15 Best Credit Card In India For 2022: The Ultimate List

Best Credit Card In India: Selecting a credit card suitable for your spending style and lifestyle is the only way to reap the advantages of using credit cards entirely. However, choosing one credit card among the many available choices could be challenging.

To simplify things, we’ve compiled a list of the best credit cards public in India from various card issuers and top cards in multiple categories, including rewards, cashback, rewards, and cards with premium credit cards features. These categories include shopping, travel, fuel, and reward cards.

Best Credit Card In India

Numerous credit cards in India provide tempting advantages, including reward programmes, cashback, gasoline savings, insurance advantages, travel advantages, etc. You may get the most out of your credit card if you choose it carefully, depending on your lifestyle needs. (premium credit cards) The top 10 credit cards in India according to various categories and criteria are covered in detail below. This will help you select the ideal credit card to improve your lifestyle and save money.

List Of Best Credit Cards In India 2022

Here are the top credit cards that provide excellent cashback on online purchases from a few specific companies and all other online purchases.

1:- Axis Bank Ace Credit Card

Axis Bank Ace Credit Card
  • Joining Fee: Rs.499
  • Annual Fee: Rs.499
  • Welcome Benefits: N/A
  • Rewards Rate: 5% cashback on bill payments and mobile recharges made through GPay, 4% cashback on Swiggy, Ola7, and Zomato, and 2% cash back on all other purchases.

Axis Bank Ace Credit Card is a fantastic choice for first-time cardholders seeking a high cashback rate at a low annual fee. In addition to additional advantages like access to airport lounges and dining discounts, the card offers up to 5% cashback on bill payments and online meal delivery. The fact that there is no limit on how much cashback you may earn with this card is its most vital feature.

Why we choose it:

The most excellent feature about this card is that there is no upper or lower limit on the cash back it offers when using Google Pay to pay bills. When using Google Pay, you also receive a scratch-off card with the chance to win more money. Ola, Zomato, and Swiggy all offer 4% cash back with no cap, while all other purchases you make with this card get 2% cash back.

The yearly credit card cost is relatively affordable compared to the features offered. The Standard Chartered Super Value Card, which is somewhat more expensive than this card and has a double-sided cap, is the only card comparable to it. Ace offers you more significant value than you would expect to pay.

Pros

  • On payments for bills like electricity, gas, DTH, mobile recharges, etc., 5% cashback is offered. Cashbacks are not limited to any amount.
  • 20% off at restaurants that partner.
  • Free access to the lounge
  • No gasoline charge

Cons

  • To receive welcome cashback, one must spend INR 10,000 within the first 90 days.
  • EMI interest rates vary depending on the circumstances.

2:- Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card
  • Joining Fee: Rs.500
  • Annual Fee: Rs.500
  • Welcome Benefits: Welcome benefits of up to Rs. 1,100 on card issuance, up to Rs. 500 in Flipkart vouchers, 15% cashback up to Rs. 500 on your first Myntra transaction, and up to 50% off of your first Swiggy transaction are also available.
  • Rewards Rate: 4% cashback on preferred partners (Swiggy, Uber, PVR, and cure. fit), 5% cashback on Flipkart and Myntra, and 1.5% cashback on all other purchases.

Another entry-level credit card with an excellent cashback rate for online shopping is the Flipkart Axis Bank Credit Card. The card offers benefits from renowned companies like Flipkart, Myntra, and other chosen partners (Uber, PVR, Tata SKY, Swiggy, etc.). The card performs more like a cashback credit card while being a co-branded card.

Why we choose it: 

This card includes many pleasant benefits, and by using these alone, you can recover your card premium. Technically, there are few differences between this card and the Axis Bank ACE Card; the difference is in the number of welcome incentives. Also excellent is a 20% dining discount. The infinite cash back is the most attractive feature.

Pros

  • This card makes a variety of pleasant, bright welcome advantages accessible.
  • 20% off food from affiliated restaurants.
  • Reduction of fuel surcharge fees is available.
  • In India, there are four airport lounge visits every year.

