Most Value Back Potential Reward Credit Card
Rewards credit cards provide rewards in cash back, points or miles forms. From there, you may choose between earning a flat rewards rate on all purchases and a greater rewards rate on purchases in specific categories.
What is a Reward Credit Card?
Credit cards, which provide us with rewards such as points or cash back when the credit card is used on a purchase, are known as reward credit cards. The main benefit of the card is that the individual or cardholder gets rewards that they can redeem for gift cards, travel, or merchandise. There are a large number of different reward credit cards offering various different rewards. In this article, we will talk about the reward credit cards that hold the most value-back potential.
List of Most Value-Back Reward Credit Cards:
SBI Card Prime: The SBI Prime Card is one of SBI’s premium credit cards. This card is geared toward individuals who have a high net worth and offers them several premium benefits. The annual fee for this card is Rs.2999.
Key features:
- 10 reward points per Rs.100 spent on things like movies, dining, groceries, etc.
- 20 reward points are given if Rs.100 is spent on a birthday.
- 1 reward point has a value of Rs.0.25.
- 2 reward points are given when Rs.100 is spent on a purchase like fuel.
- The annual fee will not be charged if spending on the card reaches Rs.3 lakhs and many more.
HDFC Regalia Gold Credit Card: The HDFC Regalia Gold Credit Card is a premium card that is given by the HDFC Bank to competent individuals. HDFC Regalia Gold Credit Card has an annual fee of Rs. 2500.
Key features:
- 4 reward points are given per Rs.150 spent.
- An exclusive gold catalogue is provided for reward redemption (here 1 point = Rs.0.65).
- A gift voucher is given to individuals as a joining fee payment.
- Airport lounge visits are complimentary; within India, 12 visits are free, and aboard, 6 visits are free.
- The annual fee is not charged if the individual spends Rs.4 lakhs or more in a year and many more.
Axis Bank SELECT Credit Card: The Axis Bank SELECT Credit Card is a premium credit card given by Axis Bank and is given to selected individuals who want premium privileges and benefits. The annual fee for this is Rs.3000.
Key features:
- 10 EDGE reward points are given for every Rs 200 spent.
- 20 EDGE reward points are given for every Rs 200 spent on retail shopping.
- 5000 EDGE reward points are given if Rs 3 lakhs or more is spent in a year.
- 10000 EDGE reward points, which are equivalent to Rs 2000, are given if the transaction is done within 30 days of the card issuance.
- The annual fee is not charged if the card spent is Rs 8 lakhs or more in a year.
American Express Cards: In India, you can hold an American Express Card if you are over 18 and have a good credit score with no default. The annual charge for this card is Rs.495.
Key features:
- Rs.500 cashback is given if Rs.10,000 is spent within 90 days of the card issuance.
- Rs.500 voucher is given if spending reaches 1.20 lakhs, 1.80 lakhs, and 2.40 lakhs, respectively.
- 10x membership points are issued if a card is used to pay in Zomato.
- The annual fee is waived if Rs.40000 or more is spent on the previous year of the membership.
IDFC FRIST Power + Credit Card: This is a premium card issued by IDFC Bank; the annual fee for this card is Rs.499.
Key features:
- 1 complimentary visit to a domestic airport lounge is free per quarter if a minimum of Rs.20,000 is spent monthly.
- A value of Rs.0.25 has 1 reward point.
- An annual fee is not charged if 1.5 lakhs are spent in a year.
- 3 reward points are given for every Rs.150 spent on UPI.
