Shopping Credit Card

Best Shopping Credit Cards

Shopping credit cards are a must in today's world. They offer a lot of benefits to the customer, like discounts, cashback, offers, and incentives. Whether you use them in-store or online, they give you the freedom to shop at any time without the concern of immediate payments. Shopping credit cards have brought the stores closer to you and made shopping far more convenient than before.

Here are a few popular credit cards which are ideal for shopping:

Some of the Top Shopping Credit Cards in India 2023

1. Axis Ace Credit Card

The Axis Ace Credit Card is one of the best cashback cards offered in the country. Here are some of its key highlights:

• An annual fee of ₹499 is applicable on this credit card. In the first year, it is reversed if you spend more than ₹10,000 within 45 days of issuance.

• 5% cashback is received on bill payments, DTH recharges, and mobile recharges done through Google Pay.

• 4% cashback is received on platforms like Swiggy, Zomato, and Ola.

• 2% cashback is available on all other spending.

• Up to 20% is off at 4,000+ partnered restaurants.

• 4 complimentary domestic airport lounge visits can be enjoyed in a year.

• 1% fuel surcharge is waived across all fuel stations up to ₹500 per month.

• You can convert transactions over ₹2500 into EMIs.

• There is no upper limit on the cashback that can be earned through the card. 

2. Flipkart Axis Bank Credit Card

The Flipkart Axis Bank Credit Card is one of the best co-branded cards to fulfil all your shopping needs on the e-commerce platform Flipkart. Here are some of its key highlights:

• An annual fee of ₹500 is applicable on this card.

• ₹1100 worth of welcome and activation benefits are assured upon joining.

• 5% cashback on shopping with online shopping platforms like Myntra and Flipkart is available for you.

• 4% cashback can be received on shopping with other preferred merchants like Uber, PVR, Cleartrip, etc.

• 1.5% cashback is attainable across all other categories.

• Up to 20% is off at partnered restaurants.

• 4 complimentary domestic airport lounge visits can be enjoyed in a year.

• 1% fuel surcharge is waived up to ₹400 per month.

• You can convert transactions over ₹2500 into EMIs.

3. Amazon Pay ICICI Credit Card

If you shop most of your items from Amazon, the ICICI Amazon Pay Credit Card is best for you. The more you spend on Amazon, the more cashback you will get. Some of the key highlights of this card are the following:

• There is no joining or annual fees.

• There is no limit or expiry date on the rewards earned.

• Amazon Prime users can get a cashback of 5% on physical goods purchased at Amazon and 2% on digitally fulfilled categories, physical and digital gift cards, e-books, etc.

• Non-Amazon Prime users can get a cashback of 3% on physical goods purchased at Amazon and 2% on digitally fulfilled categories, physical and digital gift cards, e-books, etc.

• You can earn a cashback of 2% on 100+ Amazon Pay partner merchants by making use of this card from your Amazon Pay wallet.

• 2% cashback can be earned by paying bills and recharge.

• You will earn a cashback of 1% on all other payments.

• You can benefit from no-cost EMI for a tenure of 3 and 6 months.

• You get a fuel surcharge waiver of 1% each time you refuel.

4. HDFC Millennia Credit Card

Millennials who enjoy shopping online and want a credit card that rewards them for their purchases can take advantage of HDFC Millennia Credit Card. Here are some of the main highlights of this credit card:

• The annual fee is ₹1000.

• 1,000 reward points are awarded on payment of the membership fee.

• ₹1,000 gift voucher is available on spending at least ₹1 Lakh each calendar quarter.

• Enjoy a cashback of 5% when you shop from Flipkart, Swiggy, Amazon, Cult.fit, Uber,  Myntra, Tata CLiQ, Sony LIV and Zomato.

• Earn a cashback  of 1% on all other payments.

• Enjoy  complimentary domestic lounge access 8 times per calendar year (2 every quarter).

• 1% fuel surcharge is waived up to ₹250 per month.

5. SBI SimplyCLICK Credit Card

If SBI’s partner brands happen to be your choice of shopping preference. Here are the key highlights of the SBI SimplyCLICK Credit Card:

• An annual fee of ₹499 is applicable on this card.

• ₹500 worth of Amazon card will be gifted upon joining.

