10 Best Credit Cards in India 2024 [Updated List] - Features (2024)

10 Best Credit Cards in India 2024

Factors to Consider for Choosing the Best Credit Cards in India

The following are the few factors which you need to consider before opting for the credit card that is best suited to your needs:

Credit Score: With a higher credit score, you can increase your chances of getting your credit card application approved and enjoy a higher credit limit.

Interest Rates: The interest rates charged for the credit card can vary from one card to another. Hence, do consider the interest rate charged when opting for a credit card of your choice.

Fees: Many credit cards come with annual fees and joining fees and it is important that you understand how much fee you will need to pay while opting for a credit card.

Offers and Benefits: Benefits such as reward points, airmiles, instant discounts, cashback and welcome benefits should also be considered so that you can get the maximum value possible by using your credit card.

Best Credit Cards Based on Top Categories

The below mentioned are few of the popular credit cards in India

Features & Benefits of Top 10 Credit Cards in India

We have shortlisted a few credit cards that offer a variety of exciting features and benefits. You can read about them below:

RBL Bank BankBazaar SaveMax Credit Card

The RBL Bank BankBazaar SaveMax Credit Card, a lifetime free card, offers a suite of unforgettable features aimed at making your everyday transactions more rewarding. With a focus on your preferences and needs, this card provides benefits that enhance the value of your spending moments.

Benefits and Features:

Discover the unique perks of the RBL Bank Savemax Credit Card detailed below:

• The RBL Bank BankBazaar SaveMax Credit Card comes with a lifetime free membership, ensuring you can enjoy its benefits without any annual charges.
• Earn 5x reward points on all grocery spends, making routine payments rewarding. Up to 1,000 reward points can be earned every month.
• Benefit from the reward points scheme, earning 1 reward point for every Rs.100 spent on the SaveMax Card. Please note that reward points are not accrued on utilities, railways, insurance, and government services categories.
• Enjoy 10% cashback on expenditures with Zomato and BookMyShow, up to Rs.100 each month for both services.
• Access a free credit advisory report every month on BankBazaar.com, ensuring you remain informed about your credit status.

FinBooster: YES Bank - BankBazaar Co-branded Credit Card

The YES Bank Co-Branded Credit Card, in partnership with BankBazaar, offers a lifetime-free membership with accelerated reward points on various spends. Featuring a real-time dashboard and contactless transactions, it provides added security with MasterCard® SecureCode. Additional benefits include insurance coverage, fuel surcharge waivers, and a customizable rewards subscription plan. Eligible individuals can enjoy these perks with no first-year or renewal membership fees and convenient features such as instant EMI and card control through their phones.

Benefits and Features:

Dive into the distinctive benefits offered by the Yes Bank Finbooster Credit Card outlined below:

• Lifetime-Free Membership. No annual charges for a lifetime, making it a cost-effective choice.
• Earn reward points swiftly on various spending categories, enhancing the value of transactions.
• Monitor and manage your credit score in real-time for better financial insights.
• Enjoy the convenience and security of contactless transactions through NFC technology.
• Avail Rs.2.5 lakhs credit shield cover on the accidental death of the primary cardholder.
• Benefit from a 1% fuel surcharge waiver at all fuel stations for transactions between Rs. 400 to Rs.5,000.
• Customizable Rewards Subscription Plan. Choose and redeem reward points according to your preferences.
• Additional Rewards for Specific Spends. Earn 5X reward points for online dining, 3X for online grocery/apparel, and 2X for other retail spends (except fuel).
• Access features like instant EMI, EMI on call, quick loan options, and YES PayNow.
• Manage your card conveniently via your phone, including block/unblock features and credit limit adjustments.
• Ensure the safety of online transactions through MasterCard® SecureCode or Verified by VISA. Stay protected against card loss, theft, fraud, and emergencies with a comprehensive protection plan.
• Zero First Year Membership Fee, Zero Renewal Membership Fee, and transparent information on revolving credit, cash advances, and other charges.

HSBC Platinum Credit Card

The HSBC Visa Platinum Credit Card offers a fee-free experience with nil joining and annual fees. Key features include air miles conversion, 5X rewards on subsequent purchases, and up to Rs.3,000 annual fuel surcharge savings. Additional benefits encompass zero liability for lost cards, emergency card replacement, insurance coverage, and partner offer like Buy-one-get-one-free movie tickets on Saturdays with BookMyShow.

