Best Credit Card In India For Salaried Person-2024

In India, credit cards are now considered a necessary financial tool for those with salaries because they provide a practical means of tracking spending, accruing points, and getting special advantages. Choosing the best credit card can greatly improve your financial experience, especially with the wide range of options available on the market. With care chosen to accommodate a range of spending patterns, lifestyles, and financial objectives, this list presents the top 10 credit cards available in India for individuals with salaried incomes.?

There's a card on our list that suits your needs, whether you travel frequently, shop online frequently, or want to optimize rewards on everyday costs.? To help you get the most out of your spending, each card has special perks like cashback, reward points, lounge access, and meal savings. It will be easier for you to make a financially responsible choice if you are aware of the advantages and disadvantages of each card.

Top 10 Best Credit Cards in India for Salaried Persons?

1. American Express Membership Reward Credit Card
2. HDFC Bank Regalia Credit Card
3. SBI SimplyClick Credit Card
4. SBI Prime Credit Card
5. HSBC Visa Platinum Credit Card
6. IndianOil Citi Platinum Credit Card
7. ICICI Amazon Pay Credit Card
8. Citibank Cashback Credit Card
9. Axis Bank Insta Credit Card
10. Citibank PremierMiles Credit Card

1. American Express Membership Reward Credit Card

The American Express Membership Reward Credit Card is a premium option for salaried individuals with a minimum annual income of ?6 lakhs. It offers excellent rewards on everyday spending, particularly for fuel, insurance, and utilities. The card is designed for those who value exclusive dining discounts and want to maximize rewards on high-value purchases. Renewal fees can be waived based on spending, making it both economical and rewarding. With a waived joining fee through referral links and additional benefits like zero lost card liability, this card is ideal for high-spenders seeking value and premium rewards.

• Joining Fee: ?1,000 (waived with referral)
• Renewal Fee: ?4,500 (waived on spending ?1.5 lakh annually)
• Best Suited For: High spenders and dining enthusiasts
• Welcome Benefits: 4,000 Bonus Membership Rewards? Points

2. HDFC Bank Regalia Credit Card

The HDFC Bank Regalia Credit Card, which has an annual income requirement of ?12 lakh, is a great option for those with high incomes. It provides substantial benefits and incentives, particularly for regular passengers, such as free lounge access and the option to exchange awards for airline miles. With enough expenditure, the card's renewal charge may be avoided, offering value and flexibility. This card is a flexible and worthwhile choice for individuals who frequently travel and desire premium advantages across a range of lifestyle categories. It also comes with extra features like Zomato Gold membership and significant reward points for high spenders.

• Joining Fee: ?2,500
• Renewal Fee: ?2,500 (waived on spending ?3 lakh annually)
• Best Suited For: Frequent travelers and high spenders
• Welcome Benefits: Complimentary Club Vistara Silver Tier and MMT Black Gold membership

3. SBI SimplyClick Credit Card

SBI SimplyClick Credit Card is an excellent option for online shoppers with a monthly income of ?30,000 or more. It offers high rewards for online transactions with exclusive partners, including Amazon and BookMyShow. The card also provides valuable vouchers as part of the welcome offer and allows for the waiver of renewal fees through spending. This card is perfect for individuals who frequently shop online and want to maximize their rewards while enjoying additional benefits like a ?500 Amazon voucher. It’s a great choice for those who prefer online shopping and want to earn rewards effortlessly.

• Joining Fee: ?500 (waived on spending ?1 lakh annually)
• Renewal Fee: ?500 (waived on spending ?1 lakh annually)
• Best Suited For: Frequent online shoppers
• Welcome Benefits: Amazon voucher worth ?500

4. SBI Prime Credit Card

SBI Prime Credit Card is a versatile option offering multiple reward structures, including regular, milestone, and accelerated rewards. It’s designed for high spenders who can meet the ?3 lakh annual spending requirement to waive the renewal fee. With benefits like complimentary lounge access, club memberships, and significant reward points on dining and grocery expenses, this card is ideal for those who enjoy a premium lifestyle. The card also offers milestone rewards like Pizza Hut e-vouchers and vouchers from Yatra or Pantaloons, making it a valuable choice for those who want to earn rewards across various spending categories.

• Joining Fee: ?3,000 + Taxes
• Renewal Fee: ?3,000 + Taxes (waived on spending ?3 lakh annually)
• Best Suited For: High spenders and lifestyle enthusiasts
• Welcome Benefits: ?3,000 worth of vouchers

5. HSBC Visa Platinum Credit Card

The no-fee HSBC Visa Platinum Credit Card offers cashback and excellent incentives across a range of purchasing areas. It is intended for people who wish to forego annual fees while still taking advantage of savings on meals, lodging, and rewards on purchases. Strong welcome bonuses and transaction rewards make this card the perfect choice for frugal consumers looking to maximize their spending without going over their budget. In addition, the card provides discounts on Swiggy orders and BookMyShow vouchers, making it a well-rounded choice for regular spending.

