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Co-branded credit cards are the ones that are launched in collaboration with well-known brands and offer extra benefits when users avail the products or services of the associated brands. It started as a rage in the US when banks started launching cards in association with airline brands and hotel chains; lifestyle and departmental stores soon followed the suit. Co-branded credit cards in India are mostly launched in association with airlines, lifestyle and fuel brands.

Also Read: Best Credit Cards in India

List of Best Co-branded Credit Cards in India

Credit Card Offers best benefits with Annual Fee Co-branded Benefit
Amazon Pay ICICI Bank Credit Card Amazon Nil Up to 5% cashback on Amazon*
Flipkart Axis Bank Credit Card Flipkart  Rs. 500 Up to 5% cashback for Flipkart and Myntra
Yatra SBI Card Yatra Rs. 499 Discount on flight and hotel booking with Yatra.com*
MMT ICICI Bank Signature Credit Card MakeMyTrip Rs. 2,500 Complimentary MMT DOUBLEBLACK and MMTBLACK membership*
Axis Bank Vistara Signature Credit Card Vistara Airlines Rs. 3,000 Club Vistara Silver Membership and exclusive discount*
Lifestyle Home Centre SBI Card SELECT Lifestyle and Home Centre Rs. 1,499 10 Reward Points per Rs. 100 spent at Lifestyle, Home Centre & other stores
BPCL SBI Octane Card BPCL Petrol Pumps Rs. 1,499 25 reward points on every Rs. 100 spent at BPCL petrol pumps
Amazon Pay ICICI Bank Credit Card
Flipkart Axis Bank Credit Card
Yatra SBI Card
MMT ICICI Bank Signature Credit Card
Axis Bank Vistara Signature Credit Card
Lifestyle Home Centre SBI Card SELECT
BPCL SBI Octane Credit Card

Amazon Pay ICICI Bank Credit Card

Best suited for Online Shopping

Annual Fee: NIL
Key Features:

Co-branded Features with Amazon.in Other Features
5% cashback for Amazon PRIME customers 1% cashback on all other purchases
3% cashback for Non-PRIME customers 1% fuel surcharge waived off
2% cashback for payments made to Amazon Pay partner merchants 15% discount at partner restaurants
– No joining or annual fee

Suggested Read: Best Credit Cards in India for Online Shopping

Should you get this card?

If you primarily use Amazon for online shopping, this card is an excellent pick for you as the cashback rates are the highest for your purchases on Amazon. Also, the cashback earned is added to your Amazon Pay Balance which you can use only via Amazon. If you are an Amazon Prime member, the rewards get even better. 5% cashback on all purchases can be availed by Prime members and 3% cashback by non-prime members. Besides, a minimal cashback of 1% is provided across all other spending.

Other than that, this card does not offer any benefits on travel, entertainment, or any other category apart from shopping. It is not suitable for international usage because of the high Foreign Exchange markup fee (3.5%). So, if you are an Amazon loyalist, you can consider this card. Otherwise, you may look for other cashback credit cards to avail of multi-faceted privileges. 

Read More about Amazon Pay ICICI Credit Card

Flipkart Axis Bank Credit Card

Best suited for Online Shopping 

Annual Fee: Rs. 500
Key Features:

Co-branded Features with Flipkart Other Features
5% cashback for Flipkart and Myntra 1.5% cashback on other categories
Rs. 1,100 worth joining benefits 4 complimentary domestic lounge visits every year
4% cashback Cure.fit, Swiggy, PVR, Tata Sky, Cleartrip, Tata 1mg and Uber 1% fuel surcharge waiver for transactions worth Rs. 400 to Rs. 4,000

Should you get this card?

Flipkart Axis Bank Credit Card can be a great cashback companion for you, especially if you are a Flipkart loyalist. This is also one of India’s best cashback credit cards, promising 1.5% flat cashback on all your transactions, which is the second-highest flat cashback rate on the market after the 2% cashback provided by Axis Bank Ace Card.

