How to choose right credit card for you.

Credit cards provide rewards in the form of reward points, cashback, and discounts for a variety of things, including travel, shopping, gas, and other expenses. You can only utilize the advantages provided, though, if you choose wisely. Keep in mind that the ideal credit card for you will be determined by your spending and lifestyle habits. We’ve provided crucial information regarding credit cards on this page to assist you. Continue reading to learn more about credit cards in India.

How to choose right credit card
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10 Best Credit Cards in India for 2022

Credit CardBest Suited ForAnual Fee
Axis Ace Credit CardCashbackRs. 499
SBI Card EliteRewards & TravelRs. 4,999
HDFC RegaliaShopping & TravelRs. 2,500
Flipkart Axis Credit CardCashback, Shopping & TravelRs. 500
Amazon Pay ICICI Credit CardCashback, Shopping & TravelNill
Citi PremierMiles TravelRs. 3000
HDFC MillenniaCashbackRs. 1000
Standard Chartered DigismartTravel & Online ShoppingRs. 49 per month
HDFC Bank Diners Club Privilege Travel &LifestyleRs. 2500
HSBC CashbackCashback on Online SpendsRs. 750
SBI SimplyCLICKRewardsRs. 499
Citibank RewardsRewardsRs 1000
How to choose the right credit card/ How to choose right credit card/ How to choose right credit card


The Type of Credit Card:

Shopping Credit Card- Using the right credit card, you can save a considerable amount on your shopping expenses in the form of cashback, reward points, and co-branded benefits with Flipkart, Amazon, and more. Here is the list of the best shopping credit cards:

Travel Credit Cards: Travel cards are specifically designed to help you save on your travel expenses. Common benefits on these cards include air mile earnings, complimentary lounge access, flight tickets, membership to frequent flyer programs, and more. Here are the top 10 travel credit cards in India:

Fuel Credit Card-Fuel credit cards are best suited for those who prefer to use their own vehicle for commuting and would like to save on fuel expenses. Some common benefits of these cards include extra rewards on fuel transactions, direct cashback, and co-branded benefits with popular fuel stations like BPCL, Indian Oil and HPCL. Some of the best fuel credit cards in India are listed below:

Rewards Credit Card- These cards are designed to offer generous reward points on all your expenses along with accelerated earnings in certain categories. If you are a heavy spender, these cards are especially beneficial for you. Learn about the best rewards credit cards here:

Entertainment Credit Card: With entertainment credit cards, you can get movie vouchers, discounts on booking movie tickets, and some additional entertainment benefits. Some popular entertainment cards are:

Lifetime free credit card- These cards do not charge any joining or annual fee and usually come with basic features. Some lifetime-free credit cards in India are listed below:

Co-branded credit card- These cards are launched in collaboration with popular brands, which may include an airline, an e-commerce platform, or a retail brand. Some of the top co-branded credit cards in India are:

How to choose the best credit card for you

To help you start your search for the right card, here are 7 questions to ask that would narrow down your choices.

  • What are your options (especially if you are new to credit)?
  • Do you already have a credit card?
  • What type of value back do you want- rewards, cashback, or air miles?
  • On what type of purchases would you want the highest value back?
  • Do you favor a certain airline, online shopping platform, or brand?
  • Would you be willing to pay a certain amount as an annual fee if the card comes with the right set of benefits to suit your requirements?
  • Are you a heavy spender and would be able to meet the spending threshold to an avail fee waiver or milestone benefits?

Credit Card Eligibility Requirements

How to choose right credit card
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Documents Required to Apply for a Credit Card

The documentation requirement also varies from issuer to issuer. Some of the key documents required to apply for a credit card are as follows:

Identity & Signature ProofPassport, PAN card, Driving License, Voter ID card, Aadhaar card, and employee identity card in case of government employees. (any 1)
Address ProofBank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/ electricity/ water/ credit card bill or Property tax. (any 1)
Age ProofVoter ID card, Secondary School Certificate (class 10), birth certificate, Passport, Aadhaar Card, pension payment order or Receipt of LIC policy. (any 1)
Income proof for Salaried IndividualLatest 3 months’ salary slips, Salary account bank statement for six months.
Income proof for Self-employed Businessmen/ProfessionalsLatest IT Returns with computation of income and other certified financial documents along with business continuity proof.
How to choose right credit card/ How to choose right credit card/ How to choose right credit card

Note: If you have a pre-approved credit card offer from an issuer, you may not have to submit any documents, especially if you already have an existing banking relationship with the issuer.


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