Best credit cards for defence personnel

Leading banks in India, public and private, offer credit cards especially designed for defence personnel. In this guide, we would look at some of the best credit cards for defence personnel available in India in 2023.

See also: Easy-to-get credit cards for beginners

 

7 best credit cards for defence/army personnel

ICICI Bank Parakram Credit Card

Fee

Joining fee: None

Annual fee: None

Features

• One reward points per Rs 100 on all categories.
• 5X reward points on grocery, department stores, and CSD.
• 1% fuel surcharge on fuel transactions at any fuel outlet.
• Two complimentary domestic railway lounge access per quarter.
• Personal accident insurance of Rs 2 Lakh.
• Air accident cover of Rs 20 Lakh.
• Up to three free Add-On Cards.
• Exclusive dining offers through ICICI Bank Culinary Treats Programme.

 

Bank of Baroda Vikram Credit Card

Fee

Joining fee: None

Annual fee: None

Features

• Complimentary three-month Disney HotStar subscription on card activation.
• Five reward points for every Rs 100 spent on grocery, movies, and departmental stores.
• One point for every Rs 100 spent in other categories.
• Low international mark-up of 3%.
• 1% fuel surcharge waiver at all fuel stations across India on transactions between Rs 400 and Rs 5,000.

 

Kotak Veer Select Credit Card

Fee

Joining fee: None

Annual fee: Rs 599

Features

• Spend Rs 500 within the first 30 days of card issuance and receive IHO membership worth Rs 8,500.
• Nine reward points for every 200 spent on dining, movies, departmental stores, and grocery.
• Three reward points for every Rs 200 spent on other categories.
• Eight complimentary airport lounge access annually.
• Fuel surcharge waiver of 1% across fuel stations.
• Railway surcharge waiver of 1.8% for transaction on www.irctc.co.inand 2.5% for transactions on the Indian Railways Booking Counters.

 

Shaurya SBI Card

Fee

Joining fee: Rs 250

Annual fee: Rs 250

Features

• 1,000 reward points as welcome gift.
• 5X points on CSD, dining, movies, departmental stores, and grocery spending.
• One point per Rs 100 spent on all other categories.
• 1% fuel surcharge waiver at all fuel stations across India on purchase of fuel worth Rs 500 to Rs 3,000.

 

Axis Bank Pride Platinum Credit Card

Fee

Joining fee: None

Annual fee: Rs 250 waived on spending of Rs 20,000 in the preceding year.

Features

• 15% off on dining in partner restaurants.
• 1% fuel surcharge waiver.

 

Axis Bank Pride Signature Credit Card

Fee

Joining fee: None

Annual fee: Rs 500 waived on spending of Rs 40,000 in the preceding year.

Features

• 15% off on dining in partner restaurants.
• Two complementary visits to select airport lounges.
• 1% fuel surcharge waiver.

 

PNB Rakshak Rupay Platinum Card

Fee

Joining fee: None

Annual fee: None

Features

• Over 300 reward points on the first usage.
• Exclusive cashback in utility bills, eateries, and restaurants, etc.
• Comprehensive insurance coverage.
• 24/7 concierge services.

 

What are credit cards for defense personnel?

Credit card companies offer products keeping in mind the special requirement of defense personnel. These cards offer tailor-made benefits to current and former defense personnel.

What are the benefits of a credit card for defense personnel?

These cards typically come at zero joining fee. The interest charged is also lower.

How do I qualify for a credit card for defense personnel?

Only service member, veterans or a family member of someone in the military are considered for such credit cards.

Do these cards have annual fees?

Some credit cards for defense personnel may have annual fees while others may offer fee waivers for active-duty service members.

Can I get a credit card if I have bad credit?

With poor credit getting a credit card may be more difficult and expensive.

What should I look for when choosing a credit card for defense personnel?

Interest rates, Joining fee, Annual fee, Reward points, Special offers.

Which banks in India offer credit cards for defense personnel?

SBI, PNB, ICICI Bank, Kotak Mahindra, Bank of Baroda are among the banks that offer credit cards for defense personnel.

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