Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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    Best Credit Cards in India 2017

    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.

    Best Credit Cards for November 2017

    Compare Best Credit Cards in India

    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.

    1. IndianOil Citi Platinum Card
    2. Standard Chartered SuperValue Titanium Credit Card
    3. Yatra SBI Credit Card
    4. The Jet Airways American Express Platinum Credit Card
    5. HSBC Visa Platinum Card
    6. Citi Cashback Card
    7. HDFC Bank Diners Club Black Card
    8. IndusInd Bank Platinum Card
    9. Axis Bank Neo Credit Card
    10. Kotak PVR Gold Credit Card

    Fee & Charges for Best Credit Cards in India

    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.
    Standard Chartered Super Value Titanium Credit Card Rs.499 Rs.750
    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

    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.

    Some of the best credit cards for salaried individuals in India, are as follows -

    1. Citibank Cashback Credit Card
    2. Standard Chartered Manhattan Platinum Credit Card
    3. ICICI Instant Platinum Credit Card
    4. SBI Simply Click Credit Card
    5. ICICI Instant Platinum Credit Card
    6. HSBC Visa Platinum Card
    7. HSBC Premier MasterCard Credit Card
    8. ICICI HPCL Coral Credit Card
    9. Axis Bank Platinum Credit Card
    10. HDFC Diners Premium Credit Card

    Top 10 Credit Cards in India – Card wise 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.

    Standard Chartered SuperValue Titanium Credit Card

    Use this card if you want to save money on telephone and fuel bills.

    Benefits of Standard Chartered SuperValue Titanium Credit Card:

    • Avail 5% (up to Rs.200 per month) cashback on fuel purchased at any petrol pump in India.
    • Avail 1% fuel surcharge reversal at petrol pumps.
    • Avail 5% cashback on telephone, electricity, water and gas bills paid using this card.
    • Earn 1 Reward Point on every Rs.100 spent on other categories.

    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.

    Jet Airways American Express Platinum 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

    • Avail 10,000 Bonus JPMiles and a 1-way Jet Airways domestic flight ticket with the base fare waived as welcome gift.
    • Enjoy complimentary access to airport lounges in 11 cities of India.
    • Avail 3% cashback on fuel purchases in India.
    • Avail Preferred Hotels & Resorts free iPrefer Elite Tier membership.
    • Enjoy 24x7 Platinum Concierge Service.
    • Earn 8 JPMiles on every Rs.150 spent. This benefit is not applicable on fuel, insurance, cash and utility transactions.
    • Earn 16 JPMiles on every Rs.150 spent on booking tickets on the website of Jet Airways.
    • Earn up to 20 Bonus JPMiles on every Rs.100 spend under the EXTRA JPMiles Program.
    • Enjoy zero lost card liability.

    SBC 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 SBC 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 3x Rewards on hotel, dining and telecom spends for the initial 12 months.
    • 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.

    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.
    • Enjoy zero lost card liability.
    • No annual fee is charged for the first year.

    Kotak PVR Gold 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

    • 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.

    News About Credit Cards

    • Indians are more inclined towards digital payment solutions: Study

      In a study conducted by Global payment solutions company, Visa, in collaboration with YouGov, it was found that Indian consumers are not hesitant to adopt new forms of digital payment solutions as long as they are safe, convenient and efficient.

      The study was conducted to know the pulse of Indian consumers and their views about digital payment systems and the country’s transition towards digital economy.

      Of the total people surveyed, 78% expressed their inclination towards new forms of payments. 87% stated ease of transition is the main factor that encourages them to use new type of digital payments.

      Indian is slowing moving towards contactless payment technology, IoT, simplified and faster e-commerce experience, which define the next wave of future payment solutions.

      While people prefer new payment solutions, it was also found that they give more importance to security of their transactions. Almost 80% of the surveyed think about security than convenience while using digital payment modes or making online payments. The opinion has been found similar across ages, gender, income, and education levels.

