Rewards Credit Cards in India

Types of Rewards Credit Cards in India

Some of the common Reward Credit cards types that are available are as follows:

1. Travel Rewards Credit Cards
2. Dining/Shopping Rewards Credit Cards
3. Entertainment Rewards Credit Card

Benefits of Rewards Credit Cards

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

1. Rewards on every transaction: You can earn reward points on most of the transactions done with your credit card. Only a few transactions such as gold, fuel, cash advances, fees and charges are not eligible for reward points. A minimum amount should be spent on each transaction to become eligible for reward points. The same points, after reaching a cut off, can be redeemed for rewards and other gifts from the bank's rewards catalogue.

1. Accelerated rewards: Not only can cardholders earn reward points for minimum spends, but also earn accelerated reward points on selected categories of spends. The categories eligible for accelerated reward points differ from one card to another and are mostly based on the credit card type. In co-branded credit cards, more rewards points will be offered on purchases related to credit card partner's product or services. For instance, a co-branded fuel credit card will offer more reward points on fuel transactions compared to regular transactions.

1. Milestone rewards: For reaching certain milestones with respect to credit card transactions or spends, the bank will offer a bundle of reward points as a milestone bonus. Cardholders can earn a huge lot of reward points by achieving such milestones.

1. Exciting rewards: After accruing a certain number of reward points, cardholders will be eligible to redeem the same for various categories of products listed in the company's rewards catalogue. Each bank has its own rewards catalogue that features products including electronics, home appliances, apparels, etc. Some cards will also provide an option to redeem rewards points for cash against the outstanding on the card.

Features and Benefits of Top Rewards Credit Cards

Yes Bank Finbooster Credit Card

Key Highlights: This co-branded credit card is a life-time free card that comes with accelerated reward points and complimentary credit strong report.

Joining Fee: Nil

Annual Fee: Nil

Features and Benefits:

1. Offers insurance coverage of Rs.1.5 lakh in case of accidental death of primary cardholder
2. On transaction between Rs.400 to Rs.5000 at all fuel station across India cardholders can avail 1.00% fuel surcharge waiver
3. Dinning at selected restaurants would offer 15% if transaction made using this Yes Bank Finbooster Credit Card
4. Offers 5X reward points on spending Rs.200 on online dinning
5. Offers 3X reward points on spending Rs.200 on online grocery or apparel purchases
6. On spending Rs.200 on other retail purchase cardholders will earn two reward points
7. The card also provides contactless transaction, instant EMI, etc.

RBL Bank Savemax Credit Card

Key Highlights: A lifetime free card that makes your daily spending more enjoyable by offering reward points on grocery spending.

Joining Fee: Nil

Annual Fee: Nil

Features and Benefits:

1. Provides 5X reward points on grocery spendings
2. Offers one reward point every time cardholder spends Rs.100 on Savemax credit card
3. On spending Rs.100 every month on both Zomato and BookMyShow customers can earn 10% cashback
4. Reward redemption fee of Rs.99 plus GST applicable on available rewards earned on RBL Savemax credit card

HSBC Platinum Credit Card

Key Highlights: This life-time free credit card offers exclusive privileges, rewards, and unsurpassed offers.

Joining Fee: Nil

Annual Fee: Nil

Features and Benefits:

1. On InterMiles, British Airways and Singapore Airlines offers air miles conversion
2. Offers annual savings of up to Rs.3000 on fuel surcharge
3. After crossing spend amount of Rs.4 lakh, 5X reward points can be earned
4. accelerated reward points of maximum 15,000 can be earned on anniversary year
5. Voucher ofnRs.500 offered as welcome privileges on transactions of a minimum Rs.5000 made within 30 days of card issuance
6. Ensures emergency card replacement, zero liability assurance on lost card, insurance benefits, and other benefits
7. Offers 15% discount on Lifestyle, Electronics and Luxury Categories purchased using this card from TataCLiQ
8. Up to Rs.250 buy one get one free offer on movie tickets purchased from BookMyShow on Saturdays

SimplyCLICK SBI Credit Card

Key Highlights:

1. Get log in gifts worth Rs.500 on paying your annual fee.
2. Earn 10x reward points on your online spends.
3. On spending Rs.1 lakh and Rs.2 lakh respectively, earn e-vouchers worth Rs.2,000.
4. Contactless method to swipe your card for making purchases.

