Best Credit Card to Use in India

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Credit cards are becoming increasingly popular in India, with more and more people opting for them over traditional payment methods. However, with so many options available in the market, choosing the right credit card can be a daunting task. In this article, we will discuss the best credit cards to use in India, based on their benefits, rewards, fees, and other features.

Credit cards are payment cards that allow you to borrow money from a bank or financial institution to make purchases or pay bills. You can use a credit card for online shopping, booking travel tickets, paying bills, and much more. In India, there are many credit cards available in the market, each with its own benefits and features.

2. Types of Credit Cards in India

There are several types of credit cards available in India, including:

  • Reward credit cards
  • Cashback credit cards
  • Travel credit cards
  • Lifestyle credit cards
  • Business credit cards

Each type of credit card is designed to cater to a specific set of needs and preferences. For example, reward credit cards offer reward points for every purchase made using the card, which can be redeemed for various rewards such as gift vouchers, merchandise, or cashback.

3. Benefits of Using a Credit Card

Using a credit card has several benefits, including:

  • Convenience: Credit cards are accepted by most merchants, making them a convenient payment method for everyday purchases.
  • Cashback and rewards: Credit cards offer various rewards and cashback programs, which can help you save money on your purchases.
  • Improved credit score: Using a credit card responsibly and making timely payments can improve your credit score, making it easier to get loans or other credit products in the future.
  • Fraud protection: Credit cards come with fraud protection features that can help protect you against fraudulent transactions.
  • EMI options: Many credit cards offer EMI options, which allow you to convert your purchases into easy monthly installments.

4. Factors to Consider When Choosing a Credit Card

When choosing a credit card in India, there are several factors you should consider, including:

  • Rewards and benefits: Look for a credit card that offers rewards and benefits that match your spending habits and lifestyle.
  • Annual fees: Consider the annual fees associated with the credit card and whether they are worth the benefits offered.
  • Interest rates: Check the interest rates charged on the card, especially if you plan to carry a balance.
  • Credit limit: Make sure the credit limit offered on the card is sufficient for your needs.
  • Eligibility requirements: Check the eligibility requirements for the card, including income, credit score, and other factors.

5. Best Credit Cards To Use in India

Here are some of the best credit cards to use in India, based on their benefits, rewards, fees, and other features:

1. HDFC Bank Regalia Credit Card

  • Reward points: 4 reward points for every Rs.150 spent
  • Travel benefits: Complimentary airport lounge access, travel insurance, and more

2. American Express Membership Rewards Credit Card

  • Reward points: 1 Membership Reward point for every Rs.50 spent
  • Welcome bonus: 2,000 bonus Membership Reward points on the first transaction within 90 days of card issuance
  • Dining benefits: Up to 20% discount at select restaurants
  • Annual fee: Rs.1,000 (waived off on spending Rs.15,000 or more in the previous year)

3. SBI Card Elite

  • Reward points: 2 reward points for every Rs.100 spent
  • Travel benefits: Complimentary airport lounge access, travel insurance, and up to 5x reward points on dining and international spends
  • Welcome gift: 5,000 reward points and e-gift voucher worth Rs.5,000 on joining
  • Annual fee: Rs.4,999 (waived off on spending Rs.10 lakh or more in the previous year)

4. ICICI Bank Sapphiro Credit Card

  • Reward points: 2 reward points for every Rs.100 spent
  • Travel benefits: Complimentary airport lounge access, travel insurance, and up to 6x reward points on international spends
  • Dining benefits: Up to 15% discount at select restaurants
  • Welcome gift: 10,000 bonus reward points on joining
  • Annual fee: Rs.3,500 (waived off on spending Rs.6 lakh or more in the previous year)

5. Citi Rewards Credit Card

  • Reward points: 1 reward point for every Rs.125 spent
  • Dining benefits: Up to 15% discount at select restaurants
  • Welcome gift: 1,500 reward points on joining
  • Annual fee: Rs.1,000 (waived off on spending Rs.30,000 or more in the previous year)

6. Axis Bank Buzz Credit Card

  • Reward points: 2 reward points for every Rs.200 spent
  • Online shopping benefits: 5% discount on Flipkart and select online merchants
  • Welcome gift: Rs.1,000 Flipkart voucher on joining
  • Annual fee: Rs.750 (waived off on spending Rs.1 lakh or more in the previous year)

7. Standard Chartered Super Value Titanium Credit Card

  • Cashback: 5% cashback on fuel spends and utility bill payments
  • Dining benefits: Up to 15% discount at select restaurants
  • Welcome gift: Rs.500 cashback on joining
  • Annual fee: Rs.750 (waived off on spending Rs.60,000 or more in the previous year)

8. Amazon Pay ICICI Bank Credit Card

  • Reward points: 1% reward points on all purchases (except fuel)
  • Amazon benefits: 5% reward points on Amazon purchases, no cost EMI, and exclusive offers
  • Welcome gift: Rs.750 Amazon voucher on joining
  • Annual fee: None

6. Conclusion

Choosing the best credit card in India requires careful consideration of various factors such as rewards, fees, benefits, and eligibility requirements. The HDFC Bank Regalia Credit Card, American Express Membership Rewards Credit Card, SBI Card Elite, ICICI Bank Sapphiro Credit Card, Citi Rewards Credit Card, Axis Bank Buzz Credit Card, Standard Chartered Super Value Titanium Credit Card, and Amazon Pay ICICI Bank Credit Card are some of the best credit cards to use in India, each with its own unique set of benefits and features.

7. FAQs

  1. How do I apply for a credit card in India?

You can apply for a credit card online or by visiting a bank branch. You will need to provide personal and financial information and may need to undergo a credit check.

  1. What is the minimum age requirement to apply for a credit card in India?
  • The minimum age requirement is 18 years old.
  1. Can I use my credit card for international transactions?
  • Yes, most credit cards can be used for international transactions, but you may need to inform your bank beforehand and check for any additional fees or charges.
  1. How do I earn reward points on my credit card?
  • Reward points are earned by using your credit card for eligible purchases. Each credit card has its own reward point system, so make sure to check the terms and conditions.
  1. How do I redeem my reward points?
  • Redemption options may vary depending on the credit card, but most allow you to redeem your reward points for cashback, merchandise, travel, or other rewards. Check the credit card’s website or customer service for more information.