IDFC Credit Card

  • 10X Reward Points on incremental spends above ₹20,000 per month and spends done on your birthday
  • 6X & 3X Reward Points on online & offline purchases respectively for spending up to ₹20,000 per month

  • Unlimited Reward points that never expire

  • Use Reward points to instantly pay for online or in-store purchases

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Indusind Platinum Aura Edge Visa Credit Card

  • No joining fee. No annual fee. No hidden fee. It's lifetime FREE
  • Choose from 4 flexible rewards plans
  • Comprehensive insurance benefits.
  • Fuel surcharge waiver
  • Welcome gift of EazyDiner voucher as a welcome gift which is valid for 6 months months from the date of issuance.
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Axis Bank Neo Credit Card

  • Amazon & Grofers gift voucher valued Rs. 250
  • 3 months subscription for Zomato Pro.
  • Axis Bank Neo card benefits also include 6 month subscription for 1mg
  • 10% off on every shopping done on Myntra. Minimum purchase value should be Rs. 500.
  • Axis Bank Neo credit card offers 15% off at all partner restaurants.
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HDFC Bank Platinum Times Card

  • Complimentary Annual Times Prime Membership
  • 50% off on movie tickets via BookMyShow
  • Up to 40% off on select restaurants via Dineout Passport Membership
  • Up to 20% off on online and offline - shopping, wellness and hotel stay
  • BookMyShow: 50% off on Movie Tickets on Save up to Rs 600 per transaction!
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HDFC Bank Regalia Cards

  • Complimentary 6 international lounge visits by priority pass
  • Complimentary 2 domestic lounge visits per quarter through Visa/ Master programme
  • Additional Club Vistara Silver membership on joining with 5 Kg extra baggage allowance, waitlist clearance and 9 CV points
  • Upto 2.5% Fuel Surcharge Waiver on the transaction value between INR 400 and INR 500
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Jet Airways American Express Platinum Credit Card

  • Complimentary joining benefits of 10,000 JPMiles bonus points
  • Enjoy exemption from one-way base fare on Jet Airways domestic tickets for economy travel
  • Additional baggage benefits: 10kg for premiers and 5Kg for economy
  • Avail luxury stay at 13 lounges across the nation
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American Express Membership Reward Credit Card

  • Avail 1 extra Membership reward while spending INR 50 except for Fuel, cash, utilities and Insurance
  • Additional discounts while booking with MakeMyTrip (MMT)
  • Facility of emergency card replacement is available
  • Enjoy contactless payment at more than 500 different options such as travelling, dining, shopping
  • Get 1000 rewards points with just 4 credit card transaction within a month
  • Get 4000 Reward membership rewards point immediately after joining
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American Express Platinium Reserve Credit Cards

  • Enjoy additional bonus membership reward points worth Rs 11,000 as the welcome gift.
  • Avail 1 extra Membership reward while spending INR 50 except for Fuel, cash, utilities and Insurance.
  • Top hotels privileges including Taj Group of hotels, Oberoi Hotels and Resorts and Palaces.
  • Enjoy contactless payment at more than 500 different options such as travelling, dining, shopping.
  • Additional Priority pass members with Annual fee waive off worth USD 99
  • Extra benefits of American Express and other lounges around the nation.
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Top Credit Cards

Updated on - 15 Oct 2022

Since there are many categories of credit cards, it may be difficult to choose the best credit card for you. Here is a list of the top 10 credit cards and is based on the different categories they fall under.

Credit Card

Category

IndusInd Platinum Card

Fee Waiver

IndusInd Platinum Aura Edge Card

Lifestyle

Citi Cashback Card

Cash Back

Citi Rewards Card

Rewards

IndianOil Citi Credit Card

Fuel

HDFC Diners ClubMiles Card

Lounge Access

HDFC Freedom Card

Reward Points

Axis Bank Neo Credit Card

Shopping and Movies

HSBC Platinum Credit Card

Travel and Dining

Kotak PVR Gold Credit Card

Movies

Different Types of Credit Cards in India

Features & Benefits of a Credit Card

Welcome Gift

Many banks offer a welcome gift to new credit card applicants once the card is issued to them in the form of bonus reward points, vouchers, discounts, etc.

Rewards Program

All credit cards generally have a reward program, which allows cardholders to earn reward points on every transaction they make using their cards.

Fuel Surcharge Waiver

Banks offer a fuel surcharge waiver to the cardholders on spending a specific amount of money on fuel every month. Cashback Benefits Many credit cards offer cashback benefits to the customers.

Lifestyle Benefits

Cardholders can enjoy various lifestyle benefits on their credit cards such as offers on dining, shopping, wellness, entertainment, etc.

Travel Benefits

Travel benefits of credit cards include air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc.

Airport Lounge Access

Some credit cards offer complimentary airport lounge access to the cardholders. The offer varies from one bank to another.

Add-on Cards

Many banks allow their credit cardholders to apply for add-on credit cards for their immediate family members.

Insurance Coverage

Some premier cards provide a comprehensive insurance policy that provides coverage against air accident, life, lost baggage, lost card, outstanding, etc.

Balance Transfer

Credit cardholders can transfer the outstanding balance of their existing cards issued by one bank to the credit card account of another bank.

Global Acceptance

Today, most credit cards that are issued in India are international credit cards and are accepted by various merchants all over the world.

EMI Conversion

The feature allows the credit card members to convert their credit card transactions into easy monthly installments (EMI).

Credit Score

Owning a credit card helps you build a healthy CIBIL score. By making timely payments on your card and in full, you receive a positive credit score from credit bureau, CIBIL.

Credit Card Eligibility

The eligibility criteria of a credit card are dependent on a range of factors. Check out the primary eligibility criteria for credit cards

Eligibility Criteria

Requirement

Nationality

Indian

Age

18 years

Employment status

Salaried or Self-employed

Income

Depends on one bank to the other

Credit Score

Good credit score (700 and above)

Documents Required to Apply for a Credit Card

Applicants can submit any one of the ID proof, address proof, and income proof documents listed below.

Requirements

Salaried Individuals

Self Employed

ID Proof

Passport, PAN card, Aadhar card, Voter’s ID

Passport, PAN card, Aadhar card, Voter’s ID

Residential Proof

Aadhar Card, Electricity Bill, Telephone bill

Aadhar Card, Electricity Bill, Telephone bill

Income Proof

Salary Certificate, Recent Salary slip/s, Employment Letter

Certified Financials, Recent ITR Statement, Passport

Which is the Best Credit Card for You?

How to Apply for a Credit Card?

You can apply for a credit card, both online and offline. Due to the COVID-19 pandemic, the credit card application process has been digitized, making it simpler and faster.

The Process to Apply for a Credit Card Online

You can Compare & Apply for a Credit Card on BankBazaar by Following 4 Simple Steps:

Alternately, you can also apply for a card online on the bank’s website by following these steps:

Note: Each bank may have a different application procedure. Visit the bank's website for more details regarding how to apply for their card online.

Things to Know Before Applying for A Credit Card

Credit Card Statement

A Credit card statement or (credit card bill) is generated every 30/31 days. The bill generation date depends on the date on which the card is first issued, and the same date will be followed for the subsequent months.

Besides the bill amount which is also called the outstanding amount on the card, the statement also provides a detailed history of all the transactions conducted during the billing period.

It also reflects the total credit limit, available credit limit, cash limit, due date, and other related information. The statement is typically mailed to the cardholder’s registered e-mail address every month. However, if the total outstanding balance is less than a certain cut-off, say Rs. 200, no statement will be generated.

Transferring Money from Your Credit Card to A Bank Account

In India, you cannot transfer money directly from your card to other bank accounts. However, you can always use third-party websites and apps to do the same. You can transfer money to other bank accounts using your debit card. This can be done via net banking and mobile banking.

How does the Reward Points System Work for a Credit Card?

The reward point system of credit cards allows you to earn reward points every time you spend on different purchases. The accumulated reward points can be redeemed for merchandise, air miles, gift vouchers, or cash. The reward points have an expiry date and the minimum points needed for redemption differs from one card to another.

Will the Rejection of Your Credit Card Application Affect Your Credit Score?

Generally, the rejection of your application for a credit card will not directly impact your CIBIL score. Your CIBIL score is largely affected by default in payments and an unstable income source. You can always reapply for a new card once you have understood the reasons why your credit card application was rejected the first time and rectify the same. This can be done by paying off all dues.

