The top five credit cards of 2023
Credit cards offer security, reliability, and instant fund access. They are always in demand, and as a result, banks and financial institutions provide a range of credit cards with shopping, travel, and entertainment benefits.
However, every credit card has unique features that may or may not fit your needs. Choosing the best credit card for your lifestyle needs is essential to derive its benefits. On that note, here are the best credit cards in India in 2023.
- IDFC FIRST Bank FIRST WOW! Credit Card
The IDFC FIRST Bank WOW! Credit Card is a premium deposit-backed credit card offering extensive benefits to cardholders. There is no joining or annual charge for the credit card application, and you can enjoy 4X rewards on every credit card expense. In addition to the lowest interest rates starting at 0.75% per month, you get welcome bonuses, including a 5% rebate, up to ₹1000, on the first EMI.
You can also get a 1% fuel price waiver at your nearest petrol pumps, up to ₹200 every month. The IDFC FIRST Bank WOW! Credit Card offers personal accident cover of ₹2,00,000 and lost card liability coverage of ₹25,000. Foodies can get up to 20% off at over 1500 restaurants, and the health-conscious crowd will really enjoy the 15% off at over 3000 health and wellness stores.
- IDFC FIRST Bank FIRST Millennia Credit Card
The FIRST Millennia Credit Card from IDFC FIRST Bank is specifically designed for young professionals and millennials. You get fantastic merchant discounts, online shopping offers, and arguably the lowest interest rate in the market. If you are smart with your spending, FIRST Millennia Credit Card's reward program is capable of covering almost all your credit card expenses for the month. You receive up to 10X rewards (which never expire) on each spending above ₹20K per month and on your birthday.
In addition, the card does not include any annual charges and offers the most affordable interest starting at 0.75% per month, with interest-free cash withdrawals.
- IDFC FIRST Bank FIRST Classic Credit Card
If you are looking for a rewarding credit card, go with the FIRST Classic Credit Card. It is free for life, meaning you don't have to pay an annual membership charge whatsoever. You earn extensive rewards on each card expense, including up to 10X rewards on incremental spending of ₹20K per month, 6X rewards on online shopping, and 3X rewards on offline expenses.
Moreover, the card includes a 25% discount on movie tickets, complimentary access to railway lounges, and free roadside assistance. For your financial security, you also get personal accident cover worth ₹2 lakhs and lost card liability of ₹25,000.
- IDFC FIRST Bank FIRST Select Credit Card
The FIRST Select Credit Card comes with premium features, extended reward programs, and travel benefits throughout the year. It is one of the market's most affordable premium credit cards, with zero annual membership fees and the lowest interest rates.
As a cardholder, you get attractive travel benefits such as free domestic airport and railway lounge access, a Forex markup fee of 1.99% for all international transactions, and interest-free cash withdrawals (Domestic & international) for up to 48 days. It also provides an air accident cover of ₹1 crore.
In addition, you get exclusive Visa offers, such as airport transfers and concierge services.
- IDFC FIRST Bank FIRST Wealth Credit Card
The FIRST Wealth Credit Card offers attractive travel benefits, exclusive lifestyle privileges, and an evergreen reward program. As a cardholder, you can enjoy access to premium domestic and international airport lounges and spas, including best in class forex markup fee of just 1.5%.
When booking your trips with the FIRST Wealth credit card, you get comprehensive travel insurance, air accident coverage, and interest-free cash withdrawal anywhere in the world. Additionally, you get exclusive access to premium Visa offers, including golf course access, lost card liability and a range of other lifestyle privileges.
You can choose the most suitable credit card depending on your expense type and financial requirements. Ensure to go through the terms and conditions to have a hassle-free sign-up and enjoy all the benefits.
(Disclaimer: Devdiscourse's journalists were not involved in the production of this article. The facts and opinions appearing in the article do not reflect the views of Devdiscourse and Devdiscourse does not claim any responsibility for the same.)
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