Up to 10% cashback: 7 credit cards to check out
The festive shopping season brings numerous credit cards with special deals, discounts and cashback offers for Indians. It is essential to consider factors beyond the offer when choosing a card. These include joining and annual fees, reward structure, spending conditions, discount caps, billing cycle, payment due date and charges for missed payments. Expert Siddharth Mehta advises that the card should align with one's spending habits and offer transparent benefits, saving without encouraging unnecessary purchases or debt.
The ideal credit card for this festive season is one that matches an individual's spending habits, provides transparent benefits, and delivers genuine savings. Several factors to consider include reward structure, cashback rates, redemption conditions, spending caps, merchant-specific exclusions, interest rates, late payment charges, foreign currency mark-ups, other applicable fees, and minimum spending requirements.
Among the 7 credit cards identified for big cashback or discounts on online shopping, each has unique features catering to different spending patterns. The SBI Cashback Credit Card offers 5% cashback on online spends and 1% on offline transactions, with a maximum cashback of Rs 4,000 per statement cycle. The HSBC Live+ Credit Card provides 10% cashback on Myntra and 1.5% unlimited cashback on other eligible categories, capped at Rs 1,200 per billing cycle.
The HDFC MoneyBack+ Credit Card offers 10 times cashpoints for spending on specific e-commerce platforms and a quarterly gift voucher. The BOBCard Cashback Card offers 5% cashback on domestic spends and 1% on all transactions, along with a fuel surcharge waiver. The HDFC Millennia Credit Card provides 5% cashback on various online platforms and a Rs 1,000 gift voucher on quarterly spends.
The Amazon Pay ICICI Card offers unlimited reward points on Amazon.in purchases and 1% rewards on other spends. Lastly, the Flipkart Axis Bank Credit Card provides 7.5% cashback on Myntra spends and 1% cashback on all transactions.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