Cons

  • The annual fee remission amount is a little expensive.
  • 1.5% cash back on partners besides them is not much.
  • Some of the appreciated advantages might be viewed as unimportant.

3:- SBI SimplyClick Credit Card

SBI SimplyClick Credit Card
  • Annual Fee: Rs. 500
  • Welcome Benefits: After paying the annual fees, you’ll receive a 500 rupee Amazon e-voucher as part of the welcome package.
  • Rewards Rate: For every Rs. 100 spent offline, one reward point is received (the reward rate is 0.25%); for online purchases made at partner merchants, RPs are multiplied by ten (Amazon, BookMyShow, Apollo24x7, etc.) (5X RPs on additional online purchases; reward rate: 1.25%); reward rate: 2.5%)

One of SBI Credit card top entry-level credit cards, the SBI SimplyCLICK Credit Card has a low annual membership cost of Rs. 499 and provides a high reward percentage at partner e-commerce sites like Amazon, Cleartrip, BookMyShow, Lenskart, UrbanClap, etc.

Why we choose it: 

Compared to other cards in the same category, a simply click Credit Card is a cost-effective primary point-based credit card for online shopping. Users interested in saving money and earning rewards points for online shopping will find it most useful. This card covers all well-known online retailers, and the reward points for shopping are especially beneficial.

Pros

  • You receive points worth INR 2.50 for every INR 100 you spend when you shop online with its partners.
  • For every INR 100 spent on any online purchase, you can earn payback points worth INR 1.50.
  • You receive a 500 INR Amazon voucher when you sign up, covering the charge.
  • You can pay a lower interest rate and transfer unpaid balances from other cards.

Cons

  • Because one receives payback points worth 0.25 paisa, repayment is not focused on offline purchases.
  • Reward Points shall not be accrued for e-wallet loading transactions made on any partner brand website or app listed in MCCs 6540 and 6541 (using best efforts).

4:- Amazon Pay ICICI Credit Card

Amazon Pay ICICI Credit Card
  • Joining Fee: Nil
  • Annua Fee: Nil
  • Welcome Benefits: First Amazon Pay Balance bonus (Rs. 300 to Rs. 600)
  • Rewards Rate: 5% cashback for Amazon prime and 3% for non-Prime members on Amazon purchases, 2% cashback on partner products, and 1% cash back on all other payments except gasoline purchases.

Since you may receive up to 5% cash back on purchases made on Amazon, the Amazon Pay ICICI bank credit card is the most excellent cashback credit card for Amazon fans. The fact that this card has no annual fee and a respectable reward % is its most vital feature. Additionally, since Amazon is a top e-commerce destination for all shopping requirements, this card is strongly advised for regular purchases.

Why we choose it: 

In addition to these reward perks, the bank’s Culinary Treats Program offers dining benefits with a minimum 15% discount at partner restaurants.

Pros

  • There are no joining or yearly fees.
  • It provides Amazon Prime subscribers with premium benefits and rewards.
  • All Indian gas stations offer a 1% full refund to customers.

Cons

  • Only Amazon members can use it.

5:- HDFC Millennia Credit Card

HDFC Millennia Credit Card
  • Joining Fee: Rs. 1000
  • Annual Fee: Rs. 1000
  • Welcome Benefits: One 1,000 CashPoints as a welcome bonus.
  • Rewards Rate:- 1% cashback (as CashPoints) on all other purchases and 5% cashback (as CashPoints) at a chosen group of online partner retailers (except fuel)

If you specifically want an HDFC credit card with a high cashback rate, the HDFC Bank Millennia Credit Card is a fantastic choice. The card provides good value-back on everyday purchases and internet purchases from reputable merchants. This card is a beautiful choice if you frequently use your credit card for online shopping because you can get rid of the annual charge if you use it more than a lakh in a year.

Why we choose it: 

The card now has new features that make it easier to use and give it a fresh appearance. The updated features covered in our study will be on the cards issued in the future. It is distinctive since the bank has worked with some of the most well-known businesses on the market to deliver CashPoints worth 5% of every purchase.

Pros

  • The 5% CashPoints rate for partner brands is acceptable.
  • Calculating the value of reward points is simple.

