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10 Best Credit Card in India 2023: Joining Fee, Annual Fee, Card Benefits and More

Welcome to the ultimate guide for choosing the perfect credit card in India for 2023! In today’s fast-paced financial landscape, selecting the right credit card can be a game-changer. It’s not just about convenience but also about maximizing the benefits that suit your lifestyle. In this comprehensive article, we present the top 10 credit cards available in India for 2023, meticulously evaluated based on their joining fees, annual fees, and an array of card benefits. Whether you’re a savvy shopper, a frequent traveler, or a financial planner, we’ve got you covered. Read on to discover the credit card that aligns perfectly with your financial goals and aspirations.

Best Credit Cards in India 2023

Credit Card Name Annual Fee Joining Fee
Cashback SBI Card Rs. 999
Axis Bank Magnus Credit Card Rs. 10,000 Rs. 12500 + GST
Axis Ace Credit Card Rs. 499 Rs. 499 + GST
Standard Chartered Bank EaseMyTrip Credit Card Rs. 350 Rs. 350 + GST
SBI Card ELITE Rs. 4,999 Rs. 4,999 + GST
BPCL SBI Card Octane Rs. 1,499 Rs. 1,499 + GST
Flipkart Axis Bank Credit Card Rs. 500 Rs. 500 + GST
HDFC Diners Club Privilege Rs. 2,500 Rs. 2,500 + GST
Axis Vistara Signature Credit Card Rs. 3,000 Rs. 30,00 + GST
Amazon Pay ICICI Credit Card Nil Nil

Cashback SBI Card

Joining Fee: Nil

Annual Fee: Rs. 999

Card Benefits: The benefits of the Cashback SBI Credit Card includes:

  • The user will not be charged any extra costs for the first year. From the second year, the user may have to pay Rs.999, but if he/she uses the card on a regular basis they may waive this amount.
  • If you buy petrol at petrol pumps in India and spend between Rs.500 and Rs.3,000, they’ll give customers a price reduction of 1%. In a single billing period, you are able to save up to Rs.100.
  • You are able to utilize this card at many different locations both in India as well as around the world.
  • Whenever you shop online, they’re going to offer you 5% of what you bought back as cashback, and you may use this money later.
  • They are going to offer you 1% cashback whenever you shop in real-life shops or pay electricity or water bills, although some transactions are unlikely to be counted.
  • You are able to utilize this card to make payments on your phone, power, and other bills.
  • If you have debt from other credit cards, you are able to move it to this card and pay it down gradually with a rate of interest that is lower as compared to the original rate of interest.
  • You are able to obtain extra cards for everyone in your family so that they are able to use the card as well.
  • You can use the lounges at airports for free for a maximum of four times each year, but you can only do so every three months.

Eligibility Criteria

These are the following Eligibility criteria that are needed to avail of Cashback SBI Credit Card

  • You must be between the ages of 21 and 70.
  • You must either be self-employed or must have a secured job.
  • Your credit score must be above 750.

Apply here: https://www.sbicard.com/sprint/cashback

Axis Bank Magnus Credit Card

Joining Fee: Rs. 12500

Annual Fee: Rs. 10,000

Card Benefits: 

  • If you had spent Rs.15 lakh in the previous fiscal year, you are exempt from the Rs.10,000 yearly charge and taxes.
  • You are able to utilize this card to make payments on your phone, power, and other bills.
  • Travel and stay privileges are included in the card.
  • You might also get several food and lifestyle benefits including dining delights, bookmyshow benefits, and much more.
  • Health and Wellness benefits are also enjoyable.
  • If you borrow money with this card, you will be charged a lesser interest rate of 2.5%.
  • When you use the card for foreign currency transactions, they cut the extra cost (markup) by 2%.
  • When using this card to withdraw cash, there are no fees.
  • On fuel purchases between Rs.400 and Rs.4,000, you receive a 1% discount.
  • Every Rs.200 spent with the card earns you 12 Axis EDGE REWARDS Points.
  • You receive double the points (2X) if you use the card to book stuff on travel websites like Yatra, MakeMyTrip, and GoIbibo.
  • They offer a concierge service, which is a specialized client service.

Eligibility Criteria: 

These are the following Eligibility criteria that are needed to avail of Cashback SBI Credit Card

  • You must be between the ages of 18 and 70.
  • You must be a citizen of India.
  • You must either earn a minimum of Rs.18 lakh per year or must have submitted at least Rs.18 lakh in Income Tax Returns.

