IndiaLends Advisory

By IndiaLends Advisory

Nov 27, 2018

Top 5 Credit Cards To Consider If You Have A Shiny Credit Score

We all know the importance of a credit score when it comes to instant approval on credit cards. Having a good credit score not only improves the chances of getting easy approval but also acts as the door to the world of premium credit cards.

That said, here are the top 5 credit cards to consider if you have a shiny credit score:


1. SBI PRIME Credit Card

Top 5 Credit Cards To Consider If You Have A Shiny Credit Score

SBI Prime is a premium credit card that offers benefits and privileges on dining, shopping, travel and more. It is an all-rounder card for individuals who are finding ways to save money. One of the best benefits of SBI Prime is the welcome vouchers worth ₹3000 from Shoppers Stop, Pantaloons, Marks and Spencer, Yatra or Bata/Hush Puppies.

1 Reward Point = ₹0.30 (SBI Prime Portal)

Features of SBI PRIME Credit Card 

→ Welcome e-gift vouchers worth ₹3,000

→ 20 Reward Points per ₹100  spent on your birthday

→ Get 20 Reward Points per ₹100 spent on standing instructions of Utility Bills payments

→ Get 15 Reward Points per ₹100 spent on BigBasket, Reliance Fresh, Reliance Smart, Reliance Footprint, Reliance Trends, and Sahakari Bhandar stores

→ 10 Reward Points on every ₹100 spent on Grocery, Dining, Movie and Departmental store spends

→ 4 complimentary visits per year to International Priority Pass Lounges, outside India (max. 2 visits per quarter)

→ 8 complimentary visits per year to Domestic VISA/Mastercard Lounges in India (max. 2 visits per quarter)

→ Complimentary Trident Privilege Red Tier Membership

→ Pizza Hut vouchers worth ₹1000 on spends above ₹50,000

→ Annual fee reversal on spends of ₹3 Lakhs or above

→ Milestone e-gift voucher worth 7,000 from Yatra/Pantaloons(annual spends of ₹5 Lakhs or more)

Fees and Charges

Joining Fee
Annual Fee
Late Payment Fee
Overlimit Charges
Add-on Fee (per annum)
 

₹2,999

 

₹2,999

 

₹0 to ₹200 – NIL

₹200 to ₹500 – ₹100

₹500 to ₹1,000 – ₹400

₹1000 – ₹10,000 – ₹500

Greater than ₹ 10,000 – ₹750

 

2.5% of over limit amount subject to a minimum of ₹ 500

 

NIL


Apply for SBI Prime Credit Card


2. HDFC Regalia First Credit Card

Top 5 Credit Cards To Consider If You Have A Shiny Credit Score

The HDFC Regalia First comes with a host of benefits ranging from complimentary lounge access, fuel surcharge waiver and air accidental coverage. It is a premium credit card and caters to individuals with travel needs.

1 Reward Point = ₹0.30 (HDFC Regalia Portal)

Features of HDFC Regalia First Credit Card 

→ 4 Reward Points for ₹150 spent

→ 40 Reward points on every ₹150 spent at BookMyShow, UBER, Go Air, and more.

→ 5% Cashback on Telecom, Electricity, Government/Tax, Railway, Hotels & Dining and Taxi on minimum monthly spends of ₹15,000.

→ Fuel Surcharge waiver of up to ₹6,000 per year

→ 7,500 bonus points every year on spends of ₹6 Lac.

→ Complimentary International Lounge access* (outside India) via Priority Pass membership

→ Complimentary Domestic lounge access via Visa/MasterCard Lounge programme

→ Up to 15% discount on dining at premium restaurants across India

→ Air Accidental Death coverage – 30L (Emergency Overseas Hospitalisation – 10L)

Fees and Charges

Joining Fee Annual Fee Late Payment Fee Overlimit Charges
 

₹1000

 

₹1000

 

Less than ₹100 – Nil

₹100 to ₹500 – ₹100/-

₹501 to ₹5000 – ₹400/-

₹5001 to ₹10000 – ₹500/-

₹10001 and above – ₹750/-

 

2.5% of over limit amount subject to a minimum of ₹ 500

Apply for HDFC Regalia First Credit Card


3. American Express EveryDay Spends Card

Top 5 Credit Cards To Consider If You Have A Shiny Credit Score

The American Express EveryDay Spends Card is an all-rounder card for individuals who love shopping, dining and traveling. Since American Express is known to provide one of the highest redemption value, the EveryDay Spends card is good for someone who is in the medium level of income.

