5. SBI Cashback Card
Best for: Online Shoppers
- The SBI Cashback Card is currently the best cashback card in the country, especially for online shoppers.
- Annual Fee -Â Rs.999 + taxes
- 5% Cashback on all online spends, making it incredibly lucrative for frequent online buyers.
- Park+ Vouchers: Coupled with Park+ vouchers, the effective cashback rate can reach 10-15%, making your online purchases even more rewarding.
- This card is a great choice for those who prefer straightforward cashback benefits without the need to navigate complex reward systems.
4. American Express Platinum Travel Card
Best for: Moderate Spenders and Points Enthusiasts
- If you're looking to enter the points and miles game, the Amex Platinum Travel Card is your ideal companion. Here’s what it offers:
- Annual Fee -Â Rs.3,500 + taxes (Free for the first year if you use my referral link)
- Amex Points: Earn 50,000-60,000 Amex points on spending ₹4 lakh, translating to a 15% return rate in points.
- Bypassing utility and usual unacceptability -Â Using the Amex Gyftr portal gives you 3x points on buying vouchers and using this to buy Amazon Pay vouchers to pay your bills is an easy way to earn accelerated rewards.
- This card is perfect for moderate spenders who want to maximize their return on everyday expenses through a versatile points system.
3. Axis Atlas Card
Best for: Versatility and Travel Rewards
- Annual Fee -Â Rs.5,000 + taxes.
- Return Rate: Offers a 5.3% return rate for flights and hotels, and an impressive 11.3% return rate on travel bookings.
- Transfer Partners: Axis has a large network of transfer partners, making it easy to convert points to popular airline and hotel loyalty programs.
2. HDFC Infinia Card
Best for: High Return on Smartbuy Spends & Easy redemptions without transferring points.
- Annual Fee - Rs.12,500 + taxes.
- Base Conversion Rate: A decent 3.3% on all spends.
- Bonus Points: Earn points on spends in categories like insurance and education, where other cards might not offer rewards.
- Smartbuy and Gyftr: Use these platforms to accelerate your points to between 13%-33%.
- Easy Redemption: Redeem points easily on the Smartbuy portal for flights and hotels, with up to 70% of your booking covered by points.
1. Axis Magnus Burgundy Card
Best for: High Net-Worth Individuals (HNIs) & High Spenders.
Annual Fee - Rs.30,000 + taxes.
Flat Return Rate: Offers a 4.8% return rate on all spends for the first ₹1.5 lakh each month.
High Spend Benefits: For spends above ₹1.5 lakh, the conversion rate jumps to a whopping 14%.
Rent Payments: Even rent spends up to ₹50,000 per month count towards the first ₹1.5 lakh.
Transfer Partners: Axis’s extensive network of transfer partners allows you to make the most of your points.
This post was originally shared by Aly Hajiani on Linkedin.