Best Rewards Credit Cards in India for Salaried & Self-employed (2019)

If you are looking for honest suggestions on best rewards credit cards in India for salaried & self-employed individuals offering rewards, cashbacks, waivers etc on every online and offline transaction then you are at the right place. The information provided below is based on personal experiences and extensive research.

Best Rewards Credit Cards in India for Salaried & Self-employed

Various modes of doing cashless transactions have been introduced in India since it started heading towards a digital or cashless economy.

Some of those modes are as follows.

  • Credit Cards
  • Aadhar Enabled Payments
  • Unified Payments Interface (UPI)
  • E-Wallets
  • Electronic Transfer

Before the introduction of the above modes, demand drafts and cheques were used for cashless payments. Use of demand drafts and cheques have decreased since their introduction.

Today, credit cards have become the most popular way of cashless payments online and offline. So we will be focusing on various types of credit cards provided by various vendors.

Not all cards are same and no single card has all the features. Different persons have different requirements, such as amount needed, purchase types, place of use i.e, online or offline, purchase size, cashbacks, rewards, joining fee, renewal fee, interest levied etc.

Hence, I compiled a list of the best credit cards in India for salaried and self-employed individuals based on various user segments.

Best Rewards Credit Cards in India for Salaried & Self-employed Individuals (2019)

Self-employed

In India, more and more individuals are shifting towards self employment. This may be because of the rise in start-up companies, alternate careers etc.

There are various types of credit cards available for self-employed individuals in India. They are being offered by most of the banks and various card vendors. Each credit card have its own eligibility criteria, features, benefits and terms of use.

For self-employed individuals, Regular Credit Cards are the best. Very less fees and charges are applicable for these cards. Also, applications are accepted faster for these cards due to the less requirements. Along with the rewards, these cards also have card-specific advantages. Hence, regular credit cards are the best rewards credit cards in India for self-employed individuals.

To avail premium credit cards, self-employed individuals have to submit additional documents and proofs to the issuing authority.

Salaried

When it comes to salaried individuals, almost all the major banks and card vendors offers them high-value credit cards compared to self-employed individuals. This is because of the guarantee on salaried individual’s regular income.

Along with regular credit cards, salaried individuals can avail Premium Credit Cards by just filing an application for the same. The only additional requirement for them is the annual income.

Before getting into the details, lets check some of the requirements an individual should meet to be eligible to own one or more of the suggested cards.

Eligibility

  • Minimum age – 21 years
  • Must have regular income. This is required to check the individual’s repayment capacity.
  • Salaried individuals must submit two latest payslips, self-employed individuals must submit latest ITR as income proof.
    No income proof? Skip to the Credit Cards Without Income Proof section.
  • Must have good credit history.
    First time self-employed individuals will not have any CIBIL, Equifax, Experian or Highmark score. They should avoid withdrawing cash from ATMs and perform cashless transactions as much as possible to increase their credit score with the banks. If you are one of them then use debit cards, UPI apps, internet banking etc as mush as possible for at-least three months.
  • An individual should not have any debt or credit default.
  • Should have an active account with the respective bank or card vendor for a minimum of one year.

1. HDFC Bank Platinum Plus Credit Card

Additional Eligibility

Individuals must have an HDFC savings account in their name, also must have an annual income of minimum 2 Lakh.

Features

  • 2 Reward Points for every Rs.150 spent, 3 Reward Points for every Rs.150 after a total spend of Rs.50,000.
  • Fuel Surcharge waiver of 2.5%.
  • Zero liability on lost card. Report immediately to carry zero liability on any fraudulent transactions.
  • Interest free loan/credit facility for upto 50 days.
  • Free 3 Add-on cards for lifetime for your loved ones.
  • Exclusive credit card offers.

For more details and application process, check the official HDFC Bank Platinum Plus Credit Card page.

2. HDFC Bank Freedom Credit Card

This card can be considered as the best cashback credit card from the HDFC Bank.

Additional Eligibility

Check the above HDFC Bank Platinum Plus Credit Card additional eligibility section. For salaried individuals, gross monthly income should be greater than Rs.12,000.

