Gold Gets Cheaper! Use THESE 5 Best Credit Cards To Cut Your Gold, Silver Jewellery Shopping Bill

Gold has turned more affordable, with prices slipping below Rs 1.45 lakh per 10 grams amid rising crude oil prices and ongoing geopolitical tensions. Back home, this sharp correction has opened a lucrative window for retail jewellery buyers and investors who had stayed on the sidelines after gold hit record highs in January.

Gold is more than a safe-haven investment for Indians, as the precious metal holds immense cultural as well as emotional value. Buying gold is considered auspicious on occasions like Diwali, Dhanteras, Navratri, etc.

Domestic 24 karat gold rate in India fell by Rs 2,940 per 10 gram to Rs 1,45,970 on Saturday, March 21, as per Goodreturns data. As the recent gold price dip may encourage many to head to jewellery shops to purchase long-awaited gold and silver jewellery items, here are 5 credit cards that can help maximise savings.

5 Best Credit Cards in India For Gold, Silver Jewellery Shopping

SBI Titan Credit Card

The credit card comes with a joining fee of Rs 2,999 and an annual renewal fee of Rs 2,999. The card offers exclusive benefits on shopping from Titan stores. Credit card users will get 12,000 reward points worth Rs 3,000 on payment of annual fees. As per the SBI Card website, users can get 3% value back as gift vouchers on spends at Tanishq. Additionally, they can get 5% cashback on jewellery spending at Mia, Caratlane and Zoya. However, these benefits come with a quarterly cap.

Users can also get exclusive 7.5% cashback on Titan on spending money at World of Titan, Taneiria, Titan, Sonata, Helios, Skinn, and Irth.

HDFC Infinia Credit Card

These credit card users may not get any significant cashback or discount on jewellery purchases from specific stores. But they can redeem upto 70% of their reward points on Apple products and Tanishq vouchers using reward points. The card comes with a joining fee of Rs 12,500 and an annual fee of Rs 12,500.

HDFC Tata Neu Infinity Credit Card

The credit card offers up to 5% reward points on purchases at Tanishq, Caratlane, Mia by Tanishq, Titan, Tata Cliq, Westside, and multiple other outlets. The credit card comes with zero joining fee and an annual renewal fee of Rs 1499.

HDFC Tata Neu Plus Credit Card

The credit card also comes with a zero joining fee, and a lesser annual fee of Rs 499. It offers up to 2% reward points on purchases at Tanishq, Caratlane, Mia by Tanishq, Titan, Tata Cliq, Westside, BigBasket, Croma, Air India and multiple other platforms.

American Express Gold Credit Card

Credit card offers related to jewellery shopping are constantly revised for American Express Gold credit card users. As on March 21, they can get up to a flat 10% instant discount on Diamond stone value, 10%* instant discount on Platinum Jewellery collection and 20% off on value addition for Gold Jewellery at participating GRT Jewellers stores.

Additionally, they can get a flat Rs 6000 instant discount and a flat 25% off on making charges at Joyalukkas. American Express Gold credit card users can also get up to Rs 60,000 off on a minimum transaction of Rs 75,000 at Kalyan Jewellers. The credit card comes with a joining fee of Rs 1,000 and an annual fee of Rs 4,500.

Readers must note that these offers on credit cards may be subject to certain terms and conditions.