Best Forex Credit Cards | Best Credit Card In India 2024

 

Friends, in this concept, we will discuss about the best credit cards. In this concept, we will discuss about 6 credit cards in total which means that all of these 6 credit cards are the best ones on today's date. If someone were to ask me today to recommend the six best credit cards issued by banks in India, this concept will focus solely on those six cards. At the beginning, I would like to request you to watch this concept till the end. Among these six credit cards, one card might be the best for someone, while another card might be the best for someone else. Additionally, I will be comparing these six credit cards. After discussing the first and second cards, I will highlight how they differ from the others. That means we will keep comparing all of these 6 cards every time. So that, you can clearly understand that which credit card is the best one for you. We won't discuss all six credit cards in great depth. Otherwise, as I've noticed before, the concept ends up being around 40 minutes long. I will share only the main features with you, so that, everything becomes clear to you. By the way, I have already made different concepts on all of these credit cards. I will share the links to all of those concepts in the description. I have already made 6 different concepts on these 6 credit cards. This is kind of a comparison concept, so that, you can understand that which credit card is the best one for you. So, let's start with the first one. The first one which comes in the list of these 6 credit cards is the Amazon credit card of ICICI Bank. Let's suppose, a customer has this Amazon credit card from ICICI Bank. It says that if the customer spends money on Amazon using this credit card, then he will get a cashback of 5%. No matter, if he purchases products worth Rs. 1 Lakh or Rs. 1 crore, it doesn't matter. If he purchases products worth Rs. 1 Lakh, then he will get a cashback of Rs. 5000. If he purchases products worth Rs. 1 crore, then he will get a cashback of Rs. 5 Lakhs. It means that there is no upper limit to getting this cashback. But the condition is that you will get a cashback of 5% only when you are a Prime member of Amazon. Now, what is this Amazon Prime? As you may have seen, Amazon Prime is an OTT platform where you can watch concepts. In the same way, if you are a Prime member of Amazon and you order a product, then it gets delivered very fast. If you are not a Prime member of Amazon, then if you place an order of any product on Amazon, then it might take 3-4 days or 2 days but if you are a Prime member of Amazon, then that product gets delivered to your home within 1 day. So, there are many facilities available. This Prime membership costs Rs. 1499 annually. Now, if someone is not a Prime member of Amazon and does not want to purchase the Amazon Prime membership for Rs. 1499 annually, then, if that customer purchases any product on Amazon using this credit card, they will receive a cashback of 3% instead of 5%. This is the only difference. Okay? So, the main thing is that if I talk about its joining fees, then also, it is Rs. 0 and if I talk about its annual fees, then it is also Rs. 0. If he doesn't want to become a Prime member and doesn't want to pay a single penny from his pocket, then if he purchases any product on Amazon, then he will get a cashback of 3%. If he purchases the Prime membership of Amazon, then in that case, he will get a cashback of 5%. Except that, there is another thing called Amazon Pay. It is just like Google Pay and all that you can scan any QR code, you can purchase gift cards, there are flights, hotels and other different things. It says that if you spend money on Amazon Pay using this credit card, then in that case, you will get a cashback of 2%. But there is a thing that if you make a flight or hotel booking on Amazon pay using this credit card only, then in that case, you won't get a cashback of 2% but of 5%. For the rest, it says that if you spend on any other platform, then you will get a cashback of 1%. If you opt for EMI on a product or make a one-time payment followed by EMI, you won't be eligible for any cashback. So overall, these are the features of this Amazon credit card. Now, let's compare this to another one. The second one is the Flipkart credit card of Axis Bank. As ICICI Bank has a tie-up with Amazon, Axis Bank has a tie-up with Flipkart. In this case, if a customer spends money on Flipkart using this credit card, then in that case, he will get a cashback of 5%. In this case, as well, there is no upper limit of the cashback. If he purchases a product worth Rs. 1 Lakh, then he will get a cashback of Rs. 5000. If he purchases a product worth Rs. 1 crore, then he will get a cashback of Rs. 5 Lakhs. But this credit card has a better feature as compared to Amazon which is that along with offering a cashback of 5% on Flipkart, it says that it has other partner brands like