Credit Cards

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Best Credit Cards in India
2017 - Review & Analysis


List of Top 25+ Credit Cards in India on the basis of Income/ Salary , Traveling , Dining , Entertainment , Shopping , Rewards Points , Petrol Fuel Offers , Lifetime Free Cards. EMI Schemes on Ebay, Snapdeal, Flipkart, Amazon, Jabong, Myntra Shopping Offer You can also check Zero Fee, Free Life time credits which offers basic deals.


Credit cards are now a need that very few of us can ignore. In today’s world, everything is online and most people prefer plastic money over cash. So, in order to determine the best credit card as per your requirement, you must be aware of the benefits and features of different cards available in the market. The best way to choose a credit card is to be very true with your requirements and spending tendencies. If you choose a card whose reward structure matches your need, you can surely save yourself from debt. For eg. If you travel a lot by flight, a airlines miles card would be beneficial for you and if you drive a lot, a fuel card would be more useful.

Confused among features & benefits of different credit cards? Check these features before applying for any credit card:


How to choose best Credit Card

Annual Fee- It's the fee that is charged by the bank for giving you a particular Card or service. There are few Credit Cards in Indian Industry which are Free.

Best Fuel Credit Cards

best creditcard

Offers On SBI Credit Cards
for Festive Season 2017


Gift your wife a jewellery from Joyalukkas and get 25% on gold jewellery with SBICard.

Travel via spicejet.com flights and pay back in EMIs with SBICard.

On this Durga puja, buy gifts from MAX and enjoy 5% cashback with SBICard.

Surprise her with a diamond ring on this festive season! Buy a diamond jewellery from Joyalukkas worth Rs 50,000/- and get 1 gram gold coin absolutely free with your SBICard.

Celebrate this festive season with Central and get additional 5% discount with your SBICard.

Want to buy the latest iPhone? Visit your nearest Apple store and take advantage of EMI deals with SBICard Convert2EMI.

Get additional 5% on shopping from Reliance trends with SBICard.

Shop at Great Eastern Electronics stores (home appliances, gadgets and more) and get 5% cashback on your SBICard.

Buy a refrigerator from your nearest LG store and pay back in EMIs with SBICard.

Convert2EMI

Its time to get fit! Be a member of VLCC and pay back in EMIs with SBICard.

SHOP at Big Bazaar to get 5% discount on your SBICard.

Plan a trip with Traveltriangle and get discounts on your SBICard.

LIST OF ALL CREDIT CARDS IN INDIA


HDFC Bank Moneyback Credit Card

HDFC Bank Moneyback Credit Card

ANNUAL FEE
Rs. 500

JOINING FEE
Rs. 500

2 Reward Points (RP) on Rs 150 spent. 2X Reward Points on online spends

Redeem Reward points as CashBack on your MoneyBack Credit Card (100 Reward Points = Rs 30)

Fuel Surcharge Waiver capped at ? 250 every billing cycle (ST applicable)

HDFC Bank Solitaire Credit Card

HDFC Bank Solitaire Credit Card

ANNUAL FEE
As applicable by Bank

JOINING FEE
As applicable by Bank

3 points per Rs. 150 spent + 50% additional points on Grocery & Dining spends

Shoppers Stop voucher of Rs. 1,000 on overall spends of Rs. 75,000 every 6 months

Fuel surcharge waiver of 2.5% across any petrol pump in India

American Express MakeMyTrip Credit Card

American Express MakeMyTrip Credit Card

ANNUAL FEE
Rs.1500

JOINING FEE
Rs.750

Welcome gift1 of 2 MakeMyTrip vouchers, each worth Rs.1,000.

Welcome gift1 of 2 MakeMyTrip vouchers, each worth Rs.1,000.

Discounted access to 31 Domestic Airport Lounges2 at 14 cities in India.

Up to 70% Cash back3 on Hotel bookings made via MakeMyTrip.com.

3% cash back4 at leading fuel stations across India.

5% cashback5 on your MakeMyTrip bookings.

HDFC Bank Diners Club Rewardz

HDFC Bank Diners Club Rewardz

ANNUAL FEE
Rs. 1,000

JOINING FEE
Rs. 1,000

First year and Renewal Membership Fee Rs. 1000 = applicable taxes

Welcome benefit of 1000 Reward Points and renewal benefits of 1000 Reward Points* (applicable only after membership fee is realised)

Redeem points fro booking Air Tickets/Hotels across 150+ Airlines and Choice of hotels (Domestic & International) at www.hdfcbankdinersclub.com (1 Reward Point = Rs. 0.75)

American Express Gold Card

American Express Gold Card

ANNUAL FEE
Rs.4500

JOINING FEE
Rs.1000

Welcome gift1 of Rs. 1,000 as Statement Credit on successful Card approval.

1,000 Bonus Membership Rewards Points for simply using your Card 4 times on transactions of Rs. 1,000 and above every month.

Greater flexibility2 in spending with "no pre-set" limit.

3% cash back3 at leading fuel stations across India.

