10 Best Credit Card in India for September 2024

Credit cards have become essential for cashless transactions, providing convenience, rewards, and financial flexibility. With many options available, selecting the right credit card can be challenging. Each card offers unique benefits suited to different spending habits, lifestyles, and financial goals.

From attractive cashback offers and reward points to premium lifestyle benefits and travel perks, the top credit cards in India are designed to meet a variety of needs. Jupiter Money has analysed the different card options available in India, and here is a list of the best credit cards based on our research.

10 Best Credit Card in India for September 2024

Features & Benefits of Top 10 Credit Cards in India

1. Jupiter Edge CSB Bank Credit Card

   The Jupiter Edge CSB Bank Credit Card is a revolutionary financial product designed to cater to the modern Indian consumer. This isn’t just another credit card; it’s a lifestyle upgrade. It’s a RuPay card, which means you can seamlessly integrate it into your digital payments using UPI, offering unparalleled convenience and flexibility.

   This card is perfect for individuals who value rewards, flexibility, and a hassle-free banking experience. Whether you’re a frequent traveller, a shopaholic, or a foodie, the Edge card has something to offer you.

   Benefits and Features

   • RuPay Credit Card: Unlike traditional credit cards, the Jupiter Edge card is a RuPay card. This means you can seamlessly use it for UPI payments, offering the best of both worlds: the convenience of UPI and the rewards of a credit card.
   • Flexible Spending Categories: Enjoy the freedom to choose your preferred spending category from Shopping, Travel, or Dining and earn a flat 2% cashback on all spends within that category.
   • All-Round Rewards: While you’ll earn 2% cashback on your chosen category, you’re not limited. The card offers a generous 0.4% cashback on all other spends, ensuring you’re rewarded for every rupee you spend.
   • Welcome Bonus: Get rewarded right from the start with a welcome voucher worth ₹250 from your favourite brand.
   • Zero Fees: Say goodbye to joining fees, annual fees, and even fees for issuing the card. It’s completely free for life!
   • User-Friendly Interface: The card is managed through the Jupiter app, known for its sleek design and intuitive navigation.
   • High Credit Limit: Enjoy a high credit limit, providing you with the financial flexibility you need.
   • Assured Cashback: Benefit from assured cashback on all UPI and credit card spends, maximising your savings.
   

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2. HDFC Regalia Gold Credit Card
   

   The HDFC Regalia Gold Credit Card is a premium option tailored for those who enjoy luxury and travel. It is aimed at high-spending individuals seeking exclusive benefits and rewards. To qualify, you generally need a solid credit history and a high annual income. Typically, the card requires a minimum monthly income of Rs. 1,00,000 for salaried individuals, with a higher income requirement for self-employed applicants. Here’s a breakdown of its main features and potential advantages:

   Rewards & Benefits:

   • Welcome Offer: Get a complimentary Club Vistara Silver Tier and MMT Black Elite Membership by spending Rs. 1 lakh within 3 months of card issuance (worth Rs. 2,500).
   • Reward Points: Earn 4 points for every Rs. 150 spent on retail purchases. Plus, earn 5 times the points at select stores like Marks & Spencer, Nykaa, Reliance Digital, and Myntra.
   • Milestone Spender Vouchers: Receive vouchers worth Rs. 1,500 from Myntra, Marriott, Marks & Spencer, or Reliance Digital every quarter when you spend Rs. 1.5 lakh.
   • Annual Spender Flight Vouchers: Earn flight vouchers worth Rs. 5,000 on reaching an annual spending of Rs. 5 lakh. Get an additional Rs. 5,000 voucher if you spend Rs. 7.5 lakh in a year.
   • Renewal Fee Waiver: Spend Rs. 4 lakh in a year to avoid the renewal fee for the next year.

   Additional Features:

   • Free Lounge Access: Enjoy complimentary access to airport lounges in India (both domestic and international) up to 12 times a year.
   • Priority Pass: Get up to 6 complimentary lounge visits outside India each year with Priority Pass (requires a minimum of 4 retail transactions).
   • Contactless Payment: Make quick and secure payments at contactless-enabled terminals.
   • Insurance Coverage: Includes accidental air death insurance (Rs. 1 crore), emergency medical care abroad (up to Rs. 15 lakh), and credit liability coverage (up to Rs. 9 lakh).
   • Zero Liability on Lost Cards: Be protected against unauthorised charges if you report a lost card immediately.

3. SBI Simply Save Credit Card

   The SimplySAVE SBI Credit Card offers great value with its mix of affordability and rewards. You can earn 2,000 bonus Reward Points by spending Rs.2,000 within the first 60 days. The card provides 10x Reward Points on selected categories, a 1% fuel surcharge waiver, and an opportunity to have the annual fee waived based on your spending. It’s accepted worldwide, features contactless payments, and offers a range of useful benefits for a smooth financial experience.