ClearTrip, cult.fit, PVR, Swiggy, earlier Tata Play was also there but it is not there any more and Uber which means that there are 5 brands. If a customer spends money on these 5 brands, then in that case, he will get a cashback of 4% which means that in the case of the Amazon credit card of ICICI Bank, there was a tie-up between Amazon and ICICI Bank only. and there was no special cashback on any other brand. In this case, there are 5 other brands as well. Along with getting a cashback of 5% on Flipkart, you can get a cashback of 4% on these 5 brands as well. Besides that, if you spend on any other platform, then earlier, you used to get a cashback of 1.5%, but now, because of the devaluation in Axis Bank, they have reduced it to 1% if you spend on any other platform except these. Here, I have attached a screenshot of devaluation as well. Another downside is that if you book a flight or hotel, or purchase any health-related product on Flipkart, you won't get any cashback, let alone the 5%. But in the case of the Amazon one, on any flight or hotel booking, you were getting a cashback of 5%. Now, there are a few exceptions where you won't earn cashback, such as fuel purchases or EMI payments. Here's a screenshot listing all these instances. If I go much deeper into it, then the concept will become long. I have attached the MCC code as well. You can take this screenshot. You won't get any cashback on these. With this credit card, you'll receive a welcome benefit: a Rs. 500 Flipkart voucher and a Rs. 100 Swiggy voucher upon card activation. Okay? Let's proceed further. You will get 4 accesses to airport lounges in a year. Earlier, you used to get these 4 accesses for sure but now, they have issued a condition that in the first quarter which includes January, February and March, if you spend Rs. 50000, then in the next quarter which includes April, May and June, you will get complimentary access to the lounge. But suppose, if you have spent Rs. 49000 using your credit card in the last quarter, then in the next quarter, you are not going to get that one access to the lounge. All of these things have been added when the devaluation happened. But before that, everyone used to get it. Let's proceed further. This was the eligibility criteria. The joining fees and the annual fees for this one are Rs. Rs 500 each. It can be waived off if you spend Rs. 3.5 lakhs annually. So, we have compared the Amazon credit card of ICICI Bank on one side and the Flipkart Credit card of Axis Bank on the other side. Now after that, the extract we get from these two which is that ICICI Bank was saying that you will get the cashback on Amazon and the Flipkart Credit card of Axis Bank was saying that you will get the cashback on Flipkart and another thing was that it was offering a cashback of 4% on 4-5 other brands. This is the main thing. The extract we have got from these two is the Cashback Credit Card of SBI. It says that you will get cashback on Amazon and Flipkart both. It says that forget about all of these if you spend on any online platform, no matter, if it is Amazon, Flipkart, Myntra, Swiggy or Zomato or you can even spend on any website, it doesn't matter. It will offer you a cashback of 5% on each of the online transactions. I mean that it has left both of these behind. However, these two credit cards are very good on their own. These are still in high demand. Sometimes, what happens is that if someone doesn't get the Cashback credit card of SBI, then he might get one of these two. These two are very good credit cards. If someone is eligible for all three credit cards, I would suggest they go for the SBI Cashback Credit Card. For the rest, you don't worry. I will provide the links of all of those 6 credit cards in the description which I will discuss in this concept. You won't face any problems. You can apply for any of these credit cards according to your choice. However, among the credit cards I am going to discuss, there are no better options We will discuss in detail how each card compares to the others. The first thing about this Cashback credit card is that you will get a cashback of 5% but it has a condition that monthly, you can get a cashback of up to Rs. 5000 only. This is not a worthless condition. There's no problem. If you spend Rs 1 lakh in a month, you will earn a cashback of Rs 5000 at 5%. However, if your expenditure exceeds Rs 1 lakh and you know it will be spent on Amazon, I suggest considering the Amazon credit card from ICICI Bank, as it has no upper limit. If you anticipate spending more than Rs. 1 lakh in a month, particularly on Flipkart, consider the Flipkart credit card from Axis Bank. If you think that where you are going to spend Rs. 1 Lakh in a month and that is also by using a credit card, then blindly, you can take this Cashback credit card of SBI. I have attached this screenshot. These are some of the things on which you won't get any cashback and another screenshot is