Credit Cards with Benefits on Gold & Jewellery Spends

1. Titan SBI Credit Card

Among multiple benefits around numerous Titan-owned brands, the Titan SBI Card offers substantial returns on four different gold jewellery brands: Tanishq, Zoya, Caratlane, and Mia. Unlike most co-branded credit cards that limit the benefits to one brand, this card gives consumers an opportunity to shuffle between different brands. Value-back is offered as cashback, but there is quarterly capping, hence consumers should plan their purchases accordingly. For instance, cashback earned on Carartlane, Mia and Zoya is capped at Rs. 10,000 per quarter, which means spends above Rs. 2 Lakh in a quarter made on these brands will not earn any accelerated benefits. Hence, it is better to split big-ticket jewellery spends across different quarters to derive maximum value.

Annual Fee: Rs. 2,999 (waived off on spending Rs. 3 Lakh)

Benefits on Gold Spends: 3% cashback on Tanishq (as gift vouchers)with quarterly capping of Rs. 25,000 5% cashback on Mia/Caratlane/Zoya, with quarterly capping of Rs. 10,000

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2. HDFC Bank Tata Neu Infinity Credit Card

Another co-branded card offering benefits on gold and jewellery spends is Tata Neu Infinity HDFC Bank Credit Card. In addition to its list of popular everyday brands like Tata 1 MG, bigbasket, Tata CLiQ etc, the card also offers accelerated benefit on popular jewellery brand- Tanishq. Cardholders can earn up to 5% cashback in the form of NeuCoins, which can again be utilized across these brands, reaffirming the card's co-branded identity. On their Tanishq spends, users can earn cashback on monthly spends of up to Rs. 6 Lakh every month and annual spends of up to Rs. 18 Lakh. Though restricted, the limit is quite high and can yield great returns of up to Rs. 30,000 in a month and up to Rs. 90,000 in a year.

Annual Fee: Rs. 1,499 (waived off on spending Rs. 3 Lakh)

Benefit on Gold Spends: 5% back as NeuCoins on spends at Tanishq

Other Features and Benefits:

3. Reliance SBI Card Prime

This co-branded card from SBI Card and Reliance Group covers diverse lifestyle categories and gold purchase is one of them. Consumers can earn an accelerated 2.5% value back and get vouchers as milestone benefits on multiple Reliance Group brands, including Reliance Jewels. Since the benefits on gold spends are limited to Reliance Jewels, consumers will have to compromise on other brand preferences, if any.

Annual Fee: Rs. 2,999

Benefits on Gold spends: 10 reward points for every Rs. 100 spent at Reliance Jewels Reliance Retail voucher worth of Rs. 3,000 redeemable at selected Retail stores (including Reliance jewels) 2%* instant discount at Reliance Jewels (twice per month)

Note: 2% discount applicable on making charges for Gold & 2% On Diamond invoice value, applicable on select SKUs in Gold & Diamond.

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4. HDFC Bank Infinia Credit Card

HDFC Infinia is another all-round credit card offering an excellent reward rate of 3.33% on multiple categories including gold spends. It is an invite-only credit card offered only to selected customers. Benefits are not limited to reward earning; cardholders can also directly redeem rewards against Tanishq vouchers in the ratio of 1:1. Though non-Tanishq spends also yield a good return, those who prefer Tanishq for gold purchases can well utilize the card benefits. Due to multiple redemption options available, the card is a good fit for those who frequently spend on gold spends but also want all-round benefits across travel and shopping.

Note: As HDFC Infinia is an invite-only card, you cannot apply for it. However, you can get the same value-back on gold purchases and other spends through HDFC Diners Club Black Credit Card . Travel and lifestyle benefits on both the cards are also similar.

Annual Fee: Rs. 10,000 (waived off on spending Rs. 10 Lakh)

Benefits on Gold Spends: 5 reward points for every Rs. 150 spent 1 reward point = Rs. 1 on purchasing Tanishq Vouchers via SmartBuy

Other Features and Benefits:

5. Standard Chartered Ultimate Credit Card

Another all-rounder credit card in this list is the Standard Chartered Ultimate Credit Card. The card comes at a high reward rate of 3.33% and gold purchase is not in its list of exclusions. Though largely known for its travel benefits like accelerated return on duty-free spends and low forex mark-up fee, the card can fetch users good reward points on gold transactions, which can later be redeemed across multiple categories.

Annual Fee: Rs. 5,000

Benefit on Gold Spends: 5 reward points on every Rs. 150 spent

Other Features and Benefits:

6. HDFC Regalia Gold Credit Card

HDFC Bank Regalia Gold credit card is an all-rounder credit card that rewards consumers on every spend, including gold purchase. The card comes with a good reward rate of 1.73% for gold purchases, along with other travel and lifestyle benefits. Since the card comes with multiple redemption options like flights and hotel bookings, air miles, etc., cardholders can earn substantial rewards through high-ticket purchases like gold and jewellery, and redeem them across multiple categories. Additionally, users also get access to the ‘Exclusive Gold Catalogue’, covering premium brands like Apple, Fitbit, etc. An important point to note is that the card comes with a capping of 50,000 reward points in a statement cycle across all categories. Thus, making a big-ticket purchase on gold spend might limit your reward earning on other spends.

Annual Fee: Rs. 2,500 (waived off on spending Rs. 4 Lakh )

Benefit on Gold Spends: 4 reward points for every Rs. 150 spent

Other Features and Benefits:

7. American Express Gold Card

American Express Gold Credit Card is best known for covering some often excluded brands in its reward program, like utilities, fuel, and even gold spends. Hence, consumers can earn rewards on their big-ticket gold spends. The earning is even more with the Rewards Multiplier platform, as users earn 5-times more reward points on some popular gold and jewellery brands like Tanishq and Giva, among 60+ other lifestyle brands. In comparison to other cards in this list that offer either co-branded or general reward benefits on gold purchases, this card offers both.

Annual Fee: Rs. 4,500

Benefits on Gold Spends: 1 Membership Rewards® point for every Rs. 50 on gold spends 5X Membership Rewards® points on purchases made via Rewards Multiplier at Tanishq and Giva Users can redeem rewards for Tanishq Voucher worth Rs. 9,000 under the 24 Karat 24 Karat Gold Collection (24,000 points)

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8. American Express Platinum Card

Another American Express credit card on this list is the American Express Platinum Card. This card also comes with as few exclusions as possible and covers gold spends in the rewards program. However, the card comes at a high annual fee of Rs. 66,000—the highest for the cards in this list. Users can earn 5x rewards via the Reward Multiplier (on brands like Tanishq and GIVA) and even 20x rewards via the Rewards Xcelerator, covering brands like Moi Jewels, Zoya, and Bvlgari. The card is largely suitable for high-income earners.

Annual Fee: Rs. 66,000

Benefits on Gold Spends: 1 Membership Reward Point for every Rs. 40 on gold spends 5x rewards via the Reward Multiplier on spends at Tanishq and GIVA 20x rewards via the Rewards Xcelerator on spends at Moi Jewels, Zoya, and Bvlgari

Other Features and Benefits: