Loaded with irresistible benefits, Credit Cards are a gift from heaven if you know how to use them responsibly. Here are 5 Credit Cards that give more than just credit.
People buy Credit Cards for all kinds of reasons. Need of immediate funds maybe the primary reason for most but there are those who prefer the rewards and benefits that they come with. Credit Card companies today are competing and one-upping each other when it comes to rewards to win over more customers.
Getting a Credit Card is one of the easiest ways to build a winning Credit Score. All you need to do is pay your bills on time and in full, as much as possible. Things can, however, go south if you start depending too much on it. Overdependence on your Credit Card and borrowing more than you really need are sure-fire ways to bust the advantages of a Credit Card. Stay away from these practices if you don’t want your Credit Card to become an albatross around the neck.
Moving on, here are 5 best Credit Cards packed with rewards that will give you the best bang for your buck:
Best Credit Card for Accelerated Rewards
SBI Prime
You can redeem rewards from SBI Card Prime in more ways than one. You earn 10 points per Rs. 100 spent on dining, movies, department stores and groceries. On utility payments that come with standing instructions, cardholders can earn 20 points per Rs. 100 spent on them. Joining perks include gift vouchers worth Rs. 3,000 from popular travel, lifestyle, and apparel brands. The card comes with superb flying rewards like complimentary membership of Club Vistara Silver, Trident Privilege Red Tier and Priority Pass Program. 1% fuel surcharge waiver across all petrol pumps and air accident insurance cover of Rs. 50 lakhs are some of the other benefits on this card.
Check your card eligibility here.
Additional reading: Best Of Credit Cards And Personal Loans-February 2018
Best Credit Card for Travel
The Jet Airways American Express Platinum Credit Card
You’re going to need a good credit history to be eligible for this card. Cardholders can earn 16 Jet Privilege Miles per Rs. 150 spent on Jet Airways. Cardholders can earn 10,000 Bonus Jet Privilege Miles and base fare waived on domestic ticket upon joining. Other rewards include complimentary visits to 13 domestic airport lounges at 11 cities in India and complimentary night’s stay at select properties of Oberoi Hotels and Resorts. Although the first year fee of Rs. 5,000 spikes to Rs. 10,000 from the second year onwards, the rewards it offers more than makes up for it.
Check your card eligibility here.
Best Credit Card for Cashback Benefits
SimplySAVE SBI Card
The annual fee of Rs. 499 is waived on minimum spends of Rs. 90,000. The cardholder earns 10 points per Rs. 100 spent on dining, movies, grocery and department stores. Expenses on other categories will also earn them 1 point per Rs. 100 spent. Joining perks include 2,000 bonus points on spending Rs. 2,000 in the first 60 days. Moreover, cardholders can use their reward points to pay the outstanding balance on their card or redeem them against a wide array of gifts.
Check your card eligibility here.
Additional reading: Does Cancelling Credit Cards Affect Your Credit Score?
Best Credit Card With Low Fee But High Benefits
HDFC Bank Regalia Card
Cardholder earns 2,500 reward points upon joining and 4 points per Rs. 150 spent. The first year fee of Rs. 2,500 is waived on spending Rs. 40,000 within the first 90 days of card setup. Other rewards include emergency hospitalisation cover of Rs. 15 lakhs and air accidental death coverage of Rs. 1 crore. Reward points can be redeemed for airline, hotel, and movie bookings on the HDFC Regalia website (1 point=Rs.0.50).
Check your card eligibility here.
Additional reading: 6 Best Credit Cards For Movie Buffs
Best Credit Card with Movie Benefits
Kotak PVR Platinum Credit Card
Cardholders can win 2 free movie tickets at PVR every month on spending Rs. 10,000 and above in the monthly billing cycle. The ticket can be used to book any day and any show across PVR cinemas. Spends amounting to just Rs. 750 can also win cardholders 1 free movie ticket. One can avail discounts of up to Rs.400 per coupon per ticket.
Check your card eligibility here.
Credit Cards with rewards can double up as a regular stream of passive income and benefits that come from making regular purchases. If you’re in good financial standing with an above-average Credit Score, a Rewards Credit Card can help you earn benefits by doing your regular shopping. Just remember to pay off your balances so that interest doesn’t eat up your rewards. Also, remember to choose the right kind of rewards card for your lifestyle.
Whatever may be your lifestyle, we have a Credit Card for all seasons and reasons on BankBazaar!