® 
Reward Type
Rewards
Joining Fee
2000₹
Annual Fee
2000₹
Features
- 8,000 Reward Points
- 10 Reward Points on Rs. 100 spent on dining, entertainment, fuel, utilities and international transactions
- 2 Reward Points on all other transactions
- 10,000 Reward Points on spending Rs. 2.5 Lakhs a year
- 10,000 Reward Points on spending Rs. 4 Lakhs a year
- 1 Free movie ticket every month
- 2 Complimentary Domestic Aiport lounge visits every quarter
- 1 Reward Point = Rs. 0.25
Welcome benefits
Cashbacks & Rewards
Pricing
- Joining Fees Rs. 2,000
- Annual Fees Rs. 2,000
Documents Required
- Passport or Driving License or Aadhaar or Voter ID
- Utility bill with current address
- Passport or Driving License or Aadhaar or Voter ID OR
- 3 months bank statement or Govt photo ID or Credit Card statement or Insurance policy or Vehicle registration or Spouce Passport or Marriage certificate, etc
- Aadhaar copy
- 1 Month credit card statement should not be older than 2 months/3 months salary slips
Reward Type
Rewards
Joining Fee
1199₹*
Annual Fee
1199₹*
Features
- 8 Reward Points on every Rs. 200 spent on Travel & Dining (Capped at 1,500 Reward Points per statement cycle)
- 4 Reward Points on every Rs. 200 spent on other categories (except few categories like Transportation, Utilities, Insurance, etc.)
- Accelerated rewards point on selected transactions on YESCART
- 1% Fuel surcharge waiver at all fuel stations across India for transaction between Rs. 400 to Rs. 5,000
- Dedicated Website for Flight/Hotel/Movie ticket booking on Reward Points redemption
- Exclusive Catalogue of Products
- Redemption of Reward Points against Air Miles (10 Reward Points = 1 InterMile / 1 Club Vistara Point)
- Enjoy 4 complimentary rounds of Golf per calendar year at select Golf courses in India
- Enjoy one complimentary Golf Lesson every calendar month at select golf courses in India
- 1 complimentary Domestic Airport Lounge visit in India per calendar quarter for Primary Cardmember
Pricing
- Joining Fees Rs. 399 (waived on spending Rs. 10,000 within 30 days of card set up date)
- Annual fees Rs. 399 ( waived on annual spends of Rs. 1 Lakh)
Documents Required
- ID Proof - Pan Card/ Driving License/ Passport/ Voter ID card/ Aadhar card (with Photo)/ Letter issued by Unique Identification authority of India (with Photo)/ NREGA Card(with photo)/ Letter issued by National Population Register containing details of name, address.
- Salaried;Employee ID card - Office address mentioned on the EMP card to match with application form - where office address is opted as Mailing address
- Address Proof - Driving License/ Passport/ Voter ID card/ Aadhar card (with Address)/ Letter issued by Unique Identification authority of India (with Address)/ NREGA Card(with Address)
- Signature Proof - Pan card/ Driving License/ Passport/ NREGA Card(with Signature)
- Salaried Income Proof - Last 2 months Salary slip (Salary Proof not required if applicants salary account is with Yes Bank)
- Salaried - Last 2 months Credit Card Statement and Card Face Image
- Self Employed Income Proof: Last 1 year ITR
- Self-employed - Last 2 months Credit Card Statement and Card Face Image
Reward Type
Rewards
Joining Fee
2500₹
Annual Fee
2500₹
Features
- 4 Reward Points on every Rs. 200 spent on Travel & Dining
- 2 Rewards Points on every Rs. 200 spent on other categories (except Transportations & Utilities etc.)
- 1 Reward Point on every Rs. 200 spent on Transporation & Utilities
Pricing
- Joining Fees Rs. 399 (Waived on spending Rs. 5,000 within 90 days of card set up date)
- Annual fees Rs. 250 (Waived on annual spends of Rs. 25,000)
Documents Required
- ID Proof - Pan Card/ Driving License/ Passport/ Voter ID card/ Aadhar card (with Photo)/ Letter issued by Unique Identification authority of India (with Photo)/ NREGA Card(with photo)/ Letter issued by National Population Register containing details of name, address.
- Salaried;Employee ID card - Office address mentioned on the EMP card to match with application form - where office address is opted as Mailing address
- Address Proof - Driving License/ Passport/ Voter ID card/ Aadhar card (with Address)/ Letter issued by Unique Identification authority of India (with Address)/ NREGA Card(with Address)
- Signature Proof - Pan card/ Driving License/ Passport/ NREGA Card(with Signature)
- Salaried Income Proof - Last 2 months Salary slip (Salary Proof not required if applicants salary account is with Yes Bank)
- Salaried - Last 2 months Credit Card Statement and Card Face Image
- Self Employed Income Proof: Last 1 year ITR
- Self-employed - Last 2 months Credit Card Statement and Card Face Image
Reward Type
Rewards
Joining Fee
1000₹
Annual Fee
1000₹
Features
- Earn 2 Reward Points for every Rs.100 spent
- Earn 4 Reward Points for every Rs.100 spent during the weekends
- Earn 1,000 Bonus Reward Points every month on swiping your card 5 times for transactions worth Rs.1,000 or more in a calender month.
