10 Best Money Saving Credit Cards In India – 2018

Best Credit Cards in India

So this post is about all things credit cards! I’m a credit card maniac of sorts. In fact, you could even call it an obsession. I’m always on the hunt for new credit cards that offer never-before-heard benefits and offers. You won’t believe how much I end up saving throughout the year by using these credit cards and the offers they come out with from time to time. In this post, I’ve listed some of 2018’s best credit cards in India that would primarily help you save some money.

Please note, I’ve tried to keep the list short as I don’t want to confuse you guys by giving you unlimited options to choose from.

*Post Update 22/10/2018: A few new credit cards have been launched this year since this post was published. And I realised I missed out on a couple of good ones in the original post.

If you do not wish to read the entire post, here are my top recommendations:

My favourite – Citibank Premier Miles Credit Card – it’s a no hassle card that lets you easily earn and redeem miles (as money) on ALL the airlines in the world! You even save almost 2% on all other spends.

For Utility Payments – American Express Membership Rewards Card – get a statement credit of 7,500/- at the end of the year by simply using the card 4 times every month (for 1000/- or more)

For Online Shopping – HDFC Diners Club Cards – highest % savings in it’s category on retail spends.

For Movie Goers – Any of the ICICI Coral, Rubyx or Saphirro Credit Cards – offer Buy 1 Get 1 on movie tickets on BookMyShow.com

Best Credit Cards in India for Saving Money On Travel Spends:

1. Citibank Premier Miles Credit Card

Citibank Premier Miles Credit Card


  • You can earn and redeem miles on ANY airline in the world.
  • Also, these miles are over and above any airline frequent flyer miles you earn on your flight.
  • Easy redemption on Citibank’s Premiermiles.com for free flights.
  • Variety of other redemption options available too.
  • One of the best ‘Travel’ credits cards in India.

Top Reason To Get Citibank Premier Miles Card

Eligibility: A healthy credit score with a stable income is enough to APPLY for the CITIBANK Premier Miles Card. Your credit limit will be set depending on your annual income.

Annual Fee: Rs. 3000/- (Renewal fee is the same for the following years); complimentary for CITIGOLD clients.

Joining Bonus: 10,000 Miles (worth Rs. 4500) on your first spend of Rs.1,000 or more on your Citi PremierMiles Card within 60 days of Card issuance. 3000 Miles on renewal.

Benefits & Features:

  • Earn accelerated 10 Miles per Rs.100 when you book flight tickets and hotel stays at the dedicated PremierMiles website.
  • Earn 10 Miles per Rs.100 spent on all airline transactions – with any airline in the world.
  • Earn 4 Miles for every Rs.100 spent on all other transactions.
  • Complimentary lounge access to selected airport lounges.

Absolute Savings Rate: 1.8% on general spends and 4.5% on travel spends.

Redemption ratio:  1 Mile = 0.45/-

Redeem your miles at any of the below given Citibank Partner websites. Additionally, for any expenses made at Jet Airways, you can straightaway redeem your miles for a statement credit.

Citi PremierMiles Redemption Partners. Best Credit Cards in India
Citi PremierMiles Redemption Partners

2. IRCTC SBI Platinum Card:

IRCTC SBI Platinum Card

USPs: India’s only credit card to save on Indian Railway ticket bookings.

Eligibility: With a good credit score anybody is eligible to APPLY for the IRCTC SBI Platinum Card.

Annual Fee: Rs. 500/- (renewal fee: 300/- )

Joining Bonus: Get 350 activation bonus Reward Points on a single transaction of Rs. 500 or more within 45 days of card issuance. Fuel and cash spends are not included.

Benefits & Features:

  • Buy tickets through irctc.co.in for AC1, AC2. AC3 and AC CC coach and earn upto 10% value back as Reward points. (1 Reward Point = Rs. 1)
  • Get 1 Reward point for every Rs. 125 spent on non-fuel retail purchases, including railway ticket purchases at irctc.co.in
  • Fuel surcharge waiver
  • Save 1.8% transaction charges on railway ticket bookings on www.irctc.co.in.
IRCTC SBI Card Privileges. Best Credit Cards in India
SBI IRCTC Card Privileges

Absolute Savings Rate: 11.8% on railway ticket bookings and ~ 1% on other spends

Redemption Ratio: 1 point = 1 Rupee

Link your IRCTC SBI Card loyalty number with your irctc.co.in login id, to redeem your reward points. For details, click here

To apply for IRCTC SBI Platinum Card via Bank Bazaar site, click here.

