A credit card isn’t just a piece of plastic. A credit card can make your life much easier by enabling you to pay cashless with a single tap of your card. They also offer some other benefits like interest-free capital for a limited time period, rewards, and coupons, with some cool, interesting benefits like free airport lounge access and free air miles. Credit cards offer various benefits from lifestyle, travel, and online shopping to travel and fuel benefits.
Different Types of Credit Cards and Their Benefits:
1. Travel Credit Cards:
Travel credit cards are designed for frequent travelers; they provide benefits like air miles, free lounge access, travel insurance, and others. These benefits add up if you use them for an extended period. The best travel credit cards also come with some exclusive benefits like priority check-in and free upgrades, depending on the card’s tier.
Air Miles:
Credit cards offer you Air miles when you use them for an extended period. Air miles can be used by using your credit card, which can enable you to get discounted air tickets, free hotel bookings, and sometimes even free tickets. To maximize these travel benefits, choose the credit card that aligns with your travel preferences.
Lounge Access:
Complimentary Lounge Access is provided by many premium card providers to increase the comfort and convenience of users. HDFC Diners Club Privilege Credit Card offers two complimentary lounge accesses every quarter.
Best Credit Cards for Airport Lounge Access.
- YES FIRST Preferred Credit Card
- SBI Elite Credit Card
- HDFC Diners Club Privilege Credit Card
- Axis Bank Select Credit Card
- SBI Prime Credit Card
Travel Insurance:
Many premium and travel-focused credit cards offer you the benefit of travel insurance. They cover many expenses, from trip cancellations and lost luggage to medical emergencies abroad.
Here you can see the list of best credit cards in India for travel-
- Club Vistara IDFC FIRST Credit Card
- Axis Atlas Credit Card
- Axis Bank Vistara Signature
- Air India SBI Signature
- Intermiles HDFC Signature
- Kotak IndiGo XL Credit Card
2. Fuel Credit Cards
These credit cards are ideal for those people who frequently use refueling services. Fuel Credit Cards offer you benefits like cashback and waive fuel surcharges. Along with these benefits, you also get some benefits like entertainment, dining, a welcome bonus, and so on. Some banks have also launched credit cards with tie-up-specific fuel services. For example: BPCL SBI Card Octane, IndianOil HDFC Credit Card, IndianOil Kotak Credit Card, HDFC Bharat Cashback Credit Card, and many more.
Popular Fuel Credit Cards:
- BPCL SBI Card Octane
- IndianOil HDFC Credit Card
- ICICI HPCL Coral Credit Card
- HPCL IDFC FIRST Power+ Credit Card
- IndianOil Kotak Credit Card
- ICICI HPCL Super Saver Credit Card
3. Entry-level Credit Cards:
These credit cards can be your gateway into your credit card journey. Entry-level credit cards help new users start their credit card journey and build their credit score. They also offer you some exciting benefits like a welcome bonus, cashback points, domestic lounge visits, and many more.
Popular Entry-level Credit Cards
- Axis Ace Credit Card
- SBI SimplyCLICK Credit Card
- Flipkart Axis Bank Credit Card
- HSBC Cashback Credit Card
- Cashback SBI Credit Card
- Amazon Pay ICICI Credit Card
- HDFC MoneyBack Credit Card
- YES Prosperity Rewards Plus
Also Read: 10 Best Credit Cards for Beginners
4. Co-branded Credit Cards:
Co-branded credit card is a unique category of credit cards in which a credit card provider partners with a specific brand and company. Both parties offer some exclusive benefits to users, which allows users to enjoy double benefits with a single card.
Popular co-branded credit cards:
- Amazon Pay ICICI Bank Credit Card
- Swiggy HDFC Bank Credit Card
- IRCTC SBI Platinum Credit Card
- Tata Neu Infinity HDFC Credit Card
5. Entertainment credit cards-
Do you love going to the movies or enjoying a nice meal out? Entertainment credit cards can help to save money on your favorite entertainment activities in the form of reward points and cashback.
You can choose the best entertainment card that suits your entertainment preferences and maximize your spending benefits.
Most Popular entertainment credit cards
- SBI ELITE Card
- SBI Card Prime
- Axis Bank Neo Credit Card
- Kotak PVR Gold Credit Card
6. Rewards credit cards:
Rewards credit cards allow you to earn points, miles, or cashback for every purchase you make. You can use these rewards for various purchases, services, and discounts. These rewards differ based on the value and the type of your transaction.
Here are some of the best rewards credit cards-
- SBI ELITE Card
- SBI Card Prime
- Axis Bank Neo Credit Card
- Axis Bank My Zone Credit Card
- Kotak PVR Gold Credit Card
7. Cashback credit card:
Cashback credit cards help you to save money on daily expenses. These are very simple to use, and their cashback is directly correlated to your shopping. You receive a percentage of your spending amount as a reward on your every purchase.
Some credit cards may also come with a monthly cashback cap. The cashback cap refers to the highest amount of cashback points you can earn in a specific period.
Most popular cashback credit cards:
- Cashback SBI Card
- Axis Bank ACE Credit Card
- Flipkart Axis Bank Credit Card
- Amazon Pay ICICI Credit Card
- HDFC Millennia Credit Card
- Airtel Axis Bank Credit Card
Also Read: Best Cashback Credit Cards in India
Conclusion:
To get the most out of your credit card, you need to choose the right credit card that suits your needs. For example, if you are a frequent shopper, then you can choose a cashback credit card; if you travel frequently, then you should go with the best travel card. On the other hand, if you are looking for cards related to entertainment or fuel savings, then you can go with those. Stay updated on new benefits and offers to make the best out of your credit card. You can always switch cards if you want to enjoy different benefits.
