New Credit Cards Launched in 2024

The year 2024 was a significant one for the Indian credit card market as more than 30 new cards were launched. From co-branded partnerships with leading brands like Indian Oil, MakeMyTrip, Taj, Titan, and IRCTC to innovative offerings tailored for specific spending categories, this year’s launches catered to a wide spectrum of consumer needs.

While some cards targeted the premium segment, featuring exceptional benefits for very high annual fees, the majority were designed to meet the everyday needs of the masses, focusing on fuel, online shopping, dining, and more.

Here, we have curated the list of the most notable credit cards launched in 2024, showcasing their standout features and benefits, along with what sets them apart as the best launches of the year.

Video: New Credit Cards Launched in 2024

Best Credit Cards of 2024: Which Credit Card is best for You in 2025? | Best Credit Cards in India

Note: Details mentioned in the video have been sourced from the issuer’s website as of December 2024. For updated information, refer to this page.

New Credit Cards Launched in 2024

Here is a list of some of the Best credit cards launched in 2024 offering benefits across multiple categories.

1. HSBC Live+ Credit Card

Joining Fee: Rs. 999 + Taxes
Annual Fee: Rs. 999 + Taxes

Key Features & Benefits:

• 10% cashback, up to Rs. 1,000 per month, on dining, grocery and food delivery spends
• Unlimited 1.5% cashback on other spends
• Up to 4 complimentary domestic lounge visits in a year, maximum 1 visit per quarter
• Up to 15% off on dining bills at 200+ partner restaurants via Live+ Dining Programme
• Annual fee waiver on annual spends of Rs. 2 Lakh

HSBC Live+ Credit Card offers accelerated benefits across food delivery, dining, and groceries. Cardholders can earn 10% cashback on these categories and 1.5% cashback on other spends. Unlike the Swiggy HDFC Credit Card, this card offers 10% value back on dining, grocery, and food delivery, without any merchant restrictions. Additionally, for dining spends, the return doubles up via the Live+ Dining Program. HSBC Live+ Credit Card is an excellent choice for those who frequently spend on dining and groceries, prefer flexibility over brand-specific benefits, and are looking to save in the form of cashback on all their spends.

2. Axis Bank Horizon Credit Card

Joining Fee: Rs. 3,000 + Taxes
Annual Fee: Rs. 3,000 + Taxes

Key Features & Benefits:

• 5 EDGE Miles per Rs. 100 spent on Axis Bank Travel EDGE portal and direct airline websites/counters
• 2 EDGE Miles per Rs. 100 spent on all other spending categories
• Convert EDGE Miles into partner miles at a value of 1 EDGE Mile = 1 Partner Point
• Up to 32 complimentary domestic lounge visits in a year
• Up to 8 complimentary international lounge visits every year
• 5,000 EDGE Miles on making the first transaction of Rs. 1,000 or more within 30 days of card issuance
• 1,500 EDGE Miles as renewal bonus credited within 30 days from credit card anniversary date
• 25% off, up to Rs. 800 per month, via EazyDiner on minimum order value of Rs. 2,500

Axis Bank Horizon Credit Card is an airline-agnostic credit card offering 5% value back on travel spends and 2% on other expenses. The card offers value back in the form of EDGE Miles, which cardholders can redeem against partner air miles and hotel loyalty points at a 1:1 ratio, across 20+ travel partners. While it lacks accelerated rewards for hotel bookings made directly via standalone websites or counters, it compensates with a decent number of domestic and international lounge visits, along with welcome and renewal benefits. Axis Horizon is an ideal option for frequent travellers who want to earn good value back on travel spends and do not have a preferred airline or hotel brand.

3. Axis Primus Credit Card

Joining Fee: Rs. 5 Lakh + Taxes
Annual Fee: Rs. 3 Lakh + Taxes

Key Features & Benefits:

• Zero forex markup fee
• Complimentary Taj Epicure membership
• 1 EDGE Mile per Rs. 100 spent across all categories, with no exclusions
• Point-to-mile conversion ratio of 1:5 across renowned travel partners
• One-way airport ‘Meet & Assist Service’ or ‘Fast Track Immigration Service’ when traveling abroad
• 1 complimentary night stay on booking a minimum two consecutive nights at 900+ luxury hotels
• Unlimited domestic and international lounge visits, along with 24 complimentary guest visits per year (12 each)
• Unlimited free companion’s airfare on purchase of first class or business class tickets
• Custom-made travel itineraries, private jet access, flying safari, ski vacations, etc.
• Preferential access to 10,000+ global restaurants, including coveted tables at the world’s top Michelin-starred restaurants
• Invitations to private art exhibitions, premium sports events, exclusive product launches, limited edition fashion experiences, etc.
• Unlimited domestic golf lessons and rounds for primary cardholder

Axis Primus Credit Card caters to ultra HNIs, offering luxury travel and lifestyle benefits. This invite-only credit card comes with a joining fee of Rs. 5 Lakh and an annual fee of Rs. 3 Lakh—the highest in the market. In addition to the usual super premium card benefits, it offers exceptional luxury benefits, including custom-made travel itineraries, access to Michelin-starred restaurants, invitations to exclusive events, and much more. Although its reward rate is relatively low, it compensates by offering rewards on all spends without any exclusions and offering the highest redemption ratio of 1:5 against partner air miles and hotel loyalty points.