Source: SBI Travel Cards

3. American Express Platinum Travel Credit Card:


USP: If you’re a frequent flyer and if you want travel rewards on general spends then you should APPLY for the AMEX Platinum Travel Credit Card right away.

Eligibility: Annual income of Rs. 6 Lacs or above (for both Salaried, Self Employed).

Joining Fee: Rs. 3,500 plus applicable taxes (Second Year onward: Rs. 5,000 plus applicable taxes).

Joining Bonus: 5,000 Milestone Bonus Membership Rewards Points redeemable for travel vouchers worth Rs. 4,000

Benefits & Features:

  • Spend Rs. 1.90 Lacs in a year and you can get Travel Vouchers worth more Rs. 7,700.
  • Spend Rs. 4 Lacs in a year and additionally, you can get Travel Vouchers worth Rs. 11,800. Click here for further details. Also get a voucher worth Rs. 10,000 from the Taj Hotels Palaces Resorts Safaris.
  • You also earn 1 Membership Rewards Point for every Rs. 50 spent on the Card.
  • Enjoy complimentary membership to Priority Pass, with the US$99 annual membership fee waived off exclusively for you.
  • Enjoy exciting privileges every time you book your travel through MakeMyTrip.com. For complete offer details, click here.
  • Fuel convenience fee waiver.
  • American Express SelectsSM Dining Programme – Enjoy up to 20% discount at select premium restaurants, multiple cuisines & more.

Absolute Savings Rate: 5% (assuming, you reach annual spends of 4 Lacs)

Redemption Ratio: 2 points = 1 Rupee worth of travel voucher value.

Source: Amex Platinum Travel Credit Card

4. Standard Chartered Yatra Platinum Credit Card


USP: One single travel credit card to offer cashbacks, reward points as well as fuel surcharge waiver.

Eligibility: Applicant’s age should be between 21 and 65 with a stable income.

Joining Fee: Rs 499 (waived off if annual spends exceed INR 30,000)

Joining Bonus: Yatra.com travel vouchers worth Rs. 4000 and 1000 bonus reward points on the 1st transaction.

Benefits & Features:

  • 10% cashback on base fare for all travel spends on Yatra.com.
  • Frequent flyers: Waiver on Yatra cancellation fees for all tickets booked on Yatra.com.
  • Earn 4 Rewards (on every Rs.100 spent) on Yatra spends and 2 Rewards on other spends.
  • Fuel Surcharge waiver on all fuel spends.
  • 20% cash back on Uber spends upon minimum credit card spends of INR 15,000.
  • Enjoy other amazing special offers by Standard Chartered Credit Cards for online shopping partners – Tata Cliq, Jabong, Croma, Grofers, etc. Click here for complete list.

Absolute Savings Rate: Upto 5% on Yatra spends and 1% on general spends.

Redemption Ratio: 3.6 points = 1 Rupee worth of voucher value. Click here for their redemption catalogue.

Source: Standard Chartered

5. SBI Air India Signature Card

SBI Air India Signature Card

 This card is by far the best premium credit card in India to save money on flight tickets. No other credit card offers the rewards to spends ratio as high as the SBI Air India Signature credit card. Also, the mileage you can earn on this card is one of the highest amongst all travel credit cards.

Not a lot of people prefer flying Air India but there are still a lot of routes in India where only Air India operates regular flights. So if you’re a frequent domestic flyer, then this card is the perfect pick for you.

Joining Fee: Rs 4,999 (Renewal fee also Rs. 4,999)

Joining Bonus: A whopping 20,000 reward points on joining and 5,000 points on renewal!

