I reviewed over 100 credit cards from various financial organisations and compiled a list of the 12+ best credit cards for 2022 based on various client profiles, which you can find below.
- Entry Level Credit Cards
- Premium Credit Cards
- Travel Credit Cards
A. Credit Cards with Extraordinary Benefits
With roughly ten current credit cards in my wallet, the following list comprises the bulk of the cards I use, as well as a few others. Let's begin with the most fundamental of credit cards: the debit card.
Entry Level Credit Cards
- Suggested income: 4 Lakhs+
- Suggested spend: 1 Lakhs+
Entry-Level credit cards, also known as credit cards for beginners, are credit cards that are designed specifically for those who are just getting started with credit cards.
This post will provide you with a quick overview of some of the best credit cards for first-time buyers in India in 2022.
1. HDFC Millennia Credit Card
If you're new to the world of finance and looking for a credit card, there's no reason to shun the HDFC Millennia credit card. This is true regardless of the other card you obtain. You will now have access to HDFC merchant promotions as well as acceptable rewards with less perplexing terms and conditions as a result of the most recent upgrade.
Building a relationship with the bank will eventually get you access to premium and super-premium HDFC Credit cards.
2. Axis Ace Credit Card
A basic credit card that offers 2% cashback on all of your common transactions. In terms of reward rates, this HOT pick from 2021 outperforms many premium cards, and it is expected to maintain its position in 2022 as well.
Axis' problem, on the other hand, is a lack of technology and concerns about credit limitations.
3. Amex MRCC
The American Express Membership Rewards Credit Card (MRCC) is the easiest way to get to know the Amex brand. If you just use this card to get the 1000 extra points each month, you may expect to receive a return on your investment in this card of more than 10%.
You will also have access to the fantastic Amex Offers (merchant incentives and expenditure-based offers), which are really lucrative the majority of the time.
4. RBL Zomato Credit Card
If you want to enjoy some free meals, the RBL Zomato Classic Credit card is just what you need. It's one of the easiest to get accepted if you don't have an RBL bank account. In an ideal world, everyone will have access to the card by or before March 2022.
5. Axis Flipkart Credit Card
If you often make purchases on Flipkart, it is suggested that you use this co-branded credit card since you will be able to take advantage of both the Flipkart offers and the 5% cashback.
6. ICICI Amazon Pay Credit Card
If you routinely purchase on Amazon and are a part of the Amazon Prime membership programme, you can't afford to miss out on this excellent card.
B. Premium Credit Cards
When your lifestyle includes a pinch of luxury, premium credit cards come into play. It provides additional travel benefits such as access to local and international lounges, a better reward rate, and so on.
1. BOB Eterna
If you spend the majority of your money online and your monthly expenditure does not surpass 40,000, you should not miss out on this fantastic deal. The disadvantage is that you will have to make do with a less-than-impressive premium customer service experience.
2. IndusInd Pinnacle
If you make a lot of online purchases, you might think about getting an Indusind Pinnacle Credit card. It has recently gained appeal because of improved availability in 2020, as well as a low joining fee and welcoming benefits.
Furthermore, because the pandemic has put a strain on travel rewards, some people are looking toward credit as a better option.
3. HDFC Regalia
Aside from the points and retail discounts, the major benefit of this card is the ability to purchase Priority Pass for family members, who can also take advantage of the complimentary lounge entry limit.
In this sense, it is a huge money saver for folks who are unable to get HDFC Super Premium credit cards.
4. IDFC First Select
In comparison to the other credit cards on the list, IDFC Credit Cards are rather appealing. It is incredibly adaptable since it can act as an entry-level card, a premium card, and even a super-premium card (wealth/private) all at the same time.
This card, on the other hand, will only reward you if your expenditure reaches 1 lakh rupees in a billing cycle, resulting in a reward rate of roughly 2%. If your monthly expenses are higher, you should not pass on this HOT pick for 2022.
C. Travel Credit Cards
If you plan on doing a lot of travelling, you should have one of these unusual Travel credit cards on hand.
To make up for the absence of cashback, travel credit cards are designed in such a way that you earn travel vouchers or points instead.
1. Amex Platinum Travel
Without a question, the American Express Platinum Travelcard is the best travel credit card available in the country. Even with the most recent changes to redemption options, it remains valid.
Personally, I enjoy using this card since it allows me to stay at a new Taj location each year, owing to the complimentary Taj Vouchers that it comes with.
2. Axis Magnus
Axis Magnus offers new airport experiences. For example, you may avoid airport lineups by using their complimentary airport meet & greet services, which is really helpful at this time of year.
3. SBI IRCTC Platinum
With the SBI IRCTC credit card, you may save up to 10% on your train tickets, which you can then use to redeem for more train travel. If you travel by rail in India on a frequent basis (40 or more travels per year), you should think about obtaining this card.
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