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Top 10 best credit card in india 2020

best credit card in india
Written by Deepika Gupta

Best credit card in India 2020

A credit card is a simple card that is generally made of plastic that is your best wallet friend when you want to withdraw cash using the ATM. It is mainly used when you go for shopping, traveling or meeting the emergency needs at that time you fulfill you’re needed via card payment.

In addition, the best credit card in India is always linked to its user’s specific bank account with account holder name, IFSC code, Fixed validity time, and CVV number. It gives the facility of withdrawal amount, transfer amount, and VISA option(in some cards).

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These credit cards have some discount offers, reward points, cashback, free movie tickets, free dining restaurants off across India, shopping offers, membership rewards, card anniversary discounts, and many more.

Some cards discussed here are accepted only in India as well as some are accepted across the world. The list we discuss below is updated every month. Some features n these still remain the same and some are changed if necessary.

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Top 10 best credit card in India 2020

There are many cards that are available in India with different key features. Here, we discuss the 10 best credit card in India 2020, which are the following:

  1. American Express Membership Rewards Credit Card
  2. ICICI Coral Credit Card
  3. simply click SBI Card
  4. Citibank Rewards Card
  5. Axis Bank Magnus Credit Card
  6. Standard Chartered Manhattan Platinum Credit Card
  7. HDFC Regalia First Credit Card
  8. HSBC Visa Platinum Card
  9. Yes Prosperity Rewards Plus Credit Card
  10. RBL Credit Card
  1. American Express Membership Rewards Credit Card

American Express Cash Magnet Credit Card Review

The Membership Rewards Credit Card (MRCC) from American Express is the best credit card in India for only those people who want some rewards points with their every mode of transaction. MRCC card giving the facility of spending rewarding for its customers whenever possible. Besides that, you also access Amex Merchant Offers which are profitable for you relatively.

Key Features

  • In this card, you will get approximately 4,000 bonus MR Points as a welcome gift.
  • you will Get 1 Membership Reward point on every transaction of Rs 50.
  • Here, You will also make 5,000 Membership Reward Points in the second year of your card.
  • After completing your first four transactions of Rs 1000 or more than it monthly, you will earn 1000 bonus Membership Reward Points.
  • You can also get 20% off for some best restaurants in India.
  • Annual Fee of American Express Membership Rewards Credit Card is INR 1000 + GST.
  • Renewal Fee of American Express Membership Rewards Credit Card is 4500 + GST.
  1. ICICI Coral Credit Card

ICICI Bank Coral Credit Card | Credit card apply, Credit card ...

ICICI Coral Credit Card is the second-best credit card in India which provides many benefits to the linked customer, and ICICI Amex offers at a very low amount of fee. Here, You can get extra rewards, free movie tickets, discount offers and many more facilities.

 

 

Key Features

  • Using this credit card You can earn up to 10,000 PB points from linked ICICI Bank Rewards from every ICICI anniversary year.
  • You can also Get up to 2 movie tickets monthly when you use the buy one get one offer scheme through Bookmyshow.com.
  • You can also provide a complimentary visit to the domestic airport and railway lounge per quarter.
  • Generally, You can get up to 15% off on dining bills at more than 2,400 restaurants in India.
  • Joining Fee of ICICI Coral Credit Card is Rs 500 + GST.
  • Reward Rate of ICICI Coral Credit Card is 0.5 to 1.25%.
  1. simply click SBI Card

SBI SimplyCLICK Advantage Card - Know More & Apply Now | SBI Card

SimplyClick SBI Card is the third-best credit card in India associated with the SBI branch which can give the facility to save some off with each transaction. It provides multiple types of features with lots of benefits in online shopping.

 

Key Features

  • This Card is generally based on contactless technology.
  • These reward points can be easily converted as e-gift vouchers from some trusted partner stores.
  • This card also gives benefits to petrol pumps while doing online payment.
  • Simplyclick SBI card provides the option to earn 10 times more reward points with shopping at some trusted partner websites and 5 times on another type off online spending websites.
  • The renewal charges are counted as none on this card.
  • This card also provides an easy money scheme by providing a specific bank draft as you want.
  • The main advantage of this card is that it is accepted in India as well as other countries also.
  • Here, You can get the add-on cards facility too for your family members.
  • Joining Fee and an annual fee of simplyclick SBI card is Rs. 499.
  1. Citibank Rewards Card

Citibank Rewards Platinum MasterCard - Citibank Rewards Platinum ...

Citibank Rewards Card is the fourth-best credit card in India for those people who love shopping and traveling. Because this type of card offers many reward points on shopping and traveling that can be redeemed at various trusted partner stores websites.

 

Key Features

  • Annual fees of Citi card can be totally waived off you spend more than Rs. 30000 transactions from your card in a year.
  • It also offers some fuel advantages when your reward points are more than 1200 Indian Oil outlets.
  • These reward points are also valid at various in-store and online shopping websites.
  • It provides you 1500 points if you pay from your cards card within 30 days of purchase.
  • This card provides you 2500 points on the card activation.
  • The reward points gained using the Citi bank will never expire.
  • You can get up to 15% on some restaurants across India.
  • The Joining Fee of Citi bank is also nil but if you spend more than Rs. 30000 in a year, else Rs. 1000.
  1. Axis Bank Magnus Credit Card

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Axis Bank Magnus Credit Card is the fifth-best credit card issued by Axis Bank for which those who love dining, entertainment, shopping, and traveling. The card also offers lounge access and many rewards points.

