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HomeCurrencyList of 10 Best Credit Cards in India in 2020

List of 10 Best Credit Cards in India in 2020

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It can be difficult to find the best credit card in India as almost all major banks offer many credit cards that come with different features and benefits. Some cards are made for shopping and therefore they come with an excellent rewards program while others are cards that are filled with travel privileges. For a user, choosing the right credit card from the pile of available options can be difficult. Therefore, to make the selection easy, here we have listed the top 10 best credit cards in India which may be useful for you.


Top 10 Credit Cards Annual Fee Best Suited For Minimum Income Required#
The American Express Membership Rewards® Credit Card Rs. 1,000* Rewards Rs. 40,000 p.m. for applicants below 32 years of age; Rs. 50,000 p.m. for others
Indian Oil Citibank® Platinum Credit Card Rs. 1,000* Fuel Rs. 25,000 p.m.
HSBC Cashback Credit Card Nil Shopping Rs. 4,00,000 p.a.
Standard Chartered Super Value Titanium Credit Card Rs. 750 Shopping and Cashback Rs. 55,000 p.m.
HDFC Regalia Credit Card Rs. 2,500 Travel and Dining Rs. 90,000 p.m.
Amazon Pay ICICI Bank Credit Card Nil Shopping Communicated at the time of sourcing
Simply CLICK SBI Card Rs. 499* Online Shopping Rs. 20,000 p.m.
YES, FIRST Preferred Credit Card Nil Premium Lifestyle Rs. 1,20,000 p.m.
Citi Premier Miles Credit Card Rs. 3,000* Air Miles Rs. 25,000 p.m.
SBI Card Elite Rs. 4,999* Travel and Movies Rs. 60,000 p.m.



* GST Extra

#Income shown for salaried applicants only; Income may vary for self-employed applicants depending on the terms of the eligibility card issuer.


The SBI Card Elite is a perfect companion to your elite lifestyle as it comes with exclusive shopping vouchers from some premium brands such as movie ticket benefits, instant reward points, complimentary lounge trips, Club Vistara membership, and more. Some of the benefits of this top credit card for 2020 are:

Annual Fee: Rs. 4,999 + GST
Renewal Fee: 
Rs. 4,999 + GST
Minimum Income Required: Rs. 60,000 per month

  • Receive a welcome e-gift voucher of Rs. 5,000 from the trip, Bata / Hush Puppies, Pantaloons, Shoppers Stop, and Marks & Spencer
  • Get free movie tickets Rs. 6,000 in a year as Rs. 250 vouchers a month
  • On reaching the annual expenditure of Rs. 3 lakhs and 4 lakhs, get 10,000 bonus reward points
  • Earn 2 Reward Points per prize. 100 on all categories except fuel
  • Increase your reward earnings by 5 times while using credit cards for grocery, food, and department store purchases
  • Get access to over 1,000 airport lounges worldwide with complimentary priority pass membership
  • Visit 6 complimentary international airport lounges per year, subject to a maximum of 2 visits per quarter and 2 complimentary domestic lounge visits
  • Enjoy Complimentary Club Vistara Membership
Indian Oil Citibank Platinum Credit Card

If you are worried about rising fuel costs and are on an active search for ways to save a few bucks on it, then the Indian Oil City Bank Platinum Credit Card is one you should consider. This card is included in the top 10 credit cards in 2020 and has other benefits as well that you can find out below.

Annual Fee: Rs. 1,000 + GST

Renewal Fee: Rs. 1,000 + GST​​ (Exempt to spend Rs. 30,000 or more)

Minimum Income Required: Rs. 25,000 per month

  • Get up to 71 liters of free fuel every year in the form of fuel surcharge rebate and turbo points
  • Earn 4 Turbo Points for every Rs. 150 spent at authorized Indian Oil Retail Outlets across the country
  • Get 2 Turbo Points per month Rs. 150 on grocery and supermarket and 1 Turbo point on all other expenses
  • Accumulated Turbo Points Never End
  • Take advantage of exclusive concierge service by Citi Bank through which you can get various types of assistance on call
  • Pay by waving the card in front of a POS as it is a contactless card
  • Enjoy up to 15% off on meals at Citi Bank’s partner restaurants
Standard Chartered Super Value Titanium Credit Card

The Standard Chartered Super Value Titanium Credit Card is specially designed for those who like to get something in return each time. You get cashback and rewards on all expenses. It is one of those cards that offer cashback on fuel as well. Let us know more about this card below:

Annual Fee: Rs. 750 + GST

Renewal Fee: Rs. 750 + GST

Minimum Income Required: Rs. 55,000 per month

  • 5% cashback on fuel, phone recharges, and utility bill payment
  • Reward point on all other expenses of Rs. 150
  • Complimentary Priority Pass Membership
  • Offers and discounts on shopping, travel booking, food, etc. under Standard Chartered Good Life Program
  • Standard Chartered 360 ° Rewards Program for the redemption of rewards.
  • Credit card balance transfer up to 5 lakhs from other cards at a low-interest rate
  • Lifetime free add-on credit cards for family (spouse, children above 18 years, siblings and parents)
HSBC Cashback Credit Card

If you are a shopping enthusiast and prefer to shop in any case, then you should get a shopping credit card that either offers discounts or offers cashback. The HSBC Cashback Credit Card is a card that offers cashback on all your purchases. Let’s take a look at some features of this credit card:

Joining Fee: Nil

Renewal Fee: Rs. 750 + GST (Exempt to spend Rs. 1 lakh in the previous year)

Minimum Income Required: Rs. 4,00,000 per year

  • 2 domestic or international airport lounges access or 2 airport food vouchers worth Rs. 400 each and Swiggy vouchers worth Rs. 250 as a welcome benefit
  • Except for wallet transactions 1.5% cashback on all online spends
  • 1% cashback on all other expenses
  • Zero joining fee
  • Cashback also applies to EMIs (Equated Monthly Installments)
  • 15% discount on dining at partner restaurants
  • Option to pay credit card dues in EMIs on balance transfer, loan-on-phone, cash-on-EMI, etc.
  • Provides periodic companionship on Big Basket, Amazon Pantry, MakeMyTrip, etc.
  • Zero lost card liability, emergency card replacement, global card usage, cash advance, etc.

If you are looking for a credit card that offers something for every category, then HDFC Regalia should be your first choice. It offers discounts on food, offers on travel, a good rewards program, and a comprehensive security plan. Give us more information about HDFC Regalia Credit Card:

Annual Fee: Rs. 2,500 + GST

Renewal Fee: Rs. 2,500 + GST (Exemption for spending Rs. 3 lakhs in the previous calendar year)

Minimum Income Required: Rs. 90,000 per month

  • Zomato Gold Membership for one year at a cost of Rs. 75,000 within the first 3 months of credit card issuance
  • 2,500 Reward Points on payment of joining fee and renewal fee every year
  • 12 complimentary domestic airport lounges used in each calendar year
  • Access to 12 international lounges every year for self and add-on members under Priority Pass Membership active on 4 retail transactions
  • 24 × 7 travel concierge service for booking, travel, late-night deliveries, etc.
  • Priority dining facility at the top restaurants across the country under the Good Food Trail Dining Program.
  • 4Reward Points for every Rs. 150 has been spent on all retail expenses including utility bills, insurance, education, rent, etc.

• 10,000 Reward Points for spending Rs 5 lakh on the card and additional 5000 points on the achievement of Rs 8 lakh

  • 1% fuel surcharge exemption on all transactions between Rs. 400 and Rs. 5,000 at all petrol pumps of the country
  • Discounts on flight and hotel booking, vouchers, gifts, and products, etc., with 70% redemption of ticket fare for hotel and flight
  • Air Accidental Death Cover of Rs. 1 crore
  • Emergency foreign hospitalization cover of up to Rs. 15 Lakh

If you shop frequently on Amazon, then Amazon Pay ICICI Credit Card is specially designed for you. You get huge discounts on purchases as well as cashback. Apart from Amazon purchases, you also get cashback on other expenses. The best thing about this credit card is that you get all these benefits for free as there is no charge or renewal fee included on this card. Below mentioned are the details of this credit card:

Annual Fee: Nil
Renewal Fee: Nil

  • 5% cashback on all purchases on Amazon for Amazon Prime customers in addition to current offers
  • 3% cashback on all purchases for non-core customers
  • 2% cashback on Amazon partners and gift card purchases
  • 2% Reward Points on recharges, bill payments, etc.
  • 1% cashback on all other purchases
  • 1% fuel surcharge exemption at all petrol pumps across India
  • 1 Reward Point = 1 Rupee
  • For 3 or 6 months no-cost EMI on all purchases above Rs. 3,000
  • Additional cashback for Prime as well as non-Prime members in the form of Amazon Pay Balance
  • Reward Points are automatically converted to Amazon Pay Balance and credited to Amazon Account as Amazon Pay Balance

Simply Click SBI Card

If you want to get the maximum benefit from your online expenses, just click the SBI card is one of the best cards that you can choose. This gives you up to 10X reward points with discount offers on your online expenses, making it the best fit for shopaholics.

