One among my subscribers messaged me yesterday. He requested me, ‘Please inform me the finest bank cards for newbies in 2024.’ After which I believed, ‘This identical query is perhaps on the minds of many individuals.’Â
So I’m right here to information you.
On this weblog, I’ll focus on bank cards which can be finest for newbies and discover 4 Finest Credit score Playing cards for newbies in complete, that are thought of the perfect by way of options.
Whether or not you wish to get your first bank card or if you have already got one, these 4 bank cards are price contemplating. I’ll undergo every bank card one after the other and focus on their options. Ultimately, I’ll conclude which bank card is the perfect among the many 4.
So let’s get began.
Finest Credit score Playing cards 2024
1. BPCL SBI Card Octane
Bharat Petroleum Company Ltd and State Financial institution of India collaborate to current an unimaginable bank card, offering unique advantages on gasoline and groceries.
Each family requires petrol for his or her autos and groceries for the kitchen. This bank card not solely saves your cash but additionally lets you totally make the most of its options.
However you may avail of those wonderful cashback options solely through the use of Bharat Petroleum Pumps for filling petrol.
Welcome Advantages
The becoming a member of payment for this bank card is Rs. 1499/-, however with Welcome Advantages, this card is FREE. How?
Let me let you know. Upon becoming a member of and activating the cardboard, 6000 Bonus reward factors shall be credited to your account. 4 Reward factors are equal to Rs. 1. Due to this fact, 6000 reward factors are equal to Rs. 1500.
And I will even let you know how one can waive the annual charges of this card, which is Rs. 1499/-
Cashback on Gas
In line with SBI, this card offers you 7.25% cashback in your gasoline bills, however I can’t contemplate this cashback as 7.25%. I’ll say 6.25% + 1% as a result of 1% is the gasoline surcharge waiver, which is obtainable by nearly each financial institution.
So, I’ll contemplate 6.25% cashback, and belief me, 6.25% is much better than any of the bank cards which can be out there out there.
While you spend Rs. 100 on petrol, the BPCL SBI Octane card returns your Rs. 6.25, and this characteristic makes this card one of many finest bank cards.
Cashback on Bharat Gasoline App
You may as well avail of a 6.25% cashback on the Bharat Gasoline Cell App or Internet. You possibly can order gasoline cylinders, lubricants, and many others., from this app. Right here, you may get Rs. 6.25 (25 reward factors) on spending Rs. 100.
A most of Rs. 125 could be earned from Bharat Gasoline (app or internet) per billing cycle.
Cashback on Groceries and Motion pictures
One other vital benefit of this bank card is a cashback of 2.5% on each Rs. 100 spent at eating, departmental shops, films, and groceries. You possibly can earn a most of 7500 reward factors per 30 days, i.e., Rs. 1875.
Airport Lounge Advantages
- 4 complimentary visits per yr for home lounges.
- Most 1 go to per quarter.
Charges Waiver
If you happen to spend Rs. 2 lakh in a yr, the following yr’s annual charges are waived.
Limitations
As per the Phrases & Situations of this bank card, a most of 2500 reward factors per billing cycle, i.e., Rs. 625 per billing cycle, could be saved.
The utmost cashback of Rs. 625 could be availed provided that your car’s month-to-month gasoline consumption is Rs. 10,000, that means while you spend Rs. 10,000 on gasoline, you’ll earn Rs. 625.
So, in case your month-to-month expense on gasoline is greater than Rs. 10,000, the one resolution is to avail of two bank cards.
You possibly can avail it in your spouse’s identify or kids or mother and father. However imagine me, no gasoline bank card out there can provide you a 6.25% cashback. Additionally, you may get a 1% surcharge waiver for any transaction as much as Rs. 4000.
2. ICICI Amazon Pay Credit score Card
This bank card provides a flat 5% cashback (to Prime Members) on any transaction made by means of the Amazon App. There isn’t any most cap on cashback.
There may be no becoming a member of and annual payment for this card. Nonetheless, this card offers advantages completely to Prime Members of Amazon, which prices Rs. 1499/- yearly.
Amazon Prime membership additionally provides further advantages:
- Early entry to seasonal and occasional gross sales.
- Free entry to Amazon Prime Video, Music, and Gaming.
- Free quick and one-day supply choices on the Amazon App.
If you don’t want to spend money on Amazon Prime membership, you may nonetheless get pleasure from the advantages of this bank card. Non-Prime Members can avail of limitless 3% cashback with the ICICI Amazon Pay bank card.
In abstract, having a Prime membership lets you get pleasure from a 5% cashback, whereas non-Prime members can nonetheless profit from a 3% cashback with no most cap.
Cashback on Amazon Pay
If you happen to make transactions utilizing Amazon Pay, you may get pleasure from a 2% cashback. The Amazon Pay service features as a cost service, just like BHIM UPI or Paytm.
You need to use it to pay your postpaid and utility payments, recharge your cellular, and even Scan & Pay at numerous retailers. Moreover, you’ve gotten the choice to ship present playing cards to your kinfolk and buddies.
Limitations
- No cashback is relevant on No-cost EMI or EMI choices.
- There isn’t any cashback supplied on the acquisition of gasoline, gold, silver, or another treasured metallic.
Extra Reads:
3. Flipkart Axis Financial institution Credit score Card
The becoming a member of payment for this bank card is Rs. 499, and the cashback provide on this card is identical as on the ICICI Amazon Pay bank card. If you happen to make any purchases utilizing this bank card on Flipkart, you’ll earn a 5% cashback.
You may as well earn a 4% cashback on transactions on different platforms similar to Cleartrip, Treatment.match, PVR, Swiggy, Tata Play, and Uber.
Please undergo the Flipkart Axis Financial institution Credit score Card Phrases and Situations earlier than making any purchases from these companions, as their most popular companions are topic to vary once in a while.
There are some transactions on which cashback isn’t out there:
- Gas spends
- Buy of present playing cards on Flipkart & Myntra
- EMI transactions
- Purchases transformed to EMI publish facto
- Pockets loading transactions
- Buy of knickknack gadgets
- Cost of mortgage excellent balances
- Cost of card charges and different card fees
- Rental funds
- Insurance coverage providers
- Utility invoice cost (like water, postpaid, electrical energy and many others.)
- Academic providers
Welcome Advantages
Upon becoming a member of and activation, you’ll obtain a Rs. 600 voucher, i.e., Rs. 500 to be used on Flipkart and Rs. 100 to be used on Swiggy.
Annual Charges Waiver
The annual payment for this card is Rs. 500, which could be waived in case your annual spending is greater than Rs. 3.5 lakh. Please notice that lease transactions and pockets transactions is not going to be eligible for spending counted in availing of the annual payment waiver.
Airport Lounge Advantages
You will get 4 complimentary lounge visits per yr at chosen airports.
Limitations
The numerous distinction between the ICICI Amazon Pay bank card and the Flipkart Axis Financial institution bank card is that you’ll not earn any cashback if you happen to e book flights, inns, and purchase medicines from Flipkart utilizing the Flipkart Axis Financial institution bank card.
Right here’s the corrected sentence:
However nonetheless, different options like limitless 5% cashback on purchases from Flipkart utilizing this card make this card one of many finest bank cards out there.
