September 2024

Best Credit Cards for Shopping | Top 4 Co-brands Credit Cards

Best Credit Cards for Shopping | Top 4 Co-branded Credit Cards

Introduction: Best Credit Cards for Online Shopping in India In today’s shopping landscape, choosing the best credit cards for Online Shopping in India can significantly enhance your purchasing power and overall experience. Co-branded credit cards offer unique perks and rewards tailored to specific retailers or brands. Whether you’re a frequent shopper at your favorite stores or just looking to maximize your spending, this guide will help you identify the best credit cards for shopping online in India. Disclaimer: This blog may include partnered links, but this does not affect our rankings or reviews. Our goal is to provide unbiased information to help you make the best decision.  Table of Content: Introduction What are Co-branded Credit Cards? Top 4 Co-branded Credit Cards for Shopping HDFC Tata Neu Infinity Credit Card Myntra Kotak Credit Card Flipkart Axis Bank Credit Card Amazon Pay ICICI Credit Card Benefits of Using Co-branded Credit Cards Conclusion FAQs What are Co-branded Credit Cards? Co-branded credit cards are financial products offered by banks in partnership with specific retailers or brands. These cards typically provide rewards or discounts when used at the partnered store, making them a great choice for loyal customers. They often come with additional benefits such as exclusive promotions, bonus points, or cashback. Credit Cult Recommendation: 4 Best Credit Cards for Shopping Online in India In this blog, we review four standout credit cards for utility bill payments: HDFC Tata Neu Infinity Credit Card, Myntra Kotak Credit Card, Flipkart Axis Credit Card and Amazon Pay ICICI Credit Card. Based on our analysis of cashback percentages, its cost and overall benefits, here’s our detailed recommendation: #1. HDFC Tata Neu Infinity Credit Card Apply Now Joining & Annual Fees: Rs 1499 or Lifetime Free 10% back as NeuCoins on Shopping on Various Brands on Tata Neu (Including Neupass valueback) Upto 20% instant discount on spends during TATA PayDay Sale (including NeuPass offer) 1.5% NeuCoins on Other Spends and UPI spends through RuPay credit card through TATA Neu App Welcome Benefit: 1499 Neucoins on payment of Joining Fees Know More Minimum 5% back as NeuCoins on shopping on Tata Neu or TATA Brands 1.5% back as NeuCoins on Non-Tata brand spends and any merchant EMI spends 1.5% back as NeuCoins, up to 500 NeuCoins per month, on UPI spends via RuPay card variant Additional 5% back as NeuCoins for NeuPass Members on transactions done on Tata Neu App/Website Complimentary Airport Lounge Access (1/Quarter for International and 2/Quarter for Domestic Airport Lounges) #2. Myntra Kotak Credit Card Apply Now Joining and Annual Fees: Rs 500 7.5% off up to Rs. 750 per transaction on Myntra 5% cashback up to Rs. 1,000 per month on Swiggy, Swiggy Instamart, PVR, Cleartrip & Urban Company Unlimited 1.25% cashback on other spends, except rent, wallet & fuel spends Welcome Benefit: Rs. 500 Myntra voucher on the 1st transaction of min. Rs. 500 Know More 4 complimentary domestic lounge access per year (1 per quarter) Movie benefits (on meeting the