Posted on July 09 2024
Are you a shopaholic? Do you obsess about shopping day and night? Are you often found in malls and stores? Is your phone filled with online shopping apps? Then this is an article especially suited to you as InvestmentCover brings you a specially curated list of the best shopping credit cards available right now in 2020. So, read on and step into the new decade with a brand-new shopping card suited to your needs.
Best Shopping Credit Card in India 2020
| Credit Card | Suitable For | Annual Fee ( in Rs) |
| SBI SimplySave Credit Card | Dinning, Fuel, Movie Deal | 499 |
| HDFC MoneyBack Credit Card | Cashback | 1000 |
| Axis Bank Buzz Credit Card | E-Commerce, Restaurant | 750 |
| American Express SmartEarn Credit Card | Rewards, Cashback | 495 |
| ICICI Coral Credit Card | Cashback, Movie, Dinning | 500 |
| Citibank Rewards Credit Card | Rewards, Cashback | 1000 |
| IndusInd Bank Platinum Aura Edge Credit Card | Travel, Dining, Lifestyle | 500 |
| HSBC Cashback Credit Card | Dinning, Cashback | 750 |
| Yes Prosperity Rewards Credit Card | Dinning, E-Commerce, Fuel | 299 |
SBI SimplySAVE Credit Card
Best Shopping Card with 10X Rewards Points
The “SAVE” in SBI SimplySAVE Credit Card says it all! With this card, you save on your everyday spending and get great rewards and benefits. This card helps you earn reward points at a faster pace on potentially high expenditure categories like groceries, dining, movies, and more. With this credit card, you can also get a lower rate of interest through the feature of balance transfer on EMI and pay your outstanding balance of other credit cards.
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Features of SBI SimplySAVE Credit Card
- 10X reward points on Dining, Movies, Groceries, and Departmental stores.
- Rs 100 cashback on your first ATM withdrawal in the first 30 days of getting the card.
- Earn 2000 bonus reward points on the spending of Rs 2000 in the first 60 days of getting the card.
- 1% fuel surcharge waiver at any petrol pump
- Annual fee reversal on annual spending of Rs 1 lakh.
- Pay faster and more easily with contactless technology.
- Pay your electricity, mobile, and other utility bills with ease via the utility bill payment facility.
- Convert any purchase of Rs 2500 and above into EMI with the Flexipay facility.
Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The age of a salaried applicant must be between 21 – 70 years and the age of a self-employed applicant must be between 25 – 70 years. Also, the applicant must be able to produce all the required documents.
Fees and charges: SBI SimplySAVE Credit Card has a joining fee of Rs 499 which is also the annual fee. It has an interest rate of up to 3.35% per month.
Read Complete Review of SBI SimplySave Credit Card
HDFC MoneyBack Credit Card
Best Shopping Credit Card with Cashback
HDFC MoneyBack Credit Card is an exclusive credit card that has been specially curated to return a portion of what you spend through this card. You can earn money on this shopping card as greater purchases lead to greater savings as this card ensures maximum cashback as compared to other credit cards. The cashback is in the form of reward points which can be further utilized for shopping or can also be converted into direct statement credit.
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Features of HDFC MoneyBack Credit Card
- 4 reward points per Rs 150 spent online using HDFC MoneyBack Credit Card.
- 2 reward points per Rs 150 spent offline using HDFC MoneyBack Credit Card.
- Get the Good Food Trail dining program across premium restaurants.
- E-voucher worth Rs 500 on spends of Rs 50,000 in an annual quarter.
- Savings of up to Rs 250 on every billing cycle with 100% fuel surcharge waiver.
- 100 reward points = Rs 20.
- 24x7 concierge service.
- Protection against fraud with the EMV chip technology.
- Annual fee waiver on annual spending of Rs 50,000.
- Interest-free credit up to 50 days.
- Zero liability on lost cards.
- Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The age of a salaried applicant must be between 21 – 60 years and the age of a self-employed applicant must be between 21 – 65 years. The minimum income for a salaried applicant must be Rs 1,20,000 per month and minimum ITR for a self-employed applicant must be Rs 12 lakh per annum. Also, the applicant must be able to produce all the required documents.
Fees and charges: HDFC MoneyBack Credit Card has a joining fee of Rs 1000 which is also the annual fee. It has an interest rate of up to 3.49% per month.