On Flipkart and Myntra, you can get up to 5% cashback and 4% on affiliate merchants including Cure.fit, Swiggy, PVR and Uber. The benefits on this card, despite being an entry-level card, surpasses the annual fee of Rs. 500 by a large margin. This helps you to save on fashion, travel, health & wellness, movies and shopping. So, Flipkart Axis Card should be one of the top picks for those looking for advantages across varied categories.

Read more about Flipkart Axis Bank Credit Card

Yatra SBI Card

Best suited for Overall Travel Benefits

Annual Fee: Rs. 499
Key Features:

Co-branded Features with Yatra Other Features
Yatra vouchers worth Rs. 8,250 as joining benefit 1 reward point for every Rs. 100 spent
Rs. 1,000 off on domestic flight booking of minimum Rs. 5,000 6X rewards on groceries, dining, movies, entertainment, international and departmental store spending
Rs. 4,000 off on international flight bookings of minimum Rs. 40,000 1% fuel surcharge waiver up to Rs. 100 monthly
20% discount on domestic hotel booking on minimum transaction of Rs. 3,000 –
Complimentary Air Accident Cover of Rs. 50 Lakh when booking flight ticket through Yatra.com –

Suggested Read: Best Travel Credit Cards in India

Should you get this card?

Yatra SBI Credit Card is a decent pick for individuals who travel within India and tend to stay at hotels, as it offers Rs. 1000 off on domestic flight booking and domestic hotel bookings, the cardholder is entitled to receive 6 annual discounts of 20%. You will also get Rs. 4,000 off on international flight bookings with a minimum transaction of Rs. 40,000.

The card also provides rewards at a rate of 1.5% on groceries, shopping, dining, entertainment and international purchases. Accumulated reward points can be redeemed to get Yatra Discount Vouchers (1 Reward Point= Rs. 0.25). For all of these categories, this rate is not the highest. And, a low reward rate of 0.25% (1 point for every Rs. 100 spent) makes it a not-so-worth-it option for shopping. This card is not suitable for individuals who wish to receive benefits in multiple categories. However, those who wish to get travel benefits for a low annual fee can consider this card.

Read More about Yatra SBI Credit Card

MMT ICICI Bank Signature Credit Card

Best suited for Travel

Annual Fee: Rs. 2,500
Key Features:

Co-branded Features with MakeMyTrip Other Features
Complimentary enrolment to MMTBLACK Exclusive Program 1,100 MyCash on spending 2.5 lakh in a year
Rs. 2,500 MakeMyTrip holiday voucher as welcome benefit  Exclusive MMT cab benefits
MMT MyCash instead of regular reward points | 1 MyCash = Rs.1 Airtel International Roaming Pack free for 10 days
2.5 MyCash per Rs. 200 for domestic spends and 1.5 MyCash per Rs. 200 for international spends Complimentary airport lounge access
4 MyCash per Rs. 200 for hotel or holiday booking on MakeMyTrip 1 complimentary railway lounge access in a quarter
2 MyCash per Rs. 200 for flight booking on MakeMyTrip 4,000 MyCash  on spending Rs. 5 lakh in a year

Should you get this card?

If your purpose remains to travel within India and internationally and you prefer making your bookings via MakeMyTrip, this card could be a good choice. Though the default rewards rate on ICICI MMT Signature Credit Card is 1%, which is not enticing, the card provides exclusive rewards on MakeMyTrip bookings. Many features, such as airport and railway lounge access, are covered by the card.

