There are a number of credit cards available in India that offer various kinds of benefits but choosing the right one can help cardholders save money.
Every credit card company has a rewards program to offer benefits to customers in the form of reward points earned on spends and redeemable in various ways.
Here are 5 credit cards with the best reward point systems.
Standard Chartered Platinum Rewards card, good option for first timers
Standard Chartered Platinum Rewards Credit Cardis one of the best and affordable credit cards for rewards.
There is no joining or annual fee. Cardholders receive 1,000 reward points if they transact within 60 days of approval.
They earn 5x points for every Rs. 150 spent on dining/hotels/fuel (1 point for other transactions). The accumulated points can be redeemed against vouchers, products, and services.
SBI SimplyCLICK Advantage Credit Card for shopping lovers
SBI SimplyCLICK Advantage Credit Card is the best option for those who love to shop online.
There’s an annual fee of Rs. 499. Customers receive Rs. 500-worth Amazon gift card as a welcome gift.
Cardholders earn 1 reward point for every Rs. 100 spent. For online transactions on Amazon, Cleartrip, Foodpanda, Lenskart, BookMyShow, UrbanClap, customers earn 10x points (5x points for other online spends).
About the YES FIRST Preferred Credit Card
YES FIRST Preferred Credit Card is great for exclusive privileges and rewards with an annual fee of Rs. 2,500.
It offers 15,000 reward points for first transaction done within 90 days and 10,000 points for renewal.
Cardholders earn 8 points for every Rs. 100 spent (1 point = 25p). Points are redeemable against catalog products, flight/hotel/movie ticket booking, or JPMiles (4 points = 1JPMile).
HDFC Diners ClubMiles Credit Card for travelers, online shoppers
With an annual fee of Rs. 1,000, HDFC Diners ClubMiles Credit Card is a great option to earn rewards.
Customers earn 4 reward points for every Rs. 150 spent and enjoy 1,000 points joining/renewing benefit.
Points are redeemable on exclusive Reward Redemption Catalogue or for leading international and domestic airline and hotel bookings at www.hdfcbankdinersclub.in (1 reward point = Re. 0.50 or 1 AirMile).
With Citi Rewards Credit Card, redeem rewards in various ways
With an annual fee of Rs. 1,000, Citi Rewards Credit Card is another popular option for rewards. Customers receive 2,500 points on card activation.
Cardholders earn 1 point for every Rs. 125 spent; 10x points for spends on apparel, department stores, and select partners.
With lifetime validity, these points are redeemable for fuel, online/offline shopping, AirMiles, cashback, vouchers, etc. (1 point = Re. 0.25-0.35).