10+ Best Rewards Credit Cards in India 2026

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. This is because they are generally affordable, and some even have no annual fee. When you spend using a Rewards Card, you earn a specific number of reward points for every 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 purchase 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 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:

IDFC FIRST Wealth Credit Card

4.5/ 5 Compare

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Joining Fee

Nil

Annual Fee

Nil

Best Suited For

Movies | Travel | Shopping

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards RateEarn 10X Reward Points Per ₹200 on Dining, Travel & International Spends, 3X on Regular and UPI Spends Above ₹2,000, and 1X on Insurance, Utilities, Railways, FASTag and UPI Spends Up to ₹2,000

Welcome Benefits₹500 Voucher from Uber, Amazon, and Bigbasket on Spending ₹5,000 Within 30 Days of Card Issuance. 5% Cashback Upto ₹1,000 on the First EMI Transaction

HDFC Bank Regalia Gold Credit Card

4.5/ 5 Compare

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Joining Fee

₹2,500 + GST

Annual Fee

₹2,500 + GST

Best Suited For

Travel | Shopping

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards Rate5 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 BenefitsVoucher Worth ₹2,500

IndusInd Bank Tiger Credit Card

4.5/ 5 Compare

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Joining Fee

Nil

Annual Fee

Nil

Best Suited For

Movies | Travel

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards RateUpto 6 Accelerated Reward Points on Every ₹100 Spent on Eligible Transactions

Welcome BenefitsN/A

HSBC Visa Platinum Credit Card

4.3/ 5 Compare

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Joining Fee

Lifetime Free

Annual Fee

Lifetime Free

Best Suited For

Shopping

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards Rate2 Reward Points/₹150 Spent

Welcome Benefits3 Month Swiggy One

Axis Bank Horizon Credit Card

4.7/ 5 Compare

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Joining Fee

₹3,000 + GST (Nil for Burgundy Savings Account)

Annual Fee

₹3,000 + GST (Nil for Burgundy Savings Account)

Best Suited For

Travel

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards Rate5 EDGE Miles on Axis Travel Edge and Airline Spends. 2 EDGE Reward Points on all Other Eligible Spends

Welcome Benefits5000 EDGE Miles on Spends of ₹1,000 Within the First 30 Days of Card Issuance

BOBCARD ETERNA Credit Card

4.4/ 5 Compare

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Joining Fee

Nil

Annual Fee

₹2,499 + GST

Best Suited For

Travel | Shopping

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards Rate15 Reward Points/₹100 on Online, Travel, Movie, and Dining Spends (~3.75%). 3 Reward Points/₹100 on Other Eligible Spends (~0.75%)

Welcome Benefits10,000 Bonus Reward Points and Complimentary 12 Month FITPASS PRO Membership

IDFC First Bank Ashva Metal Credit Card

4.5/ 5 Compare

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Joining Fee

₹2,999 + GST

Annual Fee

₹2,999 + GST

Best Suited For

Travel | Shopping

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards Rate10X 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 BenefitsUp to 7,500 Reward Points

HSBC TravelOne Credit Card

4.6/ 5 Compare

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Joining Fee

₹4,999 + GST

Annual Fee

₹4,999 + GST

Best Suited For

Travel | Shopping

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards Rate4 Reward Points/₹100 for Flights, Travel Platforms, and International Spends (~4%). 2 Reward Points/₹100 for All Other Eligible Spends (~2%)

Welcome Benefits₹1,000 Cashback, PostCard Voucher Worth ₹3,000, and 3 Month EazyDiner Membership on Spending ₹25,000 Within 30 Days of Card Issuance

Equitas Bank PowerMiles Credit Card

4.5/ 5 Compare

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Joining Fee

₹5,000 + GST

Annual Fee

₹5,000 + GST

Best Suited For

Travel | Shopping

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards Rate3 Reward Points for ₹100 Spent; 3X Reward Points for International POS and Online Purchases

Welcome BenefitsComplimentary Club Marriott and EazyDiner Memberships

HDFC Bank INFINIA Metal Credit Card

5/ 5 Compare

Invite OnlyView Details

Joining Fee

₹12,500 + GST

Annual Fee

₹12,500 + GST

Best Suited For

Travel | Dining | Shopping

Rewards Type

Reward Points

Rewards rate and welcome benefits

Rewards Rate5 Reward Points/₹150 Spent (3.33% Reward Rate)

Welcome Benefits12,500 Bonus Reward Points and Complimentary Club Marriott Membership

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 –

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.

This 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 on 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 impression 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 highest. This is because different cards offer accelerated reward points in specific categories, so choose the one that gives the most 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 where you spend the most, compare cards based on fees and benefits, and choose the one that best fits your needs. Choosing the right credit card is just the first step in the world of credit cards. To keep your credit journey smooth and rewarding, 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.