Best Credit Cards in India 2020

An overwhelming number of credit cards offer cashback, points, miles, welcome gifts and other rewards. To help you pick which one is the most valuable for you, we analysed and compared hundreds of credit cards to select the best offerings in India.

Best Cashback Cards:
Best Travel Cards:
Best No-Fee Cards:
Best Secured Cards:
Best Fuel Cards:
Best Grocery Cards:
Best Shopping Cards:
Best Online Shopping:
  • Snapdeal HDFC: 11.67% on Snapdeal, 6.67% on travel, Amazon & Flipkart

Best Cashback Cards

Cashback credit cards are great because one doesn't have to worry about how he or she has to redeem rewards – it's simply cash back on purchases. Below are our top picks for this versatile reward option.

Best General Cashback Card: IndusInd Iconia American Express Card

  • 1.5% cashback on all weekday spend and 2% back on weekends
  • Promotions:
  • Read Our Review
  • Join Fee: Rs 3,500
  • Reward Earn Rate: 1.5 points per Rs. 100 domestic/international weekday spend; 2 points on weekends (excludes fuel)
  • Point Value: 1 point = Rs. 1
  • Perks: 2 free visits/quarter to Amex airport lounge (14 lounges across 7 cities, domestic/international terminals); Rs. 100,000 lost bag insurance, delayed bag, lost passport, lost ticket and missed connection insurances; 20% off hotel rooms, food & beverage across 40 Lemon Tree properties; free golf games & lessons
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000
The Indusind Bank Iconia American Express Credit Card is the best general cashback card in India, providing 1.5% cashback on all weekday spend and 2% back on weekends (excluding fuel). The card comes along with nice perks, including 2 quarterly visits to American Express domestic airport lounges, various travel insurances, 20% off Lemon Tree hotel properties and free golf. The card has a Rs. 3,500 joining fee, but this could easily be outweighed by its Jet Airways one-way waiver welcome gift, a substantial portion of the card's value (among other options). Bottom line, get the IndusInd Iconia for a versatile cashback card.
  • 1.5% cashback on all weekday spend and 2% back on weekends
  • Promotions:
  • Read Our Review
  • Join Fee: Rs 3,500
  • Reward Earn Rate: 1.5 points per Rs. 100 domestic/international weekday spend; 2 points on weekends (excludes fuel)
  • Point Value: 1 point = Rs. 1
  • Perks: 2 free visits/quarter to Amex airport lounge (14 lounges across 7 cities, domestic/international terminals); Rs. 100,000 lost bag insurance, delayed bag, lost passport, lost ticket and missed connection insurances; 20% off hotel rooms, food & beverage across 40 Lemon Tree properties; free golf games & lessons
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000
The Indusind Bank Iconia American Express Credit Card is the best general cashback card in India, providing 1.5% cashback on all weekday spend and 2% back on weekends (excluding fuel). The card comes along with nice perks, including 2 quarterly visits to American Express domestic airport lounges, various travel insurances, 20% off Lemon Tree hotel properties and free golf. The card has a Rs. 3,500 joining fee, but this could easily be outweighed by its Jet Airways one-way waiver welcome gift, a substantial portion of the card's value (among other options). Bottom line, get the IndusInd Iconia for a versatile cashback card.

Best Cashback Card for High Spenders & Dining: SC Ultimate Card

  • Up to Rs. 10,000 cashback on MakeMyTrip on tickets booked within 90 days of card issuance
  • Promotions: Sign-Up Bonus: Up to ₹ 10,000 cashback on MakeMyTrip if booked within 90 days of card issuance
  • Renewal benefit: 5,000 points
  • Read Our Review
  • Annual Fee: Rs. 5,000
  • Reward Earn Rate: 5 points per Rs. 150 spent on all transactions; 5% cashback duty free spend
  • Point Value: 1 point = Rs. 1 cashback
  • Priority Pass membership (USD 27/visit, waived once monthly if last month's spend > Rs. 20,000); Visa Lounge access (4 free visits/quarter, major airports in India)
  • 2 free domestic golf games/month (1 free guest game/month), 1 free golf coaching session/month
  • Air accident cover of Rs. 1 crore, emergency medical, bag delay, loss of bags/personal docs, hijacking and flight delay coverage
The Standard Chartered Ultimate Credit Card is the best cashback option in India for high spenders, earning great value back across all spending categories. First, consumers will get an excellent welcome gift of up to Rs. 10,000 cashback on MakeMyTrip tickets booked within the first 90 days of card ownership. On everyday spend, the card gives best-in-market 3.33% rupee value back with no exclusions (5 points per Rs. 150 spent; 1 point = Rs. 1 cashback). Its high reward rate also happens to make it the best general dining card in the market. The Ultimate has great travel perks too, including 4 lounge visits per quarter (Visa program), and one free Priority Pass visit per month upon reaching Rs. 20,000 in monthly spend. Further, it offers 5% off duty free purchases and a 2% foreign currency transaction fee, one of the lowest in India. In all, get the Ultimate to earn great cashback on all spending categories along with great perks.
  • Up to Rs. 10,000 cashback on MakeMyTrip on tickets booked within 90 days of card issuance
  • Promotions: Sign-Up Bonus: Up to ₹ 10,000 cashback on MakeMyTrip if booked within 90 days of card issuance
  • Renewal benefit: 5,000 points
  • Read Our Review
  • Annual Fee: Rs. 5,000
  • Reward Earn Rate: 5 points per Rs. 150 spent on all transactions; 5% cashback duty free spend
  • Point Value: 1 point = Rs. 1 cashback
  • Priority Pass membership (USD 27/visit, waived once monthly if last month's spend > Rs. 20,000); Visa Lounge access (4 free visits/quarter, major airports in India)
  • 2 free domestic golf games/month (1 free guest game/month), 1 free golf coaching session/month
  • Air accident cover of Rs. 1 crore, emergency medical, bag delay, loss of bags/personal docs, hijacking and flight delay coverage
The Standard Chartered Ultimate Credit Card is the best cashback option in India for high spenders, earning great value back across all spending categories. First, consumers will get an excellent welcome gift of up to Rs. 10,000 cashback on MakeMyTrip tickets booked within the first 90 days of card ownership. On everyday spend, the card gives best-in-market 3.33% rupee value back with no exclusions (5 points per Rs. 150 spent; 1 point = Rs. 1 cashback). Its high reward rate also happens to make it the best general dining card in the market. The Ultimate has great travel perks too, including 4 lounge visits per quarter (Visa program), and one free Priority Pass visit per month upon reaching Rs. 20,000 in monthly spend. Further, it offers 5% off duty free purchases and a 2% foreign currency transaction fee, one of the lowest in India. In all, get the Ultimate to earn great cashback on all spending categories along with great perks.

Best Travel Rewards Credit Cards

Credit cards that offer travel rewards are often the most valuable choices for consumers. Although not as versatile a reward as cashback, people that fly often enough may want to choose a travel card to maximize their return on spending.

Best Cashback Travel Card: Standard Chartered Yatra Platinum Credit Card

  • 10% cashback on travel bookings
  • Promotions: Sign-Up Bonus: Yatra vouchers worth ₹ 4,000
  • Read Our Review
  • Annual Fee: 499
  • Earn Rate: 10% Cashback on all travel bookings (Rs. 250 cap on domestic flights, Rs. 750 cap on international flights and Rs. 1,000 cap on hotel bookings—this cashback is applicable 12 times per calendar year and max 4 times a month), 4 points per Rs. 100 spent on Yatra travel bookings, 2 points per Rs. 100 spent on all other spending categories
  • Cashback requirement: To receive this cashback the flights must be roundtrips and the hotel booking has to be at least 3 nights with a minimum booking price of Rs. 4,000.
  • Est. Point Value: 1 point = 0.53 InterMiles = ~ Rs. 0.24
  • Travel Perks: Waivers on flight cancellation fees for all tickets booked on the Yatra platform
  • Fuel Surcharge Waiver: Fuel surcharge waiver of 1% across India (maximum waiver of Rs. 150)
  • Receive dining and shopping discounts through the Standard Chartered Good Life Programme
The Standard Chartered Yatra Platinum Credit Card is an excellent option for any individual looking for a credit card to use on travel spending. Cardholders receive a high 10% cashback on all travel bookings made on the Yatra platform—including domestic and international flights, and hotel bookings. The Yatra Platinum Card also offers cardholders flight cancellation waivers for flights booked on Yatra. Along with the cashback rate, the card also offers cardholders a rewards rate of 0.95% (4 points per Rs. 100, 1 reward point = 0.53 InterMiles) on all Yatra travel bookings.


A downside of this card is that cardholders will receive a relatively low 0.48% rewards rate (2 points per Rs. 100, 1 reward point = 0.53 InterMiles) on spends pertaining to all other categories. Still, the SC Yatra Platinum's market leading 10% cashback on travel bookings through Yatra make it ideal for consumers looking for a cashback option to exclusively use on their travel spending.

  • 10% cashback on travel bookings
  • Promotions: Sign-Up Bonus: Yatra vouchers worth ₹ 4,000
  • Read Our Review
  • Annual Fee: 499
  • Earn Rate: 10% Cashback on all travel bookings (Rs. 250 cap on domestic flights, Rs. 750 cap on international flights and Rs. 1,000 cap on hotel bookings—this cashback is applicable 12 times per calendar year and max 4 times a month), 4 points per Rs. 100 spent on Yatra travel bookings, 2 points per Rs. 100 spent on all other spending categories
  • Cashback requirement: To receive this cashback the flights must be roundtrips and the hotel booking has to be at least 3 nights with a minimum booking price of Rs. 4,000.
  • Est. Point Value: 1 point = 0.53 InterMiles = ~ Rs. 0.24
  • Travel Perks: Waivers on flight cancellation fees for all tickets booked on the Yatra platform
  • Fuel Surcharge Waiver: Fuel surcharge waiver of 1% across India (maximum waiver of Rs. 150)
  • Receive dining and shopping discounts through the Standard Chartered Good Life Programme
The Standard Chartered Yatra Platinum Credit Card is an excellent option for any individual looking for a credit card to use on travel spending. Cardholders receive a high 10% cashback on all travel bookings made on the Yatra platform—including domestic and international flights, and hotel bookings. The Yatra Platinum Card also offers cardholders flight cancellation waivers for flights booked on Yatra. Along with the cashback rate, the card also offers cardholders a rewards rate of 0.95% (4 points per Rs. 100, 1 reward point = 0.53 InterMiles) on all Yatra travel bookings.


A downside of this card is that cardholders will receive a relatively low 0.48% rewards rate (2 points per Rs. 100, 1 reward point = 0.53 InterMiles) on spends pertaining to all other categories. Still, the SC Yatra Platinum's market leading 10% cashback on travel bookings through Yatra make it ideal for consumers looking for a cashback option to exclusively use on their travel spending.

Best InterMiles Travel Card: JetPrivilege HDFC Bank Diners Club

  • 2x on InterMiles spending and 2.5x on Etihad Airways bookings
  • Promotions: Sign-up Bonus: 15,000 Intermiles (worth ~ ₹ 7,650); ₹ 1,000 voucher for return ticket; an extra 15,000 Intermiles on ₹ 150,000 of spend within first 90 days
  • Renewal Benefit: 10,000 Intermiles (worth ~ ₹ 5,100); ₹ 750 voucher for return ticket
  • Read Our Review
  • Annual Fee: Rs. 10,000 (first year), Rs. 5,000 (beyond first year)
  • Earn Rate: 8 InterMiles per Rs. 150 spent except fuel; 16 Intermiles per Rs. 150 spent on Intermiles bookings, 20 InterMiles per Rs. 150 on Etihad Airways bookings
  • Est. Point Value: 1 interMile = Rs. 0.45
  • Perks: Diners Club Lounge access (600+ lounges globally); unlimited free golf games (green fee waiver) at 20 courses in India & 40 worldwide; free golf lesson at select ranges in India; domestic airport premiere check-in & extra baggage allowance; dining discounts
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000; max Rs. 1,000 waived per month
The JetPrivilege HDFC Bank Diners Club Credit Card is the best travel rewards cards for high spenders who tend to book through InterMiles. Although the annual fees are higher than most, the card more than makes up for them with its sign-up and renewal bonuses. High spenders are also given an opportunity to increase their rewards earned per year on spends of Rs. 150,000 in the first 90 days, but most may find this requirement difficult.


The card also has a great earn rate of 2.4% (8 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45) on all transactions apart from fuel. Furthermore, cardholders receive a 4.8% rewards rate (16 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45) when booking on InterMiles. Additionally, this card offers elevated rewards for bookings on Etihad Airways with a rewards rate of 6.0% (20 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45) which includes a 5% and 10% discount on economy and business class tickets, respectively. Among its perks, the card offers Diners Club Lounge access. This card is a great option for any consumer looking for a travel card with great rewards and travel perks.

  • 2x on InterMiles spending and 2.5x on Etihad Airways bookings
  • Promotions: Sign-up Bonus: 15,000 Intermiles (worth ~ ₹ 7,650); ₹ 1,000 voucher for return ticket; an extra 15,000 Intermiles on ₹ 150,000 of spend within first 90 days
  • Renewal Benefit: 10,000 Intermiles (worth ~ ₹ 5,100); ₹ 750 voucher for return ticket
  • Read Our Review
  • Annual Fee: Rs. 10,000 (first year), Rs. 5,000 (beyond first year)
  • Earn Rate: 8 InterMiles per Rs. 150 spent except fuel, 16 Intermiles per Rs. 150 spent on Intermiles bookings, 20 InterMiles per Rs. 150 on Etihad Airways bookings
  • Est. Point Value: 1 interMile = Rs. 0.45
  • Perks: Diners Club Lounge access (600+ lounges globally); unlimited free golf games (green fee waiver) at 20 courses in India & 40 worldwide; free golf lesson at select ranges in India; domestic airport premiere check-in & extra baggage allowance; dining discounts
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000; max Rs. 1,000 waived per month
The JetPrivilege HDFC Bank Diners Club Credit Card is the best travel rewards cards for high spenders who tend to book through InterMiles. Although the annual fees are higher than most, the card more than makes up for them with its sign-up and renewal bonuses. High spenders are also given an opportunity to increase their rewards earned per year on spends of Rs. 150,000 in the first 90 days, but most may find this requirement difficult.


The card also has a great earn rate of 2.4% (8 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45) on all transactions apart from fuel. Furthermore, cardholders receive a 4.8% rewards rate (16 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45) when booking on InterMiles. Additionally, this card offers elevated rewards for bookings on Etihad Airways with a rewards rate of 6.0% (20 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45) which includes a 5% and 10% discount on economy and business class tickets, respectively. Among its perks, the card offers Diners Club Lounge access. This card is a great option for any consumer looking for a travel card with great rewards and travel perks.

Best Card for Yatra Discounts: Yatra SBI Credit Card

  • 6 discounts of up to 20% off flight and hotel bookings each year
  • Promotions: Sign-Up Bonus: 7 Yatra vouchers totaling ₹ 8,250 (flights, hotels, holiday packages)
  • Anniversary Benefit: ₹ 1,000 iff on domestic flight bookings (min. transaction of ₹ 5,000) and ₹ 4,000 off on international flight bookings (min. transaction of ₹ 40,000)
  • 20% off domestic hotels with a min.transaction of ₹ 3,000. Max. discount of ₹ 2,000
  • Annual Fee: Rs. 499 (beyond first year, waived upon annual spend of Rs. 100,000)
  • Earn Rate: 6 Points per Rs. 100 spent on departmental stores, grocery, dining, movies, entertainment, international spend; 1 Point per Rs. 100 on all other
  • Point Value: 1 Reward Point = Rs. 0.25 in Yatra vouchers
  • Air accident cover of Rs. 50 lakhs
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 3,000; max Rs. 100 waived/month
The Yatra SBI Card is the best credit card in the market for discounts on the Yatra platform. Cardholders receive 6 discounts of up to 20% off flight and hotel bookings each year. Additionally, on everyday spending, cardholders get good rupee value back of 1.5% on departmental and grocery stores, and on dining, movies, entertainment and international transactions (6 Reward Points per Rs. 100, 25% redemption rate for Yatra vouchers).

Beyond those categories, the rupee value back of 0.25% on all other spend is below average (1 point per Rs. 100). In sum, if one travels enough, the Yatra SBI Card will give a great overall value by using its discounts and rewards toward significantly reducing annual travel spend.

  • 6 discounts of up to 20% off flight and hotel bookings each year
  • Promotions: Sign-Up Bonus: 7 Yatra vouchers totaling ₹ 8,250 (flights, hotels, holiday packages)
  • Anniversary Benefit: ₹ 1,000 iff on domestic flight bookings (min. transaction of ₹ 5,000) and ₹ 4,000 off on international flight bookings (min. transaction of ₹ 40,000)
  • 20% off domestic hotels with a min.transaction of ₹ 3,000. Max. discount of ₹ 2,000
  • Annual Fee: Rs. 499 (beyond first year, waived upon annual spend of Rs. 100,000)
  • Earn Rate: 6 Points per Rs. 100 spent on departmental stores, grocery, dining, movies, entertainment, international spend; 1 Point per Rs. 100 on all other
  • Point Value: 1 Reward Point = Rs. 0.25 in Yatra vouchers
  • Air accident cover of Rs. 50 lakhs
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 3,000; max Rs. 100 waived/month
The Yatra SBI Card is the best credit card in the market for discounts on the Yatra platform. Cardholders receive 6 discounts of up to 20% off flight and hotel bookings each year. Additionally, on everyday spending, cardholders get good rupee value back of 1.5% on departmental and grocery stores, and on dining, movies, entertainment and international transactions (6 Reward Points per Rs. 100, 25% redemption rate for Yatra vouchers).

