Top 12 best credit cards in India 2023
This is a guide to the best credit cards in India in 2023. Credit cards have become an essential part of our financial life, offering us ease, flexibility, and a plethora of rewards. There are several credit cards available in India, each with its own set of features and rewards schemes. Yet, considering the variety of alternatives available, selecting the correct credit card might be intimidating.
In this article, we will look at some of the best credit cards in India, taking into account aspects like rewards, cashback, annual fees, interest rates, and other benefits. We have you covered if you are a frequent traveler, a shopaholic, or someone who likes to earn benefits on every transaction. Now, have a seat, and let’s look at some of the top credit cards in India that may help you make the most of your money.
A list of the most popular credit cards in India based on their features, benefits, and rewards programs. Here are the 12 best credit cards in India that people really like:
HDFC Bank Regalia Credit Card: HDFC Bank, one of the best private sector banks in India, offers the best credit card HDFC Bank Regalia Credit Card. It is a premium credit card. The card is made to give its users exclusive rewards and privileges that will help them live a luxurious life.
Some of HDFC Bank Regalia Credit Card’s most important features are:
Welcome Benefit: The card comes with 10,000 Reward Points that may be used for many products and services.
Reward Points: You gain points for every purchase using the card. These reward points may be used for flights, hotels, and shopping vouchers.
Complimentary Airport Lounge Access: Certain U.S. and international airport lounges are free with the card.
Insurance Benefits: The card provides free insurance up to Rs. 1 crore for aviation accidents and Rs. 25 lacks for medical emergencies when traveling.
The card offers savings at partner restaurants nationwide.
Concierge Services: The card has 24/7 concierge services to aid with trip itineraries, hotel reservations, and other requirements.
HDFC Bank Regalia Credit Cards are available to 21-year-olds with strong credit who earn at least Rs. 60,000 per month. Applications may need verification of identification, address, and income.
Overall, the HDFC Bank Regalia Credit Card is a high-end credit card that gives its users a number of perks and benefits. But you should carefully look at the card’s features and fees to figure out if it fits your lifestyle and financial needs.
Citibank Cashback Credit Card: Citibank Cashback Credit Card is a credit card provided by Citibank that offers cashback on a variety of transactions. This credit card has the following features and benefits:
The annual fee for this credit card is waived for the first year and then levied at a rate of Rs. 500 per year after that.
Cashback: The card offers rewards on a variety of transactions, including 5% cashback on cinema ticket purchases, 5% cashback on phone bill payments, and 0.5% cash back on all other purchases.
Fuel fee waiver: The card waives the 1% fuel cost on all gasoline transactions at all petrol pumps.
With Citibank’s Dining Privileges card, you may enjoy exclusive savings at a variety of restaurants all around India.
The card offers convenient EMI payment terms for purchases made at participating merchants.
You can use the card to make contactless payments of up to Rs. 5,000.
There is a credit check and minimum income requirement for the Citibank Cash Back Credit Card. If they qualify, they will be given a credit line that is proportional to their income.
SBI Card Elite: SBI Card, a division of State Bank of India, offers a premium credit card called SBI Card Elite. The purpose of this credit card is to provide its members with exclusive access and perks. Key characteristics of the SBI Card Elite include the following:
Every transaction with an SBI Card Elite generates reward points for gift cards, vacations, and more. These points may be used for retail, travel, and restaurants. Gas, dining, and entertainment benefits are offered by the card.
The SBI Card Elite grants complimentary access to airport lounges in India and abroad.
The card offers discounts on airline and hotel stays, travel insurance, and a personal concierge service.
Cardholders receive discounts on dining, shopping, and entertainment, among other lifestyle benefits. You can also attend select events and activities.
SBI Card Elite activation comes with a unique surprise.
To apply for SBI Card Elite, visit the SBI Card website or use their mobile application. It is essential to remember, however, that eligibility requirements exist and acceptance is at the bank’s discretion.
American Express Platinum Reserve Credit Card: The American Express Platinum Reserve Credit Card is a premium credit card available in India from American Express. These are some of the card’s characteristics and benefits:
After spending the minimum, cardholders can earn 11,000 Membership Rewards Points.
Except for gas, utilities, insurance, and cash, cardholders earn 1 Membership Rewards Point for each Rs.50 spent.
Cardholders receive unlimited access to over 1,200 airport lounges worldwide, including local and international lounges.
Travel: The card offers travel insurance, hotel privileges, and airfare and hotel discounts.
American Express Selects Dining offers discounts at over 1,000 Indian restaurants.
Cardholders can receive free spa services, yoga classes, and health checks at selected partners.