Cons

  • Each billing cycle’s maximum CashPoints amount is INR 1,000.
  • To redeem against a bill, you need 500 CashPoints. A lesser sum cannot be used as payment for the bill.

6:- Citi CashBack Credit Card

Citi  CashBack Credit Card
  • Joining Fee: Rs. 1000
  • Annual Fee: Rs. 1000
  • Welcome Benefits: N/a
  • Rewards Rate: When you pay your phone, movie, and electricity bills, you will receive 5% cashback. When spending in all other categories, you receive 0.5% cashback.

One of the most significant credit cards is the Citi Rewards Credit Card, which gives you expedited reward points for all transactions. The card comes with a welcome bonus of up to 2,500 reward points and has a minimum membership fee of Rs. 1000. For everyday costs, especially clothing purchases, this card is a great option.

Why we choose it: 

An entry-level credit card that offers cash back, the Citi Cash Back Card has an annual charge of just Rs. 500. On all purchases made with the Cash Back Card, you receive rewards. Additionally, the card offers accelerated cashback on purchases of cinema tickets and energy bills. Additionally, you receive special savings on travel and food expenses (with specific partner merchants).

Pros

  • The card gives you 2500 reward points as a welcome bonus.
  • It enables you to gain points or instantly redeem them.
  • You can instantly redeem reward points with this credit card via SMS.
  • With this credit card, you may use the EMI feature to break up large purchases into smaller payments.

Cons

  • A foreign transaction fee applies.

7:- HDFC Regalia Credit Card

HDFC Regalia Credit Card
  • Joining Fee: Rs. 2500
  • Welcome Benefits: 2,500 bonus Reward points
  • Rewards Rate: 4 bonus points are earned for every Rs. 150 spent.

One of India’s most well-liked and ranked credit cards for lifestyle purchases is the HDFC Regalia Credit Card. For financially secure professionals, it should be their preferred card. The card has an annual membership fee of Rs. 2,500 and serves as a stepping stone to the more exclusive and expensive credit cards, many of which are invite-only.

Why we choose it:

Although the annual charge is a bit pricey, you receive 2500 reward points when you pay it. Since each reward point is worth 50 pesos, you can receive half the cost in reward points.

The insurance coverage is crucial; it provides INR 1 crore in case of accidental death in an aeroplane crash if this credit card was used to purchase the tickets and INR 15 lakh in case you require hospitalisation while travelling. This is a great offer.

Pros

  • Up to INR 15 lakh in insurance coverage for unexpected hospitalisation overseas
  • insurance covers lost cards up to INR 9 lakh
  • 12 free admissions to airport lounges outside India and six inside the country are included with Dineout Passport Membership Lounge Visits.
  • The markup on foreign exchange is only 2%.

Cons

  • Higher net income standards
  • If the yearly cost is reduced, the 2500 reward points that come with paying for membership are not awarded.
  • The cardholder’s city may or may not have a Dineout Passport facility.

Check this also: Regalia Credit Card HDFC 

8:- SBI SimplySAVE Credit Card

SBI SimplySAVE Credit Card
  • Joining Fee: Rs. 500
  • Annual Fee: Rs.500
  • Welcome Benefits: Multiple according to conditions

One of SBI’s most well-known and influential credit cards, it offers premium advantages for everyday purchases at reasonable costs. The card has widespread acceptance at many merchant locations worldwide, allowing for easy bill payment and brilliant EMI conversions.

Why we choose it: 

This card is intended to meet the needs of its young clients, who enjoy going out to eat, shopping, and going to the movies frequently. The features of this card are identical to those of SBI’s other card. Click for online purchases. SBI’s merely clicking and SimplySAVE is the best online and offline buying options. It is an easy-to-apply card with a reasonable charge.

Pros

  • 10X Rewards for offline purchases equal 2.5 INR for every 100 INR spent.
  • The most pleasing aspect of this offer is that it may be used with any offline offer.
  • The amount of Reward Points you can earn is unlimited.

