The world of shopping in India has undergone a significant transformation with the rise of e-commerce and digital payment solutions. Credit cards specifically designed for shopping have made this experience even more rewarding, offering a blend of cashback, rewards, and exclusive deals. As we step into 2024, here’s a detailed look at the best shopping credit cards available in India, each catering to different shopping needs and preferences.
1. Cashback SBI Card
The Cashback SBI Card is notable for its attractive cashback rates on a wide range of purchases. It comes with a joining fee and an annual fee of Rs. 999, making it an appealing option for regular credit card users.
Key Features:
- High Cashback Rates: This card offers generous cashback on both online and offline transactions, making it highly versatile.
- Annual Fee Waiver: The annual fee is waived if the total annual spending exceeds Rs. 1,00,000.
- Fuel Surcharge Waiver: A 1% waiver on fuel surcharge is applicable at all petrol stations in India.
This card is ideal for those looking for straightforward cashback benefits without dealing with complex reward systems.
2. Amazon Pay ICICI Credit Card
The Amazon Pay ICICI Credit Card is a great choice for frequent Amazon shoppers. With no joining or annual fees, it provides excellent value through its cashback and EMI offers.
Key Features:
- No Fees: There are no joining or annual fees, making it a cost-effective option.
- Amazon Cashback: Earn up to 5% cashback on Amazon.in purchases for Prime members and 3% for non-Prime members.
- Partner Merchants: 2% cashback on Amazon Pay partner merchants and 1% on all other transactions.
- No-Cost EMI: Large purchases can be converted into manageable EMIs without any additional cost.
This card integrates seamlessly with the Amazon ecosystem, offering maximum benefits for regular Amazon shoppers.
3. Axis Bank ACE Credit Card
The Axis Bank ACE Credit Card is designed for individuals seeking high cashback rates on everyday expenses, particularly utilities and dining.
Key Features:
- Affordable Fees: With a joining and annual fee of Rs. 499, it is reasonably priced.
- Utility Payments: Earn 5% cashback on utility bill payments made through Google Pay.
- Dining Offers: 4% cashback on dining expenses.
- Other Spends: 2% cashback on all other transactions.
This card is perfect for those who want to maximize their savings on daily expenditures such as utility bills and dining.
4. HDFC Millennia Credit Card
The HDFC Millennia Credit Card is popular among young professionals for its CashPoints system and lifestyle benefits.
Key Features:
- CashPoints: Earn 5% CashPoints on spends at Amazon, Flipkart, and other popular e-commerce sites.
- Airport Lounge Access: Complimentary access to domestic airport lounges.
- Annual Fee Waiver: The annual fee is waived if the total annual spending exceeds Rs. 1,00,000.
- Fuel Surcharge Waiver: 1% waiver on fuel surcharge.
This card offers a balanced mix of rewards and lifestyle benefits, making it an excellent choice for modern shoppers.
5. HDFC MoneyBack+ Credit Card
The HDFC MoneyBack+ Credit Card is known for its accelerated reward points on online spends and fuel surcharge waiver, making it a practical card for frequent online shoppers.
Key Features:
- Reward Points: Earn 2X reward points on online spends.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions.
- Cashback Conversion: Reward points can be converted into cashback.
This card is suitable for those who prioritize online shopping and want to convert their rewards into direct cashback.
6. Flipkart Axis Bank Credit Card
The Flipkart Axis Bank Credit Card is tailored for avid shoppers on Flipkart and its associated platforms like Myntra.
Key Features:
- Joining and Annual Fee: Rs. 500.
- Flipkart and Myntra Cashback: 5% cashback on spends on Flipkart and Myntra.
- Preferred Merchants: 4% cashback on preferred merchants including Swiggy, Uber, and PVR.
- Other Spends: 1.5% cashback on all other transactions.
This card offers significant cashback benefits for those who shop primarily on Flipkart and its partner platforms.
Here’s a table summarizing the key features of the best shopping credit cards in India for 2024:
| Credit Card | Joining Fee | Annual Fee | Key Benefits |
|---|---|---|---|
| Cashback SBI Card | Rs. 999 | Rs. 999 | – High cashback on various purchases<br>- Annual fee waiver on spends > Rs. 1,00,000<br>- 1% fuel surcharge waiver |
| Amazon Pay ICICI Credit Card | Nil | Nil | – Up to 5% cashback on Amazon.in for Prime members<br>- 2% cashback on Amazon Pay partner merchants<br>- 1% cashback on other spends<br>- No-cost EMI options |
| Axis Bank ACE Credit Card | Rs. 499 | Rs. 499 | – 5% cashback on utility bill payments via Google Pay<br>- 4% cashback on dining<br>- 2% cashback on other transactions |
| HDFC Millennia Credit Card | Rs. 1,000 | Rs. 1,000 | – 5% CashPoints on Amazon, Flipkart, etc.<br>- Complimentary airport lounge access<br>- Annual fee waiver on spends > Rs. 1,00,000<br>- 1% fuel surcharge waiver |
| HDFC MoneyBack+ Credit Card | Rs. 500 | Rs. 500 | – 2X reward points on online spends<br>- 1% fuel surcharge waiver<br>- Reward points convertible to cashback |
| Flipkart Axis Bank Credit Card | Rs. 500 | Rs. 500 | – 5% cashback on Flipkart and Myntra<br>- 4% cashback on preferred merchants (Swiggy, Uber, PVR)<br>- 1.5% cashback on other transactions |
Conclusion
Choosing the right shopping credit card depends on your spending habits and preferences. The Cashback SBI Card offers high cashback rates across various purchases, making it a versatile option. For Amazon enthusiasts, the Amazon Pay ICICI Credit Card provides exceptional benefits with no fees. The Axis Bank ACE Credit Card and Flipkart Axis Bank Credit Card cater to specific spending categories like utilities and online shopping, respectively, offering substantial cashback.
The HDFC Millennia Credit Card and HDFC MoneyBack+ Credit Card provide a balanced mix of rewards and lifestyle benefits, making them suitable for diverse shopping needs.
In 2024, these credit cards stand out for their ability to enhance the shopping experience with lucrative rewards and savings. By understanding the key features of each card, you can choose the one that aligns best with your shopping habits, ensuring you maximize your benefits and enjoy a rewarding shopping journey.
READ MORE:
Balancing Act: How Many Credit Cards Should You Really Have?
Princy Agarwal, a postgraduate in English from Delhi University, writes content for Tricky Finance, where they simplify complex financial topics for readers. With a knack for clear communication, Princy’s work helps make finance understandable and accessible to all.
