transactions.
24 December 2018
A Few Advantages Of Having A Store Credit Card
A store credit card, unlike a regular credit card, can be used only at a specific store or a set of retail chains. A store credit card, like a conventional credit card, carries a wide range of perks and benefits but you can only avail them when you use the card at their designated stores.
Here are a few advantages of using a store credit card
Discounts: A store credit card usually offers a large number of discounts on a regular basis. On certain occasions, the discounts may be as high as 50% of the selling price. From the card issuer’s perspective, this is a way to attract as many users as possible.
Reward points: Most store credit cards provide you reward points whenever you use them to make any purchase. Again the accrued points can be redeemed against a long list of options at the designated stores.
Sign-up benefits: Wherever you opt for a store credit card, you get a discount on all your purchases using the card. So if you are going for a high-value purchase using your newly acquired store credit card, you have the chance to save a lot of money on your purchase.
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I have Indusind Bank credit card which was taken through Online .I haven chosen this credit card since had the offer and also i thought this credit card is best .The credit limit was 50,000.There are movie ticket offers which is very good actually.I have not checked cash back offers as well as reward points .I am using this credit card for the past 2 months only.This was a free card and there is no grace time for credit card bill payment.
I am using HDFC BANK titanium credit card for more than 10 years. I have a credit limit of 2.3L now, I need to request the bank for limit enhancement every time, they will not offer it. I get cahsback on fuel. I can convert rewards points into form of cash or vouchers. It is a life time free credit card. Emi conversion options are less and there are some criteria to opt it . It is not easy to connect with the customer support executive.
I have SBI credit card which i am using for the past 4 months .I have not used and checked cash back offers as well reward points .I am satisfied with the credit limit and this credit card is a chargeable one .I have chosen this credit card since got the offer.I have not faced any difficulties so far on the usage.
I have applied a INDUSIND credit card which was applied through online. Bank said this is a free card, later i got a call from Bangalore they said annual charge is Rs. 1300. Documentation was simple, executive collected the documents and also i upload through online. Credit limit is Rs. 50k and the cash limit Rs. 10k and also they said limit can be increase upto Rs.1L during emergency situations.
I have Indusind Bank credit card which i am using for the past 3 to 4 months .The credit limit was ok and got the credit card on time without any delay .The credit card bill was paid and all the details was clearly shared by the agent. I am satisfied with the service so far.
I am using INDUSIND BANK credit card which was applied through online. I am not happy with the given credit limit Rs. 30k, need to increase my limit. This is a life time free card and also i can convert my reward points into form of cash. Customer support is good and also their mobile application was good.
I have canara bank credit card which was availed through bank.This credit card is with me for the past 1 month and this was a chargeable card .This credit was suggested by my friend only .I have not used the credit card so far .The process was smooth when applied for this card .
I applied for Indusind bank credit card through online as it is a life time free credit card. The process was easy. Bank offered me with the credit limit of 75K, which is not sufficient. I expected more limit. customer service response is good.
I am using Ratnakar Bank credit card which was availed through Bank.I am using this credit card for the past 3 months only. This was a chargeable card and i am planning to close this credit card.There are more hidden charges on this credit card .Bank offered me 2 lakh credit limit and i have availed 80000 only.
I am using KOTAK MAHINDRA credit card more than 10 years. Earlier my credit limit was Rs.30k, after that they increased as Rs. 1.05L with the same card number. I have an add on card also, annual charges for this card is Rs. 999 and i am getting wavier for fuel and cash back from last 3 years. Customer service was good.
I have HDFC Bank credit card which was taken through Bank.I am using this credit card for the past 2 years ,This was a life time free card ,There are good reward points on this credit card ,Other than that everything was good on this credit card .I am really satisfied with the service so far.
I am using ICICI bank credit card which was availed through bank only.I am using this credit card almost 2 years and this was a chargeable credit card.This credit card is having very less credit limit only.I have got this credit card without any delay .There was no difficulties faced so far ,i am using coral card.
I am using RBL credit card for the past 3 years and i got a offer, so i applied this card. Annual charge is Rs. 999 and there is much cash back offer and also i can redeem Rs. 5k. Reward points can be convert into cash back and the credit limit is good Rs. 1.61L. Customer service was good.
I am using SBI credit card which was availed through online .Every features are best along with customer service.The credit limit was more than enough ,This was a chargeable card and got a gift voucher of Rs.500.There are very useful cash back offers as well as reward points .I have submitted the documents through the agent .I am using this credit card for the past 2 months and i am fully satisfied with the service.
I have Indusind Bank credit card which was taken through Online .I have fuel benefits ,there are cash back offers as well as reward points .The credit limit was ok ,This was a life time free card. The card process was clearly shared by the agent .I am totally comfortable with the credit card service.
Got my credit card from Kotak Mahindra bank and i didn't apply the card from my end. I have a account with Kotak Mahindra hence based on my eligibility they have contacted me. I have got the limit of Rs. 25000 and I'm fine with that. I am not checking any offers on this card. There is a annual fee of Rs. 199.
I have ICICI Bank credit card which was taken through Bank directly.I am using this credit card for the past 5 to 6mmonths .This was a platinum card having fuel benefits as well as movie ticket offers .I have not faced any difficulties so far on using this credit card .I am satisfied with the service .
I have SBI credit card which was taken through Online.I am using this credit card since service is good ,There are more cash back offers that is the best thing on this credit card .The credit limit was pretty sufficient and without any delay got this credit card .I am getting fuel benefits and using for the past 2 months .I have not got any information about the offers of the card but anyway I did not find offers since my usage is less.
I have HDFC Bank credit card which was taken through Bank directly .I am using this credit card for the past 10 years .There are cash back offers as well as reward points ,The credit limit was satisfied and only using for emergency purpose. The process was very smooth and satisfactory.
I am using ICICI credit card for past 1.5 years. I get rewards points on all purchase, fuel surcharges are not waived off. I have a credit limit of Rs.15,000 which is okay. Customer service and mobile application are very helpful. Even my payments getting updated instantly.
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