BEST CREDIT CARDS

11 Best Credit Card in India 2020

You can save a big amount of money if you use your credit card sensibly. If you know which credit card is for what purpose, you can get the maximum out of that credit card.

I have categorized the list of 11 best credit cards in India 2020 based on the following categories.

  • Best Credit card for salaried person
  • Best Fee-free credit card
  • Best Cashback credit card 
  • Best Fuel credit card 
  • Best Travel credit card 
  • Best credit card for Online shopping
  • Airport lounge access credit card 
  • Best credit card for Movie tickets spends 
  • Best Premium credit card in India 
  • Super-premium credit card in India 

Let’s discuss all of the top best credit cards in India 2020

Best Credit Card for Salaried Employees in India 2020

#1. Standard Chartered Platinum Credit Card 

The approval rate of Standard Chartered Platinum credit card is high. A salaried person can easily get the approval of this card.

Major benefits of Standard Chartered Platinum credit card

  • High approval rate
  • No annual fee
  • 100%  cashback on spending Rs. 500 at restaurants within the first 90 days
  • 5 reward points on spending 150 rupees on dining and fuel
  • 1 reward point on any other category

Fee & Charges

Type of ChargesFee
Joining FeeRs 250 (waived off on the first transaction within 90 days)
Annual FeeRs. 250 
Annual Fee WaiverSpend Rs 30,000 in a year to get the annual fee waiver

Best Free Credit Card in India 2020

#2. ICICI Platinum Credit Card 

ICICI platinum credit card is a lifetime free credit card by ICICI bank. Platinum is a basic credit card that doesn’t offer great offers as same as other credit cards in the list. 

ICICI Platinum Credit Card is a secured card which means you can get this card against a fixed deposit in the ICICI bank.

If you are a student or house wife and don’t have any income proof to show, then you should apply for ICICI platinum credit card. 

Major benefits of ICICI Instant Platinum credit card

  • Open against Fixed deposit
  • No annual fee
  • 2 payback points per Rs. 100 spendings.
  • 1 payback point per Rs. 100 spendings on utilities.
  • 1 payback point per Rs. 100 spendings on insurance.
  • Rs. 100 off on movie tickets 2 times every month.
  • 1% fuel surcharge waiver at HPCL pumps with a maximum cap at Rs. 4,000.

Fee & Charges

SegmentFee
Joining FeeNil
Annual FeeNil
Annual Fee WaiverNot applicable

Best Cashback Credit Card in India 

#3. American Express Membership Rewards Credit Card 

Amex membership rewards credit card is one of the best credit cards for shopping and wallet recharge. If you have monthly usage of minimum Rs 4000, then you can get the maximum benefit out of this. 

Major benefits of Amex Membership Rewards credit card 

  • Welcome gift of 4,000 bonus Membership Reward Points (MRP)
  • 1,000 bonus rewards points worth Rs 400 every month
  • Get 5000 reward points on the first renewal
  • 20% off at selected restaurant partners.
  • 1 rewards point on spending Rs. 50
  • Reward benefits as gift vouchers (explained in next section)

Rewards Benefits

Reward points have two categories – 24 Karat and 18 Karat

24 Karat Gold Collection (24,000 MRPs)18 Karat Gold Collection(18,000 MRPs)
– Taj voucher worth Rs. 14,000
– Tanishq voucher worth Rs. 10,000
– Statement Credit worth Rs. 9,000
– Taj Voucher worth Rs. 9,000
– Amazon e-voucher worth Rs. 7,000
– Statement Credit worth Rs. 6,000

Fee & Charges

SegmentFee
Joining FeeRs. 1000 (Welcome gift of 4000 reward points)
Annual FeeRs. 4500 (Second year onwards)
Annual Fee WaiverOn spending Rs. 1.5 lakh in one year

Best Fuel Credit Card in India 

#4. Standard Chartered Super Value Titanium Credit Card

If fuel saving is your primary purpose to get a credit card then you can use Standard Chartered Super Value Titanium credit card.

