Best Rewards and Shopping Credit Cards for Festive Season in India 2024 – Financial News

Credit cards offer numerous benefits, including cashback, rebates, and rewards points, especially for shopping purposes. Given the wide range of options, choosing the most suitable credit card for shopping and rewards can seem daunting for consumers. However, by considering a few key factors, you can identify a card that perfectly fits your spending patterns, thereby increasing your points accumulation and maximizing your savings on purchases.

We have prepared a list of the five best credit cards that offer unique rewards and points for your purchases.

Find out how you spend your money

It is important to identify your main areas of spending, be it groceries, fuel, eating out or online shopping. Different credit cards offer different rewards based on the type of spending. For example, if you often shop on e-commerce platforms like Amazon or Flipkart, a co-branded card like Amazon Pay ICICI Credit Card can provide significant savings through exclusive offers and higher cashbacks.

Also read: One-year or two-year deposit: which offers better returns?

Compare rewards

Some cards offer cashback on every purchase, while others offer loyalty points that can be used later. For example, the SBI Simply Save credit card is ideal for those looking for high loyalty points on everyday expenses like food and groceries.

Check Annual/Joining Fees

Most rewards and shopping credit cards have a sign-up fee and annual maintenance fees. It’s important to weigh these costs against the potential rewards you’ll receive. This can help you maximize your benefits without worrying about additional costs.

Look for other discounts

Many credit cards have partnerships with specific brands or e-commerce sites. These partnerships provide discounts or cashback when you shop at these retailers. Cards like the RBL Bank BankBazaar Savemax Credit Card offer exciting shopping deals at partner outlets. Make sure to choose a card that is compatible with your favorite stores to optimize your savings.

Additional benefits

Some credit cards offer perks like airport lounge access, fuel surcharge waivers, or travel insurance, which can be valuable perks depending on your lifestyle. Always check these extras as they can increase the overall value of the card.

Best Credit Cards for Shopping and Rewards 2024
Credit card	Category
RBL Bank Credit Card BankBazaar Savemax	Shopping and rewards
Federal Bank VISA Signet Credit Card	Shopping and loyalty points
SBI Simply Save Credit Card	Shopping and rewards
Amazon ICICI Pay Credit Card	Shopping and rewards
Yes Bank Finbooster Credit Card	Loyalty points
Developed by Bankbazaar.com

It’s a good idea to remember to pay your credit card bills on time to avoid late payments affecting your credit score and rewards points. Paying on time and choosing credit cards that earn you more rewards points can help you save more money on your purchases.