Credit Card Comparison

With so many credit cards on the market that offer perks in a variety of categories, deciding on the best credit card in India for you might be a challenge. To help you find the best credit card, we've compiled a list of the top 10 credit card comparison chart available in India from major banks and card issuers. Credit card comparison is important to analyze annual fees, features, bonuses, and offers, and then apply for the credit card that best meets your needs.

Best credit card comparison chart

What are the main benefits of having a credit card

A credit card is necessary for the following reasons, in addition to its convenience of use:

• Aids in the development of a good credit score

• A 45-day interest-free credit period is available.

• Transactions that are both online and offline are hassle-free.

• Excellent rewards, cashback, discounts, and deals are included.

• In the event of a financial emergency, this will come in handy.

• To buy large-ticket purchases and pay them off over time with affordable EMIs

• All transactions are safe because they require OTP and PIN verification.

Credit Card Advantages

Cardholders can take advantage of the following credit card benefits:

• Welcome Offers: These days, most credit cards come with welcome benefits such as gift cards, discounts, or additional rewards points.
• Reward Points or Cash Back: Reward points, air miles, or direct cashback are credited to your account every time you use your card to make a purchase. Cashback is applied straight to your card account, whereas reward points can be exchanged for gifts and items. Air Miles can be redeemed for reduced airline tickets.
• Fuel Surcharge Waiver: Almost all credit cards include this benefit, which waives the surcharge anytime you fill up your car as long as you spend a specified amount.
• Airport Lounge Access: Some credit cards include a set number of complimentary lounge visits at domestic and international airports per year. These advantages are notably available with travel-centric and premium cards.
• Credit cards also come with insurance that covers incidents up to a specified limit. It could be an air accident policy, a lost card liability policy, or an out-of-country hospitalisation policy.
• Cash Advance: You can also use your credit card to withdraw cash from an ATM. This is really useful in an emergency when you require immediate cash.
• Card Add-Ons: A handful of credit cards allow you to obtain an add-on card (also known as a supplemental card) for members of your family, such as your spouse, siblings, children, and parents. The perks of an add-on credit card are usually similar to those of the primary card.
• EMI Conversion: The most prevalent credit card perk is EMI Conversion. You can break down large purchases into EMIs and spread the payments out over a few months.

Which Credit Card Is Right for You

• Your pattern of spending: When it comes to picking the right credit card, your monthly spending pattern is crucial.
• The reward type: Credit cards offer cashback, reward points, and air miles as rewards.
• Fees and charges: Compare the interest rates and fees and charges associated with various credit cards.
• Card offers: Some cards come with excellent deals and discounts when you use them to shop on a specific website or in a specific store.
• When you apply for a credit card, some banks will give you a welcome bonus or a joining incentive. The latest item or additional points and miles could be given as gifts.
• Payment options: Most credit cards allow you to pay in a variety of ways.

Credit Card Online Application Process

• Examine and compare the various credit card options.

• Choose from the best credit cards given by India's largest banks.

• Make sure you're eligible.

• Go to the bank's website to learn more.

• Investigate the bank's credit cards.

• If one is available, use it to compare their features and benefits.

• Choose the card that is best for you and press the 'Apply' button.

• Complete the essential fields and submit all required papers.

• Fill out the form and submit it.

Note that each bank may have its own application process. For further information on how to apply for a card online, go to the bank's website.

Compare Credit Card side by side

Best travel credit card comparison 

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AMEX card comparison

American Express Gold card

Why Choose It?

The American Express® Gold Card can be used to earn up to 4x points by foodies and travellers. The annual price may appear overwhelming, but by making use of the offered benefits and making certain purchases, you can easily come out ahead.

Advantages and disadvantages

• Possibilities for high-paying jobs

• Points can be transferred to a variety of partners.

• For no additional annual price, you can add up to 5 authorised users.

• Regular or rose gold variants are available.

• There are no lounge benefits.

• There are few choices for carrying a balance.

• For the pay overtime function, the APR is high.

• High penalty for paying late.

Information about the card

• Rose gold is making a comeback. You now have the option of choosing between gold and rose gold.

• Spend $4,000 on eligible purchases with your new Card during the first 6 months to earn 60,000 Membership Rewards® Points.

• Earn 4X Membership Rewards® points at restaurants, including takeout and delivery, and 1X points at supermarkets in the United States (on purchases up to $25,000 per calendar year).

• When you book flights directly with airlines or through amextravel.com, you'll earn 3X Membership Rewards® points.

