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Credit Card
Best Credit Card For 2021-22 – Top Credit Card Picks

Best Credit Card For 2021-22 – Top Credit Card Picks

Raviraj Parekh January 24, 2021

Best Credit Card 2021-22 – Which is the best credit card for 2021? Well, it is a known fact that the choice of best credit card is different for every individual. The reason is credit card choice depends on the purpose, goal, and lifestyle of the individual. That’s why I have compiled a list of the best credit card 2021 in all major categories like cash back, travel, premium and lot more. Explore Top Credit Card Picks from the list given below and select the best credit card for you.

#1 Best Credit Card for Cashback and Rewards

#2 Best Credit Card for Online Shopping

#3 Best Credit Card for Business

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  • Lifetime Free Credit Card offer really worth to avail?
  • Credit card reward points – How to earn and redeem?
  • Easy Finance, EMI Card or EMI on Credit Card

#4 Best Credit Card Travel Category

#5 Best Credit Card Premium Users

Before sharing a list of best credit cards let’s take a look at steps that you should follow to find out the right credit card for you.

Also Read – 15 Types of Credit Cards in India and Usage

How to choose a credit card?

Usage of the Card

Firstly, decide what is the purpose of availing a credit card? This means to decide what you will use the card for. E.g if you are looking for a credit card for general spending you should go for low-interest credit card. If you are looking for a card for travel cashback you should go for a card providing travel benefits.

Look at your Spending Habits

To find out your usage or to decide the purpose of the card, look at your spending habits. You can divide your expense into major categories such as groceries, fuel, business spending, restaurant, etc. it is advisable to look at the past few month expense sheet to see what type of expenses are made by you frequently. Choose a card that provides maximum rewards in the category where you are making frequent expenses.

Compare Key Features

You should look at the key features offered by the card. The key features of the card include cashback, rewards, cash withdrawal fees, security features, minimum payment, sign up bonus, other perks, add on card, Flexi pay option, etc. Choose the card that offers maximum features.

Look at Annual Fees and Interest rates

The next point to consider while selecting a credit card is annual fees and interest rate applicable on the card. Select the card that offers lowest interest rate on the default. It is advisable to go for life time free credit card without any annual fees.

Credit limit and Penalties

You should check applicable credit limit and penalties applicable in case of default or delay in the payment. Credit limit means amount that is allowed per month by credit card issuer. If your usage is high it is recommend to go for card with higher credit limit.

Best Credit Card 2020

Best Credit Card 2021 – Top Credit Card Picks

#1 Best Credit Card for Cashback and Rewards

Citi Cash Back Credit Card

Citi Cash Back Credit Card is one of the best credit card that provides cashback and rewards. You can enjoy saving, cashback and multiple other benefits using this card. The key features of Citi Cash Back Credit Card are given below.

  • 5% cashback on movie ticket, telephone and utility bill payments. The maximum cashback is Rs.100 for each category per month.
  • 0.5% cashback on any other spend.
  • Up to 15% saving across participating restaurants.
  • Cashback redemption in multiple of Rs.500 credited automatically.
  • Facility to convert bill in to EMI.

Joining Fee – NIL

Annual Fee – Rs.500

Interest rate – 3.5% per month

HDFC MoneyBack Credit Card

HDFC MoneyBack Credit card is one of my favorite credit card. Accelerated rewards and saving of fuel expense are plus points of this card. Key Features of HDFC MoneyBack Credit Card are given below.

  • 2 Reward points on every Rs.150 spent using card.
  • 2X more reward points on online purchase.
  • Enjoy saving up to Rs.250 with 100% fuel surcharge waiver.
  • Redeem point for gifts and air miles.
  • Zero liability lost card benefits.

Joining Fee – Rs.500

Annual Fee – Rs.500

Interest rate – 3.49% per month

#2 Best Credit Card for Online Shopping

SBI Simply Click

SBI Simply Click as name indicates it is credit card for online users. This card provides exclusive benefits for online shopping on Amazon, BookMyShow, Cleartrip etc.

  • Amazon Gift Card of Rs.500 on joining.
  • 10X rewards on online shopping with exclusive partners.
  • 5X rewards on any other online spending.
  • Milestone base spend reward of Rs.2000.
  • 1% fuel surcharge waiver on fuel spend.
  • Annual fee reversal facility.
  • Contactless Technology.

Joining Fee – Rs.499

Annual Fee – Rs.499

Interest rate – 3.35% per month

ICICI Bank Coral American Express Credit Card

ICICI Bank Coral American Express Credit card is next in the list of best credit card for online shopping. This card is projected as extra reward card that provides multiple benefits on shopping, travel and entertainment.

