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15 Best Rewards Credit Cards in India 2024
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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.
15 Best Rewards Credit Cards in India 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:
| Best Credit Card for Rewards | Joining Fee | Annual Fee | Reward Type |
| Jupiter Edge RuPay Credit Card | NIL | NIL | Cashback |
| RBL Bank Savemax Credit Card | NIL | NIL | Reward Points |
| Axis Bank Neo Credit Card | NIL | NIL | Reward Points & Discounts |
| IDFC FIRST Bank Select | NIL | NIL | Reward Points |
| HDFC Regalia Gold Credit Card | 2500 | 2500 | Reward Points |
| SBI Card PRIME | 2999 + Taxes | 2999 + Taxes | Reward Points |
| Indusind Platinum Aura Credit Card | 500 | NIL | Reward Points |
| Yes Bank Finbooster Credit Card | NIL | NIL | Reward Points |
| Amazon Pay ICICI Bank Credit Card | NIL | NIL | Cashback |
| American Express SmartEarn™ Credit Card | 495 | 495 | Reward Points |
| BOB Select Credit Card | NIL | NIL | Reward Points |
| HSBC Platinum Credit Card | NIL | NIL | Reward Points |
| Tata Neu Infinity HDFC Bank | 1499 | 1499 | Reward Points |
| HDFC MoneyBack+ Credit Card | 500 | 500 | Cashback |
| Standard Chartered Rewards Credit Card | NIL | 1000 + GST | Reward Points |
Below is a list of the Top features and benefits of the credit card with the best rewards:
1. Jupiter Edge RuPay Credit Card
Joining Fees
NIL
Annual Fee
NIL
Reward Type
Cashback
CashBack and Rewards
- 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
2. RBL Bank Savemax Credit Card
Joining Fees
NIL
Annual Fee
NIL
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
NIL
Annual Fee
NIL
Reward Type
Reward Points & Discounts
CashBack and Rewards
- 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
Joining Fees
NIL
Annual Fee
NIL
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
2500
Annual Fee
2500
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
2999 + Taxes
Annual Fee
2999 + Taxes
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
500
Annual Fee
NIL
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
NIL
Annual Fee
NIL
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
NIL
Annual Fee
NIL
Reward Type
Cashback
CashBack and Rewards
- 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
Joining Fees
495
Annual Fee
495
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
NIL
Annual Fee
NIL
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
NIL
Annual Fee
NIL
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
1499
Annual Fee
1499
Reward Type
Reward Points
CashBack and Rewards
- 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
Joining Fees
500
Annual Fee
500
Reward Type
Cashback
CashBack and Rewards
- 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
Joining Fees
NIL
Annual Fee
1000 + GST
Reward Type
Reward Points
CashBack and Rewards
- 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
Want a credit card with multiple benefits packed into one?
Get Edge CSB Bank RuPay Credit Card on Jupiter
Types of Reward Credit Cards
-
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.
-
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.
-
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.
-
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.
-
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:
-
A
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.
-
B
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.
-
C
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.
-
D
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
Frequently Asked Questions (FAQs)
How can I determine which reward credit card is the best for me?
To start, you need to figure out why you want a credit card. Each card is tailored to offer specific rewards, so identifying your goal will help you choose the right one.
What factors should I consider when choosing a reward credit card?
When selecting a reward credit card, it’s crucial to evaluate aspects like the rewards program, annual fees, interest rates, and your spending habits.
Do credit card rewards expire?
Although some credit card rewards don’t expire, most issuers set a limit on their validity, typically up to a few years.
Are credit card rewards taxable?
No, reward credit cards are not taxable.
Is it possible to cash out credit card points?
Absolutely, yes, you can! Some credit card companies allow you to exchange your reward points for cash.
Looking for a Specific Credit Card?
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Best
Credit Cards -
Fuel
Credit Cards -
Premium
Credit Card -
Business
Credit Card -
Students
Credit Cards -
Online Shopping Credit Cards
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Airport Lounge Credit Cards
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Book Flights Credit Cards
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International Travel Credit Card
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Movie Tickets Credit Cards
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Rewards
Credit Cards -
Lifetime Free Credit Card
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Utility Bill Payment Credit Card
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Insurance Payment Credit Card
Authors
Priyanka Rao
Priyanka Rao is a content strategist for Jupiter.Money, and specializes in writing on topics related to finance, banking, budgeting, salary & wages, and other financial matters. She has a passion for creating engaging content that resonates with audiences across various digital platforms. In her free time, Priyanka enjoys traveling and reading, which allows her to gain new perspectives and inspiration for her work. With a keen eye for detail and a creative mindset, Priyanka is committed to creating content that connects well with her readers, enhancing their digital experiences.
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