Read Complete Review of HDFC MoneyBack Credit Card
Axis Bank Buzz Credit Card
Best Shopping Credit Card for Online Shopping
Axis Bank Buzz Credit Card is a tailor-made online shopping credit card. This card is especially suited to those who shop online on the e-commerce giant Flipkart. Apart from getting Flipkart shopping vouchers, customers also get a discount on purchases done on Flipkart. Customers also get extra reward points on online transactions and discount offers on partner restaurants.
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Features of Axis Bank Buzz Credit Card
- Flipkart voucher worth Rs 1000 on 3 transactions done within the first 45 days of getting the credit card.
- 10% instant discount on Flipkart from 1st-5th of each month and 5% instant discount on Flipkart from 6th-31st of each month.
- 2X Axis EDGE reward points per Rs 200 and 3X Axis EDGE reward points on online shopping.
- Minimum 15% off on partner restaurants across India.
- Flipkart vouchers worth Rs 7000 per year on milestone spends.
- Convert any big purchase of Rs 2500 and above into EMI.
- Up to 50 days of interest-free credit.
Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The age of primary cardholder must be between 18 – 70 years and the age of add-on cardholders must be above 18 years. The income of applicants must be 6 lakhs per annum and above. Also, the applicant must be able to produce all the required documents.
Fees and charges: Axis Bank Buzz Credit Card has a joining fee of Rs 750 which is also the annual fee. It has an interest rate of up to 3.25% per month.
Read Complete Review of Axis Bank Buzz Credit Card
American Express SmartEarn Credit Card
Best Shopping Card for Beginners to earn Reward Points
The American Express SmartEarn Credit Card is an ideal card for beginners who want to earn reward points and benefits on an average salary. It is an everyday card that provides several offers, benefits, and accelerated reward points across a wide range of categories. Users can earn reward points on every swipe of this card across categories like online transactions, cab rides, food payments, and more.
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Features of American Express SmartEarn Credit Card
- Rs 500 cashback on the spending of Rs 10,000 within the first 90 days of getting the card.
- 10 membership reward points on every Rs 50 spent on Uber rides.
- 10X membership reward points per Rs 50 spent on Flipkart and Uber.
- 5X membership reward points per Rs 50 spent on Amazon, Swiggy, BookMyShow, PVR, Myntra, Jabong, Grofers, BigBazaar, and much more.
- Annual fee waiver on annual spending of Rs 40,000.
- Convert purchases into EMI with a 1% interest rate per month and zero foreclosure charges.
- Earn 500 membership points on spending Rs 2500 in a month on 10X partner and 250 membership points on spending Rs 2500 in a month on 5X partner.
- Zero lost card liability.
- Emergency card replacement.
Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The annual income of a salaried applicant must be 4.5 lakhs and above and the annual income of a self-employed applicant must be 6 lakhs and above. The applicant must have an Indian or Multinational bank’s savings or current account in India. The applicant must be over 18 years of age. The company of a self-employed applicant must have been trading for more than 1 year. Also, the applicant must be able to produce all the required documents.
Fees and charges: American Express SmartEarn Credit Card has a joining fee of Rs 495 + taxes which is also the annual fee. It has an interest rate of up to 3.5% per month.
ICICI Coral Credit Card
Best Shopping Credit Card for Heavy Discount and Cashback
ICICI Coral Credit Card is a card from the “gemstone” collection of ICICI Bank available in both Visa and Mastercard variants. This card provides various offers, great cashback, heavy discounts, and top-notch security across categories like shopping, travel, dining, and movie. The reward points earned through this card can be redeemed easily across a variety of categories like travel, premium merchandise, and more with its flexible rewards redemption program. Users also get access to the complimentary airport and railway lounge access.
Features of ICICI Coral Credit Card
- Up to 10,000 PAYBACK Points from ICICI Bank Rewards every anniversary year.
- Buy 1 ticket and get another free and up to 2 free tickets per month valued at Rs 250 each on BookMyShow and Inox.
- Minimum 15% off your dining bill at 2500+ partner restaurants.
- 1 complimentary domestic airport lounge and railway lounge access per quarter.
- Transactions worth Rs.2 lakh are awarded 2,000 points under the ICICI Bank Milestone Rewards program. Post this mark, 1,000 points will be given for transactions that are above Rs.1 lakh during an anniversary year.
