Are you tired of using credit cards that offer no special rewards and charge high renewal fees? You’re not alone. Many people are unaware that there are better credit card options available in the market. In this article, we will discuss the best credit cards in the industry, focusing on HDFC Bank and Exxis Bank.
Premium Cards: Regalia Gold from HDFC Bank vs Magnus from Exxis Bank
When comparing premium cards, two factors stand out: membership fees and renewal fees. HDFC Bank’s Regalia Gold Credit Card has a joining fee of 2,500 plus taxes, while Exxis Bank’s Magnus Credit Card has a joining fee of 10,000 plus taxes. However, HDFC Bank’s renewal fees are waived if you spend more than Rs 4 lakh per year, while Exxis Bank requires you to spend 15 lakhs per year to avail the waiver.
Here is the comparison in a few words:
- Membership Fees: Regalia Gold from HDFC Bank – 2,500 plus taxes, Magnus from Exxis Bank – 10,000 plus taxes
- Renewal fees: Regalia Gold from HDFC Bank – 2,500 plus taxes (reversed if spend > 4 lakh rupees per year), Magnus from Exxis Bank – 10,000 plus taxes (reversed if spend > 15 lakhs per year)
With lower membership and renewal fees, as well as easier spending requirements for cancellation, HDFC Bank’s Regalia Gold Credit Card emerges as the better option.
Rewards and Benefits: Getting the Most Out of Your Card
Rewards points play a crucial role in choosing a credit card. Let’s take a look at the reward points offered by these premium cards:
- HDFC Bank Regalia Gold Credit Card: 20 reward points on a spend of Rs 150 for select merchants, 4 reward points on all other spends.
- Magnus Credit Card from Exxis Bank: 7% cash back for select merchants, 4 reward points for all other spending.
With the opportunity to earn 7% cashback, the Exxis Bank Magnus Credit Card offers a superior rewards program.
Exclusive benefits: travel cards
For frequent travelers, three travel cards stand out: Indigo Card from HDFC Bank, Vistara Credit Card from HDFC Bank and Vistara Infinite Credit Card from Exxis Bank. Here is a brief overview:
- HDFC Bank Indigo Card: Offers free flight tickets, hotel vouchers and cashback on Indigo and F&B spends.
- Vistara Credit Card from HDFC Bank: Offers complimentary economy class ticket, Vistara club membership and cashback on F&B spends.
- Vistara Infinite Credit Card from Exxis Bank: Offers complimentary business class tickets, Vistara Gold club membership and exclusive privileges such as free lounges and rounds of golf.
Among these three options, the Exxis Bank Vistara Infinite Credit Card emerges as the most lucrative, especially for those who frequently fly business class.
Entry-level cards: budget-friendly options
If you are looking for entry-level cards with great benefits, HDFC Bank and Exxis Bank have options for you. HDFC Bank’s Tata New Plus Card and Exxis Bank’s Flip Card offer cashback on popular online platforms such as Flipkart and Myntra, along with F&B and entertainment spending.
Here is a brief summary:
- Tata New Plus Card from HDFC Bank: Offers 5% cashback on Flipkart and Myntra, 4% cashback on Swiggy and Uber and 1.5% cashback on all other spends.
- Exxis Bank Flip Card: Offers 5% cashback on Flipkart and Myntra, 4% cashback on Swiggy, Uber and PVR and 1% cashback on non-Tata brands.
Both cards have their merits, but Exxis Bank’s Flip Card Card offers a higher cash back rate, making it a more attractive option for budget-conscious people.
Conclusion
Selecting the best credit card depends on your individual needs and spending habits. Whether you prefer premium cards with exclusive benefits, entry-level cards with attractive cashbacks or travel cards offering free tickets, HDFC Bank and Exxis Bank have options to suit your needs.
To apply for HDFC Bank or Exxis Bank credit cards, click on the links provided in the description or bio. Choose the card that suits your preferences and start enjoying the benefits it has to offer. Make the most of your credit card and become independent!
*Note: Content has been rewritten to provide concise information while maintaining the main message. The article aims to guide readers in choosing the best credit card options based on their preferences and needs.
