Processing

Verify your identity to get your credit score and analysis worth ₹1200 for FREE

Why should I give my PAN?
PAN is required to identify your profile and fetch your credit score from the credit bureau
DOB
I am
I am

By applying for my credit score, I agree to the

Features

  • Per 100₹ spent on,
    • Shopping in departmental stores - Get 4 savings points
    • Purchase of consumer durables or electronic items – Get 2 savings points
    • Restaurant bills – Get 1.5 savings points
    • Books – Get 1.5 savings points
    • All Other Spends – Get 0.5 savings points
  • Redeem your Reward Points from The More Store, Cash Credit for 1 RP = INR 0.50, Airline Miles on partner airlines, Genesis Luxury Vouchers, Oberoi Hotels & Resorts Stay vouchers
  • Fuel Surcharge waiver for transactions between INR 400 to 4000

Pricing

  • APR – 46%
  • Annual fees - 0
  • Joining fees – 0

Documents Required

  • Duly filled and Signed application Copy.
  • KYC documents ( List attached)
  • Address proof of latest address - In case permanent address proof provided as part of KYC address proof.
  • Pay Slip of last three months
  • Salary Bank account mandatory to be filled in application Copy.

Features

  • Best in class Interest Rates starting from 2.4% pm & Foreign Currency Markup of 3.4%. T&C Apply
  • Upto 5 reward points for every Rs.100 spent. Reward points that never expire.
  • Welcome benefit of 1,250 Reward Points on total spends of INR 5,000 or more within 30 days of card set-up
  • Accelerated earn rate on your Birthday, Online, Dining and International Spends
  • 12,000 Bonus Reward Points on spends of INR 3.6 Lakhs or more every anniversary year
  • Fuel surcharge waiver at all fuel stations across India for transaction between INR 400 to INR 5,000

Pricing

  • Interest Rate (APR): 2.4% pm
  • Processing Fee: NIL
  • Joining Fees: NIL
  • Annual Fees: NIL

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)
  • 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 - Last 2 months Credit Card Statement and Card Face Image

Features

  • Best in class Interest Rates starting from 2.4% pm & Foreign Currency Markup of 3%. T&C Apply
  • Upto 6 reward points for every Rs.100 spent. Reward points that never expire.
  • Welcome benefit of 1,500 Reward Points on total spends of INR 7,500 or more within 30 days of card set-up
  • Complimentary Priority Pass Membership and Domestic Lounge Access
  • Accelerated earn rate on your Birthday, Online, Dining and International Spends
  • Redeem Reward Point for Airline Ticket / Hotel Booking or Movie Tickets booking on Dedicated Rewards Redemption Portal
  • 15,000 Bonus Reward Points on spends of INR 6 Lakhs or more every anniversary year
  • Fuel surcharge waiver at all fuel stations across India for transaction between INR 400 to INR 5,000

Pricing

  • Interest Rate (APR): 2.4% pm
  • Processing Fee: NIL
  • Joining Fees: NIL
  • Annual Fees: NIL

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)
  • 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 - Last 2 months Credit Card Statement and Card Face Image

Reward Type

Rewards

Annual Fee

Nil

Joining Fee

Nil*

Features

  • Welcome Rewards:
    • Get 1,500 bonus points on your first spend made within 30 days of card issue
    • Get 1,000 bonus points on your first spend of Rs. 1000 made within 60 days of card issue
  • Earn 10X Reward Points for every Rs.125 spent at apparel and department stores and select partners
  • Earn Reward Points at rate of 1 point for every Rs.125 on all other purchases
  • Get 300 bonus points on card spends of Rs.30,000+ in a month
  • Up to 15% savings across participating restaurants.
  • Get instant redemption against movie tickets, travel bookings, mobile services, and more.
  • Get EMI privileges on shopping, consumer electronics, mobile phone outlets, leading retail chains and e-retailers
  • Your reward points will never expire

Pricing

  • Annual fee condition: Zero Annual Fee on spend of Rs.30000 or more in a membership year, else Rs.1000 will be charged as Annual Fee.

Documents Required

  • Atleast 2 colour photographs
  • ID proof - Aadhar, Passport, Driving license, Voter ID etc
  • Proof of address -Ration card,electricity bill etc. can be submitted

Reward Type

Rewards

Annual Fee

2000₹

Joining Fee

2000₹

Features

  • Reward points: 10 RP/ Rs. 100 on dining, entertainment, fuel, utilities and international transactions
  • Accelerated Rewards: 2 Reward Points on all other transactions
  • Earn BONUS POINTS: 8000 Reward Points Joining Bonus
  • Free Movie Tickets: Free movie ticket every month
  • Airport lounge access:complimentary lounge acess every quarter

Pricing

  • 1st year fee: Rs.2000
  • Renewal fee: Rs.2000

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

Reward Type

Rewards

Annual Fee

1000₹

Joining Fee

1000₹

Features

1000 bonus Reward Points every month on 5 transactions of Rs. 1000 or more

  • Reward points: 2X Reward points on all weekend spends
  • Earn BONUS POINTS: 4000 Reward Points Joining bonus
  • Accelerated Rewards: 4 Reward Points / Rs. 100 on all Weekend transactions
  • Other Reward points: 2 Reward Points / Rs. 100 on all other transactions

Pricing

  • 1st year fee: Rs.1000
  • Renewal fee: Rs.1000

Documents Required

  • Application form with 2 photographs
  • ID proof – Any one (PAN Card, Driver license, Passport, Aadhaar card)
  • Address proof – Any one (Passport, Driver license, Aadhaar card, Utility bills)
Sorry! We couldn't find any offer matching this category.

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.

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, dvweek 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.

×Thank you! Your comment will be reviewed and posted shortly.

Write a review