In the dynamic world of finance, choosing the right credit card is crucial, especially for beginners in India with a salary of 3 lakh. Credit cards for beginners offering 5% cashback present a lucrative opportunity. Let’s explore the 5 best options that cater to this specific need.
1. SBI Cashback Credit Card
The SBI Cashback Credit Card is considered one of the best credit cards for beginners. It offers 5% cashback on all your utility bill payments, making it a practical card for managing your regular expenses. Additionally, you can avail a 1% fuel surcharge waiver, enhancing your savings at the petrol pump. With its widespread acceptance and robust rewards program, this card is a great option for someone new to the world of credit cards
- Generous Cashback Rewards: The SBI Cashback Credit Card offers 5% cashback on utility bill payments, allowing cardholders to save on their regular expenses. This feature proves to be extremely beneficial for individuals managing household budgets and seeking to earn rewards on essential payments.
- Fuel Surcharge Waiver: Cardholders enjoy a 1% fuel surcharge waiver, presenting a significant advantage for those who frequently use their vehicles. This feature directly translates into savings at the petrol pump, making the SBI Cashback Credit Card a practical choice for commuters and travelers.
- Wide Acceptance and Convenience: SBI Cashback Credit Card is widely accepted, enhancing its utility across various merchants and service providers. This acceptance ensures that cardholders can enjoy cashback benefits in multiple transactions, adding to the card’s convenience and appeal for beginners
2. Axis Ace Credit Card
The Axis Ace Credit Card is designed for the modern Indian consumer. Offering 5% cashback on bill payments, dining, and fuel, it covers key areas of expenditure. This card also provides complimentary lounge access at selected airports, adding a touch of luxury to your travel experiences. With its user-friendly features and attractive cashback offers, it’s a top choice for beginners.
- Comprehensive Cashback Categories: The Axis Ace Credit Card offers 5% cashback on bill payments, dining, and fuel. This versatility in cashback categories covers key spending areas, allowing cardholders to accumulate cashback rewards on a variety of essential and lifestyle expenses.
- Lounge Access Privileges: The card provides complimentary lounge access at selected airports, adding a touch of luxury and comfort to travel experiences. This benefit is particularly valuable for individuals who travel frequently for business or leisure, enhancing their overall journey.
- Ease of Use and Accessibility: With user-friendly features and a seamless application process, the Axis Ace Credit Card is accessible and convenient for beginners. The straightforward rewards program and clear terms make it easy for new credit card users to understand and maximize their cashback benefits.
3. HDFC Millennia Credit Card
The HDFC Millennia Credit Card caters to the millennial lifestyle, providing 5% cashback on shopping, both online and in-stores. Additionally, you can enjoy cashback on travel bookings and food delivery. The card comes with exclusive benefits, including complimentary airport lounge access and low foreign currency markup fee, making it an appealing option for young professionals.
- Tailored for Millennial Lifestyle: The HDFC Millennia Credit Card is designed to align with the spending patterns and preferences of millennials. Offering 5% cashback on shopping, including both online and in-store purchases, this card caters to the shopping habits of the modern generation.
- Additional Travel and Dining Benefits: In addition to shopping cashback, the card provides cashback on travel bookings and food delivery. This feature enhances the overall value proposition for users who frequently dine out or travel, making it an attractive option.
- Global Acceptance and Low Forex Markup: The card’s low foreign currency markup fee and complimentary airport lounge access, both internationally and domestically, make it an excellent choice for individuals with a penchant for travel. The global acceptance of HDFC Millennia Credit Card ensures a seamless experience wherever they go.
Read Also: 11 Best Credit Cards for Free Airport Lounge Access in India 2023
4. ICICI Amazon Pay Credit Card
For avid online shoppers, the ICICI Amazon Pay Credit Card is a go-to option. Offering a whopping 5% cashback on Amazon.in and select partner merchants, it’s perfect for those who frequently shop online. Furthermore, you can earn 2% cashback on mobile recharges and bill payments. With its association with Amazon, this card opens the doors to a plethora of rewards and discounts.
- High Cashback on Online Shopping: The ICICI Amazon Pay Credit Card offers an impressive 5% cashback on Amazon.in and select partner merchants. This benefit is a significant advantage for avid online shoppers, allowing them to earn substantial cashback on their purchases.
- Additional Cashback on Recharges and Bills: Cardholders can enjoy 2% cashback on mobile recharges and bill payments, extending the cashback benefits beyond just shopping. This feature adds value to everyday transactions, making the card versatile and rewarding for users.
- Exclusive Discounts and Offers: The association with Amazon grants cardholders access to exclusive vouchers and discounts, enhancing their online shopping experience. These special perks make the ICICI Amazon Pay Credit Card an appealing choice for those seeking additional savings and benefits while shopping online.
5. Axis Flipkart Credit Card
If you’re a fan of Flipkart and online shopping, the Axis Flipkart Credit Card is tailor-made for you. It provides 5% cashback on Flipkart and Myntra purchases, along with 4% cashback on other online and offline spending. This card also offers exclusive vouchers and discounts, making your shopping experiences even more delightful.
- Attractive Cashback on E-commerce Spends: The Axis Flipkart Credit Card offers an enticing 5% cashback on Flipkart and Myntra purchases. For individuals who frequently shop online, this cashback percentage can translate into substantial savings and discounts on their purchases.
- Cashback on Other Transactions: Beyond e-commerce, the card provides 4% cashback on other online and offline spending. This versatility ensures that cardholders can earn rewards across various transaction types, enhancing the overall appeal of the card.
- Exclusive Shopping Vouchers and Discounts: Cardholders can enjoy exclusive vouchers and discounts related to their favorite online shopping platforms, further adding value to their shopping experiences. These exclusive perks make the Axis Flipkart Credit Card a preferred choice for avid online shoppers.
In conclusion, finding the best credit cards for beginners in India with a salary of 3 lakh is a pivotal step toward building a strong financial foundation. These 5 credit cards, each offering a generous 5% cashback on various expenditures, provide an excellent starting point for those embarking on their credit card journey. Whether you prefer the versatility of the SBI Cashback Credit Card, the modern perks of the Axis Ace Credit Card, the millennial-focused benefits of the HDFC Millennia Credit Card, the convenience of the ICICI Amazon Pay Credit Card, or the online shopping delights of the Axis Flipkart Credit Card, there’s a card tailored to your needs. With responsible usage and timely payments, these credit cards can not only simplify your financial transactions but also help you earn valuable cashback rewards. So, take your pick, and start maximizing your savings today with one of these best credit cards for beginners.