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Types of Credit Cards in India

There are 12 major types of credit cards being provided by banks and financial institutions in India. These cards provide a wide variety of financial benefits to holders. Major India Credit Card Types
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Premium Credit Cards Cash Back Credit Cards Gold Credit Cards Airline Credit Cards Silver Credit Cards Business Credit Cards Balance Transfer Credit Cards Co-branded Credit Cards Low Interest Credit Cards Lifetime Free Credit Cards Rewards There are some additional credit cards that are available in India as well. Rewards credit cards available in India can be subdivided into six categories Points, Hotels and Travels, Retail, Auto and Fuel. Premium Credit Cards There are 33 various premium credit cards available in India:

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ABN AMRO MakeMyTrip Go Credit Card ABN AMRO Platinum Credit Card ABN AMRO Titanium One Credit Card American Express Kingfisher First Credit Card American Express Platinum Credit Card Axis Bank Visa Platinum Credit Card Bajaj Allianz Super Value Titanium Credit Card Citibank Platinum Credit Card Deutsche Bank Landmark Platinum Credit Card Deutsche Bank Miles & More Platinum Credit Card Deutsche Bank Miles & More Signature Credit Card Deutsche Bank Platinum Credit Card

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HDFC Bank Platinum Plus Credit Card HDFC Bank Platinum Plus Credit Card HDFC Bank Titanium Credit Card HDFC Bank Visa Signature Credit Card HSBC Platinum Credit Card ICICI Bank Ascent American Express Credit Card ICICI Bank Platinum Credit Card ICICI Bank Platinum Identity Credit Card ICICI Bank Platinum Premiere Credit Card ICICI Bank Thomas Cook Titanium Credit Card ICICI Bank Titanium Credit Card ICICI Signature Credit Card Jet Airways Citibank Platinum Credit Card Kotak Mahindra League Platinum Credit Card Kotak Mahindra Royal Signature Credit Card SBI (State Bank of India) Platinum Credit Card Standard Chartered Emirates Platinum Credit Card Standard Chartered Emirates Titanium Credit Card Standard Chartered Platinum Credit Card Standard Chartered Super Value Titanium Credit Card Yatra Barclaycard Platinum Credit Card

Gold Credit Cards


There are forty gold credit cards available in India. They may be enumerated as below: ABN AMRO Smart Gold Credit Card American Express Gold Charge Card American Express Gold Credit Card American Express HPCL Credit Card Axis Bank Gold Credit Card Axis Bank Gold Plus Credit Card Axis Bank Secured Credit Card Barclays Bank Gold Credit Card
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BOBACRD Gold MasterCard Credit Card BOBACRD Gold Visa Credit Card Cancard Visa International Gold Credit Card Citibank Cash Back Credit Card

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Citibank Gold Credit Card Deutsche Bank Landmark Gold Credit Card Deutsche Bank Smart Gold Credit Card HDFC Bank Gold Business Credit Card HDFC Bank Gold Credit Card HDFC Womans Gold Credit Card HSBC Gold Credit Card ICICI Bank Airtel Gold Credit Card ICICI Bank Big Bazaar Gold Credit Card ICICI Bank Gold American Express Credit Card ICICI Bank HPCL Gold Credit Card ICICI Bank Orchid An Ecotel Credit Card ICICI Bank Solid Gold (MasterCard) Credit Card ICICI Bank Solid Gold (Visa) Credit Card ICICI Bank Toyota Credit Card ICICI Bank Travel Smart Credit Card IndianOil Citibank Gold Credit Card Jet Airways Citibank Gold Credit Card Jet Airways CitiBusiness Credit Card Kotak Mahindra Fortune Gold Credit Card Kotak Mahindra Trump Gold Credit Card NEXTGEN BOBCARD Gold Credit Card Reliance Gold Credit Card SBI Gold and More Credit Card SBI UBI (United Bank of India) Gold Credit Card Standard Chartered Gold Credit Card Standard Chartered Rotary Credit Card Times Card from Barclaycard and TimesofMoney

India Credit Cards Issuers


There are 15 different banks issuing credit cards in India. These card providers furnish the cardholders with a number of attractive benefits and rewards. ABN Amro ABN Amro is issuing nine credit cards in India. They may be enumerated as below:
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ABN Amro Freedom Credit Card ABN Amro One Credit Card

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ABN Amro Smart Gold Credit Card ABN Amro Titanium One Credit Card ABN Amro Wellness Credit Card ABN Amro MakeMyTrip Go Credit Card ABN Amro Barista Credit Card ABN Amro Platinum Credit Card ABN Amro Adlabs Credit Card American Express American Express is issuing 11 credit cards in India. They may be enumerated as below:

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American Express Kingfisher First Credit Card American Express Credit Card American Express Platinum Credit Card American Express India Today Group Credit Card American Express Indian Airlines Credit Card American Express Indian Airlines Gold Charge Card American Express HPCL Credit Card American Express Indian Airlines Green Charge Card American Express Gold Credit Card American Express Gold Charge Card American Express E Credit Card Axis Bank Axis Bank is issuing nine credit cards in India. They may be enumerated as below: Axis Bank Gold Plus Credit Card Axis Bank Corporate Credit Card Axis Bank Gold Credit Card Axis Bank Secured Credit Card Axis Bank Visa Platinum Credit Card Axis Bank Shriram Credit Card Axis Bank Silver Plus Credit Card Axis Bank Travel Currency Card Axis Bank Silver Credit Card Bank of Baroda Bank of Baroda is issuing eight credit cards in India. They may be mentioned as below:

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BOBCARD Corporate Global Credit Card BOBCARD Exclusive Woman credit card NEXTGEN BOBCARD Gold Credit Card BOBACRD Exclusive Youth Credit Card BOBACRD Gold Visa Credit Card BOBACARD Silver Credit Card BOBACRD Gold MasterCard Credit Card BOBACARD Exclusive Credit Card Citibank Citibank is issuing 26 credit cards in India. They may be named as below:

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Citibank Platinum Credit Card Citibank Choice Credit Card First Citizen Citibank Credit Card Reliance Gold Credit Card Citibank Cash Back Credit Card Reliance Silver Credit Card Jet Airways Citibank Gold Credit Card Vodafone Citibank Credit Card Jet Airways Citibank Platinum Credit Card MTV Citibank Credit Card Jet Airways CitiBusiness Credit Card International Times Credit Card Jet Airways Citibank Silver Credit Card CRY Citibank Credit Card Diners Club British Airways Credit Card WWF Citibank Credit Card IndianOil Citibank Gold Credit Card Citibank Womans Credit Card IndianOil Citibank Credit Card Citibank Womans Visa Mini Credit Card Maruti Suzuki Auto Credit Card Diners Club International Credit Card Citibank Gold Credit Card Taj Epicure Diners Club Credit Card Citibank Silver Credit Card Delhi Metro Citibank Credit Card

Following are some other banks that are issuing credit cards in India:
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HSBC ICICI Bank Deutsche Bank SBI Barclays Bank Canara Bank Standard Chartered Amex HDFC Kotak Mahindra

Low Interest Credit Cards in India


A number of banks are offering low interest credit cards in India in order to help the cardholders manage their finances in a better way. These cards are highly availed by Indian consumers on account of their low interest rates. ICICI Bank Platinum Credit Card Following are some salient features of ICICI Bank Platinum Credit Card:
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Cardholders receive priority access facilities to airport lounges. Regular interest rate is 1.99% per month. Cardholders receive air accident insurance coverage worth INR 1 crore. Cash advance fee is 3.15% per month. Cardholders have higher cash limits and credit limits. Card issuer is VISA. The card is offered via invitation only. Issuing bank is ICICI Bank. Joining fee is INR 25,000. There are 0% fuel surcharge facilities. Renewal fee is INR 2,500. American Express Indian Airlines Credit Card American Express Indian Airlines Credit Card has the following salient features:

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The cardholders receive 10% discounts on business class flights and 15% discounts on economy flights. Renewal fee is INR 3750.

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There is a 5% discount on super saver fares. Regular interest rate is 1.9%. Cardholders receive business class upgrades for free. Cash advance fee is 1.9%. Cardholders receive complimentary tickets. Credit card issuer is AMEX. Joining fee is INR 3750. There are 0% fuel surcharge facilities that can only be availed at HPCL outlets. HDFC Bank Titanium Credit Card Following are the salient features of HDFC Bank Titanium Credit Card: Cardholders receive exclusive concierge services. Regular interest rate is 2.65% per month. Cardholders receive rebates at hotels and clubs. Cash advance fee is 2.5% per month. The minimum cash advance fee is INR 300. There are accelerated rewards programs that are provided on the basis of expenditure with the card. Issuer is MasterCard. Cardholders receive 0% fuel surcharge and balance transfer facilities. Issuing bank is HDFC Bank. Joining fees and renewal fees are variable. Following are some other low interest credit cards that are available in India:

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HDFC Bank Visa Signature Credit Card BOBCARD Exclusive Woman credit card HDFC Bank Platinum Plus Credit Card BOBACRD Exclusive Youth Credit Card HDFC Bank Corporate Credit Card BOBACARD Silver Credit Card Hero Honda SBI Credit Card BOBACARD Exclusive Credit Card BOBCARD Corporate Global Credit Card Axis Bank Secured Credit Card NEXTGEN BOBCARD Gold Credit Card HSBC Platinum Credit Card BOBACRD Gold Visa Credit Card Yatra Barclaycard Platinum Credit Card

