The Rewards Credit Cards is offering more than a line of credit. When you use a credit card, you will earn something in return be it points, cashback, or air miles. In the same way, you are earning a reward at a set rate on each purchase. Some of the cards are offering high rewards rates on specific types of purchases, like groceries, or dining, and some offer low-rate. There are a lot of things to consider at the time of choosing a reward credit card. But it’s easiest if you first ask yourself two questions. What types of expenses make up the largest parts of your budget? Second, what kind of rewards would you like to earn?
Main types of Reward Credit Cards in India
Types of Rewards Credit Cards in India
For your convenience we have come up with the list of best reward credit cards:
Best Rewards Credit Cards
1. Citi Bank Reward Credit Cards
The Citibank reward credit card is designed especially for frequent shoppers. Users can earn bonus points or redeem them against any of the gift items or vouchers from the Citibank Rewards catalog.
Annual Fee- Rs 1000( Waived off for spending Rs 30,000 in the preceding year
Features of Citi Bank Reward Credit Cards
Welcome Benefits – Get up 2500 reward points on swiping card within 60 days of card issuance
Reward Points – Users earn 1 reward point for every Rs. 125 spent. 10x points are earned on apparel and departmental store spends. Also, 300 bonus points are earned on spending ₹ 30,000 or more in a month. Lastly, reward points earned never expire
Dining Offers – Users get up to 20% discount on dining bill at partner restaurants
Cashback – Users can also use their reward points to pay their credit card bills. 1 Reward Point = Re. 0.35. However, users must accumulate 5,000 points before they can redeem it
2. HSBC Smart Value Credit Card
With an HSBC Smart Value Credit card, you can save your hard-earned money by availing yourself of the 10% cashback that this card offers. The 3X accelerated rewards points and the special BookMyShow and ClearTrip are the main attractions of this card.
Joining Fee: NIL
Renewal Fee: Rs.499 (Waived off if the sum of all the spends in the previous year is Rs.50,000 or more)
Features of HSBC Smart Value Credit Card
Apply for HDFC Freedom Credit Card and enjoy unmatched reward points and gift vouchers with the HDFC Freedom Credit Card. You also get free accidental death insurance, fire, and burglary protection, etc.
Joining Fee: Rs 500
Annual Fee: Rs 500( Waived off on total spending of Rs 60,000 in the previous year)
Rewarding benefits HDFC Freedom Credit Card
Redemptions: Cashback and gifts from HDFC rewards catalogue
4. YES Prosperity Rewards Plus Credit Card
The Yes Prosperity Rewards Plus Credit Card is a value-for-money card that is offering individuals an opportunity to earn rewards each time they use it. It comes with a simple application process, zero documentation, and a host of reward options make this a card suited for someone who likes being rewarded each step of the way.
First-Year Membership Fees-₹499+GST
Renewal Membership Fees-₹499+GST
Main features of YES Prosperity Rewards Credit Card
5. IndusInd Platinum Aura Edge Credit Card
IndusInd Platinum Aura Edge Credit Card is a shopping plus rewarding credit card where one is earning for all their shopping expenses. It includes departmental store spends, consumer durable spends and more.
Annual Fee- Nil
Rewarding Type: Best suited for Rewards and Travel
Main features of IndusInd Platinum Aura Edge Credit Card
Swiping reward credit cards on popular categories like online shopping, merchant store shopping, travel and holidays, dining, etc., you earn reward points in bulk.
Make your life rewarding, apply for reward credit cards!