Credit Card Fraudulent Transactions

Fraudulent credit card transactions are very common in today's world. Through credit card skimming, phishing, and vishing, your credit card information can be stolen and used without your knowledge. You need to be very alert about any suspicious email and calls that you may receive. You have to report any fraudulent credit card transactions to your bank at least within 2 days of the event from happening. A few banks also allow you to block your credit card online. Keep in mind that with the growing cases of cybercrimes, you need to be very careful as to where and to whom you give your credit card information.

Credit Card FAQ

Credit cards are an essential financial tool that enables its holders to make purchases and have the luxury of paying back the amount later. A credit card comes with a bank-approved credit limit, and the holder must pay back the amount due on the due date, which is mutually decided by the bank and the holder.
A credit card gives you a line of credit and you can use this to make balance transfers, all kinds of purchases, and cash advances. You will have to pay back the amount by the date specified by the bank. When you use a credit card, you have to keep in mind the minimum payment to be made every month by the due date.
This is the maximum amount that one can spend on their card. When you have a high limit for the credit card, it allows you to spend more and this will help your credit scores.
Yes, you can apply for a credit card online, once you go to the website of your preferred bank, or you can conveniently compare options and apply for one on BankBazaar.
A credit score above 650 is ideal to be able to get a credit card.
Even if you do not have a job and have a pretty substantial cash inflow into your account every month or so, you are eligible for a credit card.
Yes. Due to the online application system, your credit card application could be approved in one day. However, you will not get the physical credit card in one day.
Yes, a lot of credit cards come with access to domestic and international lounges at airports.
Yes, most credit cards come with a reward point system, where you earn a point every time you spend a said amount of money. You can then redeem these points for vouchers, cashback, or air miles.
If you already have a credit history, you can check your eligibility, choose a card that suits your lifestyle needs and apply for it on Bankbazaar. If you do not have a credit history, you can opt for a secure credit card usually offered against fixed deposits.
The number, one should own is not fixed. It depends on your financial ability and your spending behavior. However, ensure to manage all the cards properly.
Credit scores above 650 are generally deemed as good for credit card approvals. Scores below 650 are usually considered poor, and approval may be subject to providing security (collateral such as fixed deposits).
The best and the easiest way to get a credit card is to apply for it on a platform like Bankbazaar. You can compare the features, benefits, fees, interest rates etc. and then choose a card that best suits your needs.
No, you don't have to pay interest on all the transactions. However, if you're not repaying the due amount within the stipulated time, the unpaid due would attract interest along with all the new transactions, till the due amount is repaid in full.
The minimum amount due is the minimum amount a credit cardholder needs to pay in case he/she is not able to pay the total outstanding. It is typically 5% of the total outstanding amount on the card.
Yes, banks do charge processing fees for loans against credit cards. However, you need to pay a very nominal amount as a processing fee.
Credit cards are automatically renewed towards the end of the expiration period. A renewed card with a new expiration date is usually a month before the existing card's expiration.
Credit cards issued in India are usually valid for a period of 3 years.
The renewed card usually has the same number as your expired card, but the new card's CVV number is different.
It depends on your card type. If your credit card is accepted globally, you can use it in other countries as mentioned by your card issuer. However, a certain fee known as the foreign transaction fee will be charged for all the purchases made abroad.
It depends on various factors - the number of days late, the number of instances and the amount due. Based on all this your credit card issuer would take a call about whether or not to report the same to the credit agencies.
Yes, you can always reopen a credit card account if it is closed. How long ago you closed the credit card account will be taken into consideration by the credit card issuer. However, keep in mind that there is no guarantee that the issuer will allow you to reopen the account.
Almost all credit card issuers will not charge you any fee if your credit card hasn't been used for months. It is unlikely that they will charge you an inactivity or dormant account fee. Inactivity fee is generally charged on deposit accounts, but this will depend on the credit card issuer.
You do not have to use your credit card every month, but you need to use it often to avoid the bank from labelling it as an inactive account.
Different banks will charge different fees. Typically, the charge will range from 2.5% to 3% of your transaction amount. This will be subject to a minimum amount of Rs.250 to Rs.500.