Credit Cards are one of the most misunderstood financial instruments in existence. They have an almost mythical aura around them, which leads to many people afraid of dealing with Credit Cards. There is a common misunderstanding that is – owning a Credit Card would lead to the person having to spend more than the amount he was supposed to. But nothing could be farther from the truth – if used carefully, Credit Cards are one of the most useful financial tools one can avail.
Let us read more about the Best Credit Cards in India available in the market. Given below are some of the most luxurious ones available, in no particular order:
- IndusInd Signature Legend Credit Card
There are two variants of this card available, with a joining fee of Rs. 10,000 and Rs. 25,000. You can use the card for both contact less payments and the standard swiping card payments too. As a bonus when you join, you will get three fully paid one-way domestic tickets to use at your perusal, including a 100% discount in the base fare and the fuel charge in Jet Airways. Along with this amazing flying offer, you also get to use the Genesis luxury vouchers. This card comes with a ‘Total Protect’ feature, which ensures complete protection against any fraudulent transactions. Another amazing perk is that you can accumulate points according to the usage of the card. Rs. 100 spent on a weekday equates to one point, and the points double if the money is spent on the weekend.
- HDFC Bank Diners Club Black Card
This much-heralded card has a joining fee of Rs. 10,000, but you get to enjoy a total of 10,000 points as a joining bonus. You are also entitled to receive 10 times the reward points for international spending, and the card also comes with unlimited lounge access in airports, golf games and an insurance cover for travellers. You can also spend the reward points for air miles across a select few airlines, including the British Airways Executive Club, Jet Airways and Club Vistara. One reward point in the card equates to one air mile for the user. Other perks of the card include an air accident cover of upto Rs. 2 Crores and medical expenses cover for emergencies of upto Rs. 50 Lakhs.
- SBI Card Elite
This is one of the many SBI Credit Card types and one of the most popular among users too. The membership fee for the card is Rs. 5,000 annually and you get access to two complimentary movie tickets per month. Milestone benefits are also attainable, with 50,000 points equating to Rs. 12,500. Apart from that, just like any other SBI Credit Card types, this one also has many perks available like two complimentary domestic airport lounge visit per quarter, a complimentary Club Vistara Silver Membership, Trident Privilege Red Tier Membership and the Lowest Foreign Currency Mark-up Charge of around 1.99%.
- American Express Platinum Reserve Credit Card
This is considered one of the most sought-after Credit Cards in India. The membership fee is Rs. 5,000 for the first year, and Rs. 10,000 from the second year onwards. This card is a great addition for people who frequently travel since it has a lot of air travel benefits and accommodation benefits. As a cardholder, you can accumulate a point for every Rs. 50 spent, and this can be as much as 20 points per Rs. 50 depending upon the place where it is spent. Apart from this, you also gain awesome benefits while using websites like Make My Trip, and when booking accommodation at preferred hotels like Taj, Oberoi and other luxurious hotels. You also gain access to the American Express Lounges in the nation and special health benefits at a number of hospital chains. There is also a dedicated concierge service available according to your requirements.
- SCB Ultimate Credit Card
This card, made available by the Standard Chartered Bank is also one of the best available in the nation. The annual fee for the card is Rs. 5,000, and it offers a lot of travel and dining privileges. Every Rs. 150 spent on the card gives you 5 reward points, which can be redeemed at various apparel brands, gift stores and restaurants at a rate of Re. 1 per point. There is a full-time concierge service available, along with access to over 150 golf courses around the world – these are only a few of the many benefits which can be availed by using the card.
- ICICI Bank Jet Airways Sapphiro Credit Card
This card is mainly meant for those who fly often and offers a lot of benefits in the field of travel. There is a welcome bonus of 10,000 JP Miles, which can be available once the joining fee of Rs. 5,000 is paid. Complimentary lounge access at airports, complimentary waiving off of the Jet Airways Economy Class base fare and a 5% discount on all air tickets booked through Jet Airways official website are some of the many benefits available through the card. You also get a Dragon Pass membership, which enables you to peruse 2 international airport lounge visits and complimentary spa sessions at some airports.
- Citi Premier Miles Credit Card
The annual charge for this card is Rs. 3,000, and the users get a bonus of 10,000 miles hours if they spend Rs. 10,000 within 60 days of getting the card. With every renewal, an additional 3,000 miles are added to the card too. One of the main advantages of the card is that the accumulated miles on the card do not expire, which means that you can redeem at over 100 domestic and international airlines.
If you want to learn more about these credit cards and how to obtain one, you should check their website today!