Beyond those categories, the rupee value back of 0.25% on all other spend is below average (1 point per Rs. 100). In sum, if one travels enough, the Yatra SBI Card will give a great overall value by using its discounts and rewards toward significantly reducing annual travel spend.

Best Air India Travel Card: Air India SBI Credit Card

  • 13.5% on Air India flight bookings
  • Promotions: Signup bonus of 20,000 points (₹ 9,000)
  • Renewal benefit of 5,000 reward points (₹ 2,250)
  • By spending ₹ 2,000,000 cardholder receives 50,000 points, by spending ₹ 1,000,000 cardholder receives 30,000 and by spending ₹ 500,000 cardholder receives 20,000 points (Approximately ₹ 45,000 in total)
  • Annual Fee: Rs. 4,999
  • Reward Earn Rate: 4 points per Rs. 100 on all spends (including grocery & dining), 30 points per Rs. 100 spent on travel bookings.
  • Estimated Point Value: 1 reward point = 1 Air India Mile = Rs. 0.45
  • International Airport Luxury Lounge Access to over 600 airport lounges with the Priority Pass Program
  • Visa Lounge Access Program in India at major domestic airports
  • 8 complimentary visits per year to Domestic VISA Lounges in India, maximum 2 visits per quarter
  • Fuel Surcharge Waiver: 1% fuel surcharge waiver with your Air India across all petrol pumps with transaction of worth Rs. 500 to Rs. 4,000 (max surcharge waiver of Rs. 250 per statement cycle).
  • Alternative Payment Options: Convert transactions over Rs. 2,500 to monthly installments within 30 days of purchase through flexipay.
The Air India SBI Signature Card is the ideal card for those in search of a great miles card with strong earnings and high Air India rewards. This card offers a solid rewards rate of 1.8% (4 points on Rs. 100 spends, 1 Reward Point = 1 Airline Mile = Rs. 0.45) for all spending categories. Furthermore, the card will also earn the cardholder a best-in-market 13.5% rewards rate (30 points per Rs. 100 spent) on all Air India travel bookings.


The Air India SBI Signature Card also provides the largest sign-up bonus offered in our credit card review at 20,000 reward points (Rs. 9,000), which helps offset the card's annual fee (Rs. 4,999). Additionally, big spenders have the opportunity to receive more rewards by surpassing specified spending thresholds. For example, by spending Rs. 2,000,000 cardholders receive 50,000 points, by spending Rs. 1,000,000 cardholders receive an additional 30,000 and by spending Rs. 500,000 cardholders receive 20,000 more points. As a result, this card’s benefits are maximized by big spenders and those that prefer to fly with Air India.

  • 13.5% on Air India flight bookings
  • Promotions: Signup bonus of 20,000 points (₹ 9,000)
  • Renewal benefit of 5,000 reward points (₹ 2,250)
  • By spending ₹ 2,000,000 cardholder receives 50,000 points, by spending ₹ 1,000,000 cardholder receives 30,000 and by spending ₹ 500,000 cardholder receives 20,000 points (Approximately ₹ 45,000 in total)
  • Annual Fee: Rs. 4,999
  • Reward Earn Rate: 4 points per Rs. 100 on all spends (including grocery & dining), 30 points per Rs. 100 spent on travel bookings.
  • Estimated Point Value: 1 reward point = 1 Air India Mile = Rs. 0.45
  • International Airport Luxury Lounge Access to over 600 airport lounges with the Priority Pass Program
  • Visa Lounge Access Program in India at major domestic airports
  • 8 complimentary visits per year to Domestic VISA Lounges in India, maximum 2 visits per quarter
  • Fuel Surcharge Waiver: 1% fuel surcharge waiver with your Air India across all petrol pumps with transaction of worth Rs. 500 to Rs. 4,000 (max surcharge waiver of Rs. 250 per statement cycle).
  • Alternative Payment Options: Convert transactions over Rs. 2,500 to monthly installments within 30 days of purchase through flexipay.
The Air India SBI Signature Card is the ideal card for those in search of a great miles card with strong earnings and high Air India rewards. This card offers a solid rewards rate of 1.8% (4 points on Rs. 100 spends, 1 Reward Point = 1 Airline Mile = Rs. 0.45) for all spending categories. Furthermore, the card will also earn the cardholder a best-in-market 13.5% rewards rate (30 points per Rs. 100 spent) on all Air India travel bookings.


The Air India SBI Signature Card also provides the largest sign-up bonus offered in our credit card review at 20,000 reward points (Rs. 9,000), which helps offset the card's annual fee (Rs. 4,999). Additionally, big spenders have the opportunity to receive more rewards by surpassing specified spending thresholds. For example, by spending Rs. 2,000,000 cardholders receive 50,000 points, by spending Rs. 1,000,000 cardholders receive an additional 30,000 and by spending Rs. 500,000 cardholders receive 20,000 more points. As a result, this card’s benefits are maximized by big spenders and those that prefer to fly with Air India.

Best No-Annual Fee Credit Cards

Paying an annual fee can often be worth it, since many cards' rewards more than offset the fee given enough spend. However, if one doesn't charge enough or simply doesn't want to pay a fee, these are some great options.

