When I decide to take a credit card for me, I think about a credit card that will give me the best rewards, points & cash back.
A rewards credit card is a type of credit card that offers rewards in the form of cashback, points, or miles for every purchase made using the card. These rewards can be redeemed for various benefits such as gift vouchers, air miles, discounts, and more.
India has seen a surge in the popularity of rewards credit cards in recent years, and there are several options available in the market. In this article, we will discuss the best rewards credit cards in India and their features and benefits.
6 Best Rewards Credit Cards in India
Here are the 6 best rewards credit cards in India. Check out the below:
HDFC Bank Regalia Credit Card
The HDFC Bank Regalia Credit Card is a premium rewards credit card offered by HDFC Bank, one of the largest private sector banks in India. The card is designed to cater to the lifestyle and travel needs of high-income individuals and offers a range of exclusive benefits and privileges.
Features
- Reward Points: The HDFC Bank Regalia Credit Card offers 4 reward points for every Rs.150 spent, which can be redeemed for air miles or gift vouchers.
- Lounge Access: The card offers complimentary access to airport lounges across India and around the world.
- Travel Benefits: Cardholders can enjoy benefits such as travel insurance coverage, priority check-in at select airports, and discounts on flight and hotel bookings.
- Lifestyle Benefits: The card offers exclusive discounts on dining, shopping, and other lifestyle benefits.
- Concierge Services: Cardholders can avail of 24×7 concierge services for travel bookings, hotel reservations, and more.
- Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of up to Rs.500 per statement cycle.
- Contactless Payment: The card comes with contactless payment technology, which allows for faster and more convenient payments.
- Annual Fee: The card has an annual fee of Rs.2,500, which can be waived on spending Rs.3 lakh or more in a year.
Also Read: 5 Best Travel Credit Card to Pick
RBL Bank ShopRite Credit Card
The RBL Bank ShopRite Credit Card is a co-branded credit card offered by RBL Bank in partnership with Shoppers Stop, one of the leading retail chains in India. The card is designed to offer a rewarding shopping experience to customers and comes with a range of benefits and privileges.
Features
- Welcome Benefits: The RBL Bank ShopRite Credit Card offers welcome benefits worth Rs. 3,000 in the form of Shoppers Stop vouchers.
- Reward Points: Cardholders can earn 2 reward points for every Rs. 100 spent on the card. Additionally, they can earn up to 20 reward points for every Rs. 100 spent at Shoppers Stop and its associated brands.
- Discount on Shopping: Cardholders can avail of a discount of up to 15% on their purchases at Shoppers Stop and its associated brands.
- Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of up to Rs. 100 per month.
- Contactless Payment: The card comes with contactless payment technology, which allows for faster and more convenient payments.
- Annual Fee: The card has an annual fee of Rs. 1,000, which can be waived on spending Rs. 15,000 or more in a year.
SBI Card Elite
SBI Card Elite is a premium credit card offered by the State Bank of India (SBI), one of the largest public sector banks in India. The card is designed to cater to the lifestyle and travel needs of high-income individuals and comes with a range of benefits and privileges.
Features
- Welcome Benefits: The SBI Card Elite offers welcome benefits worth Rs. 5,000 in the form of a gift voucher from popular brands.
- Reward Points: Cardholders can earn 2 reward points for every Rs. 100 spent on the card. Additionally, they can earn up to 50,000 bonus reward points on achieving annual spending milestones.
- Lounge Access: The card offers complimentary access to airport lounges across India and around the world.
- Travel Benefits: Cardholders can enjoy benefits such as travel insurance coverage, priority check-in at select airports, and discounts on flight and hotel bookings.
- Lifestyle Benefits: The card offers exclusive discounts on dining, shopping, and other lifestyle benefits.
- Concierge Services: Cardholders can avail of 24×7 concierge services for travel bookings, hotel reservations, and more.
- Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of up to Rs. 250 per statement cycle.
- Contactless Payment: The card comes with contactless payment technology, which allows for faster and more convenient payments.
- Annual Fee: The card has an annual fee of Rs. 4,999, which can be waived on spending Rs. 10 lakhs or more in a year.
