As we step into a new decade, many banking and financial products have evolved. New features, new offers and discounts, new interest rates, and a lot more has changed in the past year. Many products have become obsolete, many new products have replaced them, some products now have a new look and new name. So that Each year a team of experts at CreditKaro sit down to evaluate these products and list them based on features, interest rates and offers on the card.
As we step into a new decade, many banking and financial products have evolved. New features, new offers and discounts, new interest rates and a lot more have changed in the past year. Many products have become obsolete, many new products have replaced them, some products now have a new look and new name. Each year a team of experts at CreditKaro sit down to evaluate the top 10 credit cards in India and list them based on features, interest rates and offers on the card. If you want to apply for credit cards online, click here.
Today we are evaluating the best credit cards in Aug 2020 to find out which 15 credit cards are the best in India in their respective category this year. We have done our research across 4 categories and listed down the best credit cards in India in the year 2020.
These categories are:
- Travel/ Airlines
|CASHBACK/REWARDS CREDIT CARDS||TRAVEL/AIRLINES CREDIT CARDS||PREMIUM CREDIT CARDS||LIFESTYLE CREDIT CARDS|
|Citibank Cashback Credit Card||American Express Platinum Travel Credit card||HDFC Regalia Credit Card||SBI Prime Credit card|
|Standard Charted Platinum Rewards Credit cards||Citi PremierMiles Credit card||SBI Elite Credit Card||SBI SimplyClick Credit card|
|Amex Membership Rewards Credit cards||SBI IRCTC Credit card||Citi Prestige Credit card||Standard Charted Manhattan Platinum Credit cards|
|HDFC Diner Club Rewardz Credit Cards||SBI AirIndia Signature Credit card||Amex Platinum Credit Card|
CASHBACK/REWARDS CREDIT CARDS
Also Read:- Top 5 Cashback Credit Cards in India
USP: Cashbacks on Utility bills, telephone bills, Movie tickets, etc.
ANNUAL FEE: INR 500
- 5% cashback on movie ticket purchases, telephone & utility bill payments
- 0.5% cashback on all other spends
- Cashback is auto-credited to statement in multiples of INR 500
- Unredeemed cashback comes with an unlimited validity
- Get benefits up to INR 3,300+ in the first year
- Standard chartered platinum rewards credit cards
USP: Discounts on shopping, dining, travel, etc.
ANNUAL FEE: INR 250
- Earn 5 reward points for every INR 150 spent on dining and fuel with no monthly cap on rewards earned.
- Enjoy a variety of discounts and offers across dining, shopping, travel and a lot more.
- Earn 1 reward point for every INR 150 spent on all other spends
- Enjoy faster checkouts and secure payments with the contactless credit card feature
- Amex Membership Rewards credit cards
USP: Earn reward points on spends
ANNUAL FEE: INR 1000
- Earn 1000 bonus membership rewards points when you use your credit card 4 times on transactions of INR 1000 and above every month
- Points are redeemable from the fabulous 18 and 24 Karat gold collection
- You can split the Payments in EMIs
- Earn 5,000 membership reward points upon first-year card renewal, on payment of annual membership fee.
- HDFC diners club rewards credit card
USP: Rewards on travel, shopping, and dining
ANNUAL FEE: INR 1000 + applicable taxes
- Earn welcome benefit of 1000 reward points and renewal benefit of 1000 reward points. *
- Book air tickets/ hotels across 150+ airlines and choice of hotels to earn rewards.
- Earn 3 reward points for every INR 150 of retail spends
- 1 Reward point = 0.30 Air Mile
PREMIUM CREDIT CARDS
- HDFC Regalia
USP: Airport lounge access within India
ANNUAL FEE: INR 2500/- + Applicable taxes
- Zomato gold membership for one year
- Get complimentary access 12 times per the calendar year within India (both domestic and international terminal)
- Enjoy the good food trail dining program at premium restaurants across all top cities
- Earn 10,000 reward points when you achieve annual spends of INR 5 lakhs
- Earn additional 5000 reward points when you achieve annual spends of INR 8 lakhs
- SBI elite
USP: Elite rewards and milestone privileges
ANNUAL FEE: INR 4,999
- Welcome e-gift voucher worth INR 5,000
- Free movie tickets worth INR 6,000 every year
- Earn up to 50,000 bonus reward points worth INR 12,500/year
- Earn 5X reward points on departmental stores, grocery spends and dining
- Citi Prestige Credit Card
USP: Complimentary stays, lounge access, golf course access around the world
ANNUAL FEE: INR 20,000
- Enjoy unlimited priority pass lounge access at over 800 airports worldwide
- Get one night’s stay complimentary on a minimum booking of 4 nights at any hotel around the world
- Avail 4 complimentary golf rounds and golf lessons every year at some of the leading golf clubs across India.
