Credit Cards For Shopaholics: How To Shop More And Earn Cashbacks?

Multiple banks and financial institutions partner up with quick commerce entities and provide customers with special benefits for shopping online

With the festive season starting soon, shopping becomes a necessity rather than a want for people. However, the festive atmosphere pushes individuals to increase their spending in the markets and this results in shops, bazaars, and malls becoming too crowded. This can hinder the shopping experience for an individual and make the activity a really tiring one.

Online shopping comes to the rescue here. With the advent of quick commerce and e-commerce platforms, customers are increasingly depending on apps like Myntra, Swiggy, Nykaa, Blinkit, etc to satisfy their shopping urges from the comfort of their homes. 

In addition to comfort, online shopping also provides attractive deals and discounts to customers and allows them to build their points history with each purchase. Credit cards, in particular, help make online shopping not only attractive but also economical. Multiple banks and financial institutions partner up with quick commerce entities and provide customers with special benefits for shopping online.

Let’s take a look at the top 5 credit cards in the market that can help make your festive shopping not only fun but also economical, as compiled by Paisabazaar.com. 

Cashback SBI Card

This card provides users the opportunity to earn cashback on both online and offline transactions. With a joining and annual fee of Rs 999 each, users can earn 5 per cent cashback on online purchases and 1 per cent on offline purchases. The primary feature of this card is it comes with no merchant restriction.

Amazon Pay ICICI Credit Card

This credit card charges no joining or annual fee from customers and offers benefits for expenses done on Amazon. The card is apt for Amazon Prime members and gives them the advantage of earning up to 5 per cent in cashback on their transactions done via Amazon. Non prime members can earn up to 3 per cent cashback on spending done via Amazon. 

Axis Bank ACE Credit Card

This credit card charges users a minimal annual fee of Rs 499, along with a joining fee of the same amount. Users can earn cashback of 1.5 per cent on all transactions done via the card, and 5 per cent cashback on bill payments, and mobile recharges done via Google Pay. Any transactions done on Swiggy, Zomato, and Ola provide users with a cashback of 4 per cent.

HDFC Millennia Credit Card

This card is specifically designed to benefit millennials and provides up to 5 per cent cashback on online purchases and 1 per cent on offline transactions. This cashback however comes in the form of Cash Points which are eligible to be redeemed against the credit card statement at a raito of 1:1. The joining and annual fee for this card is Rs 1,000.

HDFC MoneyBack+ Credit Card

With a minimum fee of Rs 500, this card provides benefits via Cash Points, redeemable against cashback at a 1:1 ratio. Customers can also earn up to 10x reward points on certain brands like Amazon, Flipkart, Swiggy, Reliance Smart SuperStore, and Big Basket, and 5x reward points on EMI payments. It also awards users gift vouchers worth up to Rs 20,000 in a year as milestone benefits. 

Now that you are aware of the top options in the market, apply for a credit card that suits your shopping habits and financial needs. However, be sure to conduct your due diligence before choosing the credit card and always pay your dues in time to avoid any penalties.