Which Credit Cards to Apply for after Demonetization ?

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The common man’s plight to go cashless has seen them pondering which credit cards to apply for after demonetization? With demonetization impacting the day-to-day life of people, making them almost cashless,  credit cards are here to rescue them. Yes, there is no denying the fact that after the demonetization of Rs.500 and Rs.1000 currency notes, the demand of credit cards has increased to meet the daily needs such as shopping for food and other purposes.

Why you need to know, which credit cards to apply for after demonetization

When it comes to credit cards, they are like power tools, giving you the opportunity to fulfill your varied needs without depending upon the cash in hand. There are many credit cards available in the market, but a very few will fulfill your purposes with no cost on joining and annual fee, thereby giving you a cushion to live your daily life without any hassle. So, if you are in the state of a dilemma over which credit cards to apply after demonetization, we can provide you with an exhaustive list to choose from.

You can pick a credit card based upon your requirements, affordability or wants. Keeping these factors into consideration, below are a wide range of cards that can serve your purpose in the best possible manner.

Best Credit Cards with No Joining & Annual Fees

Name of Credit CardFee & ChargesRewardsOther Benefits
HSBC Visa Platinum CardJoining Fee: Nil
AnnualFee:Nil
3x reward points on dining & hotels
2 points per Rs.150 spent
5x rewards after spending Rs.4,00,000 in a year, etc.
Movie Voucher Offer
Fuel Surcharge Waiver
DiningPrivileges
Visa Concierge Services, etc.
ICICI Bank Instant Platinum CardJoining Fee: Nil
AnnualFee:Nil
For every Rs. 100 spent, get 2 payback reward points,
Rs.100 discount on up to 2 movie tickets per month, etc
15% Savings on Dining
Fuel Surcharge Waiver
Offers on Dining, Wellness and Hotels, etc

HDFC Corporate Card Annual/Renewal Fee: Nil
Additional Card Fee: Not Applicable
2 reward points for every Rs. 150 spent
Double reward points for spend done on air,travel, hotel, restaurants and utility spends, etc
Fuel Surcharge Waiver
Low Foreign Currency Charges
Complementary Priority Pass Membership
Exclusive Lounge Access,etc
Pride Platinum Axis CardJoining Fee:Nil
Annual Fee: Nil (1 st Year)
2 points on every Rs. 200 spent on the credit card
100 bonus eDGE points every month,etc
Get Personalized Card
2.5% Fuel Surcharge Waiver
Zero Lost Card Liability
Free Add-on Cards
Earn eDGE Loyalty Rewards
Enjoy Minimum 20% Discount at over 4,000 Partner Restaurants,etc
Pride Signature Axis CardJoining Fee:Nil
Annual Fee: Nil (1 st Year)
8 points for every Rs. 200 spent through your credit card
100 bonus eDGE points every month,etc
Complimentary Lounge Access
Dining Delights Discount
Fuel Surcharge Waiver
Free Add-on Cards, etc
Must Read  Best Ways to Avoid Common Credit Card Fees

Best Interest Free Credit Cards

Name of Credit Card Interest Free Credit PeriodRate of InterestFeesATM Cashwithdrawal Fee
HSBC Visa Platinum CardUp to 52 days18% to 24% per annumJoining Fee:Nil
Annual Fee:Nil
3.3% per month
HDFC Solitare Credit CardUp to 50 Days 2.95% per month (35.4% per annum)Joining Fee:Upto Rs.1000
Annual Fee:Rs.500 (from 2 nd year onwards)
2.5% of withdrawn amount or Rs.300, whichever is more
Axis Bank Neo Credit CardUp to 50 days3.25% per month. (46.78% per annum)Joining Fee:Rs.250 waived, if Rs.2,500 is spent within 45 days
Annual Fee:Rs.250 (from 2 nd year onwards)
2.5% of withdrawn amount or Rs.250
SBI IRCTC Platinum Card 20 to 50 days3.35% per month( 40.2% per annum)Joining Fee:Rs.500
Annual Fee:Rs.300 (from 2 nd year onwards)
Up to 80% of credit limit. Maximum limit is Rs.12,000 per day
ICICI Bank Instant Platinum Credit Card 18 Days-48 Days 2.49% per month (29.88% per annum)Joining Fee:Nil
Annual Fee:Nil
2.5% of withdrawn amount or Rs.300

Best Credit Cards for Shopping

Name of Credit Card FeesRewardsOther Benefits
SBI SimplySAVE Card Joining Fee: Rs. 499+ Taxes
Annual Fee: Rs. 499+ Taxes
2,000 bonus reward points on spends of Rs. 2,000 in first 60 days
10x reward points per Rs.100 spent on dining, movies, grocery spends,etc
Fuel surcharge Waiver
Annual fees Reversal
Welcome Offer
Flexipay
Add-on Cards,etc
HDFC Bank Moneyback Credit Card Annual Fee: Rs.5002 reward pointsFor every Rs.150

Redeem your reward points as cashback

Reward points can be redeemed forexciting gifts and airmiles,etc

Zero Fuel Surcharge Waiver
Zero Lost Card Liability
MoneyBack Rewards
Online Spends, etc
HDFC RegaliaAnnual Fee:Rs.2,5004 reward points for every Rs.150 spent from your card
Redeem 1 Reward Point, an equivalent to Re.0.75 for any hotel, any airline & at any time,etc
Complimentary Airport Lounge Access
Exclusive dining privileges
Travel Concierge Services
Comprehensive Protection,etc
HSBC Visa Platinum Credit CardJoining Fee: Nil
AnnualFee:Nil
3x reward points on dining & hotels
2 points per Rs.150 spent
5x rewards after spending Rs.4,00,000 in a year, etc.
Movie Voucher Offer
Fuel Surcharge Waiver
DiningPrivileges
Visa Concierge Services, etc
ICICI Bank Coral Credit Card Joinng Fee: Rs.1,000+ Taxes
Annual Fee: Rs.500 +Taxes (from 2 nd year onwards)
2X Cash rewards on dining, groceries and at supermarkets
4 payback points on every Rs.100 spent on dining, groceries and at supermarkets
2 complimentary domestic airport lounge visits per quarte, etc
Unlimited Cash Rewards
Benefits on Monthly Purchase
Savings on Dining Bills
Airport Lounge Access Privilege
Fuel Surcharge Wavier,etc
Must Read  Benefits of Increasing Your Credit Card Limit

So, have you got the answer to your question regarding Which credit cards to apply for after demonetization?

Now that you have a long list of credit cards to apply, ensure you choose the best credit cards, meeting all your requirements that you were able to do with cash before the demonetization.
Happy Shopping 🙂

(Updated on:22 November,2016)