Credit cards are designed in such a way that they allow you to take some amount under a pre-approved credit limit, which you can return to the bank within specified time. If you go beyond the due date, some interest will be charged. In addition, credit cards also provide an array of benefits like reward points. For every transaction you do, you will be rewarded with points based on the type of the credit cards. This can be redeemed later. While segments like travel, dining, and movies reward you extensively, another segment used by majority of the people is retail segment. Check out these five credit cards in 2023 that can make your retail shopping more rewarding.
Axis Select Credit Card
Axis Select Credit Card: Fees and charges
The joining fee for this card is Rs 3,000. The annual renewal fee every year is Rs 3,000, which may be reversed if the annual spending for the previous year is more than Rs 6 Lakh.
Axis Select Credit Card: Features
- Edge reward points of 10,000 on the first transaction of Rs 2,000 should bedone within 30 days of getting the card.
- 20% off up to Rs 500 per month on shopping from BigBasket app or website.
- Rs 200 off on Swiggy mobile app/website, valid twice a month for minimum transaction value of Rs 500.
- Buy one and get up to Rs 300 off on a second ticket on BookMyShow. This offer is applicable once in a month.
- Complimentary 12 airport access through Priority Pass.
- Priority Pass Membership renewal on annual spending of Rs 3 Lakh.
- 5,000 Edge points for spending Rs 3 Lakh in one year.
- Annual fee waiver on spending Rs 6 Lakh in a year.
- 10 Edge points on every Rs 200 spent.
- 2X per Rs 200 for retail shopping.
- Complimentary golf rounds.
Axis ACE Credit Card
Source: Axis Bank
Axis Select Credit Card: Fees and charges
The joining fee is Rs 499. This is waived off on spending more than Rs 10,000 within 45 days of issuance. The yearly renewal fee will be Rs 499. This will be waived off on annual spending greater than Rs 2,00,000.
Axis Select Credit Card: Features
- 5% cashback on bill payment of electricity, internet, gas, DTH, and mobile recharges on GPay.
- Complimentary four domestic airport lounge visits.
- 1% fuel surcharge waiver for each transaction between Rs 400 and Rs 4,000.
- 20% off on 4,000 + partner restaurants.
IDFC First Select Credit Card
Source: IDFC First Bank
IDFC First Select Credit Card: Fees and charges
This is a lifetime free card.
IDFC First Select Credit Card: Benefits
- Welcome voucher worth Rs 500 on spending Rs 15,000 or more within 90 days of card generation.
- 5% cashback (up to Rs 1,000) on the transaction value of the first EMI done within 30 days of card generation.
- Buy one, get one on movie tickets up to Rs 250 on Paytm mobile app (valid twice a month).
- 300+ merchant offers and up to 20% discount at 1,500+ restaurants.
- Up to 15% discount at 3,000 + health and wellness outlets.
- Four complimentary domestic airport lounge visits per quarter on minimum monthly spending of Rs 5,000.
- Four complimentary railway lounges.
- The low interest rates (APR), from 0.75% to 3.5% per month (9% to 42% per annum).
- Forex markup at 1.99% for all international transactions.
HDFC Regalia Credit Card
Source: HDFC Bank
HDFC Regalia Credit Card: Fees and charges
The joining/renewal membership fee is Rs 2,500 plus taxes. The yearly renewal fee will be Rs 1,000, which would be waived off on annual spending greater than Rs 1 Lakh in the previous year.
HDFC Regalia Credit Card: Benefits
- Welcome benefit of 2,500 reward points and renewal benefit of 2, 500 reward points (This is applicable only after the membership fee is realised and is not applicable when the fee is waived off.). Renewal fee waived off if more than Rs 3 Lakh is spent in the previous year.
- Priority Pass.
- Bonus 10,000 reward points on Rs 5 Lakh spent, and additional 5,000 reward points on Rs 8 Lakh spent in an anniversary year.
- Up to 20% discount on partner restaurants via Swiggy Dineout.
- Earn four reward points on every Rs 150 spent.
- Foreign Currency Markup 2% on all your foreign currency spending.
- 1% fuel surcharge waiver at all fuel stations across India on minimum transaction of Rs 400 and maximum transaction of Rs 5,000.
SBI Prime Credit Card
Source: SBI
SBI Prime Credit Card: Fees and charges
The annual fee is Rs 2,999 plus taxes and the renewal fee is Rs 2,999 plus taxes from the following year. There is a waiver of renewal fee on annual spending of Rs 3 Lakh.
See also: Rent pay via credit card
SBI Prime Credit Card: Benefits
- Welcome e-gift voucher worth Rs 3,000 from any of the following brands: Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com.
- Get 10 reward points per Rs 100 spent on dining, groceries, departmental stores, and movies.
- Complimentary Trident Privilege Red Tier Membership.
- Club Vistara membership.
- Four complimentary visits per calendar year to International Priority Pass lounges, outside India (maximum two visits per quarter).
- For every Rs 100 spent on birthdays, eligible for 20 reward points.
See also :Credit cards with best sign-up bonus
FAQs
How to choose a credit card that is ideal for retail shopping?
Choose a credit card that gives you more value on offline shopping, or retail expenses than other categories.
Which type of the credit card is best for shopping?
Best cards for shopping include SBI Prime Credit Card, Axis Select Credit Card, Axis ACE Credit Card, IDFC First Select Credit Card, and HDFC Regalia Credit Card.
Which credit card is the best for offline retail shopping?
In addition to the mentioned list, SBI SimplySave Credit Card is also a good option for offline retail shopping.
What is that one reason that businesses should accept credit card payments in 2023?
By accepting credit card payments, you offer convenience to customers. This expands your customer reach, and you are in a level playing field with your competitors.
Which bank gives the best shopping offers?
You get good shopping offers with Amazon Pay ICICI Bank Credit Card, HDFC Millennia Credit Card, and Axis Bank ACE Credit Card.
How to build credit 2023?
Get a secured credit card, pay your credit card bill on time, use credit-building apps etc., to build credit 2023.
How much is the annual fee for HDFC Regalia Credit Card?
The annual fee for HDFC Regalia Credit Card is Rs 2, 500 plus taxes.
Which is the best credit card in Axis Bank?
Axis Bank ACE Credit Card and Axis Select Credit Card are some of the best credit cards in Axis Bank.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |