Reward credit cards are designed to offer points, miles, or other perks for every rupee spent, making them ideal for those who want to maximize their spending. These rewards can be redeemed for travel, shopping, gift vouchers, or cashback, adding value to your everyday purchases. In this article, we’ll explore the best reward credit cards in India for 2024, highlighting their features, eligibility criteria, reviews, and ratings.
- Criteria for Choosing Reward Credit Cards
- List of Top Reward Credit Cards in India 2024
- HDFC Regalia Credit Card
- SBI Card PRIME
- Axis Bank Magnus Credit Card
- American Express Platinum Travel Credit Card
- ICICI Bank Sapphiro Credit Card
- Citibank PremierMiles Credit Card
- Standard Chartered Manhattan Platinum Credit Card
- Kotak Royale Signature Credit Card
- YES FIRST Preferred Credit Card
- IndusInd Bank Pinnacle Credit Card
- Comparison of Best Reward Credit Cards
- FAQ
Criteria for Choosing Best Reward Credit Cards
When selecting a reward credit card, consider the following factors:
- Reward Points: Look for cards that offer high reward points on categories where you spend the most.
- Redemption Options: Check the flexibility of redeeming points for travel, shopping, or cashback.
- Eligibility Criteria: Ensure you meet the income and credit score requirements for the card.
List of Top Reward Credit Cards in India 2024
| Credit Card | Annual Fee | Reward Points |
|---|---|---|
| HDFC Regalia Credit Card | ₹2,500 | 4 reward points per ₹150 spent on retail transactions |
| SBI Card PRIME | ₹2,999 | 10 reward points per ₹100 on dining, groceries |
| Axis Bank Magnus Credit Card | ₹10,000 | 12 Edge Reward points per ₹200 spent |
| Amex Platinum Travel Credit Card | ₹3,500 | 1 Membership Reward point per ₹50 spent |
| ICICI Bank Sapphiro Credit Card | ₹6,500 | 4 PAYBACK points per ₹100 on international transactions |
| Citibank PremierMiles Credit Card | ₹3,000 | 10 Miles per ₹100 spent on airlines and hotels |
| Standard Chartered Manhattan Platinum Credit Card | ₹999 | 5 reward points per ₹150 spent on groceries |
| Kotak Royale Signature Credit Card | ₹999 | 4x reward points on international spends, 2x on dining |
| YES FIRST Preferred Credit Card | ₹2,500 | 8 reward points per ₹200 spent |
| IndusInd Bank Pinnacle Credit Card | ₹12,999 | 1.5 reward points per ₹100 spent |
HDFC Regalia Credit Card
Benefits:
- Welcome Offer: 2,500 reward points on card activation.
- Reward Points: 4 reward points for every ₹150 spent on retail transactions.
- Additional Perks: Complimentary access to over 1,000 airport lounges worldwide, fuel surcharge waiver, comprehensive travel insurance.
Eligibility:
- Minimum annual income of ₹12 lakh.
Review and Rating:
- Review: The HDFC Regalia Credit Card is a top choice for frequent travelers, offering a robust rewards program and a wide range of travel-related perks. The global lounge access and comprehensive travel insurance make it a well-rounded card.
- Rating: ★★★★☆ (4.6/5)
SBI Card PRIME
Benefits:
- Welcome Offer: e-Gift voucher worth ₹3,000.
- Reward Points: 10 reward points per ₹100 spent on dining, groceries, and departmental stores.
- Additional Perks: Complimentary Priority Pass membership, Trident Privilege Red Tier Membership, milestone rewards.
Eligibility:
- Minimum annual income of ₹6 lakh.
Review and Rating:
- Review: The SBI Card PRIME offers substantial rewards on everyday categories like groceries and dining, making it an excellent choice for daily use. The additional travel and lifestyle benefits enhance its value.
- Rating: ★★★★☆ (4.4/5)
Axis Bank Magnus Credit Card
Benefits:
- Welcome Offer: Complimentary flight vouchers.
- Reward Points: 12 Edge Reward points for every ₹200 spent.
- Additional Perks: Complimentary domestic and international lounge access, luxury hotel discounts, and concierge services.
Eligibility:
- Minimum annual income of ₹18 lakh.
Review and Rating:
- Review: The Axis Bank Magnus Credit Card is geared toward high spenders who value luxury and travel perks. The high reward rate and additional benefits make it a premium choice for affluent individuals.
- Rating: ★★★★☆ (4.7/5)
American Express Platinum Travel Credit Card
Benefits:
- Welcome Offer: 10,000 Membership Rewards Points on spending ₹5,000 within the first 90 days.
- Reward Points: 1 Membership Reward point for every ₹50 spent.
- Additional Perks: Travel vouchers worth ₹7,700 on reaching spending thresholds, complimentary domestic lounge access.
Eligibility:
- Minimum annual income of ₹6 lakh.
Review and Rating:
- Review: This card is an excellent option for frequent travelers who can leverage the Membership Rewards program. The travel vouchers and lounge access provide substantial value for those who travel regularly.