Apply here: https://www.axisbank.com/retail/cards/credit-card/axis-bank-magnus-card/feature-benefits

Axis Ace Credit Card

Joining Fee: Rs. 499 plus additional charges

Annual Fee: Rs 499 

Card Benefits: 

  • Save up to 20% at over 4,000 restaurants.
  • Earn up to Rs. 500 a month in cashback on payments for bills, mobile recharges, and popular services like Swiggy and Ola.
  • Get access to airport lounges and extra money on Ola trips.
  • Access to domestic airport lounges four times each year.
  • If you file a report of loss within three days, you are protected from unauthorised transactions.

Eligibility Criteria:

This is the following Eligibility criteria that is needed to avail Axis Ace Credit Card:

  • You must be between the ages of 18 and 70.
  • You must be a citizen of India.

Apply here: https://www.axisbank.com/retail/cards/credit-card/axis-bank-ace-credit-card/features-benefits

Standard Chartered Bank EaseMyTrip Credit Card

Joining Fee: Rs. 350 + GST

Annual Fee: Rs. 350

Card Benefits:

  • You are able to utilize this card to make payments on your phone, power, and other bills.
  • Travel and stay privileges are included in the card.
  • You might also get several food and lifestyle benefit
  • When you use the credit card to make reservations directly with airlines as well as hotels you’ll earn 10 points for every Rs. 100 spent.
  • For all other purchases, you will receive 2 points for every Rs. 100 spent.
  • Using the Standard Chartered rewards portal, you may exchange 2 reward points for Re. 0.50.
  • Every three months, you are entitled to one free admission to a domestic airport lounge.
  • Priority Pass also provides you with two complimentary trips to international lounges per year.

Eligibility Criteria: 

This is the following Eligibility criteria that is needed to avail Standard Chartered Bank EaseMyTrip Credit Card:

  • To apply, you must be between the ages of 18 and 65.
  • If you desire an extra card, the person must be at least 18 years old.
  • You should have a consistent monthly income.
  • You should live in an area where credit cards are available.

SBI Card ELITE

Source: Canva

Joining Fee: Rs. 4,999 + GST

Annual Fee: Rs. 4,999

Card Benefits:

  • You will receive a free Club Vistara Silver membership with advantages.
  • You also receive a free Trident Privilege Red Tier membership with exclusive benefits.
  • Every three months, you can visit two domestic airport lounges in India for free.
  • You can earn up to 50,000 Bonus Reward Points per year, which is equivalent to Rs. 12,500.
  • Every year, you are given free cinema tickets worth Rs. 6,000.
  • As a welcome gift, you will receive a Rs. 5,000 e-Gift Voucher.

Eligibility Criteria:

This is the following Eligibility criteria that is needed to avail SBI Card ELITE:

  • Self-employed individuals must be between the ages of 21 and 60 and earn more than Rs. 60,000 per month.
  • Salaried individuals must be between the ages of 18 and 65 and have a monthly salary of more than Rs. 60,000.

BPCL SBI Card Octane

Source: Canva

Joining Fee: Rs. 1,499 + GST

Annual Fee: Rs. 1,499

Card Benefits:

  • Fuel purchases will get you 7.25% back.
  • You can accumulate up to 25X reward points.
  • When you pay the membership cost, you will earn 6,000 extra reward points worth Rs. 1,500 as a welcome gift.
  • When you spend Rs. 3 lakh in a year, you will receive a Rs. 2,000 e-gift coupon for various brands.
  • They would waive the annual cost if you spend Rs. 2 lakh in a year.
  • Domestic VISA lounges in India are free to visit four times per year.
  • You are entitled to Rs. 1 lakh in free fraud protection.

Eligibility Criteria:

This is the following Eligibility criteria that is needed to avail BPCL SBI Card Octane:

  • A strong credit score is required to get approved for the card.
  • You ought to be a citizen of India.
  • You have to be at least 18 years old to participate.
  • To apply for the card, you must be either a salaried employee or self-employed.

Apply here: https://www.sbicard.com/sprint/bpclOctane

Flipkart Axis Bank Credit Card

Joining Fee: Rs. 500 + GST

Annual Fee: Rs. 500

Card Benefits:

  • Domestic airport lounges are free to use four times per year.
  • You get a 1% discount on purchases of fuel between Rs. 400 and Rs. 4,000, with a monthly limit of Rs. 400.
  • Discounts of up to 20% are available at over 4,000 partner restaurants.
  • The Flipkart Axis Bank Credit Card comes with a valuable welcome bundle worth Rs. 1,100, which is a remarkable deal given the Rs. 500 registration fee.

