Best Rewards Credit Card in India for 2020

Reward points are one of the most attractive benefits on credit cards that make every customer opt for it. Every time on using this card, a few reward points are accumulated in their account. Once the customer reaches a specific reward point limit, say, 3000 points, the redemption of these reward points can be made available against gift vouchers, merchandise or cash credit. Some banks also provide the option of converting reward points into hotel or airline loyalty points. Credit card reward points are being widely used by banks to induce the customers to make more expenditures. At the same time, they benefit the customers by providing them attractive redemption options. Read this article to know the variety of Best Reward Credit Cards offered by banks to their customers:

Best Rewards Credit Card 2020

Below is the list of the exclusive reward credit cards in India 2020 that are rewarding to every cardholder:

1. SBI Credit Cards — PRIME

SBI Card Prime is most appropriate for those customers who would like to spend on leisure and travel. This SBI Card provides various perks and privileges such as rewards, premium lounge access, rewards, birthday benefits, welcome bonus and much more.

Annual fee: Rs. 2,999 (One-Time)

Renewal fee: Rs. 2,999

Perks and Privileges

• Get a welcome e-gift voucher worth Rs. 3,000 from Bata/Hush Puppies, Marks and Spencer, Pantaloons, Shoppers Stop and Yatra.com
• Earn 20 reward points worth expenditures of Rs 100 on standing instructions of utility bill payments, 15 reward points worth expenditures of Rs. 100 spent on Big Basket, and 10 reward points worth expenditures of Rs. 100 spent on dining, groceries, departmental stores, and movies
• Get milestone benefits such as Pizza Hut voucher worth Rs 1000 on attaining expenditures of Rs 50,000 in a calendar quarter, renewal fee waiver on annual expenditures worth Rs. 3 lakh and E-gift voucher worth Rs. 7,000 from Yatra.com/Pantaloons on attaining expenditures of Rs. 5 lakh
• Enjoy complimentary Trident Privilege Red Tier Membership, 1,000 welcome points on registration, 1,500 bonus points on the first stay and additional Rs 1,000 hotel credit on an extended night stay
• Enjoy 20 reward points worth the expenditures of Rs. 100 on your birthday
• Avail 4 complimentary visits every year to International Priority Pass lounges, outside India (maximum 2 visits each quarter) and obtain 8 complimentary visits every year to Domestic Visa/ Mastercard Lounges in India (maximum 2 visits each quarter)
• Get exclusive benefits across 900 luxury hotels worldwide and provides 4 complimentary rounds on Green Fees and 1 complimentary golf lesson per month at the specific golf courses across India. Also, obtain a discount of 10% on Hertz car rental and up to 35% off on Avis car rentals
• Enjoy complimentary club Vistara silver membership, 1 complimentary lounge access voucher and 1 upgrade voucher.
• Earn 9 club Vistara points for expenditures worth Rs. 100.

2. Simply SAVE Advantage SBI Card

SBI SimplySAVE Advantage Credit Card is appropriate for those who would like to make expenditures worth on movies and dining. This card also offers ultimate privileges in the form of reward points, welcome offers, fuel surcharge waiver, etc.

Annual Fee: Rs. 499 (One-Time)

Renewal Fee: Rs. 499

Perks and Privileges

• Earn 10 Reward Points per expenditures worth Rs.100 on dining, movies, departmental stores and grocery and on all other expenditures, earn 1 Reward Point per Rs. 100 spent (4 Reward Points = Rs. 1)
• Get Rs. 100 cash back on the first ATM cash withdrawal, if done within 30 days of obtaining the card
• Enjoy the flexibility to pay the 1% fuel surcharge at any petrol pump and the amount can be transacted between Rs. 500 to Rs. 3,000 at any petrol pump in India to obtain this offer.
• Earn annual membership fee reversal from the second year of the subscription
• Get fee reversal where the customer is required to make expenditures worth Rs. 1,00,000 or more on his/her SimplySAVE Advantage SBI Card in the previous year.

