Reward Credit Cards


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

  • Travel Rewards Credit Cards
  • Dining/Shopping Rewards Credit Cards
  • Entertainment Rewards Credit Card

For your convenience we have come up with the list of best reward credit cards:

Best Rewards Credit Cards

1. The American Express Membership Rewards® Credit Card (AMEX MRCC)

The American Express Membership Rewards® Credit Card is a popular credit card in India known for its rewards program and exclusive benefits. 

Annual Fee: First Year fee: Rs. 1,000 plus applicable taxes

Second Year onwards: Rs. 4,500 plus applicable taxes

Here are some key features of the MRCC:

Membership Rewards Points: Earn 1 point per INR 50 spent, with bonus points for specific categories and milestones.

Welcome Rewards: Get 4,000 Membership Rewards Points upon paying the joining fee and spending Rs. 15,000 within the first 90 days of card membership.

EMI Benefit: Convert your transactions into EMIs. Get the ease of paying back your transactions.

Dining Offers: Discounts and offers at partner restaurants.

2. 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

3. 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

  • 1 reward point for every Rs.100 spent on any category
  • 3X reward points on online, telecom and dining spend.
  • Voucher worth Rs.2,000 from ClearTrip and voucher worth Rs.250 from Amazon within 30 days of the issuance of the card.
  • On doing 5 transactions with a minimum total value of Rs.5,000 within 60 days of issuance of the card, you get 10% cashback.

4. HDFC Freedom 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

  • 500 reward points when the joining fee is paid.
  • 1 reward point for every Rs.150 spent
  • Accelerated reward points on retail, HDFC Smartbuy, Payzapp, and birthday spends.
  • Gift vouchers worth Rs.1,000 on yearly spends of at least Rs.90,000.

Redemptions: Cashback and gifts from HDFC rewards catalogue

5. 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

  • Earn 6 Reward Points per INR 200 on grocery stores & supermarkets.
  • 4 Reward Points per INR 200 on other categories
  • Complimentary 500 reward points on each YES PayNow registration
  • The value of 1 reward point will be INR 0.25 on redemption
  • Reward Points redeemable against gift catalogue
  • Redemption of Reward Points against air miles where 10 reward points will be equal to 1 InterMile / 1 Club Vistara Point
  • Never expire reward points

6. 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

  • Earn up to 4X rewards points on select merchant categories*
  • Priority Pass Membership for Primary and Add-on card holder
  • 1 complimentary visit in participating international lounge within India & Abroad per quarter*
  • 4 savings points at departmental stores (1 savings point equals Re. 0.50)
  • 2 savings points for purchasing consumer durables or electronic item
  • Personal air accident cover of up to Rs. 25 Lakh
  • Complimentary EazyDiner gift voucher as welcome benefit

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!