The points you earn with MyCash, however, remain limited to travel and hotel bookings only. In comparison to other travel cards in the same fee range, the reward rate is good and also comes with the Milestone Privileges. So, if your use is mainly for airport/railway lounge access and you are looking for good deals on hotel bookings, the ICICI MakeMyTrip Signature credit card is recommended for you

Read more about MMT ICICI Bank Signature Credit Card

Axis Bank Vistara Signature Credit Card

Best suited for Air Travel

Annual Fee: Rs. 3,000
Key Features:

Co-branded Features with Vistara Airlines Other Features
Complimentary Club Vistara Silver Membership Complimentary domestic lounge visits
Complimentary Premium Economy Ticket as a welcome gift Air accident cover of up to Rs. 2.5 Crore
4 CV Points per Rs. 200 spent Purchase Protection Cover of up to Rs. 1 Lakh
Redeem CV Points for flights or ticket upgrades Convert transactions above Rs. 2,500 into EMIs
1 Premium Economy Ticket each on spending Rs. 1.5 Lakh, 3 Lakh, 4.5 Lakh and 9 Lakh 3 complimentary golf games in India

Should you get this card?

Axis Bank Vistara Signature Credit Card is suitable for those who are frequent travellers and use Vistara Airlines for air travel. It gives up to a 4.5% reward rate as complimentary tickets which is an excellent deal. Besides, you can also enjoy Club Vistara Silver Membership & travel insurance protection, discounted golf access and more. As far as rewards are concerned, the Vistara Signature card outplays the Vistara Platinum credit card.

You should get this card if you primarily choose to travel via Vistara airlines. If you are someone who prefers booking flights according to their prices and discounts and is not loyal to any particular airline, you should consider other travel credit cards.

Read more about Axis Bank Vistara Credit Card

Lifestyle Home Centre SBI Card SELECT

Best credit card for Online & Retail Shopping at Home Centre and Lifestyle Stores

Annual Fee: Rs. 1,499
Key Features:

Co-branded Features Other Features
10 Reward Points per Rs. 100 spent at Lifestyle, Max, Home Centre and SPAR 1% Waiver on fuel surcharge
Reward Points converted into Landmark Rewards where 1 Landmark Reward Point is worth Rs. 0.60 6,000 bonus reward points equivalent to Rs. 1,500 on payment of the renewal fee
2 Reward points per Rs. 100 spent on other purchases Milestone benefits up to Rs. 8,600 worth of Reward Points

Should you get this card?

Lifestyle Home Centre SBI Card SELECT variant is best suited for those who frequently shop online or in-stores at Lifestyle, Max, Home Centre, and SPAR. This card gives you 10 Reward Points per Rs. 100 spent at Landmark online and retail stores; and 4 Reward Points = Rupee 1. So, you get a 2.5% return on your spendings which is not bad.

The joining fee of Rs.1500 is reversed in the form of 6000 bonus reward points equivalent to Rs.1500 on payment of the joining fee. However, if you wish to avail of better rewards in different categories, you can consider other shopping credit cards in India.

Read more about Lifestyle Home Centre SBI Credit Card

BPCL SBI Octane Credit Card

Best suited for Fuel Transactions

Annual Fee: Rs. 1,499
Key Features:

Co-branded Features with BPCL Other Features
25 reward points on every Rs. 100 spent at BPCL Fuel, Lubricants & Bharat Gas (Website and app only) 1 reward point per Rs. 100 for non-fuel retail purchases
6.25% + 1% fuel surcharge waiver on every transaction up to Rs. 4,000 10 Reward Points per Rs. 100 spent on Dining, Grocery, Departmental Stores and Movies (up to 7,500 reward points per month)
1% fuel surcharge waiver across all BPCL petrol pumps in India up to a maximum of Rs. 100 every statement cycle 6,000 bonus rewards as joining benefit
7.25% Value back and approximately 25X Reward Points on fuel purchases at BPCL petrol pumps –

Should you get this card?

SBI BPCL Octane Credit card is a decent option for those who have just started with credit cards and are looking forward to fetching good value back on fuel transactions. Especially for those who buy fuel at BPCL pumps, this card can give good benefits.

Since fuel benefit is offered in the form of extra rewards, the more you spend on fuel, the more value-back you will get. However, on non-fuel retail spends, you get 0.25% value-back which is a below-average reward rate. You should consider this card if your fuel expenditure makes up a considerable portion of your overall monthly expenses. You can also view other Fuel Credit Cards in India to look at some more feasible options.

Read More about BPCL SBI Octane Credit Card

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