Wondering which card suits your income and lifestyle best? Read on and find out right away!
The Credit Card, once an instrument only reserved for high income earners, is now abundantly available to individuals from all income sectors. This permeation has brought about a variety of Credit Cards, each designed to meet the needs of a certain segment.
Yes, banks have understood the pulse of each section of society and now offer rewards and discounts based on these segments, so whatever your income group is, we’re sure you’ll find this article to be a worthwhile read.
Ready? Let’s take a look at a few ideal Credit Card choices for each income group.
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20,000 – 40,000
If you’re fresh out of your undergraduate course and just landed a job, you probably earn somewhere near the lower limit of this income range. But don’t let your humble salary fool you. There are a lot of great Credit Cards you can consider. Here are a couple of great ones!
The FBB SBI Styleup Credit Card
This card gives you 2.5% value back on all spends at Big Bazaar, FBB and Food Bazaar stores. What’s more? You can tank up your bike or car and get a 1% fuel surcharge waiver every time you fill fuel anywhere between Rs. 500 to Rs. 3,000.
But that’s not all. This card supports contactless transactions. This means you just need to wave your card at a secure reader and be on your way. Cool, right?
Additional Reading: 4 Best Credit Cards For Students
The IRCTC SBI Platinum Card
If you’re someone who regularly commutes to your home town by train, this card can be quite handy. It brings you exclusive travel offers via IRCTC. Another travel benefit of this card is that it can be used to withdraw cash at ATMs across the world. Yes, all over the world!
You also get up to 10% value back as Reward Points on buying train tickets on the IRCTC website for AC1, AC2 and AC CC categories. Oh, did we mention the 1.8% transaction waiver?
Additional Reading: BankBazaar’s 7 Best Credit Card Tips For 2018
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50,000
One of the really cool Credit Cards available to anyone in the 50,000 segment is this gem from Kotak Bank:
Kotak PVR Platinum Credit Card
As you would have already guessed by now, this card is a movie buff’s best friend. Loaded with benefits such as 2 FREE PVR cinema tickets with a monthly spend of Rs. 10,000 and above, Rs. 400 discount per ticket and any day any show flexibility, this card is basically made for movie lovers everywhere.
If that’s not all, you also get a FREE movie ticket with every Rs. 750 at a PVR Cinema.
Additional Reading: Credit Card Chronicles – A Look Back
IndusInd Bank Platinum Aura Edge Credit Card
The USP of this card lies in its flexibility to let you choose the reward plan to suit your lifestyle. You can earn up to 4x reward points on select merchant categories. The card also brings you exciting vouchers from Raymonds, United Colors of Benetton and Marks & Spencers as welcome gifts.
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75,000
At this stage, we’re pretty sure you want to feel elite, and that’s exactly why these cards are ideal.
SBI Card Elite
Since many a customer under this income range are frequent flyers, this card is designed to cater to those needs. When you choose the SBI Card ELITE, you’re entitled to 6 complimentary visits a year to international airport lounges outside India. What’s more? You also enjoy 8 complimentary visits a year to domestic airport lounges.
Throw in a whole bunch of gift vouchers and reward points and you are certainly getting bang for your buck.
Air India SBI Signature Card
This Credit Card offers a complimentary Air India Frequent Flyer Programme – Flying Returns membership. What’s more? You earn 30 points with every Rs. 100 you spend on Air India tickets, and before you ask, yes, this card also comes with airport lounge access.
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85,000
Jet Airways IndusInd Bank Voyage American Express Card
You can enjoy a 5% discount on the base fare of any domestic or international ticket booked on the Jet Airways or JetKonnect website. Of course, as the owner of this sought-after card, you can breeze through airport lounges without worry; it’s all complimentary.
Additionally, this card also gives you 1+1 offers with BookMyShow and Sathyam Cinemas.
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1 lakh
HDFC Bank Regalia Card
This rockstar of a card is a legend in its own right. You get 2,500 Reward Points as a joining perk for starters, and it only gets better from there. The highlights of this card include an air accidental death coverage of Rs. 1 crore and emergency overseas hospitalisation cover of Rs. 15 lakhs. Besides this, you can expect premium concierge services and lounge access.
The Credit Cards mentioned here are just some of the awesome cards you can apply for right away. Want to search for more options?