- 1% fuel surcharge waiver.
- Annual fee waiver on annual spending of more than Rs 1.5 lakhs.
Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The age of the primary cardholder must be above 23 years and the age of add-on cardholders must be above 18 years. The annual income of the primary card Also, the applicant must be able to produce all the required documents.
Fees and charges: ICICI Coral Credit Card has a joining fee of Rs 500 which is also the annual fee. It has an interest rate of up to 3.40% per month.
Citibank Rewards Credit Card
Best Shopping Credit Card for Frequent Shoppers, Movie Lovers
Citibank Rewards Credit Card is one of the best credit cards for frequent shoppers. The most prominent feature of this credit card is its reward program. User earns reward points, cashback, gift vouchers, and more and redeem them for great travel options, premium merchandise, fuel, and much more. The best part is that there is a lifetime validity for the reward points earned. With a low joining fee and a high rewards program, this credit card is a favorite among many.
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Features of Citibank Rewards Credit Card
- 10X reward points on spending on apparel and department stores.
- 1 reward points per Rs 125 on other purchases.
- 300 bonus reward points on spends of Rs 30,000 or more in a month,
- Up to 2500 reward points as a welcome benefit.
- No expiry date on the reward points earned.
- Save up to 20% on partner restaurants.
- Deals and discounts across India and 90 other countries.
- Points can be redeemed instantly via SMS.
- Big purchases can be converted into EMI.
- Instant loan on the card.
Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The age of an applicant must be between 18 – 70 years. Also, the applicant must be able to produce all the required documents.
Fees and charges: Citibank Rewards Credit Card has no joining fee. If the customer spends Rs 30,000 annually, then the annual fee is Nil, else it is Rs 1000. It has an interest rate of up to 3.25% per month.
IndusInd Bank Platinum Aura Edge Credit Card
Best Shopping Credit Card for Travellers and Lifestyle
The IndusInd Bank Platinum Aura Edge Credit Card is a premium credit card suitable for frequent shoppers and travelers. It is uniquely featured with best-in-class privileges in shopping, travel, dining, lifestyle, and more. This card is curated to complement the premium lifestyle of the customers. Customers can earn reward points on shopping and they redeem them for a host of attractive options with its flexible rewards redemption program.
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Features of IndusInd Bank Platinum Aura Edge Credit Card
- 5 saving points per Rs 100 spent on dining and book.
- 4 saving points per Rs 100 spent on departmental stores.
- 4 saving points per Rs 100 spent on the grocery.
- 2 saving points per Rs 100 spent on the purchase of consumer durables and electronic items.
- 1 saving point = Re 0.50
- Saving points can be redeemed to purchase vouchers or merchandise from Indus Moments Rewards Catalogue or can be converted into Vistara Points or InterMiles.
- Access to over 700 lounges across the world.
- The Aura Edge Auto Assist provides various services like Roadside repair service, an emergency supply of fuel, Flat tyre service, emergency towing service, Accident management, and medical assistance service, and many more.
- Various travel insurance coverage.
- 24x7 concierge service.
- 1% fuel surcharge waiver across all petrol pumps in India.
- Simply tap and go at merchant terminals with the contactless payWave feature.
Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The age of an applicant must be between 18 – 70 years. Also, the applicant must be able to produce all the required documents.
Fees and charges: IndusInd Bank Platinum Aura Edge Credit Card has a joining fee of Rs 500 which is also the annual fee. It has an interest rate of up to 3.83% per month.
Read Complete Review of Indusind Bank Platinum Aura Edge Credit Card
HSBC Cashback Credit Card
Best Shopping Credit Card for Cashback
HSBC Cashback Credit Card is a unique credit card offered by HSBC which offers unlimited cashback to its customers on all purchases. It comes with a zero joining fee and a plethora of standout introductory offers and ongoing deals across multiple brands. Customers can also get dining discounts and fee waiver along with the cashback offers.
Features of HSBC Cashback Credit Card
- 1.5% cashback on all online spending (excluding the transfer of funds to an online wallet) and 1% on all other spendings.
- Unlimited cashback on all transactions and on Instant EMI facility.
- 2 domestic & international airport lounge access or 2 meal vouchers worth Rs 400 each for use at airport restaurants and Swiggy voucher worth Rs 250 within 60 days of completion of first HSBC Cashback Credit Card transaction.
