One of my subscribers sent me a message yesterday. He asked me: ‘Please tell me best credit cards for beginners in 2024.’ And then I thought, “This same question might concern a lot of people.” »
So I am here to guide you.
In this blog I will discuss which credit cards are best for beginners and explore 4 best credit cards for total beginners, which are considered the best in terms of features.
Whether you’re looking to get your first credit card or already have one, these four credit cards are worth considering. I will review each credit card one by one and discuss their features. In the end, I will conclude which credit card is the best of the four.
So, let’s get started.
Best Credit Cards 2024
1. BPCL SBI Card Octane
Bharat Petroleum Corporation Ltd and State Bank of India collaborate to present an incredible credit cardoffering exclusive benefits on fuel and groceries.
Every household needs gas for their vehicle and groceries for the kitchen. This credit card not only saves your money but also allows you to fully utilize its features.
But you can only benefit from these amazing cashback features by using Bharat Petrol Pumps to fill up your petrol.
Welcome Benefits
Membership fees for this credit card is Rs. 1499/-, but with Welcome Benefits, this card is FREE. How?
Let me tell you. When joining and activating the card, 6000 bonus reward points will be credited to your account. 4 reward points equal Rs. 1. Therefore, 6,000 reward points equal Rs. 1500.
And I will also tell you how to waive the annual fee of this card, which is Rs. 1499/-
Cash back on fuel
According to SBI, this card gives you 7.25% cash back on your fuel expenses, but I won’t consider this cashback as 7.25%. I will say 6.25% + 1% because 1% corresponds to exemption from the fuel surchargewhich is offered by almost all banks.
So I will consider 6.25% cashback, and believe me, 6.25% is much better than any credit card available in the market.
When you spend Rs. 100 on petrol, the BPCL SBI Octane card gives you back Rs. 100 on petrol. 6.25, and this feature makes this card one of the best credit cards.
Cashback on Bharat Gas App
You can also benefit from a 6.25% Cashback on Bharat Gas Mobile App or Web. You can order gas bottles, lubricants, etc. from this application. Here you can get Rs. 999. 6.25 (25 reward points) on spending Rs. 100.
A maximum of Rs. 125 can be earned from Bharat Gas (app or web) per billing cycle.
Cash back on rides and movies
Another significant advantage credit card is a cashback of 2.5% on every Rs. 100 spent at restaurants, department stores, cinemas and grocery stores. You can earn a maximum of 7,500 reward points per month which is Rs. 1875.
Benefits of Airport Lounges
- 4 free visits per year for domestic salons.
- Maximum 1 visit per quarter.
Fee waiver
If you spend Rs. 2 lakh per year, the annual fee for the next year is renounced.
Boundaries
As per the terms and conditions of this credit card, a maximum of 2,500 reward points per billing cycle or Rs. 625 per billing cycle can be saved.
The maximum cashback of Rs. 625 can be used only if your vehicle’s monthly fuel consumption is Rs. 625. 10,000, i.e. when you spend Rs. 10,000 on fuel, you will earn Rs.625.
So if your monthly fuel expense is more than Rs. 10,000the only solution is to have 2 bank cards.
You can benefit from it in the name of your wife, your children or your parents. But trust me, no fuel credit card in the market can give you 6.25% cashback. Additionally, you can get 1% surcharge waiver for any transaction up to Rs.
2. ICICI Amazon Pay Credit Card
This credit card offers a package 5% cash back (to Prime members) on any transaction made via the Amazon app. There is no maximum limit for cashback.
There is no membership and annual fees for this card. However, this card offers advantages exclusively to Amazon Preferred Memberswhich costs Rs. 1499/- per year.
Amazon Prime subscription also offers additional benefits:
- Early access to seasonal and occasional sales.
- Free access to Amazon Prime Video, Music and Gaming.
- Fast and free one-day delivery options on the Amazon app.
If you do not want to invest in Amazon Prime subscriptionyou can still enjoy the benefits of this credit card. Non-Prime members can enjoy unlimited 3% cashback with ICICI Amazon Pay credit card.
In summary, having a Prime membership allows you to benefit from 5% cashback, while non-Prime members can still benefit from 3% cashback with no maximum cap.
Cash back on Amazon Pay
If you transact using Amazon Payyou can enjoy a 2% cash back. Amazon Pay service works as a payment service, similar to BHIM UPI or Paytm.
You can use it to pay your postpaid and utility bills, recharge your mobile and even Scan & Pay at various merchants. Additionally, you have the option to send gift cards to your parents and friends.
Boundaries
- No cashback is applicable on EMI or no-cost EMI options.
- No cash back is provided on the purchase of fuel, gold, silver or any other precious metal.
More reading:
3. Flipkart Axis Bank Credit Card
The membership fee for this credit card is Rs. 499, and the cashback offer on this card is the same as on the ICICI Amazon Pay Credit Card. If you make purchases using this credit card on Flipkart, you will earn 5% cashback.
You can also earn 4% cashback on transactions on other platforms like Cleartrip, Cure.fit, PVR, Swiggy, Tata Play and Uber.
Please go through Flipkart Axis Bank Credit Card Terms and conditions before making purchases from these partners, as their preferred partners may change from time to time.
There are certain transactions for which cashback is not available:
- Fuel expenses
- Buying Gift Cards on Flipkart & Myntra
- EMI Transactions
- Purchases converted into post facto EMI
- Wallet loading operations
- Buying jewelry
- Payment of outstanding loan balances
- Paying Card Fees and Other Card Fees
- Rent payments
- Insurance Services
- Payment of utility bills (like water, postpaid, electricity, etc.)
- Educational Services
Welcome Benefits
Upon registration and activation, you will receive a Rs. 999.600 voucher, which is Rs. 500 for use on Flipkart and Rs. 500.100 for use on Swiggy.
Waiver of annual fees
The annual fee for this card is Rs. 500, which can be waived if your annual spend is more than Rs. 3.5 million. Please note that rental operations And wallet transactions will not be eligible for spending taken into account to benefit from the exemption from annual fees.
Benefits of Airport Lounges
You can benefit from 4 free lounge visits per year at certain airports.
Boundaries
The significant difference between the ICICI Amazon Pay Credit Card and Flipkart Axis Bank Credit Card is that you will not earn any cashback if you book flights, hotels and buy medicines from Flipkart using Flipkart Axis Bank Credit Card.
Here is the corrected sentence:
But still, other features like unlimited 5% cashback on purchases made from Flipkart using this card make this card one of the best. best credit cards on the market.
