Top Entry-level Rewards Credit Cards
Standard Chartered Rewards Credit Card
On-boarding benefits
2,500 bonus Reward points
Rewards Rate
4 reward points are given on purchase of INR 150
Joining Fees
INR 1000 + taxes
Axis Bank Magnus Credit Card
Welcome Benefits
Choose a gift voucher worth INR 12,500 from one of yatra or postcard hotels.
Rewards Rate
12 Axis EDGE REWARDS points for every INR 200 spent with card. 5X Travel rewards on travel spends via TRAVEL EDGE.
Joining Fees
Rs. 10,000 – Rs. 12,500 + Taxes
Standard Chartered Ultimate Credit Card
On-boarding Benefits
Avail Complimentary annual membership of Forbes, Club Marriot, Times Prime, MMT black amazon prime on spending of INR 1,50,000 or even more in the first day of issuance.
Reward Points
5 Rewards points on every spend of Rs 150. 10x reward points on Smart buy and 2X on dining ones.
Joining Fees
Rs 5000
Bank of Baroda Eterna Credit Card
On-boarding Benefits
Welcome benefit of Complimentary MMT Black Elite and Club Vistara Silver Tier membership on spending over 1 lakh inside 90 days of getting issued.
Reward Points
Get 4 reward points on every spend of Rs 150 on retail including utilities, insurance and education. Get 20 Reward points on every spend of Rs 150 on Myntra and other online shopping platforms.
Joining Fees
INR 2,500 + Taxes
How do Reward Credit Cards work?
Although all the Rewards Credit Cards, the redemption of those rewards can vary for each and every rewards credit card. Some cards may allow you to redeem against anything you want while some have specific categories to redeem the Reward points for. Just keep in mind that it is not necessary that a card providing 10 reward points per INR 100 is better than a card providing 5 reward points on spending INR 100.
Perks of Reward Credit Cards
If you use them wisely, Reward Credit Cards are now more advantageous than they seem to be.
- Everyone can afford rewards credit cards as many cards with no or low annual fee.
- On every purchase using the reward credit card, you can save generously.
- Rewards Credit cards offer exciting on-boarding benefits and renewal bonuses.
- Redemption of reward points can be done against a lot of categories including shopping, vouchers, and even cashback.
- Rewards credit cards not only provide reward points but several other exciting benefits including movie and dining benefits.
Closing words
Almost every other card comes with rewards and benefits but it is very important to choose a card that meets requirements. Just analyze where you spend the most, compare the best reward credit cards based on their fees and benefits, and then opt for the one that meets all your requirements. It will require a bit of research but, in the end, you will end up making the right choice when it comes to reward credit cards.
Frequently asked questions related to Rewards Credit Cards
Reward credit cards offer you with reward points every time you transact using the same credit card. These reward points can be later redeemed against gift vouchers, purchases, and a lot more.
Reward Credit Cards offer you many rewards points every time you use your card for a transaction. So, definitely, they are worth it.
There is no one particular card that offers the best rewards. It again depends on your requirements and spending behavior, the above-mentioned are some of the best reward credit cards.
Yes, of course, you can redeem the reward points against the cashback.