- Zero joining fee.
- Waiver of annual membership on annual spending of over Rs 1 lakh.
- 20% off on Swiggy orders above Rs 400.
- 5% discount on Amazon spends a of minimum Rs 1000.
- Up to 15% discount on over 1000 restaurants across major cities.
- Up to Rs 450 instant discount on Big Basket.
- Flat 30% instant discount on MakeMyTrip.
Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The age of an applicant must be between 18 – 65 years. The annual income of the applicant must be over Rs 4 lakhs. Also, the applicant must be able to produce all the required documents.
Fees and charges: HSBC Cashback Credit Card has no joining fee and an annual fee of Rs 750. It has an interest rate of up to 3.3% per month.
Yes Prosperity Rewards Credit Card
Best Shopping Credit Card for Dining and Online Shopping
The Yes Prosperity Rewards Credit Card is a value for the money credit card which offers its customers reward points every time they swipe this card. This card provides all the shopaholics superior and rewarding experience on their every transaction. It provides faster reward points on dining, birthdays, international and online spends which can be redeemed for the customer’s product of liking. Customers also get the facility of contactless payments along with no hassle of documentation or lengthy application procedure.
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Features of Yes Bank Prosperity Rewards Credit Card
- 3 reward points per Rs 100 spent on grocery stores and supermarkets.
- 2 reward points per Rs 100 spent on other categories.
- 500 reward points on each YES PayNow registration.
- 12,000 bonus reward points on annual spending of 3.6 lakhs or more.
- Fuel surcharge waiver on transactions between Rs 400 – Rs 5000.
- Preferential interest rates range between 2.4% - 3.22% for customers who opt for revolving credit.
- Instant EMI.
Eligibility criteria: The applicant must be an Indian citizen with a good credit score. The age of an applicant must be between 21 – 60 years. The minimum income for a salaried applicant must be Rs 25,000 per month and the minimum ITR for a self-employed applicant must be Rs 5 lakhs. Also, the applicant must be able to produce all the required documents.
Fees and charges: YES Prosperity Rewards Credit Card has a joining fee of Rs 250 which is also the annual fee. It has an interest rate of up to 3.5% per month.
How to choose Shopping Credit Card?
Money saved is money earned. We all have different needs and preferences. Often people ask for what is the best shopping credit card for them because today we have lots of options to choose from. We have categorized the best shopping card in India based on their features and benefits. You can pick up your suitable credit card based on the following features:
Shopping Cards Suitable For:
- Travel
- Lifestyle
- Annual Fee
- Cashback and Rewards
- Online Shopping Advantages
- Welcome Gift and Bonus
Online Shopping Credit Card FAQ's
1) What is the Best Credit Card for online shopping in India 2020?
SBI SimplySave Card, HDFC Moneyback Credit Card, Axis Bank Buzz Credit Card, American Express, SmartEarn Credit Card, ICICI Coral Credit Card, Citibank Rewards Credit Card, IndusInd Bank Platinum Aura Edge Credit Card, HSBC Cashback Credit Card, Yes Prosperity Rewards Credit Card are the top 9 online shopping credit cards in India.
2) Which SBI Credit Card is the best for online shopping?
SBI SimplySave Credit Card and SBI Simply Click are the two flagship cards for online shopping in India.
3) Which credit card is the best for online shopping in India?
There are multiple online shopping cards are been issued by various banks in India. The investmentCover team has picked up a few top handpicked online shopping cards based on the features and benefits. You can pick your suitable card from SBI SimplySave Card, HDFC Moneyback Credit Card, Axis Bank Buzz Credit Card, American Express, SmartEarn Credit Card, ICICI Coral Credit Card, Citibank Rewards Credit Card, IndusInd Bank Platinum Aura Edge Credit Card, HSBC Cashback Credit Card, Yes Prosperity Rewards Credit Card
4) Can I get a credit card with RS 18000 salary?
Yes, you can get the card from HDFC and ICICI. You can choose from either HDFC Moneyback Credit Card or ICICI Platinum Chip Credit Card
5) Can we get a Credit Card with a Bad Credit Score?
It's difficult to get a credit card with a bad credit score because today’s most banks become more conscious while issuing a credit card. There are few ways to get a credit card with a bad credit score like:
a) Add on Credit Card
b) Card against Fixed Deposit