- Enjoy waiver of fuel surcharge at any petrol pump in India
- (Valid for fuel transactions between Rs.500 and Rs.4000. Maximum waiver of Rs. 150 per month.)
Pricing
- Joining Fees 1,000
- Annual Fees 1,000 (waived on annual spends of Rs. 2 Lakhs)
Documents Required
- Passport or Driving License or Aadhaar or Voter ID
- Utility bill with current address
- Passport or Driving License or Aadhaar or Voter ID OR
- 3 months bank statement or Govt photo ID or Credit Card statement or Insurance policy or Vehicle registration or Spouce Passport or Marriage certificate, etc
- Aadhaar copy
- 1 Month credit card statement should not be older than 2 months/3 months salary slips
Reward Type
Rewards
Joining Fee
2499₹*
Annual Fee
2499₹*
Features
- 8 Reward Points on every Rs. 200 spent on Travel & Dining (Capped at 1,500 Reward Points per statement cycle)
- 4 Reward Points on every Rs. 200 spent on other categories (except few categories like Transportation, Utilities, Insurance, etc.)
- Primary Cardmembers enjoy Domestic Lounge access, limited to 1 visit per quarter, across 30 lounges in India.
- Enjoy one complimentary golf lesson every calendar month
Pricing
- Joining Fees Rs. 399 (waived on spending Rs. 25,000 or more within 90 days of card set up date)
- Annual fees Rs. 399 (waived on annual spends of Rs. 1 Lakh)
Documents Required
- ID Proof - Pan Card/ Driving License/ Passport/ Voter ID card/ Aadhar card (with Photo)/ Letter issued by Unique Identification authority of India (with Photo)/ NREGA Card(with photo)/ Letter issued by National Population Register containing details of name, address.
- Salaried;Employee ID card - Office address mentioned on the EMP card to match with application form - where office address is opted as Mailing address
- Address Proof - Driving License/ Passport/ Voter ID card/ Aadhar card (with Address)/ Letter issued by Unique Identification authority of India (with Address)/ NREGA Card(with Address)
- Signature Proof - Pan card/ Driving License/ Passport/ NREGA Card(with Signature)
- Salaried Income Proof - Last 2 months Salary slip (Salary Proof not required if applicants salary account is with Yes Bank)
- Salaried - Last 2 months Credit Card Statement and Card Face Image
- Self Employed Income Proof: Last 1 year ITR
- Self-employed - Last 2 months Credit Card Statement and Card Face Image
Reward Type
Rewards
Joining Fee
500
Annual Fee
500
Features
- Gift voucher worth Rs. 1,000 on doing the 1st txn within 30 days post card setup
- Get 10% off at BookMyShow up to Rs. 300 per month
- Get 10% cashback at Myntra, Uber & Zomato, up to Rs. 300 each per month
- 5 Reward Points for every Rs. 100 spent online
- 1 Reward Point for every Rs. 100 spent offline (except on fuel)
- Voucher worth Rs. 1,000 upon Rs. 2 lakhs spend in a year
- Voucher worth Rs. 5,000 upon Rs. 5 lakhs spend in a year
Welcome benefits
Cashbacks & Rewards
Pricing
- Rs. 100 per month (waived on monthly spends of Rs. 5,000)
Documents Required
- 1 Recent coloured Passport Size photograph
- Filled application form
- ID Proof - PAN card (mandatory)
- Address proof / Driving License / Passport / Voter ID / Aadhaar card / Ration card
About Rewards Credit Card in India
Imagine being rewarded for buying our daily groceries, fuel and other supermarket purchases as well as on other leisure or entertainment expenses! That is what a Rewards Card does for you. Every time you spend money on your credit card, you earn a certain number of points. Obvioiusly, the more you spend, the more points you earn. You can then redeem or exchange these free points for a variety of options including more shopping, air miles, or exclusive gifts from your bank’s catalogue.
What’s even better is that you have a wide variety of rewards programs to choose from - you can basically select how you would like to be rewarded! So when you go shopping for a new pair of formal office shoes, you are earning points that will help you get a free air ticket or a free vacuum cleaner!
There are a multitude of Rewards Credit Cards available in the market today and it can be very confusing to decide which one is the best for you. Before applying for a Rewards Credit Card, it is very important to compare and contrast the features, benefits and fees of the card you wish to apply for. Here are some tips to help you identify the card best suited for your needs.
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Rewards Credit Card Features
Rewards Points
The very name says it all. Similar to any other credit card, Rewards Credit Cards offer reward points. The reward points program differs from bank to bank. The number of reward points you accrue is based on the amount that you spend using your Rewards credit card. Different credit card issuers calculate these reward points differently and you can redeem these points later as per the lender’s norms.