attached here. on rent payments, fuel, wallet, and merchant EMI there will be no cashback. When it comes to fees, the ICICI Bank Amazon card has no fee. However, to avail of the 5% cashback benefit with this card, you need to invest 1499 rupees. Axis Flipkart card's fee was 500 rupees, and the SBI Cashback card cost 999 rupees. So, you must compare that too. This can be waived off if you spend 2 lacs in a year. Otherwise, you've to pay 999 rupees as it's joining and annual fees. But I'll say that SBI's Cashback credit card is the best so far if your annual expense online is less than 1 lac a year. So, the three credit cards we discussed, were best for spending online. The next credit card that we'll discuss is best if you want to save on fuel. I'd like to make a request. Creating these PPTs involves a lot of hard work and in-depth research. By now, I've covered so many credit cards that I can pick, choose, and compare them blindfolded when necessary. However, it still requires a significant effort. If you feel that this content adds value to your knowledge and you're enjoying the concept, please consider liking this concept, subscribing to the channel, and leaving a positive comment. You can just comment 'this is the best concept on the best credit cards'. That's all you have to comment and it'll be enough to motivate me to keep up the work. That's my request; it won't cost you a penny, but it will motivate me greatly. Let's move on. The best card for fuel is SBI's BPCL credit card. Its fee is 1499 rupees. No need to worry – this is the joining fee, but it says here that you'll get 6000 reward points as a welcome benefit. Suppose I get the credit card, and upon activating it, I receive 6000 reward points. Since 4 reward points equal 1 rupee, the 6000 reward points amount to 1500 rupees. This way, my joining fee gets waived off. I still have to pay 1499 as the annual fee every year, but its features are truly great. The first feature is the fuel waiver at Bharat Petroleum How much would that be? While the website mentions a 7.25% cashback, it's not exactly 7.25% because of the 1% fuel surcharge waiver. That's nothing significant For example, if you buy fuel worth 100 rupees and pay with a credit card, you're usually charged 101 rupees. With the 1% waiver, you'll be charged 100 rupees for fuel worth 100 rupees. This surcharge waiver is standard across credit cards. Therefore, we should consider it as a 6.25% cashback, meaning on fuel worth 100 rupees, we'll get 6 rupees and 25 paise as cashback. The condition is that you can receive a maximum of 625 rupees as cashback per month That means when you purchase fuel with 10k in a month, it's 6.25% would be 625 rupees. Now, if your expense on fuel is more than 10k a month, then I'd say that there's no other credit card that's better than this one in that case, you can get another card for your family No other credit card currently offers as much cashback and fuel savings. So, if your monthly expenditure on fuel is 20k, then you can make another SBI BPCL credit card for your family member. No other card will give this much benefit in fuel. So, that's that. Apart from that, you've to download their app – Bharat Gas app, from which you can order lubricants, gas cylinders etc. So, you can switch your gas connection to Bharat gas. Here, you'll also get 6.25% cashback. But you can get a maximum of Rs 125 as cashback per month. So, we can easily save 125 rupees a month here as well. Apart from that, on dining, departmental stores, movies and groceries, you'll get flat 2.5% cashback, and you can get up to 1875 rupees cashback per month. 1875 rupees as cashback is quite a lot, and this is only 2.5% of total expenses, which would be around 70k-75k. On any expenses other than these, you'll get a cashback of 0.25%. Now, you'll also get access to the airport lounge once per quarter another additional feature of it. Then it also says that if you spend 3 lacs a year, then you can choose a coupon from Aditya Birla, Yatra, or Bata worth 2000 rupees, and you can redeem it easily. You can ignore these liabilities – they're not that important. So, to sum up, you've to 1499 for it, and speaking of advantages, we'll get 1500 rupees as a welcome benefit, which waived off the fee; we can save 625 rupees on fuel each month; the fuel surcharge waiver is given by all; we can save 125 rupees using the app; and 1875 rupees can be saved per month on departmental stores, dining, movies, and groceries. Now, grocery is a basic need for all, so we can easily save a lot from here. So, it's a great credit card, which not only saves on fuel, but also gives great cashback on other things. The next credit card that we will discuss is best if you want a RuPay card. Suppose, you don't want a Visa or Mastercard, rather looking for the best RuPay card, then there are two types here. One is the Tata NEU Plus credit card, and the other is the Tata NEU Infinity credit card. Both of these have a