4. YES Bank Paisabazaar PaisaSave Credit Card

Joining Fee: Nil + Taxes
Annual Fee: Rs. 499 + Taxes (Nil for RuPay card)

Key Features & Benefits:

• 3% cashback (6 Cashback Points per Rs. 200 spent) across all online spends, including spends made on top online platforms, like Amazon, Zomato, Blinkit, Myntra, Swiggy, Ola, Uber, Nykaa, Ajio, etc.
• 5% cashback (3Cashback Points per Rs. 200 spent) on offline and UPI spends
• Redeem cashback points against statement credit at a value of 1 Cashback Point = Rs. 1
• Renewal fee waiver on annual spends of Rs. 1.2 Lakh
• 1% fuel surcharge waiver (Up to Rs. 250 per statement cycle) on all fuel transactions between Rs. 500 and Rs. 3,000

YES Bank Paisabazaar PaisaSave Credit Card is a cashback credit card offering accelerated benefits on online shopping. The card offers 3% cashback on all online spends without any merchant restrictions, allowing cardholders to earn cashback across top brands like Amazon, Flipkart, Swiggy, Zomato, and more. Besides this, users can earn 1.5% cashback on other offline and UPI spends. With 3% cashback on online transactions and up to Rs. 5,000 value back in a month, it competes well with popular options like the Cashback SBI Card. Consumers looking for an entry-level credit card with decent value-back across all online spends should consider the YES Bank Paisabazaar PaisaSave Credit Card.

5. IDFC FIRST Mayura Credit Card

Joining Fee: Rs. 5,999 + Taxes
Annual Fee: Rs. 5,999 + Taxes

Key Features & Benefits:

• 10X rewards on monthly spends above Rs. 20,000
• 5X rewards on monthly spends of up to Rs. 20,000
• 3X rewards on rent, government, wallet load & education transactions worth Rs. 2,000 & above
• 1 reward point for every Rs. 150 spent on insurance and utilities, for transactions worth below Rs. 2,000
• Up to 16 complimentary domestic lounge and spa visits to at select airport lounges in India
• Up to 4 complimentary guest visits to domestic airport lounges every year
• Up to 8 complimentary international lounge visits in a year
• Up to 2 complimentary golf rounds/lessons every month

IDFC FIRST Mayura Credit Card is a premium metal card designed for high-income individuals, offering travel and lifestyle benefits. Cardholders can earn up to 10X reward points on monthly spends above Rs. 20,000, making it easy for eligible users to maximize their rewards. However, the redemption value of Rs. 0.25 per reward point is relatively low for a premium credit card with an annual fee of Rs. 5,999. Despite this, the card offers decent travel benefits, including zero forex markup fee, domestic & international lounge access, trip cancellation protection, and travel insurance coverage, making it a reasonable choice for frequent travellers. Overall, travel and lifestyle benefits like complimentary golf rounds, movie discounts, and rewards benefits make IDFC FIRST Mayura an all-rounder card.

6. IRCTC RBL Bank Credit Card

Joining Fee: Rs. 500 + Taxes
Annual Fee: Rs. 500 + Taxes

Key Features & Benefits:

• 5 reward points per Rs. 200 spent on train ticket bookings via IRCTC website/app
• 3 reward points per Rs. 200 spent on FASTag recharge via RBL Bank Digital channels/NCMC Reload/UTS app
• 2 reward points per Rs. 200 spent on flights, hotels and cruise bookings via IRCTC website/app
• 1 reward point per Rs. 200 spent on other categories
• Redeem reward points directly on IRCTC website/app at a value of 1 Reward Point = Rs. 1
• Up to 8 complimentary railway lounge visits in a year
• 1% transaction fee waiver, up to Rs. 200 per month, on train ticket bookings worth up to Rs. 5,000
• Complimentary train cancellation protection cover of up to Rs. 5,000
• 500 reward points on making the first transaction of minimum Rs. 500 within 30 days of card issuance
• 500 reward points on reaching quarterly spends of Rs. 75,000

IRCTC RBL Bank Credit Card is a co-branded card tailored for frequent train travellers, offering 2.5% value back on train ticket bookings via IRCTC. It also offers 3X and 2X reward points on FASTag recharges and flights, hotels, and cruise bookings through the IRCTC website/app, respectively. Cardholders can redeem rewards at a 1:1 ratio on the IRCTC platform, making it ideal for maximizing savings on future train ticket bookings. Besides rewards, benefits like railway lounge access, transaction fee waiver, and train cancellation cover further enhance its value. However, as a basic co-branded card, its rewards and benefits are focused on IRCTC spends, and it does not offer any travel-related benefits beyond railway lounge access.