Reward Points for everyday shopping:
Take, for example, the HDFC Diners Club Rewardz Credit Card. Shopping with your HDFC Diners Club Rewardz Credit Card enables you to get 3 Reward Points for every Rs.150 on retail spends. You get 2 X more Reward Points on grocery, supermarket purchases, dining and airline ticketing at partner merchants. You also get 2 X Reward Points on incremental retail spends for more than Rs. 10,000 per statement cycle.
Redemption: You can redeem theses Reward Points against air miles at leading airlines, or exchange them for premium gifts from an exclusive rewards catalogue.
Likewise, using your Citibank Rewards Credit Card earns you 1 Point for every Rs125 spent on all transactions. You earn an accelerated 10 X Reward Points at select partners, apparel and department stores.
Redemption: You can redeem these points later for fuel, online shopping, air miles, cashback and a host of other products and services.
With the ICICI Bank Platinum Chip Credit Card, the Reward Point program is powered by PAYBACK. You earn 2 PAYBACK points for every Rs. 100 spent on all retail expenses, with the exception of fuel.
Welcome points and bonus points
Almost all kinds of credit cards give welcome reward points when you sign up. Some travel cards will offer you free air miles when you join. In addition, you also earn bonus reward points on spends over a certain limit.
Besides the rewards points feature, Rewards Credit Cards offer several other advantages like concierge services, discounts on dining, entertainment and movies, or points that can be redeemed for fuel, golfing perks, etc.
Rewards Credit Card Benefits
The list of Rewards Card offers spans almost every category of everyday spending including shopping discounts, entertainment discounts, free movie tickets, cashback, airline tickets, hotel stays, specialized insurance cover etc. Theses credit cards also give you welcome benefits and bonus points on spends crossing a certain pre-fixed limit. In order to avail and activate certain benefits, you need to swipe the card within first 30 days of credit card activation and spend a pre-fixed amount on your credit card.
For example, HDFC AllMiles Credit card gives you a welcome benefit of 1000 Reward Points. Renewal of the credit card would fetch you another 1000 Reward Points, provided that you pay the annual fee.
How to Choose the Best Rewards Credit Card
While choosing the best Rewards Credit Card might not be super easy given the large number of options, it is good to consider the following points before deciding on the most suitable offer:
When you look for a Rewards Credit Card, you must consider the following.
- Your Spending pattern: Examine your habits and decide what you would like to use your credit card for. If you are an online shopaholic, then choose one which has a rewards program specifically intended for that particular purpose. For example, the HDFC Snapdeal Credit Card enables you to earn 3X more Reward points for spending online at the Snapdeal website. Similarly, if your lifestyle requires you to travel frequently, then it would do to get a credit card like the IndianOil Citi Platinum Credit card, which enables you to actually save on fuel expenses and redeem the points accrued for actual fuel.
- Fees and other charges: Before applying for A Rewards Credit Card, carefully research on the annual fee, joining fee, renewal fee and other possible charges. Sometimes, a credit card may offer very attractive benefits but the fees and other charges that apply may be very high. This may potentially strip you off the rewards that you earn on your spending.
- Interest Rate: A vital aspect. Go for the one which has the lowest Interest rate. Don’t be fooled by 0% APR, as those are usually promotional offers. After the promotional period is over, you might most probably find yourself paying a huge amount as interest charges. Also, make sure you pay off your debts in a timely manner to avoid high interest fee.
- Your income: Its absolutely vital to consider your monthly net income and then decide whether you can really afford to have a credit card. Remember, a credit card could considerably increase your monthly expenses and in the process might possibly put you in debt. So, choose wisely.
- Your credit card re-payment plan: Easily the most important criteria in choosing your credit card is your payment behaviour. Many wise people have been known to fall prey to credit card debt. You must make sure that you pay off your credit card dues consistently every month, to avoid accumulating interest.
To put it in a nutshell, go for a credit card that offers good benefits in terms of reward points but which also offers the best interest rate. Racking up rewards points feels great—but it’s completely pointless if you’re paying fees that outweigh the benefits. Do your research diligently and make a repayment plan even if it seems tiresome—it will pay off in the long run.
What are the eligibility criteria?
There are several eligibly criteria for obtaining a Rewards Credit Card, the most basic of which is the income and age. The minimum income and age criteria differs from lender to lender and the kind of card you are applying for. Your credit history and score will also be taken into account. It is advisable to check with the lender directly in order to know the eligibility requirements.
Rewards Credit Card Review
There are many advantages and benefits of owning a Rewards Credit Card. It has the advantage of convenient payment options, gives you access to a world of discounts and rewards, and helps you build a positive credit history (provided you pay your dues consistently, every month) which will enable you to be eligible for loans later in life.
How do I apply for a Rewards Credit Card?
To apply for a Rewards Credit Card, you can either walk into the nearest branch of your chosen lender and submit the application and the required documentation, or you can apply online. Typically, it takes up to 21 days for your credit card application to be processed.
Alternatively, if you think you need help with your credit card application and advice on eligibility, CreditMantri can guide you through the entire process and match you with the credit card that suits your needs the best.
Note: The cards mentioned in the article are merely indicative of the kinds of rewards and benefits on offer. You will need to choose your card based on your specific requirements.