- Rating: ★★★★☆ (4.5/5)
ICICI Bank Sapphiro Credit Card
Benefits:
- Welcome Offer: Travel and lifestyle vouchers.
- Reward Points: 4 PAYBACK points for every ₹100 spent on international transactions.
- Additional Perks: Complimentary access to airport lounges, discounts on car rentals, and golf privileges.
Eligibility:
- Minimum annual income of ₹12 lakh.
Review and Rating:
- Review: The ICICI Bank Sapphiro Credit Card is well-suited for international travelers, offering valuable rewards on global spending and a range of travel-related perks. It’s a strong contender for those who frequently travel abroad.
- Rating: ★★★★☆ (4.4/5)
Citibank PremierMiles Credit Card
Benefits:
- Welcome Offer: 10,000 Miles on spending ₹1,000 within the first 60 days.
- Reward Points: 10 Miles for every ₹100 spent on airlines and hotels.
- Additional Perks: Complimentary airport lounge access, miles never expire, flexible redemption options.
Eligibility:
- Minimum annual income of ₹5 lakh.
Review and Rating:
- Review: A top choice for travelers, the Citibank PremierMiles Credit Card offers generous miles on travel-related spending. The flexibility of mile redemption and complimentary lounge access make it a great travel companion.
- Rating: ★★★★☆ (4.5/5)
Standard Chartered Manhattan Platinum Credit Card
Benefits:
- Welcome Offer: Cashback on first grocery purchase.
- Reward Points: 5 reward points for every ₹150 spent on groceries and departmental stores.
- Additional Perks: 5% cashback on groceries, dining discounts, fuel surcharge waiver.
Eligibility:
- Minimum annual income of ₹6 lakh.
Review and Rating:
- Review: This card is ideal for those who frequently shop for groceries and household items, offering strong rewards and cashback in these categories. The fuel surcharge waiver and dining discounts add to its appeal for everyday use.
- Rating: ★★★★☆ (4.3/5)
Kotak Royale Signature Credit Card
Benefits:
- Welcome Offer: Bonus reward points on activation.
- Reward Points: 4x reward points on international spends and 2x on dining.
- Additional Perks: Fuel surcharge waiver, milestone rewards, lounge access.
Eligibility:
- Minimum annual income of ₹8 lakh.
Review and Rating:
- Review: The Kotak Royale Signature Credit Card offers a strong rewards program, particularly for international and dining spends. The milestone rewards and additional perks make it a solid choice for frequent spenders.
- Rating: ★★★★☆ (4.2/5)
YES FIRST Preferred Credit Card
Benefits:
- Welcome Offer: 10,000 reward points on first transaction.
- Reward Points: 8 reward points per ₹200 spent.
- Additional Perks: Complimentary lounge access, golf privileges, concierge services.
Eligibility:
- Minimum annual income of ₹10 lakh.
Review and Rating:
- Review: The YES FIRST Preferred Credit Card is packed with rewards and lifestyle benefits, including lounge access and golf privileges. It’s an excellent card for those who value luxury and convenience.
- Rating: ★★★★☆ (4.3/5)
IndusInd Bank Pinnacle Credit Card
Benefits:
- Welcome Offer: Luxury brand vouchers.
- Reward Points: 1.5 reward points for every ₹100 spent.
- Additional Perks: Complimentary lounge access, golf privileges, travel insurance.
Eligibility:
- Minimum annual income of ₹10 lakh.
Review and Rating:
- Review: The IndusInd Bank Pinnacle Credit Card is a premium offering that provides luxury rewards and travel benefits. The combination of reward points, lounge access, and insurance makes it a top-tier card for affluent users.
- Rating: ★★★★☆ (4.5/5)
FAQ
What is a reward credit card?
A reward credit card offers points, miles, or other benefits for every rupee you spend. These rewards can be redeemed for travel, shopping, gift vouchers, or even cashback, providing added value to your everyday spending.
How do I choose the best reward credit cards?
When choosing a reward credit card, consider your spending habits and the types of rewards you value most. Look for cards that offer high rewards in categories where you spend the most, and check the flexibility of redeeming these rewards.
Can I combine reward points from multiple credit cards?
Generally, reward points cannot be combined across different credit card issuers. However, some banks may allow you to consolidate points from multiple cards under the same issuer into a single rewards account.
Do reward points expire?
The expiration of reward points varies by card issuer. Some cards, like the Citibank PremierMiles Credit Card, offer points that never expire, while others may have a validity period. Always check the terms and conditions.
How do I redeem my reward points?
Reward points can typically be redeemed through the card issuer’s online rewards portal. You can choose to redeem them for travel, shopping, gift vouchers, or other options depending on your card’s rewards program.
What is the minimum income required to apply for a reward credit card?
The minimum income requirement varies by card. For example, the HDFC Regalia Credit Card requires an annual income of ₹12 lakh, while other cards may have different criteria.
