By Ankur Mittal
Updated On October 12, 2021

Rewards Credit Cards are one of the most common types of credit cards available in the market. When you spend using a Rewards Card, you earn a specific amount of rewards for every particular amount of spends. With hundreds of Rewards cards, it might really be confusing for a person to find out the best card for themselves. Before choosing one, you should be aware of the answers to some questions like What are Rewards Credit Cards? How To Choose the Best Rewards card for yourself? How do the Rewards cards work? And many more.

This article is solely aimed at providing you the answers to all these questions. Moreover, we will also help you in finding the best Rewards Credit card for yourself as we are here with the list of some most significant Rewards cards in the market:

Top Premium Rewards Credit Cards

American Express Platinum Credit Card

American Express Platinum Card

Welcome Benefits

1,00,000 Membership Rewards Points or Taj, SeleQtions, and Vivanta Hotels’ vouchers worth Rs. 45,000.

Rewards Rate

1 Membership Rewards Point on every Rs. 40, 3X Points on all international spends, and 5X Rewards Points on transactions via Reward Multiplier portal.

Joining Fees

Rs. 60,000 (plus applicable taxes)

The American Express Platinum Credit Card is a super premium credit card that is not only aimed at providing reward points but also provides luxurious lifestyle benefits to its customers. With this card, you can enjoy airport lounges, exciting gift vouchers as a welcome gift, and many more. Here is a list of its benefits:

  • Accelerated membership Reward Points through Reward multiplier Program.
  • Invitations to exclusive VIP-only events.
  • Complimentary EazyDiner membership.
  • Complimentary airport lounge access.

Click here to read more about the card.

HDFC Bank Infinia Credit Card

Invite Only

Welcome Benefits

10,000 bonus Reward Points and Complimentary Club Marriott membership for first year.

Rewards Rate

5 Reward Points for every Rs. 150 spent,  reward rate of up to 3.3%

Joining Fees

Rs. 10,000 (plus applicable taxes)

The HDFC Bank Infinia credit card is a premium credit card that comes with exclusive benefits over several 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. Following are some of the additional benefits of this card:

  • 10 times Reward Points on shopping or travel-related spends on Smartbuy.
  • Complimentary Club Marriott membership.
  • Access to unlimited complimentary golf games.
  • Low foreign currency markup fee.
  • Complimentary Dine Out Passport membership.
  • Spend-based renewal fee waiver.

Click here to read more about the card.

Axis Bank Magnus Credit Card

Axis Bank Magnus Credit Card

Welcome Benefits

Choose any one- Tata Cliq voucher or a complimentary domestic flight ticket worth Rs. 10,000.

Rewards Rate

12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 2X Points on MakeMyTrip, Yatra, Goibibo, etc.

Joining Fees

Rs. 10,000 + GST

Axis Bank Magnus Credit Card is issued by the Axis Bank with an aim to provide its customers with the best rewarding experiences no matter what they do using their card. Along with its exciting reward programs, the card comes with super-premium advantages. Some of its benefits are as mentioned below:

  • Complimentary domestic as well as international lounge access.
  • Up to Rs. 500 off on movie tickets on BookMyShow.
  • Complimentary VIP services at the airport.
  • Complimentary Dine Out Passport membership.
  • Low foreign currency markup fee.
  • No cash withdrawal fees.
  • Spend-based annual fee waiver.

Click here to read more about the card.

Standard Chartered Ultimate Credit Card

Welcome Benefits

6,000 reward points redeemable for shopping vouchers or charity spends under the Standard Chartered 360° rewards program.

Rewards Rate

5 Reward Points for every Rs. 150 spent

Joining Fees

Rs. 5,000

The Standard Chartered Ultimate Credit Card comes with great Reward programs to let its customers save amazingly on their spends. With this card, you can save 3% on all your spends. The card has several more benefits, which are as follows:

  • 5% cashback on duty-free spends.
  • Complimentary access to golf games.
  • Low forex markup fee.
  • 24*7 concierge services.

Click here to read more about the card.

HDFC Diners Club Black Credit Card

HDFC Bank Diners Club Black Credit Card

Welcome Benefits

Complimentary Club Marriott, Amazon Prime, Zomato Gold, Forbes, Times Prime, and MMTDOUBLEBLACK memberships for a year.