Best Truly No-Fee Credit Card: IndusInd Bank Signature Card

  • Free Jet Airways Ticket
  • Promotions: Sign-Up Bonus Options: 1) one-way Jet Airways base fare and airline fuel charge waiver, 2) Oberoi Hotels voucher or 3) Genesis Luxury Voucher
  • Earn Rate: 1 Reward Point per Rs. 150 spent except on Fuel
  • Point Value: 1 Reward Point = Rs. 1 cash
  • Priority Pass & Travel Plus (charges may apply), travel insurance, golf benefits, movie benefits
IndusInd's Signature Card is one of the best cards to simply avoid paying an annual fee no matter what. There are no annual fees under any circumstances, whereas some other cards require hitting spend minimums to waive the fees. Of the different welcome gift options, the most widely usable is likely the one-way waiver of base fare and airline fuel charges on a Jet Airways flight, the card's biggest source of value. On daily spend, cardholders earn good rupee value of 0.67% on all transactions except fuel (1 point per Rs. 150; 1 point = Rs. 1 in cash). A number of different perks include Priority Pass and Travel Plus lounge access (however charges may apply), various travel insurances, as well as golf and movie benefits. Overall, the IndusInd Signature Card will provide solid cashback value, and there is no possibility of paying an annual fee.
  • Free Jet Airways Ticket
  • Promotions: Sign-Up Bonus Options: 1) one-way Jet Airways base fare and airline fuel charge waiver, 2) Oberoi Hotels voucher or 3) Genesis Luxury Voucher
  • Earn Rate: 1 Reward Point per Rs. 150 spent except on Fuel
  • Point Value: 1 Reward Point = Rs. 1 cash
  • Priority Pass & Travel Plus (charges may apply), travel insurance, golf benefits, movie benefits
IndusInd's Signature Card is one of the best cards to simply avoid paying an annual fee no matter what. There are no annual fees under any circumstances, whereas some other cards require hitting spend minimums to waive the fees. Of the different welcome gift options, the most widely usable is likely the one-way waiver of base fare and airline fuel charges on a Jet Airways flight, the card's biggest source of value. On daily spend, cardholders earn good rupee value of 0.67% on all transactions except fuel (1 point per Rs. 150; 1 point = Rs. 1 in cash). A number of different perks include Priority Pass and Travel Plus lounge access (however charges may apply), various travel insurances, as well as golf and movie benefits. Overall, the IndusInd Signature Card will provide solid cashback value, and there is no possibility of paying an annual fee.

Best Credit Card with Annual Fee Waiver: BOB Financial Select Card

  • 1.25% rewards rate on online shopping, dining, and utility bill transactions
  • Promotions: Monthly bonus: 1,000 points (worth ₹ 250) on 5 transactions of ₹ 1,000+ per month
  • Annual Fee: Rs. 750 (in first year, waived on Rs. 7,500 spend in 60 days; beyond first year, waived on annual spend of Rs. 70,000)
  • Reward Earn Rate: 5 points/Rs. 100 spent on online shopping, dining and utility bills; 1 point/Rs. 100 spent on all other
  • Point Value: 4 points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000 (max Rs. waived 250 per cycle)
The BOB Financial Select Card is an excellent, effectively no-fee card if one can clear the Rs. 70,000 annual spend requirement. The card's biggest value source is its monthly bonus worth Rs. 250 (1,000 points) upon at least 5 transactions of Rs. 1,000+ within the given month. On everyday spend, the card earns good 1.25% rupee value back (5 points per Rs. 100 spent; 4 points = Rs. 1) on online shopping, dining and utility bill transactions. Last, its 0.25% value back (1 point per Rs. 100) on all other spend is below average. Overall, this is the most profitable no-fee card if one can both clear the annual spend minimum and attain the monthly bonuses each billing cycle.
  • 1.25% rewards rate on online shopping, dining, and utility bill transactions
  • Promotions: Monthly bonus: 1,000 points (worth ₹ 250) on 5 transactions of ₹ 1,000+ per month
  • Annual Fee: Rs. 750 (in first year, waived on Rs. 7,500 spend in 60 days; beyond first year, waived on annual spend of Rs. 70,000)
  • Reward Earn Rate: 5 points/Rs. 100 spent on online shopping, dining and utility bills; 1 point/Rs. 100 spent on all other
  • Point Value: 4 points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000 (max Rs. waived 250 per cycle)
The BOB Financial Select Card is an excellent, effectively no-fee card if one can clear the Rs. 70,000 annual spend requirement. The card's biggest value source is its monthly bonus worth Rs. 250 (1,000 points) upon at least 5 transactions of Rs. 1,000+ within the given month. On everyday spend, the card earns good 1.25% rupee value back (5 points per Rs. 100 spent; 4 points = Rs. 1) on online shopping, dining and utility bill transactions. Last, its 0.25% value back (1 point per Rs. 100) on all other spend is below average. Overall, this is the most profitable no-fee card if one can both clear the annual spend minimum and attain the monthly bonuses each billing cycle.

Best Credit Cards Against Fixed Deposit

Credit cards against fixed deposit, also known as secured credit cards, are intended for consumers with nonexistent, limited or poor credit history. Such cards are also good for students who may not yet have a steady income. Regardless of a consumer's profile, these are great options to help build credit and progress toward a more valuable card over time.

Best Card Against Fixed Deposit for Cashback: BOB Financial Prime Card

  • Minimium requirement of Rs. 15,000 deposit, lowest among all other cards
  • 1% value back on all spending
  • Minimum Fixed Deposit: Rs. 15,000
  • Earn Rate: 4 Rewards Points per Rs. 100 spent
  • Point Value: 4 Reward Points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000; max Rs. 250 waived per month
BOB Financial's Prime Credit Card is the clear choice among credit cards against fixed deposit for those who prefer the flexibility of cashback. This card requires at least a Rs. 15,000 deposit (the lowest of all other cards against fixed deposit) and also has no fees or age/income requirements. While this card provides no welcome gift, its 1% rupee value back (4 points per Rs. 100 spent, 4 points = Rs. 1) is still great among credit cards against fixed deposit. Get this card to earn modest cashback on spend while you require a card against fixed deposit.
  • Minimum requirement of Rs. 15,000 deposit, lowest among all other cards
  • Promotions:
  • Minimum Fixed Deposit: Rs. 15,000
  • Earn Rate: 4 Rewards Points per Rs. 100 spent
  • Point Value: 4 Reward Points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000; max Rs. 250 waived per month
BOB Financial's Prime Credit Card is the clear choice among credit cards against fixed deposit for those who prefer the flexibility of cashback. This card requires at least a Rs. 15,000 deposit (the lowest of all other cards against fixed deposit) and also has no fees or age/income requirements. While this card provides no welcome gift, its 1% rupee value back (4 points per Rs. 100 spent, 4 points = Rs. 1) is still great among credit cards against fixed deposit. Get this card to earn modest cashback on spend while you require a card against fixed deposit.

