Looking for “Best Credit Cards in India”…You have landed on the right page that will surely help you decide amongst the various “Credit cards in India” and choose the best for yourself.

Stay tuned and keep reading further to have deeper insights on ” 9 Best Credit Cards in India “ !

India is moving towards a cashless economy or we should say a Digital economy.“Demonetisation” has been a massive step taken in this regard by the Government to lead the country on the path of “digitisation”. However,it may take some time in this conversion, the foundation has already been laid. And,if things go in the desired manner, we might get to see a new ” Digital India” in the year 2017.

A lot of changes might be seen in the coming days. A number of incentives are being introduced to encourage people to contribute their part in the digital world and begin their digital journey, if they have not done it so far.

A great emphasis is being laid on shifting India to a less cash economy where financial transactions are done through modes other than cash.

Now,how can you do cashless payments ? What are the various modes for doing cashless transactions ?

Simply stated, Cashless payments can be done through any of the following modes like :

  • Cheque
  • Demand draft
  • Electronic transfer of funds : NEFT or RTGS
  • UPI Apps
  • E-Wallets
  • Mobile Wallets
  • Credit Cards
  • AADHAR Enabled Payment System

Many of you might already be aware of the above ways of making payments and already using them as well.

Through this blog we shall be discussing about one such cashless mode of making payment : CREDIT CARDS IN INDIA !

There might be a number of good credit cards in India based on ones needs and usage.We shall be sharing our views on a hand picked list of “9 BEST CREDIT CARDS IN INDIA”.

Credit cards are an easy and convenient way of making payment. You don’t need to carry any cash. Just a small card i.e. your credit card needs to be taken along whether you go for shopping,travel or any other place and for any payment of yours. You can easily make payments through credit cards at most of the places.

We all love using credit cards, especially after the recent ” Demonetisation” drive, an increasing trend has been seen in the no. of credit card payments.

But,few things that worry us are :

Which credit card to choose ? Which are the best credit cards in India ? How to select the best credit card for yourself ?

You tend to get confused, when it comes to taking a decision regarding selecting a credit card.

So,we have done a thorough research on the plethora of credit card options available in India. We shall give you an idea on the different credit cards available and general unbiased views based on our experiences,comparisons and feedback from some customers.

Just keep in mind that, you need to be cautious while choosing a credit card for yourself. Take an informed decision after analysing all the features and benefits the credit card shall offer you. Don’t rely your decisions just on the alluring reward and bonus points being offered by various banks and companies. Focus on important areas like annual fee and interest rate for taking a good decision.

So,depending upon your usage and the benefits being offered, you can make your choice from the list of “Best credit cards in India “.

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9 Best Credit Cards in India 2017 Review :

This is random listing and not any sequential order of rating. We have tried to cover the major points of some of the best credit cards available in India.These proved well for different kinds of users in 2016 and we hope they will further continue doing so in the year 2017.

Happy customers and their valuable feedback has been a major criteria of our review.

Best Credit Cards in India for Shopping :

1. Standard Chartered Manhattan Platinum Credit Card :

This credit card is good for Shopping/Dining out/Grocery Purchase and earning cash back and reward points as well.

In our survey, we found that a lot of customers are fond of this card.What is is so special about it ? Let us analyse the benefits and other details.

Key Benefits :

  • Annual fee : The annual fee for Year 1 is Rs.499 and the annual fee for year 2 onwards is Rs.999. (If you spend in excess of Rs.30000, you might get joining fee waiver as well, as we got feedback from few customers.)
  • 5% cashback on shopping in supermarkets and departmental stores : We all need to spend a good amount on groceries every month. Here,is a major plus point, you get 5% cashback if you shop for groceries from stores like Reliance fresh,Big Bazaar,More,Food Bazaar etc. After all you might have heard “A penny saved is a penny earned “ right.
  • Reward Points : 5x Reward points when you spend on paying hotel bills,dining,airline tickets and fuel bills.
  • Other Cashback : Everybody loves getting a cashback on your purchases. You can earn upto Rs.500 cashback monthly restricted to Rs.150 per transaction.But,wait…firstly you will have to make a purchase of minimum Rs.1000 for availing this cashback facility.
  • ATM withdrawal fee : 3% of cash withdrawal amount subject to a minimum of Rs.300.
  • Overseas transactions are levied 3.5% transaction fee
  • Monthly Interest Rate is 3.1% per month.
  • Other Convenient payment options.

This might be a good option for salaried class, small traders, housewives and people who love spending a lot on groceries and dining out frequently. It is good for people whose annual spending is Rs.1 – 2 lakhs.

2. SBI Simply click Credit Card :

An ideal card for Online Shopping.

This card has its main focus on e-commerce and offers numerous benefits and rewards to the online shoppers. So,if you are an online shopping freak, you make the best use of this credit card to fill your online shopping basket.

