Best credit card in India for 2022

Best credit card in India for 2022

Every individual has some financial requirements; a credit card can be important to fulfil these requirements. There are different credit card choices in the market, and picking the right cards can be difficult. 

According to your requirements, spending habits, and lifestyle, suitable credit cards are available to maximise your benefit. One can avail of different offers on different merchant sites where they can choose to pay by card to maximise their savings on purchasing items. 

Moreover, they can even convert their purchase into EMIs. So, in this article, we have hand-picked some of the best credit card in India to cater to your needs, even if you are a beginner.

Axis Bank Ace Credit Card

Axis Credit Card is the best card in India for beginners who want to improve their credit score. It is a good option for beginners looking for higher cashback with a nominal annual fee. The card offers up to 5% cashback on bill payments and recharges. Late Payment Fees vary from 0 to a maximum of Rs. 700.

Joining Fee: Rs. 499 (returned on the spending of Rs. 10,000 within 45 days from the issuance of card)

Annual Fee: Rs. 499 (on spending Rs. 2 lakh or more annually, it is waived off)

Interest Charges: 3.6% p.m. | 52.86% p.a.

Amazon Pay ICICI Credit Card

If you are an Amazon user, then Amazon Pay ICICI Credit Card is the best card in India since you can earn up to 5% cash back on every purchase on Amazon. The best feature of this credit card is zero annual fees with some added benefits. Since Amazon is a leader in e-commerce platforms, this card is highly recommended for persons who regularly purchase on amazon.

Annual Fee: Nil

Renewal fee: Nil

Finance Charges: 3.5% to 3.8% p.m./42% – 45.6% p.a.

HDFC Millennia Credit Card

If your requirements are for an HDFC Bank card, then HDFC Millennia Credit Card is the best option to ensure maximum benefits. The card offers the best cashback on online shopping across all the major merchants. It is also a good option for general spending. This card is useful for people who use credit cards regularly as you avail of an annual fee waiver on spending more than a lakh in a year. You can get up to 5% cashback on all online shopping at Amazon, Flipkart, Myntra, etc., and 1% cashback on all other spendings.

Joining Fees: Rs. 1,000

Renewal Fee: Rs. 1,000 (Waived off on spending Rs. 1 lakh in the previous year)

Minimum Income Requirement for Salaried: Rs. 35,000 p.m.

Minimum Income Requirement for Self-employed: ITR>Rs. 6 lakh p.a.

Finance Charges: 3.6% p.m. | 43.2% p.a.

Uni credit cards

one of the best choices for people looking for a with the least number of charges. Uni cards are lifetime free as they have no annual charges. It provides you to choose longer EMIs. It is accepted by all the major merchants who use visa cards. Also it has a feature to split payments. You can get your Uni card in just a couple of minutes.

Joining Fees: Rs. 1,000

Renewal Fee: Rs. 1,000

SBI BPCL Octane Credit Card

If you want to chop off high bills on fuel purchases, then SBI BPCL Octane Card can be the right choice. SBI BPCL Octane Card offers 7.25% cashback on fuel purchases across BPCL petrol pumps. Apart from fuel, the card also gives extra benefits on movie tickets, dining, and grocery spending as reward points which can be redeemed to get more free fuel. Moreover, you can get 6,000 bonus reward points as a welcome benefit, a 1% surcharge waiver across all BPCL petrol pumps, and 25 reward points for every Rs. 100 spent on fuel purchases.

Joining Fee: Rs. 1,499

Renewal Fee: Rs. 1,499 (Reversed on annual spends of Rs. 2 lakh)

Finance Charges: 3.50% p.m. (42% p.a.)

Do not forget to check the details carefully before applying for any of the ones mentioned above. Choose wisely and enjoy the benefits! 

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