10+ Best Rewards Credit Cards in India 2026
- Updated On: 31 December, 2025
Almost everyone wants to have a credit card today, not only to get a credit limit to spend but also to enjoy the features and deals that these cards provide. Rewards credit cards are the most common type of credit card available on the market. It is because these are generally affordable, and some of them even come with no annual fee. When you spend using a Rewards Card, you earn a specific number of reward points for every particular amount spent. These reward points can be redeemed later against different categories, including shopping, travel-related bookings, gift vouchers, and many more. In this way, you can save on every spend that you make using a rewards credit card. However, there are several key things to understand before getting a credit card, so you can make the most of it. It is never a good idea to accept the first credit card offer you receive, but it requires thorough research and a clear understanding of your requirements to choose a credit card that maximizes your benefits.
List of Best Rewards Credit Cards
There are multiple credit cards in the Indian Credit Card market that provide reward points on almost every purchase that the cardholders make. Hence, it becomes challenging for people to filter out the best options and then find the appropriate credit card for themselves. In this article, we will guide you through the best rewards credit cards, ranging from basic to premium options. You can check all their benefits, fees & charges, etc, and then decide which card is going to benefit you the most:
SBI Prime Credit Card
(4.4/5)
- Joining Fee₹2,999 + GST
- Annual Fee₹2,999 + GST
- Best Suited ForTravel | Shopping
- Rewards TypeReward Points
Rewards Rate
10 RPs/₹100 Spent on Dining, Groceries, Movies, and Departmental Stores (Reward Rate ~2.5%). 2 RPs/₹100 for All Other Eligible Spends (Reward Rate ~0.5%)
Welcome Benefits
Voucher Worth ₹3,000 from Yatra, Aditya Birla Fashion, Bata/Hush Puppies, Shoppers Stop, and Pantaloons
Card Details +
The SBI Prime Credit Card is a mid-range lifestyle card from SBI Card that suits users who spend regularly on travel, shopping, dining, and entertainment. With an annual fee of ₹2,999, it offers domestic and international airport lounge access, decent rewards on dining and grocery spends, milestone vouchers, and lifestyle perks like golf benefits and hotel memberships. While the base reward rate is modest, the card makes sense for those who can meet the spend milestones to waive the renewal fee and want a balanced mix of travel and lifestyle benefits without stepping into high-fee premium cards.
- Joining Fee₹2,500 + GST
- Annual Fee₹2,500 + GST
- Best Suited ForTravel | Shopping
- Rewards TypeReward Points
Rewards Rate
5 Reward Points/₹200 on All Eligible Retail Spends, Including Utilities, Insurance, and Education. 25 Reward Points/₹200 for Myntra, Marks and Spencer, Nykaa, and Reliance Digital Spends
Welcome Benefits
Voucher Worth ₹2,500
Card Details +
The HDFC Bank Regalia Gold Credit Card is a sub-premium lifestyle credit card. With a joining fee of ₹2,500 plus taxes, this card primarily focuses on shopping and travel benefits, offering an advantageous reward rate system. Users receive welcome benefits, including membership in MMT Black Gold and Swiggy One, as well as dining perks and access to domestic and international lounges upon reaching spend-based milestones.
- Joining Fee₹5,999 + GST
- Annual Fee₹5,999 + GST
- Best Suited ForMovies | Travel | Shopping
- Rewards TypeReward Points
Rewards Rate
10X Reward Points/₹150 on Incremental Spends Above ₹20,000 Per Statement Cycle. 5X Reward Points/₹150 on Spends Upto ₹20,000. 3X RPs Are Also Awarded for Rent, Wallet Load, Education, and Government Transactions
Welcome Benefits
Up to 12,000 Reward Points
Card Details +
The IDFC First Bank Mayura Credit Card is a premium credit card that comes at a joining and annual charge of ₹5,999 + GST. Apart from a good reward rate, this card offers several lifestyle benefits, including domestic airport lounge access, international airport lounge access, and even access to railway lounges. With IDFC Travel and Shop, one can redeem their Mayura Reward Points for a higher value of ₹0.50.
