• American Express Bank
  • ICICI Bank
  • RBL
  • State Bank of India/SBI
  • Standard Chartered Bank
  • HDFC Bank

Credit Card

Quotes from 11 banks | Best Offers & Rewards

Let’s find the best Credit Card for you!

Professional Details

About Credit Cards

On a cool Sunday evening last week, you accompanied your girlfriend to a shopping mall after watching a noon show in the theatre. She chose a gorgeous looking gown for herself. But when you put your hand into the wallet, you were left with inadequate cash, leaving her red-faced. You, therefore, had to face the barrage of her anger. However, it would have been all smiles if you had a credit card at that time. It would have not only let you buy the gown she was looking for but other products as well. Even when you face any medical emergency, credit cards will become handy. Therefore, a credit card can be defined as a small plastic money with immense purchasing power. It is issued by a bank which gives the holder an option to purchase goods and services on credit. Many people prefer plastic money over cash just because credit cards come with a plenty of unmatched features and privileges.They have now become the part and parcel of everyone's life from letting one dine at restaurants to booking their favourite international flight ticket.

Best Credit Cards in India

Credit CardsReward Points & Other OffersFees & Charges
SimplySave SBI Card
  • Spend ₹2000 in first 60 days and get 2000 bonus reward points
  • 10x reward points per ₹100 spend on dining, movies, grocery and departmental stores
  • Spend ₹90,000 or above and get annual fee reversal
  • 1% fuel surcharge waiver for transactions between ₹500-₹3,000 across all petrol pumps
  • One time Annual Fee - ₹499
  • Renewal Fee - ₹499
HDFC Moneyback card
  • On a spend of ₹150, 2 reward points are available
  • Earn 2X reward points on online spends
  • Get a fuel surcharge waiver of upto ₹500 per billing cycle
  • Zero Lost Card Liability post the reporting of card loss
Annual Fee - ₹500
ICICI Instant Platinum Credit Card
  • A minimum 15% savings on dining at over 800 restaurants via Culinary Treats Program
  • A discount of upto ₹100 on upto 2 movie tickets in a month
  • Reward points earned can be redeemed for cash
  • Earn 2 PAYBACK reward points on every ₹100 spend on all purchases excluding fuel
  • Joining Fee & Annual Fee - NIL
  • Supplementary Card Fee - NIL
Standard Chartered Platinum credit card
  • 5x rewards at leading hotels, dining outlets and more
  • Earn 1 reward point for every ₹150 you spend on all other categories
  • Enjoy a host of unrivalled offers on holidays, golfing retreats, movie tickets, dining and more
  • 5x rewards on fuel spends in India
  • Get 5x reward points for every ₹100 spent at hotels
  • Joining Fee - NIL
  • Annual Fee - ₹399 (First Year)
  • Annual Fee - ₹750 (Second Year Onward)
The American Express Gold Card
  • 1 membership reward points for every1 spend of ₹50 except on insurance, fuel, utilities and cash transactions
  • 4,000 Bonus Membership Rewards® Points, to be awarded on using the card 3 times within the first 60 days of Card membership, upon payment of annual fee.
  • 1,000 Bonus Membership Rewards Points for simply using your Card 6 times on transactions of ₹1,000 and above every month.
  • Benefits on your travel bookings with MakeMyTrip2
  • Enjoy greater flexibility in spending with "no pre-set" limit2
  • Redeem from the fabulous 18 carat and 24 carat Gold Collection.
  • Enjoy up to 20% off every time you dine at select restaurant partners.
  • 2 supplementary gold cards at no extra cost
  • Round-the-clock card-related assistance services
  • Emergency Card Replacement Facility Available

Footnotes

  1. 1. With effect from 20th October 2014, you will no longer earn Membership Rewards Points on your American Express Card for all your spending on fuel, insurance and utility (electricity, water and gas bills) payments. Fuel includes petrol, diesel, CNG from Oil Marketing Companies (OMCs). Utility services include providers of household/domestic electricity, gas and water. These providers can be government departments and agencies including local, state, municipal organizations, public housing societies and apartment associations.

    Telecommunications includes providers of landline phones, mobile phones, internet services, cable and other pay TV services, and calling cards. Fuel includes petrol, diesel, CNG from Oil Marketing Companies (OMCs). Other utility services include providers of household/domestic electricity, gas and water. These providers can be government departments and agencies including local, state, municipal organizations; public housing societies and apartment associations.

    2. MakeMyTrip.com Offer Terms and Conditions apply

  • Joining Fee - ₹1,000+Applicable GST
  • Annual Fee - ₹4,500+Applicable GST
Citibank Cashback Credit Card
  • 5% cashback on all movie ticket purchases
  • 5% cashback on all utility bill payments paid through Citibank online bill pay
  • 5% cashback on all telephone bill payments
  • Cashbacks on above limited to ₹100 per month
  • Up to 15% savings across participating restaurants
  • 0.5% cashback on all other spends
  • Simple redemption policy
  • Get redemption in multiple of ₹500
  • Get your cash back conveniently and automatically as statement credit
  • Multiple repayment options
  • Joining Fee - As Applicable by bank from time to time
  • Annual Fee - ₹500

Note - The 18% Goods and Services Tax (GST)can also be charged on the annual and joining fees of the credit cards. The tax can also apply to the revolving credit, which arises due to default or delay in the payment of the dues.

