To fully benefit from credit cards, it’s essential to choose a card that suits your lifestyle and spending habits. But with so many options available, selecting the best credit card in India can be overwhelming. To make things easier, we’ve compiled a list of the top 4 credit cards in India from different issuers.
This will help you compare options and find a card that meets your needs. Leading issuers in India offer a range of cards catering to various requirements such as fuel, online shopping, dining, movies, groceries, and more. So, take some time to compare the options and choose the card that suits you best.
Top 4 credit cards in India with the best annual rates
Kotak 811 Dream Different Credit Card
The Kotak 811 Dream Different Credit Card is an attractive option for those looking for a credit card with no joining or annual fees. Cardholders can earn bonus points by spending INR 5000 within the first 45 days of card issuance. Additionally, spending INR 75000 in a year will allow cardholders to enjoy a cashback of INR 750.
The card also rewards its users for online transactions with 2 reward points for every INR 100 spent, while other spending earns 1 reward point for every INR 100 spent. Cardholders can utilize 90% of their credit limit through this card, making it a flexible option for those who require greater spending capacity. The Kotak 811 Dream Different Credit Card is the best credit card in India with several perks and benefits for its users.
Axis bank Ace credit card
The Axis Bank Ace Credit Card is a recommended choice for individuals new to credit cards, as it offers a significant cashback rate at an affordable annual fee of Rs. 499. With up to 5% cashback on bill payments and online food delivery, cardholders can also enjoy additional benefits such as discounts on dining and access to airport lounges.
The most outstanding feature of this card is that there is no cap on the amount of cashback that can be earned. Other perks include 4% cashback on Swiggy, Ola, and Zomato, 2% on all other purchases, and cashback offers on popular brands across various categories. The Axis Bank Ace Credit Card stands out in the market with its highest flat-rate cashback offer, making it the best credit card in India for those seeking to maximize their rewards.
Cashback SBI Card
The Cashback SBI Card is a relatively new addition to the cashback credit card market and has rapidly become popular among online shoppers due to its unique features. Unlike most shopping credit cards that limit benefits to specific merchants or pending categories, this card provides 5% cashback on all online transactions without any restrictions. With a nil joining fee and credit card annual fee of only Rs. 999, this card is worth considering for online shoppers who want to maximize their savings.
Additionally, the card offers 1% cash back on offline transactions and utility bill payments. The cashback is automatically credited to the card within two days of bill generation without needing redemption or conversion. Furthermore, the cardholder can enjoy four complimentary domestic lounge visits yearly.
Amazon Pay ICICI Credit Card
The Amazon Pay ICICI Credit Card is the ideal cashback credit card for those who frequently shop on Amazon. With this card, you can earn up to 5% cashback on Amazon spending if you are an Amazon Prime member and 3% if you are a non-prime member. Additionally, you can earn 1% cash back on all other transactions.
One of the most appealing features of this card is that it has a nil credit card annual fee, making it an excellent choice for anyone who wants to enjoy cashback benefits without the burden of additional costs. Moreover, Amazon is a leading e-commerce platform, making this card a must-have for everyday purchases.
Also Read: Strategies to Reduce Your Credit Card Processing Fees
The Amazon Pay ICICI Credit Card also has a short reward redemption and cashback conversion process, which is hassle-free and convenient for users. Furthermore, this card is particularly beneficial for online shoppers, thanks to its high cashback rate and the extensive range of products available on Amazon.
To find the best credit card for your needs, it is essential to analyze your spending patterns and requirements. For instance, if you frequently shop, a shopping credit card may be the best option, or if you need fuel benefits, a fuel credit card would be more appropriate. It is also essential to compare different types of cards various lenders offer.
Conclusion
Many credit cards offer reward points on every purchase, with some providing higher rewards for specific assets and multiple redemption options. Contrary to popular belief, not all of the best credit cards in India come with high annual fees.
There are several credit cards with excellent benefits that are either free for a lifetime or charge a minimal annual fee. If you are looking for a credit card with attractive offers and do not want to pay high annual fees, these low-fee credit cards could be a perfect choice.
