Top 10 credit cards in India 2016

Top 10 Credit Cards in India – India has a very vibrant credit cards network and with the growth in debit cards and mobile wallets, there is a lot of innovation that is also happening in the credit cards product space to catch up with the increased competition.

Before we get into our list of top 10 credit cards in India, it might be wise to share the methodology we have used to come up with this list. Also check out our list of best cards in India in 2015.

How to choose the best credit cards

  • Credit cards that are best for shopping – either shopping in general and/or online specifically. Given that most of us use our credit cards for shopping including grabbing all those exciting deals at Myntra, Jabong, Flipkart etc. The typical benefits one gets for shopping using a credit card could vary from cash-back to higher reward points or exclusive tie-ups that the bank (issuer of the credit card) has with the store or ecommerce portal.
  • Annual Fees – while most cards do not have an annual fees, a few do charge an annual fees. This adds to the overall cost of using a credit card. We are not saying that stay away from all cards that have an annual fees. What we want to highlight is that if the benefits of the cards are not higher than the annual fees levied on it, might be smarter to go for a no-annual-fees-card.
  • Interest Rates – Credit card companies charge an interest for delayed payment of the dues. If you pay your complete dues in full, no interest would be levied. However while choosing a credit card, pay due consideration to the interest rates that would be applicable. These could vary anywhere from 1.2% to 4% per month.

Top 10 Credit Cards in IndiaTop 10 Credit Cards in India in 2016

Here’s our list of top credit cards in India as of 2016 and our rationale behind why this card made it to the list.

  • IRCTC SBI Credit Card
  • Citibank Indian Oil Titanium Card
  • American Express Platinum Credit Card
  • SBI Yatra Credit Card
  • ICICI Bank Jet Airways Rubyx Credit Card. Featured as one of the best credit card for frequent flyers in India, this cobranded card comes with a welcome gift of 5000 JP miles, and 2500 JP Miles for every annual renewal of the card.  Frequent flyers of Jet Airways can also convert their reward points from other spends into JP Miles and hence use the same for upgrades or free ticket(s). Annual fees on the card: Rs 2500/-.
  • HDFC Bank Solitaire Credit Card
  • Jet Airways American Express Platinum Card
  • HDFC Regalia Credit Card
  • Standard Chartered Platinum Rewards Card
  • Citibank Rewards Credit Card

Bonus: Whichever card you have, chances are there are multiple offers that are available to you courtesy your bank or VISA/MasterCard. Download the mTuzo App and ensure that you stay on top of these offers, the smart way.

eDGE Loyalty Rewards – AXIS Bank

Axis Bank runs a very comprehensive rewards program under the brand – eDGE Loyalty rewards – which is open to its debit card, credit card holders in India and also provides opportunities to savings account customers to earn eDGE points for certain specific transactions. It is one of the leading Bank Loyalty Programs in India.

edge-loyalty Axis bank

How to earn AXIS Bank eDGE Loyalty Points

  • Debit Card Customers can earn eDGE Loyalty points
    • By spending money on your debit card or swiping the card at merchant locations, you can earn
      • 1 point on Titanium Rewards / Prime Plus / Priority / Wealth / Privee Cards – for every Rs 200 spent
      • Earn 5 points on Ladies First Card on Groceries and Apparels – for every Rs 100 spent
    • On First transaction – Earn 75 points one time on Titanium Rewards / Prime Plus / Priority / Ladies First Cards
    • First Online Transaction – Earn 150 points one time on Titanium Rewards / Prime Plus / Priority / Wealth / Privee / Ladies First Cards
  • Axis Bank Credit Card Customers can also earn eDGE points
    • By swiping the credit card you can earn between 1 to 40 points for every Rs 200/- spent. The exact reward point multiple is a function of the card type
    • Opportunity to earn twice the reward points all through-out the birthday month
    • 100 reward points for first online transaction
    • One time opportunity to earn 100 reward points for an Add-on card issuance
  • Axis Bank Savings Bank customers can earn eDGE Points
    • By opening up a new account (100 to 500 points depending upon the account type)
    • 100 points for resgistering for Statement on Email
    • Activation of demat account (100 points)
    • Online bill payment registration and first successful payment (25 points)
    • Using ATM for account-updates (25 to 100 points)

How to redeem Axis Bank eDGE Loyalty Points

Axis Bank has an online interface through which customers can check how many reward points they have earned or burned and the balance. One can start redeeming the reward points with as little as 300 points. While it is tough to say with a high confidence as to what is the value of 1 AXIS Bank EDGE point when redeeming, its approximate value can be judged by looking at the redemption options available. Axis Bank also has a detailed catalogue available on its website for those looking to redeem their eDGE points. Click here to login and view the eDGE Rewards Catalogue.

In case of any further queries or any problems with your eDGE loyalty program, you could talk to the Axis bank Customer Care or login online at the Axis Bank Internet Banking platform.