15 Best Rewards Credit Cards in India 2024 (September)

Who doesn’t love receiving some cashback or reward points every time they make a transaction on their credit card? There are so many credit card rewards available in the financial market nowadays. But what are credit card rewards? What are the best reward credit cards in India?

What are Rewards in Credit Cards?

Credit card rewards are incentives credit card issuers offer to encourage card usage. These rewards typically come in the form of points, miles, or cashback, which accumulate as you make purchases with the card. The value of the rewards varies depending on the type of card and the specific rewards program. For instance, cashback cards return a percentage of your spending as cash, while travel cards offer miles that can be redeemed for flights or hotel stays. Some cards also provide bonuses for spending in certain categories like dining, groceries, or fuel.

Additionally, many rewards programs offer sign-up bonuses, where you can earn points or cashback after spending a certain amount within a specified time frame. These rewards can be redeemed in various ways, such as statement credits, travel bookings, gift cards, or even merchandise, making them a popular feature for consumers looking to maximise the value of their spending.

Best Rewards Credit Cards in India – September 2024

We have gathered a list of the credit cards with the best rewards in the form of points and cashback in India, along with their joining and annual fees:

Below is a list of the Top features and benefits of the credit card with the best rewards:

1. Jupiter Edge RuPay Credit Card

   • Scan and pay any QR to make UPI payments with your Edge CSB Bank RuPay Credit Card
   • No joining or annual fees
   • Assured 2% cashback on either dining, shopping, or travelling
   • Assured 0.4% cashback on all other UPI and credit card spend
   • Welcome rewards worth ₹250 on your UPI & card spend
   

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2. RBL Bank Savemax Credit Card

   • Earn 5X reward points on all grocery purchases
   • Receive one reward point for every ₹100 spent using the Savemax credit card
   • Enjoy a 10% cashback on Zomato and BookMyShow when you spend ₹100 or more each month
   • A reward redemption fee of ₹99 plus GST is applicable on rewards earned with the RBL Savemax credit card

3. Axis Bank Neo Credit Card

   • Get a 15% discount with Dining Delight, up to a maximum of ₹500
   • Save ₹150 on Myntra purchases of ₹999 or more on select styles
   • Get 5% off when paying utility bills through Amazon Pay
   • Receive 100% cashback up to ₹300 on your first utility bill payment made within 30 days of card issuance
   • Enjoy a 10% discount, up to ₹100 per month, on movies booked through BookMyShow

4. IDFC FIRST Bank Select

   • Earn 10X reward points on expenses exceeding ₹25,000
   • Get 10X reward points for transactions made on your birthday
   • Accumulate 6X reward points on all online purchases
   • Receive 3X reward points for every offline transaction
   • 1X equals one reward point per ₹125 spent
   • The reward rate ranges from 0.6% to 2%

5. HDFC Regalia Gold Credit Card

   • Receive ₹1,500 worth of vouchers when you spend ₹1.5 lakh in a quarter
   • Get a ₹5,000 flight ticket upon spending ₹7.5 lakh
   • Earn 4 reward points for every ₹150 spent, with 5X points on select purchases

6. SBI Card PRIME

   • Get a ₹3,000 gift voucher when you make purchases at Bata, Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop, and Yatra.com
   • Earn 10X reward points for every ₹100 spent on dining, groceries, department stores, and movies
   • Receive a ₹1,000 Pizza Hut e-voucher when you spend ₹50,000 in a calendar quarter

7. Indusind Platinum Aura Credit Card

   • Enjoy the freedom to customise your own rewards program
   • Earn up to 4 Saving Points for every ₹100 spent
   • Redeem exciting vouchers from Vero Moda, BATA, and EazyDiner

8. Yes Bank Finbooster Credit Card

   • Provides ₹1.5 lakh insurance coverage in case of accidental death of the primary cardholder
   • Enjoy a 1.00% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at fuel stations across India
   • Get a 15% discount when dining at selected restaurants using the Yes Bank Finbooster Credit Card
   • Earn 5X reward points on every ₹200 spent on online dining
   • Receive 3X reward points on every ₹200 spent on online grocery or apparel purchases
   • Earn 2 reward points for every ₹200 spent on other retail purchases
   • The card also offers features like contactless transactions and instant EMI options

