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Credit cards provide numerous advantages, including cashback, discounts, and reward points, particularly for shopping purposes. Given the wide array of options, selecting the most suitable shopping and rewards credit card may appear challenging for consumers. Nevertheless, by considering several key factors, one can identify the card that aligns seamlessly with one’s spending patterns, thereby enhancing their points accumulation and maximizing savings on purchases.
We have compiled a list of the top five credit cards that offer superior rewards and points for shopping activities.
Know How you Spend
It is essential to identify your primary areas of expenditure, whether they be groceries, fuel, dining out, or online shopping. Different credit cards offer varied rewards based on the type of expenditure. For instance, if you shop frequently on e-commerce platforms like Amazon or Flipkart, a co-branded card such as the Amazon Pay ICICI Credit Card may provide significant savings through exclusive offers and higher cashbacks.
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Compare Rewards
Some cards provide cashback on every purchase, while others offer reward points that can be redeemed later. For example, the SBI Simply Save Credit Card is ideal for those looking for high reward points on daily expenses such as dining and groceries.
Check Annual / Joining Fees
Most shopping and rewards credit cards come with a joining fee and annual maintenance charges. It is important to weigh these costs against the potential rewards you will earn. This can help you maximise the benefits without worrying about additional costs.
Look for Other Discounts
Many credit cards have partnerships with specific brands or e-commerce websites. These partnerships provide discounts or cashback when you shop with these merchants. Cards like the RBL Bank BankBazaar Savemax Credit Card offer exciting shopping deals with partner outlets. Make sure to pick a card that aligns with your favourite stores to optimize your savings.
Additional Perks
Some credit cards offer additional perks like airport lounge access, fuel surcharge waivers, or travel insurance, which could be a valuable bonus depending on your lifestyle. Always check for these extras as they can enhance the overall value of the card.
| Best Credit Cards for Shopping and Rewards 2024 | ||
| Credit Card | Category | |
| RBL Bank BankBazaar Savemax Credit Card | Shopping and Rewards | |
| Federal Bank VISA Signet Credit Card | Shopping and Reward Points | |
| SBI Simply Save Credit Card | Shopping and Rewards | |
| Amazon ICICI Pay Credit Card | Shopping and Rewards | |
| Yes Bank Finbooster Credit Card | Reward Points | |
| Compiled by Bankbazaar.com | ||
It is good to remember that you must pay your credit card bills on time to avoid affecting your credit score and your reward points due to delayed payments. Ontime payments and opting for the credit cards that give you higher reward points can help you save more money on shopping.
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