Explore the best travel credit cards in India, which offer air miles, lounge access, and rewards. Compare top picks for frequent flyers and global travelers. When considering a credit card, it’s crucial to compare the options available based on key factors to ensure you select the one that best suits your needs. While many cards offer similar interest rates and a standard 45-day interest-free period, the fundamental differences lie in the additional benefits and features each card offers. By comparing these aspects, you can make a more informed decision. Discover the best credit cards for young professionals in India. Here are 8 important parameters to consider before choosing the credit cards in India:
Reward Points
Almost every credit card has a reward points system. These points are typically earned on every purchase and can be redeemed for benefits like cashback, flight tickets, or hotel stays. The value and earning rate of reward points vary between cards, so comparing the reward structure is essential.
For example, the ICICI Bank Coral Credit Card offers 2 reward points for every ₹100 spent, excluding fuel. Additionally, it provides 1 point for every ₹100 spent on utilities and insurance, which can be a good option for people who make regular payments in these categories. Look for cards that align with your spending habits to maximize your rewards.
Airport Lounge Access
Frequent flyers often benefit from credit cards that offer access to domestic and international airport lounges. Depending on the card, you may receive limited or unlimited access, with more premium cards typically offering more extensive lounge privileges.
For example, the Paytm SBI Card Select offers four domestic lounges per year, one per quarter, while the Axis Bank Magnus Credit Card offers unlimited lounge access globally. If you travel often, consider a card with greater access to lounges to make your airport experience more comfortable.
Dining Discounts
If dining out regularly is a part of your lifestyle, some credit cards offer discounts at various restaurants and food delivery services. This can benefit you significantly if you enjoy eating out or ordering food online.
For instance, the Axis Bank Rewards Credit Card provides a 30% discount on Swiggy, which is great for food lovers. Using a credit card offering dining discounts allows you to save on food expenses while enjoying your meals.
Online Shopping Discounts
Online shopping is increasingly popular in today’s digital age. Many credit cards offer exclusive discounts on e-commerce platforms, travel bookings, and grocery shopping. These discounts can range from cashback offers to reduced prices on select items.
Look for cards that provide discounts on the categories you shop for most. Whether you shop at Amazon, Flipkart, or grocery stores, choosing the right card can help you save money on your regular purchases.
Complimentary Movie Tickets
Some credit cards offer free or discounted movie tickets for movie buffs. This could include a buy-one-get-one-free offer or a percentage discount on ticket prices. For example, the ICICI Bank Coral Credit Card offers a 25% discount on movie tickets on platforms like BookMyShow and Inox up to two times monthly.
This can be a great perk if you frequently go to the movies. Check the terms and conditions of these offers, including the number of tickets available and the maximum discount per transaction.
Free Passes to Events
Many premium credit cards also provide access to exclusive events like concerts, sports events, or musical nights. Some cards even offer free passes to these events as part of their benefits package.
If you enjoy attending live events, choosing a card that offers free or discounted tickets can add significant value to your overall experience. This is especially useful for those who love exploring new events and entertainment options.
Annual Fees
One key factor to remember is the annual fee associated with a credit card. While low fees are always attractive, evaluating the overall benefits you receive is essential. Sometimes, paying a higher annual fee could be worth it if the card offers substantial rewards, discounts, and other valuable perks.
For example, if a card offers substantial reward points or exclusive lounge access, the higher annual fee could easily be justified by the benefits you’ll earn. Consider your spending patterns and the most important perks when evaluating the cost-benefit balance.
Air Miles
Air miles are another attractive benefit for frequent flyers. Many credit cards allow you to earn air miles, which can be redeemed for free flights or upgrades. Over time, these miles can accumulate, allowing you to book flights without spending cash.
Some cards, like the Axis Bank Vistara Credit Card, even offer complimentary economy-class tickets as a welcome benefit and allow you to earn additional air miles, which can be used to book flights. If you travel often, choosing a credit card with strong air miles rewards can help you save on travel expenses.
Conclusion
When choosing a credit card, it is essential to evaluate the benefits beyond just the interest rate and the interest-free period. Reward points, airport lounge access, dining and shopping discounts, and air miles are some factors that can significantly affect your decision. By comparing these parameters and aligning them with your lifestyle and spending habits, you can find a credit card that offers the best value for you. Always consider both the annual fee and the rewards you’ll gain to ensure you make a cost-effective choice.