Which Credit Card Is Suitable For Me?

Palak Garg Credit Cards Podcast Show

When choosing the best credit card, there is no 'one-size-fits-all'. you need to identify your financial needs and narrow your choices by asking the right questions. thus, choosing from a limited pool of options would be easier. In India, the credit card user base in 2019 reached 47 million, and the market is anticipated to increase by more than 25% during 2020-2025. this is mainly because of the ‘buy first and pay later’ attitude prevalent in younger generations.

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Some of the best credit cards are listed below:

1. Axis Bank's Pride Signature Credit Card:

Axis Bank's Pride Signature Credit Card is the best travel rewards card with an easily achievable annual fee waiver. The first year is free but you would technically be charged Rs500 in the following years if your annual spend is less than Rs40,000. The bulk of the Card's value comes from general spending, with a great 1.6% cash-back on all transactions except fuel.

2. SBI Card Elite:

Possibly one of the best premium credit cards, SBI Card Elite is a perfect companion to your elite lifestyle as it gives benefits across multiple categories including shopping, travel, movies, rewards, and more. Welcome e-gift voucher worth Rs. 5,000 from Yatra, Bata/Hush Puppies, Pantaloons, Shoppers Stop, and Marks & Spencer.

3. Axis Bank Ace Credit Card:

Axis Bank Ace Credit Card is a good option for beginners looking for a high cashback rate at a nominal annual fee. The card offers up to 5% cashback on bill payments and online food delivery along with other benefits such as airport lounge access and dining discounts. The best feature about this card is that there is no upper limit on earning cashback.