Tips for Maximizing Benefits from the Best Branded Credit Cards in India
Credit cards are becoming a necessity in today’s world, and with multiple options available, it can be challenging to choose the right one. Branded credit cards are an excellent choice as they offer a host of benefits such as discounts, cashback, reward points, and more. In this article, we’ll discuss the top five best branded credit cards in India, the difference between regular and branded credit cards, and tips to get the best-branded credit cards.
5 Best Branded Credit Cards in India
1. Amazon Pay ICICI Credit Card
The Amazon Pay ICICI Credit Card is an excellent choice for frequent Amazon users. It offers a 5% cashback on Amazon purchases for Prime members and a 3% cashback for non-Prime members. Additionally, it offers a 2% cashback on spends at Amazon Pay partner merchants and 1% on all other spends.
2. Flipkart Axis Bank Credit Card
The Flipkart Axis Bank Credit Card is perfect for frequent Flipkart users. It offers a 5% cashback on Flipkart purchases, a 4% cashback on spends at preferred partners like Swiggy, Uber, and more, and a 1.5% cashback on Myntra and all other spends.
3. BPCL SBI Card Octane
The BPCL SBI Card Octane is ideal for frequent travelers. It offers a 25X reward rate at BPCL petrol pumps and 1% fuel surcharge waiver at all other petrol pumps. Additionally, it offers a 2.5% value back on all other spends.
4. Myntra Kotak Credit Card
The Myntra Kotak Credit Card is perfect for fashion enthusiasts. It offers a 7.5% discount on Myntra purchases, a 1% fuel surcharge waiver, and a 1.25% value back on all other spends.
5. IRCTC RuPay SBI Credit Card
The IRCTC RuPay SBI Credit Card is excellent for frequent train travelers. It offers a 10% cashback on AC ticket bookings made on the IRCTC website and a 1% value back on all other transaction charges on booking railway tickets through www.irctc.co.in.
Difference Between Regular and Branded Credit Cards
Regular credit cards are generic and provide basic benefits such as RPs, cashback, and discounts. On the other hand, branded credit cards are co-branded with a specific brand and offer exclusive benefits such as higher reward points, more significant discounts, and cashback on purchases made with that brand.
Branded credit cards are perfect for those who frequently shop with a particular brand or use a particular service. They offer a higher value proposition and can help you save money in the long run. Regular credit cards are suitable for those who don’t have any specific brand preferences and want a credit card for generic use.
Tips to Get the Best Branded Credit Cards
Below are several tips that can help you to get some of the best branded credit cards in India, and they are as follows:
- Choose a card based on your spending habits and preferences. If you frequently shop on Amazon, the Amazon Pay ICICI Credit Card would be an excellent choice for you.
- Check the eligibility before applying for a credit card. Make sure you meet the least income required and have a good credit score.
- Read the terms and conditions carefully before applying for a credit card. Understand the joining and renewal fees, interest rates, and other charges associated with the card.
- Compare the benefits offered by different credit cards before making a decision. You can compare websites to help you make an informed decision.
- Pay your credit card bills regularly to reduce late payment fees and interest charges. This will also help you to uplift your credit score.
Also Read: WHAT ARE THE KEY ADVANTAGES OF USING SBI CARD PULSE?
Conclusion
Branded credit cards offer a host of benefits and can help you save money on your purchases. The Amazon Pay ICICI Credit Card, Flipkart Axis Bank Credit Card, BPCL SBI Card Octane, Myntra Kotak Credit Card, and IRCTC RuPay SBI Credit Card are some of the best-branded credit cards in India. Select a credit card on your spending habits and preferences, read the terms & conditions carefully, and pay your bills on time to make the most of your credit card.
