Find Out The Best Credit Cards for Rewards and Cashback
It’s true—you can use the miles and points from your credit card to fully arrange a vacation. You may earn enough points via smart spending and the use of the correct credit cards to take advantage of complimentary travel and lodging. Additionally, some credit cards provide advantages in the form of beneficial discounts and rebates. The secret is to identify the Best Credit Cards for Rewards for your spending and lifestyle. Here is a thorough list of the finest reward credit cards in India, specifically for you, in case you don’t know where to start.
What are Credit Cards Rewards Points?
Credit card customers can earn loyalty points by using their credit cards to make certain purchases. According to the card’s earning system, you accrue rewards points each time you use it to make a purchase. Depending on the Best Credit Cards for Rewards redemption choices, these points may subsequently be exchanged for a number of benefits including cashback, travel advantages, gift cards, products, or bill credits.
How to Use Credit Cards Rewards Points?
- Examine the Best Credit Cards for Rewards program and the choices offered by your card.
- Browse the rewards section of the website.
- Choose the incentive you want, such as money or travel perks.
- The redemption procedure must be followed.
- Give the information that is required and confirm your request.
- Use through till the redemption is processed.
- Enjoy the reward of your choice!
Want To Get a Credit Card?
The 10 Best Credit Cards for Rewards
1. SBI SimplyCLICK Credit Card
Are you an online shopper who regularly receives parcels? The SBI SimplyCLICK credit card is ideal for you if the answer is yes. For purchases made on websites like Amazon, BookMyShow, Cleartrip, Lenskart, and Netmeds, 10X reward points are offered. You get 5X more reward points for any other online purchases.
- Cleartrip voucher worth ₹2,000 on annual online spends of ₹1 Lakh and ₹2 Lakh.
- 1% fuel surcharge waiver for transactions between ₹500 and ₹3,000.
- Earn a maximum of 10,000 reward points in a calendar month.
- Annual fee: ₹499 + GST. The fee is waived if your annual spend is ₹1 Lakh.
2. American Express Membership Rewards Credit Card
For consumers who often use credit cards for payments, the American Express Membership Rewards credit card is widely desired and perfect. Given the hefty renewal cost associated with this card, it is best only to consider it when your spending is sufficiently large to profit from it.
- Earn ₹1 membership rewards point for every ₹50 spent, except for fuel, insurance, utilities, cash transactions, and EMI conversions at the point of sale.
- Welcome bonus of 4,000 membership reward points.
- Receive 1,000 bonus membership rewards points by using your card four times for transactions worth ₹1,000 and above every month.
- Receive 5,000 membership rewards points when you renew your card after the first year.
- Choose from redemption options like Taj hotel vouchers, American Express domestic travel e-vouchers, Amazon e-vouchers, or statement credits.
- Annual fee: ₹1,000 in the first year and ₹4,500 from the next year onwards. The renewal fee is waived for an annual spend of ₹1,50,000.
3. Standard Chartered Manhattan Platinum Credit Card
The families could use the Standard Chartered Manhattan Platinum credit card, which provides immediate rewards for grocery purchases made at supermarkets. One of the most competitive cards on the market, the card also offers additional perks.
- Earn 5% cash back for supermarket purchases.
- Receive 3X reward points for all other purchases.
- Enjoy various offers and discounts while shopping, traveling, and dining out.
- Redeem reward points for exciting gifts for yourself and your family.
- Annual fee: ₹999, waived off on annual spends of ₹1,20,000.
4. Standard Chartered Emirates World Credit Card
The Standard Chartered Emirates World credit card is suggested if you go abroad frequently. This travel card provides respectable returns on your airline expenses.
- Welcome bonus of 4,000 miles upon card activation.
- Get a free ticket to Dubai by accumulating 27,500 Skyward miles.
- Earn 6 Skyward miles on every ₹150 spent on Emirates transactions, and 3 Skyward miles for every ₹150 on other transactions.
- Get 5% cashback on duty-free shopping, up to ₹1,000 per month.
- Enjoy airport access and golf privileges.
- Annual fee: ₹3,000 in the first year and ₹3,000 from the next year onwards.
5. MakeMyTrip ICICI Bank Signature Credit Card
The MakeMyTrip ICICI Bank Signature credit card is intended for frequent travelers who are always organizing their subsequent leisure or business journey.
- Get ₹1,500 My Cash and a Lemon Tree Hotels voucher worth ₹2,500 on joining.
- Validity of 1.5 years on joining benefit My Cash.
- Enjoy benefits worth up to ₹70,000.
- Exclusive MMT cabs benefit and a complimentary Airtel international roaming pack.
- Two complimentary airport lounge access per quarter by spending ₹5,000 in a calendar quarter.
- Complimentary Dreamfolks card, granting access to 450 airport lounges in 115 countries.
- One complimentary railway lounge access per quarter to participating lounges in India.
- Every 6th ride on OLA in a month becomes free.
- Annual fee: Joining fee of ₹2,500, and no renewal fee.
6. HDFC Bank Diners Club Black Card
The HDFC Bank Diners Club Black card is ideal for people who spend a lot on lodging and travel. It provides travel and lifestyle benefits to improve your travels.