Redeeming Rewards: Membership Perks Points may be redeemed for flights, hotels, shops, and gift cards.
The card costs Rs. 10,000 annually.
Please keep in mind that the features and advantages of this card are subject to change, and it is critical to read the terms and conditions before applying.
ICICI Bank Sapphiro Credit Card: ICICI Bank ICICI Bank, one of the top private sector banks in India, offers the Sapphiro Credit Card, a premium credit card. This credit card is tailored to the lifestyle and financial demands of wealthy individuals who desire elegance and exclusivity. The ICICI Bank Sapphiro Credit Card offers a variety of features and advantages, including reward points, lounge access, travel and dining perks, and insurance coverage. The ICICI Bank Sapphiro Credit Card offers the following essential benefits:
Welcome gifts include 10,000 reward points and Rs. 10,000 in coupons.
The cardholder earns 2 reward points for every Rs. 100 spent. Flights, hotels, and merchandise may be purchased with reward points.
Domestic and international airport lounges are free for cardholders.
Travel insurance and flight discounts are provided to cardholders.
Dining Perks Several restaurants provide discounts to cardholders.
Insuring The cardholder is covered for aviation mishaps, lost cards, and fraud.
The ICICI Bank Sapphiro Credit Card has Rs. 3,500 annual fees that can be eliminated if the cardholder spends above Rs. 6,00,000.
Overall, the ICICI Bank Sapphiro Credit Card is a wonderful option for anyone seeking a premium credit card with a variety of features and bonuses.
Standard Chartered Super Value Titanium Credit Card: Standard Chartered Bank offers the rewards-based Standard Chartered Super Value Titanium Credit Card. Below are some of the card’s most important features and benefits:
The card gives cash back returns on a variety of categories, including petrol, food, telecommunications, and utility bills, among others.
The card offers a return of up to 5% on fuel purchases made at any petrol outlet in India. The card has an annual charge, but it is waived if a certain spending requirement is satisfied. The card is enabled for contactless payments, allowing you to conduct rapid and secure transactions without swiping or inserting your card.
Standard Chartered Bank determines the credit limit on the card based on a variety of variables, including your credit score, income, and credit history.
When applying for the Standard Chartered Super Value Titanium Credit Card, it is essential to understand the card’s terms and conditions, fees and charges, and eligibility requirements.
Axis Bank Buzz Credit Card: The Axis Bank Buzz Credit Card is a credit card issued by Axis Bank, one of India’s top private sector banks. The card is designed to meet the demands of online consumers and provides a variety of incentives and rewards for online transactions.
The Axis Bank Buzz Credit Card offers the following important benefits:
A welcome gift of Rs.1,000 in Flipkart vouchers is included with the activation of the card. The card earns 2 reward points for every Rs.200 spent on online purchases and 1 reward point for every Rs.200 spent on other transactions.
Discount on Online Shopping: Cardholders are entitled to a 5% discount on purchases made at Flipkart, Myntra, and 2GUD. The maximum possible monthly discount is 200 rupees. Fuel Surcharge Waiver: The card provides a 1% waiver on petrol purchases up to Rs.4,000 per transaction.
The Buzz Credit Card from Axis Bank does not have an annual fee, making it a cost-effective choice for online shoppers.
EMV Chip Security: The card is fitted with an EMV chip, which gives added protection against fraudulent transactions.
You may apply for the Axis Bank Buzz Credit Card by visiting the Axis Bank website or one of its physical locations. To complete the application process, you must meet the qualifying conditions and submit the required paperwork.
Kotak Mahindra Bank Royale Signature Credit Card: The Kotak Mahindra Bank Royale Signature Credit Card is a premium credit card available in India from Kotak Mahindra Bank. It is intended to deliver privileged privileges and prizes to high-net-worth individuals who value luxury and special treatment.
The Kotak Mahindra Bank Royale Signature Credit Card offers the following features and benefits:
Activated cardholders receive up to 30,000 reward points. Card transactions generate reward points. Use these reward points for plane tickets, hotel stays, and more. Cardholders can use local and international airport lounges for free.
Indian golf courses provide free games and instruction to cardholders.
Travel, restaurant, and other concierge services are available 24/7 to cardholders.
Cardholders receive aviation accident insurance, lost card liability, and more.
Fuel surcharge waiver Cardholders receive a Rs. 4,000 yearly fuel fee waiver.
The Kotak Mahindra Bank Royale Signature Credit Card has an annual fee of Rs. 9999 and eligibility conditions that vary by bank.