- Joining Fee₹10,000 + GST
- Annual Fee₹10,000 + GST
- Best Suited ForTravel | Dining | Shopping
- Rewards TypeReward Points
Rewards Rate
5 Reward Points/₹150 on Regular Spends (3.33%) | Up To 10x Reward Points On SmartBuy (Up To 33.33%) | 2x Reward Points (10/₹150) On Weekend Dining (6.67%)
Welcome Benefits
Complimentary Membership of Club Marriott, Swiggy One and Amazon Prime (On Spends of Rs. 1.5 Lakh Within 90 Days of Card Issuance)
Card Details +
A super-premium credit card, the HDFC Bank Diners Club Black Credit Card attracts customers not only due to its exclusive reward programs but also with its other exciting benefits, including travel, dining, and concierge services. The list of its key features includes:
- For every Rs. 150 that you spend using this credit card, you will be rewarded with 5 Reward Points.
- When you spend on travel through SmartBuy, you can earn up to 50 Reward Points.
- Access to 6 complimentary golf games every quarter.
- Complimentary unlimited airport lounge access.
- Low foreign currency markup fee.
Invite Only
- Joining Fee₹12,500 + GST
- Annual Fee₹12,500 + GST
- Best Suited ForTravel | Dining | Shopping
- Rewards TypeReward Points
Rewards Rate
5 Reward Points/₹150 Spent (3.33% Reward Rate)
Welcome Benefits
12,500 Bonus Reward Points and Complimentary Club Marriott Membership
Card Details +
A high-end offering by HDFC Bank, the Infinia credit card offers exclusive perks across various categories, including rewards, travel, dining, insurance, etc. It earns you Reward Points every time you spend, and you get accelerated reward points through the Smartbuy portal. The following are some of the additional benefits of this card:
- 5 Reward Points/₹150 spent with the card.
- 5x Reward Points on flight and bus bookings, 3x Reward Points on rail bookings, and 10x Reward Points on hotel bookings via Smartbuy.
- Complimentary Club Marriott membership.
- Access to unlimited complimentary golf games.
- Low foreign currency markup fee.
- Spend-based renewal fee waiver.
Axis Bank Olympus Credit Card
(4.7/5)
Invite Only
- Joining Fee₹20,000 + GST
- Annual Fee₹20,000 + GST
- Best Suited ForMovies | Travel | Shopping
- Rewards TypeReward Points
Rewards Rate
1 EDGE Mile/₹100 on Domestic and 2 EDGE Mile/₹100 on International Spends
Welcome Benefits
2,500 EDGE Miles and Taj/ITC Hotel Vouchers Worth ₹10,000
Card Details +
The Axis Bank Olympus Credit Card is a super-premium offering designed for high spenders and frequent travellers who want luxury along with strong rewards. It delivers a solid reward value of 4% on domestic spends and over 5% on international spends, unlimited domestic and international airport lounge access, airport transfers, concierge services, and premium lifestyle benefits like Taj Epicure membership, golf sessions, and movie offers. While the annual fee of ₹20,000 is on the higher side and there are no milestone waivers, the overall package easily justifies the cost for those who travel often and prefer comfort, exclusivity, and flexible reward redemptions.
Reward Point Structure of Popular Credit Cards in India
All the cards we read about above are reward credit cards, so you are bound to be rewarded almost every time you spend money using these cards. All these cards offer you reward points at different rates, and you can redeem them for products or vouchers, air miles, cashback, and more. Let’s check out the reward points offered by these credit cards –
| Credit Card | Reward Points | Value of 1 Reward Point | Maximum Reward Rate |
| SBI Prime | 10 RPs/₹100 Spent on Dining, Groceries, Movies, and Departmental Stores | ₹0.25 | 2.5% |
| HDFC Bank Regalia Gold | 4 Reward Points/₹150 Spent. 20 Reward Points on Select Brands | Up to ₹0.65 | 1.73% |
| IDFC First Bank Mayura | 5X Reward Points/₹150 on Spends Upto ₹20,000 and 10X Reward Points/₹150 on Incremental Spends Above ₹20,000 Per Statement Cycle | Up to ₹0.50 | 3.3% |
| HDFC Diners Club Black Metal | 5 Reward Points/₹150 Spent | Up to ₹1 | 3.3% |
| HDFC Bank Infinia | 5 Reward Points/₹150 Spent | Up to ₹1 | 3.3% |
| Axis Bank Olympus | 1 EDGE Mile/₹100 on Domestic and 2 EDGE Mile/₹100 on International Spends | Up to ₹1 | – |
What Are Rewards Credit Cards?
