Top 10 Best Credit Cards in India 2018

What is a credit card? Well, it’s just a small rectangular plastic card just like the ATM cards. A credit card makes life easy by enabling its customers to purchase products or any other services on credit. The credit amount can be returned at the end of every month either as full credit amount borrowed or a minimum fixed amount. However, if the customer prefers to pay the minimum fixed amount every month and if he/she has an outstanding balance then, the credit card issuer will charge an interest for the outstanding balance.

The credit cards are of different types and they are widely divided on the purpose of use, credit limit, rewards, etc. some of the frequently used credit card types are

  • Silver credit cards – this type of credit card are meant for people with nominal salary range and have a low membership fee and low-interest rate.
  • Gold credit cards – this type of card are meant for people with high income, he/she should have a good credit score.
  • Classic credit cards – this type of cards has many extra added features like revolving credit, interest-free credit period, reward programs etc.
  • Titanium credit cards –this type of credit cards are premium class cards with exclusive offers.
  • Platinum credit cards – this is perhaps the most widely used credit card, because of its features and offers provided.
  • Reward credit cards – this type of card offers multiple rewards on the transaction. This rewards can turn into renewal bonus, birthday gifts etc.

These are some of the most preferred credits in India, but this doesn’t mean that these are the only cards available, there are many other types of cards like lifestyle credit cards, signature credit cards, prepaid credit cards, travel cards, cash back cards etc.

Now, here is a list of the top 10, best credit cards available in India right now.

10. HDFC Bank MoneyBack Card

The HDFC Bank MoneyBack Card is one of the best useful credit cards for a person who loves shopping. This credit card offers very impressive reward points and Cashback on every purchase they make. This is one of the unique features available on an HDFC credit card.

Offers and fees – an interest-free period of 50 days from the date of card activation, a fuel surcharge are added to the card on every billing, no annual fee or joining fee.

To know more about the cardhttps://www.hdfcbank.com/personal/credit_card/MoneyBack

To apply online for the cardhttps://leads.hdfcbank.com/applications/new_webforms/apply/credit-card/Index.aspx?promo=P4_hp_Expando_HNET5915_CC&_ga=2.23279165.621580377.1516726772-1924265365.1516726772

9. American Express Platinum Travel Card

The American Express Platinum Travel Card is one of the best cards available for people who prefer to travel more. This card offers a dozen of offers and also bonus reward points. They have some really impressive offers like; Rs 7700 worth indigo voucher for every Rs1.40lac spend through the credit card, Rs 11800 worth indigo voucher and Rs 10000 worth voucher from Taj Group for every Rs 4 lac spend annually through credit card.

Offers and fees – 5000 milestone bonus rewards on membership, Rs 3500 annual fee for the first year and Rs5000 from the second year onwards, best suitable for indigo partner’s services.

To know more about the cardhttps://www.americanexpress.com/in/content/platinum-travel-credit-card/#in

To apply online for the cardhttps://global.americanexpress.com/acq/intl/dpa/japa/ind/pers/begin.do?perform=IntlEapp:IND:travel_platinum&feePay=T1&intlink=mainapplynow

8. SBI Elite Credit card

The SBI Elite Credit Card is one of the best credit cards available in India right now. This card offers a Rs 30000 worth benefits yearly. The reward points offered by this card is pretty impressive, the user gets 1 reward for every Rs 0.25 spend through the card.

Offers and fees– Rs 5000 worth welcome gift is provided, an annual fee of Rs 4999, the card offers 2 movie tickets every month.

To know more about the cardhttps://www.sbicard.com/en/personal/credit-cards/lifestyle/sbi-card-elite.page

To apply online for the cardhttps://www.sbicard.com/en/eapply/eapplyform.page?path=personal/credit-cards/lifestyle/sbi-card-elite.dcr

7. SBI Gold Credit Card or Federal bank partnership card

The SBI Gold Credit card is one of the best cards available for paying utility bills and shopping. The bank enables the user pay the bills with easy. The bank provides Flexi Pay option for more convenient transactions. This credit card user can get the e-statements to his/her mail account and also the status can be updated through mobile alerts. The card also allows its users to withdraw cash through ATM with just 2.5% withdrawal charge.

Offers and fees– transferring of credit card balance from one bank card to another are possible, Rs 499 joining fee and Rs 499 annual fee, 10X rewards on dining, grocery, and movies.

To know more about the card –https://www.sbicard.com/en/personal/credit-cards/banking-partnership/federal-bank-sbi-gold-and-more-credit-card.page

To apply online for the card –this card cannot be applied online

6. Citibank Cashback Credit Card

The Citibank Cashback Credit card is the best card for people who love online shopping and transaction with pretty impressive Cashback offers. This card provides a Cashback on every successful transaction. The bank offers 5% cash back on movie tickets and telephone payments and 0.5% Cashback on other payments.