Cons

  • There is only 1 Reward Point for online purchases, which is a minimal number.
  • You must first spend INR 2,000 to receive the welcome Reward Point.

9:- HDFC Diners Club Black Credit Card

HDFC Diners Club Black Credit Card
  • Joining Fee: Rs. 10,000
  • Annual Fee: Rs, 10,000
  • Welcome Benefits: Memberships to MMTDOUBLEBLACK, Zomato Gold, Club Marriott, Times Prime, and Amazon Prime for free for a whole year.
  • Rewards Rate: Spending on SmartBuy will earn you 5 Reward Points for every Rs. 150 spent and faster Reward Points.

It is the best credit card in India in the super-premium range. The card offers many advantages for shopping, travelling, dining, golf, etc. It provides elite benefits with the highest rewards and the ability to redeem cash back. It also offers sophisticated accessibility for both domestic and foreign use.

Why we choose it: 

It is HDFC Bank’s second-most expensive option. Additionally, it has an annual charge of Rs. 10,000 and provides several premium advantages and benefits.

Pros

  • The membership cost is reversed with Rs. 10,000 and an annual spend of Rs. 5 lakh.
  • It provides the best reward rate among Indian credit card options.
  • In partner brands, it offers 10X reward points.

Cons

  • For travel and lifestyle items, it works best.

10:- IDFC First Classic Credit Card

IDFC First Classic Credit Card
  • Joining Fee: Nil
  • Welcome Benefits: If you spend Rs. 15,000 or more within the first 90 days, you’ll receive a welcome gift ticket worth Rs. 500.
  • Rewards Rate: Every rupee 150 spent offline earns 3 reward points, while every rupee 150 spent online earns 6 reward points.

The FIRST Millennia Credit Card from IDFC Bank offers cash back on purchases and emergency credit with no interest for 48 days in India and abroad. The card is cost-free and has no yearly application fees, making it even more alluring.

Why we choose it: 

  • For every Rs. 100 spent on your birthday, you’ll receive 10 Reward points in addition to the 3 Reward Points for physical purchases, 6 Reward Points for online purchases, and 10 Reward Points for any other transactions over Rs. 20,000.
  • Access to the train lounge is free four times every quarter.
  • 25% off the cost of movie tickets.
  • Roadside assistance is provided without charge.

Pros

  • For 48 days, cash withdrawals are interest-free.
  • No yearly charge.
  • No enrollment cost.

Cons

  • 99 INR + GST as a convenience fee when redeeming reward points.

11:- Axis Bank Select Credit Card

Axis Bank Select Credit Card
  • Joining Fee: Rs, 3000
  • Welcome Benefits:  2,000 rupee Amazon gift card upon making the first purchase within 90 days of the card’s issuance.
  • Rewards Rate: 20 EDGE Points every Rs. 200 spent on retail purchases and 10 EDGE Points per Rs. 200.

Axis Bank’s mid-tier credit card is the Axis Bank Select Credit Card. This card has an annual membership cost of Rs. 3,000. The credit card provides numerous advantages for all types of purchases.

Why we choose it:

  • As a welcome bonus, you will receive an Amazon gift card worth Rs. 2,000 when you make your first purchase within 90 days of receiving your card.
  • Under Priority Pass membership, you get 6 free international lounge passes, and 8 free domestic airport lounge passes each year (maximum 2 per quarter).
  • Enjoy six rounds of golf at no cost each year, plus three more if you spend at least Rs. 3 lakh on golf each year.
  • 2.5 crore in personal air accident insurance and numerous other travel-related insurance advantages.
  • Coupons for discounts at partner brands when reaching the required milestones in terms of spending.

12:- HSBC CashBack Credit Card

HSBC CashBack Credit Card
  • Annual Fee: Rs. 750
  • Welcome Benefits: On the first Rs. 1000 spent within 30 days, it offers welcome coupons for Amazon, Zomato, and Myntra. The first Google Pay transaction is eligible for a 50% discount.

One of the best cards, it offers a variety of benefits, including interest-free credit periods and foreign exchange transactions, for online purchases. (grocery shopping) Additionally, it is the most significant credit card for rewarding points and partner brands, allowing early access to airport lounges with various bonuses.