RBL Bank Platinum Maxima Credit Card: Users of the RBL Bank Platinum Maxima Credit Card receive a variety of bonuses and prizes. This credit card’s main characteristics are:
Welcome bonuses: Up to 8,000 reward points for new members.
Reward points: Each card transaction generates reward points that may be redeemed for gift certificates, merchandise, and other advantages.
Airport lounge access: Certain Indian airport lounges are free for cardholders.
Gasoline cost waiver: Clients can waive petrol expenses up to Rs. 100 per month.
If the user spends Rs. 1.5 lakhs or more, the card’s annual fee is waived.
Insurance: Clients can purchase card fraud, lost card liability, and flying accident insurance.
Exceptional discounts: The card gives deep discounts at partner restaurants, shops, and entertainment venues.
The RBL Bank Platinum Maxima Credit Card is a wonderful alternative for consumers who desire premium credit card privileges and rewards. Users should consider their spending habits before getting the card because it has an annual charge.
HSBC Visa Platinum Credit Card: The HSBC Visa Platinum Credit Card the best credit card in India is a type of credit card issued by HSBC, a multinational provider of banking and financial services. This card provides several features and benefits, including:
The HSBC Visa Platinum Credit Card comes with a rewards program that allows cardholders to earn points on every qualified transaction made with the card. These points may be redeemed for a number of prizes, including cashback, gift certificates, and more.
The card includes travel perks such as complimentary travel insurance, access to airport lounges, and savings on hotel bookings.
The card provides savings on meals at chosen restaurants and cafés in a variety of places.
Fuel Surcharge Waiver Cardholders are exempt from fuel surcharges at petrol pumps across India, subject to specific limits and conditions.
Contactless Payments: The card allows contactless payments, which enable quick and convenient transactions without the need to physically swipe or insert the card into a card reader.
Zero Liability: Cardholders are secured against unauthorized charges made on their card, guaranteeing they are not held accountable for any fraudulent conduct.
These are but a few of the advantages of the HSBC Visa Platinum Credit Card. Like with any credit card, it is essential to thoroughly read the terms and conditions and use the card properly to prevent amassing high-interest debt.
IndusInd Bank Platinum Aura Credit Card: The IndusInd Bank Platinum Aura Credit Card is a premium and the best credit card in India with several privileges. This card’s main features are:
Every purchase gets card rewards points. Air miles, merchandise, and gift vouchers can be exchanged for these points.
Airport lounge access: Relax before your flight at numerous domestic and international airport lounges with the card.
Fuel surcharge waiver: All petrol purchases at Indian petrol outlets are free with the card.
Dining discounts: Certain restaurants provide discounts with the card.
Aviation accidents and lost card liability insurance are free with the card.
Concierge services: The card’s concierge may organize flights, hotels, and more.
Contactless payments: The card offers rapid, secure contactless payments.
The IndusInd Bank Platinum Aura Credit Card is a premium credit card with several rewards and features. Nevertheless, the card has an annual fee and additional costs, so study the terms and conditions before applying.
Yes Bank Prosperity Reward Plus Credit Card: Yes Bank’s Prosperity Reward Plus Credit Card offers several incentives and privileges to its members. The Yes Bank Prosperity Reward Plus Credit Card has these features:
Rewards Program: Every card transaction earns points. These reward points can be used for numerous goods and services.
Welcome Benefits: The card welcomes new users. This may include reward points or money on the card’s first few transactions.
The card waives the fuel premium on gasoline purchases.
Eating Benefits: The card provides discounts and free meals at partner restaurants.
Airport Lounge Access: Certain Indian airport lounges are accessible with a card.
Accidental death, misplaced baggage, and other events are covered by the card.
Annual Fee: The user’s credit profile and spending habits determine the card’s yearly charge.
Those who wish to earn rewards on their regular shopping and enjoy features like airport lounge access and insurance coverage might choose the Yes Bank Prosperity Reward Plus Credit Card.
The best credit cards in India might vary based on an individual’s spending patterns and financial goals.
While selecting a credit card, factors such as rewards programs, cash-back offers, annual fees, interest rates, and credit limits should be evaluated. In 2021, the most popular credit cards in India were the HDFC Regalia, SBI Card Elite, ICICI Bank Platinum Credit Card, and Citibank Cashback Card.
When selecting the best credit card, it’s usually a good idea to evaluate several possibilities and thoroughly study the terms and conditions. Furthermore, it is critical to use credit cards wisely and pay bills on time to prevent accruing debt and harming your credit score.
Please keep in mind that this list is not complete and that different credit cards may be better for different people depending on their spending habits, financial goals, and personal preferences. Before applying for a credit card, you should do a lot of research and carefully read the terms and conditions.