Best Card Against Fixed Deposit for Travel Rewards: Axis Bank Insta Easy

  • 2.4% on international spend, 1.2% on domestic spend
  • Promotions: Sign-Up Bonus: 100 points (Rs. 40 in Yatra vouchers) on first online transaction
  • Minimum Fixed Deposit: Rs. 20,000
  • Earn Rate: 6 points per Rs. 200 spent on domestic transactions except on Fuel; 12 points per Rs. 200 spent on international transactions
  • Point Value: 1 Axis eDGE Reward Point = Rs. 0.40 Yatra Travel Vouchers
  • Perks: Axis Bank’s Dining Delights program
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 4,000; max Rs. 400 waived per month
Axis Bank's Insta Easy Credit Card is the most valuable card against fixed deposit on the market for those who want to redeem rewards for travel (via Yatra vouchers). A deposit of at least Rs. 20,000 is required, and the card comes fee-free, making it a great potential card for students, too. With a small welcome gift of 100 points, most of the card value comes from its great 1.2% Yatra voucher value back on domestic spend (6 points per Rs. 200 spent; 1 point = Rs. 0.40 Yatra vouchers) and even better 2.4% Yatra voucher value back on international spend (12 points per Rs. 200).


Diners at participating restaurants will also enjoy up to 15% off using the card. If one doesn’t require the flexibility of cashback rewards, the Insta Easy Card’s travel rewards will provide the best value while you require a card against fixed deposit.

  • 2.4% on international spend, 1.2% on domestic spend
  • Promotions: Sign-Up Bonus: 100 points (Rs. 40 in Yatra vouchers) on first online transaction
  • Minimum Fixed Deposit: Rs. 20,000
  • Earn Rate: 6 points per Rs. 200 spent on domestic transactions except on Fuel; 12 points per Rs. 200 spent on international transactions
  • Point Value: 1 Axis eDGE Reward Point = Rs. 0.40 Yatra Travel Vouchers
  • Perks: Axis Bank’s Dining Delights program
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 4,000; max Rs. 400 waived per month
Axis Bank's Insta Easy Credit Card is the most valuable card against fixed deposit on the market for those who want to redeem rewards for travel (via Yatra vouchers). A deposit of at least Rs. 20,000 is required, and the card comes fee-free, making it a great potential card for students, too. With a small welcome gift of 100 points, most of the card value comes from its great 1.2% Yatra voucher value back on domestic spend (6 points per Rs. 200 spent; 1 point = Rs. 0.40 Yatra vouchers) and even better 2.4% Yatra voucher value back on international spend (12 points per Rs. 200).


Diners at participating restaurants will also enjoy up to 15% off using the card. If one doesn’t require the flexibility of cashback rewards, the Insta Easy Card’s travel rewards will provide the best value while you require a card against fixed deposit.

Best Fuel Credit Card: Standard Chartered Super Value Titanium

  • 5% net cashback on fuel spends
  • 5% cashback on utilities
  • 5% cashback on phone bill
  • 1 free lounge visit per month
  • Read Our Review
  • Annual Fee: Rs. 750 (Can be waived by Premium Banking customers)
  • Reward Earn Rate: 1 point per Rs. 150 spent (Premium Banking: 5x overseas spend)
  • Point Value: 100 points = 53 JPMiles = Rs. 24
  • Utilities: 5% cashback, minimum transaction of Rs. 750, max Rs. 100 cashback/month
  • Fuel: 5% cashback (net of surcharge), min transaction Rs. 750, max Rs. 100 cashback/transaction & Rs. 200/month
  • Phone bill: 5% cashback, min transaction of Rs. 750, max Rs. 100 cashback per transaction & Rs. 200 per month
  • SC Good Life Program; Premium Banking - Priority Pass (1 free lounge visit per month)
The Standard Chartered Super Value Titanium Credit Card is the best general fuel card to use on all fuel vendors. This card offers an excellent 5% net cashback on all fuel spends. In addition to the fuel cashback, the card also offers the same 5% cashback rate on utility and phone bill spends. The downside for the card is that it does not provide any sign-up or renewal bonuses and all other categories receive a lower cashback rate of 0.67%. This card would be utilized the best by individuals looking for high rewards on fuel, utilities and phone spending.
  • 5% cashback on fuel spends
  • 5% cashback on utilities
  • 5% cashback on phone bill
  • 1 free lounge visit per month
  • Read Our Review
  • Annual Fee: Rs. 750 (Can be waived by Premium Banking customers)
  • Reward Earn Rate: 1 point per Rs. 150 spent (Premium Banking: 5x overseas spend)
  • Point Value: 100 points = 53 JPMiles = Rs. 24
  • Utilities: 5% cashback, minimum transaction of Rs. 750, max Rs. 100 cashback/month
  • Fuel: 5% cashback (net of surcharge), min transaction Rs. 750, max Rs. 100 cashback/transaction & Rs. 200/month
  • Phone bill: 5% cashback, min transaction of Rs. 750, max Rs. 100 cashback per transaction & Rs. 200 per month
  • SC Good Life Program; Premium Banking - Priority Pass (1 free lounge visit per month)
The Standard Chartered Super Value Titanium Credit Card is the best general fuel card to use on all fuel vendors. This card offers an excellent 5% net cashback on all fuel spends. In addition to the fuel cashback, the card also offers the same 5% cashback rate on utility and phone bill spends. The downside for the card is that it does not provide any sign-up or renewal bonuses and all other categories receive a lower cashback rate of 0.67%. This card would be utilized the best by individuals looking for high rewards on fuel, utilities and phone spending.

