Having a credit card can benefit you in various ways. In case of a financial emergency or any unforeseen expense, having a credit card can save you from various troubles. A financial tool that can help you in such difficult situations is known as a credit card. Although, it looks just like a regular debit card but as the name suggests it works on your credit limit. When you use your credit card, your bank account does not get affected. Because the money is not deducted from your bank account. Every credit card holder has a specific credit limit for the amount of money that he can spend using his credit card. Moreover, the amount spent is his credit card bill. Every holder has some time to clear his credit card bill. However, if he is unable to clear all the dues within the given time frame then the total amount would be subject to interest. Also, the time limit to clear your credit card dues depends from one card to another. Therefore, it is important to choose the Best Credit Card in India to get the most from your credit card.
Best Credit Cards
It is advisable to compare all the available credit cards before selecting one. Here is a list of a few credit cards that are available in India:
Amazon Pay ICICI Credit Card
ICICI Bank in collaboration with Amazon has launched a new credit card as Amazon Pay ICICI credit card. You can obtain this credit card without having to pay any joining fee and also can take advantage of various benefits that come along with this credit card. You can also earn reward points with every purchase that you make using this credit card on the Amazon website. Along with that, those reward points can be used as actual money for your future purchases.
Flipkart Axis Bank Credit Card
Axis Bank has also collaborated with Flipkart to launch their Flipkart Axis Bank credit card. This card is made available at a joining fee of INR 500. Along with that, you also need to pay an annual renewal fee of INR 500 for this credit card. However, the annual renewal fee can be waived off if you spend INR 2 lakh using this credit card in the previous year. You receive a 5% cashback on all your Flipkart purchases using this credit card.
HDFC Regalia Credit Card
HDFC Regalia is a credit card by HDFC Bank that offers numerous benefits to its customers. Majorly, this credit card offers benefits in the travel and retail shopping categories. You can avail a maximum of 12 domestic airport lounge access every year with this credit card and a maximum of 6 international airport lounge accesses. You can take advantage of these benefits only at a joining fee of INR 2500 plus taxes.
SBI Elite Credit Card
The State Bank of India has launched their credit card by the name of Elite credit card. The card offers a welcome bonus of INR 5000 which can be redeemed for online shopping. You can make movie ticket bookings using this credit card for INR 250 per month. In total, the maximum amount that you can avail for movie tickets booking using this credit card is set at INR 6000. You would also receive reward points worth INR 10,000 if you wish to spend INR 3 lakh using this card within one year. All of these benefits are offered by SBI at a joining fee of INR 4999 plus taxes.
The above are the best credit cards in India. However, it is important to research the eligibility of each credit card before applying in order to avoid rejection. You can either check the eligibility online or can visit your nearest public or Private Bank in India. It is important to also research about the fee, charges and offers of that particular credit card before applying.