Key Benefits :

  • Annual fee : Rs.499 joining fee and Rs.499 from 2nd year onwards.
  • Interest of maximum 3.35% per month that amounts to 40.2% per annum. (This seems pretty high…)
  • You get to enjoy 10X rewards on online spends with exclusive partners like Amazon,BookMyShow, Cleartrip, Foodpanda,Ola Cabs etc. (A whole lot of attractive offers for you ).
  • You also earn 5X rewards on all other online shopping.
  • If annual spending exceeds Rs.1 lakh, the annual fee of Rs.499 gets waived off.
  • An additional benefit in the form of Amazon gift voucher worth Rs.500.
  • 2.5% waiver of fuel surcharge on transaction between Rs.500 and Rs.3000

This seems to be a good credit card for the ones who love shopping online. If you have it, enjoy saving some money thereon through reward points and gift vouchers.

Also read : How to save your money : 7 tips only smart people know !

3. ICICI Instant Platinum Card :

This is good for Shopping and ideal for first time users also. It is sometimes difficult for first time users to obtain a credit card because they don’t have any good credit background.So,this card might be the solution for the ones who are applying for a credit card the very first time.

If you require an instant credit card, this is the right choice for you.As a first time user, with no credit history and CIBIL score you can avail this instant credit card against your fixed deposit. So,if you have an ICICI saving bank account, you can easily apply and get the card against your FD in ICICI Bank.

Key Benefits :

  • Annual fee : This has zero joining fee and annual fee.This is a really attractive point for customers especially the first time users.
  • Interest rate : The card is available at interest rate of 2.49% per month or 29.88% annualized. This seems to be low and reasonable as compared to other credit cards.
  • For every Rs.100 that you spend on purchases, you get 2 payback reward points.
  • This card is internationally valid and Global Emergency Assistance and Card replacement service available.
  • If you love watching movies, get Rs.100 discount on upto 2 movie tickets per month at bookmyshow.com.
  • If you enjoy eating out, here is an additional benefit in the form of minimum 15% savings while dining out at around 800 restaurants all over India.

If you are a student,housewife or non-salaried person who wants to avail an instant credit card, this can be a good option for you.

Best Credit Cards for Travel :

4. Yatra SBI Credit Card :

This credit card is good for Travel and Utility Bill payments as well. The holiday season is on, you must have at least one travel credit card in your pocket.

Now,this one card seems to serve good for regular travellers since you have some great offers at Yatra.com if you use your credit card to book tickets.

Key Benefits :

  • Annual fee : Rs.499 joining fee and Rs.499 from year 2 onwards.
  • Finance charges or Interest of maximum 3.35% per month from transaction date.This amounts to 40.2% per annum.
  • You receive a Welcome gift of Yatra.com vouchers worth Rs.8250. Isn’t that amazing ! If you are a travel freak you will definitely enjoy this offer.
  • The annual fee gets waived off if your annual spending exceeds Rs.90000.
  • You also get 6x reward points at Yatra.com, departmental and grocery stores.
  • Additional 6x bonus points on base fare at yatra.com
  • 2.5% waiver of fuel surcharge on transaction between Rs.500 and Rs.3000
  • But,maximum surcharge that is waived is Rs.100 per month only.
  • This is internationally acceptable and can be used worldwide with much ease.
  • You can pay your utility bills on time by using the “Easy Bill Pay” facility.

So,the frequent travellers or the ones who keep on travelling a lot officially or personally on vacations, this might be the ideal choice for you.

Check Amazing Deals on Watches

5. Citibank Premier miles Card :

This is one credit card for the frequent flyers. You earn miles on the amount you spend and redeem them for your flights,hotel stays and car rentals.

Key Benefits :

  • Annual fee : The annual fee is Rs.3000 billed in the first month statement.
  • Interest rate ranges between 37.20% to 42% per annum based on different parameters like amount spent,credit limit used and repayment patterns etc.
  • You earn 10,000 miles with your first spend of Rs.1,000 or more within 60 days of Card issuance
  • You earn 10 miles for every Rs.100 that you spend on your airline transactions.
  • You earn 10 miles for every Rs.100 spent on premiermiles.co.in and with other selected partners.
  • You can redeem your miles at over 100 airlines both domestic as well as international.
  • 100 miles = Rs.45 with preferred partners like goibibo.com, yatra.com,Indigo.
  • If you fly domestic or international, you can enjoy to participating premier Airport lounges across India.

If you are fond of travelling and can afford to pay a high annual fee, this might be a perfect fit for your wallet. This might suit the ones whose annual travel cost ranges from Rs.2-3 lakhs.

A must read : 7 tax saving tips for salaried class !

Best Credit Cards in India for paying Utility Bills :

6. SBI Gold Credit Card  :

This is a good card for paying your electricity,mobile,telephone and other utility bills and insurance through the “Easy Bill Pay” facility.You will get to access easy features like autopay and fast pay to help you clear your utility bills on timely basis.