9. Amazon Pay ICICI Bank Credit Card

   • No joining or annual fee
   • No limit or expiry date on rewards earned with this card
   • Use reward points to purchase from over 10 crore products on Amazon and at more than 100 merchant partners
   • Enjoy 5% cashback on transactions at Amazon for Amazon Prime members*
   • Earn 3% cashback on transactions at Amazon for non-Prime customers*
   • Get 2% cashback when using this card for transactions at over 100 Amazon Pay merchant partners
   • Receive 1% cashback on all other payments

10. American Express SmartEarn™ Credit Card

    • Receive a ₹500 welcome cashback for spending ₹10,000 within the first 90 days of membership
    • Earn 5X rewards on transactions with Swiggy, BookMyShow, Myntra, Paytm, and other participating merchants
    • Get 10X rewards on transactions with Uber, Amazon, Flipkart, and more
    • Earn ₹500 vouchers for reaching spending milestones of ₹1.20 lakh, ₹1.80 lakh, and ₹2.40 lakh
    • Enjoy a waiver of the annual membership fee by spending ₹40,000 or more within the calendar year

11. BOB Select Credit Card

    • Earn 5X rewards for every ₹100 spent
    • Benefit from a 1% fuel surcharge waiver
    • Available with up to 3 add-on cards

12. HSBC Platinum Credit Card

    • Convert air miles with InterMiles, British Airways, and Singapore Airlines
    • Save up to ₹3,000 annually on fuel surcharges
    • Earn 5X reward points after spending ₹4 lakh
    • Accumulate up to 15,000 additional reward points during the anniversary year
    • Receive a ₹500 voucher as a welcome benefit for transactions of ₹5,000 or more made within 30 days of card issuance
    • Enjoy benefits such as emergency card replacement, zero liability on lost cards, insurance coverage, and more
    • Get a 15% discount on Lifestyle, Electronics, and Luxury categories when shopping on TataCLiQ using this card
    • Benefit from up to ₹250 off on movie tickets purchased from BookMyShow on Saturdays with a buy-one-get-one-free offer

13. Tata Neu Infinity HDFC Bank

    • Earn 2% back in NeuCoins on purchases made with Tata Neu and affiliated Tata brands—view the full list of qualifying brands
    • Receive a 1% reward in NeuCoins for purchases outside Tata brands and for Merchant EMI transactions
    • Get an additional 5% in NeuCoins by downloading the Tata Neu App and registering for Tata NeuPass, applicable to specific categories on the Tata Neu App/Website

14. HDFC MoneyBack+ Credit Card

    • Earn 500 CashPoints upon payment of the joining fee
    • Receive 500 CashPoints upon payment of the renewal fee
    • Get a ₹500 gift voucher for quarterly spending of ₹50,000 or more
    • Enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, up to ₹250 per statement cycle
    • Benefit from up to 20% off at partner restaurants through Swiggy Dineout
    • Zero liability for lost cards, covering loss and fraud—report immediately to 24×7 HDFC Bank Credit Card customer care
    • Convert large purchases into easy EMIs with the EMI Conversion option
    • Make contactless payments up to ₹5,000 per transaction without entering your Credit Card PIN

15. Standard Chartered Rewards Credit Card

    • No joining fee is required
    • Earn 4X reward points on all retail purchases (for every ₹150 spent)
    • Get an additional 4X reward points for monthly retail spending of ₹20,000 or more
    • Receive 1 reward point per ₹150 spent on insurance and government categories
    • Enjoy complimentary lounge access
    • Membership fee waived if annual spending exceeds ₹3 lakh

Types of Reward Credit Cards

1. Cashback Cards

   These cards provide cash rewards for every purchase, usually giving back 1-2% of the total spent. Certain cards may boost these rewards for specific categories, like fuel, groceries, or dining out, offering even more cashback for those types of expenses.