Rewards Rate

5 Reward Points for every Rs. 150 spent (reward rate of up to 3.3%), accelerated Reward Points on SmartBuy

Joining Fees

Rs. 10,000 (plus applicable taxes)

The HDFC Bank Diners Club Black Credit Card is one of the super-premium credit cards issued by the HDFC Bank that attracts the customers not only due to its exclusive reward programs but also with its other exciting benefits, including travel, dining, concierge services, etc. The list of its key features include:

  • Earn up to 10X Reward Points on shopping through the partner brands.
  • Access to 6 complimentary golf games every quarter.
  • Complimentary airport lounge access.
  • Low foreign currency markup fee.
  • Earn gift vouchers every month based on your total monthly spends.
  • Accelerated Reward Points on dining on weekends.

Click here to read more about the card.

IndusInd Pinnacle World Credit Card

Indusind Pinnacle Credit-Card

Welcome Benefits

Choose any of these options: A complimentary night stay at Oberoi hotels, a Luxe gift card, or gift vouchers from brands like BATA, Vero Moda, ALDO, Titan, etc.

Rewards Rate

Earn 2.5 reward points on every Rs 100 spent online, 1.5 reward points on every Rs 100 on online travel and flight bookings,  1 RP on every Rs 100 spent on every other purchase.

Joining Fees

Rs 12,999/- plus applicable taxes

The IndusInd Bank Pinnacle World Credit Card comes with an excellent range of benefits over several categories including travel, rewards, golf, etc to provide you with an even more luxurious lifestyle. With a one-time fee, this card allows you to enjoy various benefits, such as complimentary airport lounge access, exciting welcome benefits, and many more. More of its benefits include:

  • Complimentary access to selected golf courses/clubs in India.
  • Exclusive insurance coverage.
  • Exciting travel benefits, including complimentary Priority Pass Membership.
  • Buy 1 get 1 free offer on movies through BookMyShow.
  • 24*7 concierge services.

Click here to read more about the card.

BoB ETERNA Credit Card

Bank of Baroda Eterna Credit Card

Welcome Benefits

6-month FitPass Pro membership worth Rs. 15,000 and 10,000 bonus reward points.

Rewards Rate

15 reward points / Rs. 100 on online shopping, travel, movie, and dining spends (max cap of 5,000 points at this rate), 3 reward points/ Rs. 100 for spends on all other categories.

Joining Fees

Rs. 2,499 + GST

Issued by the Bank of Baroda, the BoB ETERNA Credit Card comes with great Reward programs providing Reward Points on all your spends and accelerated Reward Points on selected categories. Along with earning the regular rewards, you can avail of several other benefits with this card, some of which include:

  • Complimentary FitPass Pro membership worth Rs. 15,000.
  • Complimentary golf rounds.
  • Up to 20,000 bonus Reward Points on achieving the milestone spend.
  • Accidental death cover worth Rs. 1 crore.
  • 1% fuel surcharge waiver.

Click here to read more about the card.

ICICI Bank Sapphiro Credit Card

ICICI Bank Sapphiro Credit Card

Welcome Benefits

Get exclusive travel & shopping gift vouchers worth more than Rs. 9,000 and get a cashback of Rs. 750 on spending Rs 20,000 within 60 days of issuance of the Sapphiro AmEx card.

Rewards Rate

On every Rs. 100 spent, get 6 PAYBACK Points on international purchases & 3 PAYBACK Points on domestic purchases through the AmEx variant and get 4 PAYBACK Points on international purchases & 2 PAYBACK Points on domestic purchases through the Mastercard variant.

Joining Fees

Rs. 6,500 (plus applicable taxes)

With the ICICI Bank Sapphiro Credit Card, you can enjoy the benefits of two credit cards with a single account. The card comes with 2 variants: ICICI bank Sapphiro American Express Credit Card & ICICI Bank Sapphiro MasterCard Credit Card. Both of the variants have their own privileges, such as travel benefits, reward programs & many more. Its key features include:

  • A cashback of Rs. 750 every month based on your spends.
  • Up to 20,000 PAYBACK Points every year on the basis of your annual spends.
  • Up to 4 complimentary golf games every month.
  • Complimentary airport lounge access.
  • Complimentary Dreamfolks membership.
  • Up to Rs. 500 off on movie tickets two times per month.

Click here to read more about the card.

YES First Exclusive Credit Card

Yes Bank First Exclusive Credit Card

Welcome Benefits

40,000 Reward Points on first transaction done within 90 days of card set up date.