7. IndianOil RBL Bank XTRA Credit Card

Joining Fee: Rs. 1,500 + Taxes
Annual Fee: Rs. 1,500 + Taxes

Key Features & Benefits:

• 15 reward points for every Rs. 100 spent at IOCL fuel stations
• 2 reward points for every Rs. 100 spent on other categories
• 3,000 Fuel Points on making the first transaction of Rs. 500 within 30 days of card issuance
• 1,000 Fuel Points on reaching the spending milestone of Rs. 75,000 in a quarter
• 1% fuel surcharge waiver on fuel transactions of Rs. 500 to Rs. 4,000, capped at Rs. 200 per month
• Annual fee waiver on annual spends of Rs. 2.75 Lakh

IndianOil RBL Bank XTRA Credit Card is an upgraded version of the IndianOil RBL Bank Credit Card, offering up to 8.5% value back on IOCL fuel spends—potentially providing up to 250 litres of free fuel annually (according to the bank). This makes it one of the highest-value co-branded fuel credit cards. However, aside from fuel benefits, the card offers only 1% value back on other spends, which is relatively low. Still, it’s a great choice for IOCL loyalists with benefits like accrual of Fuel Points on all spends, their redemption against fuel, and fuel surcharge waiver, offering substantial savings on fuel expenses.

8. MakeMyTrip ICICI Bank Credit Card

Joining Fee: Rs. 999 + Taxes
Annual Fee: Rs. 999 + Taxes

Key Features & Benefits:

• MMT voucher worth Rs. 1,000 valid for the first year & complimentary MMTBLACK Gold Membership for the first year
• MMT voucher worth Rs. 1,000 valid for three months, on the payment of annual fee
• Unlimited 6% MyCash (12 myCash per Rs. 200) on hotel bookings via MakeMyTrip
• Unlimited 3% MyCash (6 myCash per Rs. 200) on flights, holiday packages, cabs & bus bookings via MakeMyTrip
• 1% myCash (2 myCash per Rs. 200) on all other spends
• 25 myCash on train bookings via MakeMyTrip
• 8 complimentary domestic airport lounge visits every year
• 1 complimentary international airport lounge visit in a year
• Low forex markup fee of 0.99%

MakeMyTrip ICICI Bank Credit Card is a replacement for the previously offered two MMT ICICI Credit Cards. This card offers up to 6% value back on your travel spends at MMT. With an annual fee of Rs. 999, it offers comprehensive travel benefits such as accelerated rewards, a low forex markup fee, and complimentary domestic & international lounge access—making it ideal for frequent travellers. Unlike the previous cards, this card also offers 25 MyCash on every train booking, enhancing its overall value. If you frequently travel and prefer MakeMyTrip over other portals, this card is definitely worth considering.

9. BOB Tiara Credit Card

Joining Fee: Rs. 2,499 + Taxes
Annual Fee: Rs. 2,499 + Taxes

Key Features & Benefits:

• Low forex markup fee of 2%
• Unlimited complimentary domestic lounge access for primary cardholder
• Complimentary annual memberships of Amazon Prime/ Disney Hotstar and Gana Plus, once per annum
• Complimentary 3 months Swiggy One membership, once per annum
• Complimentary 6 months Fitpass Pro Membership worth Rs. 15,000
• 500 discount every quarter each on Nykaa, Flipkart and Myntra
• 250 discount every quarter each on BookMyShow (Min. purchase of 2 tickets) and BigBasket
• 1,500 discount voucher every quarter for Lakme Salon
• 15 reward points for every Rs. 100 spent on dining, travel and internationally
• 3 reward points for every Rs. 100 spent on other categories
• Complimentary women’s health package, including Pap Smear & Blood Tests, Mammography package and more

Bank of Baroda Tiara Credit Card is an all-rounder card offering benefits across multiple categories like travel, dining, lifestyle, and more. With a reward rate of up to 3.75% on everyday spends, including dining and travel, it offers excellent value on day-to-day spends. Besides this, travel benefits like unlimited domestic lounge access and a low forex markup fee of 2% make it ideal for frequent travellers. However, it does not offer international lounge access, which may be a drawback for frequent international travellers. Despite this, its low forex markup and rewards on international spends make it a practical choice for international travel.