Best Card for Groceries: Kotak Essentia Platinum Credit Card

  • 10% cashback on all shopping and grocery spends
  • Promotions: Spend ₹ 125,000 every 6 months and get 6 free PVR tickets (max 12 per year) This OR Spend ₹ 125,000 every 6 months and get 6 free PVR tickets (max 12 per year)
  • First Year Fee: Rs. 1,499
  • Annual Fee: Rs. 749
  • Reward Earn Rate: 10 points per Rs. 100 on shopping and grocery spending, 1.5 points per Rs. 100 on utility spends, 1 point per Rs. 250 on other spends
Kotak Mahindra's Essentia Platinum Card is a great option for earning cashback on grocery and online shopping spends. For the two categories, the Kotak Essentia Platinum Card earns an excellent rewards rate of 10% (10 Saving Points per Rs. 100 spent; 1 point = Rs. 1)—the highest in our review. Notably, eligible transactions must meet the minimum of Rs. 1,500 and points are capped at 500 monthly across total shopping and grocery store spending.


Still, the card offers a great promotion of 1,200 points that cardholders can once after achieving spends of Rs. 125,000 every 6 months. This promotion helps offset the Rs. 500 monthly cap on groceries and shopping, for higher spenders. Unfortunately, the Essentia Platinum Card earns a below average 0.40% rewards rate on all other categories, resulting in the card being more attractive for its grocery and shopping rewards.

  • 10% cashback on all shopping and grocery spends
  • Promotions: Spend ₹ 125,000 every 6 months and get 6 free PVR tickets (max 12 per year) This OR Spend ₹ 125,000 every 6 months and get 6 free PVR tickets (max 12 per year)
  • First Year Fee: Rs. 1,499
  • Annual Fee: Rs. 749
  • Reward Earn Rate: 10 points per Rs. 100 on shopping and grocery spending, 1.5 points per Rs. 100 on utility spends, 1 point per Rs. 250 on other spends
Kotak Mahindra's Essentia Platinum Card is a great option for earning cashback on grocery and online shopping spends. For the two categories, the Kotak Essentia Platinum Card earns an excellent rewards rate of 10% (10 Saving Points per Rs. 100 spent; 1 point = Rs. 1)—the highest in our review. Notably, eligible transactions must meet the minimum of Rs. 1,500 and points are capped at 500 monthly across total shopping and grocery store spending.


Still, the card offers a great promotion of 1,200 points that cardholders can once after achieving spends of Rs. 125,000 every 6 months. This promotion helps offset the Rs. 500 monthly cap on groceries and shopping, for higher spenders. Unfortunately, the Essentia Platinum Card earns a below average 0.40% rewards rate on all other categories, resulting in the card being more attractive for its grocery and shopping rewards.

Best Credit Card for Shopping: FBB SBI STYLEUP Contactless Card

  • 10% off and an additional 2.5% rewards rate on Big Bazaar spends
  • Promotions: Sign-Up Bonus: ₹ 500 FBB gift voucher
  • Renewal Benefit: 2,000 Reward Points
  • First Year Fee: Rs. 1,499
  • Annual Fee: Rs. 749
  • Reward Earn Rate: 10 points per Rs. 100 on shopping and grocery spending, 1.5 points per Rs. 100 on utility spends, 1 point per Rs. 250 on other spends
SBI's FBB STYLEUP Contactless Card is the best credit card for shopping out there. Shopping at Fbb or Big Bazaar, cardholders get a flat 10% off and an additional great 2.5% rewards rate (10 points per Rs. 100 spent). That's where the majority of the value of this card comes from, but cardholders also earn 2.5% rewards rate at Food Bazaar and on all dining expenses. Consumers earn a below average 0.25% rewards rate on all other spend except fuel (1 point per Rs. 100). Overall, this card is great for those who spend a lot on dining, groceries and particularly shopping.
  • 10% off and an additional 2.5% rewards rate on Big Bazaar spends
  • Promotions: Sign-Up Bonus: ₹ 500 FBB gift voucher
  • Renewal Benefit: 2,000 Reward Points
  • First Year Fee: Rs. 1,499
  • Annual Fee: Rs. 749
  • Reward Earn Rate: 10 points per Rs. 100 on shopping and grocery spending, 1.5 points per Rs. 100 on utility spends, 1 point per Rs. 250 on other spends
SBI's FBB STYLEUP Contactless Card is the best credit card for shopping out there. Shopping at Fbb or Big Bazaar, cardholders get a flat 10% off and an additional great 2.5% rewards rate (10 points per Rs. 100 spent). That's where the majority of the value of this card comes from, but cardholders also earn 2.5% rewards rate at Food Bazaar and on all dining expenses. Consumers earn a below average 0.25% rewards rate on all other spend except fuel (1 point per Rs. 100). Overall, this card is great for those who spend a lot on dining, groceries and particularly shopping.

Best Credit Card for Online Shopping: Snapdeal HDFC Credit Card

  • 11.67% on Snapdeal, 6.67% on SmartBuy (travel, Amazon and Flipkart)
  • Promotions: Sign-up Bonus: Snapdeal Vouchers worth ₹ 2,250 (₹ 2,000 in direct vouchers, 500 points redeemable for ₹ 250 in vouchers)
  • Annual Fee: Rs. 500 (spend Rs. 150,000/year & waive next year’s fee)
  • Snapdeal: 20 points/Rs. 150 spent, 5% discount (min transaction Rs. 150, max 10,000 points/month, max Rs. 500 discount/month) - through Mar 31
  • Other Rates: 20 points/Rs. 150 on SmartBuy (travel, Amazon, Flipkart); 2 points/Rs. 150 on all other (min transaction Rs. 150)
  • Point Value: 1 point = Rs. 0.50 Snapdeal
  • Accidental Death insurance (Rs. 50 lakhs), fire and burglary insurance
  • Fuel Surcharge Waiver: Transactions Rs. 400-5,000, max waived Rs. 250/month
The Snapdeal HDFC Credit Card is the best option for online shopping. The card earns excellent rewards from shopping on the Snapdeal platform, with a rewards rate of 11.67% (20 points per Rs. 150 spent, 1 point = Rs. 0.5 in Snapdeal vouchers + a 5% instant discount).


