Credit cards are constantly evolving with greater options and features than ever before. Whether you’re looking to improve your credit score, earn cashback and rewards, or enjoy a host of other benefits, the possibilities are numerous!
By being aware of the best credit cards available in the market, you can understand which card will provide the most value for your money. Consider several factors such as the annual fees, interest rates, grace period and ease of making payments using RTGS (meaning real-time gross settlement via an instant electronic transfer of funds) and other facilities.
To make the most of 2023, check out 6 of the best credit cards.
What Makes a Credit Card Ideal?
From cashback to rewards, EMI conversion to fuel surcharge waivers, credit cards have a lot of money-saving features that enhance your shopping experience. The ideal one depends on your unique needs.
If you are a frequent traveler, look for a card that offers benefits on hotel and flight bookings as well as free lounge access. If your income is irregular or you need a credit card that has your back during a cash crunch, go for one that allows you to withdraw cash from an ATM or borrow a personal loan at no interest for a certain tenure.
Some of the best credit cards combine all these features to offer unbeatable benefits.
Best Credit Cards to Choose In 2023
- HDFC Millennia Credit Card
This credit card is ideal for those who love cashback rewards. You can get a tidy 20% discount at partner restaurants via Dineout as well as gift vouchers of ₹1,000 when you spend ₹1 Lakh or more every quarter.
What’s more, you get to enjoy up to 5% cashback on popular shopping or food delivery services like Zomato, Amazon, TataCliq, Myntra, Swiggy, Flipkart, Uber, and others. You also stand to earn 1% cashback on all EMIs or wallet transactions and get a 1% waiver on fuel surcharge up to ₹250 per statement cycle.
- Bajaj Finserv RBL Bank Credit Card
This co-branded credit card comes in many variants ideal for shoppers, travelers and those looking for all-around convenience. You can use it to enjoy no-interest cash withdrawals for up to 50 days.
One of the best credit cards here is the Bajaj Finserv RBL Bank Platinum Plus First year Free SuperCard which gives you the option to convert your cash limit into a personal loan for 3 months. It also waives off the joining fee of ₹999.
Complimentary lounge access, high milestone bonus points, reward points for online transactions, fuel surcharge waivers and EMI conversion are this card’s other benefits. In total, you can save up to ₹55,000 a year with this card.
- Amazon Pay ICICI Credit Card
One of the best credit cards for online shopping, this one offers you a flat cashback of 3% for your shopping on Amazon India and 2% cashback using Amazon Pay to transact with 100+ partners.
Additionally, it gives you 1% cashback on other shopping, dining and travel spends as well as savings of up to 15% with over 2500 restaurant partners. With no annual fee, this credit card also allows you to enjoy all these benefits without any annual or joining fees. It also gives you exclusive welcome rewards such as a 3-month EazyDiner membership for free!
- Axis Bank ACE Credit Card
This credit card is ideal for savers looking to leverage cashback as it offers you 5% cashback on mobile recharge, DTH and other utility bills. With a minimal annual fee of ₹499, it offers you a 20% discount at over 4,000 dining partners.
Along with a 1% surcharge waiver on all fuel transactions, it also offers 2-4% cashback on other spends. You can also split bills over ₹2,500 into EMIs using this card and enjoy your time at airport lounges up to four times a year.
- ICICI Instant Platinum Card
This credit card is best suited to those beginning on their journey with credit. You can use it to build and improve your credit score as it is offered against a fixed deposit of at least ₹20,000. Not only do you earn interest on the FD, but also get this card for free!
Use it to earn rewards, enjoy dining offers, get discounts on movie tickets and more. This card gives you up to 15% off at 800 different food outlets as well as 2 PAYBACK Points every time you spend ₹100 on all transactions except fuel.
With this array of features and options, you can easily pick the best credit card suited to your needs. Make sure you know the charges involved and always plan repayment before you swipe to ensure financial stability.
