Jewellery purchases can be made for different reasons, whether for special occasions like weddings, auspicious festivals like Akshaya Tritiya, or simply as an investment. Jewellery purchases, such as gold and diamonds, usually involve high expenses. Credit cards are extremely useful when making large purchases, including gold and other jewelry, but it’s best first to check the detailed terms and conditions of the credit card that will be used.
Card Insider has compiled a list of the best credit cards for jewelry spends in India. When using our listed cards for such purchases, cardholders are assured of high rewards, and some cards might also offer lucrative milestone benefits.
Can I Really Save on Gold and Other Jewellery Purchases With a Credit Card?
Several credit cards offer instant discounts and rewards on jewellery purchases from specific store brands such as Tanishq and Reliance Jewels. Some cards also provide milestone benefits for reaching certain spending targets, which are easily achievable when buying gold or diamond jewelry.
5 EDGE Miles on Axis Travel Edge and Airline Spends. 2 EDGE Reward Points on all Other Eligible Spends
5000 EDGE Miles on Spends of ₹1,000 Within the First 30 Days of Card Issuance
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The Axis Horizon Card is easily one of the most affordable and rewarding travel credit cards in India. Priced at ₹3,000 + GST, it packs in accelerated rewards on airline bookings and Travel EDGE spends. While it’s primarily built for frequent flyers, the card even gives base rewards of 2 EDGE Miles per ₹100 spent on jewellery purchases. There are several other benefits associated with this card, such as international and domestic airport lounge access.
1 Membership Rewards Point/₹50 spent
10,000 Membership Rewards Points
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The American Express Platinum Travel Credit Card is one of the most premium AmEx Credit Cards. It offers attractive welcome benefits and plenty of milestone benefits in the form of Membership Rewards Points. In addition to the welcome and milestone benefits, you earn 1 Membership Rewards Point for every ₹50 spent using the card (with a few exceptions like fuel). This card is perfect for those who have high annual spending and frequently travel, as it offers Taj vouchers upon achieving spending thresholds, complimentary airport lounge access, and useful memberships like Priority Pass.
Up to 10% NeuCoins on TataNeu Spends, 5% NeuCoins on Tata Brand Spends and 1.5% NeuCoins on UPI Spends
1,499 NeuCoins on Tata Neu App
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Tata Neu Infinity is the superior of the Neu Credit Card series, the other being the Neu Plus Credit Card. This card is most rewarding when used for purchases at Tata brands. Users shall get additional NeuCoins on purchases made on the Tata Neu app. Other than cashback, this card offers additional benefits like insurance and free airport lounge access. This card can be used to access discounts and offers at Tanishq, which is a Tata brand.
6 RPs/₹100 Spent for All Non-Titan Spends
12,000 Reward Points (Worth ₹3,000)
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SBI Card is one of India’s most popular credit card issuers. This particular credit card is a co-branded offering from SBI Card and Titan, which is a Tata company. The card provides premium offers, cashback, and discounts on purchases made at Titan. With this card, frequent shoppers of Titan brands can save significantly on their purchases. Users can receive up to 5% cashback on Tanishq, Zoya, Caratlane, and Mia.
Earn 20 RPs per ₹100 spent on AJIO & JioMart, 10 RPs per ₹100 spent at Other Reliance Retail Stores, 5 RPs per ₹100 spent on Dining, Movies & Entertainment, and Flights, and 2 RPs per ₹100 spent on Other Retail Purchases
Reliance Retail Vouchers Worth ₹3,000 and Discount Vouchers of ₹11,999
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The Reliance SBI Card Prime is most suited for Reliance brand loyalists. This co-branded credit card was launched through a partnership between Reliance and SBI Card. It offers great welcome benefits, discount vouchers, and offers on Reliance Brands, helping you save on your spending. Whether you are a frequent traveler or movie-goer, this card offers something for all, including rewards on jewellery purchases made with Reliance Jewels.
5 Reward Points/₹150 Spent (3.33% Reward Rate)
12,500 Bonus Reward Points and Complimentary Club Marriott Membership
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One of India’s most premium credit cards, the Infinia Card, is unmatched because of the benefits and rewards it offers, including ones for shopping and travel. Infinia Credit Cardholders can get up to 3.33% value back on their jewellery purchases made with the card.
Let’s take a quick look at the joining/annual charges and rewards offered by different cards that can be used for jewellery purchases.
| Cards | Fees | Rewards on Jewellery Spends |
| Axis Horizon | ₹3,000 + GST |
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| American Express Platinum Travel | ₹5,000 + GST |
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| Tata Neu Infinity | ₹1,499 + GST |
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| Titan SBI | ₹2,999 + GST |
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| Reliance SBI Card PRIME | ₹2,999 + GST |
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| HDFC INFINIA Metal | ₹12,500 + GST |
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Jewellery purchases, whether for diamond, gold, or silver, fall into the high-end category, making them one of the most sought-after categories for rewards or cashback. While the frequency of these transactions is insignificant, the spending is, and even small spending on jewellery should be rewarded. Given the recent rounds of credit card devaluations by Axis, HDFC, and ICICI Bank, it’s important to stay up to date on the benefits and rewards offered by various cards and always check whether our card will reward our spending. With the specially curated list of credit cards for jewellery spends by Card Insider, cardholders can save significantly on their purchases, whether for a special occasion or for the future.
For those who don’t have a high-end or specialized jewellery card, Amazon has also been added to the list so that you can easily get 1% cashback on your purchases. Which card do you use to make jewellery? Share in the comments below.
The Titan SBI Credit Card is the best option for purchasing jewellery at Tanishq. It offers a high cashback rate of 3% on purchases. Additionally, one can receive ₹1 lakh as gift vouchers for Tanishq spends annually.
No, SBI Cashback does not offer any rewards or cashback on jewellery purchases such as diamonds, gold, etc.
No, Axis Ace Credit Card doesn’t offer any rewards on jewellery purchases.