3. Citibank Credit Cards — Rewards Card

Citibank Rewards Credit Card is meant for regular shoppers. The customers can earn cash back, reward points, gift vouchers and much more.

Annual Fee: Rs. 1,000 (waived off on expenditures worth Rs. 30,000 in the preceding year)

Perks and Privileges

• Get up to 2500 Reward Points on using the Citibank Rewards credit card within 60 days of card issuance.
• Earn 1 reward point for every expenditure worth Rs. 125.
• Earn 10x points on expenditures done on apparel and departmental store.
• Earn 300 bonus points on expenditures worth Rs. 30,000 or more in a month. These reward points never get expired.
• Concierge service permits the customers to send flowers, arrange parties, make dining and movie ticket reservations as well as obtain travel assistance
• Get up to 20% discount on dining bill at partner restaurants
• Earn reward points for paying credit card bill where 1 Reward Point = Re. 0.35. However, customers can accumulate 5,000 points before redeeming it.

4. HDFC Platinum Edge Credit Card

HDFC Bank Platinum Edge Credit Card is one of the popular reward cards in the market. The customers can earn rewards on every purchase with 50% exceeding earnings on dining. The credit card charges Rs. 500 annual fees that are waived off on attaining yearly spend of Rs. 50,000.

Annual Fee- Rs. 500

Perks and Privileges

• Earn 2 reward points for expenditures worth Rs. 150 on the card and 3 points on expenditures worth Rs. 150 on using the cards at specified premium restaurants.
• Redeem the collected rewards to pay for the credit card bills. In other words, 100 Reward Points = Rs. 10.
• Converting the reward points into air miles or using them to purchase vouchers or merchandise from the HDFC Credit Card Rewards Catalogue.
• Avail fuel surcharge waiver on with no transaction limit that goes upto a maximum waiver of Rs. 250 in a billing cycle.
• Avail the annual fee of Rs. 500 waived off on expenditures worth Rs. 50,000 in a year.

5. Indian Oil Citi Platinum Card

Indian Oil Citi Platinum Card is meant for those customers who rely on their vehicles for daily commuting. This credit card does not need any joining fee and Rs. 1,000 waiver is availed only on making expenditures worth more than Rs. 30,000.

Annual Fees- Rs. 1,000

Perks and Privileges

• Get up to 71 litres of free fuel annually. This can be availed by redeeming turbo points and saving on fuel surcharge.
• No Fuel surcharge to be paid on using the card at fuel stations
• Get concierge services from Citibank for hotel booking, dining reservations, flower delivery and much more.
• Earn 4 Turbo Points for every expenditure worth Rs. 150 on IOC fuel stations
• Conversion of big expenses into easy EMI and paying them off quickly.
• Avail up to 15% discount at partner restaurants
• Earn 4 Turbo Points for expenditures worth Rs. 150 spent on IOC stations. 2 Turbo Points are earned on every Rs. 150 spent at groceries and supermarkets. These Turbo Points never get expired.
• Get waiver on annual fee on making expenditures beyond Rs. 30,000.

6. American Express Membership Rewards Credit Card

American Express Membership Rewards Credit Card permits you to collect as much as 1000 bonus rewards and 5000 membership reward points that can be converted for 18 and 24 karat gold collection. The other benefits that are associated with the card include 2 free supplementary cards, 24/7 support etc.

Joining Fee: Rs.1,000.

Renewal Fee: Rs.4,500 (From 2nd year onwards)

Joining Bonus: Expenditures worth Rs. 2,000 in the first 60 days of the credit card issuance and get 4,000 bonus membership reward points

Perks and Privileges

• Expenditures worth Rs. 50 on retail purchases which provides you 1 membership reward point.
• Get 4 transactions of Rs. 1,000 in a month offering you 1,000 bonus membership reward points.
• Avail special deals on booking tickets on MakeMyTrip.com.
• The first card renewal stretches your 5,000 membership reward points.
• Avail fuel convenience exemption in fee, zero lost credit card liability and 24-hours credit card related support.
• Get Redemption of Reward Points facility for collecting 24 and 18 karat gold.