Online shopping has practically become my lifeline; it is still further gratifying if one has the right debit card. There are different kinds of debit cards available, offering cashback, reward points, and discounts for certain partner e-commerce platforms. This article covers the 10 best debit cards in India for online shopping and offers benefits, a comparison of various cards, how to apply for them, documentation required, and FAQs.
Top 10 Debit Cards for Online Shopping and Rewards
1. HDFC Bank EasyShop Platinum Debit Card
The SBI Platinum Debit Card is a premier card offered by the State Bank of India and is best suited for online shoppers looking for cashback and rewards in addition to discounts. It also offers complimentary insurance coverage along with premium access to airport lounges, as well as reward points for every transaction that can be redeemed for shopping vouchers, flight bookings, and more.
Cashback: 1% cashback on all retail and online transactions (up to Rs. 750 per month)
Rewards: Accrue reward points redeemable for gifts and vouchers.
Lounge Access: Complimentary airport lounge access.
Insurance: Personal accident cover of up to Rs. 10 lakh.
Shopping Limit: Up to Rs. 5 lakh per day.
2. SBI Platinum Debit Card
HDFC Bank’s EasyShop Platinum Debit Card is a boon for many people, with enticing offers such as cashback on online spends and discounts on e-commerce portals. This card is most fitting for individuals who shop online for their daily requirements frequently from one of the popular stores like Amazon, Flipkart, or any others.
Cashback: Discounts on partner websites.
Rewards: 2 SBI Rewardz points earned for every Rs. 200 spent.
Lounge Access: Free domestic and international lounge access.
Shopping Limit: Up to Rs. 2 lakh per day.
3. ICICI Bank Coral Debit Card
ICICI Coral Debit Card is a rewards loaded debit card with special features such as movie discounts, cashback on utility payments, and reward points on online shopping. Perfect in case you want to have a blend of entertainment offers with shopping rewards.
Cashback: 1% cashback on online spending.
Rewards: PAYBACK points awarded for every spend.
Lounge Access: Airport lounge access available on a complimentary basis.
Dining Benefits: Discounts at select partner restaurants.
Shopping Limit: Rs. 5 lakh per day.
4. Axis Bank Burgundy Debit Card
Available for premium customers, the Bank Burgundy Debit Card comes with exclusive cash backs, high spending limits, and airport lounge access without any hassle. It is one of the best cards for high net worth individuals who prefer to shop online most of the time.
Cashback: Discounts on partner sites.
Rewards: 2 EDGE reward points earned for every Rs. 200 spent.
Lounge Access: Complimentary domestic and international lounge access.
Insurance: Personal accident cover of up to Rs. 15 lakh.
5. IDFC FIRST Wealth Debit Card
IDFC FIRST Bank’s Visa Signature Debit Card is all about rewards, lounge access, and high transaction limits, making it good for an online shopping enthusiast.
Cashback: Up to 1.5% cashback on spends.
Rewards: 10X reward points on online shopping.
Lounge Access: Free access to domestic and international lounges.
Forex Markup: Low foreign exchange markup.
6. Kotak Mahindra Privy League Signature Debit Card
811 Debit Card of Kotak Mahindra Bank is suitable for all online shoppers who prefer a completely digital-first banking experience. It supports a virtual card version for safer online transactions.
Cashback: Attractive cashback on online shopping.
Rewards: Reward points on every spend.
Lounge Access: Free lounge access.
Shopping Limit: High daily transaction limit.
7. IndusInd Bank Exclusive Signature Debit Card
Cashback: Discounts on top sites online.
Rewards: Earn Indus Reward Points on domestic and international online transactions.
Lounge Access: Free airport lounge access.
Insurance: Personal accident cover worth Rs. 10 lakh.
8. YES Bank Premier Debit Card
Premium benefits come with the YES FIRST Exclusive Debit Card, which includes high cashback rewards, access to airport lounges, and luxury privileges for frequent shoppers.
Cashback: Rewards points redeemable against vouchers and gifts on all purchases.
Lounge Access: Free access to select lounges.
