Best Shopping Credit Card In India: Benefits, Rewards & Eligibility 2024

Using credit cards for shopping is a lucrative and easy approach to cutting costs on regular purchases. These cards are made to maximize savings for frequent consumers and come with a plethora of incentives like reward points, cashback, and exclusive discounts. Using a shopping credit card can help you earn points on every purchase, whether you choose to shop online, eat out, or spend money on necessities like groceries and gas. When you shop at particular businesses, these cards frequently come with exclusive deals from connected retailers, giving you even more savings.

Apart from cashback and reward points, numerous shopping credit cards provide lifestyle benefits like free admission to airport lounges, food discounts, and exemptions of fuel surcharges. By meeting specific spending limits, accruing more points, or avoiding renewal costs, users can also take advantage of milestone benefits. EMI conversion and interest-free periods are two characteristics that make shopping credit cards more than just a cost-effective way to pay for purchases.

Top 10 Best Shopping Credit Cards?

1. Cashback SBI Card
2. YES Bank Paisabazaar PaisaSave Credit Card
3. Amazon Pay ICICI Credit Card
4. Axis Bank ACE Credit Card
5. HDFC Millennia Credit Card
6. HDFC MoneyBack+ Credit Card
7. Flipkart Axis Bank Credit Card
8. HSBC Live+ Credit Card
9. American Express SmartEarn? Credit Card
10. SBI SimplyCLICK Credit Card

1. Cashback SBI Card

The Cashback SBI Card is ideal for frequent online shoppers who want to maximize their savings with cashback offers. The card gives a generous 5% cashback on all online purchases, with no restrictions on the platform, making it a top choice for regular online spending. For offline purchases, users get 1% cashback, providing value even in day-to-day spending. Additionally, this card offers a fuel surcharge waiver, adding more savings on fuel transactions. Whether for online or offline use, the Cashback SBI Card is designed to deliver consistent rewards, ensuring that cardholders enjoy significant savings across different spending categories. It’s well-suited for those who shop both online and offline and want simple, straightforward cashback.

• Joining Fee: ?999
• Renewal Fee: ?999
• Best Suited For: Online shoppers
• Welcome Benefits: N/A

2. YES Bank Paisabazaar PaisaSave Credit Card

The YES Bank Paisabazaar PaisaSave Credit Card offers cashback points on every transaction, making it a great option for online shoppers. It provides 3% cashback points on e-commerce transactions and 1.5% on all other spends, helping users save while shopping online or offline. The card is versatile, allowing users to redeem cashback points as statement credits, providing direct savings on future purchases. With additional perks like a fuel surcharge waiver and a renewal fee waiver for reaching an annual spend threshold, it’s designed to benefit regular spenders who want ongoing rewards. This card is perfect for users looking to save on a range of spending categories, both online and offline.

• Joining Fee: ?0
• Renewal Fee: ?499
• Best Suited For: E-commerce shoppers
• Welcome Benefits: N/A

3. Amazon Pay ICICI Credit Card

The Amazon Pay ICICI Credit Card is crafted for those who frequently shop on Amazon. With up to 5% cashback on Amazon purchases for Prime members, it allows for significant savings. Non-Prime members can still enjoy 3% cashback on Amazon, and the card also gives 2% cashback at Amazon Pay partner merchants. The card’s rewards extend to offline purchases as well, offering 1% cashback on non-Amazon spending. With no joining or annual fees, this card is a cost-effective option for regular Amazon shoppers, combining flexibility and value. It’s perfect for those who want cashback on online purchases and savings on a range of services.

• Joining Fee: ?0
• Renewal Fee: ?0
• Best Suited For: Amazon shoppers and Prime members
• Welcome Benefits: Welcome offer/rewards of INR 2,500 for Prime members and INR 2,000 plus three months of Prime membership for non-Prime members.

4. Axis Bank ACE Credit Card

The Axis Bank ACE Credit Card is designed to offer significant cashback rewards for everyday expenses, including utility bills, recharges, and food delivery. With 5% cashback on utility bills paid via Google Pay and 4% cashback on food delivery through Swiggy, Zomato, and Ola, this card provides excellent value for daily spenders. It also offers 1.5% cashback on other offline and online purchases, making it versatile for a range of spending needs. The card further includes travel benefits like complimentary lounge access and a fuel surcharge waiver, adding even more value. It’s ideal for individuals seeking everyday cashback rewards, alongside travel perks.

• Joining Fee: ?499
• Renewal Fee: ?499
• Best Suited For: Utility payments and food delivery
• Welcome Benefits: N/A

5. HDFC Millennia Credit Card

The HDFC Millennia Credit Card is geared toward frequent online shoppers and diners. It provides 5% cashback on top e-commerce platforms like Amazon, Flipkart, and Myntra, making it ideal for those who regularly shop online. Users also receive 1% cashback on other categories, including offline spending. In addition to its shopping benefits, the card offers exclusive dining discounts, making it attractive to food enthusiasts. For frequent travelers, it offers lounge access, adding a touch of luxury to travel experiences. This card is designed for consumers who want a combination of cashback rewards and lifestyle benefits across shopping, dining, and travel.