2. Points Cards

   These cards earn you points for every purchase, which can be exchanged for a range of rewards like travel, merchandise, or gift cards. Some cards also provide extra points for spending in particular categories or at selected retailers.

3. Miles Cards

   Miles cards provide rewards such as miles or travel points, which you can use for flights, hotel accommodations, and other travel expenses. Additionally, some cards grant extra miles for purchases in specific categories, like airfare or hotel bookings.

4. Co-Branded Cards

   These cards are designed through collaborations with particular retailers, airlines, or hotel chains, providing perks and rewards tailored to that brand. Holders of co-branded cards can enjoy benefits like complimentary hotel accommodations, airline miles, or special discounts on purchases with the associated brand.

5. Flexible Reward Cards

   These cards provide the highest level of flexibility for rewards, enabling cardholders to use their points or miles for a wide range of options, including travel, merchandise, or statement credits.

It’s important to consider your spending habits when getting a credit card for rewards and cashback. Further, it’s also essential to check whether the credit card has any joining or annual fees so you can manage your financial plan accordingly.

If you want to stay clear from joining and annual fees on credit cards, consider switching to Jupiter’s Edge CSB Bank RuPay Credit Card. This 3-in-1 credit card is perfect for collecting reward points for dining, shopping, and travelling.

Benefits of Rewards Credit Cards

Rewards on credit cards vary, giving you different benefits. Below are some common benefits of rewards credit cards:

1. Rewards on Every Transaction

   You can accumulate reward points on nearly all transactions with your credit card. However, certain transactions, including purchases of gold, fuel, cash advances, and various fees, typically do not qualify for reward points. You must meet a minimum spending threshold for each transaction to earn these points. Once your points reach a specific limit, you can exchange them for rewards and other items available in the bank’s rewards catalogue.

2. Accelerated Rewards

   You can earn reward points not just by meeting minimum spending requirements but also through accelerated points on specific spending categories. These accelerated rewards vary depending on the credit card type and its benefits. For co-branded credit cards, additional reward points are typically offered for purchases related to the partner’s products or services.

3. Milestone Rewards

   When you hit specific milestones related to your credit card transactions or spending, the bank rewards you with a bundle of bonus points. By reaching these targets, cardholders can accumulate a substantial number of reward points.

4. Other Exciting Rewards

   Once you’ve accumulated a specific number of reward points, you can redeem them for a range of products featured in the bank’s rewards catalogue. These catalogues typically include items like electronics, home appliances, and clothing. Additionally, some credit cards offer the option to convert reward points into cash, which can be used to offset your card balance.

What is the Eligibility Criteria for Rewards Credit Cards?

The criteria for qualifying for a rewards credit card can differ but typically include requirements such as being at least 18 or 21 years old, having a stable income, maintaining a good credit score, and demonstrating responsible credit behaviour. Additionally, some cards might have specific job-related requirements, so it’s wise to review these details before submitting your application.

How Do Rewards Credit Cards Work?

Rewards credit cards provide benefits like points or cash back for every purchase you make. These rewards can be redeemed for various perks, including travel, products, or statement credits. However, be mindful that these cards can have associated fees and restrictions. Using them responsibly is essential to avoid accruing interest charges.

How to Get a Rewards Credit Card?

Once you’ve weighed all your options and picked the ideal rewards credit card, applying for it is straightforward and swift, thanks to modern online conveniences.

Here’s a simple guide to applying for a rewards credit card online:

• Review Card Options: Thoroughly examine the details of each card you’re considering, including any additional features and associated fees.
• Compare Offers: Gather a few promising options and compare them carefully. Assess the rewards, fees, and benefits of each before finalising your choice.
• Complete the Application Form: Accurately fill out the form with your personal, professional, and financial details.
• Prepare Your Documents: Have your identification and proof of income ready. These documents are essential for the issuer to evaluate your application and creditworthiness.
• Wait for Video KYC: Many issuers now use video Know Your Customer (KYC) procedures to verify your identity and eligibility.

Want a credit card that fits all your needs?

Get Edge CSB Bank RuPay Credit Card on Jupiter

Apply Now!

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