10 Best Credit Cards in India

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Which are Best Credit Cards of India? How to select credit card? These are common questions asked nowadays. In this post, I will try to answer these questions.

Well, Credit card is globally accepted means for doing a transaction. It is difficult to imagine life without credit cards. Earlier very few companies were providing credit cards. But, today we find many companies are offering credit cards with multiple rewards and cashback.  Not only that purpose specific cards like travel, shopping, fuel are also available. So, it becomes difficult for the normal man to select the best credit card.

If you looking for the Best Credit Cards in India? Your search ends here, I am herewith 10 Best Credit Cards in India. These credit cards are shortlisted based annual fees, interest rates, cash back, and applicable discounts.

For better understanding, I have divided credit cards into various categories. The categories are given below

#1 Best Credit Cards in India for Salaried Person

#2 Best Credit Cards in India with No Annual Fee

#3 Best Credit Cards in India for Online Shopping

#4 Best Business Credit Cards in India

#5 Best Credit Cards in India for Travel

#6 Best Premium Credit Cards

Also Read – 7 Best Ways to Save Money while Shopping Online

What is Credit Card?

A credit card is a plastic card issued by the bank or financial institutions. A credit card allows you to spend money with a pre-approved limit. The limit is decided based on your income and credit score. If you have a good credit score and high income you will get a high limit credit card.

How to select Best Credit Card?

The credit card choice varies from person and purpose. The card best for one person may not be best for another. You need to consider following important factors for the selection of best credit card.

Check Features 

Every Credit card function in the same way only difference is features like interest-free period, ease of payment, lower interest rate, and rewards. You should select credit card based on your requirement.

Check Benefits 

You should look at applicable benefits like discounts, cash back, rewards, loyalty points or any special privileges.

Fees & Charges

You should get appropriate information about annual fees, overdue interest rate, and other hidden charges. The benefits offered by card should not be at higher annual fees and charges.

Credit Limit

Credit Limit is another factor for the consideration. You should select a credit card, which gives you a higher credit limit and flexibility.

Customer Support

A customer support facility is another factor to look for. You should select a credit card with good customer care facility.

Ease of getting Credit Card

Ease of getting a credit card is another factor of consideration. You should select a credit card with a minimum processing time and easy application process.

Special Feature and your Need 

You should also check for special features supported by card (if any). Understand your need and make an appropriate selection of the card.

10 Best Credit Cards in India

Best credit cards in India for Salaried Person

Standard Chartered Manhattan Credit Card

The first best credit card in India for Salaried person is “Standard Chartered Manhattan Credit Card’. It is a most suitable card for salaried person. This card provides a benefit of cashback of 5% while doing grocery shopping at malls. This brings a lot of saving while doing household purchase. It is suitable for salaried people with average credit card spend ranging between 1 Lakh to 2 Lakh per year.

Fee & Charges

Joining Fee – Rs.499
Annual Fee Second Year Onwards- Rs.999

Overdue Interest – 3.49% per month

Standard Chartered Manhattan Platinum

Key Features and Benefits

  • 5% cashback on a purchase at supermarkets and departmental stores on every 150 Rs spent with a maximum limit of Rs.500 per month.
  • 20% cashback on Uber rides
  • 3x rewards on all other spending

SBI Simply Save Credit Card

SBI Simply Save Credit Card is next best credit card for salaried people. This card offers multiple benefits on Shopping, lifestyle, and travel. Late payment Interest rate of this card is very low.

Fee & Charges

Joining Fee – Rs.499
Annual Fee Second Year Onwards- Rs.499

Overdue Interest – 2.5% per month

best credit cards

Key Features and Benefits

  • Enjoy 10 Reward Points per Rs 100 spent on Dining, Movies, Departmental Stores and Grocery Spends.
  • Fuel Surcharge waiver.
  • Cash Withdrawal facility from ATM.
  • Easy bill pay facility for utility bill payment.

Best Credit Cards in India with No Annual Fee

HSBC Bank Platinum Credit Card

HSBC Bank Platinum Credit Card is one of the best cards with no annual fees. This card is widely accepted in more than 1 Lakh outlets. Customers can enjoy lifetime free benefits by using the card efficiently.

Fee & Charges

Joining Fee – NIL
Annual Fee Second Year Onwards- NIL

Overdue Interest – 3.3% per month

Key Features and Benefits

  • Get Cashback of 10% on all spends up to Rs.3000
  • 3x Rewards on spends on dinging, hotel and telecom category for 1 year.
  • Get Rs.2000 Cleartrip voucher on the first transaction.

