I always keep myself updated with latest offers, happenings, schemes and rewards related to credit cards in India and hence the list is well researched, and the recommendations are top notch.
#1. Standard Chartered Manhattan Platinum Credit Card This credit card is good if you want to dine out, go for shopping, or purchase online. With every transaction, you make reward points provided to you. On many occasions, even cash back is provided to benefit you.
To start with 5% cashback is provided to you if you go for shopping in supermarket and buy groceries. Shopping from stores like Reliance fresh, Big Bazaar, Food Bazaar and others will give you the benefit of getting 5% cashback.
You even get cashback if you make other transactions other than in supermarkets. A cashback of INR 500 is provided monthly with the maximum of INR 150 cashback in a single transaction you make. The point to be kept in mind is that you have to make minimum purchase of INR 1000.
The monthly rate of interest is 3.1% and oversees transactions are charged 3.5% per transaction
Annual Fees: The annual fee of 1st year is INR 499 only. From 2nd year onwards the fee is INR 999. However, if you spend more than INR 30000, you get the fee waiver as well.
Rewards/ Bonus: 5X reward points are provided to you if you spend on hotel bills, air tickets, fuel bills and dining.
Joining Perks and Benefits: It is a good option for people whose annual spending is approx. INR 1 lac- INR 2 lac.
#2. SBI Simply Click Credit Card If you enjoy shopping online availing SBIO credit card is going to be advantageous for you. Some websites offer great discounts and cash back to the SBI Simply Click Credit Card users. Web sites like Amazon, Flipkart, MakeMyTrip and other vendors provide you hassle free transactions with this card.
Joining Perks and Benefits: Amazon provides a gift voucher worth INR 500 on joining.
Rewards/ Bonus: You are facilitated with 10X rewards on websites of Ola Cabs, Fabfurnish, Zoomcar and much more.
Annual Fees: The joining fee is INR 499 only. The fee foe 2nd year also remains same if you continue using this card. In case your annual spending exceeds INR 1 lac your annual fee of INR 499 gets waived off.
#3. ICICI Instant Platinum Credit Card To avail this credit card there is no need of credit history. You need to provide the security of fixed deposit to the bank for securing the card. You need to provide a minimum of INR 20,000, and it has to be kept for at least 180 days. Overdue will be charged at the interest of 2.49% monthly which compounds to 29.885 annually.
The interest will be charged only if you make a part payment or nil payment. On the off chance you pay the full outstanding no interest will be charged.
If you make INR 4000 transaction at HPCL pumps, you can avail the fuel surcharge of 2.5%. The main point that should be noted is that it is not issued to the minors and the foreign citizens.
If you are a shopaholic this is an ideal card. You can also get 15% discount on all the leading restaurants.
Annual Fees: You do not have to pay the annual fee. It is zero
Rewards/ Bonus: You are also awarded the movie ticket worth INR 200 every month. Also, earn the reward points and redeem them for cash.
#4. HDFC Regalia Credit Card If you are searching for a card that serves all your purposes than HDFC Regalia card is the best choice to make. With this card you get almost all the offers and discounts all over the world.
The bank provides the decent reward rate, free access to the lounge. Also, you get the little foreign currency markup fees on every international transaction you make.
Rewards/ Bonus: 5X rewards provided by some merchants and various other offers for you. Reward rate is 1.6%
Annual Fees: Usually the card is provided without annual fee.
#5. Standard Chartered Inner Circle Titanium Credit Card It is a perfect credit card for the people who want to shop in Lifestyle stores. Standard Charted Titanium Card is globally accepted. Therefore, you can buy freely anywhere at your ease.
The bank has provided the facility of making the card payments online or through cheques for your convenience.
Extending the benefits the bank allows you to purchase the railway tickets and the airline tickets in a hassle free manner.
The monthly interest rates are 3.1% which amount to 37.20% annually. If you make the payment of an outstanding amount in the same month, you will not be required to pay the interest.
Joining Perks and Bonus: You get the discount voucher of INR 2500 on subscription.
Annual Fees: You don't need to pay the annual fee at all and the admission fee is also zero.
Rewards/ Bonus: If you make use of this card at Auchan Stores, you are liable to get the 5% cashback. Get a chance to redeem the points gathered at Lifestyle stores.
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