spend-based condition) Complimentary Myntra Insider membership #3. Flipkart Axis Bank Credit Card Apply Now Joining and Annual Fees: Rs 500 5% cashback on Flipkart Shopping and Cleartrip transactions 4% cashback on preferred merchants – PVR, Swiggy, Uber and cult.fit 1% cashback across all other spends Joining benefit worth Rs. 600 from Flipkart and Swiggy Know More 4 complimentary domestic lounge visits in a year Unlimited cashback without any capping #4. Amazon Pay ICICI Credit Card Apply Now Joining and Annual Fees: Nil 5% cashback on Amazon Shopping spends for Amazon Prime Members 3% cashback on Amazon Shopping for non-prime members 2% cashback on partner spends 1% cashback on other spends Joining Benefit: Amazon Prime for 3 months Know More No complimentary domestic lounge access Special Signup offers worth more than Rs 1500 (Amazon Shopping and Bill Payments) No limits on earning rewards Benefits of Using Co-branded Credit Cards Tailored Rewards: Earn points or cashback specifically for the retailer you shop at most. Exclusive Discounts: Access to special promotions and sales. Membership Benefits: Enjoy perks like free shipping, early access to sales, or loyalty points. Flexible Redemption Options: Use points for future purchases or travel rewards. Credit Cult Conclusion When it comes to maximizing your shopping rewards, co-branded credit cards can offer significant benefits tailored to your spending habits. And above we ranked on the basis of Reward-Cost Ratio: Tata Neu Card: Even with High Annual Charges HDFC Tata Neu Credit Card stands out for its extensive rewards (up to 10%) across multiple Tata brands on Tata Neu App, making it ideal for those who frequently shop at Tata retail outlets and use Tata services. Myntra Kotak Card: Perfect for fashion enthusiasts, this card offers excellent cashback and discounts (up to 7.5%) specifically for Myntra purchases, ensuring you save while you shop for the latest trends. Flipkart Axis Card: A strong contender for online shoppers, especially Flipkart Shoppers, this credit card provides great cashbacks on Flipkart purchases and on other online transactions. Amazon Pay ICICI Card: Best Credit Card for Amazon Prime Members as it offers up to 5% cashback on Amazon purchases along with benefits for everyday spending, making it a reliable option for many. Each of these cards has unique features and rewards that cater to different shopping preferences. By considering your shopping habits and choosing the card that aligns best with your lifestyle, you can maximize your savings and enhance your shopping experience. Happy shopping! FAQ: Best Credit Cards for Shopping 1. Are co-branded credit cards worth it? Answer: Yes, if you frequently shop at a specific retailer, the rewards and benefits can provide significant savings. 2. Do co-branded credit cards have annual fees? Answer: Some do, while others have no annual fees. It’s essential to weigh the benefits against the cost. 3. Can I use co-branded credit cards anywhere? Answer: Most co-branded cards can be used anywhere that accepts their payment network (like Visa, RuPay or Mastercard), but they often offer enhanced rewards for purchases made at the partnered retailer. Hey Readers, We hope