ICICI Platinum Chip Credit Card

ICICI Platinum Chip Credit Card is second best free credit card without any annual fees. It is a lifetime free card. However, you need to spend Rs.50000 per year to get an annual fee waiver. This card is issued against a fixed deposit. It is a best-suited card for student, housewife and salaried people.

Fee & Charges

Joining Fee – NIL
Annual Fee Second Year Onwards- NIL

Overdue Interest – 3.4% per month

best credit cards

Key Features and Benefits

  • Minimum 15% saving on dining at various hotels.
  • Earn 2 Payback point for every Rs.100 spent.
  • Fuel Surcharge waiver.

Best Credit Cards in India for Online Shopping

SBI Simply Click Credit Card

SBI Simply Click Credit Card is one of the best credit cards for online shopping in India. This card offers login gift and multiple other e-shopping rewards to the customer. It is the credit card for the online generation.

Fee & Charges

Joining Fee – Rs.499

Annual Fee Second Year Onwards- Rs.499

Overdue Interest – 3.4% per month

sbi simply click credit card

Key Features and Benefits

  • Earn 10x reward on online shopping on Amazon, Bookmyshow, clear trip etc.
  • Avail e-voucher as milestone gift with online spending of 1 Lakh and above.
  • Annual fee reversal on an annual spend of 1 Lakh and above.

Citi Bank Cashback Card

Citi Bank Cashback Card is another best cashback online credit card in India. It is new generation contactless card. This card provides exciting offers and dining privileges.

Fee & Charges

Joining Fee – Rs.500

Annual Fee Second Year Onwards- Rs.500

Overdue Interest – 3.5% per month

Key Features and Benefits

  • 5% cashback on utility bill payment, movie ticket purchase & telephone bill payment.
  • Hot deals and offer on card time to time.
  • 15% saving on dining 

Best Business Credit Cards in India

SBI Corporate Platinum Card

If you are looking for a best business credit card, you should consider SBI Corporate Platinum Card. This card helps you to track your business expense via spend analysis and management tool. It also provides multiple privileges and insurance benefit to the customer.

Fee & Charges

Joining Fee – NIL

Annual Fee Second Year Onwards – NIL

Overdue Interest – 3.35% per month

sbi platinum corporate credit card

Key Features and Benefits

  • Multi-layer Spend control facility and tracking benefit
  • Fraud insurance coverage up to 2 Lakh
  • Global Acceptance & Travel insurance benefit

Best Credit Card in India for Travel

Citibank PremierMiles Credit Card

If you are looking for best travel credit card, you should look at Citibank PremierMiles Credit Card. This card provides multiple travel benefit like evergreen miles, free airport lounge access etc.

Fee & Charges

Annual Fee – Rs.3000

Overdue Interest – 3.5% per month

Key Features and Benefits

  • 10,000 Miles with your first spend of 1,000 Rs
  • Free Airport lounge access
  • Evergreen Miles that never expires

Best Premium Credit Cards

HDFC Regalia Credit Card

HDFC Regalia Credit Card is the best credit card in the premium segment. This card is suitable for businessmen and high-income group people. Overdue interest rate of this card is very low.

Fee & Charges

Annual Fee – Rs.9999

Overdue Interest – 1.9% per month

HDFC Regalia Credit Card

Key Features and Benefits

  • Four Reward points on every Rs.150 spent.
  • Double the reward points on flight, hotel, movie ticket.
  • Complimentary Club Vistara Silver membership

SBI Elite Card

SBI Elite Card is an exclusive credit card for the premium customer. If you are doing a high-value transaction or you are belonging to a high-income group, this card is recommended for you.

Fee & Charges

Annual Fee – Rs.4999

Annual Fee Second Year Onwards – Rs.4999

Overdue Interest – 3.35% per month

SBI Elite Card

Key Features and Benefits

  • Welcome gift and milestone privileges
  • Get 5x reward points on dining and departmental stores
  • International and domestic lounge program
  • Privilege club membership and Exclusive Concierge Service

Final words –

It is my humble request that before accepting any credit card, it is advisable to carry out independent online research. You should be convinced that offer given by Credit Card Company is rewarding and will help you in saving money.

10 Best Credit Cards in India
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