• Joining Fee: None
• Renewal Fee: None
• Best Suited For: Budget-conscious individuals
• Welcome Benefits: ?2,000 voucher on first transaction

6. IndianOil Citi Platinum Credit Card

IndianOil Citi Platinum Credit Card is specifically designed for frequent drivers, offering 5% returns on fuel spends at IndianOil stations. With an easy renewal fee waiver and the ability to earn turbo points that can be redeemed for fuel, this card is ideal for those who want to optimize their fuel expenses. It’s a valuable tool for individuals looking to save on fuel costs while also earning rewards on other essential purchases.

• Joining Fee: ?1,000
• Renewal Fee: None (waived on spending ?30,000 annually)
• Best Suited For: Frequent drivers and fuel spenders
• Welcome Benefits: N/A

7. ICICI Amazon Pay Credit Card

For regular Amazon customers, especially Prime members, the ICICI Amazon Pay Credit Card is an excellent option. It provides sizable rewards on transactions with Amazon Pay partner merchants and Amazon purchases. For people who shop online frequently, the card is an affordable option because there are no annual or renewal fees. This card offers continuous savings and benefits, including reductions at partner restaurants and a remission of the fuel surcharge. It's perfect for people who desire the ease of a no-fee credit card combined with the ability to easily earn cashback on their regular expenses.

• Joining Fee: None
• Renewal Fee: None
• Best Suited For: Amazon shoppers and online spenders
• Welcome Benefits: N/A

8. Citibank Cashback Credit Card

Citibank Cashback Credit Card is a straightforward and practical option for those who prefer direct cashback over managing reward points. The card offers 5% cashback on essential expenses like movie tickets, utility payments, and telephone bills. With a low annual fee and the ability to convert large purchases into easy EMIs, it’s a great choice for individuals who want to save on everyday spending without the hassle of tracking rewards. The card also provides dining discounts, making it an attractive option for those who want to maximize their savings on both essential and lifestyle purchases.

• Joining Fee: ?500
• Renewal Fee: ?500
• Best Suited For: Individuals seeking cashback on essential spends
• Welcome Benefits: N/A

9. Axis Bank Insta Credit Card

Axis Bank Insta Credit Card is a secured credit card option ideal for individuals looking to build or improve their credit score. It can be obtained against a fixed deposit and offers rewards on both domestic and international spending. The card also provides discounts at partner restaurants and allows for the redemption of points for travel vouchers. It’s a versatile option for those who want to enjoy rewards while maintaining financial security. With no annual or renewal fees, this card is a practical choice for users seeking to establish or enhance their credit profile.

• Joining Fee: None
• Renewal Fee: None
• Best Suited For: Individuals looking to build credit and enjoy travel rewards
• Welcome Benefits: N/A

10. Citibank PremierMiles Credit Card

Citibank PremierMiles Credit Card is a top choice for frequent travelers, offering miles that never expire and significant rewards on travel bookings. With a generous welcome gift of 10,000 miles and the ability to earn additional miles on every renewal, it’s designed for those who prioritize travel benefits. The card also offers complimentary lounge access at domestic airports and discounts at partner restaurants. It’s an excellent option for jet-setters who want to earn and redeem miles without worrying about expiration, making it a highly rewarding choice for travelers.

• Joining Fee: ?3,000
• Renewal Fee: ?3,000
• Best Suited For: Frequent travelers and air mile collectors
• Welcome Benefits: 10,000 miles as a welcome gift

How to choose the right credit card?

It's important to take your time selecting the ideal credit card to make sure it fits your spending patterns and financial objectives. This is how you can decide with knowledge:

• Determine Your Spending Habits: Start by assessing how you plan to use your credit card. Identify whether you need a card that offers rewards, cashback, or one designed for specific categories like travel, shopping, or dining. Understanding your spending habits will help you select a card that maximizes your benefits.
• Compare Credit Card Features: After you've determined exactly what you need, compare the features of several credit cards. Examine elements including annual fees, bonus categories, rewards programs, and interest rates. You can use this comparison to find the cards that provide the most value overall for your particular needs.
• Evaluate Fees and Charges: It's crucial to be aware of all the fees associated with a credit card. Consider whether you are comfortable paying an annual fee, or if a no-fee card would be more suitable. Additionally, examine other charges like foreign transaction fees, late payment fees, and interest rates, which can significantly impact your overall costs.
• Look Beyond Initial Perks: While welcome bonuses and rewards are attractive, they shouldn’t be the sole factor in your decision. Consider the long-term benefits and whether the card offers value beyond the initial sign-up offers.

By carefully evaluating these factors, you can choose a credit card that offers the best balance of rewards, fees, and overall value.

Earning and Redeeming Credit Card Reward Points?