Benefits & Features:

  • Complimentary Airport Lounge Access.
  • 30 Reward points on every Rs.100 spent on Air India to book tickets for self and 10 reward points when booked for others.
  • 4 Reward points on every Rs.100 for all other spends.
  • Earn upto 1,20,000 additional bonus points on spending more. (20,000 points on 5 Lakhs, 30,000 points on 10 Lakhs and 50,000 Points on spending 20 Lakhs in a single year).
  • Convert all these reward points to Air India Miles in 1:1 ratio.

Absolute Savings Rate: 5-15% on Air India spends (assuming 1 mile = 0.50 paise) and 2% on all other spends.

Redemption Ratio: 1 point = 1 Air India Mile.

You can convert all your reward points into Air India miles and redeem them for free tickets.


There is no other credit card that offers the kind of savings that SBI’s Air India Signature Card offer. Even if you consider every mile to be equal to just 0.50/- still this card offers almost 15% direct saving on all your personal flight bookings. That is a LOT of saving!!

Not only that, but it is also one of the very few cards to offer such a heavy joining bonus (almost 4X that of the joining fees).

The saving potential is massive, especially if you’re a heavy spender.

Let’s say you spend 20L on this card in a year. Then you’d have earned 2,00,000 (120000 bonus points and 80,000 regular points ) frequent flyer miles.

6. MakeMyTrip ICICI Bank Signature Credit Card

MakeMyTrip ICICI Bank Signature Credit Card, Best Credit cards in India 2018






USP: Complimentary membership to MakeMyTrip‘s exclusive invite-only MMTDOUBLEBLACK and MMTBLACK loyalty programmes. Also, one of the few cards with zero renewal fees.

Eligibility: Min monthly income of 20,000/- for salaried people/annual income of INR 3,00,000/- or more for self-employed applicants for any* ICICI Bank Credit Card. However, this varies with different cards but the bank’s website doesn’t provide any information explicitly about this. 

Joining Fee: Rs. 2,499 (ZERO renewal fees for life!)

Joining Bonus: 1,500 MMT My Cash (redeemable without any restrictions at 1:1 ratio) and an unconditional 2,500/- Lemon Tree Hotel voucher redeemable at any of their properties.

Benefits & Features:

  • Complimentary membership to the otherwise invite-only MMTDOUBLEBLACK and MMTBLACK loyalty programme (worth Rs. 1,499). Under which you can enjoy free flight/hotel cancellations twice a year along with other benefits. I’ve been personally been a member since some time now and I must say MMT has done a great job. Read more about the programme here.
  • Get every 6th Ola ride complimentary using this card (up to Rs. 150)! (Mind you there is no limit to the number of free rides you can avail under this offer) Click here for TnC.
  • One of the first cards in India to offer complimentary access to not only Airport Lounges but also Railway Lounges. 
  • Buy 1 Get 1 on movie tickets booked via BookMyShow. (twice a month for tickets worth up to Rs. 600)
  • Get a complimentary international roaming pack of 10 Days valued up to Rs. 3,999 if you’re an Airtel User. This is a REAL saver while travelling abroad, I’d say!
  • Fuel surcharge waiver up to 1%.

Absolute Savings Rate: 

[supsystic-tables id=4]

Other than the MMT My Cash earned on regular spends, ICICI also runs a spends milestone rewards programme for this card:

  • Spend Rs 5 lakh and earn 4,000 My Cash each anniversary year
  • Spend Rs 2.5 lakh and earn 1,100 My Cash each anniversary year.

And along with this, you’re also eligible to earn more MMT My Cash under the MakeMyTrip BLACK loyalty programme as follows:

[supsystic-tables id=5]

Redemption Ratio: 

1 MMT My Cash = 1 Rupee

What I like the most about this card is that there are absolutely NO restrictions on how you can redeem your MMT My Cash. You can simply log in to your linked MakeMyTrip account and use this MMT My Cash as money!


Maybe you’re thinking that the savings rate on your regular spends is not much with this card. And you’re right! But do not underestimate the saving potential of the MakeMyTrip ICICI Bank Signature Credit Card.