Rewards Rate

6 Reward Points for every Rs. 200 spent on Select category, 12 Reward Points for every Rs. 200 spent on all purchases except from the Select category and 1000 Reward Points on each Yes PayNow registration.

Joining Fees

Rs. 9,999 (plus applicable taxes)

The YES First Exclusive Credit Card is a premium credit card that comes with various exciting benefits along with Reward Points. The card welcomes you with an opportunity to earn 40,000 Reward Points and rewards you for everything you do using it. The card has various other benefits, some of which are:

  • 10X Reward Points on categories like Amazon, Myntra, Flipkart, TataCliq, domestic/international flight bookings through YES Cart.
  • 30,000 bonus reward Points each year on card renewal.
  • Up to 20,000 additional bonus Reward Points, each year on achieving the milestone spend.
  • Complimentary Priority Pass membership.
  • Unlimited complimentary international lounge access every year.
  • 4 complimentary golf games every year.
  • Low foreign currency markup fee.
  • Exclusive insurance benefits.

Click here to read more about the card.

Axis Bank SELECT Credit Card

Axis Bank Select Credit Card

Welcome Benefits

Amazon voucher worth Rs. 2,000 on making the first transaction within 90 days of card issuance.

Rewards Rate

10 EDGE Points per Rs. 200 spent and 20 EDGE Points per Rs. 200 spent on retail shopping.

Joining Fees

Rs. 3,000 (plus applicable taxes)

The Axis Bank SELECT Credit Card is another Reward card issued by the Axis Bank in order to provide its customers with the best rewarding experience ever. Along with all its exclusive reward programs, the card allows you to avail of the maximum lifestyle benefits from the comfort of your home. More of the benefits of this card include:

  • Buy 1 get 1 free offer on movie tickets.
  • Up to a 40% discount on Swiggy.
  • Complimentary airport lounge access.
  • Up to 5,000 bonus Edge Rewards every year.
  • Spend-based annual fee waiver.

Click here to read more about the card.

Top Retail Rewards Credit Cards

SBI SimplyCLICK Credit Card

SBI SimplyCLICK credit card

Welcome Benefits

Amazon gift voucher worth Rs. 500

Rewards Rate

1 Reward Point per Rs. 100 on offline spends (reward rate = 0.25%), 10X Reward Points on online spends at partner merchants (Amazon, BookMyShow, Apollo24x7, etc.) (reward rate = 2.5%), 5X Reward Points on other online spends (reward rate = 1.25%)

Joining Fees

Rs. 499 (plus applicable taxes)

The SBI SimplyCLICK Credit Card is a basic and affordable credit card issued by the SBI card to let its customers avail of the maximum benefits with minimum charges. The card comes with exclusive benefits, such as its Reward programs, welcome gift, milestone, benefits, etc. Following is a list defining its advantages:

  • Amazon gift voucher worth Rs. 500 as a welcome benefit.
  • Up to 4,000 bonus Reward Points every year.
  • A 1% fuel surcharge waiver.
  • Spend-based annual fee waiver.

Click here to read more about the card.

American Express SmartEarn Credit Card

American Express Smart Earn Credit Card

Welcome Benefits

Cashback of Rs. 500 on spends of Rs. 10,000 within 90 days of card issuance.

Rewards Rate

1 Membership Reward Point/Rs. 50 spent (with a few exceptions), accelerated Reward Points on Amazon and Flipkart (10X), Uber (10X) and on other merchants like Paytm, Swiggy, PVR, etc (5%).

Joining Fees

Rs. 495 (plus applicable taxes)

As suggested by the name, the American Express SmartEarn Credit Card allows its customers to earn rewards smartly every time they spend using their card. You can save up to 5% on your expenses using this card. More of the benefits of this card include:

  • A cashback of 5% as a welcome benefit.
  • Accelerated Reward points on partner brands, including Amazon, Flipkart, etc.
  • A 1% fuel surcharge waiver.
  • Gift vouchers on achieving the milestone spend.

Click here to read more about the card.

Citi Rewards Credit Card

Citi Rewards Credit Card

Welcome Benefits

Up to 2,500 Reward Points

Rewards Rate

1 Reward point per Rs. 125 spent and 10 Reward Points per Rs. 125 spent on departmental stores.

Joining Fees

Rs. 1,000 (plus applicable taxes)

The Citi Rewards Credit Card is aimed at providing the best Reward offers to its customers. It comes with exclusive welcome benefits and earns you reward points on almost all your spends and accelerated Reward Points on some selected categories. Moreover, you can earn bonus reward points every month based on your monthly spends. More of the benefits of the Citi rewards credit card include:

  • Welcome bonus of up to 2,500 Reward Points.
  • 300 bonus Reward Points each month.
  • Spend-based annual fee waiver
  • 1% fuel surcharge waiver at Indian Oil outlets.

