Best Rewards Credit Cards

Best Credit Cards with 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 rewards credit cards with 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 December 2023

Credit CardsReward PointsJoining Fee (In ₹)Annual Fee (In ₹)
Citibank Rewards Credit CardGet 10X reward points on apparel and department store spendsNIL1000
SBI Card ELITEEarn 5X reward points on dining, groceries and departmental store spends49994999
Standard Chartered Platinum Rewards Credit CardEarn 5X reward points on fuel spends and at fine-dining outlets250250
SBI SimplyClick Credit CardEarn 10X reward points on online spending at Bookmyshow, Amazon, Zoomcar, Lenskart, Foodpanda, Cleartrip, and UrbanClap.499499
HDFC Diners Club Black Credit Card- Enjoy 5 Reward Points per ₹ 150 on this credit card.
- Enjoy up to 2,000 Reward Points on insurance transactions in a year.
SBI Simply Save Credit CardEarn 10X reward points per ₹100 spent on dining, movies, departmental stores, and groceries.499499
HDFC Money-Back Credit CardGet 4 Reward Points per ₹ 150 on your online expenditure.500500
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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


  • 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
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Annual Fee – ₹4,999

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

SBI Simply Save Credit Card

  • You can multiply your reward points 5 times on all other online spendings.
  • Have an Amazon Gift Card worth ₹500 on joining as a welcome gift.
  • Earn E-vouchers worth ₹2,000 on spending ₹ 1 Lakh and 2 Lakh respectively.
  • Enjoy a 1% fuel surcharge waiver between the transactions of ₹500 & ₹3,000
  • Waive off the annual fee by spending ₹1,00,000 in a year.

HDFC Diners Club Black Credit Card

  • Get a Membership from Club Marriott, Zomato Gold, Amazon Prime, Forbes, MMTdoubleback, and Times Prime.
  • Have Air Tickets and Hotel bookings across more than 150 Airlines of your choice.
  • Get Referral and Reservation Assistance for Golf Course.
  • All the Reward points are valid for up to 3 years of this best rewards credit card.
  • Have complimentary Golf Programs (Green Fee Waiver) at about 20 golf courses in the country and over 40 golf courses worldwide.
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SBI Simply Save Credit Card

  • It is one of the best rewards credit cards in which you can enjoy 2,000 bonus points on achieving spending of ₹2,000 in the first 60 days
  • You can reverse the annual fee on spending INR 1,00,000 in a year.
  • Get a fuel surcharge waiver of 1% across all petrol pumps for transactions between ₹500 – 3,000.
  • You can clear all the electricity, telephone, mobile, and other utility bills easily.
  • Convert a transaction of ₹2,500 and more into Equated Monthly Installments (EMIs) through the Flexipay feature.
  • Have the outstanding balance of another bank credit card to SimplySAVE SBI Card.

HDFC MoneyBack Credit Card

  • Get 500 cash points as a welcome benefit on this best rewards credit cards.
  • Enjoy 2 Reward Points for every purchase worth ₹ 150 through this reward point credit card.
  • Spend INR 50000 per quarter and get a gift voucher worth ₹ 500 and this is how you can earn gift vouchers of up to ₹ 2000 in a year.
  • Get a Fuel Surcharge Waiver of up to 1% on all fuel transactions above ₹ 400.
  • You can convert transactions and even your credit card bills into EMIs.

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