best-credit-cards-india

A credit card is a plastic card that is associated with a bank to give you a convenient line of credit when you require it. The sheer variety of credit cards on the market can make the task of selecting the right one quite tedious. Credit cards come in various types and carry various advantages for their users ranging from rewards cards, travel cards, cashback cards, and many others. You name it and you have a credit card for it. But it is very important to narrow down your intended usage to select the best-suited one.

Let Piggy help you in choose the right one with our 8 top picks for credit cards in India for 2019:

 

TRAVEL CARDS

These cards are best suited for frequent travelers. Of the many features, they provide good exchange rates and are very rewarding on hotel bookings as well. The two best cards under this category are:

  1. American Express  Platinum Travel Credit Card

Features

-It comes with a 5000 milestone bonus Membership Reward points as a welcome gift which can be redeemed as travel vouchers worth Rs. 4000.

-Spending Rs. 1,90,000 fetches travel vouchers worth Rs. 7,700 per year

-You are entitled to access 30 airport lounges in 13 different cities like Mumbai, Bengaluru four times a year.

-Additionally, if you spend Rs. 4,00,000 in a year, you are entitled to travel vouchers worth Rs. 11,800 and a gift card from the Taj Group worth Rs. 10,000

DOCUMENTS REQUIRED
Residence proof
Aadhar Card/ID Proof
ITR/ Form 16/ Pay Slips
Photograph
ANNUAL FEE
1st year- Rs. 3500+ taxes
2nd year onward- Rs. 5000+ taxes

CREDIT SCORE

Above 750

  1. Citi Premier Miles Credit Card

Features

-This card is designed for frequent flyers.

-An initial purchase with this card of just Rs. 1000 earns you 10,000 miles within 60 days of getting the card.

-Card renewal earns another 3000 miles

-Rs. 1 crore worth complementary air accident insurance

-On every Rs.100 spent on airline transaction, earn 10 miles

-Comes with flexibility in redeeming points across travel and stay.

-Lets you earn miles on each and every purchase you make and also allows to redeem the same on travel and stay.

DOCUMENTS REQUIRED
Residence proof
Aadhar Card/ID Proof
ITR/ Form 16/ Pay Slips
Photograph
ANNUAL FEE
Rs. 3300 every year

CREDIT SCORE

Above 660

 

REWARD CARDS

These cards enable the holder to earn reward points on every purchase they make. it may be retail, groceries, bills, travel fuel etc. The two best cards under this category are;

  1. HSBC Visa Platinum Card

Features

-A gift voucher from ClearTrip worth Rs. 2000 as a welcome gift

-On spending Rs. 10,000, a maximum cashback worth Rs. 3000

– Fuel Surcharge waiver worth Rs. 250 max per month on purchases between Rs. 400 to 4000.

-Zero liability on lost card.

-On every Rs. 150 spent, earn 2 reward points.

-Online convenience, advance cash facility, additional credit card etc via mobile banking

DOCUMENTS REQUIRED
Residence proof
Aadhar Card/ID Proof
ITR/ Form 16/ Pay Slips
Photograph
ANNUAL FEE
Nil

CREDIT SCORE

Above 700

  1. Axis Bank Neo Credit Card

Features

-Welcome gifts worth Rs. 200 and Rs. 500 from bookmyshow and Jabong respectively

-10% off on mobile recharge, movie tickets, and online shopping.

-Bookmyshow, Freecharge, myntra 10% off

– Partner restaurants 15% off

– Booking with Redbus- 10% off(max Rs. 100)

-Zero liability on lost card

DOCUMENTS REQUIRED
Residence proof
Aadhar Card/ID Proof
ITR/ Form 16/ Pay Slips
Photograph
ANNUAL FEE
Joining fee- Rs. 250
1st year- nil
2nd year- Rs. 250

CREDIT SCORE

Above 700

 

CASHBACK CARDS

As far as Indians are concerned, this is the most desirable card as it brings along a platter full of cash back and rewards on shopping. The two best cards in this category are;

  1. Capital First SBI Card

Features

-2000 on 2000; a spend of Rs. 2000 earns 2000 points in the first 60 days.

-10 points on every Rs. 100 spend on dining, movies, and shopping

-2000 points for every Rs. 1,25,000 spent per annum.

– Fuel surcharge waiver on every fuel filling transaction

-Additional fuel surcharge waiver on other transactions ranging from Rs. 500 to 3000.

– Advance cash limit is up to 80% of credit limit with a max per day being Rs. 12000.

DOCUMENTS REQUIRED
Residence proof
Aadhar Card/ID Proof
ITR/ Form 16/ Pay Slips
Photograph
ANNUAL FEE
Joining Fee- Rs. 499
Annual Fee- Rs. 499

CREDIT SCORE

Above 750

  1. Citibank Rewards Domestic Card

Features

-1000 on 1000, a purchase worth Rs. 1000 fetches 1000 points in the first 60 days.

-10 points on every Rs. 125 spent on groceries and clothes

-Instant loan to customers

-More than 6000 offers on shopping, movies, entertainment, and dining etc

DOCUMENTS REQUIRED
Residence proof
Aadhar Card/ID Proof
ITR/ Form 16/ Pay Slips
Photograph
ANNUAL FEE
Joining Fee- Rs. 1000
Annual Fee- Rs. 1000

CREDIT SCORE

Above 660

 

LOW FEE CARDS

These are low maintenance cards that carry lower annual and joining fee as compared to other cards. The two best cards in this category are;

  1. HDFC Freedom Card

Features

-500 welcome reward points

-Birthday spending- 25X points

-Smart buy and PayZ app spending- 10X points

-Grocery, railway booking, dining, movie- 10X points

-Annual purchases above Rs. 90,000- Rs. 1000 gift voucher

– 100 points- Rs. 10

-Fuel surcharge waiver on fueling- 1% (every month max Rs. 250)

– Fuel surcharge waiver on other transactions- 1% (every month max Rs. 250)

DOCUMENTS REQUIRED
Residence proof
Aadhar Card/ID Proof
ITR/ Form 16/ Pay Slips
Photograph
ANNUAL FEE
Joining fee- Rs. 500
Annual fee- Rs. 500

CREDIT SCORE

Above 750

  1. Apollo SBI Card

Features

-500 points worth Rs. 500 as a welcome gift

– Complementary OneApollo membership (Tier 1)

-Rs. 100 spent on Apollo services- 3X reward points

-Rs. 100 spent on entertainment, dining, and movies- 2X reward points

-Rs. 200 spent on retail- 1X reward point (non-fuel spending)

– 1 point= Re. 1

– this card comes with worldwide acceptance covering over 24 million stores

– Spend above Rs. 90,000 and get next annual fee waiver

DOCUMENTS REQUIRED
Residence proof
Aadhar Card/ID Proof
ITR/ Form 16/ Pay Slips
Photograph
ANNUAL FEE
Joining fee- Rs. 499
Annual fee- Rs. 499

CREDIT SCORE

Above  750

 

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