Benefits and Features:

The advantages of HSBC Platinum Credit Card are as follows:

• Enjoy the card with no joining or annual fees.
• Air miles conversion on InterMiles, British Airways, and Singapore Airlines.
• 5X rewards on subsequent purchases after crossing Rs.400,000, with a maximum of 15,000 accelerated reward points in an anniversary year.
• Up to Rs.3,000 annual savings on fuel surcharge.
• New credit card customers receive welcome privileges, including an Amazon voucher worth INR 500 for transactions of a minimum of Rs.5,000 within 30 days of card issuance.
• Zero liability for lost cards, ensuring no liability for transactions made after reporting card loss, up to Rs.300,000.
• Emergency card replacement with the option for emergency cash at over 22,000 outlets globally.
• Coverage for misuse up to 24 hours before reporting and registering loss, up to Rs.300,000. All insurance benefits are available for valid primary cardholders only.
• Regular card benefits include cash advance, additional credit cards, global access, online convenience, and 24x7 customer access through Phone Banking.
• BookMyShow Saturday offer. Buy-one-get-one-free movie tickets on Saturdays (Up to Rs.250).

SBI Simply Save Credit Card

The SimplySAVE SBI Card is a versatile credit card that combines affordability with generous rewards. This card offers an enticing Extravaganza Offer of 2,000 bonus Reward Points for spending Rs.2,000 in the initial 60 days. Enjoy unparalleled benefits such as 10x Reward Points on select categories, 0% fuel surcharge, and an opportunity for annual fee reversal based on your spending patterns. With worldwide acceptance, contactless convenience, and a range of utility features, the SimplySAVE SBI Card is designed for a seamless and rewarding financial experience.

Benefits and Features:

Discover the benefits and features of the SBI Simply Save Credit Card in the section below:

• Spend Rs.2,000 in the first 60 days and earn 2,000 bonus Reward Points.
• Value Back - 10x Reward Points. Earn 10 Reward Points per Rs.150 spent on Dining, Movies, Departmental Stores, and Grocery Spends. For other spends, receive 1 Reward Point per Rs.150.
• 0% Fuel Surcharge. Enjoy complete fuel freedom by avoiding the 1% fuel surcharge for transactions between Rs.500 to Rs.3,000 at any petrol pump.
• Qualify for an annual membership fee reversal from the second year by spending Rs.1,00,000 or more on your SimplySAVE SBI Card in the previous year.
• Utilize Reward Points to pay the outstanding balance or redeem them for a variety of gifts.
• Receive Rs.100 cashback on your first ATM cash withdrawal within 30 days of card receipt.
• Make secure and fast daily purchases with the Contactless feature.
• Utilize the card in over 24 million global outlets, including 3,25,000 in India.
• Empower your family with add-on cards for parents, spouse, children, or siblings above 18.
• Withdraw cash from over 1 million Visa or MasterCard ATMs worldwide.
• Conveniently pay electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility.
• Transfer outstanding balances from other banks' credit cards at a lower interest rate and pay back in EMIs.
• Convert transactions of Rs.2,500 or more into easy monthly installments with Flexipay.

HDFC Regalia Credit Card

This premium credit card opens doors to an array of exclusive benefits, including complimentary Club Vistara Silver Tier and MMT Black Elite membership, enticing vouchers based on your quarterly and annual spends, and 5X Reward Points on select categories. Revel in the luxury of lounge access at over 1000 airports and enjoy the convenience of concierge services. With zero lost card liability, contactless payment options, and a host of milestone benefits, the Regalia Gold Credit Card promises an unparalleled experience.

Benefits and Features:

The premium offerings of the HDFC Regalia Credit Card are explained in detail below:

• Complimentary Club Vistara Siare lver Tier and MMT Black Elite membership as Welcome benefits. Complimentary Club Vistara Silver Tier and MMT Black Elite Membership on spending Rs.1 Lakhs within 90 days.
• Earn Rs.,500 worth vouchers on quarterly spends of Rs.1.5 lakh.
• Receive Rs.5,000 worth flight vouchers on annual spends of Rs.5 lakh, with an additional voucher on spends of Rs.7.5 lakhs.
• 5X Reward Points on spends at Marks & Spencer, Myntra, Nykaa & Reliance Digital.
• Complimentary lounge access at over 1000 airports.
• Zero Lost card liability.
• Foreign Currency Markup.2% on all foreign currency spends.
• Revolving Credit at nominal interest rate.
• Exclusive 24/7 Concierge Services for cardholders.
• Complimentary airport lounge access within India and Priority Pass for international lounges.
• Pay your Joining Membership Fee and get a Gift Voucher equivalent to the fee amount of Rs.2,500.
• Up to 7.5% savings on restaurant bill payments via Swiggy Dineout.
• Get vouchers from Marriott, Myntra, Marks & Spencer, or Reliance Digital based on quarterly and annual spends.
• Spend Rs.4 Lakhs in an anniversary year and get Renewal Fee waived for the next renewal year.
• Convert big spends into EMI after purchase.
• Enabled for fast, convenient, and secure contactless payments.
• Accidental air death cover worth Rs.1 Crore, Emergency overseas hospitalization up to Rs.15 lakhs, and Credit Liability cover up to Rs. 9 Lakhs.
• Reward Point/CashBack Redemption & Validity:
• Earn 4 Reward Points on every Rs.150 retail spends.
• Reward Points can be redeemed for exclusive Gold Catalogue, flights, hotels, airmiles conversion, and products/vouchers.

