Best 5 rewards credit cards in India

While all credit cards offer reward points, there are some which offer more than others. These cards get you the best deals to reap higher reward points. Check out the top five reward credit cards in India.

See also: 5 best credit cards to be used in stores

 

American Express SmartEarn Credit Card

Source: American Express

 

Fees

• Annual fee: Rs 495 plus taxes
• The renewal fee will be waived on spends of Rs 40,000 and above in the previous year of the card membership.

Rewards

• 10X membership reward points on all Flipkart, Amazon and Uber spends
• 5X membership reward points on Paytm wallet, Swiggy, BookMyShow and more.

Benefits

• Rs 500 cashback as a welcome gift on spendsof Rs 10,000 in the first 90 days of issuance
• Vouchers worth Rs 500 upon reaching spend milestones of Rs 1.20 lakh, Rs 1.80 lakh and Rs 40 lakh in a year

See also: Credit card rent payment

IDFC FIRST Select Credit Card

Source: IDFC First Bank

 

Fees

• This is a lifetime free card.

Rewards

• 10X reward points on incremental spends above Rs 25,000 per month and spends on your birthday, excluding rental and property management transactions
• 6X and 3X reward points on online and offline purchases, respectively, for spends up to Rs 25,000 per month
• Unlimited reward points
• Reward points can be used to pay for online or in-store purchases
• 1X reward point per Rs 125 spent
• 3X reward points on
• rental and property management transactions

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 within 30 days of card generation
• Buy one, get one on movie tickets up to Rs 250 on the Paytm mobile app (twice per month)
• 300+ merchant offers and up to 20% discount at 1500+ restaurants
• Up to 15% discount at 3,000+ Health & Wellness outlets
• 4 complimentary quarterly domestic airport lounge visits on minimum monthly spends of Rs 5,000
• 4 complimentary railway lounge access
• 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

 

Fees

• Joining fee: Rs 2500 plus taxes
• Renewal fee: Rs 1,000 (waived off on annual spends of more than Rs 1 lakh)

Rewards

• 4 reward points on retail spends of Rs 150
• 10,000 reward points on annual spends of Rs 5 lakh
• Additional 5,000 reward points on annual spends of Rs 8 lakh
• Reward points are valid for two years

Benefits

• Welcome benefit of 2,500 reward points and renewal benefit of 2,500 reward points
• Priority Pass
• Up to 20% discount on partner restaurants via Swiggy DineOut
• Forex markup of 2% on all foreign currency spends
• 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

 

Fees

• Annual fee: Rs 2,999 plus taxes
• Renewal fee waived off on annual spends of Rs 3 lakh

Rewards

• 20 reward points per Rs 100 spent on birthday
• 10 reward points per Rs 100 spent on dining, groceries, departmental stores and movies
• 2 reward points per Rs 100 spent on all other expenses except fuel

Benefits

• Welcome e-gift voucher worth Rs 3,000 from Bata/Hush Puppies/Pantaloons/Aditya Birla Fashion/Shoppers Stop/com
• Complimentary Trident Privilege Red Tier Membership
• Club Vistara membership
• Four annual complimentary visits to international Priority Pass Lounges (maximum two visits per quarter)

 

Standard Chartered Platinum Rewards Credit Card

Source: Standard Chartered

 

Fees

• Zero joining and annual fees
• One-time fee of Rs 250 plus GST waived off on spendsof Rs 500 or more within 30 days from card issuance

Rewards

• 5 reward points per Rs 150 spent on hotel, restaurants and fuel
• 1 reward point per Rs 150 spent on all other things

 

FAQs

Which credit card is best in terms of rewards?

Credit cards like SBI Prime Credit Card, American Express SmartEarn Credit Card, IDFC FIRST Select Credit Card, HDFC Regalia Credit Card and Standard Chartered Platinum Rewards Credit Card are some of the best credit cards available in the market today.

What are 5X reward points on a credit card?

5X means you get 5 points for every Rs 150 spent.

What are the three main types of credit card rewards?

Cashback, reward points and miles are the three main types of credit card rewards.

Is it good to have five credit cards?

Yes, it is healthy to have five credit cards.

Which credit card is best for all purposes in India?

Credit cards from SBI, HDFC and IDBI are best for all purposes in India.

Can we get two credit cards from the same bank?

Yes, you can get two credit cards from the same bank.

What is eligibility for credit card?

You have to be above 18 years old to be eligible for credit card and this is true for add-on cards too. Also, there in an income level that is set by banks which is an eligibility criteria. This differs between banks.

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