Eligibility Criteria:

This is the following Eligibility criteria that is needed to avail Flipkart Axis Bank Credit Card:

  • You must be between the ages of 18 and 70.
  • You must be a citizen of India.
  • Users who have a job should have a minimum salary of  Rs. 15,000.
  • For users self-employed users, the minimum income should be Rs. 30,000.

Apply here: https://www.axisbank.com/retail/cards/credit-card/flipkart-axisbank-credit-card/features-benefits

HDFC Diners Club Privilege

Joining Fee: Rs. 2,500 + GST

Annual Fee: Rs. 2,500

Card Benefits:

  • When you first use the HDFC Bank Diners Club Privilege Credit Card, you will receive a complimentary yearly membership.
  • You can also visit airport lounges for free in India and throughout the world for a total of 12 trips.
  • When you dine on weekends, you’ll earn twice as many reward points.
  • You are covered for medical emergencies up to Rs. 25 lakh.
  • Every month, when you spend Rs. 40,000, you will receive a Rs. 500 voucher for either BookMyShow, Ola Select membership, or TataCLiQ.
  • Travel insurance for baggage loss or delay is also available, with coverage of up to Rs. 55,000.

Eligibility Criteria:

This is the following Eligibility criteria that is needed to avail HDFC Diners Club Privilege:

  • You must be between the ages of 18 and 70.
  • You must be a citizen of India.

Apply here: https://www.hdfcbank.com/personal/pay/cards/credit-cards/diners-privilege

Axis Vistara Signature Credit Card

Joining Fee: Rs. 3,000 + GST

Annual Fee: Rs. 3,000

Card Benefits:

  • When you deposit the price for the card, you are going to get a free Premium Economy ticket as an added bonus.
  • A free Club Vistara Silver subscription is included with the Axis Bank Vistara Signature Credit Card.
  • When you pay the yearly charge, you will also receive a free premium economy ticket.
  • When you use your Club Vistara card to make purchases, you earn Club Vistara points, and if you spend enough, you may obtain up to four free premium economy tickets.
  • When you spend a particular amount, you are eligible for incentives.
  • You will additionally get insurance benefits.
  • You are able to turn your expenditures into monthly payments if necessary.

Eligibility Criteria:

This is the following Eligibility criteria that is needed to avail Axis Vistara Signature Credit Card:

  • You must be between the ages of 18 and 70.
  • You must be a citizen of India.
  • You must have a monthly income of at least Rs.60,000.

Apply here: https://www.axisbank.com/retail/cards/credit-card/axis-bank-vistara-signature-credit-card/features-benefits

Amazon Pay ICICI Credit Card

Joining Fee: Nil

Annual Fee: Nil

Card Benefits:

  • You are not required to pay an annual fee.
  • You also get an additional Prime membership.
  • When your application gets approved, you’ll receive a Rs. 200 Amazon gift card with no spending requirement.
  • You’ll get 3% back on Amazon and Whole Foods Market purchases.

Eligibility Criteria:

This is the following Eligibility criteria that is needed to avail Amazon Pay ICICI Credit Card:

  • You must be between the ages of 18 and 60.
  • Your Cibil Score should be at least 750.
  • you must have a steady source of income.

Apply here: https://www.icicibank.com/personal-banking/cards/credit-card/amazon-pay-credit-card

FAQs

What are the different types of Credit Cards?

There are several different types of Credit Cards including:

  • Reward Credit Cards
  • Cashback Credit Cards
  • Travel Credit Cards
  • Business Credit Cards
  • Co-branded Credit Cards
  • Student Credit Cards
  • Secured Credit Cards
  • Store Credit Cards

Can I apply for a Credit Card Online?

Yes, you can apply for Credit Cards online.

Can I apply for a Credit Card as a student?

Yes, You can apply for a Credit Card as a student but the approval of your application will be dependent on several different factors such as your age, mode of income, Credit score, and much more.

What is the minimum credit limit offered on a credit card?

The minimum credit limit offered in a credit card usually falls in the range of Rs. 20,000 to Rs.50,00.

Above, we have mentioned the top 10 Best Credit Cards in India 2023, In case you are planning to purchase any of these cards, it is best advised that you should get an in-depth knowledge about it.

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