1 MR Point = ₹0.25 (from the website)

The features of American Express EveryDay Spends Card are:

→ Welcome gift of ₹500 on spending ₹10,000 in first 90 days

→ Fee waiver on spending ₹39,999 in a card membership year

→ 10x (10 MR points on ₹50) on Flipkart and Ola.

→ 5x (5 MR points on ₹50) on PVR, BMS, BigBazaar, D-Mart, Uber, Amazon, and ShopClues.

→ Easy conversion of spends into EMIs of 12% pa and zero foreclosure charges

→ 1 Membership Rewards Point on every ₹50 spent except for spend at Fuel, Utilities, Insurance, and Cash Transactions

→ Zero Lost Card Liability

Fees and Charges

Joining Fee Annual Fee Overlimit Charges Add-on Fee (per annum)
 

₹495

 

₹495

 

₹500

 

NIL

Apply for American Express EveryDay Spends Card


4. Citi PremierMiles Card

Top 5 Credit Cards To Consider If You Have A Shiny Credit Score

The Citi PremierMiles card is popular due to its feature of converting the reward points into lots of international hotel/airline loyalty programs. Citi Bank is one of the most partnered banks with major hotel stays, both nationally and internationally. This card is most beneficial for travelers as the redemption value is highest when used against hotel and flight bookings.

1 Reward Point = ₹0.45 (Premier Miles Portal)

The unique features of Citi PremierMiles card are:

→ 10,000 Miles on spending of ₹1,000 within the first 60 days

→ 10 Miles on every ₹100 spent on flight tickets and hotel stays bookings(Premier Miles Portal/select partners)

→ Complimentary access at key airport lounges across India

→ Complimentary Air Accident Insurance coverage up to ₹1 crore

→ Up to 15% savings on dining across participating restaurants

Fees and Charges

Joining Fee Annual Fee Late Payment Fee Overlimit Charges Add-on Fee (per annum)
 

₹2,999

 

₹2,999

 

₹0 to ₹200 – NIL

₹200 to ₹500 – ₹100

₹500 to ₹1,000 – ₹400

₹1000 – ₹10,000 – ₹500

Greater than ₹ 10,000 – ₹750

 

 

2.5% of over limit amount subject to a minimum of ₹ 500

 

NIL

Apply for Citi PremierMiles Card


5. ICICI Rubyx Credit Card

Top 5 Credit Cards To Consider If You Have A Shiny Credit Score

The ICICI Rubyx credit card is the first dual Platinum credit card in India. It is an upgraded version of the coral credit card offered by ICICI. The card comes in two variants, mainly, American Express or Mastercard, and depending on the same offers a host of benefits.

1 Reward Point = ₹0.25 (ICICI Rubyx Portal)

Some of the key features of ICICI Rubyx credit card are:

→ Joining vouchers worth ₹5000 and a complimentary set of Sennheiser HD219 Headphones on payment of joining fee

→ Up to 15,000 PAYBACK points every anniversary year.

→ Up to 2 complimentary rounds of golf every month at the golf course

→ complimentary domestic airport lounge visits of up to 2 every quarter

→ 2 complimentary domestic railway lounge visits every quarter

→ 2 complimentary movie tickets every month under the BOGO offer through BookMyShow website.

→ 2X reward points on all international transactions on your card.

→ Minimum 15% savings on dining bills at over 2,500+ restaurants across India through Culinary Treats Programme

Fees and Charges

Joining Fee

Annual Fee

Late Payment Fee

Overlimit Charges

Add-on Fee (per annum)

₹3000+GST ₹2000+GST  

Less than ₹100 – NIL

Between ₹100 – ₹500 – ₹100

Between ₹501 – ₹10,000 – ₹500

More than ₹10,000 – ₹750

 

2.5% of over limit amount subject to a minimum of ₹ 500

NIL

Apply for ICICI Rubyx Credit Card


So there you go! These are the top 5 credit cards that can be considered when you have an excellent credit score.

Check your credit score for ₹1200 FREE!

Please note all the above credit cards have their own set of eligibility criteria which needs to be met before getting instant approval. IndiaLends is a digital lending and borrowing marketplace that can help you find the best credit cards as per your credit profile.

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