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The 5 Best Credit Cards In India For 2017 Revealed

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Jay Kaul
Written by Jay Kaul

The Best Credit Cards This Year Are Here

It’s that time again! A new year is just around the corner, and that’s a great time to take a look at where you stand with your credit and make some choices that will help save you money and earn some rewards on your purchases throughout the year. The credit card market in India has been growing at a rapid rate with hundreds of new cards entering the marketplace, so there’s no shortage of options! We’ve been reviewing cards for awhile now and have singled out some of the best cards in India for you to apply for.

Of course the best credit cards are not simply tools to buy things with, they have exciting features and benefits. These benefits cater to different lifestyles, such as shopping benefits for avid shoppers, air miles for travel fanatics, fuel cards for just about anyone.

It is important to make an informed decision while you opt for a credit card and examine all the benefits and features. Luckily for you, we did it for you! Without further delay, let us reveal the 5 best credit cards in India for the year 2017.

1. Standard Chartered Platinum Rewards Card

Once again The Standard Chartered Platinum Rewards Card tops our list as one of the most rewarding cards in India. The benefits are vast and the point system is very strong, allowing you to earn points and privileges with a wide variety of purchases. This card remains one of the best in India. Here’s some of the perks:

 

Perks:

  • Get 5 reward points on spending Rs. 150 on fine dining and hotel bookings in India and abroad
  • Earn 5 reward points on spending Rs. 150 on fuel
  • Get 2 reward points on spending Rs. 150 on all other purchases
  • Enjoy special offers on holidays, movie tickets, golfing, and more
  • No first year annual fee if you apply online

Fees

  • Annual fees: Rs. 750 (waived for the first year)
  • APR (Annual Percentage Rate): 37.20% to 41.88% per annum

2. Standard Chartered Super Value Titanium

This card is nothing short of unbelievable. This awesome card saves you 5% cash back on the most common expenses in your life. You will not find a higher cash back percentage on any card in India on this many different things.

Perks:

  • 5% Cash Back On All Fuel Spends
  • 5% Cash Back On All Phone Bills
  • 5% Cash Back On All Utility Bills
  • 20% Cash Back On Uber rides

Fees

  • Annual fees: Rs. 2,999
  • APR (Annual Percentage Rate): 40.2% per annum

3. Citibank Rewards Card

The Citi Rewards Card is absolutely phenomenal. The points become quite valuable when redeemed in their select stores, and the partnership with Make My Trip is a travellers dream. Also there’s lots of spend incentives to earn bonus points. Take a look.

 

Perks:

  • Enjoy 10 times reward points when you spend on department and apparel stores
  • Earn Rs. 1,200 cash back when you book your domestic flight through MakeMyTrip
  • Receive 10 reward points when you spend Rs. 125 in select stores
  • Get 1 reward point on spending Rs. 125 on all other purchases
  • Earn 1,000 reward points when you spend Rs. 1 lakh in every quarter
  • The annual fee is waived off, if you spend over Rs. 30,000 in one year
  • International validity
  • Redeem your rewards instantly across more than 700 select stores
  • Value added services like easy payment options and loans

Fees

  • Annual fees: Rs. 1,000
  • APR (Annual Percentage Rate): 39% per annum

4. Citi Cashback Card

We just love cards that literally PAY you for using them! The Citi Cashback Card offers you 5 per cent cash back on particular transactions, including bill payments, which will save your money throughout the year. That’s a 5% discount off everything you buy. You do not need to have a math degree to see how that can add up.

 

Perks:

  • Earn Rs. 1,200 cash back when you book your domestic flight through MakeMyTrip
  • Get 5% cash back when you purchase movie tickets
  • Receive 5% cash back on all your payments of telephone bills
  • Get 5% cash back on your online payments of utility bills paid through Citibank Online Bill Pay
  • Get 0.5% cash back on all other purchases
  • The earned cash backs gets auto credited after a minimum of Rs. 500 and subsequently in multiples of Rs. 500

Fees

  • Annual fees: Rs. 500
  • APR (Annual Percentage Rate): 37.2% to 42% per annum

5.American Express Gold Card

Ahh the wonderful Amex Gold is not surprising to see on the list. For those who do not want to pay the high fee of the Amex Platinum but still earn fantastic rewards and unmatched benefits, then this is the card for you. It has some really exciting offers and features, just look at what kind of savings it offers:

 

Perks:

  • Get a Tanishq voucher worth Rs. 2,000 on joining
  • Get 1,000 bonus reward points on 4 card swipes per month on transactions of Rs. 1,000 and above
  • Receive 1 reward point when you spend Rs. 50 on all purchases, save for fuel, insurance, cash transactions, and utilities
  • Earn up to 20% off on dining at particular restaurants
  • Enjoy 3% cash back at leading fuel stations in India
  • Receive 2.5% fuel surcharge waiver at HPCL fuel stations
  • Get 2 free supplementary gold credit cards
  • Zero liability of lost card
  • Flexible spending without any predefined credit limit
  • Redeem reward points from wonderful 24 carat and 18 carat gold collection, statement credit, good earth gift cards, and more
  • Earn 5,000 reward points on renewing your credit card after the first year

Fees

  • Joining fees: Rs. 1,000
  • Annual fees: Rs. 4,500

So there we have it! Have you picked your favorite? It’s a new year so ahead and choose one of the credit cards for yourself out of these five as per your preferences. Build your CIBIL score as well as get rewarded…I mean, you may as well use a card. You have to buy things anyway! Be CreditSmart, and be rewarded for your money in 2017.

About the author

Jay Kaul

Jay Kaul

Jay is a financial and credit expert and freelance contributor to CreditSmart. He's always keeping his eyes open for the latest credit card trends in India and provides a sharp insight on new entries into the market.

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