- Earn 4 reward points for every ₹150 spent, with one reward point being equivalent to one mile.
- Redeem reward points for miles with leading international and domestic airlines and hotels.
- Book air tickets and hotels across 150+ airlines and a wide range of hotels.
- Activate your credit card for overseas spending and increase your international daily limit through net banking.
- Enjoy up to six complimentary lounge accesses to 1000+ lounges worldwide in a calendar year.
- Access concierge services for your travel needs.
- Get a 15% discount at the finest restaurants.
- Annual fee: ₹10,000 per year, waived off for the subsequent year on spends of ₹5,00,000 in one year.
7. Axis Bank Rewards Credit Card
Axis Bank Rewards Credit Card provides a lucrative experience. Get accelerated 10x points on purchases from department stores and clothing retailers, as well as 5000 additional points as a welcome incentive. It’s the ideal credit card for accumulating points on regular purchases.
- Joining Fee: Rs. 1000 plus taxes
- Renewal Fee: 2 EDGE reward points on every spend of Rs. 125 and accelerated 10x EDGE reward points on every spend of Rs. 125 on departmental and apparel stores
- Best Suited For Dining
- Reward Type: Reward Points
- Welcome Benefits: Get 5000 EDGE reward points on spending Rs. 1000 and above within 30 days of card activation.
8. IDFC FIRST Select Credit Card
A premium credit card created for travelers is the IDFC FIRST Select Credit Card. This card provides welcome gifts and cashback on EMI transactions in addition to generous reward points on both online and offline purchases. Travel without fuss and get the most out of your card with exclusive advantages designed only for frequent travelers.
- Joining Fee: Nil
- Renewal Fee: 3 Reward Points on each Rs. 125 spent offline, 6 Reward Points on each Rs. 125 spent online, and 10 Reward Points on every Rs. 125 on spends above Rs. 25,000.
- Best Suited For Travel
- Reward Type: Reward Points
- Welcome Benefits: Enjoy welcome gifts worth Rs. 500 in the form of vouchers based on spending within 90 days of card issuance and get a 5% cashback on EMI transactions within 30 days of card issuance.
9. RBL Bank ShopRite Credit Card
For those who love to shop, the RBL Bank ShopRite Credit Card is the ideal option. This card offers fantastic benefits, giving 1 reward point for every Rs. 100 spent on retail transactions and 20 reward points for food purchases. Take advantage of the welcome gift of 2,000 Reward Points and maximize your buying opportunities.
- Joining Fee: Rs. 500 plus applicable taxes
- Renewal Fee: Earn 1 Reward Point for every Rs. 100 spent on retail spending and 20 reward points on grocery purchases.
- Best Suited For Shopping
- Reward Type: Reward Points
- Welcome Benefits: Receive 2,000 bonus Reward Points as welcome benefits.
10. Axis Bank Magnus Credit Card
A premium credit card with unique perks is the Axis Bank Magnus Credit Card. This card is perfect for individuals looking for luxury and rewards because it offers accelerated rewards on travel expenses and a hefty welcome perk of a Tata Cliq voucher or a complimentary domestic flight worth Rs. 10,000.
- Joining Fee: Rs. 10,000 plus taxes
- Renewal Fee: Earn 12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card and enjoy 5X EDGE REWARDS on travel spends via TRAVEL EDGE.
- Best Suited For: Movies
- Reward Type: Reward Points
- Welcome Benefits: Choose between a Tata Cliq voucher or a free domestic flight ticket worth Rs. 10,000 as a welcome benefit.
Finally, selecting the Best Credit Cards for Rewards may significantly improve your shopping and vacation experiences. Each of the aforementioned credit cards provides special features and advantages catered to various lifestyles and interests. The Best Credit Cards for Rewards for you will depend on your spending patterns and needs. To prevent unforeseen interest charges, use credit cards sensibly and pay your payments on time. With these Best Credit Cards in India or Best Credit Cards for Rewards, you can expect happy and lucrative experiences.
What are the best credit cards for rewards?
The best credit cards for rewards include SBI SimplyCLICK, American Express Membership Rewards, Standard Chartered Manhattan Platinum, Standard Chartered Emirates World, MakeMyTrip ICICI Bank Signature, and HDFC Bank Diners Club Black.
Which credit card is best for online shopping?
The SBI SimplyCLICK credit card is ideal for online shoppers as it offers 10X reward points on online spending at sites like Amazon, BookMyShow, Cleartrip, Lenskart, and Netmeds.
Which credit card is suitable for frequent travelers?
The Standard Chartered Emirates World credit card is recommended for frequent overseas travelers, offering benefits like skyward miles, free tickets to Dubai, and airport access.
Which credit card is best for groceries?
The Standard Chartered Manhattan Platinum credit card provides 5% cash back on grocery purchases, making it an excellent choice for families.
Which credit card offers a variety of benefits and vouchers?
The American Express Membership Rewards credit card offers a range of benefits and rewards, including Taj hotel vouchers, travel e-vouchers, Amazon e-vouchers, and statement credits.
Are there any No-fee Best Credit Cards for Rewards?
Yes, some Best Credit Cards for Rewards like the MakeMyTrip ICICI Bank Signature card have no joining or renewal fees, making them attractive options for rewards without additional costs.