Top 5 Credit Cards for Daily Use

Last Updated on 1st February, 2023  • Utkarsh Gupta   • 8 Minute Read

A credit card is a financial tool that allows you to borrow money from a lender in order to make purchases or withdraw cash. Credit cards are issued by banks and other financial institutions, and they are typically used for everyday expenses such as gas, groceries, and clothing, as well as for larger purchases such as appliances, electronics, and travel.

When you use a credit card, you are borrowing money from the lender and agreeing to pay it back with interest. The lender will set a credit limit, which is the maximum amount of money you can borrow on the card. You will be required to make a minimum payment each month, which is a percentage of the balance you owe.

One of the main benefits of using a credit card is the convenience it offers. You can use a credit card to make purchases or withdraw cash anywhere that accepts the card, and you don't have to carry around large amounts of cash. Credit cards also offer protection against fraud, as you are not liable for unauthorized charges made on your card.

However, it's important to use credit cards responsibly. If you don't pay your balance in full each month, you will incur interest charges on the unpaid balance. If you carry a balance from month to month, the interest can add up quickly and increase the amount of money you owe. It's also important to pay your credit card bill on time, as late payments can result in fees and damage your credit score.

Overall, a credit card can be a useful financial tool if used responsibly, but it's important to understand the terms and conditions of the card and to manage your spending and payments carefully.

Credit Card Eligibility:

To be eligible for a credit card in India, you generally need to meet the following criteria:

Age: You must be at least 18 years old. Some credit card issuers may have a higher age requirement, such as 21 or 22 years old.

Citizenship: You must be an Indian citizen or a foreigner with a valid work permit or residence permit in India.

Credit score: You must have a good credit score, which is a measure of your creditworthiness based on your credit history. A good credit score is generally considered to be 750 or above on a scale of 300 to 900.

Income: You must have a stable income and meet the required income criteria set by the credit card issuer. This may vary depending on the type of credit card you are applying for and your personal financial situation.

Employment: You must be employed or self-employed and able to provide proof of employment and income. Some credit card issuers may require you to have a certain level of job stability and/or a minimum income level.

Documents: You will need to provide proof of identity, proof of address, and proof of income as part of the credit card application process.

If you meet these eligibility criteria and are able to provide the required documents, you may be able to qualify for a credit card in India. It's important to note that credit card issuers may have additional eligibility criteria that you need to meet, so it's always a good idea to check with the issuer before applying.

Top 5 Credit Cards for Daily Transactions:

  1. Bajaj Finserv Easy Emi Credit Card:

The Bajaj Finserv EMI Network card offers a range of features to make shopping convenient and satisfying. It comes with a pre-approved loan and allows you to pay in monthly installments (EMIs) at no extra cost and with no penalties for early repayment. The card also offers various repayment terms to suit the needs of different customers. 

Here are some benefits of the Bajaj Finserv EMI Network card that make it a smooth payment option:

  • The card allows for easy online and offline shopping at a wide range of stores, including online retailers such as Amazon and Flipkart, as well as 1.2 Lakh partner stores across 2,900+ cities.
  • Minimal documentation is required to validate purchases.
  • The card offers a pre-approved loan limit of ₹2 Lakhs.
  • Customers can choose a repayment tenor ranging from 3 to 24 months.
  • There are no foreclosure charges if the loan is paid off after the first EMI.
  • Some items may be available for purchase with no or low down payment.
  • The card can be easily accessed and managed through the Bajaj Markets app.
  • The Bajaj Finserv EMI Network card can be applied for online through a 100% digital application process.
  1. Kotak Bank PVR Gold Credit Card

Apply Now -  https://inr.deals/JUCf9R

The PVR Kotak Gold Credit Card is a credit card offered by Kotak Bank in partnership with PVR Cinemas. As a holder of this card, you can enjoy exclusive discounts and offers on movie tickets and concessions at PVR Cinemas, as well as earn rewards points for your purchases. Other benefits of the PVR Kotak Gold Credit Card may include dining discounts, fuel surcharge waivers, and access to airport lounges, among others. It is important to note that the specific features and benefits of the PVR Kotak Gold Credit Card may vary depending on the specific terms and conditions of the card.

Here are some benefits of the Kotak Bank PVR Gold Credit Card that make it a smooth payment option:

  • The card is geared towards movie lovers who frequent PVR Cinemas.
  • There is no joining fee required to apply for the card.
  • Cardholders can earn 1 PVR voucher code on their first swipe, as well as 1 complimentary PVR movie ticket if they spend at least Rs.10,000 in a month, or 2 complimentary tickets if they spend over Rs.15,000.
  1. Amazon Pay ICICI Credit Card

The Amazon Pay ICICI Credit Card is a credit card offered by ICICI Bank in partnership with Amazon. As a holder of this card, you can enjoy a range of benefits, including discounts on Amazon.in, cashback offers, and the ability to earn reward points for your purchases. Other benefits of the Amazon Pay ICICI Credit Card may include dining discounts, fuel surcharge waivers, and access to airport lounges, among others. It is important to note that the specific features and benefits of the Amazon Pay ICICI Credit Card may vary depending on the specific terms and conditions of the card.

