10 Best Credit Cards in India 20219 min read

10-Best-Credit-Cards-In-India-2021
10 Best Credit Cards In India 2021

Are you searching for credit cards? If yes, you are in the right place to get your question solved. It’s a very crucial task to select the best credit card. Nowadays, everyone like you and me, need a credit card for various purposes on both online shopping and offline shopping to avail some discount. We use a credit card not only to avail of some discounts but also to buy some of our daily life goods because many famous websites accept only credit cards as the mode of payment. In this article, we’ll be discussing the 10 Best Credit Cards in India 2021 and how to avail them. Let’s get started.

What is credit cards?

A credit card is a rectangular shaped card issued by a financial institution, typically a bank or a financial service company, to persons like you and me that enables us to borrow funds from that financial institution with which we can make payments to buy certain goods and services. Cardholders like you and me have to pay the borrowed money with applicable interest decided by the institution’s service terms.

A financial institution issues the following variety of credit cards:

Premium Cards: A premium card offers perks such as concierge services, special event access, airport lounge access and so on.

Standard Cards: A standard card simply extends a line of credit for making purchases, balance transfers and so on.

Reward Cards: A reward card offers cashback travel points and other benefits to the cardholders.

Balance Transfer Cards: A card specially designed to transfer the balance from one credit card to another. As this type of card is only used for transferring the balance, it has a low introductory interest rate.

Secured Credit Cards: A cardholder has to make an initial cash deposit to avail of this type of card.

Charge Cards: A type of card that has no present spending limit.

Why should you choose the best credit card?

The answer to this question is quite simple. It is very important to choose the best credit card otherwise you may lose many benefits provided with a credit card. You must opt for a credit card after comparing it with the different cards offered by various financial institutions.

We have listed a group of 10 Best Credit Cards in India 2021 with joining fees, annual fees and benefits.

10 Best Credit Cards in India 2021

Credit CardsJoining FeesAnnual Fees
HSBC Visa Platinum CardNILNIL
Kotak PVR Gold Credit CardNILRs. 499
Standard Chartered Platinum Rewards Credit CardRs. 250
HDFC Freedom Credit CardRs. 500
Axis Bank Neo Credit CardRs. 250Rs. 250
RBL Shoprite Credit CardRs. 500
Yatra SBI Credit CardRs. 499Rs. 499
Induslnd Bank Platinum CardRs. 3,000NIL
Indian Oil Citi Credit CardRs. 1,000
YES Prosperity Edge Credit CardRs. 1,199

10 Best Credit Cards in India 2021 – Features & Benefits

HSBC Visa Platinum Card

HSBC Visa Platinum Card is offered by HSBC Bank. This credit card is preferred by many people as it has endless rewards. Cardholders like you and me can avail of cashback, reward points, discounts and many more with this credit card.

Benefits of HSBC Visa Platinum Card

  • You can avail 10% caskback on all spends during the first 60 days. You can avail a maximum cashback of Rs. 2000.
  • You can earn 2 points on every Rs. 150 spent using this credit card.
  • You can get a welcome benefit up to Rs. 2250 with 3 complimentary airport lounge access (at both domenstic and international) or 3 AirDine (meal) vouchers.
  • Also save up to Rs. 3000 annually on fuel surcharge.
  • you can also book 2 movie tickets and get 1 of them fress when you book tickets via the BookMyShow mobile app. Please note that the maximum price of your free ticket is capped at Rs. 250.
  • Spend atleast Rs. 4,00,000 in a year and earn 5X rewards on all the successive transactions.
  • Also enjoy discounts on dining under HSBC Dining Priviledge.
  • Zero joining fees and zero annual fees.
  • Best for Travel, Dining & Movies.

HSBC Visa Platinum Card eligility criteria

  • You must be aged between 18 to 65 years.
  • Your minimum annual income must be Rs. 4,00,000 (for salaried individuals.

Kotak PVR Gold Credit Card

This Kotak PVR Gold Credit Card has been exclusively designed for movie buffs, offered by Kotak Mahindra Bank in partnership with PVR Cinemas.

Benefits of Kotak PVR Gold Credit Card

  • Get 1 free PVR movie ticket every month when you spend Rs. 10000 or above in a month.
  • Get 2 free PVR movie tickets every month when you spend Rs. 15,000 or above in a month.
  • Get 15% cashback on food and beverages at PVR.
  • Also get 5% cashback on movie tickets at PVR Box Office.
  • No joining fees for the first year.

Standard Chartered Platinum Rewards Credit Card

This card helps you save money every time on dining. This card is offered by Standard Chartered Bank.

Benefits of Standard Chartered Platinum Rewards Credit Card

  • Get 5X reward points for every Rs. 150 spent at fine-dining outlets.
  • Get 5X reward points for every Rs. 150 spent on fuel.
  • Also get 1X reward points for every Rs. 150 spent on other categories.

HDFC Freedom Credit Card

This card is offered by HDFC Bank.

