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 purchase 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 these 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, lucrative alternate non-salaried careers etc.

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

Regular credit cards are best for self-employed individuals. They not only come with low entry and renewal fees, but also has very less requirements and negligible transactional charges. Due to the low requirements, applications for these cards are accepted faster. Along with the rewards, these cards also bundle card-specific advantages. Hence, regular credit cards are the best rewards credit cards in India for self-employed individuals.

Note: To avail premium credit cards, self-employed individuals have to submit additional specified documents and proofs to the issuing authority. Documents such as business continuity proofs, latest income tax returns (ITR) etc.

Salaried

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

Along with the regular credit cards, salaried individuals can avail premium credit cards by just submitting an application to the issuing authority for the same. The only additional requirement for them is the ‘minimum annual income’ that varies from card-to-card.

Reward Points

On using the following suggested best rewards credit cards, users will get some reward points based on the size of the transaction. These reward points can be redeemed against inventory available at card issuing authority. Inventory may include cashbacks, mobile recharges, lifestyle products, electronic accessories etc. Hence we can say that reward points are nothing but discount coupons.

Eligibility

Before getting into the details, lets check some of the common eligibility requirements an individual should meet to be eligible to own one or more of the suggested best rewards credit cards in India.

  • An individual should be at-least 21 years old.
  • He/she must have regular income. This is required to check the individual’s repayment capacity.
  • Salaried individuals must submit at-least two latest payslips, self-employed individuals must submit latest ITRs as income proofs.
    No income proof? Check out our Top Credit Cards Without Income Proof in India post.
  • He/she 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.
  • He/she should have an active account with the respective bank or card vendor for a minimum of one year.

Along with these common requirements, some of the suggested credit cards may have additional card-specific requirement(s). Check them before applying. Also, all the links attached below are from official sources. Report in comments section if any of the attached link(s) does not work. I will fix the link(s) as soon as possible.

1. HDFC Bank Platinum Plus Credit Card

Platinum Plus Credit Card by HDFC Bank will give you great benefits on fuel purchases and bill payments. This regular credit card should be the first choice for a self-employed individual to get started with building credit history. After a time period (a minimum of six months), I would suggest anyone using this card to move to some other better credit card for additional benefits.

Additional Eligibility

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

Features & Benefits

  • 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

Freedom Credit Card can be considered as the best cashback credit card from the HDFC Bank. 100 reward points will give you cashback of Rs.10 or catalogue of Rs.15. Apart from the cashback, users will also get gift voucher(s) worth Rs.1000 on annual spends of Rs.90,000 or more.

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 & Benefits

  • 500 reward points as welcome and renewal gifts.
  • 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%.
  • Three free add on credit cards.
  • 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 online application, check the official HDFC Bank Freedom Credit Card page.

3. SBI SimplyCLICK Credit Card

SimplyCLICK Credit Card by SBI offers great rewards on online purchases. It offers extra rewards and benefits on spends at Amazon, BookMyShow, Cleartrip, Lenskart, Netmeds etc. This credit card is best for online shopping and bill payments.

Additional Eligibility

An individual should have a good credit history. He/she must submit income proof documents such as salary slips, bank statements etc.

Features & Benefits

  • Unique offers from partner online merchants.
  • Amazon gift card worth Rs.500 on joining.
  • 1 reward point for every Rs.100 spent offline.
  • 10X reward points on online spends with Amazon, BookMyShow, Cleartrip, Lenskart, Netmeds, Rentomojo and UrbanClap.
  • 5X reward points on all other online spends.
  • E-voucher worth Rs.2000 on annual online spends of Rs.1 Lakh or more.
  • 1% fuel surcharge waiver.
  • Annual fee waiver if spends >= Rs.1 Lakh during the year.
  • Contactless credit card.
  • Add-on cards for parents, spouse, children or siblings.
  • Cash withdrawals from ATMs.
  • Balance Transfer on EMI.
  • Convert transactions into easy monthly installments.

For more details and application process, check the official SBI SimplyCLICK Credit Card page.

4. Citibank Rewards Credit Card

Citi Rewards Credit Card by Citibank offers great rewards on shopping, dining, traveling etc. This credit card is best for those who travel and dine at restaurants a lot. Users will get a welcome bonus of upto 2500 reward points. These reward points never expire.

Additional Eligibility

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

Features & Benefits

  • No joining fee.
  • 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.

5. Standard Chartered Platinum Rewards Credit Card

Platinum Rewards Credit Card by Standard Chartered Bank offers great benefits on shopping, dining and fuel spends. This credit card is perfect for occasional dining and long touring individuals.

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 & Benefits

  • 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.

6. ICICI Bank Platinum Chip Credit Card

Platinum Chip Credit Card by ICICI Bank has great offers at luxury hotels, restaurants, lifestyle stores, spas etc. With ICICI Bank Culinary Treats programme, one can save a minimum of 15% on dining bills over 2,500 participating restaurants.

Additional Eligibility

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

Features & Benefits

  • 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.

7. Axis Bank Neo Credit Card

Neo Credit Card by Axis Bank provides great offers on Amazon, BookMyShow and Jabong. An individual can get a minimum 15% discount at their partner restaurants across India.

Additional Eligibility

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

Features & Benefits

  • 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.

8. Bajaj Finserv RBL Bank Credit Card

RBL Bank SuperCard (Credit Card) by Bajaj Finserv and RBL Bank offers great benefits on online shopping, traveling, dining, bill payments etc.

Additional Eligibility

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

Features & Benefits

  • Reward points on regular and online spends.
  • 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.
  • Exclusive benefits from Bajaj Finserv partner stores.
  • Zero-fraud liability cover.
  • Complimentary airport lounge access.

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

Conclusion

Based on your requirements and eligibility, analyze all the features and benefits the above suggested rewarding credit cards has to offer and then make a choice. Also, consider joining fee, renewal fee and rate of interest while shortlisting a card.

Got a credit card for yourselves? Do share your experience with the card vendor in the comments section below. Your valuable suggestions might help our readers.

Disclaimer: Joining fee, renewal fee, features and benefits of the above suggested credit cards might differ from time to time. This depends on the card vendor. I will update the post as and when I come across the updated info and experiences with other credit cards. You have to read their respective terms and conditions before making any decision.

Leave a Reply

Your email address will not be published. Required fields are marked *

twelve + twelve =