Best Reward Point Credit Cards
Highest rupee-value per ₹100 spent.
- Best overallAxis Bank · Visa
Axis Bank Atlas Credit Card
Best for frequent flyers who transfer miles to airline programmes
Up to 10% value back on travel spends via EDGE Miles
- Effective return
- 4.5%
- Annual fee
- ₹5,000
- Lounge (dom.)
- 18
- Forex markup
- 3.50%
Our take. The best domestic travel card for someone who actually books award flights. Redeem for statement credit instead and the value collapses to roughly 1% — this card only works if you use the transfer partners.
- #2Low forex markupHDFC Bank · Visa
HDFC Bank Regalia Gold Credit Card
Best for mid-premium travel and lifestyle spending
4 reward points per ₹150, with 5x on Nykaa, Myntra, Marks & Spencer and Reliance Digital
- Effective return
- 2.6%
- Annual fee
- ₹2,500
- Lounge (dom.)
- 12
- Forex markup
- 2.00%
Our take. The natural step below Infinia. If you spend over ₹4 lakh a year the card is effectively free, and the 2% forex markup makes it a genuine travel card rather than a lifestyle one.
- #3Low forex markupHDFC Bank · Visa
HDFC Bank Infinia Credit Card (Metal)
Best for high spenders who can use smartbuy redemptions
5 reward points per ₹150, worth up to ₹1 each on SmartBuy flight and hotel bookings
- Effective return
- 3.3%
- Annual fee
- ₹12,500
- Lounge (dom.)
- Unlimited
- Forex markup
- 2.00%
Our take. Still the benchmark super-premium card in India. The 2% forex markup alone saves ₹30,000 on ₹20 lakh of overseas spending versus a standard 3.5% card — which is more than double the annual fee.
- #4Lifetime freeLow forex markupIDFC First Bank · Visa
IDFC FIRST Select Credit Card
Best for a no-fee card with a low forex markup
Up to 10x reward points on high spends, on a lifetime-free card
- Effective return
- 1.8%
- Annual fee
- Nil
- Lounge (dom.)
- 4
- Forex markup
- 1.99%
Our take. The best zero-fee card for occasional international spending. A 1.99% markup versus the usual 3.5% saves ₹1,500 on every ₹1 lakh spent abroad, and the card costs nothing to keep in the drawer between trips.
- #5SBI Card · Visa
BPCL SBI Card Octane
Best for heavy car users who can fuel at bpcl
25 reward points per ₹100 at BPCL outlets — about 7.25% value back on fuel
- Effective return
- 2.5%
- Annual fee
- ₹1,499
- Lounge (dom.)
- 4
- Forex markup
- 3.50%
Our take. If you spend ₹8,000 a month on fuel and a BPCL pump is convenient, this returns roughly ₹7,000 a year against a ₹1,499 fee. If BPCL is not convenient, none of that applies.
- #6Lifetime freeAU Small Finance Bank · Visa
AU Bank LIT Credit Card
Best for people whose spending pattern changes through the year
Customisable — switch on only the benefit categories you want each quarter
- Effective return
- 1.5%
- Annual fee
- Nil
- Lounge (dom.)
- 4
- Forex markup
- 3.49%
Our take. The most interesting card structure in India. It rewards people who will actually log in each quarter and switch features — and quietly under-delivers for everyone else.
- #7American Express · American Express
American Express Membership Rewards Credit Card
Best for point maximisers who transfer to airline programmes
Membership Rewards points transferable to airline and hotel partners
- Effective return
- 2.5%
- Annual fee
- ₹4,500
- Lounge (dom.)
- 0
- Forex markup
- 3.50%
Our take. Worth holding as a second card rather than a primary one. Acceptance is the constraint, not the value — but where it is accepted, the transfer partners beat most bank point programmes.
Effective reward rate is our own blended estimate for a typical spend mix — not the accelerated rate an issuer advertises on one category. Annual fees are shown before the 18% GST that is charged on top. Verify current terms on the issuer’s site before applying; card terms change without notice.
Data as of 15 Aug 2026Source: Issuer tariff sheets and published comparisonsPending issuer verification
Questions
How do you decide what makes this best reward point credit cards list?
Every product is scored on the same fields — effective return, total cost including fees and GST, benefits, and how obtainable it actually is. The weights are published on our methodology page, and the score is computed, not assigned by an editor.
How often is this page updated?
Rate tables are refreshed weekly, and immediately after an RBI policy change or a Budget announcement. Every figure on the page carries the date it was captured and a link to its source, so you can always see how current it is.
Does Credsir get paid to rank products here?
No. We earn from partner links and advertising, but rankings come from a published scoring formula that runs identically on every product, whether we earn from it or not. Products we make nothing from appear in these lists whenever they win on the numbers.
Are these the rates I will actually be offered?
Advertised rates are the best case, reserved for applicants with a high credit score, stable income and a favourable profile. Your offer depends on your credit score, employer, income and existing obligations. Treat published rates as the floor, not the quote.
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