Credit card reward points are a great way to get extra value from your everyday purchases. To maximize your rewards, follow these simple steps:

1. Earning Rewards Points:

• Use Your Card Regularly: Pay for groceries, fuel, dining, and other daily expenses using your credit card to accumulate points quickly.
• Shop with Partner Merchants: Some credit cards offer bonus points when you shop with specific brands or merchants. Always check your card’s partner list.
• Opt for Online Transactions: Many cards offer extra points for online purchases. If you frequently shop online, use your card to earn more points.
• Utilize Special Offers: Credit card companies often provide promotions or bonus points for specific purchases or during festive seasons.
• Set Up Automatic Payments: Use your card for utility bills, insurance premiums, and subscriptions to earn points consistently.

2. Redeeming Reward Points:

• Browse the Rewards Catalog: Check your credit card’s rewards catalog to see what you can redeem your points for, including vouchers, products, or discounts.
• Transfer to Travel Partners: Some cards allow you to convert points into air miles or hotel stays, perfect for frequent travelers.
• Redeem for Cashback: If your card offers this option, convert your points into direct cash or statement credit.
• Use for Special Deals: Keep an eye out for limited-time offers that provide better value when redeeming points.

How to apply for a Credit Card?

Applying for a credit card is a straightforward process, but it’s essential to follow the correct steps to ensure approval. Here’s a simple guide to help you navigate the application process:

Step 1: Determine Your Needs

• Assess Your Spending Habits: Identify the type of credit card that suits your lifestyle, whether it’s for travel, cashback, or shopping rewards.
• Check Eligibility Criteria: Review the income requirements, age limits, and credit score needed for the card you’re interested in.

Step 2: Compare Credit Cards

• Research Different Cards: Compare various credit card offers, focusing on fees, interest rates, and rewards.
• Read the Fine Print: Understand the terms and conditions, including any hidden charges or penalties.

Step 3: Gather Required Documents

• Prepare Your Documents: Collect necessary documents like identity proof, address proof, and income statements.
• Keep Your Credit Score in Check: Ensure your credit score meets the minimum requirement for the card you’re applying for.

Step 4: Apply Online or In-Person

• Fill Out the Application Form: Complete the application form with accurate details, either online or at a bank branch.
• Submit the Application: Attach your documents and submit your application. You may receive instant approval or need to wait a few days for processing.

Step 5: Follow Up

• Track Your Application: Monitor your application status through the bank’s website or customer service until your card is approved and dispatched.

Conclusion?

Selecting a credit card that offers rewards, cashback, and other special benefits that fit your lifestyle can completely change the way you handle your finances. For salaried people with varying demands and tastes, the top 10 credit cards featured here offer a variety of possibilities. Every credit card has been chosen to maximize value while boosting your spending power. These range from expensive cards with huge travel bonuses to low-cost choices for internet shopping.?

You can choose a credit card that not only fits your short-term demands but also helps you achieve your long-term financial objectives by closely examining your spending patterns, contrasting features, and being aware of the related costs. Recall that using your credit card responsibly and making your payments on time are essential to maximizing its benefits and avoiding debt.

FAQs

Q1. As an employee, what factors should I take into account while selecting a credit card??

Ans: To make sure the credit card fits your lifestyle, it's important to evaluate your spending patterns before choosing one. Consider cards that provide access to lounges or travel perks, for example, if you are a regular traveler. Make sure you meet the requirements by reviewing the income requirements and other qualifying conditions. To keep your savings safe from unintentional expenses, it's critical to compare fees and interest rates. Additionally, you can select a card that gives the most rewards based on your purchasing habits by being aware of the reward systems of the various cards.

Q2. How can I use my credit card's benefits to their fullest??

Ans: Use your credit card often for regular expenses like groceries, restaurants, and petrol to get the most out of your benefits. Keep an eye out for specials or bonus categories that offer additional benefits for particular purchases or partner merchants. You may boost your points even more by taking advantage of seasonal sales and special offers. To maximize your point accumulation, select the alternatives with the best value when redeeming your points, such as statement credits or trip vouchers.

Q3. Can the yearly charge on my credit card be waived??

Ans: If you satisfy certain spending requirements within the first year of use, many credit cards remove the annual charge. Furthermore, if you have strong credit or have been a customer for a long time, you might be able to work with your bank to waive a fee. Certain cards provide referral schemes whereby you may get your friends to sign up for the card and have the annual cost eliminated. Alternatively, even though they can have less perks and rewards, take into account credit cards without an annual fee.

Q4. What are the main advantages of a credit card for someone who is employed?

Ans: Convenience and the ability to control spending without using cash are only two benefits of owning a credit card. Credit cards offer chances to receive cashback, points, or discounts on a range of purchases, which can result in financial savings. When utilized sensibly, they can also raise your credit score, which is advantageous for upcoming loans and other financial transactions. Furthermore, credit cards can provide special benefits like dining discounts, travel insurance, and lounge access, which can improve your overall quality of life and money management.