  • 2x reward points on online spends.
  • 2 Payback reward on every Rs.100 spend.
  • Get complimentary movie ticket per month.
  • Save 15% money on dining bills at participating restaurant.
  • Fuel surcharge waiver.
  • Easy redemption of payback points.

Joining Fee – Rs.500

Annual Fee – Rs.500

Interest rate – 3.40% per month

#3 Best Credit Card for Business  

SBI Corporate Platinum Card

SBI Corporate Platinum Card is privilege credit card for the business owners. From travel to spend management this card provides multiple benefits. Key features of SBI Corporate Platinum Card are given below.

  • Globally accepted credit card.
  • Analyze entire organization spending pattern using spend management tool.
  • Real time dashboard for expense management.
  • Multilayer spend control facility.
  • Fraud related insurance coverage of 2 Lakh.
  • Discount offer on the travel tickets.

Joining Fee – NIL

Annual Fee – NIL

Interest rate – 3.35% per month

MY Business Credit Card

MY Business Credit card from axis bank is one of the best credit card for managing your business expense. This card comes with exclusive business saving plan and multiple other benefits.

  • Business saving plan that provides discount and cashback on flight, ticket and holiday offers.
  • Complimentary access to airport lounges.
  • Cash withdrawal up to 30% of your credit limit.
  • 1% fuel surcharge waiver.
  • Convert major purchase to EMI.
  • Auto bill payment facility.

Joining Fee – Rs.999

Annual Fee – Rs.499

Interest rate – 3.25% per month

#4 Best Credit Card Travel Category 

Citibank PremierMiles Credit Card

Citibank PremierMiles Credit card is best air mile credit card for travel. It is a best card for travel user. You need to pay higher annual fees for using this card. Key features of Citibank PremierMiles Credit Card.

  • 10 Miles on every Rs.100 Spent on flight tickets.
  • Complimentary airport lounge access.
  • Air accident insurance coverage up to 1 Cr.
  • Up to 20% saving on various restaurants across India.
  • Redeem miles for any flight ticket.

Joining Fee – NIL

Annual Fee – Rs.3000

Interest rate – 3.5% per month

JetrPrivilege HDFC Bank World Credit Card

JetPrivilage HDFC Bank Signature Debit card is specially designed for frequent travelers. This card provide facility to accumulate JP Miles to redeem for free flights.

  • 5% discount on base fare for tickets booked on Jet Airways.
  • 6 JPMiles per Rs.150 on retail spend, 12 JPMiles per Rs.150 on flight booking with jetairways.
  • Complementary airport lounge access.
  • Additional baggage allowance.
  • Cash Advance and Easy EMI Facility.

Joining Fee – Rs.2500

Annual Fee – Rs.2500

Interest rate – 3.5% per month

#5 Best Credit Card Premium Users

SBI Elite Card

SBI Elite Card is best credit card for the premium segment users. SBI Elite Credit Card comes with multiple rewards and privileges. If you want high credit limit and premium benefits on products and services you should use this card.

  • You will get e-gift voucher worth Rs.5000.
  • Complementary movie ticket of Rs.6000 every year.
  • 5x rewards on dining, grocery & departmental store purchases.
  • Club Vistara Membership.
  • Lowest foreign currency markup charges.
  • Exclusive concierge service.
  • Fraud liability coverage.

Joining Fee – Rs.4999

Annual Fee – Rs.4999

Interest rate – 3.35% per month

HDFC Regalia Credit Card

HDFC Regalia Credit Card is luxury credit card for rich and premium customers. Priority customer services, rewards and travel benefits are major facilities that you can avail from this card.

  • 4 Reward points on every Rs.150 spend.
  • Lowest Foreign currency markup fee of 2% on international transactions.
  • Travel Concierge Services.
  • Free accidental death insurance & credit liability coverage.
  • Earn extra reward spend on crossing annual spend limit.
  • Airport Lounge access.
  • Fuel surcharge waiver

Joining Fee – Rs.2500

Annual Fee – Rs.2500

Interest rate – 3.49% per month

Best Credit Card For 2021-22 – Top Credit Card Picks

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Tags:best credit card 2020 best credit cards 2020 credit card 2020 top 10 credit card 2020 top credit cards 2020

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

One Response

  1. Shreyas

    Surprise that Amazon ICICI and Ola SBI card are not here

    December 12, 2019

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