All the other side-offers on this card along with the spends milestone bonuses you can potentially save a lot of money using this card!!

Let’s consider a sample case study: 

[supsystic-tables id=6]

Not to mention other than these savings, you also get complimentary Airport/Railway Lounge Access and 2 FREE flight cancellations a year! 

You only think about it, even if you plan just ONE international holiday for your family and book your tickets on MMT using this card, you’d have easily crossed these spends milestones for BONUS MMT My Cash!

Also, I’d like to mention, ICICI runs some amazing offers from time to time under the ‘ICICI Bank Privileges’ section on their website. In most cases, these are applicable on most of their credit cards. And these are quite good too. You can check them out here.

In case you aren’t eligible for this card, you could even apply for it’s lower variant MMT ICICI Platinum Credit Card.

Source: ICICI Credit Cards

Top Credit Cards in India for Saving Money On Online Spends:

7. Axis Bank Privilege Credit Card:


USPs: 3x times the joining bonus than the joining fee.

Eligibility: You’re eligible to Apply for Axis Bank Privilege Credit Card if your annual income is INR 6 Lakhs and above.

Annual Fee: Rs. 1500/- (Renewal fee is the same for the following years); complimentary for Axis Priority clients

Joining Bonus:  Yatra vouchers worth ₹ 5,000/- upon completion of 3 transactions within first 60 days.

Benefits & Features:

  • Earn 10 Axis eDGE Rewards points on every Rs. 200 spent on the credit card domestically/internationally.
  • 2 Complimentary access per calendar quarter to select MasterCard lounges.
  • Fuel surcharge waiver.
  • 5000/- Yatra voucher (or other redemption options) on spending every 2.5L.
  • Get an additional 3000 eDGE (worth Rs.1200) reward points on every renewal.
  • A variety of complimentary insurance benefits for baggage delay, baggage loss, air accident, etc.

Absolute Savings Rate: 2% on all spends.

Redemption Ratio: 5 reward points = 1/- worth of voucher value

For options to redeem points, check the Axis eDGE Rewards Catalogue

8. American Express Membership Rewards Credit Card

Amex Membership Rewards Credit Card

USPs: India’s only credit card to offer reward points redemption straight as a statement credit in your outstanding balance.

Eligibility: You’re eligible to Apply for Amex Membership Rewards Credit Card if your annual income is INR 4.5 Lakhs and above.

Annual Fee: Rs. 1000/- (renewal fee – 4,500/-, Nil if annual spends exceed 1.5L)

Joining Bonus:  4000 Membership Reward Points on using the card 3 times within the first 60 days.

Key Benefits:

  • Earn 1,000 Bonus Membership Rewards Points for simply using your Card 4 times on transactions of Rs. 1,000 and above every month (viz is 12000 MR points annually).
  • Earn 1 Membership Rewards Point for every Rs. 50 spent except for spends on fuel, insurance, utilities, etc.
  • Redeem points for fabulous rewards like Statement credit, Good Earth Gift Cards and more.
  • Earn 5,000 Membership Rewards Points upon First Year Card Renewal, on payment of annual membership fee.
Amex Membership Rewards Credit Card Key Benefits. Best credit cards in India
Amex Membership Rewards Credit Card Key Benefits

Absolute Savings Rate: 13.5% on all spends (upto 48,000 INR annually)

Redemption Ratio:

18,000 MR points = INR 7,500 statement credit

24,000 MR points = INR 10,000 statement credit

So, go on and Apply online for the AMEX Membership Rewards Credit Card right away!

Source: American Express Credit Cards

9. Standard Chartered Platinum Rewards Credit Card

Standard Chartered Platinum Rewards Credit Card

USP: One of the best cards in India with zero effective joining fee. Also, quite easy to get this card.

Eligibility: Applicant’s age should be between 21 and 65 with a stable income.

Joining Fee: Rs 250 (Get 100% onetime cashback (up to INR 500) on spends at Restaurants within 1st 90 days) (Renewal fee Rs.250; waived off if annual spends exceed INR 30,000/-)

Joining Bonus: 100% onetime cashback (up to INR 500) on spends at Restaurants within 1st 90 days.

