The 6 Best Credit Cards In India

We all know the benefits of having a credit card. But, what are the best options available? Let's find it out!

We all know the benefits of having a credit card. But, what are the best options available? Let's find it out!

Whenever a person applies for a credit card, the factors on which the credit card is chosen includes the annual fee of the credit card and the rewards program that come with it. Holding a credit card has its own advantages such as insurance protection against damage to rental car, air miles, extended warranty on items bought for a large sum of money and policies that encourage price protection. These are the more common known benefits of credit card usage but there are some credit cards that offer special benefits to its card holders that you would not even know of.

Below is a list of Credit Cards in India that has been compiled on the basis of benefits that they offer in 2018:

1. Standard Chartered Platinum Rewards Card:

The Standard Chartered Platinum Rewards Card has zero annual fees or joining fee. This credit card is generally approved for salaried people and can be upgraded later to the Manhattan credit card. Some of the unique benefits of holding the Standard Chartered Platinum Rewards Credit card are:

  • If as the card holder you make your first transaction within 60 days of the issue of the credit card, you will receive 1000 reward points.
  • If you register for online banking on the Standard Chartered website, you will receive 500 points as bonus from the bank.
  • Usage of this credit card while making payments for Uber rides will help you avail 20% cashback.
  • For every 150 bucks that you spend on eating at a restaurant, you will receive 5 points.
  • Every 150 bucks that you spend on any other commodity earns you a point.

2. ICICI Instant Platinum Card:

The ICICI Instant Platinum credit card can be obtained by any person who has a savings account with the bank. The card has no annual fee for the card. To get an ICICI Instant Platinum Card, log on to the net banking website and apply for it. This card is ideal for people who do not earn income such as students and housewives. The credit limit offered by the bank depends on the money in your fixed deposit account. The unique benefits that this card offers are:

  • For every 100 Rupees spent using the credit card, you will earn 3 payback points.
  • Every card holder receives a global emergency assistance and card replacement service from the bank.
  • If you are a movie buff, you can avail Rs. 100 off on movie tickets every month.
  • Over 800 restaurants in 10 cities across the country are offering a minimum of 15% savings on usage of this credit card.
  • The credit card holder will also enjoy a 2.5% waiver on fuel payment of maximum Rs.4000 at HPCL petrol pumps.

3. Standard Chartered Manhattan Credit Card:

A Standard Chartered Manhattan credit card holder can save a lot of money through cashbacks and reward points. The card has an yearly fee of Rs.999 but it can be waived off. Some of the unique advantages of owning this card are:

  • You can avail 5% cashback every time you shop using this credit card at a departmental store or a supermarket.
  • You can avail 5x reward points when you pay for air tickets, fuel and staying at hotels if you use this credit card.
  • For every transaction that you perform using the ICICI credit card, you will receive Rs.150 per transaction and up to Rs.500 cashback every month.

4. SBI Simply Click Credit Card:

If you love to shop online then SBI Simply Click Credit Card is for you. The annual fees on the card is Rs. 499 but is waived off if the card holder transacts for a sum more than Rs. 1 Lakh in a year. To get approval for the SBI Simply Click credit card, you need to have a salaried account in the bank. Some of the key benefits of the credit card are:

  • 10x reward points on online shopping at websites such as Amazon, Book my show, Cleartrip, Foodpanda, FabFurnish, Lenskart, Ola, Zoomcar etc.
  • 5x reward points on online shopping at all other websites.
  • A gift voucher worth Rs.500 can be availed by every SBI click credit card holder.
  • A 2.5% waiver on every fuel transaction which is more than Rs.500.
  • The card holder can avail a cleartrip e- voucher worth Rs.2000 for spending more than Rs. 1 Lakh online.

5. Citibank Cashback credit card:

The Citibank credit card is suitable for people who watch a lot of movies and pay all their bills online. Although the application process is tedious, the benefits offered by the bank are:

  • Using a Citibank cashback credit card, you can avail 5% cashback on movie tickets, telephone bill payments and utility bill payments.
  • As a Citibank cashback credit card holder, you can also avail 0.5% cashback on any other transaction you make.

6. American Express Gold Card:

The American Express Gold credit card is one of the most sought out credit cards there is. Some of the benefits that it makes such an attractive credit card to have are:

  • As a American Express Gold credit card holder, you can avail 4000 membership reward points if you make your first 3 transactions on the card within 60 days of its issuance date.
  • If you use the credit card for at least 6 times in a month, you can avail another 1000 bonus membership reward points.
  • The credit card holders enjoy up to 20% discount on select restaurants across the country.
  • 5000 membership points can be redeemed on renewing the credit card for a second year.

If you are thinking of taking a credit card, you can do so based on the type of purchases you will make with it, the annual fee that you will have to pay for holding it and the type of rewards you get on the transactions you make. One such platform to compare all the credit cards mentioned above and more is the BankBazaar App. It is a simple and uncomplicated platform that allows the user to select a credit card that is best suited for him or her individually. The user simply has to enter their financial details and the app will suggest the most suitable credit card that they can apply for.

Every salaried individual at a point in his or her lifetime will apply for a credit card. While applying, you should thoroughly go through all the features of the card as it can either save you a good amount of money or make you lose it.

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