Which are the best credit cards to keep in India? Many people, especially the salaried ones ask this question.
The truth is, there really is no single credit card that is best suited to everybody. Every credit card is different and offers different kinds of benefits.
|Best Credit Cards for Salaried Individuals||1. Standard Chartered Platinum Rewards Card
2. Axis Bank Insta Credit Card
3. Citibank Cashback Credit Card
|Best Credit Cards for Students||1. ICICI Instant Platinum Card
2. SBI Student Plus Advantage Card
|Best Credit Cards for Shopping and Online Purchases||1. Standard Chartered Manhattan Credit Card
2. SBI Simply Click Credit Card
3. Citibank Cashback Credit Card
|Best Credit Cards to Travel||1. Indian Oil Titanium Citibank Credit Card
2. HDFC Platinum Plus Credit Card
Below are some of the best credit cards to keep in India. We have categorized the content under different heads.
This is the best-suited credit card for salaried people (Government or private). There is no annual fees or joining fees if you want to apply for this credit card.
It is an overall credit card with best offers possible and also best for the people who have applied for a credit card for the first time.
There is an option of upgrading this credit card to Standard Chartered Manhattan Credit Card if you would want to do it at a later stage. But the upgrade will be approved only on the basis of your credit usage and salary.
You can avail for this card even if you have a poor credit rating, all you need to have is a fixed deposit with the bank. In fact, it is quite easy to get a credit card through this plan.
This credit card provides attractive discounts to the user by giving cash back and discounts on every transaction. It is very handy for salaried individuals as it saves a lot of money for the customer.
If your credit card score is less, then you probably should go for an ICICI Instant Platinum Credit Card. It is best for students, non-salaried people, and housewives.
If you have a savings account with ICICI bank then getting an approval for this credit card against fixed deposit becomes very easy.
The annual fee for this credit card is nil. You need to keep in mind that the approval rate isn’t good if you don’t have a fixed deposit with the bank.
This card is unique because it is specially designed for customers who have availed for the SBI Education Loan. In order to avail this card, you will need to have an FD with the bank.
You can use this card in India, as well as abroad in more than 24 million outlets.
Benefits of SBI Student Plus Advantage Card
It comes with an annual fee of Rs 999, which can be waived off.
The most attracting point of this credit card is that it gives 5% cashback on the expenses relating groceries. It is best suited for salaried people whose expenses is 1 Lakh to 2 Lakh per annum.
All the grocery stores aren’t included but supermarkets like Big Bazaar, More, Spencers etc. are included. It is recommended to the people who spend most of their money on grocery shopping and online shopping and would want to save on their monthly expenses.
It is best suited for people who love online shopping and also who are salaried people.
The people having a salary account with SBI get the credit card easily. It’s important to have a good credit history score if you are planning to apply for this credit card.
The annual fee for this credit card is Rs 499, which will be waived off if the annual spending exceeds Rs 1,00,000.
They have tie-ups with online stores which makes it even more useful for the customers who prefer online shopping.
Benefits of SBI Simply Click Credit Card
It’s a good credit card if you make a lot of payments online and book a lot of movie tickets.
An annual fee of Rs 500 is charged if you apply for Citibank Cashback Credit Card. To get this credit card it’s important that you have a good credit history.
This is the best credit card for someone who commutes to the office using his/her car or for someone who refills his car twice a month.
You have a lot of benefits if you get the petrol refilled in your car through IndianOil fuel stations in India.
There is no annual fee on this credit card, however, if you do not spend Rs 30,000 per annum then you will have to pay Rs 1000 as an annual fee.
Benefits of Indian Oil Titanium Citibank Credit Card
This is another credit card just like the Indian oil credit card from HDFC, you can save a lot of money on fuel by redeeming the reward points.
Also, there is no annual fee on this credit card and there is an add-on facility which allows you to get an additional 3 credit cards for spouses, children, parents, etc.
Well, the main reason is that you can build a good credit history. You can also get loans at a favorable time if your credit history is good.
As you have read above, you can also get a discount on your purchases, by using a credit card. Some credit cards can also help you protect those purchases against any damage or theft.
Disclaimer: The views expressed here are of the author and do not reflect those of Groww.
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