Online and off life merchants in India offers various discounts and reward points to the customers who are buying products through life style credit cards. A lifestyle credit card is kind of luxurious card where one can shop online/offline and accumulate huge points from the transactions. The points can be used to get discounts, create gift coupons online or gift vouchers for offline purchase. Also cashbacks or paybacks offered by these lifestyle credit cards are very lucrative.
Lifestyle credit cards have a demerit too; the annual fees are very high. Users should always opt this card if they are spending money highly on foods, entertainment, shopping etc. Also, they should check credit card bills/statement on regular basis as the billing amount can be adjusted with the points some time. Moreover, rewards points come with certain deadlines as well. If you are spending certain amount in regular basis, then it is possible that the credit card provider Bank can wave off the annual fees under certain conditions. You need to be in touch with the customer care team of your life style credit card provider before renewal of the card.
Top/Best Lifestyle Credit Cards
|Lifestyle Credit Cards||Reward Rate||Joining Fee||Other Benefit|
|SBI Prime||3%-5%||Rs.2,999||You get equivalent Welcome Gift|
|HDFC Regalia First||1%-10%||Zero||NA|
|Citibank Cashback Credit Card||0.50%||Rs.500||NA|
|Standard Chartered Manhattan||5.00%||Rs.999||NA|