Standard Chartered Uber Offer 2018
Standard Chartered Uber Offer 2018

Benefits & Features:

  • Earn 5 reward points for every INR 150 spent on dining and fuel with no monthly cap on the rewards earned.
  • Earn 1 reward point for every INR150 spent on all other categories.
  • 20% cash back on Uber spends upon minimum credit card spends of INR 15,000.
  • Enjoy other special offers at Musafir.com and Hotels.com for your travel bookings.
  • For the complete list of offers, click here.

Absolute Savings Rate: Approx 2-3%

Redemption Ratio: 3.6 points = 1 Rupee worth of voucher value. Click here for their redemption catalogue.

Source: Standard Chartered

10. SBI Simply Click Credit Card

SBI Simply Click Credit Card, Best credit cards in india 2018

USP: Earn 10X rewards on every 100/- spent on major online shopping sites such as Amazon, Urban Clab, etc. Good card for entry-level applicants for saving on online shopping.

Annual Fee: Rs. 499/- (Annual fee can be waived off on spending Rs. 1,00,000/- in the year);

Joining Bonus:  Amazon Gift Card worth Rs. 500/-

Benefits & Features:

  • Earn 10X Reward Points on online spends with exclusive partners – Amazon / BookMyShow / Cleartrip / Foodpanda / Lenskart / UrbanClap
  • Earn 5X rewards on all other online spends.
  • Earn 1 point for every 100/- on all other spends.
  • Earn 2000/- e-voucher when your spends cross the 1,00,000/- and 2,00,000/- mark.

Absolute Savings Rate: 2.5% on 10X online partner spends and 0.25% on other spends

Redemption Ratio: 4 reward points = 1/- worth of voucher value

You can check out the redemption catalogue here.

Source: SBI

Best Credit Card In India for Saving Money On Grocery Shopping: 

11. Standard Chartered Manhattan Platinum Credit Card:

Standard-Chartered-Manhattan-Platinum-Credit-Card, best credit cards in india 2018

USP: Straight 5% cashback on ALL grocery spends up to Rs. 500 every month. That’s a direct saving of 6000/- a year.

Eligibility: You’re eligible to Apply for Standard Chartered Manhattan Platinum Credit Card if your annual income is INR 6 Lakhs and above.

Annual Fee: Rs. 999/- (Renewal fee is the same for the following years but can be waived off on spending Rs. 1,20,000/- in the year);

Joining Bonus:  BookMyShow voucher worth Rs. 2000/-

Benefits & Features:

  • Get 5% cashback on all supermarket and departmental store spends on a minimum spend of 1000/- per txn.
  • 20% cash back on Uber spends (up to 600/- every month) upon minimum credit card spends of INR 15,000 in a month.
  • Get Rs. 250/- off on a transaction of 1000/- at Grofers every weekend.
  • Get 3X reward points on every 150/- spent on all other category spends (dining, fuel, etc.)

Absolute Savings Rate: 1%-2% on all spends.

Redemption Ratio: 3.6 reward points = 1/- worth of voucher value

All-in-all a great card for entry level salaried applicants and a potential money-saver, groceries being a basic need.

Click here for detailed TnC.

Source: Standard Chartered

Best Credit Cards in India for Saving Money On Retail Spends:

12. HDFC Regalia Credit Card


USP: Good business credit card with lowest forex charges in its category.

Eligibility: For salaried applicant’s age should be between 21 and 60 with gross monthly income greater than 1,20,000/- and for self-employed people, net annual income should be greater than Rs.12 Lakhs.

In case you’re not eligible for HDFC Regalia, don’t be disappointed. Alternatively, you can first apply for Regalia First Credit Card and then go for the Regalia card 6 months down the line. Regalia First has the same benefits but much less stringent eligibility criteria.

