Best Credit Cards in India 2023
Credit cards are convenient financial instruments provided by the banks to the customers using which they purchase things without cash.
What is Credit Cards? and its Benefits
Credit cards are the one most-preferred banking products in India. It is essentially a plastic card which allows you to borrow money from your bank and pay it back after some time. Credit cards are no longer a luxury nor the privilege of the wealthy, even the salaried person can get credit cards comfortably. There are many credit cards available catering to the demands of salaried person. Credit cards can generally classified depending on their type of usage. Credit card comes with an interest rate which comes into play when the customer rolls over the outstanding amount (partly or fully) to the next billing cycle.
So, you may want to check what is the credit card in the market? The answer is there is no single credit card that may be suited for everyday. Different credit cards come with different benefits, pick the one that suits your requirements the most. We have zeroed in one thetop 10 credit cards in India
#1 Simply Save SBI Credit Card
Fee
Annual fee: Rs. 499
Joining Fee: Rs. 499
Benefits
Spend Rs. 2,000 or more in first 60 days and get 2,000 bonus Reward Points
More info
- 10X reward points on Dining, Movies, Groceries, and Departmental stores
- Annual fee of Rs. 499
- get Rs. 2000 reward points on Rs. 2000 spend in the first 60 days
- Freedom from 1% Fuel Surcharge at any petrol pump
- Daily purchases made easy with contactless purchase
- 100 cash back on your first ATM cash withdrawal, if done within the first 30 days
- World wide usage across 24 million outlets
- Option to buy add-ons for parents, spouse, and children aged 18 and above’
- Flexipay option to convert transactions to easy monthly installments
#2 HSBC Visa Platinum Card
Fee
Annual fee: Life Time Free
Joining Fee: Life Time Free
Benefits
5x rewards on subsequent purchases made after spending Rs. 4 Lakhs
More info
- No Joining and Annual Fees
- Benefits upto Rs 6350 with 3 complimentary airport lounge access at domestic and international lounges
- 5x rewards on subsequent purchases made after spending Rs. 4 Lakhs
- Save upto Rs. 3000 on fuel surcharge
- 10% cashback upto Rs. 2000 in the first 30 days of issuance of credit card
#3 Axis Bank Platinum Credit Card
Fee
Annual fee: Rs.200
Joining Fee: Rs.500
Benefits
Joining fee of Rs. 500, which will be waived off on spends of Rs. 5000 within 45 days of card receival
More info
- Up to 25% cashback on movie tickets offline and online
- fuel surcharge waiver up to Rs. 400 a month
- 15% discount at their partner restaurants
- Joining fee of Rs. 500, which will be waived off on spends of Rs. 5000 within 45 days of card receival
- Renewal fee of Rs. 200, waived off on spends of Rs. 1 Lakh in the preceding year
Pre-approved credit card
#4 HDFC Bank Diners Club Black Card
Fee
Annual fee: Rs.500
Joining Fee: Rs.500
Benefits
Joining fee of Rs. 500, which will be waived off on spends of Rs. 5000 within 45 days of card receival
More info
- Complimentary Annual memberships of Club Marriott, Forbes, Amazon Prime, Swiggy One for 3 months
- Complimentary Ola Cabs |Cult Fit Live| BookMyShow| tataCliQ vouchers on spends over Rs. 80000 every month
- 5X Reward Points for every Rs 150 Spent
- Up to 10X Reward Points via SmartBuy and 2X on weekend dining
- Exclusive discounts at leading spas, salons, gyms
- Up to 50 days of interest free credit period
- Airport lounge access to 1000+ Lounges in India
#5 ICICI Instant Platinum Card
Fee
Annual fee: Rs.500
Joining Fee: Rs.500
Benefits
1.5 reward points for every ₹ 150 spent,
Movie tickets cashback upto ₹200 every month
More info
- 5 reward points for every ₹ 150 spent
- Fuel Surcharge Waiver upto ₹ 200 every month
- Movie tickets cashback upto ₹200 every month
