When you go for a credit card, the first thing that comes to mind is rewards points. Certain credit cards provide a 5X rewards rate, while others go above and beyond by offering an impressive 10X rewards points. 24hr Loan picks the top 6 credit cards offering exceptional rewards points.
You will get the rewards when booking plane tickets, online shopping, and hotel booking. These will save you money in the form of rewards.
List of 6 Best Rewards Credit Cards in India
SBI Elite Credit Card
Joining Fee: Rs. 4,999
Annual Fee: Rs. 4,999
Premium Features
- Get a welcome gift with an SBI Elite Card of Rs. 5,000
- Available up to 50,000 reward points per year
- Free movie ticket of Rs. 6,000 at zero cost
- Online 10% discount on hotel booking
- Spend Rs. 3 lakh to Rs. 4 lakh per year to get 10,000 rewards
- Get 15,000 rewards if you cross Rs. 8 lakh per year
- Avail 2 free complimentary Domestic Lounge Access every quarter
- Enjoy 1000 global lounge access.
- Unlock 2 reward points of Rs. 100 spends
Axis Ace Credit card
Joining Fee: Rs. 499
Annual Fee: Rs. 499
Premium Features
- 5% cashback on your utility bill & mobile recharge
- Enjoy 4% cashback on Swiggy, Zomato & Ola
- 2% cashback available on all other purchase
- Get 4 complimentary Domestic Lounge Access every year that is totally free
- Save annual card charges if you lavish Rs. 2 lakh or more yearly
- Instant convert purchase amount to EMI if the amount is Rs. 2,500
SBI Cashback Credit Card
Joining Fee: Rs. 999
Annual Fee: Rs. 999
Premium Features
- Earn 5% cashback on all your online purchases
- Receive 1% cashback on your offline transaction
- Avail 4 free domestic lounge access yearly
- Unlock 1% cashback on electricity bills, EMI payments, and rent payments
- Cut off annual fee if you spent Rs. 2 lakh yearly
- The add-on charge is zero
- Receive a fuel charge waiver of 1% on spending between Rs. 500 to Rs. 3,000.
Yes Bank Premia Credit card
Joining Fee: Rs. 999
Annual Fee: Rs. 999
Premium Features
- Avail 3 rewards on Rs. 200 spent over the retail shop
- Get 6 rewards of Rs. 200 on dining and grocery
- Unlock a discount of 25% on Bookmyshow
- Take 1 golf lesson that is complimentary every month
- 2 complimentary domestic lounge access per quarter
- 3 complimentary international lounge access using a priority pass
- Benefit of Rs. 1 Crore flight accident death cover insurance
- Get Rs. 30 lakh medical emergency cover
- The annual fee will be zero if you spend Rs. 1.5 lakh on the year
HDFC MoneyBack credit card
Joining Fee: Rs. 500
Annual Fee: Rs. 500
Premium Features
- Instant 4 rewards point on Rs. 150 online spent
- Avail Rs. 500 cash points as a welcome gift
- Unlock 1% fuel waiver up to Rs. 250 monthly
- Cut off annual charge if you spend Rs. 50,000 in the first year
- No benefits are available on domestic & international lounge access
ICICI Business Advantage Black card
Joining Fee: Rs. 1,500
Annual Fee: Rs. 1,000 (2nd year)
Premium Features
- Get 1% cashback points per month
- 2 domestic lounge access is free per quarter
- Save 5% on your dining spend
- Avail 48 days interest-free period
- First-year zero renewal charge waiver
- Get Rs. 75 lakh death accident cover on air
- Available Rs. 5 lakh non-air death accident cover
- Get medical insurance cover of Rs. 1 lakh
- Fuel surcharge waiver of 1% available
Frequently Asked Questions
What is the meaning of reward credit cards?
Those credit cards offer exceptional reward points on spending through a card that’s reward credit cards. These types of cards provide extra cashback points compared to the normal credit card.
What are the best rewards point’s credit cards?
Individuals may choose credit cards based on rewards points like SBI Elite Card, HDFC MoneyBack credit card, Axis Ace Credit card, Yes Bank Premia Credit card, etc.
What is the eligibility required to apply for credit cards?
The salaried person with a minimum of Rs. 20,000 per month salary and the business owner with a minimum of Rs. 4.5 lakh ITR files are applicable for a credit card. Also, a decent credit score should be required.
What to know before applying for a credit card?
Whenever choosing a credit card, you should be aware of joining & annual fees, rewards points, interest-free periods, add-on charges, etc.