Credit cards are continuously evolving to include more options and functions than ever before. Whether you’re seeking to improve your credit score, receive compensation and rewards, or take advantage of a variety of other advantages, the possibilities are vast!
By understanding the top credit cards on the market, you can determine which card offers the greatest value. Consider a number of factors, including annual fees, interest rates, grace periods, and the convenience of making payments using RTGS (real-time gross settlement via an immediate electronic transmission of funds) and other facilities.
To make the most of the year 2023, consider the top six credit cards.
What Makes a Credit Card Ideal?
From cashback to rewards, EMI conversion to fuel surcharge exemptions, credit cards offer a multitude of money-saving features that improve the purchasing experience. The ideal one depends on your unique requirements.
If you are a frequent traveller, search for a credit card that offers benefits on hotel and transportation reservations, as well as complimentary lounge access. Choose a credit card that allows you to withdraw cash from an ATM or obtain a personal loan with no interest for a specified period of time if your income is irregular or if you need a credit card that has your back in a cash crisis.
Some of the finest credit cards integrate all of these features to offer unparalleled benefits.
The Best Credit Cards to Select in 2023
Credit Card: HDFC Millennia
This credit card is perfect for cash-back enthusiasts. When you spend 1 lakh or more every quarter, you can receive a 20% discount at Dineout partner restaurants as well as 1,000 gift vouchers.
Additionally, you can receive up to 5% compensation on popular purchasing and food delivery services such as Zomato, Amazon, TataCliq, Myntra, Swiggy, Flipkart, and Uber. You can also earn 1% credit on all EMIs and wallet transactions and receive a 1% waiver on fuel surcharges up to Rs. 250 per billing cycle.
Bajaj Finserv RBL Bank Credit Card
This co-branded credit card is available in a variety of forms that are ideal for retailers, travellers, and those seeking convenience in all aspects of life. For up to 50 days, you can withdraw cash from your account without incurring interest.
One of the finest credit cards available is the Bajaj Finserv RBL Bank Platinum Plus First Year Free SuperCard, which allows you to convert your credit limit into a 3-month personal loan. Additionally, the Rs. 999 membership fee is waived.
Other benefits of this card include complimentary lounge access, high milestone incentive points, reward points for online purchases, exemptions for fuel surcharges, and EMI conversion. This card allows for annual savings of up to Rs. 55,000.
ICICI Credit Card with Amazon Pay
This is one of the finest credit cards for online purchasing, offering a fixed 3% cashback for purchases made on Amazon India and 2% cashback when using Amazon Pay to make purchases with 100+ partners.
In addition, it offers 1% credit on other purchases, dining, and travel expenditures, as well as up to 15% benefits at over 2500 restaurant partners. This credit card does not charge an annual or joining fee, allowing you to experience all of these perks at no cost. In addition, it provides exclusive greeting bonuses, such as a complimentary EazyDiner membership for three months.
Credit card from Axis Bank ACE
This credit card is ideal for consumers seeking cashback, as it offers 5% cashback on mobile recharges, DTH subscriptions, and other utility expenses. It offers a 20% discount at more than 4,000 dining partners for a nominal annual fee of Rs. 499.
In addition to a 1% surcharge abatement on all petroleum purchases, this card provides 2-4% credit on all other purchases. Using this card, you can also divide purchases over Rs. 2,500 into EMIs and visit airport terminals up to four times per year.
Credit card issued by ICICI
This credit card is ideally suited for individuals who are just beginning their credit journey. As it is offered against a fixed deposit of at least $20,000, you can use it to develop or enhance your credit score. In addition to earning interest on the FD, this card is also provided at no cost.
Utilise it to earn rewards, take advantage of dining discounts, and more. This card offers discounts of up to 15% at 800 different culinary establishments, as well as 2 Payback Points for every $100 spent on all purchases excluding fuel.
With this variety of features and options, it is simple to select the credit card that best meets your requirements. Before using a credit card, ensure that you are aware of the associated fees and that you have a plan for repayment.