Best Credit Cards in India 2017 – Reviews & 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.

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

Fees and charges
Latest offers on Travel
Offers on Entertainment
Offers on Dining
Savings on fuel
Benefits on online transactions & shopping
Accidental cover
Rewards points & cash back

HDFC Bank Credit Card | SBI Card | American Express


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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.

Best Fuel Credit Cards

Latest Offers on SBI Credit Cards for Festive Season 2017

# Gift your wife a jewellery from Joyalukkas and get 25% on gold jewellery 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
# Get additional 5% on shopping from Reliance trends with #SBICard
# Its time to get fit! Be a member of VLCC and pay back in EMIs with #SBICard
# Travel via spicejet.com flights and pay back in EMIs with #SBICard
# Celebrate this festive season with Central and get additional 5% discount with your #SBICard
# Shop at Great Eastern Electronics stores (home appliances, gadgets and more) and get 5% cashback on your #SBICard
# SHOP at Big Bazaar to get 5% discount on your #SBICard
# On this Durga puja, buy gifts from MAX and enjoy 5% cashback with #SBICard
# Want to buy the latest iPhone? Visit your nearest Apple store and take advantage of EMI deals with #SBICard #Convert2EMI
# Buy a refrigerator from your nearest LG store and pay back in EMIs with #SBICard
# Plan a trip with Traveltriangle and get discounts on your #SBICard

List of Best Credit Cards in India

SBI Simply Save Card

Joining Fee – ₹ 499
Get ₹ 100 cash back on first ATM withdrawal
2.5% Fuel Surcharge Waiver*
4 Reward Points = ₹ 1 X Dining
Worldwide acceptance
Easy EMIs with Flexipay

SBI Platinum Card

Joining Fee – ₹ 2999
Welcome e-Gift worth ₹ 3,000
5 Reward Points = ₹ 1 X Dining
Access to more than 300 golf courses across the world
Balance transfer on EMI
Get a card for anyone from family

SBI Signature Card

Joining Fee – ₹ 4999
Welcome e-Gift worth ₹ 5,000
Get ₹ 500 off on BookMyShow on every month transaction
Earn ₹ 20,000 bonus Reward Points every year
Replace your card anywhere in the world

ICICI Bank HPCL coral Credit Card

Joining Fee – ₹ 199 + service tax
Annual Fee – NIL (First year)
Reduce Fuel Bills with 2.5% Cashback
Save up to 15% on your dining bill
Enjoy ₹ 100 discount every month on up to 2 movie tickets

American Express® Platinum ReserveSM Credit Card

First year Fee: ₹ 5,000*
✓ Second year onwards: ₹ 10,000*
Get a Welcome e-Gift worth ₹ 11,000
Enjoy up to 30% discount and additional 5% cash back at more than 1200 restaurants

American Express® Platinum Card

Annual Fee₹ 5,000*
Complimentary membership to Shangri-La Golden Circle’s Jade tier, Taj InnerCircle, Starwood Preferred Guest Gold Programme, Club Carlson Gold Elite status and Hertz Gold Plus Rewards
Annual Fee₹ 5,000*
Benefits at 900+ Fine Hotels & Resorts properties worldwide
Complimentary gift at 20 premium courses

The NEW American Express® MakeMy Trip Credit Card

First year fee: ₹ 750*
Second year onwards: ₹ 1,500*
Welcome Gift: 2 MMT vouchers each worth ₹ 1,000
Welcome Gift: 9 MMT vouchers each worth ₹ 1,000
Enjoy 5% cash back on MakeMyTrip bookings
Get a MakeMyTrip voucher worth ₹ 2,000 on spending ₹ 1.25 lacs and an additional MakeMyTrip voucher worth ₹ 5,000 on spending Rs. 2.5 lacs, every year*

Jet Airways American Express®Platinum Credit Card

First year Fee: ₹ 5,000*
Second year onwards: ₹ 10,000*
Welcome Gift: Get a Welcome Gift of 10,000 Bonus JPMiles + one-way complimentary Jet Airways Base Fare Waived Domestic Ticket² on your first charge.
Get complimentary Trident Privilege Gold Tier membership along with 2 room upgrade certificates at 9 Trident Hotels
Complimentary visits to 15 Domestic Airport Lounges at 12 cities in India

The American Express® Platinum Travel Credit Card

First year fee: ₹ 3500*
Second year onwards: ₹ 5,000*
Welcome Gift: Get a Welcome Gift of 5000 Milestone Bonus Membership Rewards Points redeemable for IndiGo Vouchers worth ₹ 4,000
Enjoy complimentary membership³ to Priority Pass, with the US$99 annual membership fee waived off

American Express® Gold Card

First Year fee : ₹ 1000*
Second Year onwards : ₹ 4500*
Earn 1000* Bonus Membership Rewards® Points for simply using your Card 4 times every month
Redeem from the fabulous 18 carat and 24 carat Gold Collection
Enjoy flexibility in spending with no predefined credit limit.

HDFC Bank Moneyback Credit Card

Annual Fee – Nil
Joining Fee – Nil
2 Reward Points (RP) on Rs 150 spent. 3X Reward Points on online spends
Redeem Reward points as CashBack on your MoneyBack Credit Card (100 Reward Points = Rs 40)
Fuel Surcharge Waiver capped at ₹ 250 every billing cycle (ST applicable).