• $120 Uber Cash on Gold: Link your Gold Card to your Uber account and receive $10 in Uber Cash per month for Uber Eats orders or Uber rides in the United States, up to a total of $120 per year.

• $120 Dining Credit: When you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations, you can earn up to $10 in monthly statement credits. This can save you up to $120 every year. It is necessary to enrol.

• When you subscribe with your Gold Card by 12/31/21, you can get up to 12 months of Uber Eats Pass for free.

• There are no fees for international transactions.

• The yearly fee is $250.

American express platinum card

Why Choose It?

The Platinum Card is designed for frequent travellers who want to take advantage of the Platinum Concierge service and a wide range of premium travel features. The traditional status card's astronomical annual charge is fully justified in the proper hands.

Advantages and disadvantages

• When you book flights and accommodations via American Express Travel, you can earn a lot of points.

• The cost may be justified if you have multiple credits.

• Access to all of the airport lounges

• With enrollment, you will receive luxury travel advantages and elite status with Hilton and Marriott.

• The annual price is quite high.

• Maximizing statement credits takes time and effort, and it may be impossible for some.

• Outside of travel, the reward rate is below average for a premium card.

Information about the card

• After spending $6,000 on the Card in your first six months as a member, you'll earn 100,000 Membership Rewards® Points.

• Plus, during your first six months of Card membership, earn 10x points on eligible purchases made with the Card at restaurants around the world and when you Shop Small in the United States, on up to $25,000 in combined transactions.

• For flights booked directly with airlines or with American Express Travel, earn 5X Membership Rewards® Points up to $500,000 per calendar year.

• When you book prepaid hotels with American Express Travel, you'll get 5X Membership Rewards® points.

• When you book prepaid Fine Hotels + Resorts® or The Hotel Collection reservations with American Express Travel and pay with your Platinum Card®, you'll receive $200 in statement credits each year.

• $240 Digital Entertainment Credit: Get up to $20 in monthly statement credits when you use your Platinum Card® to pay for eligible purchases from Peacock, Audible, SiriusXM, and The New York Times. It is necessary to enrol.

• The Centurion® Network has grown to encompass more than 40 Centurion Lounge and Studio locations throughout the world, according to American Express. There are many more venues where your Platinum Card® can offer you free admission and exclusive rewards.

• $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year at one qualifying airline for baggage fees and more.

• $200 Uber Cash: Earn Uber VIP status and save up to $200 on trips or food orders in the United States each year. Only Basic Card Members have access to Uber Cash and Uber VIP status.

• Get up to $25 back each month on certain Equinox subscriptions with a $300 Equinox credit. It is necessary to enrol.

• $179 CLEAR Credit: Use your Card to earn up to $179 off your CLEAR® membership each year.

• The annual fee is $695.

Frequently asked questions

How does a credit card work?

A credit card provides you with a line of credit that you can use for debt transfers, purchases of all types, and cash advances. You will be required to repay the money by the bank's deadline. When using a credit card, you must remember to make the minimum payment each month by the due date.

What is the maximum credit card limit?

This is the maximum amount that a cardholder can spend. When your credit card has a large limit, it allows you to spend more, which improves your credit score.

Is it possible to receive a credit card online?

Yes, you may apply for a credit card online by visiting your favourite bank's website, or by comparing choices and applying for one on BankBazaar.

What is the credit score need for a credit card?

A credit score of at least 650 is required to obtain a credit card.

Is it possible to receive a credit card without having a job?

You can get a credit card even if you don't have a job and have a decent amount of money coming into your account every month or so.

Is it possible to receive a credit card in one day?

Yes. Your credit card application could be accepted in as little as one day thanks to the online application system. The physical credit card, on the other hand, will not arrive in one day.

Do credit cards provide access to airport lounges?

Yes, many credit cards provide access to domestic and international airport lounges.

What are the advantages of having a credit card?

Yes, most credit cards have a reward point system that allows you to collect points for spending a certain amount of money. These points can then be exchanged for vouchers, money, or air miles.

With a negative credit score, can I acquire a credit card?

Credit card approvals are generally considered good if your credit score is above 650. Scores of less than 650 are typically deemed inadequate, and clearance may be conditional on providing security (collateral such as fixed deposits).

Is it necessary for me to use my credit card monthly?

You don't have to use your credit card every month, but you should do it frequently to keep it from being marked as inactive by the bank.

What are the fees for using my credit card to withdraw cash?

Fees will vary depending on the bank. In most cases, the fee will be between 2.5 percent and 3 percent of the total transaction value. A minimum payment of Rs.250 to Rs.500 will be required.