You can save 5% on your fuel expenses up to Rs. 100 per transaction (allowed on transaction up to Rs. 2000).

Major benefits of SC Super Value Titanium credit card

  • 5 reward points on spending Rs.150
  • 5% cashback on the phone bill and utility bills
  • 1 reward point on all other expenses
  • Use at any petrol pump in India.

Maximum fuel savings – Rs. 200 per month

Fee & Charges

SegmentFee
Joining FeeRs. 750 
Annual FeeRs. 750 (Second year onwards)
Annual Fee WaiverOn spending Rs. 90,000 in one year

Best Travel Credit Card in India 

#5. American Express Platinum Travel Credit Card 

American Express Platinum Travel credit card is one of the best travel credit cards in India.

You would get 4 complimentary lounges to visit per year. Along with that, you would also get additional gift vouchers worth Rs. 27, 000 on spending more than Rs. 4 Lakhs in a year.

Major benefits of Amex platinum travel credit card

  • Domestic lounge access – 1 per quarter
  • Travel vouchers worth Rs. 7,700 on spending Rs. 1.9 Lakh in a year
  • Rs. 11,800 worth travel vouchers on spending Rs. 4 Lakh
  • Taj gift cards worth Rs. 10,000 on spending Rs. 4 Lakh
  • 1 reward point on spending per Rs. 50

Fee & Charges

SegmentFee
Joining FeeRs. 3500 (Spending Rs. 5,000 within 2 months of activation)
Annual FeeRs. 5000 (Second year onwards)
Annual Fee WaiverNo annual fee waiver

Best Online Shopping Credit Card in India 

#6. ICICI Amazon pay credit card 

ICICI Amazon Pay credit card is a special card launched for Amazon regular shoppers. You get a 5% cashback on every purchase from Amazon.

It’s an invite-only card, you can’t apply it yourself. If you already have a ICICI credit card then add the credit card in your Amazon account and make small spends. It will increase your invite chances. 

Apply for this credit card if you spend a decent amount on Amazon shopping. 

Major benefits of Amazon Pay credit card

  • No joining and annual fee
  • 5% cashback for Prime members on every purchase
  • 3% cashback for non-prime members on every purchase
  • 1% cashback on the rest of the payments
  • 1% fuel surcharge waiver
  • Invite-only card

Fee & Charges

SegmentFee
Joining FeeNil
Annual FeeNil
Annual Fee WaiverNot applicable

#7. SBI Simply Click Credit card 

Second best credit card for online shoppers. Earn 10X reward points on online spending with exclusive partners and 5X reward points on other online shopping.

Major benefits of SBI SimplyClick credit card

  • Amazon gift card worth Rs.500 on joining online
  • Book my show voucher worth Rs. 250 on joining online
  • 10X reward points on Amazon, BookMyShow, Lenskart, Cleartrip, and Foodpanda.
  • 5X rewards on all other online spendings
  • 1 reward point per Rs.100 on all other spends
  • Cleartrip e-voucher worth Rs.2,000 on online spending Rs. 1 lakh and Rs. 2 lakhs.
  • 1% fuel surcharge waiver on fuel spendings between Rs 500 & Rs 3000

Fee & Charges

SegmentFee
Joining FeeRs. 499
Annual FeeRs. 499
Annual Fee WaiverOn spending Rs. 1 lakh in a year

Best Credit Card for Free Airport Lounge access in India 2020

#8. HDFC Diners Black credit card 

HDFC Diners Club Black is a super premium credit card for 3.3% cashback on all spending and unlimited airport lounge access.

