As per Statista, India had nearly 62 million credit cards in use at the end of 2021. The numbers are expected to increase, even though its alternatives have increased competition, such as BNPL (Buy Now, Pay Later). The need for a credit card differs from one individual to another. While a customer may look for the best travel credit card, their friend may seek one that offers them the best online shopping offers. So, while looking for the best credit cards in India, you need to understand your financial needs and make a credit card comparison. This article lists the top 10 credit cards in India. 

There are over 35 credit card issuers in India that offer over 100 different types of cards. So, we have curated a list of the best credit cards in India in 2022 based on various categories to make it easier for you. Let’s have a look at them below:

Best for salaried individuals: SBI SimplyCLICK Credit Card

  • Joining fee – INR 499
  • Annual fee- INR 499 (waived on annual spending exceeding INR 90,000)

    Key benefits:
    • Offers INR 2.50 on spending INR 100 for shopping online from its partners
    • Welcome offer of Amazon INR 500 voucher
    • Offers INR 1.50 on INR 100 for online shopping

Best travel credit card: HDFC Regalia Credit Card

  • Joining fee – INR 2,500
  • Annual fee – INR 2,500

    Key benefits:
    • 12 complimentary airport lounge access within India and 6 outside the country
    • Welcome bonus of 2,500 points and earn 4 reward points on every INR 150 spent
    • 2% foreign currency markup on spends

Best premium credit card: HDFC Diners Club Black

  • Joining fee – INR 10,000
  • Annual fee – INR 10,000

    Key benefits:
    • 5 reward points for every INR 150 spent
    • Complimentary vouchers of partner sites for spending over INR 80,000 in a month
    • Annual memberships of Amazon Prime, Times Prime, Club Marriott, Forbes, MMT BLACK, and Zomato Pro

Best free credit card: IDFC FIRST Millenia

  • Joining fee – NIL
  • Annual fee – NIL

    Key benefits: 
    • Interest-free cash withdrawal for 48 days
    • No hidden charges other than a convenience fee on redemption of reward points
    • Up to 10 reward points for every INR 150 spent

Best for beginners: HDFC MoneyBack

  • Joining fee – INR 500
  • Annual fee – INR 500

    Key benefits:
    • 2 reward points for every INR 150 spent offline (double for online)
    • E-voucher of INR 500 for spending INR 5,000 in a quarter
    • 100% fuel surcharge up to INR 250 for every billing cycle

Best zero annual fee credit card: IndusInd Pioneer Legacy

  • Joining fee – INR 45,000
  • Annual fee – NIL

    Key benefits:
    • Up to 3 movie tickets for free every month
    • 1 reward point on every INR 100 spent on weekdays (2 for weekends)
    • 6,000 additional reward points if card spend exceeds INR 6,00,000 in a year

Best credit card for shopping on Amazon: ICICI Bank Amazon Pay

  • Joining fee – NIL
  • Annual fee – NIL

    Key benefits:
    • 5% cashback for Amazon Prime customers on Amazon shopping (3% to non-prime customers)
    • 2% cashback on shopping with Amazon Pay partner merchants
    • 1% cash back on other payments

Best credit card for shopping on Flipkart: Flipkart Axis Bank Credit Card

  • Joining fee – NIL
  • Annual fee – NIL

    Key benefits: 
    • Up to 5% cashback on shopping with Flipkart
    • Flat 1.5% on all online and offline transactions
    • Flat 4% unlimited cashback on transactions with partner sites

Best rewards credit card in India for business: ICICI Business Advantage Black Card

  • Joining fee – INR 1,500
  • Annual fee – INR 1,000

    Key benefits:
    • Up to 1% cash back on eligible spends
    • A minimum of 15% discount on dining bills over INR 2,500 is available under the ICICI Bank Culinary Treats Programme
    • 2 complimentary airport lounge access per quarter

Best overall: Axis Bank ACE Credit Card

  • Joining fee – INR 499
  • Annual fee – INR 499

    Key benefits: 
    • 4 complimentary lounge visits annually at select domestic airports
    • 5% cashback on bill payments and mobile and DTH recharges
    • 20% discount on billing with partner restaurants

Wrap up 

Given the plethora of credit card options, choosing the best credit cards in India becomes difficult. But irrespective of the choice, one thing that sets them apart is that they partner with a capable payment gateway for seamless transactions. At PayU India, we offer easy-to-integrate APIs and SDKs with complete online onboarding for our customers. Click here to learn why you should partner with PayU India. 

FAQs

Which credit card is the best in India?

The best credit card list depends on the user’s needs. These vary from making the most reward points to having the most airport lounge access. So, make a credit card comparison and choose the best that suits your spending habits. 

Is it reasonable to have multiple credit cards?

If you have multiple credit cards, you can spread your expenses to keep credit line utilisation below 30% for each, enabling you to maintain a superior credit score. 

Which bank gives credit cards easily?

Many banks offer instant approval for credit cards in India. The approval process is easier in banks where you have a savings account or FDs. HDFC Bank is known for its quick approval of credit cards upon meeting its standards.

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