Top 5 Best Rewards Credit Cards

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Top 5 Best Rewards Credit Cards in India

Rewards credit cards provide exceptional value with their reward points programs and flexible redemption options, helping you save on everyday purchases. By spending on categories like online shopping, travel, and dining, you can accumulate points quickly.

Top 5 Best Rewards Credit Cards in India
Top 5 Best Rewards Credit Cards in India1920×1080 143 KB

This guide explores the Top 5 Reward credit cards in India, offering insights into the best choices to maximize your savings and enhance your credit card experience.

5 Best Rewards Credit Cards

Credit Card Variant Joining Fee Annual Fee
RBL Bank Savemax Credit Card Nil Nil
Yes Bank Finbooster Credit Card Nil Nil
HSBC Platinum Credit Card Nil Nil
Standard Chartered Rewards Credit Card Nil Rs.1000 + GST
SBI Prime Credit Card Nil Rs.2,999 + GST

RBL Bank Savemax Credit Card

RBL Bank Savemax Credit Card

  • Joining Fee: Nil

  • Annual Fee: Nil

Features and Benefits

  • Earn 5X reward points on grocery purchases.
  • Receive one reward point for every Rs.100 spent with the Savemax credit card.
  • Get 10% cashback on monthly spends of Rs.100 each on both Zomato and BookMyShow.
  • A reward redemption fee of Rs.99 plus GST applies to rewards redeemed on the RBL Savemax credit card.

Yes Bank Finbooster Credit Card

Linkable to UPI apps it provides secure and efficient transactions for everyday financial flexibility.

Yes Bank Finbooster Credit Card

  • Joining Fee: Nil

  • Annual Fee: Nil

Features and Benefits

  • Provides insurance coverage of Rs.1.5 lakh in case of accidental death of the primary cardholder.
  • Enjoy a 1.00% fuel surcharge waiver on transactions between Rs.400 to Rs.5000 at fuel stations across India.
  • Get a 15% discount on dining at select restaurants when using the Yes Bank Finbooster Credit Card.
  • Earn 5X reward points on Rs.200 spent on online dining.
  • Earn 3X reward points on Rs.200 spent on online grocery and apparel shopping.
  • Earn 2 reward points for every Rs.200 spent on other retail purchases.
  • Other features include contactless transactions, an Instant EMI option, and more.

HSBC Platinum Credit Card

HSBC Platinum Credit Card

  • Joining Fee: Nil

  • Annual Fee: Nil

Features and Benefits

  • On InterMiles, British Airways and Singapore Airlines offers air miles conversion
  • Annual fuel surcharge savings of up to Rs.3,000.
  • Earn 5X reward points after spending Rs.4 lakh.
  • Up to 15,000 accelerated reward points can be earned during the anniversary year.
  • Rs.500 welcome voucher for transactions of Rs.5,000 or more within 30 days of card issuance.
  • Benefits include emergency card replacement, zero liability on lost cards, and insurance coverage.
    • 15% discount on Lifestyle, Electronics, and Luxury categories on TataCLiQ.
  • Buy-one-get-one-free offer up to Rs.250 on movie tickets via BookMyShow on Saturdays.

Standard Chartered Rewards Credit Card

Standard Chartered Rewards Credit Card

  • Joining Fee: Nil

  • Annual Fee: Rs.1000 + GST

Features and Benefits

  • Earn an additional 4X reward points on monthly retail spending above Rs.20,000.
  • Domestic lounge access provides every calendar quarter
  • Earn 4X reward points per Rs.150 on all retail spends, excluding government, fuel, and insurance categories.
  • Earn 1X reward points per Rs.150 on government and insurance category spends.
  • Fuel surcharge waiver of 1.00% on fuel purchases.
  • Features include contactless transactions, supplementary credit cards, secure online transactions with OTP verification, balance transfer and more.

SBI Prime Credit Card

SBI Prime Credit Card

  • Joining Fee: Rs.2,999 + GST

  • Annual Fee: Rs.2,999 + GST (One time)

Features and Benefits

  • Cardholders receive a Rs.3,000 gift voucher on purchases at Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop, and Yatra.com.
  • Earn 10X reward points on every Rs.100 spent on dining, groceries, and departmental stores, and movies.
  • Receive a Rs.1,000 e-voucher from Pizza Hut on spending Rs.50,000 or more in a calendar quarter.

Benefits of Reward Credit Card

Reward points programs available on credit cards vary from one credit card to another. However, there are certain common benefits offered by most of the reward points programs.

Reward on Every Transaction: You can earn reward points on most credit card transactions, with a few exceptions such as gold, fuel, cash advances, fees and charges. To eligible for reward points, a minimum amount must be spent on each transaction. Once a certain threshold is reached, these points can be redeemed for rewards and other gifts available in the bank’s reward catalog.

Accelerated Rewards: Cardholders can earn reward points not only for minimum spends but also for accelerated points on selected spending categories. These categories vary depending on the credit card type. Co-branded card often offer additional rewards for purchases related to the partner’s products or services. For example, fuel card provides more reward points on fuel transactions than on regular purchases.

Milestone Rewards: Upon reaching specific milestones in credit card usage or spending, the bank will offer a bundle of reward points as a milestone bonus. Cardholders can accumulate significant reward points by achieving these milestones.

Exciting Rewards: After accumulating a certain number of reward points, cardholders can redeem them for various products listed in the banks’ reward catalog, which may include electronics, home appliances, apparel and more. Some cards also allow you to redeem points for cash to offset the outstanding balance on the card.

Conclusion

The top 5 best rewards credit cards in India offer significant benefits, including cashback, travel perks, and exclusive rewards. Choosing the right card depends on your spending habits and preferences, ensuring you maximize the rewards and value from each transaction.