Best Credit Cards in India 2023: Uncover Best Choices

Discover the best credit cards in India for 2023 with WalletWalk! Navigate through a multitude of options, comparing features, rewards, and fees to find a card that fits your lifestyle. Whether you’re looking for a card with excellent cashback rewards, travel benefits, or low-interest rates, our comprehensive guide provides you with up-to-date and accurate information. Start your journey with WalletWalk today, and let us help you make the right financial decision!

Best Cashback Credit Cards

If you’re after flat or percentage-based cashback on your spending, consider these top 5 cashback credit cards:

1. Axis Bank Cashback Credit Card: Offers up to 5% cashback on all spending with no annual fee for the first year.
2. HDFC Bank Regalia Platinum Credit Card: Provides up to 5% cashback on all spending with an annual fee of Rs. 5,000.
3. SBI SimplySave Advantage Credit Card: Delivers up to 5% cashback on all spending with an annual fee of Rs. 499.
4. ICICI Bank Amazon Pay Credit Card: Get up to 3% cashback on all Amazon.in and Flipkart.com spending. Annual fee of Rs. 500.
5. Standard Chartered EaseMyTrip Credit Card: Enjoy up to 2% cashback on all travel spending with an annual fee of Rs. 350.

Best Travel Credit Cards

If you love traveling, these cards offer excellent rewards and benefits redeemable for air miles, hotel stays, or airport lounge access:

1. HDFC Bank Diners Club Black Credit Card: Offers up to 4.3X reward points on air travel and 2X reward points on dining. Annual fee of Rs. 10,000.
2. Axis Bank Vistara Signature Credit Card: Enjoy up to 10X reward points on Vistara flights and 2X reward points on other travel with an annual fee of Rs. 3,000.
3. SBI Air India Signature Credit Card: Get up to 8X reward points on Air India flights and 2X reward points on other travel. Annual fee of Rs. 5,000.
4. Standard Chartered WorldMiles Credit Card: Up to 4X reward points on air travel and 2X reward points on dining. Annual fee of Rs. 2,500.
5. American Express Platinum Travel Credit Card: Up to 4X Membership Rewards points on air travel and 2X Membership Rewards points on dining. Annual fee of Rs. 60,000.

Best Rewards Credit Cards

These cards offer a variety of rewards, such as cashback, reward points, or miles, redeemable for a variety of items or experiences:

1. American Express Membership Rewards Credit Card: Up to 5X Membership Rewards points on flights booked directly with airlines or on Amextravel.com. Annual fee of Rs. 5,000.
2. HDFC Bank Infinia Credit Card: Up to 3.3X reward points on all spending. Annual fee of Rs. 12,500.
3. ICICI Bank Rewards Club Credit Card: Up to 3X reward points on all spending. Annual fee of Rs. 500.
4. SBI Elite Credit Card: Up to 2.5X reward points on all spending. Annual fee of Rs. 4,999.
5. Axis Bank Magnus Credit Card: Up to 2.4X reward points on all spending. Annual fee of Rs. 10,000.

Best Student Credit Cards

These cards are designed specifically for students, offering features like no annual fees, low-interest rates, and travel insurance:

1. Axis Bank Ace Credit Card: No annual fee for the first year and low interest rates.
2. SBI Student Credit Card: Features no annual fee and low interest rates.
3. ICICI Bank Student Credit Card: No annual fee and low interest rates.

Best Fuel Credit Cards

These cards offer cashback or reward points on fuel purchases:

1. SBI BPCL Octane Credit Card: Up to 7.25% cashback on fuel purchases at BPCL petrol pumps. Annual fee of Rs. 1,499.
2. Standard Chartered Super Value Titanium Credit Card: Up to 5% cashback on fuel purchases at all petrol pumps. Annual fee of Rs. 750.
3. HDFC Bharat Cashback Credit Card: Up to 5% cashback on fuel purchases at all petrol pumps. Annual fee of Rs. 500.
4. ICICI Bank FuelPass Credit Card: Up to 4% cashback on fuel purchases at all petrol pumps. Annual fee of Rs. 500.
5. Axis Bank Freedom Credit Card: Up to 3% cashback on fuel purchases at all petrol pumps. Annual fee of Rs. 500.

Best Domestic Lounge Access Credit Cards

These cards offer complimentary access to domestic airport lounges:

1. HDFC Bank Diners Club Black Credit Card: Complimentary access to all domestic airport lounges. Annual fee of Rs. 10,000.
2. ICICI Bank Platinum Credit Card: Complimentary access to all domestic airport lounges. Annual fee of Rs. 4,999.
3. Axis Bank Magnus Credit Card: Complimentary access to all domestic airport lounges. Annual fee of Rs. 10,000.
4. SBI Elite Credit Card: Complimentary access to all domestic airport lounges. Annual fee of Rs. 4,999.
5. Standard Chartered WorldMiles Credit Card: Complimentary access to all domestic airport lounges. Annual fee of Rs. 2,500​.

Best International Lounge Access Credit Cards

These cards offer complimentary access to international airport lounges:

1. HDFC Bank Diners Club Black Credit Card: Complimentary access to over 1,000 airport lounges worldwide. Annual fee of Rs. 10,000.
2. American Express Platinum Travel Credit Card: Complimentary access to over 1,000 airport lounges worldwide. Annual fee of Rs. 60,000.
3. SBI Signature Credit Card: Complimentary access to over 400 airport lounges worldwide. Annual fee of Rs. 5,000.
4. Standard Chartered Visa Infinite Credit Card: Complimentary access to over 600 airport lounges worldwide. Annual fee of Rs. 4,999.
5. ICICI Bank Visa Signature Credit Card: Complimentary access to over 600 airport lounges worldwide. Annual fee of Rs. 4,999.