• 10x reward points will be earned on online spending with partner brands like Apollo24x7, BookMyShow, Cleartrip, Eazydiner, Lenskart, Netmeds, etc.

• 5x rewards are available on all other spending.

• Enjoy cash withdrawal of up to 80% of the credit limit.

• The expense of ₹2,500 or above can be converted into EMIs.

6. Standard Chartered DigiSmart Credit Card

The Standard Chartered DIGISmart Credit Card offers the best discounts on multiple brands across various categories like shopping, travel, and food. Below are some of its main highlights:

• An annual fee of ₹49 is charged monthly.

• 10% is off on buying groceries online through Grofers (now Blinkit) 5 times in a month (Max. discount ₹1,000).

• 20% discount up to a maximum discount of ₹700 once a month is given when shopping on Myntra.

• 10% discount is given on Zomato 5 times a month.

• 15% cashback is given on booking Ola Cab rides up to a maximum cashback of ₹600 per month.

• Up on buying 1 ticket, get 1 ticket free on Saturdays and Sundays at INOX.

• Up to 25% is off on Yatra for select categories.

7. HSBC Cashback Credit Card

The HSBC Cashback Credit Card is a good card to earn unlimited cash back and rewards with purchases made on Amazon. Here are some of its key highlights:

• The annual fee is ₹750.

• 1.5% cashback is gained on all online spending.

• 1% cashback is gained on all other spending.

• There is no maximum cap on cashback.

• Cashback on Instant EMI can be earned, as long as it is used at partner merchants stores/websites.

• Cashback is credited within 45 days of the card statement date.

• Up to 15% discount is offered at restaurants partnered with HSBC Bank.

Types of Shopping Credit Cards

There are different types of shopping credit cards available in India. Read the list below:

1. Shopping Credit Card with Rewards

There are certain shopping credit cards that provide reward points on transactions. You can accumulate credit card reward points and redeem those points later. For example, the HDFC MoneyBack Credit Card and the SBI SimplyCLICK Credit Card.

2. Shopping Credit Card with Cashbacks

Other variants of shopping credit cards extend attractive cashback offers on shopping across categories such as apparel, electronics, and more. For example, the Axis Ace Credit Cards and the Amazon Pay ICICI Credit Card.

3. Shopping Credit Card with Discounts

Lastly, there are specific shopping credit cards that have tie-ups with merchant stores. If you purchase from the partner stores with these credit cards, you can get amazing assured discounts. For example, the Axis Bank Buzz Credit Card.

Remember, the type of shopping credit card available in the market can differ from bank to bank. Sometimes, you can come across credit cards that pack a combination of rewards, cashback, or discounts.

Features & Benefits of Shopping Credit Card

To get the maximum benefit from your shopping credit card, you must know the features and benefits beforehand. Read on to find some of these.

1. Reward Points

You can earn rewards points on shopping, movie tickets, dining, etc., on a shopping credit card. Accumulate and redeem these points later to buy your favourite products/services.

2. Welcome Benefits

You can get welcome benefits in the form of vouchers across categories such as movies and travel after obtaining a shopping credit card.

3. Fuel Surcharge Waiver

You can enjoy a fuel surcharge waiver on specific amounts of fuel spent with a shopping credit card.

4. Discounts

You can get assured discounts or offers on shopping credit cards, especially on your dining expenses at partnered restaurants in major cities.

Eligibility Criteria & Documents Required for Shopping Credit Card

You must fulfil the following eligibility criteria to avail a shopping credit card:

1. Eligibility Criteria for Shopping Credit Card

• Nationality: You must be a citizen of India.

• Age: Your age must be at least 21 years.

• Employment Status: You must either be salaried or self-employed.

• Credit History: You must have a good credit history.

2. Documents Required to Apply for a Shopping Credit Card

Keep the following list of documents handy while applying for a shopping credit card:

• Proof of Address: Aadhaar card/passport/utility bills for the previous 3 months/driver’s licence/property registration documents/ration card/NREGA-issued job card or any other photo ID card issued by the government.

• Proof of Identity: PAN card/Aadhaar card/ driver’s licence/ voter’s ID card/ passport/ NREGA-issued job card/ or any other photo ID card issued by the government.

