scorecardresearchInternational Women’s Day: Here are some of the best credit cards for women

International Women’s Day: Here are some of the best credit cards for women

Updated: 08 Mar 2022, 10:55 AM IST

Be it shopping online or offline or booking tickets, credit cards enable easy purchases and spending.

Women use credit cards to spend on many things.

Women use credit cards to spend on many things.

The modern Indian woman demands more and deserves more equally. This stands true for one’s choice of financial products too like credit cards that allow you to access to endless cashback schemes, free flight passes, easy EMI options, reward points on buying, etc. Spending becomes easy and lucrative for women who love to shop till they drop as banks and financial institutions design credit cards specifically for women. For example, women-specific travel cards are designed for globe-trotting women while buying above a certain limit using credit cards fetches them reward points and cashback offers that they can use to make their next purchases.

Popular credit cards for women

Many banks and financial institutions have realized the potent force women can be at their workplaces. Some credit cards best suited to today’s women workforce include:

  1. HDFC Solitaire credit card: This card defines “women power” as it provides features and benefits exclusively to its women clients. Some features are irresistible like
  • Three reward points on every 150 spent
  • 50 per cent extra reward points on dining and grocery expenses
  • 1000 worth shopping vouchers on 75000 expenditure every six months
  • Free shipping voucher worth 2000 every year
  • Cashback offers from the redemption of reward points with every 100 reward points translating to 20 cashback offer
  • Accumulated reward points beyond 5 lac translates to cashback offers worth more than 2000
  • Zero liability on loss or theft of the card
  • Free accident death insurance up to 50 lac with the card
  • Free protection from burglary and fire for 180 days for goods bought above 5000
  • 1000 reward points on payment of membership fees
  • Waiver of 250 on further fuel surcharge every billing cycle
  • 50 days of the interest-free period from the date of purchase
  • Annual fees subject to age and income

The eligibility criteria for women interested to get this card is simple. The woman must be an Indian resident with a suitable income. Salaried women aged 21-60 years can avail of this card while the age limit for self-employed is 65 years. 

2. SimplyCLICK SBI credit card: The offers on various spends using this card have made it a must-have for women looking to have credit cards Some unbeatable offers are:

  • Free Amazon voucher worth 500 as welcome gift
  • Reward points on using the card to buy from exclusive partner platforms with exclusive partners Amazon, BookMyShow, Cleartrip, Foodpanda, Lenskart, Netmeds, Rentomojo, UrbanClap, etc.
  • Five times reward points on all other online platforms and one reward point on all offline spending.
  • E-voucher worth 2000 on an annual spend between 1 lac and 2 lacs with your card.
  • One per cent fuel surcharge waiver for every transaction between 500 and 3000.
  • Interest-free period of up to 50 days from the date of purchase.
  • Cash withdrawal facility from over a million Visa and Master Card ATMs worldwide
  • Internationally accepted.
  • Payment for big purchases in easy monthly instalments.

This card is best suited for women who plan their personal finances on the go. With offers, discounts, cashback offers and reward points on every purchase, women using this card are able to save money on their expenses. 

3. ICICI Bank Coral credit card: Many women prefer using this card considering the reward points it makes on several offers. Using this card offers the following benefits:

  • Payback points up to 10,000 every year.
  • Access to a complimentary domestic lounge every year.
  • Two complimentary movie tickets every month when booking under ‘Buy one, get one’ offer from BookMyShow.
  • Savings of up to 15 per cent on dining expenses at more than 2500 restaurants across India.
  • Two cashback points on every 100 spent barring fuel expenses.
  • Waiver of one per cent on fuel surcharge.
  • Minimal joining fees on this card. Annual fees of the following year are waived off on expenses of more than 150,000 in a year.
  • Savings of up to 18,375 every year via discounts and offers.
  • Cards embedded with chips for added security to prevent fraud and theft.

In the private bank sector, this card has gained the most recognition for enabling collective savings through reward points and cashback offers.

4. Citibank Rewards credit card: Women looking to save on their daily expenses can use this card. Listed below are the benefits and features of this card that include:

  • Reward points up to 2500 as a welcome gift.
  • Reward points up to 10 times on expenses on apparel and departmental stores using this card.
  • One reward point for every 125 spent on all other purchases.
  • 3000 bonus points on card purchases of 30,000 every month.
  • Reward points earned on this card remain.
  • Discounts up to 15 per cent on dining at participating restaurants.
  • Payment for big purchases through easy EMI options.
  • Availability of instant loans against the credit limit.
  • Cashback up to 1200 on domestic flight tickets booked on the MakeMyTrip app using this card.
  • Cashback of 25 per cent up to 200 on food bought on Swiggy platform.
  • Straight cashback of 20 per cent on BigBasket using this card.
  • Personal concierge services for planning and reservations using this card.

5. RBL Bank Shoprite credit card: Designed exclusively to boost and sustain women's power, this card allows the fair gender to shop to their hearts’ content. Most women prefer using this card to save on grocery expenses and movie tickets. Some of the best benefits and features include:

  • Five per cent value shopping on purchase of groceries.
  • Discount up to 10 per cent on movie tickets bought using this card.
  • Cashback up to 2.5 per cent on fuel expenditure using this card.
  • Reward point of Re 1 on every 100 spent using this card.
  • Waiver of annual fees on expenditure of 1 lac using this card.

Factors governing credit card use

Using a credit card responsibly can help increase your credit score. However, cashback offers, discounts and reward points can increase the urge to use credit cards. Uncontrolled spending habits can wreak havoc with bills piling up that must be cleared within the stipulated period to avoid recurring interest and penalties. Credit cards are a boon in case you wish to pay for something in easy instalments.

So, use your credit cards responsibly!

First Published: 08 Mar 2022, 10:55 AM IST