Are you on the hunt for the best credit card in India to match your 2023 needs?
Look no further. Whether you're on the lookout for cashback, fuel surcharge waivers, premium credit cards, or options tailored for students, you'll find the best credit card in India right here.
Selecting the Best credit card in India for your category that aligns with your lifestyle and spending habits is pivotal to maximizing your benefits.
To simplify this process, we've meticulously categorized the best credit card in India into various segments to help you choose the one that perfectly suits your requirements.
While credit cards offer unparalleled flexibility, it's important to use them responsibly.
In this blog, we will delve into the following categories:
- Best Free Credit Cards in India
- Best Premium Credit Cards in India
- Best Credit Cards for Fuel in India
- Best Credit Cards for Students in India
- Best Cashback Credit Cards in India
If you're interested in acquiring any of the best credit card in India mentioned above, the GroMo app is your trusted companion. Download GroMo today and let us handle all the hassles for you.
Best Free Credit Card In India
A free credit card is a credit card that does not charge an annual fee or a joining fee.
A Free credit card is a good option for people who are new to credit cards or who have a limited budget. They can also be a good option for people who want to earn rewards for their spending without paying an annual fee.
IDFC First Select Credit Card:
It's been over a year since IDFC First Bank introduced its range of Credit Cards in the Indian market, and during this time, we've witnessed several updates to this product.
Here are a few key points that you should be aware of about the IDFC First Select Credit Card:
Certainly, the IDFC First Select credit card provides a "Lifetime Free" perk, accompanied by all the associated privileges, and stands out as a clear advantage of this card.
When it comes to the rewards provided by the IDFC First Select Credit Card, they are designed with a consumer-centric approach, focusing on benefiting the cardholder.
- On your birthday, you can get 10x rewards points on all your purchases
- 6x reward points on online purchases
- 3x reward points on offline expenses
- 1 reward point for each ₹100 you spend
- 1 Reward Point = 0.25 INR
- Rewards don’t expire
3. Airport Lounge Access & Spa Benefits
The IDFC First Select Credit Card grants cardholders entry to airport lounges, where they can enjoy comfortable seating, refreshments, and amenities like Wi-Fi and workspaces.
Spa benefits through IDFC First Select Credit Card refer to the perks or privileges that cardholders can enjoy at spas, such as discounts and complimentary treatments.
4. Other Benefits:
Receive complimentary Roadside Assistance valued at ₹1,399.
Enjoy a "Buy 1 Get 1" movie ticket and save up to Rs. 500 per ticket when booking through Paytm Movies.
IDFC First Select Credit Card comes with no lifetime fees, so if you're eligible, there's no reason not to get it. You receive complimentary access to airport lounges/spas with a decent reward rate, making it entirely the best free credit card in India.
However, if you plan to use the IDFC First Select Credit Card for spending, keep in mind that the best rewards come from online and high-value purchases.
IDFC First Select Credit Card has to be your first choice if you are searching for the best free credit card in India.
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Best Premium Credit Card In India:
When we say the best premium credit card in India then it has to offer a variety of high-end benefits, such as travel rewards, airport lounge access, and purchase protection.
Premium credit cards typically have higher annual fees than traditional credit cards, but they can also save you money in the long run if you take advantage of the benefits.
Axis Magnus Credit Card:
Axis Bank boasts a fantastic lineup of credit cards, and the Axis Magnus Credit Card unquestionably stands out as a top-notch choice.
Axis Magnus Credit Card is the go-to option for super-premium credit cardholders with substantial spending, earning it the title of the hottest pick for 2023.
Here are a few key points to keep in mind:
The Axis Magnus credit card comes with a joining fee of Rs. 10,000 + GST, and the annual fee is also Rs. 10,000.
If you travel frequently, you can use the Travel Edge portal to book flights, hotels, and rental cars. You will earn 60 EDGE Reward Points per ₹200 spent on travel booked through the portal.
If you dine out often, you can use your Axis Magnus Credit Card to pay for your meals at select restaurants in India. You will earn 2 EDGE Reward Points per ₹100 spent on dining.
If you drive a car, you can use your Axis Magnus Credit Card to pay for fuel at all fuel stations across India. You will earn 4 EDGE Reward Points per ₹100 spent on fuel purchases.
