Review of the Best Indian Credit Cards in 2024: Unlocking Rewards and Benefits
When it comes to managing personal finances, credit cards can offer immense flexibility. Whether it’s increasing your purchasing power, enjoying exclusive offers, or earning rewards, a good credit card can change the way you handle your expenses. However, with so many options available, finding the best Indian credit cards for 2024 can be tricky.
In this article, I will share my insights on the top credit cards in India, focusing on their features, benefits, and how they fit different lifestyles. From travel rewards to cashback options, this review will help you make an informed decision.
Why Choose a Credit Card in India?
Choosing the right credit card is more than just having access to extra money. It’s about enjoying perks like discounts on dining, travel, and shopping, while earning points for every rupee spent. A well-suited credit card can:
- Boost your financial flexibility
- Offer rewards like cashback, airline miles, or points
- Provide extra security with fraud protection and zero-liability policies
- Help manage cash flow by splitting large payments into EMIs
- Build or improve your credit score
Now, let’s take a closer look at some of the best credit cards in India for 2024, with a focus on their unique advantages.
1. American Express® Platinum Reserve Credit Card
The American Express Platinum Reserve is a premium card, designed for individuals who love luxury and exclusivity. It offers an incredible blend of rewards, lifestyle benefits, and travel privileges.
Key Features:
- Welcome Bonus: 11,000 Membership Rewards Points on spending ₹30,000 within the first 90 days
- Annual Fee: ₹10,000 (plus taxes)
- Airport Lounge Access: Complimentary visits to lounges across India
- Travel Benefits: Special privileges at Taj, SeleQtions, and Vivanta Hotels
- Platinum Concierge: Access to a dedicated concierge service for all your lifestyle needs
Benefits:
- Membership Rewards: Earn points on every purchase, redeemable for travel, shopping, and more
- Exclusive Dining Offers: Special discounts at premium restaurants across India
- Zero Liability: In case of card loss, you are protected from fraudulent charges if reported within three days
This card is ideal for people who travel frequently and want to enjoy luxury benefits. The annual fee is on the higher side, but if you frequently utilize travel and dining offers, it pays off.
Pros:
- Exclusive privileges and services
- Excellent travel rewards
- High membership reward points
Cons:
- High annual fee
- Limited accessibility compared to Visa or MasterCard
2. HDFC Bank Regalia Credit Card
The HDFC Regalia Credit Card is one of the most popular premium credit cards in India. It is known for offering a balanced range of travel, dining, and lifestyle benefits.
Key Features:
- Welcome Bonus: 2,500 reward points upon activation
- Annual Fee: ₹2,500 (plus taxes)
- Airport Lounge Access: Domestic and international lounge access
- Travel Insurance: Complimentary travel insurance cover
- Fuel Surcharge Waiver: 1% on fuel purchases
Benefits:
- Reward Points: Earn 4 reward points for every ₹150 spent
- Dining Offers: Enjoy discounts at partner restaurants
- Low Foreign Currency Markup: Only 2% on international transactions
The HDFC Regalia is perfect for frequent travelers, as it combines great rewards with comprehensive travel insurance and lounge access.
Pros:
- Excellent reward system
- Complimentary travel insurance
- Multiple travel and dining offers
Cons:
- Redemption process for rewards can be slow
- Higher foreign transaction charges compared to some cards
3. SBI SimplyCLICK Credit Card
The SBI SimplyCLICK Credit Card is designed for online shoppers. With great rewards on online purchases, this card is perfect for anyone who enjoys the convenience of shopping from the comfort of their home.
Key Features:
- Welcome Bonus: ₹500 Amazon voucher
- Annual Fee: ₹499 (plus taxes)
- Reward Points: 10x reward points on online shopping
- Exclusive Partners: Special offers on platforms like Amazon, BookMyShow, Cleartrip, and more
Benefits:
- Online Shopping Benefits: Earn extra points when shopping with partner brands
- Annual Fee Waiver: Waived off if annual spending exceeds ₹1,00,000
- Fuel Surcharge Waiver: 1% on fuel purchases
This card is tailored for digital natives who frequently shop online. The low annual fee and the impressive rewards on online purchases make it one of the best options for online spenders.