Joining Fee: Rs 2,500 (Renewal fee of Rs.2,500 would be waived off if annual spends exceed Rs. 3L)

Joining Bonus: 2,500 bonus reward points (equal to Rs.1,250)

Benefits & Features:

  • Complimentary Airport Lounge Access (12 visits a year!!) via Priority Pass Membership.
  • 4 Reward Points on every Rs.150 spent.
  • Fuel Surcharge waiver of 1%.
  • Lowest Forex transaction charges of 2%. Other cards offer 3.5%.
  • Earn 15,000 Reward Points on annual spends of Rs. 8L and 10,000 Reward Points on Rs.5L.

Absolute Savings Rate: 1.33% (4 points on every 150/- spent, each valued at 0.50/-) on ALL spends.

Redemption Ratio: 1 point = 0.50 paise. You can redeem the points for booking  flights and hotels on HDFC’s Regalia website: //hdfcbankregalia.myrewardz.com/

Source: HDFC Credit Cards

13. HDFC Diners Club Cards

HDFC launched the diners club and regalia cards with similar kind of privileges. The only difference is the way both these cards let you earn bonus reward points. Regalia cards give you bonus points on crossing certain spend milestones. Whereas, the Diners Club cards let you earn 10X reward points when swiped at any of their 10X partners. Complimentary Golf Lessons also makes Diner’s Club the prefered choice of card for many corporate honchos who like to taste luxury every once in a while.


  • Maximum savings (> 10% in some cases) on retail spends under the 10X partners’ program.
  • The only card in this category to offer complimentary Gold Lessons every quarter.
  • Available in different variants suited for all income ranges.

The Diner’s Club Cards mainly come in 3 different variants, namely – HDFC Bank Diners Club Rewardz, HDFC Bank Diners Club Premium and HDFC Bank Diners Club Black Credit Card. Depending on your annual income you could go for either of these. Here’s a quick comparison chart for all three:

[supsystic-tables id=10]

*Note: The monthly capping only applies to the reward points earned under the 10X program. You still continue to earn reward points on regular spends.

Rewards & Redemption:

With all of the HDFC Diners Club Cards you can earn 10X Reward Points with the 10X retail partners of HDFC:

HDFC Diners Club 10X Partners:

HDFC Diners Club 10X Partners
HDFC Diners Club 10X Partners

Redeem Reward Points for booking air tickets/hotels across 150+ airlines and choice of hotels (domestic & international) at www.hdfcbankdinersclub.com

Absolute Savings Rate:

[supsystic-tables id=1]

Source: HDFC Credit Cards

India’s 1st Dual Debit Cum Credit Card:

14. Indusind Bank Duo Credit Card

Indusind Bank Duo Card, Best credit cards in india 2018

USP: India’s 1st dual debit-cum-credit card.

Eligibility: You need to have an account in Indusing Bank, obviously. The limit of your ‘credit card’ is set based on your income statments.

Joining Fee: The bank website doesn’t mention any joining fees, so I’m assuming it’s nil.

Joining Bonus: You get up to 500 reward points on completing a few transactions at ATMs, Internet Banking, Mobile Banking, etc. within the 1st 60 days of account opening. For detailed TnC click here.

Benefits & Features:

  • The card comes with 2 EMV chips and magnetic strips, so you can use it as a debit/credit as you please.
  • Complimentary Airport Lounge Access (8 visits a year valued at $27 per visit!!)
  • 1 Reward Points on every Rs.150 spent.
  • Fuel Surcharge waiver of 1%.
  • Redeem your reward points for a cash credit on your outstanding amount.
  • Get Buy 1 Get 1 offer at BookMyShow (ticket value capped at 250/-) once every month.
  • Air accident insurance cover of up to Rs. 25 Lacs
  • Get extra reward points on doing regular internet and mobile banking transactions.

Reward Structure:

Points earned on card usage:

[supsystic-tables id=7]

Persistence points earned once every quarter:

  • Debit Card – 100 pts for a minimum spend of Rs. 500/month for 3 months in a row.
  • Internet Banking – 25 pts for 1 internet banking transaction per month for 3 months in a row.
  • Mobile Banking – 50 pts for 1 transaction per month for 3 months in a row.

Absolute Savings Rate: 0.5% (1 point on every 150/- spent, each valued at 0.75/-) on ALL spends.

