Best Credit Cards 2023 Joining Fee, Benefits, Usage Limit

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Credit cards issued by top Indian banks such as Axis bank, HDFC bank, SBI Card, RBL Bank, and others cater to needs such as fuel, online shopping, dining, movies, groceries, and a combination of all of the above. Before applying for a card, you should compare the available options. Listed below are the best credit cards 2023 in India with their joining fees and best features to begin your comparison. 

Best Credit Cards 2023

At a time when inflation is eating away at your finances, it is imperative that you choose the right credit card. Moreover, you can avoid burning a bigger hole in your pocket by spending wisely.

With a credit card, you can not only spend smarter but also save more on travel expenses and everyday purchases. You may receive discounts on flight and hotel reservations, cash back on shopping online, and rewards points for fuel purchases. So look after the features that credit cards offers and make your own choice.

Credit cards

Joining fee

Axis Bank Ace Credit Card

INR 499

HDFC Freedom Credit Card

INR 500

Cashback SBI Card

NIL

Flipkart Axis Bank Credit Card

INR 500

RBL Bank Shoprite Credit Card

INR 999

CIBIL credit score

Axis Bank Ace Credit Card

Axis Bank Ace Credit Card offers high Cashback rates for a low annual fee, which makes it a good choice for beginners. Additionally, the card offers airport lounge access and dining discounts, along with up to 5% cash back on bill payments and online food delivery. There is no upper limit on cash back earned with this card which is one of the appealing feature.

Special features:

The joining fee will be refunded when you spend INR 10,000 within 45 days of your card being issued.

 Waive your annual fee if you spend at least Rs. 2 lakh per year.

During the course of the year, you will receive four complimentary visits to domestic lounges.

On transactions between INR 400 and INR 4,000, there is a 1% fuel surcharge waiver (maximum amount is Rs. 500 per month) at all fuel stations.

Take advantage of 20% off at over 4,000 restaurants.

Take advantage of EMIs on purchases above INR 2,500.


Best Credit CaRdHDFC Freedom Credit Card

A credit card like HDFC Freedom Credit Card is best suited to those seeking rewards without paying a high annual fee. It is the best credit card for first-time users. As one of HDFC Bank’s most popular credit cards, the HDFC Bank Freedom offers a variety of features and benefits.

Special features:

  • Receive a INR 1000 gift voucher when you spend INR 90000 per year.
  • If you spend INR 60,000 or more on your card over the course of the year, your membership fee for the following year will be waived.
  • Your fuel purchases ranging from Rs.400 to INR 5000 will be subject to a fuel surcharge of 1%, with a maximum of 250 fuel surcharges per statement cycle.
  • With your credit card, you can earn 5X reward points on movie tickets, grocery purchases, dining, taxis, and railway travel.

Cashback SBI Card

A relatively new player in the cashback credit card segment, the SBI Cashback Card has gained popularity with online shoppers quickly. There are no merchant restrictions associated with the card, making it possible to earn 5% cashback on online transactions. Unlike most shopping credit cards, this one offers benefits from a wide variety of merchants as well as spendcategories.

Special features:

  • A 5% cashback is available on all online purchases made with the SBI Card Cashback, with no restriction on what merchants can be used. 5% cashback will be offered on every transaction you make online.
  • Additionally, the card provides 4 complimentary domestic airport lounge visits a year, capped at a visit every quarter. 
  • You can avail 1% fuel surcharge waiver at all petrol pumps in India, when you spend Rs. 500 to Rs. 3,000 from all petrol pumps. There is a cap of Rs. 100 on the maximum surcharge waiver per billing cycle.

Flipkart Axis Bank Credit Card

Another entry-level credit card with a good cashback rate is the Flipkart Axis Bank Credit Card. Card members are eligible to receive benefits from top brands, such as Flipkart and Myntra, as well as preferred partners (Swiggy, Tata Sky, Uber, PVR, etc.). Although a co-branded card, the card works more like a cash back credit card.

Special features:

  • There is a very generous welcome package on the Flipkart Axis Bank Credit Card, amounting to Rs. 1,100 in total. In comparison to the joining fee of Rs. 500, this represents an excellent return on investment
  • Every year, you will receive 4 complimentary visits to domestic lounges 
  • A 1% fuel surcharge waiver is available for transactions worth up to Rs. 4,000 (with a maximum of Rs. 500 waived per month).
  • Discounts at 4,000+ restaurants at up to 20% 

RBL Bank Shoprite Credit Card

The Shoprite credit card from RBL Bank is an entry-level credit card. By using the RBL Bank ShopRite Credit Card, you can get rewards on all your purchases, as well as get value back on groceries. 

Special features:

  • For every Rs.100 spent on all purchases, you get one reward point.
  • Earn 20 reward points every time you spend Rs.100 on groceries
  • If you buy 15 movie tickets with BookMyShow during the year, you’ll receive a 10% discount (up to Rs.100).
  • You can earn up to 1,000 reward points per month.