Amazon ICICI Pay Credit Card

The Amazon Pay ICICI Bank Credit Card is your key to unlocking exclusive privileges and significant savings. This card offers a 1% fuel surcharge waiver on every refuel, ensuring a seamless and rewarding journey. With no joining or annual fees, this card provides limitless benefits, including rewards with no expiry date, versatile redemption options, and the convenience of no-cost EMI on Amazon. Earn 1 Reward Point for every Rs.1 spent, automatically credited as Amazon Pay Balance, making every purchase a celebration. Experience the freedom to save while you spend with this specially crafted credit card.

Benefits and Features:

The features of the Amazon ICICI Pay Credit Card are as follows:

• Enjoy a 1% fuel surcharge waiver on each refuel, enhancing your savings on every journey.
• No joining fee or annual fee, making this card accessible and cost-effective.
• No limit or expiry date on rewards, providing flexibility in redeeming earned benefits.
• Redeem earned rewards at www.amazon.in or at over 100 Amazon Pay partner merchants.
• Avail 3 and 6-month no-cost EMI options on Amazon.in, adding convenience to your purchases.
• Earn 1 Reward Point for every Rs.1 spent, automatically credited as Amazon Pay Balance.
• Benefit from extra offers on top of existing promotions, with earnings in the form of Amazon Pay balance.
• 1 Reward Point equals Rs.1 simplifying the redemption process for seamless utilization.

Axis Bank ACE Credit Card

The Axis Bank ACE Credit Card is a financial instrument offering a range of benefits and features. It provides cashback on bill payments, recharges, and various everyday expenditures. Cardholders also gain access to airport lounges, fuel surcharge waivers, and dining discounts. The option to convert purchases into EMI adds financial flexibility. With no joining or annual fees, this card caters to practical financial needs, making it a suitable choice for those seeking a balanced credit card experience.

Benefits and Features:

The following are the benefits and key features of the Axis Bank ACE Credit Card:

• Earn a generous 5% cashback on bill payments and recharges, including electricity, internet, gas, and more, when using Google Pay.
• Enjoy a 4% cashback on popular platforms like Swiggy, Zomato, and Ola.
• Receive 2% cashback on all other everyday spends, providing consistent rewards.
• Access luxury with 4 complimentary lounge visits per calendar year at select domestic airports. Relax and unwind before your flights.
• Experience fuel freedom with a 1% surcharge waiver on fuel transactions at all fuel stations across India.
• Valid for transactions ranging from Rs.400 to Rs.4000, with a maximum benefit of up to Rs.500 per statement.
• Indulge in culinary experiences with up to 20% off at 4000+ partner restaurants across India. Elevate your dining adventures with exclusive discounts.
• Enjoy financial flexibility by converting purchases of Rs.2,500 or more into easy monthly instalments.

IndusInd Bank Platinum Aura Edge Credit Card

The IndusInd Bank Platinum Aura Edge Credit Card is designed to elevate savings and streamline daily expense management. Experience the advantage of a consistent 1% cashback on retail spends. Benefit from comprehensive insurance coverage, providing financial protection during travel uncertainties. Additionally, enjoy the flexibility of converting spends into EMI at an attractive interest rate. Revel in entertainment perks with a complimentary movie ticket every 6 months through BookMyShow. The card further extends financial benefits with a 1% waiver on both fuel and railway surcharges, enhancing overall value for cardholders.

