Credit cards are an excellent method to get rewards points, increase credit and also manage your finances. With so many credit cards on the market, it’s difficult to decide which one is right for you. This article will take review the 10 most desirable credit cards available in India in 2023.
We’ve looked over a variety of credit cards in order to determine the top ones to suit Indian customers. If you’re in search of cards that have low-interest rates as well as great rewards or one with a low annual cost We’ve got you covered.
Different Types of Credit Cards
There are a variety of different kinds of credit cards that are available in India. The most commonly used types of credit cards are reward cards with cash-back as well as travel credit cards. Visa, Mastercard, Express, and American Express are the most popular type of credit cards available in India.
Cash back cards provide cardholders with an amount of cash back for purchases. Rewards cards give cardholders points that can be exchanged to earn rewards like travel or other merchandise. Travel cards give cardholders advantages like free travel insurance as well as discounts on travel expenses.
The ideal option for you is contingent on your personal preferences and habits of spending. If you frequently travel and frequently, a travel credit card could be the best choice for you. If you are a frequent spender of money on food Cash back cards are a great alternative for you. If you are looking to earn reward points, a rewards card could be an ideal choice for you.
1. HDFC’s MoneyBack credit card – Ideal for newcomers
The HDFC MoneyBack credit card is an excellent choice for those who are brand new to credit cards. It comes with a modest annual cost of Rs. 499 and credit limits of up to 1 lakh.
This card also provides cashback on purchases made every day like groceries, fuel, or utility charges. You could earn up to 5 percent cash back on these purchases.
- 1% Fuel Surcharge waiver on fuel transactions (Minimum transaction of ₹400, Maximum transaction of ₹5,000 & Maximum waiver of ₹250 per statement cycle)
- Earn 2X Reward Points i.e. 4 Reward Points on every Rs. 150 spent online.
- Every quarter, get a gift voucher worth Rs. 500 on spends of Rs 50,000. Earn up to Rs. 2,000 worth of gift vouchers in a year
HDFC Bank MoneyBack Credit Card Eligibility:
For Salaried Indian national
- Age: Min 21 yrs & Max 60 Yrs,
- Gross Monthly Income> ₹25,000
For Self Employed Indian national
- Age: Min 21 yrs & Max 65 Yrs,
- Income: ITR > ₹6.0 Lakhs per annum
- Joining/Renewal Membership Fee – Rs. 500/- + Applicable Taxes
If you’re looking for an account with low-interest rates and excellent rewards HDFC’s MoneyBack credit card is the best choice for you.
2. HDFC Diners Club Black Card – best credit card with premium features
HDFC Diners Club Black is one of the most credit cards for premium customers in India that provides a wide array of features and benefits. The card offers many benefits like unlimited access to lounges at airports as well as complimentary golf and a 24-hour concierge service and more.
The card also provides an array of cashback rewards and rewards. You can earn up to 5 percent cashback on your dining out and shopping, travel and even fuel. Additionally, you can earn reward points that are accelerated on all your purchases. It provides one of the cheapest foreign exchange rates. 2% on all your foreign currency spends.
- Complimentary Annual memberships of Club Marriott, Forbes, Amazon Prime, Dineout Passport, MMT BLACK and Times Prime
- Complimentary Ola cabs | cult.fit Live | BookMyShow | TataCliQ vouchers on spends of over Rs. 80,000 every month
- 5 Reward Points for every Rs 150 spent
- Up to 10X Reward Points via SmartBuy and 2X on weekend dining
- Complimentary Golf games across the finest courses in the world ( 6 per quarter)
HDFC Bank Diners Club Black Credit Card Eligibility:
For Salaried Indian national
- Age Min 21 yrs & Max 60 yrs
- Income: Net Monthly Income > Rs 1.75 Lakhs per month
For Self Employed Indian national
- Age: Min 21 yrs & Max 65 yrs
- Income: ITR > Rs 21 Lakhs per annum for self-employed customers
- Joining/Renewal Membership Fee – Rs. 10,000/- plus Applicable Taxes
If you’re in search of an excellent credit card with numerous benefits and options and benefits, you’ll find that HDFC Diners Club Black is the best choice for you.
3. IndusInd Bank Pioneer Legacy card – best no-annual-cost credit card
It is the IndusInd Bank Pioneer Legacy card is one of the top credit cards available in India for those seeking a no-annual-fee card. The card comes with a variety of advantages, such as cashback at 5% on all purchases, free access to airport lounges and a fuel surcharge reduction. The card also has many other benefits like EMI conversion or balance transfer as well as contactless payment.
|For weekday spends||₹ 100 spent = 1 reward point|
|For weekend spends||₹ 100 spent = 2 reward points|
4. SBI Card PRIME – best lifestyle credit card
If you’re looking for a credit card that provides excellent rewards and benefits, you should consider the SBI Card PRIME could be the ideal option for you. This card is many benefits which include discounts on travel, dining and entertainment.