10. HSBC Privé Credit Card

Key Features & Benefits:

• Zero forex markup fee
• Complimentary companion air ticket
• Antarctic travel with a private jet
• Access to Michelin-starred restaurants
• Access to elite private clubs at 150+ locations
• Complimentary lounge access worldwide
• Exclusive offers on wellness programs & sessions with celebrity trainers
• Complimentary golf access in Asia Pacific

HSBC Privé Credit Card is designed for ultra HNIs seeking luxury travel and lifestyle benefits. Available exclusively to HSBC Private Banking clients with a TRV of over $2 million (approximately Rs. 12 Crore), this invite-only card offers premium benefits similar to Axis Bank’s recently launched Axis Primus Credit Card. While further details are awaited, it promises high-end benefits tailored for ultra HNIs.

Honorable Mentions 2024

Apart from the credit cards mentioned above, two other cards were launched this year targeting specific spending categories. Below, we have listed these two cards: Titan SBI Card, designed for consumers who want to earn accelerated benefits on jewellery purchases (a category that is usually excluded), and HSBC Taj Card, India’s first super premium co-branded hotel credit card, offering luxury travel and lifestyle benefits.

1. Titan SBI Credit Card

Joining Fee: Rs. 2,999 + Taxes
Annual Fee: Rs. 2,999 + Taxes

Key Features & Benefits:

• 5% value back on spends at World of Titan, Taneira, Titan Eye+, Helios, Fastrack, Skinn, Irth & Sonata, capped at Rs. 10,000 in a quarter
• 5% cashback on Mia/Caratlane/Zoya, up to Rs. 10,000 per quarter
• 3% value back on spends at Tanishq, maximum Rs. 25,000 in a quarter
• 6 reward points per Rs. 100 spent outside Titan brands
• 12,000 reward points worth Rs. 3,000 on payment of the joining fee
• 8 complimentary domestic airport lounges access in a year
• 4 complimentary international airport lounge visits in a year with Complimentary Priority Pass Membership

Titan SBI Credit Card offers decent value across multiple categories, but its standout feature is the accelerated cashback on gold and jewellery purchases from Titan-owned brands like Tanishq, Zoya, Caratlane, and Mia. Unlike most cards that exclude these spends, this card offers up to 7.5% value back—making it a valuable option for consumers who spend a considerable amount on this category. On other spends, cardholders can earn 1.5% value back through reward points, redeemable for Titan vouchers, further enhancing the co-branded value of this card. However, if you’re seeking value back on everyday expenses like groceries, dining, or general online shopping, this card may not be the best fit.

2. HSBC Taj Credit Card

Joining Fee: Rs. 1.10 Lakh + Taxes
Annual Fee: Rs. 1.10 Lakh + Taxes

Key Features & Benefits:

• Free night stay (plus breakfast) at a Taj Palace hotel and 2 nights at any participating hotel on card activation
• Complimentary Taj InnerCircle Platinum NeuPass Membership
• Free access to India’s premier executive business club, The Chambers Lounge (12 visits/year) and Taj Club Lounge (up to 12 times a year), with tea/coffee for 2
• Unlimited room upgrades to the next level of room or suite at participating hotels
• 25% savings on food and beverages, including Qmin deliveries
• Access to networking events featuring celebrated speakers, entertainment and masterclasses
• Unlimited airport lounge access worldwide
• Up to 5% off on Emirates flights originating in India
• 15% savings on duty-free with AdaniOne
• 4 chauffeur-driven limousine transfers a year offered via Blacklane
• 5 reward points for every Rs. 100 spent on participating hotel Taj, SeleQtions, Gateway, Vivanta, Ginger Hotels and amã Stays & Trails bungalows
• 5 reward points for every Rs. 100 spent on other categories

HSBC Taj Credit Card is a co-branded credit card offered in collaboration with Indian Hotels Company Ltd. (IHCL). This credit card is designed for affluent consumers seeking luxury travel and hospitality benefits. It offers exclusive benefits not only at Taj Properties but also across other IHCL hotels like SeleQtions, Gateway, Vivanta, Ginger, and amã Stays & Trails. In addition to hotel benefits, the card offers unlimited lounge access, discounts on flight bookings & duty-free spends, along with complimentary concierge services. Besides this, direct discounts on brands like Starbucks, Tira, PVR Cinemas, Zomato, and Swiggy further enhance the value. Overall, this card is ideal for HNIs, especially those looking to maximize returns on hotel stays.