The usefulness and importance of credit cards in the modern day cannot be understated. With rapid digitalization and the growing emphasis on credit, these handy financial tools are becoming increasingly popular.
Additionally, holding a credit card can prove to be highly beneficial for the user, owing to a number of reasons such as reward points and attractive offers. For instance, you can apply for a credit card with no annual fee and save significant amounts of money. With the growing demand for credit cards in India, there is an influx of a plethora of cards from various credit card issuers. The immense variety of credit cards available today can make it confusing for one to choose the right card for themselves. Thus, we’ve rounded up a list of the best credit cards that you can get in 2022.
- Bajaj Finserv RBL Bank Platinum Choice First Year Free SuperCard
The Bajaj Finserv RBL Bank SuperCard is one of the best credit cards in India that offers exceptional features and unbelievable benefits. It gives you the power of 4 cards packed in 1, acting as a credit card, cash card, EMI card, and a loan card. It comes with an easy EMI conversion facility that allows you to convert your purchases into EMIs hassle-free. In addition, you can avail of emergency loans with an affordable interest rate of 1.16% per month.
- Axis Ace Credit Card
One of the hottest credit cards in India, the Axis Ace credit card bestows 2% cashback on all regular expenditures. You are also eligible for Rs. 500 cashback on spending Rs. 10,000 in the first 90 days with this card.
- SBI Card SimplySAVE
This card is designed for the avid shopper as it comes with an accelerated rewards structure that allows you to earn 10X rewards on every Rs. 100 spent on groceries, movies, dining, and departmental stores. You can also earn 2000 bonus reward points if you spend Rs. 2,000 within the first 60 days.
- HDFC Millennia Credit Card
If you’re new to credit cards, the HDFC Millennia card could be the perfect choice for you. With excellent reward earnings in numerous categories, this card can help you avail of great offers. Additionally, you can save enough to cover the annual fee of the card.
- Bajaj Finserv RBL Bank Platinum Plus First Year Free SuperCard
The Bajaj Finserv RBL Bank Platinum Plus First Year Free SuperCard is one of the best credit cards as it boasts of best-in-class features such as 5% cashback on down payments made using the SuperCard. It also allows conversion of any purchase above Rs. 2000 into EMIs. Furthermore, you can enjoy 1+1 movie tickets on BookMyShow every month with this SuperCard. You are also entitled to 2 complimentary airport lounge access annually. This is a credit card with no annual fee (India) for the first year.
- YES Prosperity Edge Credit Card
This premium card entails myriad benefits for the user such as Rs. 15,000 as bonus reward points on the spending of Rs. 6 lakh in each anniversary year. With 2-4 reward points on the spending of Rs. 200, the card lets you earn lucrative rewards in different categories.
- IDFC First Select
IDFC First Select is a unique card that can serve as a basic card and a premium card all at once. If you spend more than Rs. 1 lakh during a billing cycle, you are entitled to amazing rewards with this credit card which translates to around 2%. This is the top credit card with no annual fee India has to offer.
- ICICI HPCL Coral Credit Card
This is a fuel card that comes with massive benefits for those who drive around a lot. It gives you 2 payback points on every Rs. 100 spent on purchases other than fuel. You can redeem 2,000 payback points for a fuel purchase worth Rs. 500.
- Standard Chartered Platinum Rewards Credit Card
This premium credit card allows you to save money whenever you dine out. It gives you 5X reward points for every Rs. 150 that you pay at fine-dine restaurants. You can also enjoy 5X reward points for every Rs. 150 that you spend on fuel.
- Bajaj Finserv RBL Bank Travel Easy SuperCard
If you are a travel enthusiast, the Bajaj Finserv RBL Bank Travel Easy SuperCard is one of the best credit cards for you as it comes with industry-leading features and benefits. This card gives you 10% cashback on Ola/Uber and fuel purchases. With a monthly fuel surcharge waiver and gift vouchers, you can save more than Rs. 9,000 annually by using this credit card. Additionally, you can make down payments on your EMI purchases with your SuperCard reward points.
In conclusion, the best entry-level credit cards include the HDFC Millennia credit card and the SBI SimpleSAVE credit card. If you want a premium credit card, you can choose from Axis Ace Credit Card, Bajaj Finserv RBL Bank Platinum Plus First Year Free SuperCard, YES Prosperity Edge Credit Card, and the Standard Chartered Platinum Rewards Credit Card. If you want rewards on shopping, traveling or fuel, the best credit card are Bajaj Finserv RBL Bank Travel Easy SuperCard, ICICI HPCL Coral Credit Card, and the IDFC First Select Credit Card.