This SBI Card PRIME also offers special privileges like access to airport lounges, complimentary golf courses, and more. If you’re frequent travelers the card can assist you in saving a significant amount of money on travel costs.
For rewards in terms of rewards, in terms of rewards, the SBI Card PRIME offers 5 percent cash back on any spend in restaurants, movie tickets as well as shopping. The card also provides cashback of 2% on all online purchases. Additionally, you can earn cashback of 1% on other purchases.
SBI Card PRIME SBI Card PRIME has an annual cost of Rs. 4999 and an annual interest of 3.5 percent per annum. There is no fee for joining with this particular card.
5. ICICI Bank Business Advantage Black card – best business credit card
The ICICI Business Advantage Black card is among the top business credit cards available in India. It comes with a variety of benefits and features which can aid in running your business with ease.
Some of the most important advantages of this card include cash back for business-related expenses a waiver of fuel surcharges and free access to lounges at airports. Additionally, it comes with greater credit limits and low-interest costs, which makes it an excellent option for companies with large expenditure requirements.
- Joining fee: Rs 1,500 + GST
- Annual fee: Rs 1,000 + GST
If you’re looking for a credit card for business that can provide you with an advantage over your competitors, then the ICICI Business Advantage Black card is an option you should think about.
6. SBI Student Plus Advantage credit card – best for students
It is the SBI Student Plus Advantage credit card is the top credit card available to students from India. It comes with a variety of advantages, such as cashback of 5% on all online purchases as well as a fuel surcharge waiver and discounts on tickets to movies and other purchases. It also has the lowest annual cost of Rs. 499, which makes it a budget-friendly alternative for students.
7. Kotak Mahindra Essentia Platinum card – best for grocery shopping
The Kotak Mahindra Essentia Platinum card is among the top credit cards available in India to shop for groceries. It gives you 5 percent cash back on all purchases with a maximum of 1,000 rupees per month. 1,000 per month.
Kotak Mahindra Essentia Platinum card Eligibility Criteria:
A person needs to meet the below criteria to be eligible for the Card:
- Primary cardholders should be in the age bracket of 21 – 65 years. Add-on cardholder should be 18 years or above
- The card is available only in the following locations – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune
- The person should be a resident of India
10% Savings on Departmental & Grocery Store spends
- Essentia gives you 10 Saving Points for every Rs. 100 you spend at Departmental & Grocery Stores.
- 1 Saving Point = Re. 1
- Minimum transaction size: Rs. 1500
- Maximum transaction size: Rs. 4000
- Maximum Saving Points for a month – 500 valued at Rs. 500
- Joining Fees: Rs. 1499
- Annual Fees: Rs. 749
The card also has numerous additional benefits, including the waiver of fuel surcharges, zero percent cost of EMIs for 3 months and many more. If you’re a frequent grocery or hypermarket shopper then this is the card that is right for you.
8. Axis Pride Signature – best credit card for NRIs
If you’re an NRI seeking a credit card with excellent benefits and features you’ll find that you should consider the Axis Pride Signature credit card as the best option for you. With this card, you’ll be able to take advantage of a myriad of benefits like the ability to make international payments for free, no foreign currency markup charges and more.
It is worth noting that the Axis Pride Signature credit card also offers a variety of perks and rewards which make it the ideal option for NRIs. On the card, you’ll get 2 reward points every 200 rupees. 200 spent on shopping. Additionally, you can get access to a complimentary lounge at the airport and a fuel surcharge waiver.
Axis Pride Signature Credit Card Eligibility:
Individuals eligible for Axis Bank Pride Signature Credit Card:
- Indian Defence personnel
- Primary cardholders between the age of 18 years and 70 years
- Add-on cardholder should be over 18 years
- The individual should either be a Resident of India or Non-Resident Indian
- 1st Year: Nil
- 2nd Year onwards: Rs. 500 (Waived on spends of Rs.40,000 in the preceding year
These criteria are only indicative. The bank reserves the right to approve or decline applications for credit cards.
If you’re an NRI seeking a credit card with excellent value and great value, it is this Axis Pride Signature credit card is the ideal option for you.
9. American Express Platinum Travel credit card – the best credit card for travel
It is the American Express Platinum Travel credit card is among the top travel credit cards available in India. It offers a variety of advantages, such as a cashback of 5% on all purchases of fuel as well as 4percent cashback on all international purchases and a cashback of 3% on dining-out purchases.
The card comes with an invitation to join the American Express Platinum Club which provides access to numerous advantages and privileges.
If you’re an avid traveler and frequent traveler, then you’ll find that the American Express Platinum Travel credit card is the best option for you. This card grants you access to a variety of benefits and rewards related to travel which can aid you in saving money when you travel.