Here are some benefits of the Amazon Pay ICICI Bank Credit Card that make it a smooth payment option:

  • No fees for joining or annual membership
  • Unlimited rewards that do not expire
  • The ability to use rewards to purchase a wide variety of items from Amazon and its partner merchants
  • 5% Cashback on purchases made on Amazon for Amazon Prime members
  • 3% Cashback on purchases made on Amazon for non-Prime members
  • 2% Cashback on purchases made with the card on Amazon Pay at participating merchant partners
  • 1% Cashback on all other payments made with the card
  1. Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card is an excellent cashback credit card option for those in India who frequently shop on Flipkart, Myntra, and other partner websites. It offers up to 5% cashback on these sites, as well as a competitive 1.5% flat cashback rate on all other purchases. It's worth noting that the Axis Bank Ace Card has a slightly higher flat cashback rate of 2%, but the Flipkart card still offers generous rewards for those who frequently shop on Flipkart and its partners. Overall, this co-branded credit card is an appealing choice for those who prioritize discounts and cashback from Flipkart and its affiliated merchants.

Here are some benefits of the Amazon Pay ICICI Bank Credit Card that make it a smooth payment option:

  • Flipkart Axis Bank Credit Card offers a welcome package worth Rs. 1,100 for new users, which includes a Flipkart voucher worth Rs. 500 and 15% cashback (up to Rs. 500) on the first transaction on Myntra. 
  • Additionally, new Swiggy customers can receive a 50% discount (up to Rs. 100) on their first transaction with the code "AXISFKNEW." This is a more generous welcome package compared to similar cards like the ICICI Amazon Pay Credit Card and Paytm SBI Card.
  •  In terms of cashback, Flipkart Axis Bank Credit Card offers 5% cashback on Flipkart and Myntra, 
  • 4% cashback on preferred merchants (such as Uber, Swiggy, and PVR), and 1.5% cashback on all other merchants.
  •  This flat cashback rate on Flipkart is competitive compared to other cards in the market. 
  • One notable feature of this card is that the cashback is credited directly to the credit card account rather than as a reward or balance that must be converted, as is the case with some other cards.
  1. SBI Cashback Credit Card

Apply Now - https://www.sbicard.com/invite/2bT4z3SuJyx
The SBI Cashback Credit Card is a rewards card offered by SBI Card. It provides cash back for every transaction made with the card. The card has no joining fee, but it does have an annual fee of Rs. 999. With this card, cardholders can earn up to 5% cash back on all online and offline purchases. In addition to cash back rewards, the card also offers other benefits such as complimentary access to domestic airport lounges for travelers. The annual fee for the SBI Cashback Credit Card may seem high, but it can be waived if cardholders spend at least Rs. 2 Lakh in a year. The card also offers a range of other features and benefits, including a wide acceptance network, flexible payment options, and 24/7 customer service. Overall, the SBI Cashback Credit Card is a good choice for consumers who want to earn rewards on their everyday spending and take advantage of additional benefits such as airport lounge access.

Here are some benefits of the Amazon Pay ICICI Bank Credit Card that make it a smooth payment option:

  • The card offers a rewards rate of 5% cash back on online transactions 
  • 1% cash back on offline transactions and utility bill payments
  • cash back rewards are automatically credited to the cardholder's next month's statement. 
  • card also offers travel benefits such as complimentary access to airport lounges, with 4 complimentary domestic lounge access per quarter.
  • There is no joining fee for the card, but there is an annual renewal fee of Rs. 999 that can be waived if the cardholder spends at least Rs. 2,00,000 in the previous year.
  • card has a foreign currency markup of 3.5% on international transactions and an interest rate of 3.5% per month (42% per year).
  • It also offers a fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000 at petrol pumps in India,
  • cash advance charge of 2.5% of the amount withdrawn or a minimum charge of Rs. 500. 
  • There is no fee for adding an additional cardholder.
What are the benefits of using a credit card for daily expenses?

Using a credit card for daily expenses can help you earn rewards, such as cash back or points, on your purchases. It can also provide additional protections, such as fraud protection and extended warranties, on your purchases. Using a credit card can also be more convenient than carrying cash or using a debit card, as it allows you to make purchases online or over the phone.

How do I choose a credit card that is good for daily use?

When choosing a credit card for daily use, consider your spending habits and look for a card that offers rewards that align with your spending. For example, if you spend a lot on groceries and gas, look for a card that offers cash back or points on those purchases. It's also a good idea to consider the card's fees, such as the annual fee and foreign transaction fees, and make sure they align with your needs.

Are there any credit cards with no annual fees in India?

Yes, there are credit cards available in India with no annual fees. These cards may still have other fees, such as foreign transaction fees or cash advance fees, so it's important to carefully review the terms and conditions before applying.

Can I use a credit card for small purchases in India?

Yes, you can use a credit card for small purchases in India. However, it's important to be aware of any minimum purchase requirements or fees that may apply to small transactions. Some credit cards may charge a fee for transactions below a certain amount, or they may not count towards earning rewards unless the purchase is above a certain threshold.

How can I manage my credit card expenses to avoid overspending?

To avoid overspending with a credit card, it's a good idea to create a budget and stick to it. Keep track of your spending and make sure to pay your credit card bill on time each month. It's also a good idea to set limits on your credit card spending, such as only using it for necessary expenses or setting a maximum amount you can charge each month.

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Utkarsh Gupta


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