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Best Credit Cards for Students in India

5 Best Credit Cards for Students in India: Credit Cards against FD

Which are the Best Credit Cards for Students in India? For students and first-time credit card users, building a solid credit history can seem daunting. However, FD Cards (credit cards against FD) offer an excellent solution, especially for those with limited or no credit history. FD cards are secured against a fixed deposit, making them a reliable choice for both the cardholder and the issuing bank. I remember how the SBM One Credit Card helped me in establishing my own credit score. If you’re in a similar position, looking to build your credit profile while enjoying the perks of a credit card, FD-based cards could be the ideal option for you. In this blog, we’ll delve into the 5 Best Credit Cards for Students (i.e., Credit Cards against FD) in India. We’ll explore their features, benefits, and how they can be particularly advantageous for students. Introduction (5 best Credit Cards for Students) Why Choose FD Based Credit Cards? Credit Cult Recommendations: Top 5 Credit Cards against FD SBM One Credit Card IDFC First WOW Credit Card Kotak Mahindra #DreamDifferent Credit Card ICICI Instant Platinum Credit Card SBI Unnati Credit Card Benefits of Credit Cards against FD Pros and Cons of Credit Cards against FD Conclusion FAQs Why Choose Credit Cards against FD? FD-based credit cards offer a gateway to financial independence without the risks associated with unsecured credit. They are ideal for students and first-time users because they require a fixed deposit as security, reducing the likelihood of default. Thus, the best credit cards for students in India. Credit Cult: Top 5 Credit Cards against FD 1. SBM One Credit Card     Joining/annual Fees     FD RATE     FD Requirement         Credit LImit     Early withdrawal Nil 6.55% ₹2,000 100% of fd allowed Apply Now Why Choose It?: Upto 25% Valueback Offers on Stores Around| 100% Credit | Discount on E-commerce | #Best Know More #MetalCard 1 reward point on every Rs. 100 spent No savings account required Up to 50 days of interest free credit period 1% fuel surcharge waiver zero forex convenience fees Full control from the user-friendly OneCard App 2. IDFC First Wow Card      Joining/annual Fees     FD RATE     FD Requirement         Credit LImit     Early withdrawal Nil 7.5% p.a. ₹10,000 100% of fd No Apply Now Why Choose It?: 100% Credit | 50% off on BMS Ticket | 10% Instant Discount on Flipkart/Myntra/TataCliq Know More 50% off on BookMyShow Movie Tickets Setup your own credit limit by fixed deposit anytime, anywhere Great partner offers 300+ brands like Myntra, Flipkart, Ajio, etc. Zero Forex Conversion Fee Personal Accident cover of up to Rs.2,00,000 Fuel surcharge waiver of 1% upto Rs. 200/month 10% Instant discount on Flipkart 10% Instant discount on Myntra, AJIO, Tata CliQ,1MG 15% Instant discount on Tata CliQ, Palette, Sugar cosmetics, Zomato 10-20% Instant discounts on Travel bookings on Yatra, Adani one, MMT , GoIbibo etc 3. Kotak Mahindra Card     Joining/annual Fees     FD RATE     FD Requirement         Credit LImit     Early withdrawal Nil bank fd rates ₹5,555 or ₹10,000 90% of FD Not disclosed Apply Now Why Choose It?: UPI Enabled | 1% Valueback on Online Spends | Milestone Offers | Online Offers by Bank Know More Cash withdrawal allowed up to 90% of the credit limit 1% fuel surcharge waiver on all petrol pumps (between Rs. 500 and Rs. 3,000) (Maximum Rs. 3,500 per year) Up to 48 days of interest-free cash withdrawal from the date of purchase made (Fee Applicable) 500 bonus reward points on Rs 5,000 spends in the first 45 days Milestone Program on spends of 75,000/more – Earn Cashback of Rs 750 or Get 4 PVR Tickets 4. ICICI Instant Platinum     Joining/annual Fees     FD RATE     FD Requirement         Credit LImit     Early withdrawal Nil Bank fd rates ₹50,000 Not disclosed not disclosed Apply Now Why Choose It?: 10% Instant Discount and No-Cost-EMI on Online Platforms | Movie Discounts Know More Enjoy waiver of 2.5% fuel surcharge on fuel purchases at HPCL Petrol Pumps when the Card is swiped on the ICICI Merchant Services swipe machines. Fuel surcharge waiver is applicable only for transaction up to Rs 4000. Earn 2 ICICI reward points on every Rs 100 spent except on fuel purchases. Redeem your ICICI reward points for attractive products. Dining Offers on TGI Fridays, Café Coffee Day, Pizza Hut, etc through ICICI Bank Culinary Treats Program 5. SBI Unnati Credit Card     Joining/annual Fees     FD RATE     FD Requirement         Credit LImit     where to apply Nil (for 4 years) bank fd rates 25,000 Not disclosed Apply in branch Apply Now Why Choose It?: Online Offers | Milestone Benefit Know More No annual fee for the first 4 years 1 reward point per Rs. 100 spent 1% fuel surcharge waiver of up to Rs 100 per statement cycle (spend between Rs. 500 – Rs. 3,000) Milestone Rewards – Rs 500 cashback on achieving annual spends of Rs 50,000 Attractive offers & discounts from Zomato, Xiaomi, Amazon, ClearTrip, Ajio, MakeMyTrip and other top brands Benefits of Credit Cards against FD Credit cards against FD come with several advantages that make them an attractive option for students and those new to credit: Easy Approval: These cards are secured against an FD, making approval easier even for those with no credit history. Credit Building: Regular usage and timely payments help in building a credit score, essential for future credit needs. Low Risk: The risk is lower for both the bank and the cardholder, as the FD acts as collateral. Rewards and Offers: Despite being secured, these cards offer rewards, discounts, and other benefits similar to unsecured credit cards. Flexibility: The fixed deposit earns interest, and the credit card allows for flexibility in managing expenses. Pros & Cons of Credit Cards against FD Pros: Easy Approval Process: Since FD cards are backed by

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