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

India’s Top 10 Credit Cards for 2023: Annual Fee, Card Benefits, and More

Welcome to the definitive guide on choosing the best credit card in India for your requirements in 2023! Choosing the best credit card can significantly impact how you manage your money in today’s ever changing financial environment. In addition to convenience, it’s important to maximize the advantages that fit your lifestyle. In this extensive article, we list the best 10 credit cards that will be offered in India in 2023 after carefully comparing their joining costs, annual fees, and a variety of card advantages. We have you covered whether you’re a shrewd shopper, a regular traveler, or a financial planner. Discover the credit card that completely satisfies your financial aims and goals by reading on.

The 2023 Best Credit Cards in India

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

1. SBI Cashback Card

Joining Fee: None
– Annual Fee: 999 rupees
– Card Perks:
– The first year is free of additional fees; subsequent annual fees are waived with consistent use.
– A 1% discount on gas purchases between 500 and 3,000 rupees.
5% rebate for online purchases.
– 1% reward on in-person shopping, paying energy bills, and more.
– Use for balance transfers and bill payments.
– Four free visits each year to airport lounges.
– Age 21 to 70, steady income, and a credit score of at least 750 are requirements.
Apply here.(https://www.sbicard.com/sprint/cashback)

2. Credit Card from Axis Bank Magnus

– Joining Fee: 12,500 Rupees
– Annual Fee: Rs. 10,000 (exempt if Rs. 15 lakh were spent in the last fiscal year)
– Card Perks:
– Bill payments, mobile recharges, and other transactions.
– Privileges to travel and stay.
– Benefits for dining, bookmyshow, and lifestyle.
advantages for good health and wellbeing.
– A 2.5% lower interest rate on borrowed money.
– A 2% decrease in FX transaction costs.
– There are no withdrawal fees.
– A 1% discount on fuel orders between 400 and 4,000 rupees.
– 12 Axis Edge Rewards Points for each rupee ($0.20).
– 2X points for bookings made on travel websites.
– A personal concierge.
– Age requirements between 18 and 70, and a yearly income of at least Rs. 18 lakh.
Apply here.(https://www.axisbank.com/retail/cards/credit-card/axis-bank-magnus-card/feature-benefits)

3. Axis Ace Credit Card

– Joining Fee: Rs. 499 plus extra expenses
– Annual Fee: 499 rupees
– Card Perks:
– Discounts of up to 20% at over 4,000 restaurants.
– Cashback offers of up to Rs. 500 each month on bills, phone recharges, and services like Swiggy and Ola.
– Access to airport lounges and more Ola perks.
– Defense against fraudulent transactions.
– Age 18 to 70, Indian citizenship, and minimum income are requirements.
Apply here.(https://www.axisbank.com/retail/cards/credit-card/axis-bank-ace-credit-card/features-benefits)

4. Standard Chartered EaseMyTrip Credit Card

– Joining Fee: 350 Rupees plus GST
– Annual Fee: 350 rupees
– Card Perks:
– Bill payments, mobile recharges, and other transactions.
– Privileges to travel and stay.
– Reward points for hotel and flight reservations.
– Free access to airport lounges.
Age 18 to 65, steady income, and residence in a region that accepts credit cards are the requirements for eligibility.
Apply here.(https://apply.standardchartered.co.in/credit-card/provide-info/?card=1152588&pid=productpg_masthead_july&_ga=2.89954075.143663752.1694771928-2045024411.1694771928)

(5) SBI Card ELITE

– Joining Fee: 4,999 rupees plus GST
– Annual Fee: 4,999 rupees
– Card Perks:
– A free Silver Club Vistara membership.
– A free Red Tier membership for Trident Privilege.
– Free access to domestic airport lounges.
– A maximum of 50,000 Bonus Reward Points per year.
– A yearly cost of Rs. 6,000 for movie tickets.
– An e-Gift Voucher for Rs. 5,000 as a welcome gift.
– Age requirements of 21 to 60 for self-employed applicants and 18 to 65 for salaried applicants.
Apply here.(https://www.sbicard.com/sprint/elite)

6. Octane BPCL SBI Card

– Rs. 1,499 plus GST for joining.
– Annual Fee: 1,499 rupees
– Card Perks:
– Cashback of 7.25% on fuel purchases.
– 25X reward points or more.
– A 2,000 rupee e-gift voucher when you spend 3 lakh rupees.
– A 2 lakh rupee annual fee waiver.
Visits to domestic VISA lounges are free.
– Rs. 1 lakh in fraud insurance.
Strong credit score, Indian citizenship, and age above 18 are requirements for eligibility.
Apply here.(https://www.sbicard.com/sprint/bpclOctane)

7. Flipkart Credit Card from Axis Bank

– Joining Fee: 500 Rupees plus GST
– Annual Fee: 500 Rupees
– Card Perks:
– Free access to domestic airport lounges.
– 1

% discount with a monthly cap on fuel purchases (between Rs. 400 and 4,000).
– Discounts of up to 20% at 4,000+ partner restaurants.
– An amazing welcome package worth Rs. 1,100.
– Age requirements between 18 and 70, Indian citizenship, minimum wage for employees, and minimum income for independent contractors.
Apply here.(https://www.axisbank.com/retail/cards/credit-card/flipkart-axisbank-credit-card/features-benefits)

(8) HDFC Diners Club Privilege

– Joining Fee: 2,500 rupees plus GST
– Annual Fee: 2,500 rupees
– Card Perks:
– An annual membership that is free.
– 12 free visits to airport lounges.
– Rewards for weekend dining.
– Coverage for medical emergencies.
– A Rs. 500 voucher for TataCLiQ, Ola Select, or BookMyShow.
– Insurance for baggage delay or loss.
– Age requirements between 18 and 70, citizenship in India.
Apply here.(https://www.hdfcbank.com/personal/pay/cards/credit-cards/diners-privilege)

9. Xiss Vistara Signature Credit Card

– Rs. 3,000 in joining fees plus GST
– Annual Charge: Rs.
– Card Perks:
– Free Premium Economy ticket when paying by credit card.
– A free Silver Club Vistara membership.
– Rewards for using a Club Vistara card.
– Insurance advantages.
– Convert costs into recurring payments.
– Age 18-70, Indian citizenship, and a monthly income of at least Rs. 60,000 are requirements for eligibility.
Apply here.(https://www.axisbank.com/retail/cards/credit-card/axis-bank-vistara-signature-credit-card/features-benefits)

10. ICICI Credit Card with Amazon Pay

Joining Fee: None
– No yearly fee
Benefits of the card include: – No yearly fee.
– Extra Prime subscription.
– Upon clearance, a Rs. 200 Amazon gift card.
– 3% cashback at Whole Foods Market and Amazon.
– Age 18 to 60, CIBIL score of at least 750, and stable income are requirements.
Apply here.(https://www.icicibank.com/personal-banking/cards/credit-card/amazon-pay-credit-card)


What varieties of credit cards are there?

Credit cards with rewards, cashback, and travel benefits are available.

– Co-branded credit cards – Business credit cards
– Credit Cards for Students

Credit Cards That Are Secured

Retail Credit Cards

Do you allow online credit card applications?

Online credit card applications are available, yes.

Can a student apply for a credit card?*

Yes, you can apply for a credit card while you are a student. However, whether you are approved will depend on your age, income, and credit score.

What is the bare minimum credit limit that a credit card offers?

The minimum credit limit often ranges from 20,000 to 50,000 rupees.

It is advised to fully investigate and comprehend the terms and conditions of each of these cards before submitting an application.

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