Unraveling the Top 10 Credit Cards Set to Dominate 2024

best credit cards in 2024

Navigating the ever-evolving realm of credit cards in India entails a complex quest for the ideal card, which presents many alternatives to accommodate various requirements. Whether you are a novice embarking on the credit journey or an experienced credit connoisseur, the market offers a variety of options. This comprehensive guide will examine the ten best credit cards in India for 2024, providing an in-depth analysis of the distinctive attributes and advantages of each card across multiple categories.

Benefits of Credit Cards

Rewards and Cashback: Earn points, cashback, or miles on every purchase, providing tangible benefits for regular spending.

Convenience: Enjoy the ease of transactions without carrying cash, especially for online and international purchases.

Build Credit History: Responsible credit card usage contributes to a positive credit history, which is essential for future loans and financial transactions.

Emergency Fund: As a financial safety net during emergencies when immediate funds are required.

Purchase Protection: Many credit cards offer insurance and protection against fraud, ensuring a secure shopping experience.

Travel Benefits: access to airport lounges, travel insurance, and discounts on flights and hotels, enhancing the travel experience.

Grace Period: Enjoy an interest-free purchase period if the balance is paid in full by the due date.

Online Shopping Security: Credit cards offer enhanced security features, reducing the risk of fraud during online transactions.

Entry Level Credit Cards: Your Gateway to Rewards

SBI Cashback Card

best credit cards in 2024

Best for: Upto 5% Cashback on Online spends

Notwithstanding recent modifications, the SBI Cashback Card continues to be an exceptional option for novice consumers. This card provides an alluring 5% rebate on online purchases, making it more than just a credit introduction; it also grants access to immediate rewards. The significant monthly limit of 5,000 INR makes it especially attractive for individuals with moderate to high monthly expenditures.

Amex MRCC (Membership Rewards Credit Card)

best credit cards in 2024

Best for: Gold Collection & Points Transfers

The American Express Membership Rewards Credit Card (MRCC) establishes a new standard for credit cards. Cardholders acquire entry to an exclusive realm through Gold Collection rewards, effortless point transfers, and 1000 MR incentive points. By affiliating with the Amex ecosystem, MRCC signifies more than a mere card; it enters the user into an exclusive domain of elevated privileges.

Premium Credit Cards: Elevating Lifestyle with Rewards

IDFC First Wealth Card

best credit cards in 2024

Best for: Spends >1L in a billing cycle & airport lounge access

Designed to cater to individuals desiring high-end advantages without the obligation of super-premium cards, the IDFC First Wealth Card exudes an aura of exclusivity. By emphasising non-travel rewards such as statement credits and providing airport lounge access, this card appeals to those who value refinement without significant financial investment.

Amex Gold Charge

best credit cards in 2024

Best for: Higher Credit Limit & Gold Collection rewards

The Amex Gold Charge Card provides an exceptional experience by delivering individuals seeking financial flexibility with increased credit limits. In addition to its practical advantages, the card introduces the unique Gold Collection rewards, which merge elements of luxury and functionality. This card serves as a declaration of intent for individuals seeking an unconventional credit experience.

HDFC Regalia Gold

best credit cards in 2024

Best for: Airport Lounge access & Milestone Benefits

The HDFC Regalia Gold Credit Card is a lifestyle statement and a financial instrument. In addition to conventional rewards, this card grants Priority Pass privileges and milestone bonuses to all family members. Regalia Gold is an esteemed option for individuals who regard each credit encounter as a chance to indulge in luxury.

Travel Credit Cards: Embark on Journeys with Exclusive Benefits

Amex Platinum Travel

Best for: Taj Vouchers & access to premium airport lounges

Regarding travel credit cards, the American Express Platinum Travel card is unequivocally the dominant contender. Notwithstanding alterations in redemption alternatives, the card continues to captivate with complimentary Taj Vouchers and entry privileges to high-end airport lounges. Not merely a credit card but a ticket to a realm where each expedition is a meticulously planned experience.

Axis Atlas

Best for: ITC & other airline transfers partners

An esteemed traveller who perceives every expedition as a compilation of unforgettable experiences will find the Axis Atlas Credit Card a valuable companion. Enhanced with improved reward rates, it offers accelerated rewards on hotels and airlines to accommodate high-spending customers. Atlas is an invitation to explore the world in pursuit of greater privileges and rewards; it is not merely a card.

Axis Vistara Infinite

Best for: Flying Vistara Business Class

An absolute necessity for Vistara aficionados, the Axis Vistara Infinite Credit Card harmoniously merges opulence with functional advantages. Its gold-tier benefits and complimentary business-class ticket, upon reaching 2.5L in expenditures, position it as an indispensable companion for affluent air travellers. This card provides access to an elevated experience, not merely a ticket.

HDFC Marriott Bonvoy Credit Card

Best for: Lucrative joining/renewal benefits

Although the ongoing reward rates may appear moderate, frequent travellers will find the HDFC Marriott Bonvoy Credit Card to be a prudent investment. Frequently, the extraordinary welcome and renewal benefits exceed the paid charge by a factor of two to three. This card is more than a financial instrument; it represents a strategic decision for individuals pursuing intrinsic worth.

SBI Air India Signature

Best for: Flying Air India & select star alliance partners

Designed exclusively for Air India loyalists, the SBI Air India Signature Credit Card requires elevated spending levels but provides substantial rewards. Considering the prospective enhancements following the merger and the ability to redeem Turkish miles for AI domestic business class, this card represents a strategic option for loyalty-oriented individuals. A credit card means more than mere transactional documentation; it signifies a dedication to a desired travel experience.

Conclusion: Choosing Your Credit Companion

Beyond mere transactions, the selection process for credit cards in India encompasses a realm of privileges and experiences that are beyond compare. Consider finances, spending habits, and the perks that correspond with your personal preferences as you select a credit card.

To arrive at an informed decision, conducting thorough evaluations and developing a nuanced comprehension of every card is critical. Transform your credit card from a mere accessory to a valuable component of your daily life, enhancing each transaction’s value. Credit cards should be a companion that elevates your voyage, so choose one that aligns with your financial goals.

How to Apply for a Credit Card

Research: Explore different credit cards to find one that aligns with your spending habits and lifestyle.

Check Eligibility: Ensure you meet the minimum eligibility criteria, considering factors like income, age, and credit score.

Gather Documents: Collect required documents such as identity proof, address proof, income documents, and passport-sized photographs.

Apply Online or In-Branch: Visit the issuer’s website or a local branch to complete the application form. Many issuers also allow online applications.

Submit Documents: Provide the necessary documents to support your application.

Wait for Approval: The issuer will review your application, and once approved, the credit card will be sent to your registered address.

Activate and Use: Upon receiving the card, activate it per the issuer’s instructions, and you can start using your new credit card.


What is the minimum income required to apply for a credit card?

The minimum income thresholds for each card and issuer may differ. It generally fluctuates between 2 and 10 lakhs annually.

How can I check my credit card application status?

Credit card issuers commonly offer online portals or customer service hotlines through which applicants can monitor the progress of their credit card applications.

What fees are associated with credit cards?

Annual fees, late payment fees, cash advance fees, and foreign transaction fees are all examples of typical charges. A comprehensive comprehension of the fee structure is imperative before applying.