   Benefits and Features:

   • Welcome Bonus: Get 2,000 bonus reward points by spending Rs.2,000 within 60 days of getting the card.
   • Rewards Program: Earn 10 reward points for every Rs. 150 spent on dining, movies, department stores, and groceries. Earn 1 point for every Rs. 150 spent on other categories.
   • Fuel Savings: Avoid the 1% fuel surcharge on transactions between Rs.500 and Rs.3,000 at any gas station.
   • Potential Annual Fee Waiver:Spend Rs. 1 lakh or more in a year and you may not have to pay the annual fee the next year.
   • Reward Point Flexibility: Use your points to pay your bill or choose from a variety of gifts.

   Other Benefits:

   • Rs.100 cashback on your first ATM withdrawal within 30 days of getting the card (subject to conditions).
   • Contactless payment for quick and easy everyday purchases.
   • Accepted at millions of locations worldwide.
   • Get add-on cards for family members over 18 (fees may apply).
   • Withdraw cash from ATMs around the world.
   • Pay bills conveniently through the Easy Bill Pay service.
   • Transfer balances from other credit cards at a potentially lower interest rate and pay them back in instalments.
   • Convert purchases of Rs.2,500 or more into monthly payments with Flexipay (subject to conditions).

4. IDFC First Millennia Credit Card

   The IDFC First Millennia Credit Card is designed to fit the modern millennial lifestyle, offering a lifetime free membership and a range of exceptional features. With this card, you can earn up to 10X Reward Points, enjoy low interest rates, and get exclusive discounts from various merchants. Beyond its financial benefits, this card is also a style statement that reflects your individuality. To qualify, you need an annual income of Rs.3 lakhs or more, and issuance depends on the bank’s evaluation criteria.

   Benefits and Features:

   • Welcome Offer: Receive a Rs.500 welcome voucher when you spend Rs.5,000 or more within 30 days of getting the card. For cards issued before 9 October 2023, the voucher is available for spending Rs.15,000 or more within 90 days.
   • Reward Points: Accumulate 10X Reward Points on spending over Rs.20,000 per month and on your birthday. For purchases up to Rs.20,000 per month, earn 6X points for online spending and 3X points for offline spending. Reward Points don’t expire and can be used for instant payments at various stores. Note: Each redemption incurs a small fee of Rs.99 (+ taxes).
   • Flexible EMIs: Convert transactions over Rs.2,500 into easy EMIs through the mobile app. Online transactions above Rs.2,500 can also be converted to EMIs instantly on the bank’s OTP page.
   • Balance Transfer: Transfer balances from other credit cards easily and enjoy a 25% discount on movie tickets (up to Rs.100) on the Paytm app once a month.
   • Lounge Access and Assistance: Benefit from 4 free Railway lounge visits every quarter and complimentary Roadside Assistance valued at Rs.1,399.
   • Fuel Savings: Get a 1% waiver on fuel surcharges at all stations across India, up to Rs.200 per month, for transactions between Rs.200 and Rs.5000.
   • Merchant Discounts: Enjoy up to 20% off at over 1500 restaurants and up to 15% off at over 3000 Health & Wellness outlets.
   • Insurance Coverage: Receive Personal Accident Cover of Rs.2,00,000 and Lost Card Liability Cover of Rs.25,000 (available if you make at least one transaction on the card in the last 30 days).
   • Cashback: Get 5% cashback (up to Rs.1000) on the first EMI transaction made within 30 days of card issuance.

5. AU Bank LIT Credit Card

   The AU Bank LIT Credit Card stands out for its unique feature: customisation. Subscribers can choose from five different service options, or “baskets.” For instance, if you travel frequently, you can select lounge access benefits and only pay for that feature. During the festival season, you can opt for cashback offers for your festival shopping.

   Each basket of features is valid for 90 days, with a cost ranging from INR 49 to INR 499 per cycle. You can subscribe to and pay only for the features you need, with the flexibility to add or remove them as you wish. If you don’t choose any additional benefits, you will have the basic version of the LIT card, which has no annual fees.

   Benefits and Features:

   • Customisable Benefits: Choose from options like accelerated reward points, cashback, and complimentary subscriptions to streaming services or fitness platforms.
   • Milestone Cashback: Earn additional cashback on reaching specific spending milestones.
   • Reward Points: Accumulate reward points on every spend and redeem them for exciting rewards.
   • Fuel Surcharge Waiver: Enjoy savings on fuel purchases.
   • Airport Lounge Access: Experience the comfort of airport lounges with complimentary access.
   • Lifetime Free Card: No annual fees, making it a cost-effective option.
   • Contactless Payments: Enjoy quick and secure transactions with tap-and-go technology.
   • Online Security: Robust fraud protection measures to safeguard your transactions.