• Joining Fee: ?1,000
• Renewal Fee: ?1,000
• Best Suited For: Online shoppers and frequent diners
• Welcome Benefits: 1000 CashPoints (available only if joining membership cost has been paid)

6. HDFC MoneyBack+ Credit Card

The HDFC MoneyBack+ Credit Card offers lucrative cashback rewards for online shopping enthusiasts, providing 10X CashPoints on popular platforms like Amazon and Flipkart. It’s ideal for those who want to maximize rewards for their everyday purchases. Additionally, it offers 5X CashPoints on EMI transactions at select merchants, catering to users who prefer flexible payments. The card also includes milestone benefits such as gift vouchers, further rewarding users for consistent spending. Whether it’s daily shopping or larger purchases, the MoneyBack+ Credit Card is perfect for consumers who want to accumulate cashback points for future savings while enjoying regular rewards.

• Joining Fee: ?500
• Renewal Fee: ?500
• Best Suited For: Online shoppers
• Welcome Benefits: 500 CashPoints

7. Flipkart Axis Bank Credit Card

The Flipkart Axis Bank Credit Card is created for frequent Flipkart users, offering 5% cashback on Flipkart and Cleartrip. It extends to 4% cashback on partner merchants like Swiggy, Uber, and PVR, making it versatile for daily spending. Users benefit from travel perks with complimentary lounge access, along with activation benefits from Flipkart and Swiggy. With a reasonable joining fee, which can be waived on high spending, this card offers excellent value for regular shoppers and travelers alike. It is perfect for those who frequently use Flipkart, and want cashback rewards on a range of other services, including food delivery and travel.

• Joining Fee: ?500
• Renewal Fee: ?500 (waived on spending ?3.5 lakh annually)
• Best Suited For: Flipkart shoppers and frequent travelers
• Welcome Benefits: Worth ?600 Activation benefits

8. HSBC Live+ Credit Card

The HSBC Live+ Credit Card is crafted for users who prioritize dining, grocery shopping, and food delivery. It offers a generous 10% cashback on these categories, allowing users to save significantly on daily essentials. For all other purchases, the card offers a steady 1.5% cashback, making it a good choice for everyday spending. Cardholders also enjoy complimentary lounge visits and dining discounts, enhancing their lifestyle benefits. This card is ideal for individuals who want to earn consistent cashback on daily purchases while enjoying additional perks such as travel benefits and waived fees upon reaching specific spending milestones.

• Joining Fee: ?999
• Renewal Fee: ?999 (waived on spending ?2 lakh annually)
• Best Suited For: Dining and grocery shoppers
• Welcome Benefits: ?1,000 cashback on spending Rs. 10,000 within 30 days

9. American Express SmartEarn? Credit Card

The American Express SmartEarn? Credit Card offers a comprehensive rewards program, particularly for users who shop on platforms like Flipkart, Amazon, and Myntra. With 10X Membership Rewards? Points on select platforms and 5X points on Amazon, the card provides significant value for online shoppers. It also offers milestone benefits, including vouchers, making it attractive for frequent users who meet annual spending targets. The card is designed to provide maximum rewards for online shopping and offers flexible reward points that can be redeemed in various ways, catering to users who want to accumulate rewards while shopping across a variety of online services.

• Joining Fee: ?495
• Renewal Fee: ?495
• Best Suited For: Online shoppers and those looking for rewards
• Welcome Benefits: Welcome gift of ?500 as a statement credit on spending ?10,000 in the first 90 days of card membership

10. SBI SimplyCLICK Credit Card

The SBI SimplyCLICK Credit Card is focused on rewarding frequent online shoppers. It offers 10X reward points on purchases made at top brands like BookMyShow, Dominos, and Myntra, while providing 5X points on other online transactions. The card is ideal for users who want to maximize rewards while shopping at popular e-commerce platforms. It also offers milestone benefits, including e-vouchers for reaching specific spending targets, adding even more value to the card. With its wide range of reward-earning options, the SimplyCLICK Credit Card is perfect for individuals who regularly shop online and seek generous rewards for their spending.

• Joining Fee: ?499
• Renewal Fee: ?499
• Best Suited For: Online shoppers at major brands
• Welcome Benefits: As a welcome bonus, 500 rupee Amazon gift cards are given.

Benefits of Using Shopping Credit Cards

• Cashback & Rewards: Earn cashback on purchases or reward points that can be redeemed for gift vouchers, discounts, or merchandise.
• Exclusive Offers: Get access to special deals, discounts, and promotions from partnered retailers and e-commerce platforms.
• Travel & Lifestyle Perks: Many cards offer complimentary lounge access, dining discounts, and fuel surcharge waivers, enhancing your overall experience.
• Flexible Spending: Enjoy rewards across a wide range of categories, from shopping to dining and travel, making everyday spending more rewarding.
• Milestone Benefits: Some cards offer bonus rewards or vouchers when you reach specific spending milestones during the year.
• Interest-Free Period: Shopping credit cards often come with an interest-free period of up to 45-50 days, allowing you to manage payments efficiently.