Offers and fee – Cashback in the multiples of Rs 500, annual fee of Rs 500

To know more about the card – https://www.online.citibank.co.in/portal/newgen/cards/tab/apply-now.htm?&cardName=cashback&site=Google-Search&section=c&agencyCode=CX&ecid=PSGONINCCAENBP&gclid=CjwKCAiA15vTBRAHEiwA7Snfcyd0a_c_r1EMSITh74CobzXfdz10LPSWSB49D79PK_Yp2hAT1ZZlVhoC14UQAvD_BwE

To apply online for the card – https://www.online.citibank.co.in/portal/newgen/cards/tab/apply-now.htm?&cardName=cashback&site=Google-Search&section=c&agencyCode=CX&ecid=PSGONINCCAENBP&gclid=CjwKCAiA15vTBRAHEiwA7Snfcyd0a_c_r1EMSITh74CobzXfdz10LPSWSB49D79PK_Yp2hAT1ZZlVhoC14UQAvD_BwE

5. Standard Chartered Platinum Reward Card

The Standard Chartered Platinum Reward card is a credit card with no annual fee, the bank collects an annual fee of Rs250 but, the fees is reversed if a transaction is made within 90 days of payment. This card offers an Rs 250 worth Book My Show movie tickets every month and 500 reward points if registered for online banking. The card also provides a 20% Cashback on every Uber rides.

Offers & fees – 1000 reward points on the first transaction, an annual fee of Rs250 which is reversible if a transaction is done within 90 days, Rs 250 joining fee.

 To know more about the cardhttps://apply.standardchartered.co.in/credit-card

To apply online for the cardhttps://apply.standardchartered.co.in/credit-card

4. American Express Gold Card

The American Express Gold Card is one of the best credit cards for online shopping. This card is not usually considered a credit card but, as cash card that offers 1 reward point per every Rs50 spent on online shopping. The bank also offers 5000 reward points for 2nd-year renewal. One of the most attractive offers of this card id that it offers 1000 reward points if the card is used 6 times every month with more than Rs 1000 spend through the card.

Offers and fees – travel benefits on booking with MakeMy Trip.com, Rs 1000 annual fee for the first year and Rs 4500 from 2nd year onwards, 5000 renewal reward points within 90 days of renewal.

To know more about the cardhttps://www.americanexpress.com/in/content/gold-card/#in

To apply online for the cardhttps://global.americanexpress.com/acq/intl/dpa/japa/ind/pers/begin.do?perform=IntlEapp:IND:gold_charge&feePay=G4&intlink=mainapplynow

3. ICIC Instant Platinum Credit Card

The ICIC instant Platinum credit card is easy to acquire. The customer does not need a good credit score for this card. The customer just has to provide a security of fixed deposit and the deposit should be minimum Rs 20000 kept at least for 180 days. The bank charges 2.49% for the overdue and this compound to 29.885 annually. Remember the interest rates are applicable only if the dues are not paid or partially paid.

Offers and fees – No annual fee, Rs 200 worth movie ticket every month, 2.5% fuel surcharge if 4000 transactions made in HPCL pumps.

To know more about the cardhttps://www.icicibank.com/Personal-Banking/cards/Consumer-Cards/Credit-Card/Platinum-credit-key-privileges.page

To apply online for the cardhttps://infinity.icicibank.com/corp/AuthenticationController?FORMSGROUP_ID__=AuthenticationFG&__START_TRAN_FLAG__=Y&FG_BUTTONS__=LOAD&ACTION.LOAD=Y&AuthenticationFG.LOGIN_FLAG=1&BANK_ID=ICI

2. SBI Simply Click Credit Card

The SBI Simple Click Credit Card is one of the best credit cards for online shopping. Most of the popular online shopping websites have offers like cash back and great discounts on purchase with this credit card. If, the card is used for fuel payment for any amount between Rs 500 to Rs 3000 the card provides a 2.5% waiver.

Offers and fees – Amazon gift vouchers worth Rs 500 is provided during joining, the joining fee and annual fee are Rs 499 and the amount is waived off if the spending on the card exceeds Rs 1 Lac annually.

To know more about the card – https://www.sbicard.com/en/personal/credit-cards/shopping/simplyclick-sbi-card.page

To apply online for the card – https://www.sbicard.com/en/eapply/campaign.page?path=personal/credit-cards/shopping/simplyclick-sbi-card.dcr&GEMID1=IA_Camp-Search-SBI-SimplyClick-ROI-Desktop_AdG-SBI-SimplyClick-Card&GEMID2=SC_KW_sbi-simplyclick-card_Typ-BMM&CHN=451

1. Standard Chartered Manhattan Platinum Credit Card

This credit card is one of the best-rated credit cards in India; the card has numerous Cashback offers and rewards. The card provides Cashback for every purchase from stores like reliance fresh, food bazaar, Big Bazaar etc. The card provides Rs 500 Cashback every month if the transaction amount is above Rs.1000.

Offers and fees – best offers for people who spend approximately more than 1-2 lac annually, Joining fee of Rs 499 and Rs 999 from 2nd year and if the transaction exceeds Rs 30000 the annual fee is waived off.

To know more about the card–https://www.sc.com/in/credit-cards/manhattan-platinum/

To apply online for the card –https://apply.standardchartered.co.in/credit-card?selectedCardId=4&pid=IN_IP_CC_MPLAT_LPC&_ga=2.109745221.1173543974.1516776567-1545815641.1516776567

All the above-mentioned cards specialize of several purposes, always be cautious while choosing a credit card. Remember to check the annual fees and interest rates. Apply for the credit card that suits your salary scale and purposes. The list mentioned above is not ranked because each of the cards serves different purpose, and most of them have exclusive offers.

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