It is 2024 and are you still confused and thinking that which credit card to use? So, don’t worry, you are in the right place.
After gathering a lot of information from bekifaayati youtube channel, (which is India’s number one finance community) in this article we elaborated this video from their channel in the form of this article and I hope you will gain lot of knowledge from here.
For better information you can also watch the video at last.
First, we will talk about lifetime credit cards under which two different types of credit cards for your better understanding I have divided them into two types one comes with zero joining and annual fees.
For example, we can take ICICI Amazon pay and IDFC select and another one is having annual fees and joining fees and zero fees in special charges but it is not for everyone special accounts are needed for this type of card such as salary account and wealth account where you get access to lifetime free credit card,
For example, we can take HDFC regalia first and IDFC wealth so I will suggest you best cards from both the categories.
Which is the best lifetime credit card with zero joining fees?
Ans: IDFC first select is the best lifetime credit card with zero joining and annual fees.
Why should you use IDFC first select credit card?
- Within the first 90 days if you spend 15000 then you will receive a voucher worth ₹500, which is like a free money
- You will get a buy 1 get 1 movie ticket on the Paytm application where you get a benefit upto ₹200 every month
- In a quarter you will get 4 domestic complimentary lounges and IRCTC lounges
- Free roadside assistance which is worth ₹1400
- Reward points of this card will never expire
- In normal spends, you get a reward rate of 0.6 to 2% which is decent for a normal credit card
Read More:
Pay HDFC Home Loan EMI through Credit Card
Which is the best lifetime credit card with annual fees and joining fees?
Ans: IDFC wealth credit card is the best credit card which is having a annual fees and joining fees.
What are the benifits of IDFC wealth credit card?
- You can get this card free of cost but for that one must have a monthly salary of ₹2.5+ LPA where fi you spend 15000 in the first 90 days then you will get a voucher worth 500
- You can buy one get 1 movie ticket on pay tm app
- You will get four free domestic and international lounge and SPA visits per month on spending rs 5000 or more
- 12 free golf sessions
- Discount on airport meet and greet service Concierge service
- You get free roadside assistance worth rs1400
- Air accident cover of 1 crore
It is a very premium card but you can also get this card for free if you have good relations with IDFC bank.
Which is the best credit card for online spends?
Ans: According to experts the SBI Cashback credit card is the best credit card for online spending.
Here are some pros ond cons of SBI Cashback credit card:
pros:
- In all online spending, you get almost 5% cashback and the maximum cap is Rs 5000 in a month
- The annual fee of this card is 999 + GST and can be waved off easily by spending rs 200000 a year
cons:
- Devalued Benefits: Certain benefits like rent, utilities, insurance payments, and complimentary domestic lounge access were removed in September 2023.
Overall:
- Despite the devaluation, the SBI cashback offers good benefits to the users, in online spending if you spend Rs 4000 to 5000 a month.
Best credit cards for travel?
Ans: There are two best recommendations from my side one is American Express Platinum Travel credit card and Axis Magnus.
American Express Platinum Travel credit card :
Here are the benefits of the American express platinum travel credit card:
- You have to pay an annual fee of Rs5000 + GST
- You must have a monthly salary of 50,000 – 60,000 per month
- If anyone refers you for this card then you will get a referral bonus where the first year’s annual fee will be waived and a 2,000 bonus point
- The redemption rate is 0.50 to 1, 0.50 if converted to cashback and 1 when you use it for Marriott or Taj Hotel vouchers
- You will get 8 complimentary lounge access but Delhi and Mumbai lounges are not included.
Axis Magnus :
Here are the benefits of Axis Magnus:
- You have to pay an annual fee of 12,000 + GST
- Your monthly salary must be 1 to 1.2 lakhs per month
- You will get unlimited domestic and lounge access plus 8 guest visits
- Discounted stays at Oberoi and Trident hotels
- Buy one get one offer on Book My Show which is up to 5 times a month
- You can choose a ₹12500 gift voucher from Postcard Hotels, Luxe, or Yatra
If you spend 1lakh to1.5lakh every month then you can avail much more benifits apart from the benifits discussed
Best overall credit card
Ans: HDFC regalia gold credit card is the best credit card overall
Why HDFC regalia gold credit card is the best credit card overall?
- The normal reward rate is 1.3%
- Boosted rate up to 13.2% when used through HDFC smart buy portal which means a return with high potential
- The annual fee is 2500 rs but it can be easily waived with rs 4 lakh spent in a year
- Complimentary membership of Club Vistara Silver
- Lounge access with 12 domestic and 6 international per year
- Potential to upgrade other HDFC cards like Diners and Infinia
Final words on Best Credit Cards 2024:
In this article, I discussed the best credit cards of 2024 such as IDFC First Select which does not charge any fees and gives nice benefits like movie tickets and lounges.
The IDFC Wealth needs a fee but gives great stuff like airport lounges and golf. SBI Cashback is good for buying things online.
For traveling, Amex Platinum gets you into lounges, while Axis Magnus helps with hotel discounts. HDFC Regalia Gold is just really good overall, with nice rewards and chances to upgrade.
Each card is good for different things, so pick the one that fits how you but if you find yourself eligible for any of the cards then don’t think twice just take it. For more information please visit Bankpediaa
