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The Best Credit Card Rewards Programs In India 2016

Best Credit Card Rewards Programs In India 2016

India’s Most Rewarding Credit Card Rewards Programs 

CreditSmart.in Improving India's Credit EverydayCredit cards are the most handy, modern, safe, and convenient mediums to make payments. There are different types of credit cards out there each with a rewards program tailored for the user so they can maximize the rewards earned for their spending. Some cards are geared toward travelers, some are meant for shopaholics, and some are great for anyone who drives, giving great rewards on fuel purchases.

In this article, we’ll show you what we think are 3 best credit card rewards programs in India. Well rounded rewards programs with lots of value in return for your spending. Offered by different banks, these credit cards can be used for different things at the same time. So, have a look at the top 3 credit card programs in India.

1. Standard Chartered Inner Circle Platinum Credit Card

Standard Chartered Inner Circle Platinum CardThe Standard Chartered Inner Circle Platinum Credit Card is a great card for shopping at Auchan, Lifestyle, Home Centre, and other related stores.

Benefits:

  • You receive a discount voucher worth Rs. 2,500, when you apply for this credit card
  • You receive up to 6% value back or nine times reward points at all Inner Circle-affiliated and Lifestyle stores
  • You receive cash back of 5% at Auchan Stores
  • Get up to 9 reward points on spending Rs. 100 at Home Centre or Lifestyle
  • Receive 2 reward points per Rs. 100 on all other purchases that you make with this card
  • No annual fees or joining fees; a free card for life
  • You receive exclusive privileges such as special previews and extra sale discounts at Lifestyle stores

Features:

  • You can make your card payments at check collection boxes or online
  • You can redeem your reward points at Lifestyle and affiliated stores
  • With this card, you can shop outside India too, as it is globally accepted
  • You can use this card to buy airline as well as railway tickets
  • The interest rates are 3.1% per month and 37.20% per year. But, if you pay the outstanding balance in the same month, then no interest will be charged

Apply For The SC Inner Circle

2. Standard Chartered Platinum Rewards Credit Card

standard chartered india reviewThe Standard Chartered Platinum Rewards Credit Card is made for people who regularly dine out. You also receive reward points on fuel as well as hotel stays.

Benefits:

  • Earn 5 reward points, when you spend Rs. 150 at particular restaurants
  • Receive 5 reward points, when you spend Rs. 150 on fuel
  • Get 5 reward points, when you spend Rs. 150 on hotel stays
  • When you apply for this credit card online, no annual or joining charges will be charged
  • After your initial 5 transactions with this card, you can receive 1,500 reward points
  • Great credit card for foodies
  • Good credit card for companies who want to give their employees a card for their expenses

Features:

  • Joining fees is Rs. 399
  • No annual fees for the first year
  • From second year onwards, you need to pay Rs. 750 as annual charges
  • Applicants of this card should have a minimum monthly income of Rs. 25,000 per month
  • Interest rate is 3.1% per month and 37.20% per year. The interest is not charged, if you pay the outstanding balance in the same month

Apply For The SC Platinum Card

3. ICICI Instant Platinum Credit Card

icici-plat-masterThe ICICI Instant Platinum Credit Card is a great card for shopping fanatics. It is packed with a host of features.

Benefits:

  • Get 15% discount at major restaurants
  • You can receive a discount of Rs. 200 on movie tickets per month
  • You can redeem your reward points for attractive gifts from particular centers
  • No annual fees or joining fees
  • A great shopping card

Features:

  • You can get this credit card instantly against your fixed deposit account at ICICI bank. The minimum amount in your fixed deposit should be Rs. 20,000, which should be kept for a period of at least 180 days
  • Overdue interest charges are 2.49% monthly and 29.88% annually. But, this interest is only charged, when you do not make any payment or pay only some of the amount. If you pay the outstanding balance in full, then no interest will be charged
  • No annual fees
  • A fuel surcharge waiver of 2.5%, when you spend up to Rs 4000 at any of the HPCL petrol pumps
  • This card cannot be issued to foreign nationals and minors

Apply For the ICICI Platinum Card

With these 3 best credit card rewards programs in India, you can avail a lot of discounts and exclusive deals. So, hurry up and apply for one of these credit cards today!

Viveka Rao

About Viveka Rao

Viveka Rao is post grad in finance and a freelance writer here at CreditSmart. A love for shopping and travel rewards has fueled her interest in personal credit, and making the most of rewards programs. She writes to educate other consumers in making great financial choices.

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