 

 

Key Features

  • In this card, you will get approximately 4,000 bonus MR Points as a welcome gift.
  • you will Get 1 Membership Reward point on every transaction of Rs 50.
  • Here, You will also make 5,000 Membership Reward Points in the second year of your card.
  • After completing your first four transactions of Rs 1000 or more than it monthly, you will earn 1000 bonus Membership Reward Points.
  • You can also get 20% off for some best restaurants in India.
  • Annual Fee of Axis Bank Magnus Credit Card is INR 1000 + GST.
  • Renewal Fee of Axis Bank Magnus Credit Card is 4500 + GST.
  1. Standard Chartered Manhattan Platinum Credit Card

Standard Chartered Manhattan Credit Card Review 2020

Standard Chartered Manhattan Platinum Credit Card is the sixth-best credit card in India that offers financial products with maximum benefits. The credit cards issued by Standard Chartered which is one of the big brands in India. The annual fee of this card can be exempted if you spent Rs. 60000  in a year and a rebate is offered if you spent Rs. 30000 in a year.

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Key Features

  • This card provides many cashback and rewards points for shopping, dining, and traveling.
  • The card is based on the latest contactless technology.
  • This card gets 5% cashback at the supermarkets.
  • Here, You can also get the add-on cards for your immediate family members.
  • Annual Fee of this card is Rs. 999.
  • Joining Fee of this card is Rs. 499.
  1. HDFC Regalia First Credit Card

HDFC Regalia First Credit Card Reviews - Credit Card India

HDFC Regalia First Credit Card is the seventh-best credit card in India issued by the HDFC branch which is a big name in itself. The renewal fee of this card can be waived off if you spend Rs 100,000 in the preceding year.

 

 

Key Features

  • In this card, you will get 1000 bonus reward points as a welcome gift.
  • The reward points earned using this card are valid for a period of 2 years.
  • This card offers a discount of 15% off for some best restaurants in India. It provides you 4 reward points for every spend of Rs. 150.
  • The card also offers complimentary access to the lounges at domestic as well as international airports.
  • The card provides you an interest-free period of 50 days.
  • HDFC card waived off a 1% convenience fee on all the fuel transactions that come in the range of Rs. 400 to Rs. 5000.
  • Joining Fee of this card is Rs. 1000.
  • Annual Fee of this card is Rs. 1000.
  1. HSBC Visa Platinum Card

Credit Card | Apply for Credit Card Online - HSBC IN

HSBC Visa Platinum Card is the eighth-best credit card in India which is offered by HSBC Bank. This card offers unlimited benefits to customers such as reward points, discounts, cashback, and many more.

 

 

Key Feature

  • Using this card, You can earn 6 reward points on your birthday.
  • This card also gives some discounts on dining under the HSBC Dining Privileges scheme.
  • You will also earn 2 reward points on each transaction of Rs 150.
  • You will earn 5x rewards on all the transactions when you spending a minimum of 400,000 in a year.
  • The main advantage of this card is it doesn’t take any joining and annual fee.
  • Here, you can also provide some additional points from selected partners.
  • It offers you free movie tickets worth Rs 500 when you spending a minimum of Rs 50,000 a month.
  1. Yes Prosperity Rewards Plus Credit Card

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Yes Prosperity Rewards Plus Credit Card is the ninth-best credit card in India offered by Yes Bank. This card is for those people who travel frequently or visit some restaurants in India to get the reward points on spending.

 

 

Key Features

  • The card provides you 1250 bonus reward points if you spent Rs. 5000 within the 30 days.
  • This card can be issued by anyone who belongs to India that is under the age of 21 to 60 years and earning income more than Rs. 25000 per month.
  • You can easily earn 12,000 milestone reward points using this card for up to 3.6 lakh per annum.
  • The card holder’s outstanding amount is also insured for whole life using this card.
  • The card gets up to a 15% discount on selected restaurants in India.
  • The earned reward points using this card can be used at the grocery, supermarkets, shopping, and much more.
  • It gives you a fuel surcharge waived off at all the petrol pumps across India.
  • The annual Fee of the YES card is Rs. 350
  • the renewal fee of the YES card is Rs. 350
  1. RBL Credit Card

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RBL Credit Card is the tenth best card issued by RBL. In this card, You will get 1000 Membership Rewards points on every  5 first transactions (each 1000) a month same as Amex MRCC. You can also earn a reward rate of 5% on the spending of Rs 60,000 annually.

 

Key Features

  • you can also Earn 4,000 Membership Reward points by swiping the card within 60 days.
  • The membership fee of this card for the second year can be waived off by doing a transaction of 1.5 Lac or more in the first year.
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  • You can earn 2X reward points every weekend on the minimum spending of Rs 100.
  • The main disadvantage of this card is that You will get zero liability facility on theft or loss of the card.
  • Joining Fee of this card is Rs 750 + GST.
  • Reward Rate of this card is 05 to 5%.

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Conclusion

After analyzing all about best credit card in India, we reach on the conclusion that always issued those card which gives you membership, reward points, discount and cashback offers. Also, you should be aware of changes or updates that occur in your card specifically. Here, I mentioned all the top 10 best credit cards available in India 2020 with all its key features. So, read the article carefully and make a decision.

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Deepika Gupta

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