3. Airport Lounge Access:
The Axis Magnus Credit Card provides unlimited access to domestic airport lounges in India, allowing cardholders to enjoy this privilege as often as they like. Additionally, they can bring along up to 8 guests annually to these lounges.
4. Airport Meet & Greet:
The standout feature of Axis Magnus Credit Card is the airport meet and greet service, referred to as the "airport concierge" service by Axis Bank.
This service offers VIP assistance to ensure seamless and stress-free airport transfers. Axis Magnus Credit Card encompasses a range of airport processes, including express check-in, expedited security checks, immigration support, as well as porter and buggy services.
5. Bookmyshow Offer:
- Deal: Purchase one ticket and get another one for free
- Applicable to: both movie and non-movie bookings
- Maximum Discount: Enjoy up to Rs. 500 off on the second ticket
- Monthly Usage: You can avail of this offer for up to 5 bookings per month.
The Axis Magnus Credit Card stands out as a remarkable creation by Axis Bank. Axis Magnus Credit Card is a must-have for individuals spending over 1.5 lakhs a month, as it is the best premium credit card in india at that spending level, offering easy redemption options.
Featuring unlimited lounge access, accelerated rewards, and an airport meet & greet service, the Axis Magnus Credit Card is a valuable addition to your wallet in 2023 and beyond.
The only drawback is the service and support, which is expected to improve with the upcoming Citi merger.
Axis Magnus Credit Card has to be your first choice if you are searching for the Best Premium Credit Card In India.
Best Credit Card For Fuel In India
Fuel expenses are a significant part of most Indians' budgets, and as fuel prices continue to rise, saving money on these purchases becomes crucial. Using the best credit card for fuel in India that provides fuel rewards is one way to achieve this.
In India, numerous credit cards offer fuel rewards, but they vary in terms of the rewards they offer, annual fees, and interest rates. It's important to choose the best credit card for fuel in india that suits your needs and offers the best fuel-saving benefits.
BPCL SBI Card OCTANE
BPCL SBI Card Octane is the premium version of the BPCL SBI Card, delivering extra advantages.
BPCL SBI Card OCTANE Cardholders can benefit from cashback on Bharatgas online payments through the website and mobile app. Additionally, BPCL SBI Card OCTANE offers an attractive welcome bonus to get your card membership off to a great start.
Listed below are some of the key advantages of the BPCL SBI Card Octane:
The BPCL SBI Card Octane carries an annual fee of ₹1,499, but this fee is waived if you spend ₹2 lakh or more within a year.
To accumulate reward points, simply use your BPCL SBI Card Octane for payments. You'll receive 1 reward point for every ₹100 spent on fuel and lubricants at BPCL petrol stations nationwide, as well as for Bharatgas expenses made through their website and mobile app.
BPCL SBI Card Octane offers the following reward points:
- 7.25% cashback on fuel and lubricant spent at BPCL petrol pumps across India
- 6.25% cashback on Bharatgas spends through the website and mobile app
- 5% cashback on dining, departmental stores, grocery, and movie spends
- 1% cashback on all other retail spends
3. Other important benefits:
BPCL SBI Card Octane also offers a variety of other benefits, including:
- Fuel surcharge waiver: BPCL SBI Card Octane offers a fuel surcharge waiver of up to ₹100 per month on fuel and lubricant spends at BPCL petrol pumps across India.
- Travel insurance: BPCL SBI Card Octane offers travel insurance of up to ₹25 lakh.
- Airport lounge access: BPCL SBI Card Octane offers 4 complimentary domestic airport lounge visits per quarter.
- Purchase protection: BPCL SBI Card Octane offers purchase protection of up to ₹1 lakh against loss or damage.
If you're a loyal Bharat Petroleum customer, the SBI BPCL Octane Credit Card is tailored to your needs.
It carries a reasonable annual fee of Rs. 1,499, which is easily offset by the substantial fuel-related value-back and accelerated rewards in various categories. With fuel benefits translating into extra rewards, your savings grow as you spend more on fuel.
BPCL SBI Card OCTANE has to be your first choice if you are searching for the best credit card for fuel in India.
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Best Travel Credit Card:
The best travel credit card for you hinges on your unique spending patterns and travel requirements. Nevertheless, the best travel credit card in India presents an array of advantages, including travel rewards, travel insurance, airport lounge access, global acceptance, and purchase protection.
Amex Platinum Travel Card:
If you're in search of the best travel credit card, the Amex Platinum Travel Card should be a top contender for your wallet.