Annual Fee: Rs. 499 + GST
Renewal Fee: 
Rs. 499 + GST
Minimum Income Required: Rs. 20,000 per month

  • Get vouchers of Rs.500 as welcome gifts
  • Earn 1 Reward Point on each Rs. 100 spent on the card
  • Receive 5X Rewards on all online expenses and 10X Rewards on online spending with exclusive partners of SBI Card
  • Enjoy a 1% fuel surcharge rebate on fuel transactions of Rs. 500 to Rs. 3,000 subjects to a maximum discount of Rs. 100 per billing cycle
  • Spend Rs. 1 lakh for one year and an annual fee of Rs. 499 inverted
  • Take advantage of the contactless facility and make payments by waving the card in front of the POS terminal
Yes, First Preferred Credit Card

The YES FIRST Preferred Credit Card is a premium card suited to the needs of frequent travelers and shoppers. The card also offers generous rewards with every purchase which can then be redeemed to receive vouchers, merchandise, or intermingles. Here are some highlights of this Yes Bank Credit Card:

Annual Fee: Nil
Renewal Fee: Nil
Minimum Income Required:
 Rs. 1,20,000 per month

  • Within 90 days of card activation welcome gift of 10,000 reward points on making the first purchase
  • Receive renewal benefit of 7,500 reward points every year on payment of renewal fee
  • Earn 4 reward points per Rs. 100 in all categories
  • Earn 2X rewards on Travel Agencies and Tour Operators, Domestic Airlines and Food
  • Redeem rewards for purchasing products from an exclusive catalog or booking flight/hotel/movie tickets from Yes Bank’s dedicated website (1 Reward Point = Re. 0.25)
  • Secret reward points in the Intermiles ratio of 4: 1
  • Receive exclusive golf benefits under the MasterCard World Golf Program; Get 3 green fee discounts on select golf courses and 1 complimentary lesson every month
  • Enjoy complimentary Priority Pass Membership with 4 free visits in a year
  • Get dedicated concierge service and automobile assistance via YES ASSIST
  • Enjoy a preferential foreign exchange markup fee of only 1.75%
  • Enjoy a 25% discount on movie tickets booked through BookMyShow
  • Get complimentary insurance cover including life insurance, credit shield cover, and medical insurance
Citi Premier Miles Credit Card

Those who do not mind paying some money on their credit card fees in exchange for exclusive travel benefits such as air miles at every expense, lounge access, discounts, and other travel deals can apply for the City Premier Miles Credit Card which is the top one of the credit cards is for traveling in India.

 Annual Fee: Rs. 3,000 + GST
Renewal Fee: 
Rs. 3,000 + GST
Minimum Income Required: Rs. 25,000 per month

  • Spend Rs.1,000 or more and get 10,000 bonus miles within 60 days of issue of card
  • Get an additional 3,000 miles on card renewal
  • Earn 4 miles for every Rs. 100 spent in all categories
  • Earn 10 Miles for every Rs. 100 on transactions made with any airline in the world
  • Accumulated air miles never end
  • Get complimentary access to airport lounges in India and worldwide
  • Transfer of Miles to Frequent Flyer Programs of various airline partners in the ratio 2: 1
The American Express Membership Rewards Credit Card

Coming from the home of American Express, the Membership Rewards® Credit Card (MRCC) is ideal for those who want their every expense to be generously rewarded with points. Undoubtedly, MRCC is one of the best credit cards in India that makes it spendable for its users.

Annual Fee: Rs. 1,000 + GSTRenewal Fee: Rs. 4,500 + GST (exempted for spending Rs. 1.5 lakh or more and 50% exempted for spending between Rs. 90,000 and Rs. 1,49,999)Minimum Income Required: Rs. 40,000 pm for applicants under the age of 32; Rs. 50,000 p.m. for others

  • Get 4,000 bonus Membership prizes as a welcome gift
  • Earn 1,000 Bonus Membership Reward Points for doing 4 transactions of Rs. 1,000 or more every month
  • On payment of annual membership fee within the second year, earn 5,000 bonus MR Points
  • Earn 1 MR point for every Rs. 50 spent on the card in all categories except fuel, utilities, insurance, and cash advances
  • By American Express redeem your rewards from the 18 Karat and 24 Karat Gold Collection program
  • Up to 20% off at select restaurants in India
  • Enjoy other benefits such as zero lost card liability, emergency card replacement, and two add-on cards at no additional cost

To know more about the credit cards, click on the link below to read our article about FAQs and how to choose a credit card.

Credit Cards and how to choose one.


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