Major benefits of HDFC Diners Black credit card

  • Unlimited domestic and international airport lounge access
  • Low foreign currency markup fee of 1.99%
  • Earn 5 reward points for every Rs. 150
  • Amazon gift card worth Rs. 500 on joining online
  • Book my show voucher worth Rs. 250 on joining online
  • 10X reward points on Amazon, BookMyShow, Lenskart, Cleartrip, and Foodpanda.
  • 5X rewards on all other online spendings
  • 1 reward point per Rs.100 on all other spends
  • Cleartrip e-voucher worth Rs.2,000 on online spending Rs. 1 lakh and Rs. 2 lakhs.
  • 1% fuel surcharge waiver on fuel spendings between Rs. 500 & Rs. 3000

Fee & Charges

SegmentFee
Joining FeeRs. 10,000
Annual FeeRs. 10,000
Annual Fee WaiverOn spending Rs. 5 lakhs in a year

Best credit card for movie tickets in India 

#9. ICICI Coral Credit Card

You can buy 1 ticket and get the other ticket free while booking from BookMyShow and INOX.  You get 2 free tickets in a month worth Rs. 250 each. Means a total saving of upto Rs 500 per month and Rs 6000 in a year on your movie spends. 

Major benefits of ICICI Coral credit card

  • 2 Free movie tickets every month
  • 2000 payback points on spending Rs. 2,00,000 
  • 1000 payback points spending  Rs. 1,00,000
  • 2 payback points on spending Rs. 100 except on fuel 
  • 1 payback point on spending Rs. 100 on utilities and insurance
  • 15% savings on dining bills at over 2500+ restaurants
  • Complimentary domestic airport lounge access – 1 per quarter

Fee & Charges

SegmentFee
Joining FeeRs. 500
Annual FeeRs. 500 (Second year onwards)
Annual Fee WaiverOn spending Rs. 1.5 lakh in one year

Best Super Premium Credit Card in India 

#10. Standard Chartered Ultimate Credit Card

Standard chartered bank offers Ultimate credit card for heavy spenders and regular foreign travelers.  You get 1 complimentary international airport lounge access every month and 5% cashback at duty-free outlets.

Major benefits of SC Ultimate Credit Card

  • Welcome gift of MMT cashback on ticket bookings worth Rs. 10,000
  • 5 reward points on every Rs. 150 spent
  • 2% foreign currency markup
  • 2 complimentary golf games per month across 150 golf courses worldwide
  • Complimentary domestic airport lounge access – 1 per quarter
  • Complimentary international airport lounge access – 1 per month
  • 25% discount on dining at selected restaurants

Fee & Charges

SegmentFee
Joining FeeRs. 5,000 
Annual FeeRs. 5,000 (Second year onwards)
Annual Fee WaiverNo annual fee waiver

Best Premium Credit card in India 

#11. HDFC Regalia credit card 

HDFC Regalia credit card is a premium credit card that offers complimentary lounges access, less foreign currency fee, and also give milestone benefits.

Major benefits of HDFC Regalia credit card

  • 4 reward points on spending Rs. 150 
  • 8 points per Rs 150 spent on www.hdfcregalia.com
  • Complimentary domestic airport lounge access – unlimited
  • Complimentary international airport lounge access – 6 per year
  • 2,500 reward points as a welcome gift every year
  • 10,000 points on annual spending of Rs. 5,00,000
  • 15,000 points on total spending of Rs. 8,00,000
  • Zomato Gold membership on spending Rs. 75,000 in the first 3 months
  • 2% Foreign currency mark-up
  • 15% discount on dining at selected restaurants
  • Medical cover up to Rs. 15 Lakh 
  • Air accident cover of Rs. 1 Crore
  • Travel insurance cover on baggage delay up to Rs. 55,000

Fee & Charges

SegmentFee
Joining FeeRs. 2,500 
Annual FeeRs. 2,500 (Second year onwards)
Annual Fee WaiverOn spending Rs. 3 lakh in one year

Conclusion 

I have shared my list of 11 best credit cards in India 2020. Which is your favorite credit card and why? Do share your experience in the comments. 

I would love to know about more valuable credit cards available in India.

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