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 Card | Fee & Charges | Rewards | Other Benefits |
|---|---|---|---|
| HSBC Visa Platinum Card | Joining 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 Card | Joining 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 Card | Joining 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 Card | Joining 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 |
Best Interest Free Credit Cards
| Name of Credit Card | Interest Free Credit Period | Rate of Interest | Fees | ATM Cashwithdrawal Fee |
|---|---|---|---|---|
| HSBC Visa Platinum Card | Up to 52 days | 18% to 24% per annum | Joining Fee:Nil Annual Fee:Nil | 3.3% per month |
| HDFC Solitare Credit Card | Up 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 Card | Up to 50 days | 3.25% 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 days | 3.35% 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 | Fees | Rewards | Other 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.500 | 2 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 Regalia | Annual Fee:Rs.2,500 | 4 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 Card | Joining 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 |
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)