Benefits of HDFC Freedom Credit Card

  • Get 500 reward points as your welcome benefit.
  • Get 5X reward points on everything from movie, grocery, taxi booking, dining and railway.
  • Get 10X reward points on your SmartBUY and PayZapp purchase.
  • Get 25X reward points on spends made on your birthday.
  • Also get a gift voucher wirth Rs. 1,000 when you spend Rs. 90,000 in a year.
  • Enjoy an interest free period of up to 50 days.
  • Also get renewal bonus of 500 points when you pay your renewal fees.
  • Also earn 1 reward point on every Rs. 150 spent.

Axis Bank Neo Credit Card

Do you love shopping? If yes, this card can be best for you. It offers some of the best shopping, dining and entertainment benefits in India. Besides this, you can also earn reward points on your EMI spending.

Benefits of Axis Bank Neo Credit Card

  • Get 1 reward point for every Rs. 200 spent.
  • Get up to 40% off on your orders you made on Zomato.
  • Get 5% off on your utility bills paid via Paytm.
  • Also get 10% off on every movie ticket you buy via BookMyShow.

RBL Shoprite Credit Card

Did you know, If you shop using this card, you can earn reward points and redeem them for the products on the bank’s catalogue? With this card, you can. This card is offered by RBL Bank.

Benefits of RBL Shoprite Credit Card

  • Get 10 reward points for every Rs. 100 spend on fuel.
  • Get 1 reward point for every Rs. 100 that you spend on all your purchases (except fuel).
  • Get 20 reward points for every Rs. 100 spent for grocery shopping.

Yatra SBI Credit Card

Do you love to travel? If yes, this card can be best for you. The State Bank of India (SBI) partnered with Yatra, offered Yatra SBI Credit Card. It offers a great deal on both domestic and international travel. Apart from these, it offers multiple benefits in store.

Benefits of Yatra SBI Credit Card

  • Get 1 reward point on every Rs.100 on retail store.
  • Get Rs.8,250 from Yatra as a welcome gift voucher.
  • Spend up to Rs.1,00,000 in a year to avail annual fee waiver from the second year.
  • Get 6 reward points on every Rs.100 that you spend on dining, grocery, movies and entertainment.
  • Get a discount of Rs.1,000 on domestic flight booking on Yatra (minimum transaction has to be Rs.5,000).
  • Get a discount of Rs.4,000 on domestic flight booking on Yatra (minimum transaction has to be Rs.40,000).
  • Get 20% off on domestic hotels booked on Yatra (minimum transaction has to be Rs.3,000).
  • Also get 1% surcharge waiver on Rs.500 to Rs.3,000 worth fuel purchases.
  • Reward point can be redeemed for Yatra vouchers.

Induslnd Bank Platinum Card

This card is offered by Induslnd Bank. With this card, a cardholder can get multiple benefits on dining and lifestyle.

Benefits of Induslnd Bank Platinum Card

  • Get 1.5 reward points on every Rs.150 spent.
  • Get discounts on movie tickets when you book it on BookMyShow.
  • Get Priority Pass and get access to airport lounges in both India and abroad.

Indian Oil Citi Credit Card

This card can be best for us as it offers great benefits on fuel and at the same time, get rewards on all your purchases.

Benefits of Indian Oil Citi Credit Card

  • Get 4 turbo points on every Rs.150 that you spend on the purchases of fuel at India Oil outlets across India.
  • Get 2 turbo points on every Rs.150 that you spend at supermarkets and grocery stores.
  • Get 1 turbo point on every Rs.150 spent on all other purchases.
  • Turbo points can be redeemed for free fuel at Indian Oil outlets.

YES Prosperity Edge Credit Card

This card is offered by YES Bank.

Benefits of YES Prosperity Edge Credit Card

  • Get 2 reward points on every Rs.200 that you spend on select category (please check YES Bank website for more details).
  • Get 15,000 as bonus reward points when you spend Rs.6,00,000 or more in every anniversary year.

Best Credit Cards in India for salaried individuals

As we know, nowadays credit card has become one on the most utilised financial tools in the world. That’s why everyone is interested in getting it. But a bank or a financial institution doesn’t offer a credit card to all of us. There are certain eligibility criteria to avail it. For example, you’re willing to avail it, so the bank or the financial institution would check your minimum annual income, your age, your credit score and so on. Among these, your annual income and credit score play an important role.

There are many credit cards available in the market, but every card is not suitable for you. Select the best credit card according to your needs. With a good credit score, salaried individuals can avail it. Please check your eligibility criteria on the respective bank’s website.

FAQs on Best Credit Cards

Which is the safest credit card in India?

All the cards available in India is safe and has a good variety of security system.

Which credit card is the best for online shopping in India?

There are many credit cards available as the best for online shopping in India, a few of them are SBI SimplySave, HSBC Visa Platinum Card and Citi Cashback Card.

Which is the best credit card for travelling?

There are many credit cards available that come with the basic travel benefits (i.e lounge access at the airport, reward points on travel booking), a few of them are HDFC Rangila Credit Card, MakeMyTrip ICICI Credit Card and so on.

Conclusion

In this article, we’ve discussed the 10 Best Credit Cards in India 2021 comparing various points of view. Each and every credit card is good according to certain purposes. So select your desired credit card according to your needs wisely.

If you have questions regarding the best credit cards in India, please feel free to drop your comment in the comment section.

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