- Travel insurance cover upto Rs. 1 Lakh
- Discount vouchers from brands like Amazon, Uber, Ola
- Personal Accident cover upto Rs. 25 Lakhs
#6 Flipkart Axis Bank Credit Card
Fee
Annual fee: Rs.500
Joining Fee: Rs.500
Benefits
Rs. 1100 worth of joining and activation benefits (Rs. 500 gift vouchers on Flipkart, Rs. 500 cashback on Myntra, and Rs. 100 discount on Swiggy)
More info
- 1100 worth of joining and activation benefits (Rs. 500 gift vouchers on Flipkart, Rs. 500 cashback on Myntra, and Rs. 100 discount on Swiggy)
- 5% Cashback on Flipkart and Myntra
- 4% Cashback on Preferred Merchants
- Complimentary 4 lounge visits in India
- Joining fee of Rs. 500
- Renewal fee of Rs. 500 on spends greater than Rs. 200000 in the preceding year
#7 Amazon Pay ICICI Bank Credit Cards
Fee
Annual fee: Nil
Joining Fee: Nil
Benefits
Earn 3% cashback on Amazon India,
Rewards used can be used to purchase from amazon.in
More info
- No joining fee or annual fee
- No limit or expiry date on the rewards earned
- Rewards used can be used to purchase from amazon.in
- Earn 3% cashback on Amazon India
- Earn 1% cashback on dining, insurance, and other payments
#8 HDFC Millenia Credit Card
Fee
Annual fee: Nil
Joining Fee: Nil
Benefits
5% Cashback on Amazon, BookMyShow, Cult Fit, Flipkart, Myntra, Uber, Zomato
More info
- 5% Cashback on Amazon, BookMyShow, Cult Fit, Flipkart, Myntra, Uber, Zomato
- 1% Cashback on Offline transactions except fuel
- ₹1000 worth gift vouchers on spends of ₹1,00,000 and above
- Upto 20% discount on partner restaurants in Swiggy Dineout
- 8 Complimentary Domestic Lounge Access per calendar year
- 1% fuel surcharge waiver at all fuel stations
#9 Axis Bank NEO Credit Card
Fee
Annual fee: Rs.250
Joining Fee: Rs.250
Benefits
Amazon Voucher worth ₹250
Zomato Voucher worth ₹250
More info
- Amazon Voucher worth ₹250
- Zomato Voucher worth ₹250
- Blinkit Voucher worth ₹250
- 6 months Pharmeasy subscription on usage within 30 days
- 40% off zomato
- 5% off on utility bill payments via Amazon Pay
#10 Cashback SBI Card
Fee
Annual fee: Rs.999
Joining Fee: Rs.999
Benefits
Joining fee ₹999, renewal fee of Rs. 999, which can be discounted on purchase above ₹2 Lakhs
More info
- 5% Cashback on every* online spend on all merchants
- 4 complimentary Domestic Airport Lounge visits per year
- 1% Fuel Surcharge waiver on all petrol stations in India
- Joining fee ₹999, renewal fee of Rs. 999, which can be discounted on purchase above ₹2 Lakhs
- 1% cashback on offline spends
- usage across 24 million outlets across the globe
Credit Card Eligibility
| Eligibility Criteria | Requirement |
|---|---|
| Nationality | Indian |
| Age | 18 years |
| Employment status | Salaried or Self-employed |
| Income | Depends on one bank to the other |
| Credit Score | Good credit score (700 and above) |
Documents Required to Apply for a Credit Card
| Requirements | Salaried Individuals | Self Employed |
|---|---|---|
| ID Proof | Passport, Permanent Account Number (PAN) card, Aadhaar card, Voter’s ID | Passport, PAN card, Aadhaar card, Voter’s ID |
| Residential Proof | Aadhaar Card, Electricity Bill, Telephone bill | Aadhaar Card, Electricity Bill, Telephone bill |
| Income Proof | Salary Certificate, Recent Salary slips, Employment Offer Letter | Certified Financials, Recent Income Tax Returns (ITR) Statement, Passport |
How to apply for credit cards at Fincover?
- Log onto “Fincover.com”
- Select the “Loans & Deposits” tab and click on “Banking Products” to choose “Credit Cards”
- Enter the required information
- Upon providing the information, you can see credit card options from multiple banks
- Compare, analyse and apply for the best card that suits your requirements.
- Submit the necessary documents, and the application will be forwarded to the bank concerned. A representative from the bank will call you soon for documentation.