Redeem rewards points from the fabulous 18 carat and 24 carat Gold Collection

Benefits on your travel bookings with MakeMyTrip.com

SBI SimplySave

SBI SimplySave

ANNUAL FEE
Rs.499 (one time)

RENEWAL FEE
Rs.499 (per annum)

Get Rs. 100/- cash back on first ATM withdrawal

2.5% Fuel Surcharge Waiver*

4 Reward Points = Rs. 1/- X Dining

Worldwide acceptance

Easy EMIs with Flexipay

HDFC Bank Doctor's Superia Credit card

HDFC Bank Doctor's Superia Credit card

ANNUAL FEE
As applicable by Bank

JOINING FEE
As applicable by Bank

Limited Period Offer (w.e.f 01.11.2016) Get a Lifestyle voucher worth rs. 500 fir 3265 Reward Points as against 1750 Reward Points

Welcome Benefit = 1000 Reward Points

3 Reward Points on every Rs. 150 spent. Get 50% more on dining spends

American Express Platinum Travel Credit Card

American Express Platinum Travel Credit Card

ANNUAL FEE
Rs.5000

JOINING FEE
Rs.3500

Welcome Gift1 of 5,000 Milestone Bonus Membership Rewards Points redeemable for IndiGo Vouchers worth Rs.4000.

Spend Rs.1.90 lacs in a year and get IndiGo Vouchers2 worth more than Rs.7,700.

Spend Rs.4 lacs in a year and additionally get IndiGo Vouchers2 worth more than Rs.11,80033.

Also get a voucher4 worth Rs.10,000 from the Taj Group.

4 complimentary visits per year to 31 airport lounges in Delhi, Mumbai, Bengaluru and 10 other cities.

Get 3% cash back5 at leading fuel stations across India

SBI Platinum Card

SBI Platinum Card

ANNUAL FEE
Rs.2999 (one time)

Renewal Fee
Rs.2999 (per annum)

Welcome e-Gift worth Rs. 3,000

5 Reward Points = Rs. 1 X Dining

Access to more than 300 golf courses across the world

Balance transfer on EMI

Get a card for anyone from family



Conclusion


1. If you need a credit card only for ad-hoc basis or just at times that you don’t want to carry cash- opt for any credit card which has no fees. It will save you from any unnecessary charges.

2. If you have your own vehicle and you spend on petrol or diesel for more than 2000 a month- Opt for a petro card and start using that card for your refills- this will increase your overall savings.

3. If you are a frequent flier – Opt for travel cards- it will help you in getting miles or few tickets free in a year and can be the free holiday that you been looking for.

We hope this article was helpful and now you can make a diligent choice about the credit card to apply for.


Updated Information on Credit Cards in India


-Reserve Bank of India data shows that the debt of an average Indian credit card user is rising at an alarming rate. The recent RBI data shows credit card outstanding amount od ₹ 42,100 crore at the end of May 2016 as against ₹ 27,000 crore during the 2008 crisis period. The reason behind this is the annual interest on credit card outstanding ranges between 36 and 48 per cent.

-Reserve Bank India (5th October 2016) is to boost card use funds resulting in a big boost to the acceptance of debit cards in shops in rural and semi-urban areas. The fund is expected to subsidize setting up of a point of sales terminals or machines that enable acceptance of credit cards in areas where banks do not consider it viable to do so.

-State Bank of India is gearing up to introduce payments through mobile phones that will be an add-on to the competition in the mobile wallet services segment. The bank plans to make its credit cards in the user’s mobile phone and facilitate payments through the host card emulation technology (HCE), which neither requires swiping nor reading an embedded chip.

– Credit Cards for Women: Kotak Mahindra Bank has launched credit cards only for its women customers. ‘Kotak Silk Inspire’ credit card can be availed against fixed deposits and targets housewives with no fixed income. The card will offer 5% savings on apparel, fuel surcharge waiver and Silk Inspired Shield for protection against the misuse of the card.

HDFC Bank has also introduced HDFC Bank Solitaire Premium Women’s Credit Card with the welcome gift of one-time free wellness package from Apollo and Shoppers Stop voucher of worth ₹ 2,000 on cumulative spends of ₹ 2,00,000 every 6 months.

-Credit Cards for Students: State Bank of India has introduced SBI Student Plus Advantage Card exclusively for education loan customers. The joining is free of cost and the users can enjoy up to 80% cash withdrawal limit. On international spends, you can get 10X reward points and the reward points can be used to pay the outstanding balance.

-On 2nd October 2016, Bihar CM Nitish Kumar launched credit card for students. It is an education loan in which the government will pay the interest. Under this scheme, students who have passed Class XII will be able to avail credit card and can withdraw up to Rs 4 lakh while pursuing any professional course.

-HSBC launches ‘simple two-click process’ to apply for credit cards. The bank has announced the launch of a customer-friendly digital initiative for customers of the bank’s retail banking and wealth management arm can apply for a credit card through HSBC India ATMs or when they log on to internet banking.

-Now you can pay bills, buy movie tickets or repay the loan without using your credit card. The machine enables payment via registered mobile (OTP) and Aadhaar platform for domestic remittances and currency deposits.