Insurance: Travel insurance coverage.
9. Federal Bank Visa Signature Debit Card
Federal Bank VISA Infinite Debit Card is a comprehensive gateway for travel and shopping, as it is a good option for people who travel and shop online frequently.
Cashback: Exclusive cashback offers for online purchases.
Rewards: Redeemable reward points on travel and shopping.
Lounge Access: Complimentary airport lounge access.
10. RBL Bank Signature+ Debit Card
The RBL Signature Plus Debit Card is one of the best debit cards for online shopping, giving cashback on many platforms while boasting high withdrawal limits.
Cashback: 1% cashback on all online spending.
Rewards: Bonus points for select categories.
Lounge Access: Complementary access to airport lounges.
Limit: Rs. 300,000 per day.
Comparison Table
| Debit Card | Cashback | Rewards | Lounge Access | Shopping Limit | Insurance |
|---|---|---|---|---|---|
| HDFC Platinum | 1% | Yes | Yes | Rs. 5 lakh | Rs. 10 lakh |
| SBI Platinum | Discounts | Yes | Yes | Rs. 2 lakh | – |
| ICICI Coral | 1% | Yes | Yes | Rs. 5 lakh | – |
| Axis Burgundy | Discounts | Yes | Yes | Rs. 6 lakh | Rs. 15 lakh |
| IDFC Wealth | 1.5% | Yes | Yes | High | – |
| Kotak Privy | Cashback | Yes | Yes | High | – |
| IndusInd Signature | Discounts | Yes | Yes | High | Rs. 10 lakh |
| YES Premier | Reward Points | Yes | Yes | High | Travel Insurance |
| Federal Visa Signature | Cashback | Yes | Yes | High | – |
| RBL Signature+ | 1% | Yes | Yes | Rs. 3 lakh | – |
Steps to applying for a debit card:
- Visit the bank site or branch
- Pick the card that satisfies your needs, and either visit the bank’s official website or the nearest branch.
- Check Eligibility.
- Check that you meet eligibility conditions such as maintaining a designated minimum balance.
- Fill Application
- Application form should be done either online or offline with personal and banking information.
- Submit Required Documents
- Identity proof, address proof and other necessary documents need to be submitted.
- Verification and Approval
- Bank verification of details, and approval.
- Receive Your Card
- Once approved, the debit card will be sent to your registered address.
Required Documents
To apply for a debit card, the documents required are:
Identity proof: Aadhaar card, P.A.N card, Passport, Voter’s ID Address proof: Utility bill, Aadhaar card, Passport Bank account details: Passbook or bank statement Photographs: Recent passport size photos
Advantages of using Debit Cards for Online Shopping.
Cashback and Discounts: Various cards have cashback or discounts on an e-commerce website.
Reward Points: Every transaction rewards you with points that can then be exchanged for some vouchers and merchandise.
Security Features: Almost all debit cards are protected from fraud and are transacted using OTP methods.
Airport: Premium debit cards give you free lounge accesses for frequent travelers.
Global Acceptance: Visa and Mastercard debit cards are accepted almost undividedly throughout the world.
No Debt Risk: Unlike credit cards, you will spend only what you have within the account.
Frequently Asked Questions (FAQs)
Q. Can I have several debit cards?
A. Yes, one can get a number of debit cards from different banks if he/she happens to own an account with that bank.
Q. How much time is a debit card valid for?
A. Most debit cards have a validity period of 3 to 5 years after which renewal is required.
Q.How can I increase my debit card limit?
A. Limit enhancement can be requested by the customer from the bank based on their account balance and spending behavior.
Q. Do debit cards have annual fees?
A. Some premium debit cards incur annual fees, while basic ones are free to customers.
Q. Can I use my debit card for shopping internationally?
A. Yes, provided your card is enabled for international transactions and you check the applicable foreign exchange rates.
Conclusion
A complete debit card best suits a particular way of shopping online and buys convenience by providing cashback, rewards, and other benefits. Do compare options based on your spending habits and choose one to suit your needs. Happy shopping!.
