In 2024, the credit card market is anticipated to introduce a wave of options designed to cater to diverse lifestyles and spending preferences. From enhanced rewards programs to exclusive perks, the upcoming year holds the promise of a dynamic selection of credit cards that aim to redefine the way individuals manage their finances.
Here’s a list of the best credit cards to look forward to in 2024, as financial institutions continue to push boundaries in providing value and convenience to cardholders.
Axis Bank Ace Credit Card
The Axis Bank Ace Credit Card is a compelling choice, offering substantial benefits for everyday transactions. Notably, it provides a flexible 5% cash back on bill payments through Google Pay without any upper or lower limits, coupled with the excitement of scratch cards for additional cash rewards. For users frequently engaging with Ola, Zomato, and Swiggy, the card offers an appealing 4% cash back, and a versatile 2% cash back is extended to all other transactions.
Niyo Global International Travel Card
Ideal for international travelers, this card ensures cost-effective foreign transactions with zero forex markup fees. Loaded in INR, it operates seamlessly in over 150 countries with automatic currency conversion. Swift digital onboarding via the Niyo Global App, a zero balance savings account option, and competitive interest rates up to 6.5% enhance user flexibility. Security features like card locking, real-time tracking, and an in-app currency converter provide added assurance.
Complimentary airport lounge access, contactless payments, and 0% commission on mutual fund investments make it a comprehensive financial solution for global travelers.
Dhanlaxmi Bank Platinum Credit Card
The Dhanlaxmi Bank Platinum Credit Card offers a streamlined yet comprehensive set of features to enhance the cardholder’s financial experience. With a generous 5% cash back on supermarket and departmental store purchases, the card rewards everyday spending. It further prioritizes cardholders’ financial security through coverages such as credit shield (up to INR 1 lakh), purchase protection (up to INR 1 lakh), and air accident insurance (up to INR 20 lakh).
Additionally, the card ensures global customer assistance, reflecting its commitment to providing support beyond geographical boundaries. Overall, the Dhanlaxmi Bank Platinum Credit Card combines rewards and protective measures for a well-rounded financial solution.
Flipkart Axis Bank Credit Card
Flipkart Axis Bank Credit Card offers a compelling package with an annual fee of INR 500 plus taxes, waived upon spending INR 200,000 annually. Welcoming users with INR 500 worth Flipkart vouchers and discounted Gaana Plus, the card extends benefits like 20% off on The Phy Life and Plum Goodness, as well as 15% cashback on the first Myntra transaction.
Cashback incentives include 5% on Flipkart 2GUD and Myntra, 4% on preferred merchants, and 1.5% on other categories. It offers four lounge visits, fuel surcharge waivers, and a 20% dining discount at partner restaurants. This card seamlessly combines welcome perks, cashback rewards, and lifestyle benefits for an enriching experience.
RBL Bank Credit Card
RBL Bank Credit Card, with an annual fee of INR 500, offers a plethora of rewards and benefits. Enjoy a welcome gift of 2,000 reward points upon issuance, with the requirement of making a purchase within 30 days. Earn 1 reward point for every INR 100 spent on all purchases (excluding fuel) and receive an impressive 20 reward points for every INR 100 spent on grocery shopping, capped at 1,000 points monthly. Movie enthusiasts benefit from a 10% discount (up to INR 100) on movie tickets at BookMyShow, available 15 times a year.
Additionally, the card provides 10 reward points for every INR 100 spent on fuel, with a maximum of 1,000 reward points monthly, coupled with a fuel surcharge waiver for transactions between INR 500 and INR 4,000, capped at INR 100 per month. This credit card seamlessly combines affordability with a diverse range of rewards and benefits across spending categories.
SBI SimplySAVE Credit Card
SBI SimplySAVE Credit Card offers a fee waiver for an annual spend of INR 1 lakh. New cardholders, making a qualifying spend of INR 2,000 or more in the first 60 days, receive 2,000 bonus reward points. With 10X reward points on dining, movies, departmental stores, and grocery spends, and 1 Reward Point per INR 100 on other transactions, the card ensures robust rewards. Redemption options include paying the outstanding balance or purchasing from SBI’s website, with 1 reward point valued at INR 0.25.
Additional features encompass a fuel surcharge waiver, add-on cards for family members, balance transfer on EMIs, and the convenience of obtaining a cheque during emergencies.
SimplyCLICK SBI Card
SimplyCLICK SBI Card offers an annual fee waiver on spending INR 1 lakh, with a welcome gift of an Amazon.in gift card worth INR 500. It provides 10X Reward Points on online spends with exclusive partners and 5X rewards on other online transactions. For general spends, users earn 1 reward point per INR 100, with each point equivalent to INR 25 paise. Conditions apply, such as the 10X Reward Points being applicable only for INR payments and exclusions for e-Wallet loading and utility bill payments.
The card extends an add-on facility for family members and features a 1% fuel surcharge waiver on transactions between INR 500 and INR 3,000. Extra points include an e-voucher of INR 2,000 on annual online spends of INR 1 lakh. Flexipay allows converting purchases of INR 2,500 or more into EMIs, while the Easy Money option provides drafts or cheques based on the credit limit in times of need, subject to an interest charge of 2.45% + 1.5% or INR 199, whichever is higher.
Scapia Credit Card
The Scapia Credit Card, a collaborative venture between Scapia Technology Pvt. Ltd. and Federal Bank, caters specifically to frequent travelers, ensuring a seamless travel experience with a range of benefits and reward programs. This new card boasts zero joining and annual fees, providing the added convenience of an instantly accessible virtual card. With every transaction, users earn 10% Scapia coins, equivalent to a 2% value back, as 5 Scapia points translate to 1 INR.
Furthermore, booking through the Scapia app brings an extra advantage, offering a generous 20% Scapia coins, resulting in a 4% value back. The card also features a 0% forex markup fee and, upon spending 5K in a month, provides unlimited access to domestic lounges.
