Top 7 Credit Cards In India For Salaried Individuals

Working as a salaried individual comes with a lot of perks, including limited working hours, paid leaves, PPF, gratuity, and retirement benefits amongst many others. However, in some cases, it can prove to be limiting as well, especially when it comes to limiting your spending within the fixed salary.

It is in such instances, that a Credit Card comes to the rescue. Not only does it allow you to spend more than your income, as and when needed, but also ensures that you enjoy the many advantages that it brings along.

In case you have been on the lookout for some compelling Credit Card offers, simply read below to know all that there is to, about the leading Credit Cards in India, specially drafted to cater to the needs of salaried individuals!

Credit Card A Boon Or Bane

 

1. IndianOil Citi Platinum Credit Card

Eligibility –You must be aged 18 years or above. You should be able to furnish an identity proof, an address proof, as well as a proof of income.

Reward Points –Known as Turbo Points, here is all that you need to know about the benefits that you accrue in the form of these points –

  • 1 point for every Rs. 150 spent
  • 2 points for every Rs. 150 spent on supermarkets and groceries
  • 4 points for every Rs. 150 spent at authorisedretail outlets of IndianOil

Benefits – With 1 point equal to Re. 1 worth of fuel, the card allows you to avail free fuel from any of the 1200+ outlets of the IndianOil retail outlets. In case of spends at online partners and other authorised outlets, 1 turbo point equals Re. 0.35.

Annual Fee –Rs. 1,000(if the annual spend is more than Rs. 30,000, the annual fee is waived).

Annual Percentage Rate –39% per annum

Cash Withdrawal Fee –2.5% of the total amount withdrawn using domestic ATMs, with a minimum amount of Rs. 500. For cash withdrawals through international ATMs, the fee is USD 7.50.

Additional Benefits –

  • Waiver of 1% on fuel surcharge
  • Opportunity to convert significant expenses into convenient Equated Monthly Instalment (EMI), at more than 2,000 retail outlets of consumer electronics and mobile phones, as well as select retail chains and e-retailers.

 

2. Citibank Rewards Credit Card

Eligibility –You must be aged 18 years or above. You should be able to furnish an identity proof, an address proof, as well as a proof of income.

Reward Points –

  • 1 reward point for every Rs. 125 spent using the card.
  • 10x reward points for every spending at departmental stores as well as apparel stores.

Benefits –Activation benefit of 2,500 reward points, and 1,000 points on renewal

Annual Fee –Rs. 1,000

Annual Percentage Rate –39% per annum

Cash Withdrawal Fee –2.5% of the total amount withdrawn, with a minimum amount of Rs. 250

Interest-Free Credit Period –Up to 50 days

Additional Benefits –

  • 20% discount at more than 1,000 restaurants across India
  • Cashback worth 0.75% on all fuel purchases

 

3. CitiBankPremierMiles Credit Card

Eligibility –You must be aged 18 years or above. You should be able to furnish an identity proof, an address proof, as well as a proof of income.

Reward Points –

  • A reward of 10 miles for every Rs. 100 spent on airline transactions
  • A reward of 10,000 Miles on the first spend of Rs. 1,000 (within the first two months of issuance).

Benefits –

  • Complimentary access to airport lounges across India, complete with refreshments and other facilities.
  • A bonus of 3,000 Miles on the renewal of the card

Annual Fee –Rs. 3,000. However, Citi Gold clients are offered this card completely free of cost, while City Priority clients get a waiver on the fee for the first year.

Annual Percentage Rate –37.2% to 42.0% per annum

Cash Withdrawal Fee –2.5% of the total amount withdrawn, with a minimum amount of Rs. 300

Additional Benefits –

  • The opportunity to redeem earned miles across 100+ airlines.
  • Facility to transfer the miles to any of the partner hotels or airlines.

 

4. Citibank Cashback Credit Card

Eligibility –You must be aged 18 years or above. You should be able to furnish an identity proof, an address proof, as well as a proof of income.