Amex Platinum Travel Card impressive reward rate has stood the test of time, maintaining its status as the "best travel credit card" for nearly a decade. What's even more appealing is that you can obtain an Amex Platinum Travel Card with a "First Year FREE" offer currently available.
To get an in-depth understanding of an Amex Platinum Travel Card, read on for our detailed review.
The first year comes at no cost to you. Although there aren't any specific renewal benefits or conditions for a fee waiver, you might qualify for retention benefits depending on your profile and spending habits with the Amex Platinum Travel Card. These benefits could potentially include a full fee waiver.
With an Amex Platinum Travel Card for every regular purchase of 50 rupees, you'll receive 1 Membership Rewards point. These reward points earned with the Amex Platinum Travel Card are most effectively utilized for Marriott transfers or redeeming Taj vouchers.
Rewards don’t expire.
3. Airport Lounge Access:
Please be aware that you can access regular domestic lounges, but access to American Express Lounges in Delhi and Mumbai is not included with this card. To enter Amex proprietary lounges, you would require the Amex Platinum Charge Card which is different from an Amex Platinum Travel Card.
Although you receive complimentary "membership" to Priority Pass for international lounge access, it's important to note that the Amex Platinum Travel Card doesn't include complimentary "access."
4. Other Benefits:
- Foreign Exchange Markup Fee: 3.5% Plus Service Tax
- Amex Health Insurance Benefits (in partnership with ICICI Lombard)
- Amex Festive Promotions
Amex Platinum Travel Card has to be your first choice if you are searching for the best travel credit card.
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Best Cash Back Credit Card In India:
The best cash back credit card in India offers a fantastic means to economize on your day-to-day expenses.
With a cash back credit card, you receive a portion of your expenditures as cash rewards. These rewards can later be exchanged for statement credits, travel vouchers, or merchandise, allowing you to maximize savings.
Cash back SBI Card:
SBICard has introduced a dedicated cashback credit card which is a cash back SBI Card that offers a remarkable 5% cashback on online expenditures, surpassing all other cashback cards in India.
Cash back SBI Card caters to both newcomers and high-end cardholders, offering a versatile option to distribute their expenses.
Discover all the essential details about Cash back SBI Card right here.
The Cash back SBI Card comes with no annual fee for the first year, and thereafter, a renewal fee of 999 INR + GST is applicable.
You can have the renewal fee waived if you spend 2 lakhs or more.
It's worth noting that Cash back SBI Card typically doesn't offer any renewal benefits, even if you pay the joining fee.
- Enjoy a generous 5% cashback on all your online expenditures.
- Earn a solid 1% cashback on your offline purchases.
It's important to note that this cashback doesn't apply to certain transactions like rent payments, fuel expenses, wallet top-ups, insurance, jewelry, utility bills, and purchases at gift shops.
3. Airport Lounge Access:
The lounge access benefit on Cash back SBI Card has been discontinued, effective from May 1, 2023.
4. Credit Limit:
There's a rumor that the Cash Back SBI Card might have very low credit limits, even as low as 10,000 INR. This tends to occur when you already have multiple SBI Credit Cards because SBICard has been conservative with credit limits recently.
This isn't unique to the Cash Back SBI Card; it applies to all SBI Cards when you apply for a second card.
If you already have an SBICard with a credit limit approaching 5 lakhs, anticipate a much lower limit on the second SBICard.
The cashback system is straightforward and operates smoothly, as anticipated.
A 5% reward rate on most typical online expenditures is undeniably excellent, especially when compared to the competition, which typically offers a maximum of 2%.
Cash back SBI Card remains the best cash back credit card in India, even after the devaluation. No other card worldwide has ever introduced a 5% cashback card.
When it comes to finding the best no-cost credit card in India, the IDFC First Select Credit Card should be your top choice. It offers a lifetime free membership, making it an excellent option.
When searching for the finest premium credit card in India, your ultimate choice should be the Axis Magnus credit card.
The BPCL SBI Card Octane provides a 7.5% cashback on fuel expenditures, making it the ideal credit card for those looking to earn cashback on fuel purchases.
The Amex Platinum Travel Card stands out as one of the Best Travel credit cards, offering incredible rewards.
Cash back SBI Card isn't just the best cashback credit card in India; it's unmatched globally, with a remarkable 5% cashback on your online expenditures.