Best Shopping Credit Cards

These cards offer cashback or reward points on shopping purchases. Here are our top 5 picks:

1. Flipkart Axis Bank Credit Card: This card offers up to 5% cashback on purchases made on Flipkart.com and Myntra.com. It comes with an annual fee of Rs. 500. This is an excellent choice for those who regularly shop on these platforms.
2. Amazon Pay ICICI Credit Card: With this card, you can earn up to 3% cashback on purchases made on Amazon.in and Flipkart.com. It carries an annual fee of Rs. 500. This card is a boon for frequent Amazon and Flipkart shoppers.
3. HDFC Bank Millennia Credit Card: This card provides up to 3% cashback on all online shopping purchases. It has an annual fee of Rs. 5,000. Ideal for those who frequently shop online across various platforms.
4. SBI SimplyCLICK Credit Card: This card offers up to 2% cashback on all online shopping purchases. It comes with a modest annual fee of Rs. 499. This is a great choice for those who love shopping online.
5. ICICI Bank Amazon Pay Credit Card (RUPAY): This card offers up to 3% cashback on Amazon.in and Flipkart.com purchases. The best part? It carries an annual fee of Rs. 0. Perfect for those who are starting out with their first credit card.

Best Dining Credit Cards

These cards offer cashback or reward points on dining purchases. Here are our top 5 picks:

1. EazyDiner IndusInd Bank Credit Card: This card offers up to 4X reward points on dining at restaurants enrolled in the EazyDiner network. It has an annual fee of Rs. 1,999. This card is a top choice for foodies who love exploring new culinary experiences.
2. SBI SimplyCLICK Credit Card: This card provides up to 2X reward points on dining at all restaurants. It carries an annual fee of Rs. 499. This card is a versatile choice for those who love both shopping and dining out.
3. HDFC Diners Club Privilege Credit Card: This card gives up to 2X reward points on dining at all restaurants. It comes with an annual fee of Rs. 2,500. This is a premium choice for those who frequently dine out.
4. RBL Icon Credit Card: With this card, you can earn up to 2X reward points on dining at all restaurants on weekends. It carries an annual fee of Rs. 5,000. This card is ideal for weekend warriors who love their food.
5. ICICI Bank Coral Credit Card: This card offers up to 2X reward points on dining at all restaurants. It has an annual fee of Rs. 499. This is a great choice for those who frequently dine out.

Others

For beginners and entry-level credit card users, the following cards are recommended:

1. Axis Myzone Credit Card: This card offers 40% off on Swiggy, which can lead to substantial savings if you frequently order from this platform. It also occasionally has a lifetime free offer, which was running until March 2023.
2. Amex Membership Rewards Credit Card (MRCC): This card provides bonus points and access to various Amex offers, which could be quite lucrative. If used just for the 1000 MR bonus points monthly, it can easily give a return of more than 5%.
3. SBI Cashback Card: This card offers up to 5% cashback on online spends. Even after recent devaluations, the cashback offer is quite attractive. It has a good max cap of 5,000 INR a month, which equates to 1L monthly spends.

For premium credit cards, if you are interested and meet the income and spending requirements, the following cards are suggested:

1. IDFC First Wealth Card: This card is recommended for those with higher monthly spends who prefer non-travel rewards like statement credit or Amazon/Flipkart vouchers. It also offers domestic and international airport lounge access and domestic airport spas.
2. Amex Gold Charge: This card offers a higher credit limit and rewards on fuel/utility spends. It’s best used along with Amex MRCC for the 24K gold redemption​¹​.

In terms of travel credit cards, if you travel frequently, the following cards are recommended:

1. Amex Platinum Travel: This card offers Taj Vouchers and access to premium airport lounges. The complimentary Taj vouchers can be used to stay at a Taj property every year.
2. Axis Atlas: This card offers a good reward rate and comes with accelerated rewards on Airlines & hotels. It’s useful if you can spend as high as 15L a year​¹​.
3. Axis Vistara Infinite: This card is recommended for those who frequently fly Vistara due to its gold tier benefits. It offers 1 complimentary business class ticket on every ~2.5L spends.

These cards offer a variety of rewards, such as cashback, reward points, or miles, that can be redeemed for a variety of items or experiences. The best card for you will depend on your spending habits and individual needs.

Here are some additional factors to consider when choosing a dining credit card:

Rewards: How much cashback or reward points do you want to earn on dining purchases? Some cards offer higher rewards on dining at specific restaurants or chains, while others offer more general rewards.

Annual fee: How much are you willing to pay in annual fees? Some dining credit cards have no annual fee, while others have annual fees that can be as high as Rs. 5,000.

Other benefits: Some dining credit cards offer other benefits, such as complimentary airport lounge access, travel insurance, or discounts on dining experiences. Consider which benefits are most important to you and choose a card that offers those benefits.

Remember to consider factors such as annual fees, cashback percentage, and the type of reward points before deciding on the best credit card for your needs. Happy shopping and dining in 2023!

FAQs For Best Credit Cards In India