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Top 5 Most Popular Credit Cards In India of 2017…So Far

Top 5 Most Popular Cards In India of 2017...So Far

Top 5 Most Popular Cards of 2017

2017 has in many ways been a groundbreaking year as far as digital transactions are concerned. The Central Government’s aggressive push for a cashless economy has seen the demand for cashless payment platforms like credit cards, debit, mobile payment platforms, UPIs, BHEEM etc. surge. Data shows that it is credit card companies that have benefitted the most from this radical shift in spending. The broadened customer base has urged them to introduce novel credit cards that caters to a wider audience and in turn encourages cashless payments. Individuals who have had a credit card for years and yet never used them have also jumped in to the bandwagon.

Having a whole array of credit cards to pick from is fantastic, however, picking the right one for you is equally challenging. There are simply too many options out there that it has become a daunting task to choose the one that is perfect for you. There is no top 5 credit card list that will be true for everyone, but we have factored in every imaginable parameter while drawing up ours. So here goes:-

SBI Prime Credit Card

SBI has been in the forefront of this credit card revolution and has armed itself with a long list of credit cards targeted at different categories. The SBI Prime credit card offers incredible benefits to users.

  • Joining/renewal fee of Rs.2999
  • Rs.3000 welcome gift voucher which can be redeemed at Bata/Hush Puppies, Marks and Spencer, Pantaloons, Shoppers Stop and Yatra
  • Has a robust reward point structure with 20 reward points per Rs.100 spent on utility bill payments
  • 20 reward points per Rs.100 spent on your birthday
  • 15 reward points per Rs.100 spent at supermarkets
  • 10 reward points per Rs.100 spent on dining, groceries, supermarket etc.
  • Please note 1 reward point = Rs. 0.25
SBI Elite Credit Card

Another popular credit card from the SBI family, the SBI Elite, as the name suggests, is a premium category credit card.

  • Welcome e-gift voucher worth Rs.5000
  • Free Movie Tickets worth Rs. 6,000 every year
  • Earn Reward Points worth Rs. 12,500/ year
  • 10000 bonus reward points on annual spent of Rs.3 lakhs
  • 5 X reward points on dining, supermarket and groceries
  • Complimentary membership to the Priority Pass Program
  • 2 complimentary domestic lounge visits every quarter
Standard Chartered Platinum Rewards Credit Card
  • 5 reward points on  every Rs.150 spent on dining
  • 5 reward points on  every Rs.150 spent on fuel
  • 1 reward point on  every Rs.150 spent on other categories
  • Zero annual and zero joining fee if you apply for the card online, else Rs.399 annual fee applicable.
  • Great offers on movies, traveling, tickets, dining etc.
Citi Cash Back Credit Card

This credit card rewards you handsomely in the form of cashbacks.

  • You can earn a cool 5% cashback for payment made on movie tickets and phone bill payments.
  • Another 5% cashback for utility payments.
  • 0.5% cashback on all other categories
  • 15% savings on dining at select restaurants
  • Annual fee of Rs.500
  • Renewal charges of Rs.500
  • Widely accepted
Citibank Rewards Credit Card

Another reward points-oriented credit card, this Citi card offers cashbacks and reward points on almost every rupee spent.

  • 10 reward points on every Rs.125 spent at Apparel & Department Stores.
  • 1 reward point on  every Rs.125 on other categories
  • 1000 bonus points on Rs.1000 spent on the first 60 days
  • The reward points have no expiry and they can be used for traveling, air miles, cash back etc.
  • Zero annual fee if annual spending is more than Rs.30000. For others, annual fee of Rs. 1000 applicable.

These credit cards are easy to use and results in considerable savings for individuals. However, your top 5 may vary. Do let us know yours in the comments section.

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