Benefits and Features:

The exclusive advantages provided by the IndusInd Bank Aura Edge Credit Card highlighted below:

• Cardholders can earn a consistent 1% cashback on all retail spends. The cashback is applicable up to a spending limit of Rs.10,000 in a statement cycle.
• The card includes comprehensive travel insurance, offering coverage for various contingencies.
• Insurance benefits cover lost baggage, delayed baggage, loss of passport, lost ticket, and missed connections during travel.
• Cardholders can convert their transactions and outstanding balances into Equated Monthly Installments (EMI). The EMI facility comes with a low-interest rate of 1.1% per month, making it an attractive option for managing larger expenses over time.
• Importantly, there are no processing fees associated with this EMI conversion, adding to the cost-saving advantage.
• Cardholders enjoy the perk of receiving one complimentary movie ticket, valued up to Rs.200, every 6 months.
• This benefit is accessible through BookMyShow, providing a leisure-oriented privilege for entertainment enthusiasts.
• Users experience a 1% waiver on fuel surcharge at petrol pumps, making refueling more economical.
• The card also offers a surcharge waiver on railway transactions conducted through IRCTC, further enhancing travel-related savings.
• Total Protect is a security feature that shields cardholders against unauthorized transactions and counterfeit fraud.
• The coverage extends up to the credit limit, assuring cardholders of financial security in fraudulent activities.
• Cardholders benefit from complimentary personal air accident insurance coverage, providing financial protection in case of air travel accidents. The coverage extends up to Rs.25 lakh, ensuring a safety net for unforeseen circ*mstances during air travel.

IDFC First Millennia Credit Card

The FIRST Millennia Credit Card is meticulously crafted to align with the distinctive preferences of the millennial lifestyle. This credit card comes with a lifetime free membership and stands out with its exceptional features. Cardholders can relish the benefits of earning up to 10X Reward Points, coupled with attractive low-interest rates and exclusive discounts at various merchants. More than just a financial tool, this card is a style statement, reflecting the individuality of the cardholder. To be eligible for this exclusive offering, individuals need to have an annual income of Rs.3 lakhs or more, and issuance is subject to the bank's internal evaluation criteria.

Benefits and Features:

You can learn about the features and benefits of the IDFC First Millennia Credit Card below:

• Earn 10X Reward Points on incremental spends above Rs.20,000 per month and spends on your birthday. Get 6X & 3X Reward Points on online & offline purchases respectively for spends up to Rs.20,000 per month. Enjoy the flexibility of unlimited Reward points that never expire and use them to instantly pay for online or in-store purchases.
• While relishing the benefits, keep in mind that reward redemption will attract a small convenience charge of Rs.99 (+ applicable taxes) per redemption transaction.
• Seamlessly convert transactions above Rs.2,500 into easy EMIs through the mobile app. Enjoy instant EMI conversion for online transactions above Rs.2,500 on the bank's OTP page.
• Balance Transfer: Transfer balances from other credit cards with ease and benefit from a 25% discount on movie tickets (up to Rs.100) on the Paytm mobile app once a month.
• Revel in 4 complimentary Railway lounge visits per quarter and receive complimentary Roadside Assistance worth Rs.1,399.
• Experience a 1% fuel surcharge waiver at all fuel stations across India, up to Rs.200 per month. (Applicable on transaction values between Rs.200 & Rs.5000)
• Indulge in a plethora of merchant offers, including up to 20% discount at 1500+ restaurants and up to 15% discount at 3000+ Health & Wellness outlets.
• Enjoy a Personal Accident Cover of Rs.2,00,000 and a Lost Card Liability Cover of Rs.25,000 (valid on doing at least one transaction on FIRST Millennia Credit Card in the last 30 days).
• Receive a welcome voucher worth Rs.500 on spending Rs.5,000 or more within 30 days of card generation. (For cards issued before 9 October 2023, the voucher is applicable on spending Rs.15,000 or more within 90 days of card generation)
• Avail a 5% cashback (up to Rs.1000) on the transaction value of the first EMI done within 30 days of card generation.

Cashback SBI Card

The SBI Cashback Card is specifically crafted to provide practical benefits, featuring a 5% Cashback on online transactions and 1% Cashback on offline spending for tangible rewards. The Renewal Fee can be reversed by achieving annual spends of Rs.2 Lakh, making it cost-effective for active users. Enjoy a 1% Fuel Surcharge Waiver at petrol pumps across India, contributing to savings on fuel expenses. The card's global acceptance and contactless feature ensure convenience and security in transactions. Additional features include add-on cards for family members, balance transfers on EMI, utility bill payments, and cash withdrawals.

