#FinancialBytes: Love shopping online? Here are 5 credit-cards for you
Credit cards have become an essential part of our financial lives and are one of the most widely-used cashless payment methods. There are various types of credit cards but those that cater to people who love to shop online are gaining popularity. These cards offer reward points, exclusive discounts, deals, and cashbacks for online purchases. Here are 5 best credit cards for online shopping.
SBI SimplyCLICK Advantage Credit Card is one of the best options for those who love shopping online. There's an annual fee of Rs. 499. Customers receive Rs. 500-worth Amazon gift-card as a welcome gift. Cardholders earn 1 reward point for every Rs. 100 spent. For online transactions on Amazon, Cleartrip, Foodpanda, Lenskart, BookMyShow, UrbanClap, customers earn 10X points (5X points for other online spends).
Axis Bank's Neo Credit Card is among the most popular cards for online shopping. It comes with a joining fee and annual fee of Rs. 250. Benefits include gift vouchers from Amazon, Jabong, Myntra, and BookMyShow. Customers can earn 2 reward points for every Rs. 200 spent and enjoy 10% discount on online shopping (select websites)/recharges/movie tickets, 15% off on dining (Dining Delights), etc.
HDFC Bank's MoneyBack Credit Card is another good card for online shoppers; it offers good rewards for online transactions. It has a joining fee of Rs. 500 and annual fee of Rs. 500. Cardholders can earn 4 reward points for every Rs. 150 spent online (2 points on other spends). Accumulated points can be redeemed as cashback. Customers can enjoy 1% fuel surcharge waiver.
Coral American Express Credit Card is another preferred option for online shopping. It comes with a joining fee and annual fee of Rs. 500 (from second year). Cardholders can earn 2 PAYBACK points for Rs. 100 spent (except fuel) and enjoy 100% extra rewards (4 points) on online spends. Other benefits include 15% off on dining (Culinary Treats), free movie tickets, 1% fuel-surcharge waiver.
With an annual fee of Rs. 1,000, Citi Rewards Credit Card is another good option to earn reward points redeemable for online shopping. Customers receive 2,500 reward points on card activation. They earn 1 point for every Rs. 125 spent; 10X points for spends on apparel/department stores and select partners. With lifetime validity, these points are redeemable for fuel, online/offline shopping, cashback, vouchers, etc.