- First-year fee: Rs. 3,500 plus applicable taxes.
- Second year onwards: Rs. 5,000 plus applicable taxes.
Reward Earn Rate:
- Earn 1 Membership Rewards® Point for every2 Rs. 50 spent except for spending on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at Point of Sale2.
Get the American Express Platinum Travel credit card today to enjoy all the advantages it can offer!
10. Standard Chartered DigiSmart – best credit card for online shopping
If you’re looking for an online credit card that can offer fantastic rewards when you shop online and online shopping, then the Standard Chartered DigiSmart credit card can be a good choice. The card gives 5 percent cashback on all online purchases, and there’s no limit on how much cashback you earn. Also, you get a cashback of 1% on other purchases.
Is Standard Chartered DigiSmart credit card is also accompanied by a variety of additional benefits including discount tickets to movies and free tickets to popular eateries. There is an annual cost of Rs. 500, but it is not charged in the initial year. In the end, it’s an excellent choice for those who frequently shop online.
Benefits of having the Best credit card
There are numerous benefits to having a high-quality credit card from India. One of the most significant advantages is the fact that you gain access to lots of discounts and deals. The best credit cards offer a variety of benefits, including cashback, freebies and other benefits. When you get a top credit card, you also have the option of an increased credit limit which is useful in times of emergency. Another advantage of having a high-quality credit card is that you will receive a discount at many hotels, restaurants, as well as other places.
- Simple shopping process
There are numerous reasons to believe that the simple shopping process is the most popular credit card to use in India. First, it’s a very easy and simple procedure. You just need to visit the internet and complete the application. There is no requirement to go through a lengthy approval procedure.
Another reason that the simple shopping process is the top credit card to use in India is the fact that it has an extremely low-interest rate. This means you’ll not be required to pay lots of money in interest costs if you have an unpaid balance on your credit card.
The simple shopping process has numerous amazing advantages and features. It offers, for instance, cash-back on all purchases as well as a rewards program that allows users to earn points for every purchase they make.
- Cash is not required
Credit cards are an excellent method to pay for your purchases and to avoid having to carry cash. There are a variety of credit cards to choose from and each one has distinct advantages and characteristics.
One of the top credit cards available in India can be one called the SBI Card Elite. The card provides a broad array of benefits. These include the possibility of 5% cashback on any purchase, with no annual fee, as well as an initial gift with 10,000 points.
Another excellent credit card available that is available in India can be one called the HDFC Bank Diners Club Black Credit Card. The card comes with exclusive benefits like unlimited access to lounges, 24/7 concierge service, as well as up to 10% cashback on any purchase.
Both credit cards offer distinct advantages that help them differ in comparison to another credit card. If you’re in search of a credit card with amazing rewards and benefits one of these cards could be a fantastic option.
- Bonuses, offers and cashback
There are a lot of benefits to having a top credit card. Earn Reward Points that you spend with the card. The points can be used for a range of services and products. Additionally, you can gain use of airport lounges and free golf tournaments, and much more.
Credit Card has many benefits for travel. You can decide to pay the entire amount or transform it into EMIs. It is also possible to set up auto payments in order to avoid late payments.
- Rapid withdrawal of funds
Credit cards are the convenience of being quick and easy to withdraw money out of your bank account. Cash can typically be withdrawn from any ATM in the event that it’s connected to the card’s network.
Credit cards are also an opportunity to establish your credit history. If you make use of your credit card in a responsible manner and pay your bills punctually, you will enhance your credit rating. This could allow you to get better rates of interest on loans and other financial products in the near future.
Credit cards can give you reward points that can be used for purchases, travel or cash or cash back. Some credit cards also offer welcome bonuses that provide you with an early start in earning rewards.
In addition, credit cards provide protection from theft and fraud. If your credit card is damaged or lost, you are able to inform the card issuer, and they’ll arrange for a replacement card to be issued to you. You are not responsible for any charges that are not authorized by your bank account.
Overall, credit cards have many advantages and are useful in managing your financial situation.
- Respond to emergencies
SBI Card This card is perfect for those who wish to be able to handle situations of crisis. It comes with a variety of benefits and features which make it a great choice for those located in India.
HDFC Bank Diners Club Black Card is perfect for those looking for an extensive credit card that comes with an array of advantages and features. It is among the most well-known credit cards available in India and provides excellent value for money.
Citibank World MasterCard – This card is perfect for those who require a card that has a broad range of benefits and features. It’s one of the most sought-after credit cards available in India and provides great value for your money.
In India, the market for credit cards is growing rapidly with numerous options and services. It’s difficult to pick the right one for your needs if you aren’t aware of the various choices. To make it easier for you we’ve created our top list of credit cards available in India. I hope this will help you to choose the perfect credit card as per your requirement.