Joining Fee: Rs.499

Annual Fee: Rs.499

Features and Benefits:

1. The SimplyCLICK SBI Card grants access to over 24 million outlets worldwide, including 325,000 outlets within India.
2. Expand your family's financial reach by providing add-on cards to your parents, spouse, children, or siblings aged 18 and above.
3. Access cash withdrawals from over 1 million Visa or MasterCard ATMs globally.
4. Conveniently settle your electricity, telephone, mobile, and other utility bills using the Easy Bill Pay feature on your SimplyCLICK SBI Card.
5. Move your outstanding balances from other credit cards to your SimplyCLICK SBI Card and enjoy a lower interest rate, making repayment more manageable.
6. Convert any purchase of Rs. 2,500 or more into easy monthly installments (EMIs) using Flexipay. Simply log in to your SBI Card account within 30 days of the purchase to activate this option.

SBI Prime Credit Card

Key Highlights: The card comes with a welcome gift worth Rs.3000 and ensures safe online transaction, contactless transaction along with various other benefits.

Joining Fee: Rs.2,999 + GST

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

Features and Benefits:

1. On purchase made at Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com, cardholders get gift voucher worth Rs.3000
2. On ever Rs.100 spent on dinning, groceries, departmental store, and movies, 10X reward points will be offered
3. E-voucher from Pizza Hut worth Rs.1000 will be offered on spending Rs.50,000 per calendar quarter

Standard Chartered Rewards Credit Card

Key Highlights: This card comes with numerous benefits and offers multiple benefits as per spendings.

Joining Fee: Nil

Annual Fee: Rs.1000 + GST

Features and Benefits:

1. On spending above Rs.20,000 on monthly retails, the card offers additional 4X rewards
2. Offers domestic lounge access per calendar quarter
3. Offers 4x reward points per Rs.150 on all Retail spends other than government, fuel, and insurance categories
4. On spending Rs.150 on Government and Insurance categories cardholders will earn 1x reward points
5. Fuel surcharge waiver of 1.00% on fuel spends
6. Offers contactless transaction, supplementary credit card, secures online transaction through OTP verification, balance transfer, etc.

IDFC First Classic Credit Card

Key Highlights:

1. Earn 10 times the Reward Points on additional spending exceeding Rs.20,000 per month and on purchases made on your birthday.
2. Get 6 times the Reward Points on online purchases and 3 times the Reward Points on offline purchases for spending up to Rs.20,000 per month.
3. Enjoy unlimited Reward Points that do not expire. Redeem your Reward Points instantly to make payments for online or in-store purchases.

Joining Fee: Nil

Annual Fee: Nil

Features and Benefits:

1. Receive a welcome voucher worth Rs.500 when you spend Rs.5,000 or more within 30 days of card generation.
2. Get 5% cashback (up to Rs.1,000) on the transaction value of the first EMI done within 30 days of card generation.
3. Avail a 25% discount on movie tickets, up to Rs.100, on the Paytm mobile app (valid once per month).
4. Enjoy 4 complimentary Railway lounge visits per quarter.
5. Benefit from complimentary Roadside Assistance worth Rs.1,399.
6. Get a fuel surcharge waiver of 1%, at all fuel stations across India, up to Rs.200 per month applicable only on transaction values between Rs.200 and Rs.5,000.
7. Access 300+ merchant offers throughout the year, with up to a 20% discount at 1,500+ restaurants and up to a 15% discount at 3,000+ Health & Wellness outlets.
8. Receive a Personal Accident Cover of Rs.2 lakh and Lost Card Liability Cover of Rs.25,000.
9. Convert all transactions above Rs.2,500 into easy and convenient EMIs from your mobile app.
10. Enjoy instant EMI conversion for all online transactions above Rs.2,500 on the bank’s OTP page.

