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Top Credit Cards

Since there are many categories of credit cards, it may be difficult to choose the best credit card for you. Here is a list of the top ten credit cards and is based on the different categories they fall under.

Credit Card Category
RBL Bank SaveMax Co-branded Credit Card Reward Points
FinBooster: YES BANK Co-branded Credit Card Reward Points
IndusInd Platinum Card Fee Waiver
IndusInd Platinum Aura Edge Visa Card Lifestyle
Citi Cash Back Credit Card Cash Back
Citi Rewards Card Rewards
IndianOil Citi Credit Card Fuel
HDFC Diners ClubMiles Card Lounge Access
HDFC Freedom Card Reward Points
Axis Bank Neo Credit Card Shopping and Movies
HSBC Platinum Credit Card Travel and Dining
Kotak PVR Gold Credit Card Movies

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Different Types of Credit Cards in India

  • Shopping Credit Cards
  • LifeStyle Credit Cards
  • Fuel Credit Cards
  • Rewards Credit Cards
  • Cashback Credit Cards
  • Travel Credit Cards

Features & Benefits of a Credit Card

Welcome Gift Many banks offer a welcome gift to new credit card applicants once the card is issued to them in the form of bonus reward points, vouchers, discounts, etc.
Rewards Program All credit cards generally have a reward program, which allows cardholders to earn reward points on every transaction they make using their cards.
Fuel Surcharge Waiver Banks offer a fuel surcharge waiver to the cardholders on spending a specific amount of money on fuel every month.
Cashback Benefits Many credit cards offer cashback benefits to the customers.
Lifestyle Benefits Cardholders can enjoy various lifestyle benefits on their credit cards, such as offers on dining, shopping, wellness, entertainment, etc.
Travel Benefits Travel benefits of credit cards include air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc.
Airport Lounge Access Some credit cards offer complimentary airport lounge access to cardholders. The offer varies from one bank to another.
Add-on Cards Many banks allow their credit cardholders to apply for add-on credit cards for their immediate family members.
Insurance Coverage Some premier cards provide a comprehensive insurance policy that provides coverage against air accidents, life, lost baggage, lost card, outstanding, etc.
Balance Transfer Credit cardholders can transfer the outstanding balance of their existing cards issued by one bank to the credit card account of another bank.
Global Acceptance Today, most credit cards that are issued in India are international credit cards and are accepted by various merchants all over the world.
EMI Conversion The feature allows the credit card members to convert their credit card transactions into easy monthly instalments (EMIs).
Credit Score Owning a credit card helps you build a healthy CIBIL score. By making timely payments on your card and in full, you receive a positive credit score for credit bureau, CIBIL.

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Credit Card Eligibility

The eligibility criteria for a credit card are dependent on a range of factors. Check out the primary eligibility criteria for credit cards

Eligibility Criteria Requirement
Nationality Indian
Age 18 years
Employment status Salaried or Self-employed
Income Depends on one bank to the other
Credit Score Good credit score (700 and above)

Documents Required to Apply for a Credit Card

Applicants can submit any one of the ID proof, address proof, and income proof documents listed below.

Requirements Salaried Individuals Self Employed
ID Proof Passport, Permanent Account Number (PAN) card, Aadhaar card, Voter’s ID Passport, PAN card, Aadhaar card, Voter’s ID
Residential Proof Aadhaar Card, Electricity Bill, Telephone bill Aadhaar Card, Electricity Bill, Telephone bill
Income Proof Salary Certificate, Recent Salary slips, Employment Offer Letter Certified Financials, Recent Income Tax Returns (ITR) Statement, Passport

Which is the Best Credit Card for You?

  • Your spending pattern: Your monthly spending pattern is a significant factor in choosing the right credit card.
  • The reward type: Credit cards offer rewards in terms of cashback, rewards points & air miles.
  • Fees and charges: Compare the interest rate on different cards and the fees and charges that apply.
  • Offers on the card: Some cards have great offers and discounts when you use them to shop on a particular website or when you use it in a specific store.
  • Welcome bonus or gift: Some banks offer welcome gifts and joining bonuses on applying for a credit card. Gifts could be the latest gadget or bonus points and miles.
  • Payment options: Most cards will allow you to make payments via multiple channels.

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How to Apply for a Credit Card?

You can apply for a credit card, both online and offline. Due to the COVID-19 pandemic, the credit card application process has been digitized, making it simpler and faster.

The Process to Apply for a Credit Card Online

You can Compare & Apply for a Credit Card on website by Following 4 Simple Steps:

Step 1: Compare credit card offers.

Step 2: Select from the top cards offered by leading Indian banks.

Step 3: Check your eligibility by entering a few personal details.

Step 4: Enjoy instant approval online after filling out your application form.

Alternately, you can also apply for a card online on the bank’s website by following these steps:

Step 1: Visit the bank's website.

Step 2: Explore the cards offered by the bank.

Step 3: Use the comparison tool if available to compare their features and benefits.

Step 4: Select the card that is the right one for you and hit the 'Apply' button.

Step 5: Fill in the required details and upload all necessary documents.

Step 6: Submit your form.

Note: Each bank may have a different application procedure. Visit the bank's website for more details regarding how to apply for their card online.

How to Use a Credit Card?

The following are some of the important tips on how to use a credit card:

  • Use the right card for the right purchase

    If you have more than one credit cards, ensure you are using the right one based on your needs. For instance, use a travel credit card if you spend a considerable part of your income on travel such as booking flight tickets, hotels, and more. This way you can earn reward points.

  • Pay the bills into EMIs

    One of the best ways to use credit cards is converting your purchases into EMIs and repay the bills as per your convenience.

  • Opt for a personal loan during emergencies

    Many lenders allow its credit card users to convert their unutilized credit limits into personal loans at a nominal interest. This helps credit card users to meet their urgent needs in no time.

  • Shop online using reward points

    Credit cards offer 2x reward points when you purchase online.

  • Redeem your reward points

    Banks allow its credit card users to redeem their reward points to get discounts on hotel bookings, flight tickets, etc. These reward points provide exclusive shopping vouchers, cashbacks and recharge voucher to the users.

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