6. Axis Bank ACE Credit Card

   The Axis Bank ACE Credit Card offers a range of benefits and features designed to enhance your financial experience. With this card, you can earn cashback on bill payments, recharges, and other daily spends. It also provides access to airport lounges, fuel surcharge waivers, and dining discounts. Plus, you can convert purchases into easy monthly payments. With no joining or annual fees, it’s a great option for those looking for a versatile credit card.

   Benefits and Features:

   • Cashback: Receive 5% cashback on bill payments and recharges, including utilities, when using Google Pay.
   • Airport Lounge Access: njoy up to 4 free lounge visits each year at select domestic airports.
   • Fuel Waiver: Benefit from a 1% waiver on fuel surcharges at all fuel stations across India.
   • Dining Discounts: Get up to 15% off at over 4,000 partner restaurants throughout India.
   • Payment Flexibility: Convert purchases of Rs. 2,500 or more into convenient monthly instalments.

7. SBI Cashback Credit Card

   The SBI Cashback Card offers valuable benefits with a 5% cashback on online purchases and 1% cashback on offline spending. You can avoid the renewal fee by spending Rs. 2 lakh annually, making it economical for regular users. The card also provides a 1% fuel surcharge waiver at petrol stations across India, helping you save on fuel. It’s globally accepted and features contactless technology for secure and convenient transactions. Additional benefits include add-on cards for family members, EMI balance transfers, utility bill payments, and cash withdrawals.

   Benefits and Features:

   • 5% Cashback: Earn 5% cashback on online transactions with no merchant restrictions, plus 1% cashback on offline purchases. Note that cashback does not apply to Merchant EMI, Flexipay EMI, or specific categories like Utility, Insurance, Fuel, Rent, Wallet, School & Educational Services, Jewellery, Railways, etc.
   • Automatic Cashback Credit: Cashback is credited to your SBI Card account within two days of your next statement.
   • Renewal Fee Waiver: The renewal fee is waived if you spend over Rs. 2 lakhs annually.
   • Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel surcharges at petrol pumps in India for transactions between Rs. 500 and Rs. 3,000 (excluding GST and other charges).
   • Contactless Payments: Make fast, secure transactions by tapping your card at contactless readers.
   • Global Acceptance: Use your card at over 24 million outlets worldwide, including 325,000 outlets in India.
   • Add-On Cards: Flexibility to avail additional cards for family members (parents, spouses, children, or siblings over 18).
   • Cash Withdrawals: Access cash from over 1 million VISA ATMs globally.
   • Utility Bill Payments: Pay electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility.
   • Balance Transfers: Transfer balances from other credit cards to your SBI Cashback Card to benefit from lower interest rates and pay back in EMIs.

8. Amazon Pay ICICI Credit Card

   The Amazon Pay ICICI Credit Card is a co-branded credit card designed to offer maximum benefits to online shoppers, especially those who are frequent Amazon customers. It’s a no-frills card, focusing on providing cashback rewards on every purchase.

   The eligibility criteria for this card are similar to other credit cards. Generally, you would need to be a resident Indian citizen with a good credit score and a steady income. Specific eligibility requirements can vary based on the bank’s internal policies.

   Benefits and Features

   • Welcome Benefits: Enjoy a 3-month Amazon Prime membership at no extra cost. Plus, get a free 1-month EasyDiner Prime membership as well.
   • No Joining Fee or Annual Fee: One of the biggest attractions of this card is that it comes with no joining or annual fees, making it a cost-effective option.
   • Cashback Rewards: The primary benefit of the card is the cashback rewards. You can earn up to 5% cashback on your Amazon spending while getting 1% cashback on your offline transactions.
   • No Cap on Rewards: Unlike many other credit cards, there’s no limit to the amount of cashback you can earn.
   • No Expiry on Rewards: Your earned cashback doesn’t expire, giving you ample time to redeem it.
   • Easy Redemption: Cashback is directly credited to your Amazon Pay wallet, making it convenient to use.
   • Fuel Surcharge Waiver: You can enjoy a waiver on fuel surcharges, saving you money on your fuel expenses.
   • EMI Options: The card often offers EMI options on both online and offline purchases, providing flexibility in managing your expenses.
   • Contactless Payments: It supports contactless payments for quick and secure transactions.