Redemption Ratio: 1 point = 0.75/- 

You can redeem the points for a cash credit on your statement or visit IndusMoments.com for other redemption options.


From a savings point of view, this credit card isn’t an obvious choice. However, I still included it in this list since it’s one India’s first dual debit-cum-credit card.

The IndusInd Bank Duo Card is suitable for those who already have an account with Indusind Bank and are not very heavy spenders. If you’re tech-savvy when it comes to your banking needs then this card will definitely save/make you some free money.

Also, if you’re one of those who’d rather prefer to carry around a single plastic card instead of multiple cards, then this is an apt pick for you.

For the detailed TnC for this card, click here.

Source: IndusInd Bank


I know this article was a bit too long with too much information in one go. So in case you’re still unsure about which card to go for you could use my help:

For mid-range income groups, CITIBANK Premier Miles Card takes it hands down. It lets you earn 4 miles on every 100/- spent on ANY spends. Moreover, you can use these miles straight away as cash for booking hotels and flights on the bank’s site.

Another one I’d recommend all you readers to get is the AMERICAN EXPRESS MEMBERSHIP REWARDS card. In a year, just by using your card 4 times a month you’d have accumulated enough points to give you a statement credit worth Rs. 7,500/- which is a huge saving. Moreover, it also offers 5% cashback (upto Rs. 750/- a quarter) on utility payments straight to card from time to time.

In case, you wish to do your own research, here is a previously published article that’d help you pick the right credit card for yourself:

How to choose the right credit card?

Hope you found this post helpful 🙂 Let us know in the comments section if we’ve missed out on any or if you need any help picking the perfect credit card for yourself!

10 thoughts on “10 Best Money Saving Credit Cards In India – 2018”

  1. Pingback: How To Choose The Best Credit Card For You - 6 Things To Consider

  2. I can see the hard work and time spent on this by you on this article. Good one. Most of these are fees based and for frequent flyers. This is like a small trap. They give JP points, and take fees. JP points have a v low conversion ratio… I think about 20 paise… pathetic 🙁 Please also write an article about cards with no fee and rewards for general public. Most important point to mention is that, a person will be able reap most of these benefits only if he or she pays off the full balance every month, by the due date. Otherwise, the penalties and interest charges far far out weigh the benefits for the poor guy. Hope you take this positively.

    1. Thank you so much, Tej. Appreciate it.

      You’re right about the miles-based cards. But in recent times, that has changed slightly. Nowadays, many cards offer flexible reward points instead of miles which can be used straight-away as money! The CITIBANK Premier Miles card is a good example of that. You even get 10,000 Premier Miles (worth 4,500/-) on paying joining fees of 3,000/-.

      In fact, in most cases, you get the benefits for paying the joining fees almost immediately and they’re usually more than what you pay as joining fees.

      However, you’re completely right if we consider the traditional JP miles cards. These are only good for redemption on last minute tickets so you get good value of the JP miles. Which is also why I haven’t included them in my list.

      LMFL Quick Saving Tip: If made use of well, your JetPrivilege membership can get you at least 3-4 free flights (without using any CC). There is a separate post on that too which you should read.

      Regarding the interests and fees, I can’t argue or say much about that as ‘credit cards’ as a financial product are made that way. I’d rather suggest instilling some discipline in your spending habits. What I’ve done is, I’ve kept my credit cards separate for ‘fixed monthly expenses/necessities’ such as bills, electricity, groceries, etc. and for my personal ‘leisure’ expenses such as outings, movies, etc. And I’ve put a low credit limit on the second card. This way I’m able to keep my extra expenses in check and avoid interest/late payment fees etc.

      I’d be more than happy to write an article on credit cards with zero fees, but if you ask me they don’t actually end up saving you any money and you’re still at risk of over-spending. So in such a scenario, I’d rather stick to a debit card.

      Thanks again for the feedback 🙂 Hope to see you around!

      Lots of thrifty love, LMFL 🙂

  3. Pingback: Top 30 Cool & Affordable Things To Buy On Amazon India in 2019 - LMFL

Leave a Reply