Features

  • 500 Reward Points as welcome benefit.
  • 25X Reward Points on birthday spends.
  • 10X Reward Points on PayZapp & SmartBUY spends.
  • 5X Reward Points on Movies, Dining, Groceries, Railways & Taxis spends.
  • 1 Reward Point for every Rs.150 spent on all other purchases.
  • Annual fee waiver if spends > Rs.60,000 during the year.
  • Convenience fee waiver of 1%.
  • Contactless credit card for faster and secure payments.
  • Zero liability on lost card.
  • Interest free loan/credit facility for upto 50 days.

For more details and application process, check the official HDFC Bank Freedom Credit Card page.

3. Citibank Rewards Credit Card

Additional Eligibility

Self-employed individuals must submit latest ITR with audited financials and computation of income.

Features

  • Joining fee – Nil.
  • Annual fee waiver if spends >= Rs.30000 during the year.
  • 10 Reward Points for every Rs.125 spent on apparel and departmental stores, 1 Reward Point for every Rs.125 spent on all other purchases.
  • Fuel Surcharge waiver of 0.75%.
  • Dining Privileges.
  • Cash withdrawals from ATMs, Instant Loan, Easy EMI options available. Note that processing fee, interest are also applicable.

For more details and application process, check the official Citibank Rewards Credit Card page.

4. Standard Chartered Platinum Rewards Credit Card

Additional Eligibility

Individuals must have a stable monthly income, should belong to the credit cards sourcing cities/locations of the bank.

Self-employed individuals must submit business continuity proof.

Features

  • Joining fee – Rs.250.
  • Annual fee – Rs.250, waived if spends >= Rs.60,000 during the year.
  • 5 Reward Points for every Rs.150 spent on dining and fuel, 1 Reward Point for every Rs.150 spent on all other purchases.
  • Contactless credit card for faster and safer checkouts.
  • Emergency loan of upto Rs.5,00,000.
  • Convert spends > Rs.5000 to Easy EMIs.
  • Convert outstanding balance into EMIs. No processing fee.

For more details and application process, check the official Standard Chartered Platinum Rewards Credit Card page.

5. ICICI Bank Platinum Chip Credit Card

Additional Eligibility

Individuals must be at-least 23 years old, must have an ICICI savings account in their name.

Features

  • Joining fee – Rs.199.
  • Annual fee – Rs.99. Subsequent annual fee wavier if spends > Rs.50,000 during the year.
  • Apply online for no joining fee, no annual fee. Free credit card for lifetime.
  • Contactless credit card for faster and safer checkouts.
  • 2 Reward Points for every Rs.100 spent on all retail purchases except fuel, 1 Reward Point for every Rs.100 spent on utilities and insurance categories.
  • Fuel Surcharge wavier of 1%.
  • 15% discount at select restaurants.
  • Free supplementary card for loved ones.

For more details and application process, check the official ICICI Bank Platinum Chip Credit Card page.

6. Axis Bank Neo Credit Card

Additional Eligibility

Individuals can be either Indian Resident or Non-Resident of India.

Features

  • Joining fee – Rs.200. Waived on spends of Rs.2500 within 45 days.
  • Annual fee – Rs.250.
  • Amazon voucher of Rs.250 on first spend.
  • 10% off on mobile recharges, online shopping and movie tickets.
  • Minimum 15% off at partner restaurants.
  • 2 Reward Points on every Rs.200 spent on all purchases.
  • On card loss, report immediately to avail zero liability on fraudulent transactions.
  • Emergency loan.
  • Convert purchases to EMIs.
  • Free Add-on card.

For more details and application process, check the official Axis Bank Neo Credit Card page.

7. Bajaj Finserv RBL Bank Credit Card

Additional Eligibility

Individuals must be within 25-65 years age, must have an annual income of minimum 2 lakh, must have Bajaj Finance EMI card, and also must have a CIBIL score of minimum 750.

Features

  • Cash withdrawals from ATMs. Flat 2.5% processing fee, no interest levied for upto 50 days
  • Emergency loan available. Flat 2.5% processing fee, interest-free loan for upto 90 days
  • Easy EMI options. Flat 2.5% processing fee, repay the loan in 3 EMIs.
  • Welcome rewards.

For more details and application process, check the official Bajaj Finserv RBL Bank SuperCard (Credit Card) page.

Credit Cards Without Income Proof

Cannot provide proof of regular income to the banks? Do not worry. There is a way using which one can still have a credit card without the need of an income proof.

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