Co-branded credit cards are a result of two business entities from different sectors coming together to offer the cardholders unique benefits. Banks and financial institutions often tie up with travel companies, food and beverage companies and oil marketing companies to offer credit card holders a variety of benefits. We list the seven best co-branded credit cards available in India in 2023.
See also: How to pay rent using credit card
Amazon Pay ICICI Bank Credit Cards
Fees:
Joining fee: None
Renewal fee: None
Features:
- No limit or expiry date on the rewards earned
- 5% cashback on Amazon India spends for Amazon Prime members
- 3% cashback on Amazon India spends for non-Amazon Prime members
- 2% cashback on payments to partner merchants
- 1% cashback on shopping, dining, traveland insurance
- 1% waiver on fuel surcharge on every refuel
Yatra SBI Credit Card
Fees:
Annual fee: Rs 499
Features:
- Annual fee waived on annual spends of over Rs 1 lakh
- com vouchers worth Rs 8,250 as a welcome gift
- Rs 1,000 off on domestic flight bookings on a minimum transaction of Rs 5,000
- Rs 4,000 off on international flight bookings on a minimum transaction of Rs 40,000
- 20% off on domestic hotels on a minimum transaction of Rs 3,000 to a maximum amount of Rs 2,000
- Complimentary air accident cover of Rs 50 lakh for primary cardholder on tickets booked via Yatra.com using the Yatra SBI Card
- 1% fuel surcharge waiver across all petrol pumps in India
- Maximum surcharge waiver of Rs 100 monthly
Flipkart Axis Bank Credit Card
Fees:
Joining fee: Rs 500
Renewal fee: Rs 500
Features:
- 5% cashback on Flipkart and Myntra
- 5% cashback on other categories
- Rs 1,100 worth joining benefits
- 4 complimentary annual domestic lounge visits
- 4% cashback on fit, Swiggy, PVR, Tata Sky, Cleartrip, Tata 1mg and Uber
- 1% fuel surcharge waiver for transactions worth Rs 400 to Rs 4,000
IRCTC SBI Platinum Card
Fees:
Annual fee: Rs 500
Features:
- Up to 10% value back as reward points on ticket bookings for AC1, AC2, AC3, AC and CC on the IRCTC website and mobile app
- 350 activation bonus reward points on a single transaction of Rs 500 or more within 45 days of card issuance
- 1 reward point for every Rs 125 spent on non-fuel retail purchases, including railway tickets
- 1% transaction charge waiver on railway ticket bookings
- 4 complimentary annual railway lounge access to participating lounges in India (max 1 per quarter)
- 1% fuel surcharge waiver across all petrol pumps in India on transactions of Rs 500-3,000
HDFC Bank Diners ClubMiles Card
Fees:
Joining fee: Rs 1,000
Renewal fee: Rs 1,000
Features:
- 15% discount and other benefits at selected restaurants
- Access to over 1,000 lounges across the world with complimentary access 6 times a year through an exclusive lounge program
- 4 points for every Rs 150 spent
- 1 mile per reward point
- Air accident cover of Rs 1 crore
- Emergency medical expenses cover of up to Rs 25 lakh
- Credit liability cover of up to Rs 9 lakh
- Travel insurance cover of up to Rs 50,000 on baggage delay/loss
HDFC Millennia Credit Card
Fees:
Joining fee: Rs 1,000
Renewal fee per annum: Rs 1,000
Features:
- 5% cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato
- 1% cashback on all other spends (except fuel), including EMI and Wallet transactions
- Gift vouchers worth Rs 1,000 on quarterly spends of Rs 1,00,000 and above
- Up to 20% discount on partner restaurants via Swiggy Dineout
- 8 complimentary domestic lounge access per year (2 in a quarter)
- 1% fuel surcharge waiver at all fuel stations across India on transactions of Rs 400-5,000
- Gift voucher equivalent to joining fee
- Renewal membership fee waived off on spends of Rs 1 lakh or more in the preceding year
Axis Bank ACE Credit Card
Fees:
Joining fee: Rs 499
Renewal fee: Rs 499
Features:
- 5% cashback on every bill payment, DTH recharge and mobile recharge via Google Pay
- 4% cashback on Swiggy, Ola and Zomato
- 2% cashback on all other spends
- No upper limit or maximum cashback earned
- 4 complimentary annual domestic lounge visits
- Up to 20% off at 4,000+ participating restaurants
- 1% fuel surcharge waiver across all fuel stations
- Joining fee waived on spends greater than Rs 10,000 within 45 days of card issuance
- Annual fee waived on annual spends greater than Rs 2 lakh
FAQs
What is the difference between a credit and a debit card?
A debit card allows you to spend the money in your bank account. A credit card allows you to use credit to spend money. The credit card company charges you an interest on these spends and provides certain benefits.
How do I choose the right credit card?
Consider your spending pattern, rewards on offer, annual fee and interest. Choose a card that aligns with your financial goals and lifestyle.
What is a credit limit?
The credit limit is the amount you can spend on your credit card.
What is the minimum payment on credit cards?
The minimum payment is the amount you pay every month to keep your credit card account active.
What are credit card reward points?
Credit card reward points, also known as miles or cashback, are reward currency earned on specific spending.
| 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 |