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BOBACRD Gold MasterCard Credit Card ABN AMRO Platinum Credit Card
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Prepaid Credit Card India

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The plastic money industry in India, including credit cards and debit cards, is growing steadily. While the demand for regular credit cards in India is high, with over 27 million cardholders in 2009, according to Business Standard, the usage ofprepaid credit card India is still in its nascent stage. These cards are, however, increasingly being offered by several major banks, including ICICI, AXIS Bank, HDFC and SBI, to individuals as well as corporate clients. Popular Prepaid Credit Card India Options
Prepaid credit cards are often wrongly confused with debit cards. In reality, a prepaid credit card aims to cater to a specific purpose. Prepaid credit cards in India are commonly offered in the following versions: Travel Currency Prepaid Credit Card This is a secure and convenient method of making payments while traveling outside the country, without hassling about money changers and converting travelers cheques. Travel currency cards, available on the MasterCard and Visa platforms, can be bought in different foreign currency demotions. Most banks have a minimum card recharge denomination. For instance, to have an AXIS Bank travel currency card in US dollars, a cardholder is required to make a minimum deposit of $250. The maximum currency load on a travel prepaid credit card is governed by the Reserve Bank of India. Gift Prepaid Credit Card Most gift prepaid credit cards in India are offered in collaboration with either Visa or MasterCard, thereby facilitating worldwide acceptance. These are an excellent gift alternative, empowering the receivers to utilize the card to make purchases according to their needs and preferences. Some important features of a gift prepaid credit card are: Available in multiple denominations, which may be as low as Rs.1,000 and as high as Rs.50,000. Offered in multiple designs to suit different aesthetics. Option to redeem unutilized balance for cash.

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Annuity Prepaid Credit Card These are typically co-branded credit cards, offered in collaboration with an insurance provider, such as Life Insurance Corporation. These cards help to receive annuities and

pension directly from the provider without the hassle of standing in queues to receive a cheque. The amount debited to the card account can be used for purchases and payments, like a regular debit card. Finally, prepaid credit cards in India include those intended exclusively for corporate clients, such as the corporate gift card for gifting employees, corporate payroll card for transferring salaries and corporate rewards card for offering bonuses and incentives to employee

Free Credit Cards India


Most credit cards have an annual membership fee associated with them. This fee differs from bank to bank and from card to card. For instance, ICICI Bank charges an annual fee in the range of Rs3,000 to Rs7,000 on its premier cards. The fee on HSBC credit cards is in the range of Rs350 to Rs4,000. However, for the budgetconscious individual, a free credit card in India is the best alternative, which comes without any annual fee or membership charges.

Some popular credit cards offer free credit card services


ICICI American Express Gold Credit Card
This card is an airline miles card, offering cardholders the option to earn 5 airline miles on every Rs100 spent on the card. These miles can be redeemed for discounts on several domestic and international airlines, including Air Sahara, Indian Airlines, Jet Airways and Singapore Airlines. Other important features of the card are:
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Complementary supplementary card Zero interest on balance transfer for 90 days 24x7 access to ICICI personal concierge services

Citibank Silver Card


In association with MasterCard, this is rewards card offers 1 reward point on every Rs200 spent on the card. These points can be redeemed for several exclusive gifts as well as to pay the card renewal fee. Important features of the card are:
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Introductory interest rate of 0% for the first six months Up to Rs5 lacs coverage on card outstanding with Citibank Credit Shield Plus. Option to convert credit card purchase into EMI for greater savings

Axis Bank Gold Credit Card


Offered with Visa, this card comes with an interest free credit period of up to 50 days. Purchases with an Axis Bank gold card are eligible for 1 reward point on every Rs100 spent within the nation and 2 points on foreign purchases. Some important benefits of the card are:

India Credit Card Payment


Timely credit card payment is crucial in avoiding default fees and utilizing interest-free payment periods. All private, public and multinational banks in India offer multiple credit card payment alternatives to encourage diligent credit card payments through added convenience. In fact, most banks have dedicated payment gateways to facilitate secure and fast India credit card payment processing.

India Credit Card Payment: Conventional Options


Payment over the bank counter or in-person payments have been the most widely used India credit card payment option. However, since it is not often possible for a cardholder to travel to a bank branch, most Indian banks offer the following easy alternatives: Cheque/draft drop boxes: These are located at multiple ATM outlets of a bank, thereby eliminating the need to travel far to a bank branch. Some banks also setup these drop boxes at various frequented locations. For instance, ABN Amro has setup drop boxes for credit card cheque payment at various Delhi Metro stations. Post/courier: Most credit card issuers accept cheque payments towards the card outstanding through registered post or courier. While making a payment through this mode, it is advisable to mail the cheque or draft at least three days before the payment due date to allow time for postal transmission