Click here to read more about the card.

IDFC FIRST Select Credit Card

IDFC First Select Credit Card

Welcome Benefits

Gift voucher worth Rs. 500 based on spends within 90 days of card issuance and a 5% cashback on EMI transactions within 90 days of card issuance.

Rewards Rate

3 Reward Points per Rs. 100 spent offline, 6 Reward Points per Rs. 100 spent online, and 10 Reward Points per Rs. 100 on spends above Rs. 20,000.

Joining Fees

Nil

The IDFC FIRST Select Credit Card aims to make your life more rewarding with its great Reward programs earning you benefits up to 2.5% on your spends. One of the best things about this card is: the Reward Points you earn are not capped at any maximum value & they don’t expire ever. Moreover, the card has other exclusive benefits as well including:

  • Gift vouchers worth Rs. 500 as a welcome gift.
  • 2 free movie tickets every month.
  • Complimentary domestic railway & airport lounge access.
  • 1% fuel surcharge waiver.
  • Free Roadside Assistance worth Rs. 1,399.

Click here to read more about the card.

RBL Bank Shoprite Credit Card

RBL Bank ShopRite Credit Card

Welcome Benefits

A welcome bonus of 2,000 Reward Points.

Rewards Rate

On every spend of Rs. 100, you get 1 Reward Point on retail spends, 10 reward points on fuel, and 20 reward points on grocery purchases.

Joining Fees

Rs. 500 plus applicable taxes

The RBL bank Shoprite Credit Card is a basic card with exclusive reward programs that allows you to save up to 5% on your regular spends, up to 10% on movies, and 2.5% on fuel spends. The card is best suited for people who want to avail of maximum saving opportunities with minimum charges. Following are some more benefits of the card:

  • Accelerated Reward Points on spends on fuel & groceries.
  • Exclusive welcome benefits.
  • A discount of 10% on movies 15 times a year.
  • 1% fuel surcharge waiver.
  •  Spend-based renewal fee waiver.

Click here to read more about the card.

HSBC Smart Value Credit Card

The HSBC Smart Value Credit Card is a card that comes without a joining/annual fee and allows its customers to save more and more on their spends. Along with its great Reward programs, the card has various other benefits including:

  • Complimentary airport lounge access.
  • Amazon gift voucher worth Rs. 500 as a welcome gift.
  • Up to 50% discount on your first transaction on google pay.
  • Accelerated Reward Points on selected categories including dining.