Benefits of Credit Cards

  • Banks offer a welcome gift to new applicants once the card is issued to them. This gift can be in the form of bonus points, gift vouchers, discounts, etc.
  • All credit cards have a reward program, which would allow you to earn reward points on various transactions made via the card.
  • You can become the beneficiary of fuel surcharge waiver on your fuel transactions of specific amount each month
  • There are certain credit cards that offer cashback benefits to the customers. The amount of cashback depends on the card provider.
  • Cardholders can also enjoy various lifestyle benefits on their credit cards. Lifestyle benefits include dining, shopping, golf, wellness, entertainment, etc.
  • Some credit cards offer fantastic travel benefits to the customers, including air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc. Air Miles, JP Miles and others can be redeemed to avail flight tickets and other travel benefits. Example of these cards are Jet Privilege HDFC Bank World, Jet Privilege Platinum etc.
  • Complimentary lounge access awaits with credit cards as well. This offer does vary from one bank to another. Some banks put a limit on the number of visits, while others allow access only to Indian airport lounges.
  • Many banks allow their credit cardholders to apply for complimentary add-on cards for their immediate family members like mother, father, sister and brother.

Credit Cards Balance Transfer

While using your existing credit card, there can be temptations to transfer the balance to a card offered at a lower interest rate. You can request for credit card balance transfer at the bank branch or give a call to the customer care number of the concerned bank. The bank, where you intend to transfer the outstanding balance of your existing bank's credit card, will check your credit score and the pattern of your repayment before okaying the transaction. You may be given an interest-free credit period of 20-50 days.

How to Choose the Best Credit Card?

When it comes to selecting the best credit card, it is something which is not everyone’s cup of tea. You need to do a thorough research and should be a keen observer so as to pick the best card. However, there are some important things that you need to keep in kind while choosing the card. Compare different cards on the parameters mentioned below to get the card which is just perfect for you.

  • Fees/Charges
  • Cash backs
  • Rewards
  • Latest Offers on Travel, Dining, Shopping, Entertainment, etc
  • Fuel Surcharge Waiver
  • Accidental Cover
  • Credit Free Period

How to Apply for a Credit Card Online at Wishfin?

After all the basic information such as features & benefits, eligibility criteria and documentation, you can now apply for the credit card online at Wishfin, a credit and investment portal that displays the offers of best-in-class financial products offered by several players in the space. So, when you visit the portal, you could screen through a myriad of lucrative credit card deals and apply for the one you want the most. Upon applying, the Wishfin executives would be right behind you. They will take your case forward and ensure a hassle-free card application approval

You can also visit the nearest bank branch to fill the application form, which would ask you to state necessary personal, occupational and income details, etc. Subsequently, you should submit the form at the branch along with your recent photographs and other documents. But then, it could be a lengthy process. So, the choice is yours, whether to go online or stay in a long queue of bank branches to apply for a credit card.

Credit Card Eligibility

The eligibility criteria for credit cards differ based on the cards you are applying for and the banks providing it.

  • You should be atleast 18 years of age to be eligible to apply for a credit card.
  • Most banks offer credit card up to the age of 65 years.
  • If the applicant is salaried, then annual salary must be atleast 2 lakhs and if self employed, earning must be atleast 1.5 lakhs

Documents required to apply for credit cards

  • You must have at least 1 passport sized photograph.
  • Passport, PAN Card, Ration Card, Adhar Card, Voter's ID Card, Driving License can be submitted as ID Proof
  • Address proof like Passport, Rent Agreement, Telephone Bill, Ration card, Electricity bill, Aadhar card has to be submitted
  • Applicant should possess PAN Card, Form 16 and Income Tax Returns Statement.
  • Recent salary slips/certificate for last 3 months/latest bank statement indicating salary credited for minimum 3 months

How Can You Check Credit Card Status at Wishfin?

After applying for a credit card at Wishfin, the next concern would most probably be the state of your application. The dedicated team will keep updating you on your application status. It would be a great pleasure for the team to announce the card approval. And even if your application is found to have certain discrepancies, you would be intimated by the executives here. They will suggest you the necessary steps and on following these, the application will get accepted. 

You Can Now Check Your CIBIL Score at Wishfin

As you would know that a credit history is one of the vital factors influencing a lender to approve or disapprove a credit card application. Being aware of the history is always handy. Your creditworthiness is greatly determined by the score that CIBIL, a credit rating agency, prepares for individuals. Now you can check that score at Wishfin. Normally, a score of 750 and above is considered good for a credit card. 

Credit Card Bill Payment

Paying credit card bills on time is one good habit you should embrace and say others to follow. It makes your case stronger when you are in need of a loan in the future. The timely payments ensure a strong credit history and make lenders consider your case seriously. Thus, you should go online and pay the bills on time without having to deal with the hassles of visiting the bank branch to do the same. You can subscribe to Internet Banking, if not having the same, to register the card bill to your account. You can either set an 'Auto Pay' or choose to make payment online. With the former, the bills will get paid automatically on or before the due date. But in each of the two situations, you will get an SMS and e-mail alert from the concerned bank regarding the bill. You can also pay the dues by debit cards of the same or another bank.