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best credit cards in India

Swish! That's the ease of transactions these days. Credit cards in India have become a popular option nowadays. Be it the convenience of purchasing various things to the exciting rewards like cash-backs, credit cards offer a lot of benefits to their customers. Are you on the lookout for the best credit card in India with no annual fee? Interestingly, there are a lot of banks which offer zero joining fee. In the following analysis, we discuss the top 10 best credit cards in India 2021, for our readers and also search for the best free credit card in India. Let’s begin!

Top 10 Best Credit Cards in India for 2021

Card Annual FeeMinimum Income Required
The American Express Membership Rewards® Credit Card Rs. 1,000* Rs. 40,000 p.m. for customers below 32 years of age; Rs. 50,000 p.m. for others
IndianOil Citibank® Platinum Credit Card Rs. 1,000* Rs. 25,000 p.m.
HSBC Cashback Credit Card Nil Rs. 4,00,000 p.a.
Standard Chartered Super Value Titanium Credit Card Rs. 750 Rs. 55,000 p.m.
HDFC Regalia Credit Card Rs. 2,500 Rs. 90,000 p.m.
SBI Card Elite Rs. 4,999* Rs. 60,000 p.m.
Amazon Pay ICICI Bank Credit Card Nil Communicated at the time of issuance
SimplyCLICK SBI Card Rs. 499* Rs. 20,000 p.m.
Citi PremierMiles Credit Card Rs. 3,000* Rs. 25,000 p.m.
YES FIRST Preferred Credit Card Nil Rs. 1,20,000 p.m.

*GST will be charged.

**Income displayed here is for salaried individuals. The figures may thus vary for self-employed individuals as per the card issuer’s policies.

 

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1. American Express Membership Rewards® Credit Card

Annual Fee: Rs. 1,000 + GST

Minimum Income Required: Rs. 40,000 p.m. for customers below 32 years of age; Rs. 50,000 p.m. for others.

It is the best entry-level card and is ideal for those who want their shopping to be rewarded with redeemable points. It is also free for the first year.

Additionally,

  • Customers receive 4,000 bonus Membership Reward Points as a welcome gift.
  • Opportunity to earn 1,000 bonus Membership Reward Points on making four transactions of Rs. 1,000 or more every month.
  • If customers pay an annual membership fee in the 2nd year, they earn 5,000 bonus MR Points.
  • Customers can avail of up to a 20% discount at selected restaurants in India.
  • à la carte benefits like zero lost card liability, emergency card replacement, and 2 add-on cards at no additional cost.

AMEX is arguably one of the best credit card in India with a wide range of benefits.

2. IndianOil Citibank® Platinum Credit Card

Annual Fee: Rs. 1000 + GST

Minimum Income Required: Rs. 25,000 p.m.

It generally goes without saying that rising fuel costs are a concern for many individuals. Also for those who are looking to save some money on it, the IndianOil Citibank platinum credit card is just the ideal solution. Subsequently loaded with a variety of rewards, most of the benefits are as below,

  • Moreover, the customers receive up to 71 liters of free fuel in a year as fuel surcharge waiver and turbo points.
  • Customers will also get 4 turbo points for every Rs 150 spent on refueling at authorized Indian Oil petrol pumps across the country.
  • Customers will also get 2 turbo points on Rs 150 on grocery and supermarket purchases and 1 turbo point on all others.
  • Turbo points thus accumulated will never expire.
  • Exclusive concierge service thereafter from Citi Bank by way of assistance on call.
  • Contactless wave cards will also make shopping easier.
  • Citi Bank partner restaurants generally offer 15% off on dining.

Your hunt for the best credit cards in India has just got better with IndianOil!

3. HSBC Cashback Credit Card

Annual Fee: Nil

Minimum Income Required: Rs. 4,00,000 p.a.

It is thus ideal for those who are frequent shoppers and thus like to make purchases every now and then. It also offers great cashback to the customers on their purchases. Moreover, the features of this card are as below,

  • Two domestic or international airport lounge access or Two airport food vouchers worth Rs 400 each and subsequently a Swiggy voucher of Rs 250 as a welcome bonus.
  • Also, get up to 15% off on partner restaurants.
  • Customers to get up to 1.5% cashback for all online purchases except wallet transactions.
  • No joining fee.
  • Moreover, get exciting offers from partners like Big Basket, Amazon Pantry, etc.

So, all those shopaholics can avail of the HSBC card as it is one of the best credit cards in India in this category.

4. Standard Chartered Super Value Titanium Credit Card

Annual Fee: Rs. 750

Minimum Income Required: Rs. 55,000 p.m.

It is suited especially for those individuals who like to get something in return every time they use their credit card. Customers also get cashback on every purchase including fuel. Additionally, its features are,

  • Customers get up to 5% cashback on fuel purchases.
  • 1 Reward point is earned for every Rs 150 spent across various categories.
  • Moreover, in addition to the countless benefits, the customers also get complimentary Priority Pass membership.
  • Get access to Standard Chartered 360° rewards program.

Searching for a credit card that can give you the best shopping experience? Standard Chartered has a solution for you. It is one of the best credit cards in India with a host of benefits.

best credit card in india 2020

5. HDFC Regalia Credit Card

This is also ideally suited for those who are looking for something in every category available. Furthermore, it offers the customers discount on dining, travel, and also has a rewards program. Additionally, it offers a protection plan.

Annual Fee: Rs. 2500

Minimum Income Required: Rs. 90,000 p.m.

