When you need a new credit card, you can simply log on to the bank’s website from the comfort of your home and apply for a credit card online. Your CIBIL score should be upwards of 700, and you must be able to show a proof of salaried or business income. Additionally, your KYC documents proving your identity and address would be required. But before all of this, you need to compare the different options available. Let us tell you our pick of the best five credit cards in India in 2018.
1. American Express Gold Card – This card is costlier than most others but loaded with features. You pay Rs. 1000 as joining charges and Rs. 4500 annual fees. There is no spend limit on this card, and you just need to repay the monthly outstanding by due date. If you can use it thrice within the first 2 months, you get a whopping 4000 reward points. You can redeem your reward points with high quality jewellery.
2. HDFC Bank Moneyback Card – This card is structured differently from the others on this list, and you need to pay no joining fees or annual fees. Yet the rewards structure is no less than other cards – you get 2 reward points for every Rs. 150 spent, and the points can be redeemed at the rate of Rs. 40 for every 100 points. If you spend online using this card, then you get three times the reward points as spending at point of purchase.
3. State Bank of India Simply Save – You pay just Rs. 499 as joining charges for this card which is accepted at establishments and ATM machines worldwide. You can use it to make payments for your point of sale (POS) purchases, and also to withdraw money from ATM machines. Your first ATM withdrawal using this card would earn Rs. 100 cashback for you. The POS usage provides 4 reward points for every rupee spent, and a fuel surcharge of 2.5%. In case you are making a big spend using this card, you can also convert the outstanding to a monthly repayment arrangement.
4. Standard Chartered Manhattan Platinum – This card has a joining fee of Rs. 999 only. Every time you use this card for a purchase of Rs. 150 at shops, you get 5%cashback to your card. You are eligible for three times the reward points at other locations. Apart from these features on this card which are available throughout the year, Standard Chartered also announces special cash back offers and other discounts from time to time.
5. ICICI Bank Coral Card – This card carries a very low joining fee of Rs. 199, but the first year you do not need to pay the usual annual fees that other cards charge. Whether it is shopping, movies or refuelling of vehicles, this card has some sweeteners for all these three purchases that you usually do. Fuel payments give you 2.5% cashback, dining out provides up to 15% savings, and for 2 movie tickets every month, there is a discount of Rs. 100.
1. American Express Gold Card – This card is costlier than most others but loaded with features. You pay Rs. 1000 as joining charges and Rs. 4500 annual fees. There is no spend limit on this card, and you just need to repay the monthly outstanding by due date. If you can use it thrice within the first 2 months, you get a whopping 4000 reward points. You can redeem your reward points with high quality jewellery.
2. HDFC Bank Moneyback Card – This card is structured differently from the others on this list, and you need to pay no joining fees or annual fees. Yet the rewards structure is no less than other cards – you get 2 reward points for every Rs. 150 spent, and the points can be redeemed at the rate of Rs. 40 for every 100 points. If you spend online using this card, then you get three times the reward points as spending at point of purchase.
3. State Bank of India Simply Save – You pay just Rs. 499 as joining charges for this card which is accepted at establishments and ATM machines worldwide. You can use it to make payments for your point of sale (POS) purchases, and also to withdraw money from ATM machines. Your first ATM withdrawal using this card would earn Rs. 100 cashback for you. The POS usage provides 4 reward points for every rupee spent, and a fuel surcharge of 2.5%. In case you are making a big spend using this card, you can also convert the outstanding to a monthly repayment arrangement.
4. Standard Chartered Manhattan Platinum – This card has a joining fee of Rs. 999 only. Every time you use this card for a purchase of Rs. 150 at shops, you get 5%cashback to your card. You are eligible for three times the reward points at other locations. Apart from these features on this card which are available throughout the year, Standard Chartered also announces special cash back offers and other discounts from time to time.
5. ICICI Bank Coral Card – This card carries a very low joining fee of Rs. 199, but the first year you do not need to pay the usual annual fees that other cards charge. Whether it is shopping, movies or refuelling of vehicles, this card has some sweeteners for all these three purchases that you usually do. Fuel payments give you 2.5% cashback, dining out provides up to 15% savings, and for 2 movie tickets every month, there is a discount of Rs. 100.
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