Pros:
- High rewards for online shopping
- Low annual fee
- Simple fee waiver conditions
Cons:
- Limited offline benefits
- Less suited for travelers
4. ICICI Bank Coral Credit Card
The ICICI Coral Credit Card is a budget-friendly option with a good mix of rewards and benefits. It offers savings on dining, movies, and more.
Key Features:
- Welcome Bonus: N/A
- Annual Fee: ₹500 (plus taxes)
- Dining Discounts: Up to 15% at partner restaurants
- Movie Offers: Buy one get one free on movie tickets at BookMyShow
- Fuel Surcharge Waiver: 1% on fuel transactions
Benefits:
- Rewards Program: Earn points on every transaction, redeemable for vouchers
- Low Annual Fee: Affordable for beginners and those looking for a no-frills card
- Entertainment Perks: Enjoy discounts on movie tickets and dining
If you’re looking for a simple card with no complex terms, the ICICI Coral is a great entry-level option. It provides value for money with its rewards and entertainment offers.
Pros:
- Affordable annual fee
- Discounts on dining and movies
- Simple rewards program
Cons:
- Limited travel benefits
- No welcome bonus
5. Axis Bank Select Credit Card
The Axis Bank Select Credit Card is a good all-rounder for people seeking travel, lifestyle, and dining benefits. It has a generous rewards program and comprehensive travel benefits.
Key Features:
- Welcome Bonus: ₹2,000 voucher
- Annual Fee: ₹3,000 (plus taxes)
- Lounge Access: Complimentary lounge access at airports
- Insurance Cover: Free insurance for travel and purchase protection
- Reward Points: 10 reward points for every ₹200 spent
Benefits:
- Travel Benefits: Free access to airport lounges and insurance coverage
- Shopping Offers: Discounts at partner stores and online platforms
- Zero Liability: Fraud protection on lost card
This card is best for people who want a balanced mix of rewards for shopping, travel, and dining. It’s affordable compared to other premium cards but still offers high-value perks.
Pros:
- Well-rounded rewards and benefits
- Free lounge access
- Low annual fee compared to premium cards
Cons:
- Limited partner brands for rewards
- Fewer premium benefits
Comparison Table: Best Indian Credit Cards for 2024
| Credit Card | Annual Fee (₹) | Welcome Bonus | Best For | Lounge Access | Rewards & Offers |
|---|---|---|---|---|---|
| American Express Platinum Reserve | 10,000 | 11,000 Membership Rewards Points | Luxury Travel & Lifestyle | Yes | Dining, Shopping, Travel |
| HDFC Regalia | 2,500 | 2,500 Reward Points | Travel & Lifestyle | Yes | Travel Insurance, Dining, Fuel Waiver |
| SBI SimplyCLICK | 499 | ₹500 Amazon Voucher | Online Shopping | No | Online Shopping, Fuel Waiver |
| ICICI Coral | 500 | N/A | Dining & Entertainment | No | Dining Discounts, Movie Offers |
| Axis Bank Select | 3,000 | ₹2,000 Voucher | Travel & Shopping | Yes | Lounge Access, Insurance, Rewards |
Key Takeaways
- American Express Platinum Reserve: Best for those who seek luxury travel and premium services.
- HDFC Regalia: Ideal for frequent travelers looking for well-rounded benefits.
- SBI SimplyCLICK: Perfect for online shoppers with an affordable annual fee.
- ICICI Coral: Great for beginners looking for a budget-friendly option with dining and entertainment perks.
- Axis Bank Select: Offers a good mix of shopping and travel rewards with low annual fees.
FAQ
1. Which credit card is best for travel in India?
The American Express Platinum Reserve and HDFC Regalia offer the best travel perks, including lounge access and travel insurance.
2. Are rewards credit cards worth it?
Yes, rewards credit cards are worth it if you frequently use your card for purchases. You can earn points, cashback, or miles which can be redeemed for exciting offers.
3. What is the easiest credit card to get approved for in India?
The ICICI Coral Credit Card and SBI SimplyCLICK Credit Card have lower eligibility requirements, making them easier to get approved.
4. Do all credit cards offer zero-liability protection?
Many cards, especially premium ones like American Express, offer zero-liability protection for fraudulent transactions if you report them within
