Credit cards can be judged based on their fee structure, transaction flexibility and perks. In India, all the major banks issue credit cards to their consumers either free of cost or at a nominal fee. Consumers are drawn towards these cards because of the sizable discounts they bring into online shopping and booking air tickets.
People are careful about paying EMIs on time to keep their credit score in a good shape for a future credit card application. Let us now find out which are the best credit cards for reward points in 2021.
Bajaj Finserv RBL Bank SuperCard
Putting aside myriad benefits this card offers, this 4-in-1 card is truly an innovator in the credit card space. Acting as an ATM card, loan card, EMI card, and a credit card, the Bajaj Finserv credit card is unique, and offers features that are unprecedented. Talking about the rewards, cardholders get 20,000 reward points as a welcoming gift, while they can also enjoy 5% cashback on the down payment they make at any of Bajaj Finserv EMI Network partner stores. This unique card also offers more than Rs. 55,000 in annual savings and accelerated benefits, which is truly remarkable.
Axis Bank Ace Credit card
Available for a nominal fee of INR 499, this card is one of the most popular options among young millennials. The reason for this universal acceptance is this card’s compatibility with e-commerce sites/apps like Grofers or BigBasket. The Axis Bank Ace Credit card offers a 5% cashback on purchases made through Google Pay.
The extra 4% discount on food delivery apps like Swiggy feels sweet each time you place an order. For air travel, the card offers four free lounge passes and a 1% off on fuel surcharge.
Amazon Pay ICICI Credit Card
As is clear from the name, this free card is a merger between the retail giant and the banking great. The credit card benefits include a 5% additional discount for Prime members and 3% for others on a purchase on the Amazon site. There is also an excellent no-cost EMI option for products costing over INR 3000. To be eligible for the offer, the repayment period should not be more than six months. Across all the petrol pumps, the card offers a flat 1% off. To top it all, there are reward points for bill payments and additional cashback added as Amazon Pay Balance.
HDFC Regalia Credit Card
This card is a bit expensive at INR 2500 and is aimed at high-end patrons (minimum income INR 70,000 per month). New users get a complimentary Zomato Gold membership on a purchase of INR 75,000 and above within the first 90 days. The card offers 12 free complimentary domestic lounge passes, and 12 free complimentary international lounge passes each year. The luxury gets a notch higher with priority dining facilities and seamless concierge hiring during travels. Additionally, there are accident and hospitalisation covers, fuel surcharge waiver and up to 70% redemption of fares through reward points.
YES FIRST Preferred Credit Card
At INR 2499, the YES FIRST ranks among the most expensive credit cards. Compared to its HDFC counterpart, it requires a much higher monthly salary (INR 150,000) for eligibility. There is an instant reward of 10,000 reward points on claiming the card, which stabilises at 7500 points per renewal.
One reward point equals INR 0.25, which makes the monetary conversion look substantial. The card also offers a flat 25% off on BookMyShow movie tickets. To add to the perks, there are complimentary insurance covers, waivers on foreign exchange, priority pass for foreign visits (up to 4 per year), and more!These were our picks among the best credit cards for 2021. Choose the ones that offer discounts in the spaces you frequent, and make the most of the credit cards, and the rewards they bestow on you.