Are You a Big Credit Card Spender? Check the Best Cards with Milestone Benefits
Milestone benefits are additional privileges that you can avail of on crossing a predetermined threshold of spending. These benefits may be spread across a variety of categories such as shopping, travel, entertainment and so on. Here is a list of the best credit cards in the market with fantastic milestone benefits
Best Credit Cards in The Market
- RBL Edition Classic Credit Card
RBL Edition Classic Credit Card offers 2000 ‘Edition Cash’ on an amount spent in excess of Rs 2 Lakh every year. One Edition Cash is equivalent to a rupee. Since this card is an Edition Classic card from Zomato it offers Five Edition Cash for every Rs 100 spent on dining or food delivery through the platform. Other benefits include Rs 500 as Welcome Bonus.
- HDFC Diners Club Privilege Card
HDFC Diners Club Privilege Card offers a cult. fit live membership of 1 month or BookMyShow or Tata CliQ or Ola Cabs vouchers amounting to Rs 500 every month on a minimum spend of Rs 40,000. It also offers complimentary yearly memberships of Amazon Prime, Zomato Pro, Times Prime etc. Also if the yearly spending exceeds Rs 5 Lakh the annual membership fee is also waived off.
- SBI Prime Credit Card
SBI Prime Credit Card offers e-gift vouchers worth Rs 7000 from Yatra.com or Pantaloons on breaching an annual limit of Rs 5 Lakh. It also offers a Pizza Hut e-voucher worth Rs 1000 on the spending of Rs 50,000 in a calendar quarter. The annual membership fee is waived off if the total spending is in excess of Rs 3 Lakh. Additional benefits include complimentary lounge access in airports: eight in India and four overseas. The annual fee is Rs 2,999 for the card. It is among the top SBI credit cards.
- Axis Vistara Signature Credit Card
Axis Vistara Signature Credit Card offers 3,000 reward cash value points on total spending amounting to Rs 75,000 made in the first 90 days of its issuance. It also offers bonus Club Vistara points and premium economy class tickets on attaining various milestones throughout the year. This includes premium economy class tickets up to four in number for attaining milestone spends of Rs 1.5 Lakh, Rs 3 Lakh, Rs 4.5 Lakh and Rs 9 Lakh respectively. The annual fee for this card is Rs 3,000.
- SBI Elite Credit Card
SBI Elite Credit Card offers up to 50,000 bonus reward points equivalent to Rs 12,500 annually. For the first 10,000 bonus points, the threshold of annual spending is Rs 3 lakh to Rs 4 Lakh. If the user spends Rs 5 Lakhs to Rs 8 Lakhs, he is entitled to 15,000 additional bonus reward points. The annual membership fee is waived off on spending upwards of Rs 10 Lakhs. The equivalent value of a reward point is Rs 0.25
The card comes with an annual membership of Rs 4,999.
- IDFC FIRST Millenia Credit Card
IDFC Bank has recently launched the FIRST Millenia Credit Card which provides cash backs on shopping and an interest-free period of 48 days in India and abroad when needed. Also, the card is completely free and has no annual or joining charges.
It offers a voucher of INR 500 for total spending of INR 15,000 within 90 days of activation. Each reward point on the card is worth Rs 0.25. Also, there is no upper limit for the accumulation of reward points.
- Axis Bank ACE Credit Card
This card gives a 5% cash back on payment of bills through Google Pay and the best part is that it does not have any upper or lower limits.
You also get scratch cards when paying from Google Pay for extra rewards. Also, there is a 4% cash back without any cap on Ola, Zomato, or Swiggy and a 2% cash back on any other payment made with the card.
It also comes with an INR 500 cashback Welcome Benefit on spending INR 90,000 within 90 days of issue.
The annual fee for the card is INR 499 + 18% GST, however, this is waived on an annual spend of INR 2,00,000.
- SimplyClick Credit Card
The simplyClick Credit Card is commonly called a basic point credit card for shopping online as it is economical when compared with others in the same category. It is highly suitable for users who are interested in saving and earning points by online shopping. This card covers most of the prominent shopping sites and offers good reward points. Utility bills can also be registered to ensure timely payments thereafter. Also, there are no hidden charges or other complexities.
You are also eligible for an Amazon.in gift voucher worth INR 500 as a Welcome Bonus.
The annual fee is INR 499 inclusive of taxes, which can be waived on total purchases of INR 1,00,000.
- HDFC Regalia Credit Card
The annual fee is a little expensive but you are entitled to 2500 reward points on payment of the annual fee. Every reward point is equal to 50 paise which means that you are able to get half the annual fee back as reward points.
Another important aspect is the insurance cover, which is INR 1 cr in case of accidental death in an aircraft crash if the credit card is used for booking the tickets and also a cover of INR 5 Lakh for hospitalization abroad which also makes it a good choice.
The annual fee is INR 2,500 +18% GST. This can however be waived off if the total spend in the first year exceeds INR 3 Lakh and it is renewed again in the next year.
- American Express SmartEarn Credit Card
This is considered to be the cheapest Amex Card and has features almost similar to all the other cards in the category.
It provides a cashback of INR 500 on initial spending of INR 10,000 within the first 90 days from the issue.
The annual fee is INR 495+ 18% GST, which is eligible to be waived off on total spending of INR 40,000 during the year.