      For the Indian consumers to move away from cash based transactions, convenience, efficiency and speed of transaction offered by digital payment modes are the main reasons, found the study.

      Other key findings about the barriers to digital transactions include - merchants accepting only cash, as expressed by 41% people, concerns about security of digital payments, said 39%, and another 52% find modes of payments as key barriers.

      Conducted across three countries – Sri Lanka, India and Bangladesh, the study also found that millennials are more likely to do digital payments on a daily basis for shopping at supermarkets, departmental stores, fast food centres, online, and for cab services.

      People from the higher income group are found to embrace digital payment solutions compared to other groups.

      The cash usage, as per the study, was marginally declined from 33% in 2016 to 31% this year and is projected to come down to 25% over the next 12 months.

      Card usage and other digital payment methods continue to rise with the current year recording 36% compared to the previous year’s 34%. It is expected to touch 39% in the next 12 months.

      16th November 2017

    • Credit card usage hits record high in India

      The quantum of credit card-users in circulation in India has hit an all-time record, with an increasing proportion of the population using plastic money instead of hard cash.

      According to the Reserve Bank of India (RBI), around 29.8 million credit cards have been issued. This figure is true as of March 31, 2017, and is a significant increase to the the previous high of 28 million cards, the figure achieved in March 2008.

      The increasing percentage of defaults during 2007-2008 caused a fall in credit card users in India. Post the 2008 economic slowdown, the number further fell to 17.65 million, the number in March 2012. However, since then, credit card usage has seen a rise, and not just in numbers. Values of transactions has shot up correspondingly. By the end of March 31, 2017, spending via credit card was found to be Rs33,619.6 crore which is a 275% jump over Rs.8,958 crore, the figure in March 2012, as per RBI data. This is an indicator that credit card holders are now more inclined to actually use them, something of a rarity in the past.

      Reasons for the growth are several – including an increased comfort-level Indian banks have in issuing credit cards to customers due to easily accessible credit scores from firms like CIBIL. Credit scores indicate the borrower's’ financial discipline and possibility of defaulting. Moreover, banks these days have limited issuing cards to their own customers, which keeps them better informed and secure.

      What’s helping the most is the e-commerce boom the country is experiencing. With more people shopping online today, usage of digital payments - including credit cards – is now more popular than ever. Add to that the various offers on credit cards which make them all the more lucrative – due to cash-backs and reward programs and credit cards are emerging as a preferred instrument of making payments online. With this boom in people becoming increasingly comfortable spending online, e-payments are estimated to grow by 10 times to $500 billion by 2020, according to a Google-BCG report.

      12th June 2017

    • Things to consider while using a credit card

      A credit card is an interesting tool that lets the owner handle and manage regular as well as sudden financial crisis. Currently, the credit cards offer more than the credit itself, factors such as rewards, cashback, discounts, etc. play a vital role in the rise of credit card usage. However, a credit card can become difficult if you are not using it in the right way. If you are a credit card owner, you need to make sure that you are making timely payments to avoid late payment fees and associated interest charges. It is also advisable not to exhaust all your credit as it will reflect poorly on your credit score. You can use any credit card to withdraw cash, however, it will attract cash advance fee and a higher interest rate that could affect your repayment capability. If your credit card offers rewards, you also need to ensure that you redeem the rewards before they expire. There are many more important aspects to safe usage of credit cards that you can follow to make the most out of your credit card.

      6th April 2017

    • Credit card trends in 2017

      Since demonetization, the Indian economy has found various ways to carry out cashless transactions. The government has introduced alternatives to cash through Unified Payments Interface (UPI), Unstructured Supplementary Service Data (USSD), Aadhaar Enabled Payment System (AEPS), digital wallets and more. After demonetization, India has witnessed an increase in the number of people using their debit and credit cards for transactions. The banks provide many types of credit cards offering cashback and benefits that have enabled individuals to prefer their credit card over cash and other modes of payments. The rise in usage of credit cards has brought forwards many interesting opportunities for the banks and exciting offers for the credit card owners.

      09 March 2017

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