Best Credit Cards in India

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Credit card usage in India is on a steady rise. According to Euromonitor International, credit card circulation in the country rose from about 22 million to 24 million in just two years between 2007 and 2009. Although the credit card industry in India is dominated by private and foreign banks, such as ICICI and Citibank, several public banks have started offering a wide range of credit cards to cater to the escalating demand. This wide array of options has, consequently, made the task of choosing the best credit card in India extremely complex.

Best Credit Cards in India for the Budget-Conscious

Most banks offer several value-for-money credit cards for individuals on a tight budget. These cards are an excellent alternative for those who seek to use a credit card primarily for basic purposes, such as purchases and utility bill payments. Some of the best budget-friendly credit cards in India are:

  • Standard Chartered Super Value Titanium Card: This cash back rewards card enables the maximization of savings, offering as much as 5% cash back on card payments.
  • ICICI Bank American Express Green Credit Card: This is a reward point credit card, which offers cardholders 1 reward point on every Rs40 spent on the card. ICICI Amex Green cardholders also benefit from 2.5% fuel surcharge waiver.
  • Citibank First Citizen Credit Card: This card does not have any annual fee, and is an excellent option for the budget-conscious shopper, offering 5% cash back on purchases made at Shoppers Stop and 1% elsewhere.

Best Credit Card in India for the Lavish Spender

Those who consider their credit card as a reflection of their status can choose from the following premier credit card options:

  • Standard Chartered Emirates Platinum Card: This card accompanies a bonus of 25,000 airline miles on the first purchase/transaction with the card. Cardholders can earn 4 airline miles on every Rs150 spent on the card. 
  • ICICI Bank Signature Credit Card: This card comes with 30,000 complementary reward points, which can be redeemed for premium gifts, from Mont Blanc accessories to Tag Hueur watches.
  • Citibank Platinum Select Credit Card: This card offers a wide range of gourmet and lifestyle privileges. This includes up to 15% discount at several high-end restaurants and up to 50% discount on membership at major golf courses in the nation.

Additionally, these premier cards come with 24/7 access to concierge services and complementary ‘Priority Pass’, which provides exclusive access to over 600 airport lounges across the world.

Find more information on India Credit Cards on EconomyWatch below.

 

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