Axis Bank Vistara Signature Credit Card
The Axis Bank Vistara Signature Credit Card is a premium travel credit card offered by Axis Bank in partnership with Vistara, one of the leading airlines in India. The card is designed to cater to the travel needs of frequent flyers and comes with a range of benefits and privileges.
Features
- Welcome Benefits: The Axis Bank Vistara Signature Credit Card offers welcome benefits worth up to Rs. 10,000 in the form of complimentary flight tickets and Club Vistara membership.
- Reward Points: Cardholders can earn 4 reward points for every Rs. 200 spent on the card. Additionally, they can earn up to 20,000 bonus reward points on achieving annual spending milestones.
- Lounge Access: The card offers complimentary access to airport lounges across India and around the world.
- Flight Benefits: Cardholders can enjoy benefits such as free flight tickets, priority check-in and boarding, and extra baggage allowance.
- Dining Discounts: The card offers discounts of up to 15% at select restaurants across India.
- Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of up to Rs. 400 per month.
- Contactless Payment: The card comes with contactless payment technology, which allows for faster and more convenient payments.
- Annual Fee: The card has an annual fee of Rs. 3,000, which can be waived on spending Rs. 1.5 lakh or more in a year.
Also Read: How to Manage Credit Card Debt
American Express Membership Rewards Credit Card
The American Express Membership Rewards Credit Card is a rewards credit card offered by American Express, one of the leading financial services companies in the world. The card is designed to cater to the lifestyle and shopping needs of individuals and comes with a range of benefits and privileges.
Features
- Welcome Benefits: The American Express Membership Rewards Credit Card offers welcome benefits worth up to Rs. 4,000 in the form of reward points and complimentary vouchers from popular brands.
- Reward Points: Cardholders can earn 1 Membership Reward Point for every Rs. 50 spent on the card. Additionally, they can earn bonus reward points for achieving annual spending milestones.
- Lounge Access: The card offers complimentary access to select airport lounges across India.
- Dining Discounts: Cardholders can enjoy discounts of up to 20% at select restaurants across India.
- Travel Benefits: The card offers travel benefits such as travel insurance coverage, discounts on flight and hotel bookings, and more.
- Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of up to Rs. 1,000 per month.
- Contactless Payment: The card comes with contactless payment technology, which allows for faster and more convenient payments.
- Annual Fee: The card has an annual fee of Rs. 1,000, which can be waived on spending Rs. 15,000 or more in a year.
ICICI Bank Coral Credit Card
The ICICI Bank Coral Credit Card is a popular credit card offered by ICICI Bank, one of the leading private sector banks in India. The card is designed to cater to the lifestyle and shopping needs of individuals and comes with a range of benefits and privileges.
Features
- Welcome Benefits: The ICICI Bank Coral Credit Card offers welcome benefits worth up to Rs. 10,000 in the form of reward points, discounts, and vouchers from popular brands.
- Reward Points: Cardholders can earn up to 4 reward points for every Rs. 200 spent on the card. Additionally, they can earn bonus reward points for achieving annual spending milestones.
- Lounge Access: The card offers complimentary access to select airport lounges across India.
- Dining Discounts: Cardholders can enjoy discounts of up to 20% at select restaurants across India.
- Movie Benefits: The card offers discounts on movie tickets booked through BookMyShow.
- Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of up to Rs. 400 per month.
- Contactless Payment: The card comes with contactless payment technology, which allows for faster and more convenient payments.
- Annual Fee: The card has an annual fee of Rs. 500, which can be waived on spending Rs. 1.5 lakh or more in a year.
Also Read: How to buy crypto with credit card
Conclusion
Rewards credit cards are a great way to earn rewards for every purchase made using the card. India has several options available in the market, each with its unique features and benefits. The HDFC Bank Regalia Credit Card, SBI Card Elite, Axis Bank Vistara Signature Credit Card, American Express Membership Rewards Credit Card, ICICI Bank Coral Credit Card, and RBL Bank ShopRite Credit Card are some of the best rewards credit cards in India.
Before applying for a rewards credit card, it is important to compare the features and benefits of different cards and choose the one that best suits your needs and spending habits.
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