Credit Cards are one of the best and preferred option for geting great deals and discounts on various niches. They are best for increasing the purchasing power of an individual by creating fund for instant need. The best way to make the most of credit cards is to select one that complements your spending style and lifestyle. To your information, you can get a credit card for rewards, cashback, rewards, travel, shopping, airline tickets, and other premium features.
There are various Banks/NBFCs that are offering various credit cards with amazing benefits. However, choosing the best amongst them can be quite challenging. Therefore, to help you out we have a gathered some best credit cards with affordable interest rates for your reference. You can pick one according to your needs and demands from our list. So, why to wait more? Let’s get started with it.
Top 7 credit cards in India
The table below will walk you through the top credit cards in offered by various lending organizations:
Detailed information about the Credit Cards
It’s a premium card type
It’s best suited for those looking for rewards and travel benefits
Its renewal fee is INR 4999 which is reversed on an annual spend of rupees 10 lakhs.
The minimum income required to get this card is 60,000 per month
It offers the welcome benefit of gift cards water please 5000
Its best feature is that you can earn 50,000 bonus points annually and a club Vistara and Trident privilege membership.
It is a premium card type.
Best Suited for: Shopping & Travel
Its joining fee is: Rs. 2,500
The renewal fee is 2500+18% GST SRB based (1 LAKH) used within 3 month
4 reward points per Rs. 150 on all spends, such as insurance, education, utilities, and rent.
Best feature: Earn 4 Reward Points on every Rs.150 spent
It is a premium shopping card
Joining Fee: 500 + 18% GST
Annual Fee: 500 + 18% GST ( No annual fee on spending INR 200,000 in a year)
Welcome Benefit: INR 500 worth Flipkart vouchers on your first transaction with your Flipkart Axis Bank credit card.
4X Rewards on travel and tour agencies, package tour operators, hotels, airlines, and air carriers.
Complimentary visits to partner lounges under the Visa Lounge Access
Get 2 BookMyShow vouchers at the first swipe of the card
Fuel Surcharge Waiver of 1% at fuel stations
Ensures your credit card and get a cover of Rs. 2,50,000 in case of any theft or loss.
A Mid-level type credit card
Best Suited for Cashback and Online Shopping
Joining Fee is Rs. 1,000
Renewal Fee is Rs. 1,000 (Waived off on spending Rs. 1 lakh in the previous year)
The reward points validity is for 2 years
₹1000 worth gift vouchers on spends of ₹1,00,000 and above in each calendar quarter.
You can get supplementary credit cards for your family members.
Get the benefits of a contactless credit card.
Pay any transaction worth more than Rs.5,000 in the form of easy EMI through the ‘Kuch Bhi on EMI’ feature.
Earn more through Standard Chartered 360° rewards programme.
Convert your entire transactions (up to Rs.5 lakh) into easy EMIs.
It is super-premium type credit card.
Enjoy golf at some of India’s most scenic courses and clubs.
Buy 1 get 1 offer on Movie Tickets.
Direct access to over 600 VIP airport lounges around the world.
EazyDiner prime membership benefit.
How to choose the best credit card for you?
To help you get the right credit card it’s important that you ask yourself the below questions so that you land on the right place.
What choices do you have (especially if concept of credit card is new to you)?
Have you got a credit card already?
Do you prefer rewards, cashback, or air miles as your preferred form of value return?
Which kinds of purchases would you prefer to receive the biggest value back?
Do you like a particular brand, online retailer, or airline?
Would you be willing to pay an annual charge of a particular amount if the card offered the proper perks to meet your needs?
Are you a big spender who could reach the expenditure requirement to receive the fee waiver or milestone benefits?
Understanding your spending habits and deciding on the kind of value-back you want from the card is the ideal place to start when selecting the finest card. You may compare and apply for the top credit cards in India at ReferLoan if you want to make a wise decision.
Eligibility Criteria
Before you apply for a credit card, it’s important for you to know under what eligibility criteria it falls. This can vary from lender to lender however, we have listed below a common criteria for the same.
Documents required
The required list of documents may vary from one lender to another. However, here’s a common list of documents they usually ask for:
Identity and Signature Proof including Passport, PAN card, Driving Licence, Voter ID card, Aadhaar Card.
You must have a address proof for your bank statement, rent agreement, voter ID card, ration card or passport.
Your Voter ID card or Secondary School Certificate (class 10) is acceptable as proof of age. You must have your Passport, Aadhaar Card, and birth certificate to prove your identity. A pension payment order or Receipt of LIC policy can also be used for this purpose if you don’t own a voter ID card.
Conclusion
Credit card is a very useful asset if utilized at the right place. You can easily make any payment from your credit card without worrying about carrying cash in your pocket everytime. So, it’s high time to get a credit card yourself and enjoy amazing benefits and deals that comes along with it.
FAQ's
A debit card is linked to your savings or current account, but a credit card is a form of bank loan. This is the fundamental distinction between a credit card and a debit card. When using a debit card, there are no interest fees because the money is taken directly out of the linked savings or current account. On a credit card, however, the sum is subtracted from your available credit.
Premium credit cards include higher yearly fees but can provide additional rewards for eating, entertainment, travel, and other aspects of life. Some premium card advantages include access to international airport lounges, concierge services, and flight accident insurance.
Some credit cards have the option to consolidate debt, transfer outstanding balances from other cards, and make payments in equal monthly instalments. In order to entice customers to transfer balances from other cards, banks also provide low introductory offers.