ICICI Bank Rubyx Credit Card

Joining Fee – ₹ 3,000 + service tax
Annual Fee – ₹ 2,000 (2nd year onwards; waived off if spends cross ₹ 2,50,000 in the previous year)
Welcome Gift: Sennheiser HD219 Headphones
Buy 1 ticket and get the other ticket free any day of the week, on www.bookmyshow.com. Get up to 2 free tickets per month valued at up to ₹ 250 per ticket.
Minimum 15% discount on dining bill at 800 tie-up restaurant

HDFC Bank Titanium Times Card

25% discount on Movies & upto 15% discount on Dining
Welcome gift vouchers for shopping, apparel, dining & much more
5 Reward Points on every ₹ 150 spent for Weekday Dining
2 Reward Points on every ₹ 150 spent – All other spends

HDFC Bank Platinum Edge

Redeem Reward points against the outstanding balance on your Credit card

2 points per ₹ 150 spent + 50% more Reward points on Dining spends

100 Reward points = ₹ 30 CashBack

Interest free credit facility up to 50 days from the date of purchase

HDFC Bank Solitaire Credit Card

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

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

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

RBL Bank Platinum Maxima Credit Card

Joining Fee : Nil
Annual Fess: ₹ 2000 p.a.(2nd year onwards)
Renewal fees: ₹ 2000 p.a.*  5 X rewards on Dining, Entertainment, Utility Bills Payments & fuel
Benefits worth ₹ 18,000
Get additional 10,000 reward points on further achieving 3.5 Lakhs of annual spends on the card
 Use your card for purchases of Rs 2 Lakhs or more in a year and get 10,000 reward points

HDFC Bank Platinum Times Card

25% discount on Movies & upto 20 % discount on Dining (at participating outlets)

Welcome gift vouchers for shopping, apparel, dining & much more

10 Reward Points on every Rs 150 spent for Weekday Dining

3 Reward Points on every Rs 150 spent – All other spends

RBL Bank Titanium Delight Credit Card

Joining Fee –Nil
Annual Fee – ₹ 750 (2nd year onwards)
Benefits worth – ₹ 7500
No surcharge on Fuel
5% value back on Big Bazaar every Wednesday
Get 4000 Reward Points on purchase of ₹ 1,20,000 or more in a year and get a gift voucher of ₹ 1,000
10% value back on Pizza Hut/Domino’s every Wednesday

HDFC Bank Regalia Credit Card

Joining Fees – NIL
Annual Fee – ₹ 2500
Complimentary Taj Epicure Plus Membership
Complimentary Priority Pass Membership to over 850+ airport lounges
Lowest foreign currency markup of 2% on all foreign spends
0% of the fuel surcharge

HDFC Bank Teacher’s Platinum Credit Card

Joining Fee – NIL
Annual Fee – ₹ 500
Reward Points – 2 Reward Points per ₹ 150 spent.
Weekend Bonanza – 3X Reward Points on weekend spends.
2,400 Reward Points on weekend shopping
Gift of 500 Reward Points on Teacher’s Day (5th Sept.) every year
0 Lost Card liability post reporting card loss to bank

HDFC Bank Diners Premium

Joining Fee – NIL
Annual Fee – ₹ 2500
Five complimentary access to 650+ lounges worldwide in a year
Unlimited complimentary access to 25+ lounges across domestic Airports in India
Welcome benefit of 2500 Reward Points + Renewal benefit of 2500 Reward Points
Lowest Foreign Currency Markup of 2%
2X Reward Points on booking air tickets/hotels across 150+ Airlines at www.hdfcbankdinersclub.com
Redeem Reward Points for booking Air Tickets/Hotels across 150+ Airlines at www.hdfcbankdinersclub.com ( 1 Reward Point = ₹ 0.75)

Standard Chartered Platinum Rewards Card

Annual Fee – Nil

5X Reward Points on fuel spends in India
Earn 2X Reward Points for every ₹ 150 spend across all categories
Get 5X Rewards at leading hotels, dining outlets and more, both in India and overseas

Standard Chartered Super Value Titanium Card

Annual Fee – 750

1 Reward Point for every Rs. 100/- spent on all categories
5% cash back on all fuel spends at any petrol pump
5% cash back on mobile and telephone bills
5% cash back on utility bill payments
2.5% surcharge reversal on all petrol pumps

 

 

A Credit card is a product which gives you

  1. Freedom to carry cash for your shopping thus adding convenience.
  2. Credit of max 45 days from the day you spend without any charges.
  3. Discounts, Cashback & Rewards on usage on buying certain products.

Things to Keep in Mind Before Choose the Best Credit Card:

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

 

List of Best Petrol Credit Cards:

Best Fuel Credit Card Offers
Citibank Indian oil platinum card Earn 4 Turbo Points for every Rs 150 (2.67%) of fuel purchased, Full waiver of the fuel surcharge (2.5%) on fuel purchases, 1 Turbo Point equals Rs 1 worth of fuel.
ICICI Bank HPCL Platinum Credit Card Up to ₹ 100 Cashback on fuel purchases at HPCL pumps month on month, year on year can be availed when the Card is swiped on ICICI Merchant Services swipe machines, Save on 2.5% fuel surcharge, ₹ 500 Promotional Cashback
Standard Chartered Super Value Titanium Card 5% cash back on all fuel spends at any petrol pump, 2.5% surcharge reversal on all petrol pumps
SBI Simply Save 2.5% Fuel Surcharge Waiver*

Must Read Articles: How to use interest free period in credit cards smartly?
Also, let’s take a look at the Bank wise breakup of the percentage of Credit cards allotted.
Best Credit Cards Market Share - Deal4loans

HDFC is the Indian market leader in issuing credit cards closely followed by SBI Card and ICICI Bank.

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.