Benefits –

  • 5% cashback on movie ticket purchases
  • 5% cashback on all your telephone bill payments
  • Get 5% cashback on utility bill payments (on the use of Citibank Online Bill Pay)

Annual Fee –Rs. 500

Annual Percentage Rate –37.2% to 42.0% per annum

Cash Withdrawal Fee –2.5% of the total amount withdrawn, with a minimum amount of Rs. 500

Additional Benefits –

Tap-and-pay at merchant terminals, without entering the PIN (for bills of up to Rs. 2,000)  

 

5. SBISimplySAVE Visa & Master Card

Eligibility –You must be 18-60 years of age. You should be able to furnish an identity proof, an address proof, as well as a proof of income.

Benefits –2,000 Reward Points for the first Rs. 2,000 spent within 2 months from the date of receiving the card.

Reward Points –10 points for every Rs. 100 spent on groceries, dining, and movies. 1 point for every Rs. 100 spent on other payments.

Annual Fee –Rs. 499

Annual Percentage Rate –40.2% per annum

Cash Withdrawal Fee –3% of the total amount withdrawn, with a minimum amount of Rs. 300

Interest-Free Credit Period –20-50 days

Additional Benefits –Waiver of fuel surcharge of 2.5%, on every transaction between Rs. 500 and Rs. 3,000.

 

6. IRCTCSBI Platinum Credit Card

Eligibility –You must be 18-60 years of age. You should be able to furnish an identity proof, an address proof, as well as a proof of income.

Reward Points –10 reward points against every Rs. 100 spent on groceries, departmental stores, movies, and dining. 2 reward points against the spending of every Rs. 100 on retail products and services.

Benefits –Complimentary membership of ShubhYatra as well as 100% value pack for Railways Points for AC ticket.

Annual Fee –Rs. 500. The renewal fee for this card is Rs. 300.

Annual Percentage Rate –Up to 3.35% per month

Cash Withdrawal Fee –2.5% of the total amount withdrawn using domestic ATMs, with a minimum of Rs. 300 per transaction. 3% of the total amount withdrawn using domestic ATMs, with a minimum of Rs. 300 per transaction.

Interest-Free Credit Period –20-50 days

Additional Benefits –A cash advance limit of up to Rs. 15,000 in case of platinum cards, or up to 80% of the credit limit for regular cards.

Cash Advance Fee SBI or Other Domestic ATMs 2.5% of the withdrawal amount or a minimum of Rs. 300 per transaction.

 

7. American Express Gold Credit Card

Eligibility –You should be a resident Indian in order to apply for this card. Besides, you should have an annual income of Rs. 6 Lakhs or above.

Reward Points –1 reward point of every Rs. 5 spent on select purchases. American Express Reward Points, never expire, and can be conveniently redeemed against travel and lifestyle related purchases.

Benefits –Transfer your balance from another card or store card to your Gold Card at a low rate of 9.90% for the first 6 months.

Annual Fee –Rs. 1,000. However, the renewal fee for this card is Rs. 4,500.

Annual Percentage Rate –15.4% per annum

Cash Withdrawal Fee –3.5% of the total amount withdrawn, with a minimum amount of Rs. 250.

Interest-Free Credit Period –You can conveniently pay the minimum amount, i.e., 5% of your monthly bill, and settle the remaining in the coming months.

Additional Benefits –

  • This card is internationally accepted across more than 200 countries, and at as many as 60,000 merchants.  
  • Your outstanding balance of up to Rs. 1.5 Lakhs is covered with a dynamic insurance policy under the Credit Card Payment Protection Plan.
  • On purchase of travel tickets, you along with your family members are covered for an insurance of up to Rs. 10 Lakhs.
  • As a cardholder, you can place a request for a Supplementary American Express Gold Credit Cards for any of your family members, or friends, completely free of cost.

Now that you know about the Best Credit Cards for Salaried Persons, wait no more before choosing the one which best suits your needs, and apply for it online. Remember, the world of financial freedom is just a click away!

To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit www.mymoneymantra.com, the leading online lending marketplace that offers financial products from 70+ Banks and NBFCs. We have served 2 million+ happy customers since 1989.

Talk to our Loan Specialists toll-free at 1800 103 4004 to know more about our products and offers.

 

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