Reward Points

Credit Card Reward Points Value of 1 Reward Point Maximum Reward Rate
American Express Platinum Credit Card 5 Membership Reward Points per Rs. 40 spent on Rewards multiplier Program.
3 Reward Points per international spend of Rs. 40.
1 Reward Point per Rs. 40 spent elsewhere.
Re. 0.25 3.125%
HDFC Bank Infinia Credit Card 5 Reward Points per retail spend of Rs. 150. Re. 1 for flight/hotel bookings via Smartbuy.
Re. 0.50 for products & vouchers.
Re. 0.30 for Cashback.
3.3%
Axis Bank Magnus Credit Card 24 Edge Rewards per Rs. 200 spent on the yatra, MakeMyTrip, Goibibo, etc.
12 Edge Rewards per Rs. 200 spent elsewhere.
Re. 0.20 2.4%
Standard Chartered Ultimate Credit Card 5 Reward Points per Rs. 150 spent. Re. 1 3.33%
HDFC Diners Club Black Credit Card 5 Reward Points per Rs. 150 spent elsewhere. Re. 1 for flight/hotel bookings via Smartbuy.
Re. 0.50 for products & vouchers.
Re. 0.30 for Cashback.
3.3%
IndusInd Pinnacle World Credit Card 2.5 Reward Points per Rs. 100 spent on E-Commerce transactions.
1.5 Reward Points per Rs. 100 spent on E-com travel spends.
1 Reward Point per Rs. 100 spent on utility bills, PoS, MoTo, IVR, etc
Re. 1 2.5%
BoB Eterna Credit Card 15 Reward Points per Rs. 100 spent on travel, dining, online shopping & international transactions.
3 Reward Points per Rs. 100 spent
Re. 0.25 3.75%
ICICI Bank Sapphiro Credit Card Up to 3 PAYBACK Points per domestic spend of Rs. 100.
Up to 6 PAYBACK points per international spend of Rs. 100.
Re. 0.25 1.5%
YES First Exclusive Credit Card 12 Reward Points per Rs. 200 spent on all categories.
6 Reward Points per Rs. 200 spent on utility bills, tax payments, postal services, etc.
Re. 0.25 (for redemption against flight/hotel bookings)
Re. 0.10 for redemption against product catalogue, gift vouchers, etc.
1.5%
Axis Bank Select Credit Card 20 Edge Rewards per Rs. 200 spent on retail shopping.
10 Reward Points per Rs. 200 spent elsewhere.
Re. 0.20 2%
SBI SimplyCLICK Credit Card 10 Reward Points per Rs. 100 spent on Amazon, BookMyShow, Lenskart, Urbanclap, etc.
5 Reward Points on every online spend of Rs. 100.
1 Reward Point per Rs. 100 spent elsewhere.
Re. 0.25 2.5%
American Express SmartEarn Credit Card 10 Membership Rewards per Rs. 50 spent on Amazon, Flipkart & Uber.
5 Membership Reward per Rs. 50 spent on Swiggy, Paytm Wallet, Myntra, BookMyShow, PVR, etc.
1 membership Reward per Rs. 50 spent elsewhere.
Re. 0.25. 5%
Citi Rewards Credit Card 10 Reward Points per Rs. 125 spent on apparel & departmental stores.
1 Reward Point per Rs. 125 spent elsewhere.
Re. 0.30 for in-store shopping at partner brands & online shopping.
Re. 0.25 for fuel at IndianOil outlets & online travel sites.
Re. 0.35 for cashback.
2.8%
IDFC FIRST Select Credit Card 10 Reward Points per Rs. 100 spends on purchases over Rs. 20,000
6 Reward Points per Rs. 100 spent on online shopping.
3 Reward Points per Rs. 100 spent elsewhere.
Re. 0.25 2.5%
RBL Bank Shoprite Credit Card 20 Reward Points per Rs. 100 spent on groceries.
1 Reward Point per Rs. 100 spent elsewhere.
Re. 0.25 5%
HSBC Smart Value Credit Card 3 Reward Points per Rs. 100 spent on dining, telecom & online.
1 Reward Point per Rs. 100 spent elsewhere.
Up to Re. 0.37 1.11%

Annual Fee

Credit Card Annual fee Annual fee Waiver Condition (spends within 1 year)
American Express Platinum Credit Card Rs. 60,000 NA
HDFC Bank Infinia Credit Card Rs. 10,000 Rs. 8,00,000 or more
Axis Bank Magnus Credit Card Rs. 10,000 Rs. 15,00,000 or more
Standard Chartered Ultimate Credit Card Rs. 5,000 NA
HDFC Diners Club Black Credit Card Rs. 10,000 Rs. 5 lakhs or more
IndusInd Pinnacle World Credit Card Rs. 13,000 (first year only) NA
BoB Eterna Credit Card Rs. 2,499 Rs. 2,50,000
ICICI Bank Sapphiro Credit Card Rs. 3,500 Rs. 6,00,000 or more
YES First Exclusive Credit Card Rs. 9,999 Rs. 6,00,000 or more
Axis Bank Select Credit Card Rs. 3,000 Rs. 6,00,000 or more
SBI SimplyCLICK Credit Card Rs. 499 Rs. 1,00,000 or more
American Express SmartEarn Credit Card Rs. 495 Rs. 40,000 or more
Citi Rewards Credit Card Rs. 1,000 Rs. 30,000 or more
IDFC FIRST Select Credit Card Nil NA
RBL Bank Shoprite Credit Card Rs. 500 Rs. 1,00,000 or more
HSBC Smart Value Credit Card Nil NA

