Question 1

How do I choose the best credit card in India?

Accepted Answer

Choose a credit card based on your spending habits. If you shop frequently online, pick a cashback card. For travel lovers, choose travel rewards cards with airline miles and lounge access. Consider annual fees, interest rates, reward points, and whether you'll use the benefits offered.

Question 2

What documents are required to apply for a credit card?

Accepted Answer

You'll need: Identity proof (Aadhaar, PAN card), Address proof (utility bills, rent agreement), Income proof (salary slips, bank statements for last 3-6 months), and passport-size photographs. Self-employed individuals may need ITR documents and business proof.

Question 3

What is the minimum salary required for a credit card?

Accepted Answer

Most banks require a minimum monthly income of ₹15,000-₹25,000 for basic credit cards. Premium cards like travel or cashback cards may require ₹50,000-₹1,00,000+ per month. Some student cards have no income requirement.

Question 4

How long does credit card approval take in India?

Accepted Answer

Instant digital approvals can happen within 5-10 minutes if you have a good credit score. Physical credit card delivery takes 7-10 working days. For detailed verification cases, approval may take 2-3 weeks.

Question 5

What credit score do I need for a credit card?

Accepted Answer

A credit score of 750+ is ideal for premium cards. Scores between 700-749 can get you most standard cards. Below 700, you may face rejections or higher interest rates. First-time applicants with no credit history may still qualify for entry-level cards.

Question 6

Are lifetime free credit cards really free?

Accepted Answer

Yes, lifetime free credit cards charge ₹0 annual fees forever, with no conditions. However, you may still pay interest on unpaid balances, late payment fees, foreign transaction fees, and cash withdrawal charges. Always read the fine print.

Question 7

Can I have multiple credit cards from different banks?

Accepted Answer

Yes, you can hold multiple credit cards from different banks. This can actually help your credit score by improving your credit utilization ratio. However, manage them responsibly and don't apply for too many cards at once as it may hurt your credit score.

Question 8

How do credit card reward points work?

Accepted Answer

You earn points on every ₹100 or ₹150 spent (varies by card). Points can be redeemed for cashback, products, vouchers, or air miles. Premium cards offer 2-10X points on specific categories. Points typically expire in 2-3 years if unused.

Question 9

What is the difference between credit card interest rate and APR?

Accepted Answer

APR (Annual Percentage Rate) is the yearly interest rate charged on unpaid balances, typically 36-48% p.a. in India. The monthly interest rate is 3-4%. You only pay interest if you don't pay your full bill by the due date. Always pay in full to avoid interest charges.

Question 10

Can I cancel my credit card anytime?

Accepted Answer

Yes, you can close your credit card anytime by calling customer care. Clear all outstanding dues, redeem pending reward points, and confirm zero balance. Note that closing old cards may slightly lower your credit score by reducing your credit history length.

Best Credit Cards in India 2025

ICICI Bank Emeralde Private Metal Credit Card

Amazon Pay ICICI Credit Card

HDFC Infinia Metal Edition

SBI Cashback Credit Card

Axis Bank Magnus Credit Card

HDFC Biz Black Metal Edition Credit Card

Kotak White Reserve Credit Card

HDFC Diners Club Black Metal Edition

HDFC Bank Millennia Credit Card

Kotak Solitaire Business Credit Card

Axis Bank Vistara Infinite Credit Card

SBI Card ELITE Business

HDFC Regalia Gold Credit Card

HDFC Tata Neu Infinity Credit Card

Axis Bank Flipkart Credit Card

SBI Card PRIME

HDFC Bank Swiggy Credit Card

HDFC Biz Power Credit Card

SBI SimplyCLICK Credit Card

ICICI Bank Business Advantage Black Card

Axis Bank Business Supreme Mastercard

Axis Bank ACE Credit Card

Kotak Biz Edge Credit Card

ICICI Bank MakeMyTrip Signature Credit Card

Axis Bank Atlas Credit Card

SBI IRCTC Credit Card

Kotak IndiGo 6E Rewards XL Credit Card

ICICI Bank Sapphiro Credit Card

ICICI Bank Emirates Skywards Rubyx Credit Card

HDFC Marriott Bonvoy Credit Card

HDFC Business Regalia Credit Card

SBI BPCL Credit Card

HDFC Flipkart Wholesale Business Credit Card

HDFC IndianOil Credit Card

HDFC Bank MoneyBack+ Credit Card

ICICI Bank HPCL Super Saver Credit Card

SBI Elite Credit Card

ICICI Bank Rubyx Credit Card

Kotak Cashback+ Credit Card

Kotak Air+ Credit Card

HDFC Tata Neu Plus Credit Card

Kotak PVR INOX Credit Card

Axis Bank Samsung Infinite Credit Card

SBI Miles Elite Credit Card

ICICI Bank Corporate Credit Card

Axis Bank My Zone Credit Card

SBI Air India Signature Credit Card

Kotak 811 Credit Card

HDFC Paytm Business Credit Card

Kotak IndianOil Credit Card

ICICI Bank Coral Credit Card

Kotak League Platinum Credit Card

HDFC PIXEL Play Credit Card

Kotak Royale Signature Credit Card

Axis Bank Indian Oil Premium Credit Card

SBI Vyapaar Unnati Business Card

SBI Simply SAVE Credit Card

Axis Bank MY Business Credit Card

Axis Bank Privilege Credit Card

myBiz ICICI Bank Business+ Credit Card

Kotak UPI RuPay Credit Card

myBiz ICICI Bank Business Credit Card

Axis Bank NEO Credit Card

HDFC Business MoneyBack Credit Card

HDFC Paytm Credit Card

ICICI Bank Manchester United Platinum Credit Card

SBI SimplySAVE RuPay Credit Card

Axis Bank Business Supreme Visa

Kotak Purchase Credit Card

ICICI Bank Platinum Chip Credit Card

Frequently Asked Questions About Credit Cards

How to Choose the Right Credit Card in India