Best credit cards for online discounts in India
Credit cards for online shopping are in greater demand as more people opt to shop online instead of in brick-and-mortar stores. The majority of people buy everything online, including groceries and devices. It can be challenging to find the best credit card for online shopping. Here are the best credit cards for online shopping curated for you.
Credit cards for online shopping are essential if you prefer online shopping over in-store shopping. These cards offer extra benefits on online purchases such as cashback, rewards, or direct discounts. Some of these cards offer value-back across all categories and merchants, while others are co-branded with popular shopping platforms like Flipkart and Amazon.
You may find it difficult to decide which credit card is right for you with so many options available. You can save a considerable amount on your online shopping expenses by finding the best credit card for online shopping that's right for you. Listed below are the best credit cards for shopping in India to help you make the right decision.1. Flipkart Axis Bank Credit Card
Flipkart Axis Bank Credit Card is the first card in this list since Flipkart and Myntra are among the most popular online shopping platforms in India. Although the highest earnings on the card are limited to these two platforms, you will also earn generous cashback at some preferred merchants. It is one of the best cashback cards in India because it offers flat 1.5% cashback on all other purchases online and offline. Key Features:
Should you get this card?
Those who regularly shop online, especially at Flipkart, Myntra, and other preferred merchants, should consider this credit card. You will only earn 1.5% cashback on all other purchases. Therefore, if you are looking for benefits only on Flipkart and Myntra for a low annual fee of Rs. 500, this could be a good option. 2. Amazon Pay ICICI Credit Card
The Amazon Pay ICICI Credit Card is another popular co-branded online shopping card. Members of Amazon Prime get the highest cashback of 5% on Amazon purchases, while non-prime members get only 3%. You should have this lifetime-free credit card if you make most of your Amazon purchases and want to get generous rewards. Key Features:
Should you get this card?
If you buy frequently on Amazon and are an Amazon Prime member, this entry-level card is best for you, since you can save a significant amount on shopping online. However, the card offers only 1% cashback for other online and offline transactions, which is quite low compared to other cards in this category. 3. Cashback SBI Card
Cashback SBI Card offers cashback benefits on all online transactions without any merchant restrictions, unlike the first two cards, which are co-branded with popular online shopping platforms. Additionally, 1% cashback will be offered for offline transactions and utility bill payments. Key features:
Should you get this card?
This card's best feature is its high cashback rate for all online purchases without merchant restrictions. Because of this, it is suitable for those who prefer online shopping over offline purchases without limiting their earnings to a few brands. When the card is used wisely, its benefits will easily outweigh the fee, even though the annual fee is on the high side. A Renewal Fee of Rs. 999 + tax is applicable from 2nd year onwards. 4. HDFC Millennia Credit Card
It was designed specifically for millennials, as its name suggests. If you enjoy shopping online and want to earn reward points on your purchases, this is a good option for you. With this credit card, you can earn up to 5% Cash Points on your online transactions and 1% cashback on other purchases. Key Features:
Should you get this card?
You should consider HDFC Millennia Credit Card if you frequently shop online, especially on Flipkart, Amazon, Myntra, etc. This card does not offer direct cashback; instead, cardholders receive Cash Points, which can be redeemed for flights or hotels through the SmartBuy Portal or for direct statement credit in a 1:1 ratio. Travel bookings, however, will result in a lower conversion rate. 5. Standard Chartered DigiSmart Credit Card
A unique online shopping credit card offered by Standard Chartered, the DigiSmart Credit Card offers no reward points or cashback but direct discounts on select brands such as Ola, Myntra, Blinkit, INOX, Zomato, and Yatra. Moreover, instead of an annual fee, this credit card charges a monthly fee of Rs. 49, which is waived when you spend Rs. 5,000. Key Features:
Should you get this card?
Several brands from travel, shopping, and other categories are eligible for a significant discount with the Standard Chartered DigiSmart Credit Card. Therefore, if you are loyal to any of the above-mentioned brands, then you should apply for this credit card. The card does not offer any benefits other than those related to select brands, so it may not be a good option if you want to get benefits for all kinds of online shopping. 6. Airtel Axis Bank Credit Card
Airtel Axis Bank Credit Card can be the right choice for Airtel customers. Cashback, discounts, and vouchers are available not only for transactions made via the Airtel Thanks App but also for other purchases. You can also get offers from BigBasket, Zomato, and Swiggy. Key Features:
Should you get this card?
If you prefer cashback over rewards and miles, this card is perfect for you. However, if you wish to apply for an Axis Bank card that offers cashback, you can also apply for the Axis Ace Credit Card, which offers 2% cashback on all spends. 7. HDFC Regalia Credit Card
Regalia was HDFC's top premium credit card for a considerable period. Regalia is still important because it is less expensive than other premium cards and offers almost all of the features of the bank's other cards. If you frequently fly, shop online, and eat out, this premium credit card is perfect for you.Key Features:
Should you get this card?
The HDFC Regalia Credit Card is one of the most popular premium credit cards on the market. The card offers several benefits, but it is primarily designed to help you save on travel and retail purchases. You can earn good reward points if you spend a lot via a credit card. Additionally, if you are a frequent traveller, you can take advantage of the benefits.Final Thoughts
This was a list of some of the best credit cards for online shopping. Choosing a credit card is all about analyzing your spending habits and choosing one with the best cashback on the categories that you like most. To do so, you should calculate what percentage of your credit card bill each spending category represents. You can choose the best credit card with the help of this article.