Other Key Features

Credit Card Welcome Bonus Lounge Access
American Express Platinum Credit Card 1,00,000 Membership Reward Points Access to over 1,200 airport lounges globally.
HDFC Bank Infinia Credit Card 10,000 Reward Points Unlimited domestic & international lounge access
Axis Bank Magnus Credit Card 1 complimentary flight ticket / Tata Cliq voucher worth Rs. 10,000. Unlimited complimentary domestic lounge access.
8 complimentary international lounge access each year.
Standard Chartered Ultimate Credit Card 6,000 Reward Points Complimentary Priority Pass membership with 1 complimentary lounge visit per month
HDFC Diners Club Black Credit Card Complimentary membership of Amazon Prime, Club Marriott, Zomato Pro, Times Prime, etc. Unlimited domestic & international airport lounge access to over 1000 lounges.
IndusInd Pinnacle World Credit Card Gift vouchers from Oberoi hotels / Bata / Vero Moda/ Pantaloons, etc. Complimentary Priority Pass Membership.
BoB Eterna Credit Card 10,000 Reward Points Unlimited domestic airport lounge access
ICICI Bank Sapphiro Credit Card Gift vouchers & benefits worth Rs. 9,000 4 complimentary domestic lounge access per quarter.
2 complimentary international lounge access per year.
YES First Exclusive Credit Card 40,000 Reward Points Complimentary Priority Pass membership with unlimited complimentary lounge visits outside India.
Axis Bank Select Credit Card Amazon gift voucher worth Rs. 2,000 6 complimentary international lounge access per year.
8 complimentary domestic lounge access every year.
SBI SimplyCLICK Credit Card Amazon gift card worth Rs. 500 NA
American Express SmartEarn Credit Card A cashback of Rs. 500 NA
Citi Rewards Credit Card Up to 2,500 Reward Points NA
IDFC FIRST Select Credit Card Gift vouchers worth Rs. 500 4 complimentary domestic lounge access each quarter
RBL Bank Shoprite Credit Card 2,000 Reward Points NA
HSBC Smart Value Credit Card Amazon voucher worth Rs. 500 3 complimentary domestic & international lounge access.

What Are Rewards Credit Cards?

Reward Credit Cards are the special type of cards that earn you rewards in the form of Reward points, Air miles, Payback points, etc on the basis of your spends. For example, a reward credit card can provide you with 10 Reward Points per Rs. 100 you spend and another card can earn you 5 Air Miles per Rs. 150 you spend.

The rewards you earn can be more or less depending on the categories where you spend. You can earn 1 Reward Point per Rs. 100 for a particular category & 5 Reward Points on spending on another category with the same credit card. The reward rate or the benefit you get in percentage can be calculated with the value of 1 Reward point, which may be different for each 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: it is not necessary that a card providing 10 Reward points per Rs. 100 is better than a card providing 5 Reward Points per Rs. 100.

It is because the value of 1 Reward Point can be different for each card. Let’s say in the first card (providing 10 Reward Points), 1 RP = Re. 0.20 and in the second card, 1 RP = Re. 0.50, then the one providing fewer Reward Points is actually giving 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 you bonus reward points as a welcome gift and as milestone benefits on spending a particular amount within a pre-specified time period.

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 spend behavior and find out the categories, where you spend the most. It is because various cards provide accelerated Reward points on some categories, and you should choose the one that is providing the most Reward Points on the categories where you spend the most.
  • Compare the fees & other charges of the credit cards and go with the one that can fulfill your requirements with minimum charges.
  • It is really important to check where you can redeem the Reward Points you earn 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 all the credit cards in the market come with some or the other reward offers, but it is really important for you to choose the one that suits your requirements. Find out where you spend the most, compare credit cards on the basis of their fees and benefits. Mix & match all the benefits of the cards along with their Reward programs and find out which one is the best for you. It might take a bit of research but in the end, you will be able to avail of the maximum benefits only if you choose your card wisely.

FAQs:

Although all the credit cards mentioned above are among the top rewards credit cards in India, the following two are the best out of them:

In Premium Credit Cards – HDFC Infinia Credit Card.
In Retail Credit Cards – SBI SimplyCLICK Credit Card.

Some of the Best Rewards Credit Cards with an annual fee of less than Rs. 1,000 are:

SBI SimplyCLICK Credit Card – Rs. 499
American Express SmartEarn Credit Card – Rs. 495
IDFC FIRST Select Credit Card – Nil
RBL Bank Shoprite Credit Card – Rs. 500

You can avail of 1 complimentary lounge visit every month with your Standard Chartered Ultimate Credit Card if you spend Rs. 20,000 or more in the previous month.

Yes, you can redeem your earned Reward Points against cashback at a value of 1 Reward Point = Re. 0.35 with the Citi Rewards Credit Card.

For the IndusInd Pinnacle World Credit Card, 1 Reward Point = Re. 1.

Comments

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Add cards to start comparing

Compare Cards