Best Credit Cards Available In India In 2022

Updated: Sunday, November 20, 2022, 0:04 [IST]

A wide variety of credit cards offering benefits around various categories such as shopping, travel, cashback etc are available in the market making it a little difficult to choose among them. Here is a list of best credit cards with their benefits and charges.

What is a credit card?

A credit card is a facility provided by banks that allows customers to borrow credit up to a predetermined credit limit. The credit borrowed can be used for making payment on the purchase of goods and services.

Sbi Elite credit card-

SBI Elite credit card is one of the best premium credit cards with all round benefits.

Benefits

E- gift voucher worth Rs 5000
A year of free movie tickets worth Rs. 6,000 in the form of Rs. 250 vouchers
10,000 bonus reward points on annual spends of Rs. 3 Lakh and Rs. 4 Lakh
5X reward points on purchases made at grocery, dining, and department stores
Priority Pass membership is complimentary, with six complimentary international airport lounge visits per year and two complimentary domestic.

Fees and charges

Annual fee- 4999 per annum
Renewal fee- 4999 per annum

HDFC regalia credit card-

This is one of the best HDFC credit cards, especially if you want all-around benefits. It offers travel and shopping benefits.

Benefits

Every calendar year, 12 complimentary domestic airport lounge visits are provided.
Priority Pass provides up to six international lounge visits per year for self and add-on members. Membership
Every Rs. 150 spent on all retail purchases, including utility bills, insurance, education, and rent, earns you 4 Reward Points.
10,000 Reward Points for spending Rs. 5 Lakh on the card, plus an additional 5,000 points for spending Rs. 8 Lakh on flight and hotel bookings, vouchers, gifts and products, and so on.

Fees and Charges-

Joining Fee: Rs. 2,500
Renewal Fee: Rs. 2,500

HDFC Millennia credit card

HDFC Millennia is a cashback card that gives cardholders cashback on almost all transactions with complimentary lounge access.

Benefits

Amazon, Flipkart, Myntra, Swiggy, Zomato, Tata CliQ, Sony LIV, BookMyShow, Cult.fit, and Uber all offer 5% cashback.
1% cashback on all other purchases (except fuel)
On spending Rs. 1 lakh in a quarter, you will receive a Rs. 1,000 gift voucher.
8 complimentary lounge visits per year, limited to two visits per quarter
On payment of the joining fee, you will receive 1000 cash points as a welcome bonus.
1 Cashpoint is equal to 1 Rupee

Fees and charges

Joining Fee: Rs. 1,000
Annual Fee: Rs. 1,000

HDFC Diners club privilege-

The HDFC Diners Club Privilege card is one of the best all-around cards, offering benefits in shopping, travel, rewards, golf, and premium lifestyle.

Benefits

Amazon Prime, Zomato Pro, MMT Black, Times Prime Smart, and Big Basket Star memberships are available when you spend Rs. 75,000 within 90 days of receiving your card.
12 airport lounge access to over 1000 lounges around the world
Two free golf games per quarter (both domestic and international)
1.99% foreign currency conversion fee
Annual membership benefits are renewed for free if you spend Rs. 5 lakh in a year.
1% fuel convenience fee waiver at all Indian petrol pumps

Fees and Charges

Joining Fee: Rs. 2,500
Annual Fee: Rs. 2,500

Axis bank Ace Credit Card-

Axis Ace is the best cashback credit card in India, with the highest universal cashback rate of 2%.

Benefits

Google Pay offers 5% cashback on bill payments and mobile recharges.
Cashback of 4% on Swiggy, Zomato, and Ola
2% cashback on all other purchases
There is no maximum cashback limit on the number of complimentary lounge visits earned per calendar year.

Fees and charges

The joining fee is Rs. 499.
Renewal Charge: Rs. 499

Flipkart Axis Bank Credit Card-

One of the best cashback credit cards in India is the Flipkart Axis Bank Credit Card. Users will receive up to 5% cashback on purchases made on Flipkart, Myntra, and other partner websites, as well as 1.5% flat cashback on all other purchases. This is the market's second-highest flat cashback rate, trailing only the Axis Bank Ace Card, which offers 2% cashback.

Benefits

Get a Rs.500 Flipkart voucher on your first purchase.
Myntra is offering a 15% cashback up to Rs. 500 on your first transaction.
New Swiggy customers can get a 50% discount up to Rs. 100 on their first transaction by using the code "AXISFKNEW."
Every year, four complimentary domestic lounge visits are provided.
1% fuel surcharge exemption for transactions between Rs. 400 and Rs. 4,000 (maximum waiver of Rs. 500 in a month)
Up to 20% off at over 4,000 partner restaurants

Fees and charges-