Additionally, the cardholder will receive a great cashback rate of 6.67% (20 points per Rs. 150 spent, 1 point = Rs. 0.5 in Snapdeal vouchers) on spends on HDFC’s SmartBuy platform(including Flipkart, Amazon, travel). Unfortunately, all other spending (excluding fuel) will earn you an average 0.67% back (2 points per Rs. 150 spent). Overall, get this credit if you want great benefits from multiple shopping sites.

  • 11.67% on Snapdeal, 6.67% on SmartBuy (travel, Amazon and Flipkart)
  • Promotions: Sign-up Bonus: Snapdeal Vouchers worth ₹ 2,250 (₹ 2,000 in direct vouchers, 500 points redeemable for ₹ 250 in vouchers)
  • Annual Fee: Rs. 500 (spend Rs. 150,000/year & waive next year’s fee)
  • Snapdeal: 20 points/Rs. 150 spent, 5% discount (min transaction Rs. 150, max 10,000 points/month, max Rs. 500 discount/month) - through Mar 31
  • Other Rates: 20 points/Rs. 150 on SmartBuy (travel, Amazon, Flipkart); 2 points/Rs. 150 on all other (min transaction Rs. 150)
  • Point Value: 1 point = Rs. 0.50 Snapdeal
  • Accidental Death insurance (Rs. 50 lakhs), fire and burglary insurance
  • Fuel Surcharge Waiver: Transactions Rs. 400-5,000, max waived Rs. 250/month
The Snapdeal HDFC Credit Card is the best option for online shopping. The card earns excellent rewards from shopping on the Snapdeal platform, with a rewards rate of 11.67% (20 points per Rs. 150 spent, 1 point = Rs. 0.5 in Snapdeal vouchers + a 5% instant discount).


Additionally, the cardholder will receive a great cashback rate of 6.67% (20 points per Rs. 150 spent, 1 point = Rs. 0.5 in Snapdeal vouchers) on spends on HDFC’s SmartBuy platform(including Flipkart, Amazon, travel). Unfortunately, all other spending (excluding fuel) will earn you an average 0.67% back (2 points per Rs. 150 spent). Overall, get this credit if you want great benefits from multiple shopping sites.

Learn More About Credit Cards


Consumers looking to acquire a credit card often find it difficult to find the perfect credit card. Unfortunately, there is no one card that fits all. The best way to determine the right card for you will depend on your personal spending habits and interest in rewards. Taking a step back and understanding the reason for acquiring a card can assist you in your decision making process.

Should you hold the account balance on your card?

While you increase your spending on your credit card it is crucial that you keep up with the monthly payment dates. If you find yourself missing monthly payments or keeping your card balance for months at a time then acquiring a credit card may not be wise for you. The interest rates on these credit cards can range from 30% to 50% APR, therefore taking away from the rewards that you may earn through your spending. If you struggle with this, you should either look for a low-fee card or refrain from acquiring a credit card.

How do you use your credit card rewards?

Many credit cardholders accumulate rewards and fail to redeem them before they expire. Regardless of the type of rewards you receive, many cards have reward schemes that expire. Whether you choose to redeem rewards frequently or accumulate and redeem for something big, be sure to use the rewards before they expire.

Furthermore, it is imperative that you understand the type of rewards you would like to receive as that will be the easiest way to filter through the endless number of credit cards offered by the banks. If you tend to travel a lot and want great rewards and perks then a miles card may be best, however if you are more interested in cashback or redeemable points on daily purchases, then a cashback or points card will be most applicable.

Finally, rewards are not as accessible as you may think. For example, cashback rewards are quickly awarded and redeemed, making it useful to the individual that is looking for quick redemption on their rewards. However, redeeming miles may take up to a couple of weeks to receive due to processing time, making it less attractive to those who want fast rewards but remains attractive for those looking for mile rewards.


After conducting research on credit cards in India we narrowed down significant factors of the initial card selection process for you. Understanding the rewards offered by each card, understanding the rewards rate and analyzing the sign-up and renewal bonuses will help you select the appropriate card.

How do Rewards Work?

Credit cards fall within three reward categories: points, cashback and miles. Depending on the category, cards accrue rewards that can be applied as statement credits(cashback), as reward points or as miles. Depending on your interests or how you tend to spend, one of the three types of rewards may suit you best. Additionally, there are some loyalty programs that will accept credit card rewards, another way of utilizing the rewards. For example, Standard Chartered Super Value Titanium Credit Card has the Good Life Program where reward points can be redeemed for discounts on purchases in travel and hospitality.

Rewards Rate: The rewards rate is the amount of rewards earned based on spending. The rewards rate is calculated by using the rewards received on the card per amount spent in rupees and then multiplied to the redemption conversion for the respective card. Our team of researchers has found that the more categories an earnings rate applies to the lower the rewards rate. Conversely, cards that have earnings on fewer categories have elevated rates on those respective categories. Therefore, it might be better for you to select multiple cards with high rewards on specific spending categories.

Promotions: Promotions play a significant role for cardholders that are looking to acquire a credit card. For example, the Air India SBI Signature Credit Card has a promotion of 20,000 points which is equal to Rs. 9,000. Anniversary bonuses can come in any form of units, whether it be in cash, points or vouchers.Furthermore, new cardholders or those renewing their cards are offered the sign-up bonus and renewal benefit promotions and they also play a significant role in the card selection process. Finally,some promotions are conditional and require cardholders to either make a purchase or spend a certain amount within a set time frame. These sign-up, anniversary, and renewal promotions can range from Rs. 500 to Rs. 9,000, making them very attractive to card holders.