Everything You Wanted To Know About Rewards Credit Cards

By | March 15, 2019

Have you heard about Rewards Credit Cards? No? Stop whatever you are doing and gift yourself this little piece of heaven now! Not sure if they are the right ones for you? Worry not! Here is all the information that you will need. 

Everything You Wanted To Know About Rewards Credit Cards

Rewards Credit Cards are in a league of their own. They don’t just enhance your buying experience; they actually go a step ahead and make your journey worthwhile by filling your wallet with cashback and bonus points every time you make a purchase. With these special cards, you can literally earn millions of points every year.

What’s more fascinating is the fact that these reward points are not just fancy numbers. You can redeem them to buy new stuff at practically zero extra cost.

And, for most people, that works like magic.

For the uninitiated, Rewards Credit Cards fall in either of these categories:

Additional Reading: 5 Popular Credit Cards Of 2019 You Must Have

Accelerated Rewards

This feature gifts you reward points for spending on special categories. For instance, with co-branded fuel Credit Cards, you can earn bonus points for every fuel transaction that you make.

Milestone Rewards

Hit the big milestones to get huge reward points. More than anything else, chasing these milestones has its own perks. Ask anybody who has walked this path and he’ll tell you what it feels like to be a part of this elite club.

Everyday Rewards

This feature allows you to make the most of your daily spends. Be it grocery spends or online shopping, you get to enjoy reward points for every swipe you make.

Additional Reading: Recovering Credit Card Addict | What Not To Do

Who Can Apply?

Rewards Credit Cards are surprisingly easy to get. Just check your eligibility online, upload a few documents, and get it delivered to your doorstep.


The eligibility criteria vary from one card to another. Generally, there are three basic requirements that you need to fulfil.

  • A regular source of income – The lender may ask for your bank statements for the last six months.
  • Age – You need to be at least 18 years of age or older.
  • Credit Score – A Credit Score of 750+ can minimise the chances of rejection.

All set? Let’s take a sneak peek at some of the most exciting Rewards Credit Cards in the market today.

Additional Reading: 6 Credit Cards For Free Lounge Access

HSBC Smart Value Card

This Card comes packed with such jaw-dropping features that it can make your heart skip a beat.

  • Interest rate of 10.99% p.a on EMI products for the first 90 days
  • 10% cashback on all spends for the first 60 days
  • 1+1 offer on BookMyShow once every month

YES Prosperity Reward Plus Card

If you love spending mega-bucks, you are destined to meet this Credit Card.

  • 12,000 bonus points on spends of 3.6 lakhs
  • Lifetime validity of reward points
  • Fuel-surcharge waiver on fuel transactions between 400 and 5,000

Citi Cashback Card

Love cashbacks? You wouldn’t want to spend a minute without this Credit Card.

  • EMI privileges on shopping, consumer electronics
  • 5% cashback on movie ticket purchases, telephone bill payment and utility bill payments
  • 15% off on dining across 2,000 partner restaurants

All set to get your first Rewards Credit Card? Perfect! Here you go.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.

Leave a Reply

Your email address will not be published. Required fields are marked *