All major lenders such as ICICI Bank, SBI, HDFC Bank, IDFC Bank, and Axis Bank issue credit cards. Credit cards are the best cash substitute for all your spending needs. Because credit cards come with a host of offers, rewards, benefits, cash back, and discounts that save you money while spending. You also get welcome gifts and vouchers that can be used across leading merchants. The burden of making big-ticket purchases can be converted into easy equated monthly instalments with credit cards. 

ICICI Credit Cards

  • ICICI Bank has credit cards that suit every income group. 
  • The minimum net annual income for ICICI Bank credit cards ranges from 2.5 lakhs to Rs 15 lakhs and above.
  • Enjoy lifestyle benefits on ICICI credit cards like discounts on dining, shopping, movies, and more.
  • Enjoy travel benefits like complimentary domestic and international airport lounge access
  • Get ICICI 24x7 concierge services
  • Chip cards with high-end security
  • Easy credit limit increase
  • Credit card protection plan in case of loss of card
  • The interest rate starts from 2.49% per month to a maximum of 3.75% per month.

State Bank of India Credit Cards

  • SBI credit cards carry lower interest rates ranging from 2.75% to 3.5% per month. You can transfer your existing card outstanding to SBI and save more. 
  • Get pre-approved funds within 48 hours of the request.
  • Contactless payments with NFC technology.
  • Comprehensive insurance cover for health, theft, accidents, and more.
  • Use Auto Pay, Fast Pay, and Register Pay for paying your utility bills.
  • SBI card mobile app to manage your credit cards efficiently.
  • Card upgrade for more rewards and benefits.
  • Add on cards for your family.
  • Leading issuer of co-branded credit cards.
  • The joining and annual fees can range from Rs 0 to Rs 10,000.

HDFC Credit Cards

  • Attractive welcome benefits on card activation.
  • Option to convert credit card spends above Rs 2,500 into easy EMI.
  • Contactless payments for quick, safe and secure transactions.
  • Low foreign currency markup fee for international transactions.
  • Complimentary domestic and international airport lounge access.
  • Co-branded credit cards with leading brands like shoppers stop, Paytm, Flipkart, Tata Neu, and airline partners like IndiGo.
  • Interest rate starting from 1.99% to 3.6% per month.
  • The joining and annual fees can range from Rs 0 to Rs 12,500.

IDFC Credit Cards

  • Welcome vouchers, gifts, and cash back
  • Exciting discounts on movie tickets
  • Offers and discounts with over 300 merchants.
  • The only brand with no annual charges for credit cards that can save up to Rs 10,400 annually.
  • Monthly interest rate starting from 2% to 3.4%
  • Reward program which helps you to pay instantly.
  • No interest on cash withdrawal.
  • Insurance coverage and 24x7 Roadside Assistance (RSA).

Axis Bank Credit Cards

  • Exciting welcome gifts and vouchers
  • Up to 40% offer on dining
  • More cash backs on fuel credit cards
  • Complimentary movie tickets and shopping vouchers
  • Complimentary domestic lounge access with travel credit cards
  • The unique and highly rewarding EDGE program.
  • Interest rate starting from 1.5% to 3.6% per month.

 

Eligibility & Documentation To Apply For Credit Card

  • Both salaried and self-employed individuals can apply for credit cards.
  • Resident Indian of age group between 21 and 65 years.
  • The minimum annual income is Rs 2.5 lakhs and varies according to the card.
  • Proof of Identity – Passport, PAN card, Aadhar card,, Driving licence, Voter’s card
  • Proof of Address – Aadhar card, Passport, Ration card, Telephone bill, Electricity bill
  • Proof of Income

Latest payslips, last 6 months’ bank statement for Salaried persons

Latest ITR, Audited financial statements for Self-employed individuals

  • Passport size photographs

How To Apply For Credit Cards?

Online Apply Via CreditMantri 

  • After knowing about all the features of your credit card, click on “Credit Card Check Eligibility” 
  • Enter the basic details in the application page and click ‘Submit’
  • Enter the mobile OTP for verification 
  • Proceed with the rest of the application.

Online Apply Via Bank’s Website

Visit the official website of the bank.

Provide your registered mobile number, basic, employment, and business details.

If you are already an existing customer of the bank, your application will be processed instantly.

Else, the bank’s authorised representative will keep in touch for further steps. 

Offline Apply 

You can apply offline for credit cards through the bank’s branch, SMS and contacting customer care. Your application will be processed on sufficient scrutiny of your documents.

 

Conclusion

With the dose of rewards and other benefits, choosing the right credit card for yourself can seem to be overwhelming. Consider your interests, lifestyle, and expenditure pattern while choosing a credit card. Have a memorable credit card experience. 
 

FAQ of Credit Card Comparison_ ICICI Bank vs SBI vs HDFC Bank vs idfc vs Axis Bank

1:What must be my credit score while applying for a credit card?

Your credit score must be 750 or above for getting exciting offers on credit cards.

2:What does a credit card limit mean?

It means the maximum amount that you can spend using your credit card. It is fixed based on your net annual income and credit history.

3:How is interest charged for a credit card?

All credit cards provide an interest-free period or grace period. It ranges between 15 and 50 days from the date of bill generation. You can settle your credit card due without interest up to the interest-free period. After this, applicable interest will be charged on the outstanding balance. The interest rate can range from 2% to 3.5% per month on credit cards.

4:How much is the late fee charged for late payment of a credit card outstanding?

A late fee is charged for paying your credit card dues beyond the grace period. Late fees starting from a minimum of Rs 250 to a maximum of Rs 1,500 varies according to each credit card.

5:How to use the reward points on my credit card?

Normally, the reward points can be managed via the credit card application or through a website. Check the products and rewards catalogue of your credit card for the detailed steps to redeem your reward points.