Grab These Credit Cards with Best Accelerated Reward Points

A credit card offer reads 2 reward points per every ₹100 spent. Another credit card comes with 5X rewards on every ₹100 spent. And, you begin to decipher the difference between the two, right? Well, in the latter case, you are supposed to earn 10 reward points as opposed to just 2 in the former for spending every ₹100.

For example, if you have spent say ₹4,000, you would earn 80 reward points @2 points per ₹100 spent. But, with 5X rewards, you can earn 400 points. Suppose 1 reward point equals to 1 rupee. In that case, the redemption value in 5X rewards would be ₹400 as opposed to just₹80 in normal 2 reward point structure.

The X rewards, which form a part of accelerated reward structure, take earnings to a new high. Plus, on achieving the milestone spends in a year, bonus reward points get credited, giving you more to redeem.

Those in the know of things are always on the lookout for best credit cards with accelerated reward offers. If you are one of those seeking such a credit card, you can choose from the list shown in this post. So, read and choose.

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Credit Cards with Accelerated Reward Offers September 2018

Credit CardsReward PointsJoining Fee (In ₹)Annual Fee (In ₹)
Citibank Rewards Credit CardGet 10X reward points on apparel and department store spendsNIL1000
JetPrivilege HDFC Bank Diners Club Credit CardEarn 3X JPMiles for spends on JetAirways’ website10,000`5000
SBI Card ELITEEarn 5X reward points on dining, groceries and departmental store spends49994999
Standard Chartered Landmark Rewards Platinum Credit CardGet up to 9X reward points at Landmark affiliated stores such as Lifestyle, Max and Home Centre250250
Standard Chartered Platinum Rewards Credit CardEarn 5X reward points on fuel spends and at fine-dining outlets250250
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Citibank Rewards Credit Card

  • Get 10X reward points on apparel and department store spends
  • The first spend of ₹1,000 made within 60 days of the card issuance fetches you 1,000 bonus points
  • The first spend made within 30 days of the card issuance to earn you 1,500 bonus reward points
  • If you spend ₹30,000 or more in a month, 300 bonus points would be credited to your account

How Can You Redeem These Points?

You can redeem the points earned against air miles, holidays, premium merchandise and cashback.

Privileges to Gain

  • Up to 15% discount on dining at select restaurants
  • Exciting offers on leading brands across different categories
  • EMI options at more than 2,000 consumer electronics, mobile outlets, top retail chains and online retailers

Annual Fee – ₹1,000

JetPrivilege HDFC Bank Diners Club Credit Card

  • Earn 3X JPMiles for spends on JetAirways’ website
  • Get a welcome benefit of up to 30,000 bonus JPMiles and earn 15 JetPrivilege Tier Points within the first 90 days
  • Renewal of a credit card to give you 10,000 bonus JPMiles

How Can You Redeem These Points?

The redemption can be made against travel booking.

Privileges to Gain

  • Unlimited access to more than 600 airport lounges globally
  • Premiere check-in as well as additional baggage allowance at domestic airports
  • Get a complimentary ticket with a waiver of the base fare and discount voucher for return flight upon the payment of the membership fee
  • 5% discount on the base fare of revenue tickets booked at Jet Airways’ website
  • Access to golf training and premium golf clubs worldwide
  • 24X7 concierge services
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Annual Fee – ₹5,000

SBI Card ELITE

  • Earn 5X reward points on dining, groceries and departmental store spends
  • Every ₹100 spent on other categories to earn you 2 reward points
  • If your annual spending ranges between ₹3-4 lakhs, 10,000 bonus reward points would be credited
  • You can earn up to 50,000 bonus reward points worth ₹12,500 a year

How to Redeem These Points?

You can redeem these points from SBI’s Shop-and-Smile Rewards catalogue. So, you should login to sbicard App and choose ‘Rewards’ from the main menu to redeem the reward points. These can be redeemed for vouchers/products available in the catalogue.

Privileges to Gain

  • Get an e-gift voucher worth ₹5,000
  • Get free movie tickets worth ₹6,000 every year
  • 2 complimentary visits to domestic airport lounges allowed every quarter in India
  • Get 6 complimentary visits to international airport lounges outside India, with a maximum of 2 visits per quarter
  • Enjoy complimentary Club Vistara Membership
  • Get a complimentary lounge access voucher and an upgrade voucher
  • Exclusive concierge service with customized holiday packages, gift delivery, hotel & movie reservations

Annual Fee – ₹4,999

Standard Chartered Landmark Rewards Platinum Credit Card

  • Get up to 9X reward points at Landmark affiliated stores such as Lifestyle, Max and Home Centre
  • Earn 2X reward points on all other categories
  • Earn 1,000 reward points on your first swipe
  • Get additional 5% cashback during sale previews at Home Centre and Lifestyle
  • Earn 5% cashback at Spar Stores

How to Redeem These Points?

You can redeem the rewards earned by spending ₹600 at any of the Landmark affiliated stores.

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Privileges to Gain

  • Gift vouchers worth ₹2,700 to greet you
  • Earn 20% cashback on Uber spends, up to ₹7,200 annually
  • 5% cashback at Croma
  • An instant discount of ₹200 at Grofers on purchases made after a minimum of 2,000. Type promo code SCB200 to grab the offer.
  • Renewal fee to be waived when you spend ₹30,000 per annum

Annual Fee – ₹250

Standard Chartered Platinum Rewards Credit Card

  • Earn 5X reward points on fuel spends and at fine-dining outlets
  • Accumulate 1,000 additional reward points on your first transaction with the card
  • Earn 500 additional reward points on online banking registration

How to Redeem These Points?

Redemption can be made by purchasing products across categories of travel, lifestyle, electronics, cashback, instant rewards, etc.

Privileges to Gain

  • BookMyShow vouchers worth ₹500 on the set-up of a card
  • Save around 7,200 annually with 20% cashback on Uber rides
  • Get 5% cashback at Croma
  • Get 10% instant discount at Snapdeal every Saturday
  • An instant discount worth ₹200 at Grofers on purchases made after a minimum of ₹2,000. Don’t forget to type SCB200 in the space prescribed for Promo Code to grab the offer.

Annual Fee – ₹250

Personal Loan Interest Rates September 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.25%
ICICI Bank10.99% - 18.40%
IndusInd Bank11.25% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank10.99% - 14.49%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates September 2018
State Bank of India/SBI8.65% - 9.20%
HDFC8.70% - 9.40%
Bank of Baroda8.55% - 9.55%
LIC Housing8.60% - 8.95%
PNB Housing Finance8.99% - 10.75%
ICICI Bank8.85% - 9.10%
Axis Bank8.50% - 8.75%
Citibank8.85% - 9.65%
Indiabulls Housing Finance Limited8.70% - 9.85%
Kotak Bank8.65% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
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