9. Flipkart Axis Bank Credit Card

   The Axis Bank Flipkart Credit Card provides valuable welcome benefits, effectively covering the joining fee. It offers 5% cashback on purchases made at Flipkart and unlimited 4% cashback at Preferred Merchants. This card is ideal for those who shop more frequently on Flipkart rather than Amazon. The cashback earned is directly credited to your credit card statement, which is a standout feature of this card.

   Benefits and Features

   • Welcome Benefit: To sweeten the deal, the Flipkart Axis Bank Credit Card offers a welcome benefit of Rs. 600. You’ll receive a Flipkart voucher worth Rs. 500 on completing your first transaction, and a 50% discount (up to Rs. 100) on your first Swiggy order.
   • Unlimited Cashback: Earn 5% cashback on all Flipkart purchases, 4% cashback on preferred merchants (like Swiggy, Uber, PVR, Curefit, and Cleartrip), and 1% cashback on all other spends.
   • Airport Lounge Access: Enjoy four complimentary domestic lounge visits per year after spending Rs. 50,000 in the previous three months.
   • Fuel Surcharge Waiver: Save on fuel expenses with a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5000, up to a maximum of Rs. 400 per month.
   • Dining Discounts: Get exclusive discounts at select restaurants through EazyDiner.
   • EMI Conversion: Flexibility to convert your purchases into easy EMIs.
   • Contactless Payments: Enjoy the convenience of tap-and-go transactions.
   • Online Security: Benefit from robust security features to protect your transactions.

10. YES Bank Freo Credit Card

    The Yes Bank Freo Credit Card is a relatively new entrant in the Indian credit card market, designed to cater to the needs of the modern, digitally-savvy consumer. This card is particularly appealing to individuals who prioritise cashback rewards, enjoy online shopping and value convenience. Take a look at its features to see if it’s the right fit for you.

    Benefits and Features

    • Cashback Rewards: Earn a flat 1% cashback on all your spends, making it a rewarding card for everyday purchases.
    • Fuel Surcharge Waiver: Enjoy savings at the pump with a complete waiver of fuel surcharges.
    • Online Shopping Rewards: Get extra cashback on online purchases, making it a great card for online shopaholics.
    • Zero Joining Fee: There’s no need to worry about upfront costs when you apply for this card.
    • RuPay Variant: The card is available in both Visa and RuPay variants, giving you the flexibility to use it for UPI payments as well.
    • Easy EMI Conversion: Convert your purchases into easy EMIs for flexible repayment options.
    • Reward Points: Earn reward points on eligible spends and redeem them for exciting rewards.

Factors to Consider when Choosing Credit Cards in India

Selecting the perfect credit card can be overwhelming given the numerous options available in India. To make an informed decision, carefully evaluate the following factors:

1. Credit Score: Your creditworthiness plays an important role in determining your eligibility for a credit card and the credit limit you can secure. A higher credit score often translates to better approval chances and more favourable terms.
2. Interest Rates: Credit cards typically charge interest on outstanding balances. Carefully compare interest rates across different cards to avoid unexpected costs. Opting for a card with a lower interest rate can save you money in the long run.
3. Fees: Many credit cards come with associated fees, such as annual fees, joining fees, and late payment charges. Understanding the fee structure is essential to prevent hidden costs. Consider cards with minimal or no annual fees if you prioritise cost-effectiveness.
4. Rewards and Benefits: Credit cards often provide rewards programs, offering perks like cashback, airline miles, or points redeemable for merchandise. Consider your spending habits to select a card that aligns with your lifestyle and maximises rewards. Other benefits to look for include purchase protection, travel insurance, and concierge services.

How to Select the Perfect Credit Card?

1. Assess Your Requirements

Before applying for a credit card, determine how you plan to use it. Credit cards generally fall into two categories: rewards cards and cashback cards. There are also cards designed for specific categories such as travel, shopping, entertainment, and dining. Identify your needs to choose the card that best suits your requirements.

2. Compare Your Options

Once you’ve narrowed down your options, research and compare different credit cards to find one that meets your needs. Look at factors like interest rates, rewards programs, bonus categories, and annual fees. You might find a card that offers similar or better benefits at a lower cost. Comparing credit cards helps you find the best option for you.

3. Understand the Fees & Charges

Review all fees and charges before applying for a credit card. Decide if you’re comfortable with an annual fee or if you prefer a no-fee card. Besides the annual fee, check for other charges like finance charges, cash advance fees, forex markup fees, and over-limit charges. High interest rates can accumulate quickly if you don’t pay your bill in full and on time, so always aim to pay off your balance to avoid extra costs.

Want a credit card that fits all your needs?

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Frequently Asked Questions (FAQs)