Why we choose it: 

  • Every purchase earns 1.5% cash back from it.
  • Airport lounge access is provided without charge.

Pros

  • There are no renewal fees.
  • The joining amount is reversed on the expenditure of Rs. 1 Lakh from the prior year.
  • It provides 45 days of interest-free credit.

Cons

  • High overdue fines and late fees are charged.

Check this also: BOB Credit Card

13:- Air India SBI Signature Credit Card

Air India SBI Signature Credit Card
  • Joining Fee: Rs. 4999
  • Annual Fee: Rs. 4999
  • Welcome Benefits: With every purchase, the card provides several incentives for redeeming rewards and methods for converting reward points quickly into flying miles.
  • Rewards Rate: 3% 6E Rewards on dining, shopping, and entertainment; 6% 6E Rewards on indigo; and 2% 6E Rewards on all other purchases.

The Air India signature card is the best option for frequent cross-border travellers. The card offers quicker reward redemption for flights and access to airport lounges with a priority pass membership. (utility bills) It is the most significant credit card for travellers and NRIs because it offers numerous bonuses in foreign currencies at high conversion rates.

Why we choose it: 

  • It offers the highest level of priority pass membership and premium advantages.
  • There are numerous anniversary advantages.

Pros

  • For EMI payments, it provides the Flexi Pay option.
  • It gives 8 people free access to domestic and international airport lounges.
  • It provides simple bill payment and EMI conversion options.

Cons

  • It works well for travel-related expenses.

14:- SBI Prime Card

SBI Prime Card
  • Joining Fee: Rs. 2,999
  • Annual Fee: Rs. 2,999
  • Welcome Benefits: Any one of these brands: Yatra, Aditya Birla Fashion, Bata/Hush Puppies, Shoppers Stop, and Pantaloons Gift voucher (worth Rs. 3,000).
  • Rewards Rate: For every Rs. 100 spent on meals out, movies, and departmental stores, you’ll earn 10 reward points; for all other retail purchases, you’ll earn 2 reward points.

This credit card is ideal for someone seeking a card with a respectable reward rate and perks for a variety of spending categories, such as travel, entertainment, eating, reward points, and gift cards, among others. It doesn’t offer ultra-premium prizes, but it does have some good perks.

Why we choose it: 

  • Free Trident Privilege and Club Vistara Silver grade memberships are offered as travel privileges.
  • Access to both domestic and international airport lounges is (restricted).
  • Each month, free games of golf and instruction are provided.
  • Benefits from insurance include Rs—50 lakh protection for flying accidents and a Rs. 1 lakh fraud liability cover.

Pros

  • Spending INR 100 on restaurants, groceries, departmental stores, and movies returns INR 2.5 in value.
  • If you spend 100 on retail, you will receive INR 0.5 in return.
  • Milestone benefit is exclusive after paying INR 50,000.
  • The welcome gifts represent the membership fee.

Cons

  • The variety of facilities offered by all three businesses—VISA, Mastercard, and American Express—makes it a little challenging to keep up.
  • The annual charge is a little higher compared to other businesses offering the same payback for a far lower fee.

15:- Indian Oil Citi Credit Card

Indian Oil Citi Credit Card
  • Joining Fee: Rs. 1,000
  • Annual Fee: Rs. 1,000
  • Welcome Benefits: On card activation, receive 250 Turbo Points
  • Rewards Rate: Every Rs. 150 spent earns you one Turbo Point, two Turbo Points for grocery store purchases, and four Turbo Points for fuel purchases.

One of the top credit cards for fuel expenses that also offers bonuses. It provides turbo reward points that never expire and can be spent at any Indian gas station. (utility bills) Additionally, it gives benefits for grocery shopping and retail costs. The card is accepted at any gasoline pump in India.