Key Benefits :

  • Annual fee : The joining fee is Rs.299 and the annual fee also amounts to Rs.299.
  • Interest is charged @ 3.35% per month that amounts to 40.2% annualized.
  • Flexipay gives you the facility to make payments in instalments on monthly basis.
  • This is accepted worldwide and can be used at millions of outlets.
  • Easy booking of railway and airline tickets.

This card is truly designed to meet your utility needs. There are not many rewards attached to it,but the other benefits attached make it an attractive option.

7. Citibank Cashback Credit Card :

This is a good credit card for earning cashback rewards and paying utility bills online.

Key Benefits :

  • Annual fee is Rs.500.
  • If you love watching movies frequently,this can give you 5% Cash Back on movie ticket purchases.
  • You get 5% cash back on your utility bill payments like electricity bills.
  • You get 5% cash back on telephone payments.
  • 0.5% cash back on other amount spent.
  • Please note that cash back is restricted to Rs.100 per month for each category mentioned above.

You also need to have a good credit history to get your Citibank credit card approved.But, once you get it, you can enjoy the various benefits like cash back and easy bill payment facility.

* Yatra SBI Credit Card :

Yatra SBI Credit card is also good for paying utility bills.The key benefits of this card have already been discussed in detail above. So,Yatra SBI Credit card is also a good option to meet your utility bills like electricity,mobile and telephone etc.

If you are also thinking about investing your money do refer our popular post : How to start investing your money – A Beginner’s guide !

Best Credit Cards for Cash Back and Rewards :

* Standard Chartered Manhattan Platinum Credit Card :

Standard Chartered Manhattan Platinum Credit Card  is a good option with great cashback offers and reward points.The details and benefits have been already been discussed above.

8. Standard Chartered Platinum Rewards Card :

This is a good alternative for salaried people who look for credit cards with no annual fees.

Key Benefits :

  • There is no joining fee and annual fee.NIL annual fee is the biggest attraction for getting this credit card.
  • You tend to earn 5 reward points for every Rs.150 spent at dining outlets.
  • 5 reward points for every Rs.150 spent on fuel.
  • Earn 1 reward point for every Rs.150 spent on other categories.
  • You can also enjoy 20% cashback on Uber rides (maximum of Rs.600 per month).

There is a whole lot of special cashback offers and additional reward points as well, if you make payments through this credit card.

9. HDFC Bank MoneyBack card :

This card is basically designed for people who want to earn money while shopping. The cash back and rewards attracts a number of shopaholics. You get rewards points on all kind of purchases.

Key Benefits :

  • No annual fee for this card. However,the annual fee might vary from one applicant to another.
  • You also get to enjoy an interest free period of upto 50 days from the date of your purchase.
  • You will get 2 reward points on every Rs.150 spent (Retail  purchases).
  • 2x reward points on other online spends.
  • 100 rewards points = Rs.30. You can redeem reward points as cash back.
  • Fuel surcharge waiver upto a maximum of Rs.250 for every billing cycle.

You need to be very cautious and study each and every credit card offer carefully before opting for any one. 

The annual fee and charges may vary due to certain promotional offers or other reasons. Kindly check the same while applying for a credit card with the respective banks/companies.

You should have a stable source of income to get yourself a good credit card. Banks normally check your credibility and financial background before issuing you credit card of your choice.

If you are found eligible, you are easily issued the credit card of your choice. You can anyways work upon improving your credit score to get the “Best credit card in India” that suits your needs.

A Final Note :

You might be familiar with this saying that ” Excess of anything is not good “. So,don’t just unnecessarily overflow your wallet with a number of credit cards getting attracted by the special offers they provide.

Don’t make excessive use of your credit cards. Use them only as and when necessary and avoid creating any extra debts for yourself. Excess usage shall only add to your financial burden.

The credit card interest rate is usually high, so avoid any credit card debts by your side.

Clear your credit card bills on timely basis so as to make yourself free from any financial debts and live a financially free life !

Hence, based on your usage and priorities like Shopping online or shopping in the market/malls, for travel or for utility payments, to get attractive cashback offers and so on. Checkout, Why are you exactly looking for a credit card ? See to it and choose the credit card that perfectly suits you.

Which credit card you have got for yourself ? Do share the benefits and drawbacks of the credit card that you are using.Your valuable experiences and genuine feedback shall be of great help to our readers. 

Some of the great and unbiased responses that you give in the comment section below shall be included in our blog post itself.

Disclaimer : This post has general opinions based on our research and is not a sponsored one. We haven’t earned any monetary compensation to promote any of the credit cards in the above list.

The details are on “as is” basis collected from the respective credit card websites. There might be changes in the features and benefits of different credit cards from time to time.Please check all the Terms and conditions (T&C) carefully with the respective banks/companies before applying for any of the credit cards in India.

This post contains amazon affiliate links, you will get some really great deals on different products and I might earn a commission if you purchase. Thanks for supporting my blogging adventures !

To help you in your investment and tax planning do refer our popular blog post : 7 Best Long term Investments in India !

If you are passionate about learning business skills and developing a business attitude, you may also like our massive collection of 21 Best Business Books to read.

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