• Proof of Income: Latest Form-16, salary slips for the last 3 months, or bank statement for the last 3 months.

• Duly signed in application form.

• Passport-size photograph.

How to Apply for a Shopping Credit Card

To apply online for a shopping credit card, follow these steps:

• Step 1: Visit the official website of Bajaj Markets.

• Step 2: Fill in the essential details to check your eligibility.

• Step 3: Check out the different shopping credit cards available and compare the products.

• Step 4: Select the best shopping credit card.

• Step 5: Fill out the application form and submit it.

How to Use Credit Card for Online Shopping

With a shopping credit card, you can purchase electronics, luxury items, groceries, and more with a few simple clicks. Follow the steps mentioned below to use a shopping credit card online:

• Step 1: Choose the website from which you want to make a purchase and select the item(s).

• Step 2: Click on ‘Add to Cart’ or ‘Add to Bag’ option and add the item(s).

• Step 3: Move to the ‘Check-out’ page of the online platform.

• Step 4: Next, enter shipping details including your name, address, contact number and Pin code, landmark. You can choose the same address as your ‘billing address’ or submit a different one.

• Step 5: Then, click on ‘Choose Payment Methods’ and select ‘Credit Card’ from the options available. Enter details such as credit card number, expiry date, credit card CVV number, etc.

• Step 6: After submitting the details, you will be directed to a payment gateway. Next, you will receive an OTP to confirm the transaction. Enter the OTP and the transaction will be successful.

Why Choose a Shopping Credit Card

Shopping Credit Cards are specific credit cards which offer several features that reward you every time you shop. Whenever you shop for clothes, groceries, etc., with the card, you receive cashbacks or reward points. In short, every purchase you make with the card allows you to gain points. These received points can then be redeemed later at a variety of stores.

How to Choose the Right Shopping Credit Card?

If you’re planning on getting one in the near future, it is important to ensure that you get the best credit card for shopping. But how do you do that? It is simple. All you need to do is keep the below-mentioned factors in mind when picking out a shopping credit card.

1. Your Requirements

The kind of shopping credit card that you would have to opt for primarily depends on what you plan to use it for. For instance, if you’re someone who shops regularly on e-commerce websites, you might want to consider getting the best credit card for online shopping. For example, Amazon Pay ICICI Bank Credit Card caters to those who extensively shop on Amazon. 

In comparison, HDFC MoneyBack Credit Card and the SBI SimplyCLICK Credit Card are generally preferred by those who want gift vouchers, reward points, etc. If you are someone who frequents airports, credit cards that provide exclusive lounge access can be a fit for you.

2. Annual Fees

The fee that you have to pay towards a credit card each year also varies depending on the type of shopping credit card you opt for. Generally, the annual fee for such cards starts from ₹49 and goes up to ₹1,000. There are also some cards for which the fees begin only after the 2nd year or later.

 In addition to this, you can also find a few lifetime-free shopping credit cards. Therefore, when opting for a card, thoroughly examine if the annual fees are worth the benefits, reward points and discounts they provide.

3. Welcome Bonuses

Many shopping credit cards offer welcome gifts when you spend a certain amount within a few days from card activation. These gifts can either be in the form of bonus reward points or e-vouchers. Choosing such credit cards allows you to maximise the benefits you can receive from them. 

However, these are often one-time rewards. You should be cautious of credit cards that attract you with generous welcome bonuses but don’t offer much in terms of benefits and have a high annual fees.

4. Rewards

The rewards that you stand to enjoy may vary from one card to another. Vouchers from well-recognised brands like Cleartrip, BookMyShow, Amazon, Flipkart, Tanishq, Myntra, etc., are often given. Other benefits include a fuel surcharge waiver, discounts at partner restaurants, and many more such rewards. Many brands exclusively partner with credit card companies. Therefore, it is important to choose a card that offers rewards that are in line with your needs and requirements.

5. Credit Card Fees and Charges

When choosing the best credit card for shopping, always make sure to check the various charges applicable on the card. You should watch out for any hidden charges. The most common fee is the annual maintenance charge. Other such charges include cash advance fees (applicable for cash withdrawals from ATMs) and GST (levied on the annual fees, interest payments and processing fees). It is always advisable to opt for a card that comes with low fees.