Let us have a look at its features,

  • Customers will also get Zomato’s Gold Membership for 1 year if they spend Rs 75,000 within the first 3 months after issuance of the card.
  • Additionally, 2500 reward points on payment of joining fee and renewal each year for the customers.
  • Every customer also gets up to 12 complimentary airport lounge access every year.
  • Customers also get up to 4 reward points for every Rs 150 spent on retail expenses like utility bills, rent, education, etc.
  • Customers can also get 10,000 reward points on spending Rs 5 lakh and an additional 5000 points on reaching Rs 8 lakhs.
  • Furthermore, an Emergency overseas hospitalization coverage of up to Rs 15 lakh.

From Zomato's premier membership program to exciting cashback, HDFC credit card promises its customers a great experience. It is one of the best credit card in India and we all know just why.

6. SBI Card Elite

Annual Fee: Rs. 4,999+ GST

Minimum Income Required: Rs 60,000 p.m.

Consequently, one of the most popular brands in the business. It thus suits the elite lifestyle as exclusive shopping vouchers from some high-end brands as a welcome gift as well as movie ticket benefits, Club Vistara membership, complimentary lounge visits, etc.

Furthermore, the most compelling features of this card are,

  • Free e-gift vouchers from up to Rs 5000 from Bata/Hush Puppies, Shoppers Stop, Yatra, etc for the customers.
  • Customers get free movie ticket worth Rs 6000 in a year in the form of Rs 250 vouchers every month.
  • 10,000 reward points on spending Rs 3 lakh and Rs 4 lakh for every customer.
  • Get 2 reward points per Rs 100 except fuel purchases.
  • 1000 airport lounge access subsequently across the world with many benefits.
  • Furthermore, customers are also given complimentary Club Vistara membership. Also, Club Vistara is the Frequent Flyers program from Vistara. Subsequently, the customers will also get access to Vistara lounges.

SBI! The name says it all. SBI card is one of the most popular shopping cards in India.

7. Amazon Pay ICICI Bank Credit Card

Annual Fee: Nil

Minimum Income Required:  Communicated at the time of issuance

This card is thus ideally suited for those who make purchases from Amazon frequently. It also offers huge cashback which are attractive ways to save. You also get additional cashback. Moreover, there is no joining fee in this.

Also,

  • Those customers who are also Amazon Prime members can get up to 5% cashback on all purchases in addition to other offers.
  • Customers who are non-Prime members can also get up to 3% cashback on their purchases.
  • 2% cash-back at Amazon Partners and on buying gift cards for every customer.
  • 1 Reward Point for this card is also equivalent to 1 rupee.
  • Also, Zero EMI on purchase of Rs 3000 for 3 to 6 months.

Amazon is rapidly changing the shopping landscape in India and its card promises a better customer experience.

best credit cards in India

8. SimplyCLICK SBI Card

Annual Fee: Rs 499 + GST

Minimum Income Required:  Rs. 20,000 p.m.

For all those who are also looking to maximize their online shopping experience, this card is just for you. It offers 10X reward points along with discounts for online purchases.

  • Rs 500 gift voucher as a welcome gift for the customers.
  • Customers also get 1 reward point on every Rs 100 spent on the card.
  • 5X reward points for every online purchase the customers make and also 10X reward points if they make a purchase through partners like SBI Card.
  • Contactless Wave Cards also issued to every customer which eases the POS experience. Again, this is an improvement over the existent card systems.

Coming from the biggest lender in the country, SimplyCLICK card has a variety of attractive features that promise a better experience for the customers. It is hands down one of the best credit cards in India 2021.

9. Citi PremierMiles Credit Card

Annual Fee: Rs. 3,000 + GST

Minimum Income Required:  Rs. 25,000 p.m.

Likewise, for those who do not mind spending a bit more on credit card fees in exchange for mind-blowing travel benefits like air miles on every purchase, lounge access, etc. Furthermore, the card also has the below features,

  • 10,000 Bonus Miles if the customers spend Rs 1000 or more within 60 days from the date of issue.
  • Up to 3000 miles on card renewal.
  • 4 miles for every Rs 100 spent across various categories. This is thus a huge incentive.
  • Earn 10 miles for every Rs 100 transaction they do with any airline in the world.

As the tagline for Citibank goes, 'Live Richly', so it does live up to its reputation as a customer-friendly best credit card in India 2021.

10. YES FIRST Preferred Credit Card

Annual Fee: Nil

Minimum Income Required:  Rs. 1,20,000 p.m.

Finally, this comes from Yes Bank and is ideally suited for all those who travel and shop frequently. Customers can subsequently redeem their points to get vouchers, miles, or various merchandise.

  • 10,000 reward points on making their 1st purchase within 90 days of activating the card.
  • Additionally, Priority Pass Membership along with 4 free visits per year.
  • Subsequently, 7500 reward points credited for renewing their fee each year.
  • Can also convert their reward points into Intermiles in a 4:1 ratio.
  • Moreover, 25% off tickets booked through BookMyShow.
  • Additionally, the customers will get cover as life cover, medical insurance, and credit shield cover.

Indeed, YES Bank card is one of the most talked about and best credit card in India 2021 and for good reason. It offers a lot of features with a huge reward point and additional bonuses.

Credit Cards have added a great degree of comfort to the lives of people. Moreover, the credit card industry in India has been predicted to grow at a CAGR of 25% from 2021 to 2025 owing to the increasing popularity of these cards and the trend of buying first and paying later. As a result, there are many popular companies like SBI, HSBC, ICICI, Amazon to name a few that offer credit cards in India with a variety of benefits for the consumers.

Consequently, the above compilation of the 10 best credit cards in India will thus help every individual to compare and choose the one suited for them. It is thus important to note that though it is a popular option these days, it is equally necessary to use it wisely on only those expenses which are urgent. Following a financial discipline is thus of particular value. It will ultimately help you in improving your credit score which will be beneficial for you in the future.

 

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Want to know which Credit Card is best for you?
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