Benefits and Features:

The benefits of the SBI Cashback Card are outlined in the following section:

• 5% Cashback on online transactions, unrestricted by merchant, with an additional 1% Cashback on offline spends. Not applicable on Merchant EMI & Flexipay EMI transactions and specific categories like Utility, Insurance, Fuel, Rent, Wallet, School & Educational Services, Jewelry, Railways, etc.
• Card Cashback is automatically credited to your SBI Card account within two days of your next statement generation.
• Enjoy the reversal of the Renewal Fee on annual spends exceeding Rs.2 Lakhs.
• Benefit from a 1% Fuel Surcharge Waiver at all petrol pumps in India for transactions between Rs.500 and Rs.3,000 (exclusive of GST and other charges).
• Effortlessly make daily purchases by tapping your card at secure readers, ensuring fast, convenient, and secure transactions.
• Utilize your Cashback SBI Card at over 24 million outlets globally, including 3,25,000 outlets in India.
• Empower family members (parents, spouses, children, or siblings above 18) with additional cards.
• Conveniently withdraw cash from over 1 million VISA ATMs worldwide.
• Seamlessly pay electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility on your Cashback SBI Card.
• Save money on credit card dues by transferring outstanding balances from other banks' credit cards to your CASHBACK SBI Card, availing a lower interest rate, and paying back in EMIs.

Best Credit Cards in India for Salaried Individuals

Salaried individuals can choose from a wide range of credit cards available in India. Depending on their monthly salary, they can be eligible for various premium credit cards that offer travel and lifestyle benefits such as the SBI Prime Card. Those who want to save more on their daily spends through cashback and higher reward points can opt for cards such as the Finbooster credit card or the RBL Bank BankBazaar SaveMax Credit Card.

Factors to Consider Before Opting for a Credit Card

Given below are few of the factors which you need to consider before opting for a credit card:

Credit Score: With a higher credit score, you can increase your chances of getting your credit card application approved and enjoy a higher credit limit.

Interest Rates: The interest rates charged for the credit card can vary from one card to another. Hence, do consider the interest rate charged when opting for a credit card of your choice.

Fees: Many credit cards come with annual fees and joining fees and it is important that you understand how much fee you will need to pay while opting for a credit card.

FAQs on Best Credit Cards in India 2024

1. Which credit card helps to track my credit score?

   The FinBooster: YES Bank - BankBazaar Co-branded Credit Card gives you access to a free real-time dashboard through which you can track you spend and credit score, thereby helping you maintain a good credit report.

2. Do top credit cards have higher annual fees?

   No, there is a range of credit cards offered by different banks which offer many benefits at zero annual fee or joining fee, or at a nominal annual and joining fee.

3. Which credit card is the best for online shopping in India?

   You have a lot of options for shopping credit cards in India. Depending on your need, you can choose SBI SimplySave Credit Card, or HSBC Visa Platinum Credit Card, to name a few.

4. Which credit card in India has the best rewards program?

   The system of reward points varies from one credit card to another. For the best reward points you can choose the FinBooster: YES Bank - BankBazaar Co-branded Credit Card, HDFC Freedom Credit Card, or IndusInd Bank Platinum Aura Edge Credit Card to name a few.

5. Which credit card in India offers the best travel benefits?

   Many credit cards in India comes with basic travel benefits which include lounge access at the airport, accelerated reward points on travel bookings, etc. However, there are many credit cards which offer added benefits on travel such as HDFC Bank Regalia credit card, etc.

6. Which is the best credit card for entertainment benefits?

   There are several credit cards which offer a wide variety of entertainment benefits. However, there are a certain set of cards which are solely entertainment oriented. They offer the best benefits when it comes to entertainment along with a few features across other categories as well. The Kotak PVR Gold Credit Card, HDFC Moneyback Credit Card and the Axis Bank Neo Credit Card are among the top credit cards for entertainment expenses.

7. What are the best credit cards available for a wide range of dining benefits?

   Most cards which are mentioned above come with a set of dining privileges which will be given to you while you are dining out. There are also certain cards which offer discounts and cashback while ordering online. The HDFC Bank Diners Club Credit Card and the IndusInd Bank Platinum Credit Card are some of the credit cards which offer best-in-class dining benefits.

8. Will the lounge benefits with these top credit cards be free of cost?

   There is a certain number of lounge visits allotted to you with your credit card which are free of cost. However, after exceeding the maximum number of visits, you will have to pay a certain amount as a fee to utilise the lounge in domestic and international airports. The fee generally is the same for most credit cards. It is advised that you read the terms and conditions for domestic and international lounge access before using the card.

9. What is the minimum salary required for a credit card?

   The minimum salary required to apply for a credit card varies from one bank to the other. There are also credit cards offered for first-time applicants who may not have a higher income but can get a credit card with a lower credit limit depending on the various factors checked by the bank.

10. How to redeem the benefits which are offered by these credit cards?

    For the reward points, you can visit the website of the bank and redeem the points which have been accumulated in your card. The reward points can be redeemed to avail a wide range of products and services across various categories through the partnerships the bank has with other companies. Benefits such as movie tickets, dining, etc., will be automatically given to you once you use the credit card. However, it is important to know the terms and conditions of the benefits which are given with your card.