Reward Credit Cards are a special type of card that earns you rewards in the form of reward points based on your spending. The rewards you earn can be more or less, depending on the categories where you spend. You can earn 1 Reward Point per ₹100 for a particular category & 5 Reward Points for spending on another category with the same credit card. The reward rate, or the percentage benefit you get for 1 Reward Point, may vary by credit card.
How Do Rewards Credit Cards Work?
Although all the rewards credit cards earn you rewards, the redemption of those rewards can vary for each and every Rewards credit card. Some cards may allow you to redeem against anything you want, and some may have specific categories to redeem the Reward Points for. One more thing to keep in mind here is that a card doesn’t need to provide 10 reward points per ₹100; it is better than a card providing 5 Reward Points on spending ₹100.
It is because the value of 1 Reward Point can be different for each card. Let’s say that on the first card (providing 10 reward points), 1 RP = ₹0.20, and in the second card, 1 RP = ₹0.50, then the one providing fewer reward points actually gives you more benefit. Moreover, with the Rewards credit cards, you can earn accelerated Reward Points in some categories. Along with these regular rewards, these cards also get welcome benefits in the form of bonus reward points and milestone benefits on spending a particular amount within a pre-specified time period.
Advantages of Rewards Credit Cards
If used carefully and wisely, Rewards credit cards can be more advantageous than they seem to be. The following is a list of benefits of having a rewards credit card:
- Everyone can afford rewards credit cards, as many of these cards come with a low/no annual fee.
- You can save generously on every purchase you make using your card (except for a few transactions).
- Rewards credit cards offer exciting welcome and renewal bonuses.
- Redemption of reward points can be done against a lot of categories, including shopping, travel-related bookings, vouchers, and even cash back.
- Rewards credit cards not only provide reward points but may offer several other exciting benefits, including movie & dining benefits, travel privileges, insurance benefits, fuel benefits, and many more.
How To Redeem Credit Card Reward Points?
Every credit card can have a different process for reward redemption, depending on the card issuer. Some banks/card issuers have a separate portal for reward redemption, whereas others allow their customers to redeem the points through Net banking. Moreover, the categories for which reward points can be redeemed may differ for each card. These categories can be flight/hotel bookings, shopping, gift vouchers, and many more. Not all, but some card issuers even allow you to redeem points against your statement balance. While redeeming your reward points, you must keep a few things in mind, which are as follows:
- Ensure that you redeem your points against a category where the value of reward points is at its maximum. Some card issuers offer the same value of reward points for redemption against any category, but many issuers have kept different values of reward points for redemption against different categories. So, you should check for these values before redeeming your points so that you can make the best use of your earned points.
- Check for the reward redemption fee before proceeding further with the reward redemption process, and make sure that it is not more than the value of the reward points you are redeeming.
- Reward points don’t exist forever, but they generally expire after a certain period. Hence, you must have knowledge about the validity of your reward points so that you can redeem them before they expire unused.
How To Maximize Credit Card Reward Points?
By owning a rewards credit card, you might be under the notion that you are enjoying the perks to the maximum, but most probably, you are not doing so. Credit cards not only earn you reward points on regular spending, but also offer many other ways of earning thousands of reward points through these cards. If your card provides welcome benefits in the form of bonus reward points, which you can earn by fulfilling some required conditions like paying a joining fee or making your first transaction within 30 days or anything else, some credit cards even offer exclusive welcome benefits as soon as you pay the joining fee. Other than the welcome bonus, you can earn a lot of reward points under the milestone credit card programs. To avail yourself of the milestone benefits of a credit card, you have to achieve the minimum required threshold within a given time period, and you can earn thousands of points every year. Other than all this, you should keep checking for short-term spend-based offers to maximize your credit card rewards. Again, the most important thing to keep in mind is to choose a credit card that fits your needs. Write down the categories on which you spend the most on the basis of your spending pattern, and then look for a credit card that will provide you with the utmost benefits in that particular category.
