Shopping using credit cards can give you multi-fold benefits like cashback, reward points, EMI option, free movie tickets, etc. Since most of our shopping is done using credit cards it makes sense to select the best credit card for shopping and cashback. If you are doing regular shopping using a credit card and willing to save more money here is a list of 5 best credit cards for shopping and cashback.
5 Best Credit Cards for Shopping and Cashback
SBI Simply Save card
SBI Simply Save card is one of the best credit cards for shopping offered by SBI bank.
- You get a maximum surcharge waiver of up to ₹100 per statement cycle, on your SimplySAVE Advantage SBI Card
- You can enjoy 10 Reward points per ₹150 spent on Dining, Movies, Grocery or Departmental store purchases. Earn 1 reward point for ₹100 spent on any other category.
- You can redeem reward points against outstanding credit card balances or against gifts.
- To avail fee reversal, you need to have spent ₹ 1,00,000 or more on your SimplySAVE Advantage SBI Card in the previous year
Also Read – Best Credit Cards in India – Review & Comparison
American Express Payback Credit Card
New American Express Payback Credit Card is the second number in the list of best credit cards for shopping and cashback.
- American Express Payback Credit Card offers 2 payback points on every ₹100 spent. These points are not given on utility bill payments, Insurance premium payments, and fuel payments.
- Gift vouchers worth ₹ 7,000 or ₹ 2,000 on spending Rs. 2.5 lacs or 1.25 Lac in a Cardmembership year.
- You will get Flipkart voucher worth ₹ 750 on taking 3 transactions within 60 days of Cardmembership
ICICI Bank Platinum Chip Credit Card
ICICI Bank Platinum Chip Credit card is available with multifold shopping benefits to end customers.
- ICICI Bank Platinum Chip Credit Card gives 2 Reward Points on every ₹ 100 spent for all retail purchases except fuel. You can redeem these points and avail attractive gift offers.
- 1% Fuel Surcharge Waiver on Fuel Transaction up to ₹4000.
- ICICI Bank Platinum Chip card comes with an additional security microchip. This prevents you from fraud and duplication of cards.
Also Read – 5 Best Premium Credit Card in India
HDFC Moneyback Credit Card
HDFC Moneyback Credit Card offers the following benefits to the customer.
- HDFC Moneyback credit card gives you 2 reward points for every ₹150 spent. You can get cashback against these reward points.
- Online shopping will be more rewarding by using HDFC Moneyback Credit Card. You will get 2X Reward Points more reward points on every ₹150 spent on online purchases.
- 1% Fuel Surcharge waiver on fuel transactions (Minimum transaction of ₹400, Maximum transaction of ₹5,000
- 500 Cash Points (applicable only on payment of membership fee)
Citibank Reward Domestic Credit Card
Citibank Reward Domestic Credit card is one of the best credit cards for shopping and cashback. This card gives the following benefits to customers.
- Citibank Reward Domestic Credit card offers 10 reward points for every ₹125 spent.
- You can get a discount of 15% on selected restaurants.
- Citibank Reward Domestic Credit card offers multiple offers including EMI payment at various places.
A credit card can be a great tool if used wisely. On the other hand, unwise usage leads to a huge financial burden. If you decide to use a credit card, remember a few tips given below for credit card usage.
Credit Card Usage Tips
- Keep track of all your purchases. If possible, maintain all receipts of purchase.
- Don’t get carried away by doing impulsive shopping.
- Use the credit card for needs not wants.
- Pay off your bill every month.
- Never miss a credit card bill payment.
- Use credit cards as a budgeting tool.
- Take maximum benefit of rewards and cashback.
- Use credit cards to improve your credit score.
- If possible set up Auto Debit Facility
- Don’t share your credit card information with anyone.
Remember the credit card market is highly competitive. Keep your eyes open and take credit card which offers maximum benefits to you.
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