When it comes to travel, we are always looking for coupons and cash backs to keep travel costs to a minimum. But if I say, you can travel for free? With the travel credit cards below, you can get free flights, hotels, lounge access and more.
Credit cards have many advantages. You can easily obtain financial benefits by using credit cards if you know them thoroughly. At the same time, however, you can spend too much, you can go into debt if you do not know how to use them properly. Credit cards eliminate the burden of carrying money at all times for various reasons, such as traveling, shopping, household purchases, and so on. You have to choose the credit card very judiciously because the characteristics differ according to the objectives.
I have listed these cards for domestic travel, if you are looking for the best cards for traveling abroad, check out 7 best credit cards for international travel. Here are some of the best credit cards for domestic travel,
Factors to consider before taking a travel credit card
credit cards being essentially a short-term loan, it is important to know and compare the interest rates they carry. The impact of the interest rate occurs when you do not pay your bills on time and the amount due begins to increase each month.
Annual Fees and Participation Fees:
Many credit cards have an annual fee, especially in the case of premium cards. Before choosing a card, see if it is accompanied by strings.
Reward Points: All card issuers these days offer Reward Points or Rebate Benefits on their credit cards. Check if the benefits offered on a map are in sync with your spending routine or requirements.
So, if you’re getting ready for your favorite vacation destinations, always consider the credit cards that offer the best travel rewards that can help you save money on airline, hotel and travel bookings. Depending on the salary bracket, the interest rate, the annual charges and other factors, here are the top five major travel credit cards in India:
Best Travel Credit Cards in India:
1. American Express Platinum travel credit card
This card offers great benefits to frequent fliers and you can access the benefits of lounges all over the world through Priority Pass.
Annual Fee: The annual fee for the first year is Rs 3500. Second year onwards the fee is Rs 5000.
- They offer welcome gift voucher of Rs 5000 Milestone Bonus Membership Reward Points which are redeemable for Indigo Vouchers (worth Rs. 4000)
- On an annual spending of Rs 1.90 Lac, one gets an indigo voucher more than worth Rs 7,700.
- On an annual spending of Rs 4.00 Lac, one gets an indigo voucher more than worth Rs 11,800.
The card charges a joining fee of Rs. 3,500 for the first year followed by annual fee of Rs. 5,000 from the second year onwards.
|Joining Fee||Rs. 3,500 plus applicable taxes|
|Annual Fee||Rs. 5,000 plus applicable taxes|
|Supplementary Card Fee (per annum)||Nil for up to 2 cards|
|Interest Free Period||52 Days|
|Surcharge on Purchase of Railway Ticket||1.8% of the transaction value if booked on the internet (IRCTC) subject to a minimum of Rs. 10|
|Record of Charge/ Summary of Charge Retrieval Fee||Rs. 100 per Retrieval|
|Free Credit Period||Nil|
|Cash Advance Charges||3.5% of the Cash Advance amount, subject to a minimum of Rs. 250|
|Duplicate Statement Fee||Rs. 100 per statement for statements older than 3 months|
|Cheque/ECS/NACH Return Fee||Rs. 250 per Returned Instrument|
|Overlimit Charges||Rs. 500|
|Foreign Currency Transactions||Currency Conversion Factor Assessment: 3.50%|
|Points/Miles Reinstatement Fee||Rs. 200 per reinstatement|
2. Axis Bank Vistara Credit Card
This offer offers special discounts on travel with the next Vistara airline, meals and a host of other expenses using this card. They also allow you to make payments via easy EMIs in case you make large purchases, but you can not pay immediately.
- Joining fees and annual fees of Rs. 1500 for the Axis Bank Vistara credit card
- 2 CV points credit on every Rs. 200 spent with the value of 1CV point equal to Re. 1
- Joining gift of 1 complimentary economy class ticket on Vistara Airlines is provided with the card
- Additional complimentary benefits include purchase protection cover, air accident cover and complimentary lounge access at select Indian airports.
3. Standard Chartered Emirates Platinum credit card
This card is perfect for wealthy people who love the exquisite things of life. You can discover true luxury and value when traveling. Also get unmatched bonus miles and a unique flying experience.
Annual fees: The annual fees for this card are Rs.3000
The Emirates World Standard Chartered Card has the following features:
Secure Online Transactions – An additional layer of security is added to your credit card in the form of a One Time Password (OTP) verification.
Digital Payment Solution – Cardholders can pay instantly through the Bharat Bill Payment Solution (BBPS), BharatQR and Samsung Pay.
Contactless Credit Card – Contactless chip technology is designed to help you spend less time on payment counters and secure your payment.
Balance transfer – Cardholders can transfer another bank’s credit card balance up to Rs 5,000,000 at a low interest rate.
Balance on EMI – You can convert the remaining balance of your credit card into monthly installments at lower rates.
4. State Bank of India Elite credit card
The SBI Elite Credit Card offers a host of high-end facilities that provide superior flexibility and flexibility to its clients’ portfolios. It is worth it to opt for this card if you are a frequent traveler or a shopaholic.
Annual fees: The annual fee for this card is 4,999 rupees.
Receive a welcome gift worth Rs.5000 when you register, which you can trade at Marks and Spencer, Westside, Shoppers Stop and Hush Puppies / Bata
Enjoy free movie tickets worth Rs.6,000 each year
Earn up to 50,000 bonus reward points worth 12,500 rupees. Also enjoy 5 loyalty points on restaurants, department stores and grocery stores.
Get free Priority Pass membership worth $ 99 a year and get free access to airport lounges around the world.
5. CitiBank PremierMiles card
Access to all premium airport lounges in India and around the world is a complementary advantage of this card. It is also beneficial to earn additional miles on airline ticket bookings and online purchase transactions made with this card.
Annual fees: They come with an annual fee of 3000 Rs from the 2nd year and no membership fees.
- One earns 10000 miles on card activation and minimum spend of Rs. 1000 within 60 days of the card being issued.
- One earns 10 miles for every Rs 100 spent on airlines and 10 miles per Rs 100 spent with partner merchants.
- Every 100 miles earned in reward points is equal in value to Rs 45.
- Additionally the card holder gets complimentary Air Accident Insurance worth up to Rs. 1 crores.
Just as you have to choose your clothes according to your needs, it is also important to choose your credit card according to your needs. If you are a frequent traveler, a credit card rewarding your trip is essential. However, understanding the proposed rewards structure can certainly help you get the most out of your credit card.