Another important thing to consider here is your payment behavior. You should always pay your bills on time and pay them in full each month. Some people think that making only the minimum payments will be enough, but that is not true. It not only invites high-interest charges but can also affect your credit score. Please note that you will not be charged interest on more than the value of the reward points you earn if you want to maximize the benefits of your rewards credit card.
How to Choose The Best Rewards Credit Card for Yourself?
Before choosing a Rewards Credit Card, you must keep the following points in mind:
- You should analyze your spending behavior and find out the categories in which your spending is the maximum. This is because various cards provide accelerated reward points in some categories, and you should choose the one that provides the most reward points in the categories where you spend the most.
- Compare the fees & other charges of the credit cards and choose the one that best fulfills your requirements with the lowest charges.
- It is really important to check where you can redeem earned reward points using a particular credit card because it doesn’t make any sense if you earn thousands of points and can not redeem them against anything you require.
- Check the validity of Reward Points and the maximum cap on the rewards you can earn.
Bottom Line
Almost every credit card comes with additional reward offers, but you need to choose the one that suits your needs. Find out where you spend the most, compare credit cards based on their fees and benefits, and then opt for the one that fulfills most of your requirements. Choosing the right credit card is just the first step in the world of credit cards. To make your credit journey smooth and rewarding, ensure that you use your card sensibly and pay all dues on time. No matter how many reward points you earn, you will only get the maximum benefit once you have a habit of paying your credit card bill in full each month without delaying it. Also, make sure to redeem your reward points wisely. It may require some research, but ultimately, you will be able to reap the maximum benefits only if you make a wise choice when selecting a credit card.
FAQs:
Are Reward Credit cards worth it?
Reward Credit Cards offer you reward points every time you use your card for a transaction. These reward points can be later redeemed for several options, gift vouchers, discount coupons, against purchases, and a lot more.
How do reward credit cards work?
Reward Credit cards offer rewards in the form of points/miles for every transaction made with the card. For example, if your card offers 5 reward points for every Rs. 100 spent with the card, then for a transaction of Rs. 500, you will earn 25 reward points.
Which credit card gives the best rewards in India?
Although all the credit cards mentioned above are among the top rewards credit cards in India, the following two are the best: Premium Credit Cards – HDFC Infinia Credit Card, and Retail Credit Cards – SBI SimplyCLICK Credit Card.
How do reward credit cards work?
Reward Credit cards offer rewards in the form of points/miles for every transaction made with the card. For example, if your card offers 5 reward points for every Rs. 100 spent with the card, then for a transaction of Rs. 500, you will earn 25 reward points.
3 comments
Sachin Sharma
Apply For Lifetime Free IDFC Select Credit Card which comes with great features and rewards including:
Rs 500 gift voucher on joining
Personal Accidental Cover of up to Rs. 10,00,000
Earn up to 10X Rewards on online transactions
Upto 20% off on movie tickets
Get 5% Cashback On First EMI
Best part is IDFC Bank provides great service, every time you buy something, you will get points that never expire!
Reetu
Credit Card Rewards are beautiful
Just got this text.
You’re eligible for a complimentary Business Class ticket voucher with Axis Bank Vistara Credit Card. Log into your CV A/c to generate the voucher by 26-06-24.
But ensure never fall in to trap of debt and only divert expenditure which you otherwise do via cash or UPI to reward cards
Shristi Thakur
I think for rewards SBI SimplyClick Credit Card is one of the best choice where it provides Rs. 500 Amazon voucher on payment of an annual fee of Rs. 499. 10X reward points on online spends with Apollo 24/7, BMS, Cleartrip, Dominos, Eazydiner, Myntra and Yatra. Whereas, 5X Reward points on all online spends.