Which is the Best Credit Card in India?
Credit cards are undoubtedly one of the most critical tools in today’s world. The biggest perk of holding a credit card is the ability to go cashless everywhere. A credit card can be used to make regular payments at departmental stores, pharmacies, or restaurants.
On the other hand, you can also make more significant payments like buying a car or paying your hospital bill with the same card. This sort of convenience is what made credit cards so popular across the world — and in India.
Furthermore, you can make tremendous savings if you spend using your credit card. Reward points earned from paying with your credit card can be redeemed for gift vouchers, air tickets, gifts, and more. With all of these benefits, it is indeed difficult to not apply for a CC.
But how do you find the right credit card for you? The right credit card varies from person to person. Depending on your monthly and yearly expenditure, you might want to find a credit card whose credit limit suits your demands. Other than that, it would help if you also browsed through the different types of credit cards.
Each type is designed to serve people with different patterns of expenditure best. Shopping and cash back credit cards are ideal for people who spend a significant amount online or offline shopping. Fuel credit cards are another type that gives fuel surcharge waivers and discounts on fuel purchases. There are special corporate credit cards for corporations and their employees as well.
The best credit cards are the easily available ones, offer tons of rewards and have benefits in multiple categories. Here are some of the best cards in India.
- Bajaj Finserv RBL Bank SuperCard
When it comes to the best credit cards in India, very few come close to the Bajaj Finserv RBL Bank SuperCard. The card’s versatility truly makes it stand out from the crowd. It allows cardholders to withdraw cash from ATMs without any interest for 50 days after activation.
In this respect, it truly acts as an ATM Card. In times of emergency, you can also use the card to get an emergency cash advance at low interest. The card’s cashback and reward system are ideally designed to help you make significant savings.
You can avail of 5% cashback, up to Rs. 1000 on your purchases. With every purchase, you also get reward points, which can be used to pay for a product’s down payment at Bajaj Finserv partner stores.
- Yatra SBI Credit Card
The Yatra SBI Credit Card is the ultimate travel credit card. If you’re someone who travels frequently, then this SBI credit card is the best tool to save some bucks. Every time you book a flight above Rs. 4,999, you get a discount worth Rs. 1,000. For internal flight bookings worth at least Rs. 40,000, a discount of Rs. 4,000 can be redeemed. Other than this, multiple vouchers are offered every time you book a flight or a hotel.
Additionally, there are also elaborate rewards on grocery, dining, and movie expenditure. Overall, the Yatra SBI credit card is the perfect credit card if you want a well-rounded travel CC.
- HDFC Bank Freedom Credit Card
Offering a plethora of benefits and features is the HDFC Bank Freedom CC. As the name suggests, the card indeed provides benefits across multiple categories. This credit card provides 5x reward points on all grocery, railway, movie, and dining spending on crossing an annual spending threshold of Rs. 90,000, the annual fee gets waived and you get a gift voucher worth Rs. 1,000. Taking all its perks into consideration, the card surely deserves a place in your wallet.
- SimplyCLICK SBI Credit Card
If a big chunk of your spending goes towards online or offline shopping, then this is the best card for you in India. The simply click SBI Credit Card provides 1 reward point for every Rs. 100 spent using the card. That said, the CC gives you accelerated reward points for online spending at partner websites. With a fuel surcharge waiver of 1% on transactions between Rs. 500 and Rs. 3000, you can also cut down on your fuel expenditure.
- Flipkart Axis Bank Credit Card
The Flipkart Axis Bank Credit Card is one of the best cashback credit cards in India. You get a 5% cash back on purchases made at Flipkart, Myntra and other partner sites. For all other transactions, there is a 1.5% cash back that you can avail of. Furthermore, the CC also gives you a welcome benefit of Rs. 3,300 along with a variety of discounts on the initial spendings. The card also allows you to convert your purchases into affordable EMIs.
The best credit cards
The five CC mentioned above is undoubtedly some of the best rewards credit cards in India. It is imperative that you choose a CC that fits your spending patterns and your lifestyle. One card that serves all lifestyles and purposes is the Bajaj Finserv RBL Bank SuperCard. You can apply for it quite easily online, and the CC offers the power and utility of four different cards rolled into one!