Why we choose it: 

It is clear from the card’s name that it is a co-branded credit card issued by Citibank in collaboration with IOCL. On this credit card, reward points are earned as turbo points. As a welcome bonus, the card comes with 250 Turbo Points. You obtain-

  • For every Rs. 150 spent on petrol at authorised IndianOil outlets, 4 Turbo Points are earned.
  • Every $ 150 spent on groceries and other products at supermarkets earns 2 Turbo Points.
  • On all other purchases, there is 1 Turbo Point per Rs. 150.

Pros

  • Within 30 days of the card’s issuance, it offers a welcome turbo point.
  • On Indian oil fuel pumps, it grants a 1 % fuel surcharge waiver.
  • On a purchase of Rs 30,000, the annual fee is eliminated.

Cons

  • It is advantageous to Indian oil fuel pumps.

Here Is How We Selected The Best Indian Credit Cards

Choosing the top-rated and compatible credit card based on the features, revenue potential, and reward redemption options is a complicated process. Therefore, based on the highest ratings, features, rewards, and cashbacks, we have produced the list of the finest credit cards in India.

It will undoubtedly help you select the ideal credit card for your spending habits and lifestyle. As a result, we used a set procedure to present the credit card possibilities. The mentions are as follows:

  • Features: The credit card on our list had exclusive, essential perks for use domestically and abroad and premium features. We have compiled a list of the top credit cards with the most premium discounts, complementary benefits, and other open features.
  • Ratings: A wide variety of banks offer unique features and insurance credit cards. We have included the top credit card platforms used by consumers and finance consultant platforms. The maximum rating provides a thorough overview of the best credit cards available to domestic and foreign consumers.
  • Rewards: Customers are very interested in the bonus reward points available with credit cards. We’ve compiled a list of the best credit cards in India with high conversion rates and the most reward points.
  • Cashbacks: The credit cards on our list that offer cashback and waive joining and renewal fees are available in India. The credit card that provides cashback for high-end domestic and overseas shopping, dining, and petrol is listed below.
  • Hidden Fees and Transparency: There should be no hidden fees, and the business should be as open and honest with its clients as possible.
  • Value for Money: This is the most significant element that was considered. The businesses that offer the most advantages have been ranked.
  • Accessibility: Businesses that have made it simple for customers to use their credit cards have been considered.

Final Words

Unless you are extremely clear about your spending requirements, selecting the best credit card in India might be challenging. If that is not the case, you must first assess your spending patterns. To achieve that, you should figure out what percentage of your credit card bill each spending category represents. Thanks to this information, you will find it easy to choose the most significant credit card. It will undoubtedly be best to get a card that offers you the essential reward in your preferred spending category.

You may now use our list of the most accepted credit cards in India by category to choose the right card for you and apply for it on our website. You may apply for the best credit cards and read in-depth evaluations of the numerous credit cards offered in India by using Card Insider.

Frequently Asked Questions

Which credit card offers the most highest credit limit?

Air India SBI Signature Credit Card

HDFC Diners Club Black Card: To qualify for the HDFC Diners Club Black Card, the applicant’s yearly income must be at least Rs. 21 lakhs. Ten thousand rupees in the first year, then 5000 rupees each year.

Citibank Prestige Credit Card: To qualify for this card, a candidate must have a high yearly spending level or hold Citigold Private status. Rs 20,000 annual charge

American Express Platinum Travel Card: Candidates who spend at least Rs. 4 lakh on it annually are eligible to apply for the American Express Platinum Travel Card. Rs. 3,500 in the first year and Rs. 5,000 in subsequent years in annual fees.

Which banks quickly issue credit cards?

Indian Oil Citi Credit Card

Card for rapid credit approval from HDFC Bank. HDFC Bank’s credit cards are safe and offer immediate activation and ownership. 

Which credit card is the best in India for online shopping?

Axis Bank Select Credit Card

The Axis Bank Ace, SBI SimplyClick, HDFC Moneyback+, Flipkart Axis Bank, and ICICI Amazon Pay Credit Cards are some of India’s best credit cards for online shopping.

Which credit card offers the best rewards system?

IDFC First Classic Credit Card

In India, almost all credit cards provide bonus points for every purchase. However, some credit cards include a range of redemption possibilities and more prominent reward points with specific assets. The finest rewards credit cards in India are detailed in our post.