- Get Complimentary Meet and Assist services at over 30 international airports
- AMEX Platinum Credit card
USP: World-class services, Platinum experiences, and rewards
ANNUAL FEE: INR 60,000
- Get a complimentary upgrade from select business class to first class with Etihad Airlines
- 25% off at Taj. SeleQtions and Vivanta hotels & 50% off on suites at Oberoi hotels & resorts
- 24X7 concierge service across the globe
- Access to Centurion lounges, priority pass lounges, American express proprietary lounges
TRAVEL/AIRLINES CREDIT CARDS
Also Read:- Top 10 Credit Cards to Get Free Lounge Access
- American express platinum travel credit card
USP: Travel vouchers, airport lounges, etc
ANNUAL FEE: 3,500 plus applicable taxes
- Get travel vouchers worth more than INR 7,700 by spending INR 1.90 lacs in a year
- Get additional travel vouchers worth more than INR 11,800 by spending INR 4 lacs in a year
- Get 4 complimentary visits per year across India ( this is limited to one complimentary visit per quarter)
- Get a Taj experiences E-gift card worth INR 10,000 from the Taj SeleQtions and Vivanta hotels
USP: Frequent flyer points, lounge access, dining and lifestyle offers
ANNUAL FEE: INR 3000
- Welcome bonus of 10,000 Miles
- Earn 10 miles per INR 100 on airline spends and earn 4 miles per INR 100 on other spends
- Redeem miles across 100+ airlines and hotel partners
- Get complimentary access to select airport lounges across India.
SBI IRCTC credit card
USP: Milestone benefits, Travel offers from IRCTC, Complimentary insurance cover, etc.
ANNUAL FEE: INR 1499
- Earn 2,500 reward points on annual travel spends of INR 50,000 and 5,000 reward points on annual travel spends INR 1,00,000
- Get rail accident Insurance of INR 10 lakhs and air accident insurance of INR 50 lakhs complimentary
- 10% value back on AC1, AC2, AC3, AC CC as reward points for your ticket purchase
- Avail movie voucher worth 500 from Bookmyshow* on spends of INR 2000 within first 60 days
- SBI Air India Signature
USP: Frequent flyer points, luxury lounge access, rewards on booking, etc
ANNUAL FEE: Up to INR 4,999
- Get 20,000 reward points as a welcome gift by paying the joining fee
- Get 1,00,000 bonus reward points annually
- Enjoy international airport luxury lounge access to over 600 airport lounges
- Earn 30 reward points when you book for yourself and 10 reward points when you book for others
Also Read:- Top Travel Credit Cards in India
LIFESTYLE CREDIT CARDS
- SBI Prime business
USP: Milestone benefits, club Vistara Membership, etc.
ANNUAL FEE: INR 2,999
- Welcome E-gift voucher worth INR 3,000 from yatra for business
- Get 10 reward points per INR 100 spent on dining, utility bills payments and office supplies
- Enjoy complimentary Club Vistara Silver membership
- Enjoy 1 complimentary lounge access voucher with 1 upgrade voucher
- SBI simplyCLICK Advantage
USP: Shopping, Gift vouchers, Rewards, etc.
ANNUAL FEE: INR 499
- Welcome gift card worth INR 500* from Amazon on joining
- Earn 10X reward points on all online spends with –
- Amazon/ BookMyShow/ Cleartrip/ Lenskart/ Nedtmeds/ Urbanclap
- e-voucher worth INR 2,000 on annual online spends of INR 1,00,000
- 1% fuel surcharge waiver for each transaction between INR 500 & INR 3000
- Standard Chartered Manhattan Platinum credit card
USP: Cashbacks, rewards, entertainment, etc.
ANNUAL FEE: INR 999
- A Welcome gift worth INR 2,000* from BookMyShow on the first transaction within first 90 days
- Get 5% cash back at supermarkets
- Get 3X rewards on all other expenses
- Enjoy faster checkouts and secure payments with contactless credit card
Also Read:- How to Stay Safe From Credit Card Fraud in 2020
So, these were 15 credit cards that have the most amazing features and are loaded with offers and discounts. There are many credit cards we couldn’t cover so if you use a credit card we did not cover in the above list and you think it has the features to make it to this list then feel free to write to us! However, We’ll make sure we have your choice listed in our next blog on the best credit cards in India.