Best Credit Cards in India 2022: An easy way to think about a credit card is a type of temporary loan or a short term loan that can be used to buy, pay off debts or depending on the card, withdraw cash. Most major credit cards — including Mastercard, Visa, Discover and American Express — are issued by banks, credit unions, or other financial institutions.
There are many credit cards available on the market, and finding the best ones can be little confused. Here Best Credit Cards in India 2022 that offer reward points or incentives when you make a purchase. However, Examine your spending habits and see if this type of card might work for you. If so, choose the card that suits you best. For example, some best credit cards in India allow you to apply for rewards at other clothing stores or shopping malls and some offers exciting and rewarding offers for entertainment and other lifestyle purchases.
Credit Cards – Interest on Credit Cards
When you buy or sell something using a credit card, you can spend that money without interest for 40-50 days. This period is also called the credit period. The loan amount is available to you without interest. The grace period is the additional time given by the bank to repay your loan without interest. In the long run, we will reap great benefits for you, the credit card holders.
Here is a selected list of the best credit cards in India 2022 for both salaried and businessperson that will help you find the perfect travel partner to buy.
Best Credit Card Companies in India 2021 for both Salariedperson and Businessperson
RBL Bank Shoprite Credit Card
Get reward point on spending Rs.100 (excluding fuel cost).
20 reward points for every Rs 100 spent on groceries.
2,000 points reward as welcome benefit.
If you spend Rs.100 on fuel, you will get 10 reward points
10% discount on movie tickets at BookMyShow.
Flipkart Axis Bank Credit Card
Earn 1,000 Bonus Points as welcome bonus.
Flipkart Axis Bank Credit Card offers 5% refund on purchases from Myntra and Flipkart.
5% refund on transaction of other merchants.
It provides lounge visits in airports per calendar year.
Axis Bank Ace Credit Card
Axis Bank Ace Credit Card offers 5% less refund on your purchases on BigBasket & Grofers, 4 percent on Swiggy, Zomato & Ola, 2% less all other refunds.
It also offers Google Pay discount and 5% refund on billing payments.
The annual fee of this credit card is Rs 499.
Citibank Rewards Card
Earn 1,000 Bonus Points for spending Rs 1,000 in the first 60 days of card issuance.
1% of fuel charges will be deducted from approved Indian Oil Corporation stores.
Earn 1,500 Reward Points for the first transaction on a Citibank Rewards credit card within 30 days of card issuance.
4 times extra reward points for Amazon, Flipkart and Myntra waste. Effective August 15, 2021
4,800+ worth of benefits in the first year. This may vary depending on the type of expense you have.
30,000 or more bonus points per month if you spend Rs.300. Reward points are uncertain
ICICI Amazon Pay Credit Card
The Amazon Pay credit card offers ICICI Prime members 5% refund when they buy Amazon, 3% Amazon refund for non-Prime members,
100 percent for Amazon partner merchants, and 1 percent for other payments.
This is a lifetime free credit card.
HDFC Millennia Credit Card
HDFC Millennia Credit Card offers 5% refund on purchases from Amazon and Flipkart,
5% refund on flight and hotel bookings via SmartBuy and PayZapp.
1% refund for offline costs – internet and wallet reloads.
The annual fee on this credit card is Rs 1,000
Basically, a credit card is an unsecured loan. This means that unlike a secure loan, payable by a bank / financial institution against a security such as property, for example, a credit card is issued without any collateral.Therefore, this is suitable for those with low or no credit history, unusual income or low credit scores.
