Which is the best Credit Card in India for 2023?

Picking out the best Credit Card for yourself and your finances requires careful consideration. If you are shopping in India, you are bound to be spoilt for choice, irrespective of your income. However, there is a Credit Card for everyone and every need. While there is no award or official recognition for the title of “the best Credit Card in India”, a few things can make your next Credit Card come close. In this blog, we will take you through some of the things you should consider while selecting a Credit Card.

Choosing the best Credit Card for yourself

Simply choosing a Credit Card and applying for it is not enough, eligibility and finances play a deciding role for the same. Let us check what to look out for.

Your credit score :

A potential cardholder’s credit score is a determining factor when it comes to their eligibility for a Credit Card. If your score is high (750)+, you will be more likely to qualify for the best Credit Cards with lower interest rates, higher credit limits and lucrative Rewards Programmes

The Annual fees :

Credit Cards may also carry an annual fee. Consider the annual fee of any Credit Card you want and compare it to the benefits and rewards offered to determine its worth. Compare card offers from different issuers too

Applicable interest rates :

All financial credit comes with interest and that applies to Credit Cards as well. Factor in what you will have to pay in case you leave outstanding balances on the card. You must consider the interest rates and compare them to other cards to ensure you get the best deal

Rewards and Benefits Programmes :

Each Credit Card has its own Rewards and Benefits Programmes. This includes cashback, Reward Points, frequent flyer miles, fuel waivers and many discounts on purchases. See how these offerings align with your spending habits. The more you spend and avail the benefits offered by the card, the more you’ll earn back on what you spend

Maximum Credit Limit :

The maximum credit limit will determine the maximum amount you can spend on your Credit Card (usually a monthly limit). You should consider your income and spending requirements to ensure that you get a credit limit that suits your needs. Also, see if you can increase the card’s credit limit when your income increases. Your Credit Card company will determine this increase. For instance, with ICICI Bank Credit Cards, customers can increase their card limit in minutes through various channels

Other fees :

Most cards also come with additional fees, such as late payment fees, over-limit fees and even foreign transaction fees. It is crucial to consider these fees, to avoid any surprises

Additional features :

Some Credit Cards come with added features that can include things like free insurance coverage, fuel discounts, tie-ups with e-commerce platforms, concierge services, discounts on travel bookings and a whole lot more. It is best to understand these features and go for a card that provides the most relevant offers to suit your needs.

ICICI Bank Credit Cards

ICICI Bank offers a diverse range of Credit Cards to meet the ever-evolving and increasingly dynamic needs of customers. Take a look at different Credit Cards and their features.

ICICI Bank Credit Cards and their features:

ICICI Bank Platinum Chip Credit Card -

The ICICI Bank Platinum Chip Credit Card is a basic Credit Card with no joining or annual fees. Cardholders can earn ICICI Bank Reward Points on every spend. They also enjoy great discounts on dining, movies and more

ICICI Bank Coral Credit Card -

The ICICI Bank Coral Credit Card is designed for frequent shoppers and travellers. With a joining fee of just Rs 500 + GST, customers can earn up to 10,000 additional Reward Points, get a 25% discount on movie tickets through BookMyShow and Inox twice a month and enjoy one complimentary Railway lounge visit, every quarter

ICICI Bank Rubyx Credit Card -

The ICICI Bank Rubyx Credit Card is a premium Credit Card that offers benefits such as Reward Points on every transaction, complimentary airport lounge access, fuel surcharge waiver and discounts on dining, movies, golf and more

ICICI Bank Sapphiro Credit Card -

The ICICI Bank Sapphiro Credit Card is a top-tier Credit Card that offers exclusive privileges on entertainment, dining, wellness, golf and a complimentary membership to the Dreamfolks DragonPass Programme. There is also a 25% discount on movie tickets at BookMyShow and Inox, twice per month

ICICI Bank Emeralde Credit Card -

The ICICI Bank Emeralde Credit Card is a super-premium Credit Card that offers benefits such as Reward Points on every transaction, complimentary airport lounge access, fuel surcharge waiver, discounts on dining, movies and more.

There is also the MakeMyTrip Signature Credit Card, with a one-time joining fee of Rs 2500 + GST. Customers get Rs 1,500 My Cash, plus a complimentary MMTBLACK exclusive membership along with a MakeMyTrip holiday voucher worth Rs 2,500 upon joining. This card also provides complimentary International and Domestic airport lounge and Domestic railway lounge access.

Sports lovers can check out ICICI Bank x Manchester United collaborative Credit Cards, with free merchandise and memorabilia as joining benefits.

You can apply for your new Credit Card here.

Do consider all the factors mentioned above and compare the options available to find a card that offers the best rewards, benefits and terms that suit your needs and budget.

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