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Credit Cards in India
A credit card is a plastic card that allows you to borrow funds instantly either from a lender which could be a bank or other financial service provider. One can use the credit card at the point of sale or do online shopping for almost anything and everything. Carrying a wad of cash in your pocket is quite inconvenient and the growth in acceptance of Non-cash mode everywhere has made credit cards a must to have in your wallet.
Almost every commercial bank in India offers their credit card services with wide gamut of variants and other add-on services. Once you have borrowed money for shopping using a credit card, the lender allows you to pay back the same within a stipulated timeline without any penal interest. In this age of cut edge competition, banks offer various types of credit card with unique features such as cash back or rewards points.
Top Ten Credit Cards in India
While there are numerous credit card provider in Indian Market, there are various features which separate one credit card from the other such as Reward points, cash back on Fuel purchase, Offers on shopping travel & Dining.
Below mentioned are the Top Ten prominent credit card providers in India currently. You may select a card based on your Usage preference & the perks & rewards they offer.
- ICICI Bank Coral Contactless Credit Card
- American Express – Jet Airways Platinum Credit Card
- Citi Bank Indian Oil Platinum Card
- HSBC Visa Platinum Card
- CitiBank Cashback Card
- SBI Yatra Credit Card
- Axis Bank Neo Credit Card
- HDFC Diners Club Credit Card
- Kotak PVR Gold Credit Card
- IndusInd Bank Platinum Card
HDFC Diners Club Credit Card
This is one of the most admired premium cards in India. The card not only comes with incredible reward point benefits, but also offers several other payback such as provides the golf club benefits, domestic & international travel benefits as well as the lifestyle benefits. The card is considered to be one of the most secured one due to its MasterCard secure code feature. The card comes with nil joining fees for the first year.
American Express – Jet Airways Platinum Credit Card
This is one of the most sought credit cards in India intended for an extraordinary travel experience. The card is offered by the American Express in collaboration with Jet Airways. This card comes with some of the most unique rewards scheme such as 10,000 Bonus JP Miles and one way domestic flight ticket of jet airways with base fare waived as a part of welcome gift. The joining fee for first year is Rs.5, 000 plus taxes and thereafter Rs.10, 000 plus taxes.
Citibank Indian Oil Platinum Card
The Citibank – Indian Oil credit card is one of the highest sold credit cards in the fuel cash back segment. This card is offered in partnership with the Indian Oil- A leading fuel service provides in India. The fuel credit card now only allow you to save your hard earned money on fuel purchase but also allows you to earn rewards points every time you get your car filed at the Indian Oil petrol station.
HSBC Visa Platinum Card
The HSBC credit card comes with unlimited benefits & rewards points. The card is highly appreciated globally on account of the cashback, offers reward points, instant discounts & much more. The card holder can avail 10% cashback on all the shopping done within 90 days of on-boarding. The card holder can also avail fuel surcharge waiver & discounts on dining at HSBC Dining Privileges. One of the most striking features of this card is nil joining fees.
Citibank Cashback Card
The Citibank cashback credit is intended for those who love to shop and earn reward points in return. The cardholder gets the benefit on every single penny spend through cashback and other various other benefits. With the feature of contactless payment you can simply tap the card at any contactless terminal & pay. It is not required to remember and put your pin.
SBI Yatra Credit Card
The SBI Yatra credit card is one of the best travel credit cards in India offered by the State Bank of India – the biggest public sector bank in India and Yatra.com which is a leading travel service provider. This card offers a bunch of rewards and offers on all domestic & international travel, apart from the multiple other benefits for the cardholders.
The Joining Fee for first year is Rs.499 + GST and same amount is applicable per year from subsequent year onwards.
Axis Bank Neo Credit Card
This card is endowed to the movie goers & shoppers. It has some of the best offers on shopping, dining & entertainment anywhere in India. Not only the cardholders can earn reward points on each and every spending but can also purchases on EMI. The card is highly secured one due to the EMV certified chip and the cardholders can enjoy zero lost card liability in case of any misfortune. Also No annual fee is levied for the first year.
ICICI Bank Coral Contactless Credit Card
This is one of the highest sold credit cards in recent times in Indian Market. On account of its exclusive feature of contactless payment, the cardholders need not to bother about remembering the pin every time while shopping. All they have to do is tap the card at any terminal and pay directly. The card offers unlimited choice of partner restaurant where the cardholder can avail discount of 15% on the dining bills & Cashback benefit of 2.5 % & 1% waiver on the fuel surcharge for a minimum spend of Rs.4,000 per transaction at any HPCL petrol pump. The joining fee for this card is Rs.500 plus taxes.
Kotak PVR Gold Credit Card
The Kotak PVR gold card is offered by the Kotak Mahindra Bank in collaboration with PVR Cinemas and has been designed exclusively for movie goers. The card holder can avail one free movie ticket at PVR cinemas on a minimum spending of Rs.10,000 in one billing cycle or two free movie tickets at PVR cinemas on a minimum spending of Rs.15,000 every billing cycle. No joining fee is charged for the first year on this card.
IndusInd Bank Platinum Card
This card is dedicated for the premium customer segment who desires to avail all the luxury benefits while spending through their card. The card has multiple lifestyle & dining benefits for the cardholders.