How to Apply for a Shopping Credit Card

• Online Application: Visit the bank's website, choose the card that suits your needs, and complete the application form with personal and income details.
• Offline Application: Visit a bank branch, fill out the necessary forms, and submit the required documents for processing.
• Verification: Banks usually conduct a verification process based on the information provided in your application.
• Approval & Issuance: After your application is approved, the credit card is issued and delivered to your address within a few days.
• Document Submission: Documents like identity proof, income proof, and address proof must be submitted for both online and offline applications.
• Fast & Convenient: Whether applying online or offline, the process is quick and hassle-free, enabling you to easily get the card that best fits your needs.

Read Also >> Best First Credit Card In India 2024

Eligibility Criteria to Apply for a Shopping Credit Card

• Minimum Age: Applicants must be at least 18 years old; some banks may require a minimum age of 21.
• Indian Residency: Applicants must be Indian residents with valid identification, such as Aadhaar or passport.
• Income Requirements: Banks typically have a minimum income threshold, which varies based on the credit card type. Income proof like salary slips or tax returns is required.
• Credit Score: A good credit score (usually 700 and above) significantly increases your chances of approval and may grant better credit card features.
• Stable Employment: Salaried individuals or self-employed applicants must show consistent income to meet the bank's criteria.
• No Loan Defaults: Applicants should have no history of loan defaults or overdue debts, as this could affect the application approval process.
• Address Proof: Providing a valid address proof is necessary for completing the application.

How to Get the Best Reward Points Using a Shopping Credit Card

Maximizing reward points with a shopping credit card can significantly enhance your savings and benefits. By following a few simple strategies, you can get the most out of your card.

• Use Your Card for Everyday Purchases: Make sure to use your shopping credit card for daily essentials like groceries, fuel, dining, and online shopping. Many cards offer increased reward points for such categories, helping you accumulate points quickly.
• Shop with Partner Merchants: Most shopping credit cards have partnerships with specific retailers and e-commerce platforms. These merchants often offer higher reward point multipliers on purchases, allowing you to earn more for each rupee spent. Always check for these partners before making a purchase.
• Leverage Bonus Categories: Credit card companies frequently run promotions on specific categories like dining, travel, or shopping. Use your card during these periods to earn bonus reward points, sometimes even doubling or tripling the points per transaction.
• Keep Track of Spending Milestones: Many shopping credit cards offer milestone rewards when you reach certain spending thresholds, such as ?50,000 or ?1,00,000 annually. Be mindful of these limits to earn extra reward points or vouchers.
• Combine Offers & Discounts: Utilize reward points alongside other discounts, such as sale periods or bank cashback offers. This way, you not only save but also accumulate more points on reduced prices.
• Redeem Wisely: Always aim to redeem your reward points on high-value options like gift cards, travel bookings, or cashback. Avoid low-value redemptions like minor merchandise purchases.

Conclusion?

When it comes to rewards and ease for regular spending, shopping credit cards are great financial instruments. With the correct card, you can take advantage of key features like cashback, reward points, and lifestyle benefits, as well as optimize your savings on purchases. There is a shopping credit card designed to fit your demands, regardless of whether you buy online frequently, spend a lot on meals, or prefer to do business offline. Your spending will go toward future savings if you can earn incentives on regular expenditures like food, gas, and utility bills.

Long-term cost-effectiveness is achieved by shopping with credit cards because of additional incentives like fee exemptions and milestone awards. A lot of cards also come with travel and lifestyle benefits, such as free entry to lounges and waivers of fuel surcharges, which improve the whole experience. To reap the greatest rewards, it's crucial to take your buying patterns into account and select a credit card that suits your style of shopping. When used responsibly, a retail credit card may make ordinary purchases feel worthwhile.

You may make the most of the card's features by keeping up with cashback rates, partner retailers, and ongoing promotions. When used wisely, a shopping credit card can be an excellent option for astute consumers who wish to increase the value of every purchase they make.

FAQs

Q1. What advantages do credit cards for shopping offer?

Ans: In addition to exclusive discounts, cashback, reward points, and lifestyle benefits like free eating, lounge access, and fuel surcharge exemptions are all offered by shopping credit cards. Particularly when used at partner shops or during exclusive promotions, these cards offer savings on regular purchases.

Q2. Does a shopping credit card come with an annual fee?

Ans: Certain retail credit cards include an annual fee; however, some may waive the fee once you meet certain spending targets. It's critical to select a credit card that complements your spending style and determine if the advantages and perks exceed the costs.

Q3. When I make purchases offline, can I get rewards?

Ans: Yes, the majority of credit cards designed for shopping let you accrue points for both online and physical transactions. Certain cards might give greater reward rates for particular categories, such as restaurants, groceries, and gas; other cards might give a fixed payback percentage on all purchases.

Q4. What is a milestone perk when it comes to credit card shopping?

Ans: Milestone benefits refer to incentives or bonuses that are awarded upon meeting a predetermined spending threshold during a designated timeframe. These could be in the form of extra cashback, coupons, or waivers of fees, enabling you to accrue more incentives for regular purchasing.