tie-up with the HDFC Bank. The fee for the first one is 499 and the other costs 1499. Let me tell you all about it. There is this app called Tata Neu – I will spell it out for you – N-E-U. You will have to download it from the Play Store. You will have to install this Tata Neu app on your phone. you will find all items ranging from groceries, undergarments, clothing, electronics basically, everything that you get on Amazon and Flipkart 90% of all such items will be available here. You will get all the TATA products here – like Tanishq, which is a Tata brand; You'll also get groceries and everything else you need, like t-shirts, blazers, and other garments, or electronics like refrigerators, AC, and everything, from here. So, this app is kind of a rival app of Flipkart or Amazon. Suppose you don't have a card, but you make a purchase through the app. In this scenario, you'll receive a 5% cashback. For instance, if you buy a product worth 100 rupees, you'll get a cashback of 5 rupees. But if you have HDFC bank's Tata NEU Plus credit card, then while you were already getting 5% cashback from the Tata Neu app, but if you pay with this credit card, then you'll get an additional 2% cashback, which means, you'll get a total of 7% cashback by using the credit card. If you get the Infinity one, which costs 1499, instead of 499 If you're choosing between the two, I'd suggest getting the Infinity card. While you get 5% cashback normally, with this credit card, you'll get an extra 5% cashback. So, if you buy something worth 100 rupees you get a cashback of 10 rupees. So, you'll get a total cashback of 10%. It's a great RuPay credit card. So, those were the overall features, and here's a list of all the TATA brands available there. The best part is, being a RuPay credit card, if you opt for the Rs. 499 variant and make any UPI transaction, you'll receive a 1% cashback on that transaction. You will get a 1.5% cashback if you do a UPI transaction from the other card. It's a great credit card which also gives you airport lounge access. You get four times on the Neu Plus card and 8 times on the Neu Infinity card, along with 4 international lounge access as well. So, you get four domestic on this card and eight domestic on this one, along with 4 international as well. So, these are the features of these cards. The next credit card is from Axis Bank. This is also a great card. This is called the Airtel Axis Bank credit card. This is giving you a 25% cashback. What you have to do is download the Airtel Thanks app. If you use this credit card on Airtel Thanks app well, the fee for this card is 500 rupees only. So, you install this Airtel Thanks app. If you use this app for mobile recharge, broadband or wi-fi recharge, or DTH recharge, you will get a flat 25% cashback on that. Well, if I want to get this card and I don't have an Airtel SIM, then I'll port my number to Airtel. Whether it's Vodafone, Airtel or Jio it's almost the same but what matters here is that if I do a recharge, I get a 25% cashback even if it's Wi-Fi or anything else. But here the limitation is that, every month, I can only get a cashback of up to 250 rupees. So, they're giving 25% cashback, but only up to 250 rupees. This implies that you will receive the maximum cashback benefits by spending Rs 1000 per month. Secondly, If you make any utility bill payments through the Airtel thanks app like electricity, water or gas bills you get a 10% cashback. That's great, but again the monthly limit for cashback is 250 rupees. And you can spend a maximum of 2500 rupees in order to get a cashback of 250 rupees. Thirdly, you get a 10% cashback on orders from Swiggy, Zomato, or Big Basket. This is great too. Considering that it has a joining fee of only Rs 500, I have not seen so many features on any other credit card. Again, a limitation is that all these discounts put together you can get a maximum of 500 rupees cashback every month. So, to avail the maximum benefit, the maximum you can spend in the month is 5000. Apart from that, if you spend anywhere else, you'll get a 1% cashback. Now, its joining fee is 500 rupees. So, as the welcome benefit after receiving the card, if you make a transaction within the first 30 days you will get a gift voucher of 500 rupees from Amazon. So you can use this on Amazon easily, and your joining fee is in a way redeemed right away. So, these are all the basic stuff – fees and all. So, the joining fee is 500; no annual fee is applicable in the first year; after that, you've to pay Rs 500 annually. So, these were all the features. I will share the links to all the credit cards in the description box below. My only request is, if you found this concept informative, please like, subscribe, and leave a positive comment. Even a simple comment like 'this is the best concept on the best credit cards' would motivate me to create more content. So, for now, this is the end of the concept. Thanks for listening and thank you all.