AU Zenith Credit Card

Key Highlights:

1. Membership of luxury hotels.
2. Complimentary access to lounges.
3. Extended warranty and free insurance on the purchase of mobile and electronic items.
4. Lower mark-up fee of 1.99%.
5. Earn reward points on every spend.

Joining Fee: Nil

Annual Fee: Rs.7,999 + GST

Features and Benefits:

1. Earn 20 Reward Points per Rs.100 on retail spends at standalone restaurants.
2. Get 10 Reward Points per Rs.100 on retail spends for International transactions, Grocery, and Departmental stores.
3. Receive 5 Reward Points per Rs.100 on retail spends across other merchant categories.
4. Gain 1 Reward Point per Rs.100 on retail spends for BBPS and Utility & Telecom categories.

HDFC Bank Diners Club Black Card

Key Highlights:

1. Enjoy annual membership of Forbes, Club Marriot, Amazon Prime, Swiggy, and MMT Black.
2. Earn 5 reward points for every Rs.150 spent.
3. Earn up to 10X Reward Points through SmartBuy and enjoy 2X points on weekend dining. Enjoy complimentary Golf games at premier courses worldwide (6 per quarter).

Joining Fee: Rs.10,000

Annual Fee: Rs.10,000

Features and Benefits:

1. Enjoy travel benefits with access to booking flight tickets and hotels from over 150 airlines and a wide selection of domestic and international hotels at https://offers.smartbuy.hdfcbank.com/diners.
2. Indulge in dining privileges with 2X rewards on weekend dining.
3. Benefit from an interest-free credit period of up to 50 days on your HDFC Bank Diners Club Black Credit Card, starting from the date of purchase (subject to merchant charge submission).
4. Receive credit liability cover of up to Rs.9 lakh.
5. Experience seamless transactions with a 2% foreign currency markup on all international spends, billed on subsequent statements within 60 days from the date of visit.
6. Avail of revolving credit facilities at a nominal interest rate.
7. Enjoy unlimited access to airport lounges, with over 1000 lounges available in India and worldwide for both primary and add-on card members.
8. Get a 1% fuel surcharge waiver at all fuel stations across India.
9. Unlock complimentary annual memberships to Club Marriott, Forbes, Amazon Prime, Swiggy One (3 months), and MMT BLACK by achieving an annual spend of Rs 8 Lakhs at the time of card anniversary.
10. Additionally, HDFC Bank Diners Club Black Credit Cardholders can choose any two benefits among cult.fit Live 1-month membership, BookMyShow vouchers, TataCLiQ vouchers, or Ola cabs vouchers worth Rs. 500 every month upon reaching spends of Rs. 80,000.

Eligibility To Apply For Rewards Credit Cards

The following are the eligibility criteria for applying for rewards credit cards:

Check Eligibility for Rewards Credit Cards Online

You can use the BankBazaar website and check your eligibility for your desired rewards credit card.

1. Just visit bankbazaar.com and decide on the card that you want to apply for.
2. Click the 'Check Eligibility' button placed next to it and answer the set of questions that appear.

Documents Required to Apply for Rewards Credit Cards

The exact list of documents depends on the issuer of the card and it also varies from card to card. However, there are certain documents which are common to most of the cards.

These common documents have been listed below. In addition to these, the bank may also ask for additional documents when you apply for the card.

How to Apply for Rewards Credit Cards?

BankBazaar is an official partner for some of the cards listed above. You can apply for these cards directly from the BankBazaar website. It also saves your precious time by allowing you to upload the documents in a fast and safe way.

Some of the other prominent advantages of applying for credit cards on BankBazaar are a chance to check your credit score for free, instant eligibility check for the card, instant approval for eligible individuals, free gift, and rapid processing of your application.

To apply on BankBazaar, do the following:

1. Click the 'Check Eligibility' button next to your desired card.
2. Next, verify your eligibility for the card by answering the questions that you are asked.
3. As you are now redirected to the application page of the card, enter the information asked for and click 'Submit'.
4. Upload the documents and select 'Submit'.

You will receive your Application ID on successfully submitting the application and the documents. Use this ID to track your application by visiting ' Track Application '.

To apply for the non-partner credit cards, you need to visit the bank's official website for credit card application.

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