0 hidden charges. 0 forex
debit-card
Open a Fi Salary account and manage your salary with ease

How to Choose a Credit Card for your Salary Account

article image

How to Choose a Credit Card for your Salary Account

Table of Contents

What’s the difference between a regular credit card and a credit card attached to a salary account? Well, for one, the credit limit is generally higher, and so are the rewards. Read on to see how you can get a credit card for your salary account.

How can a salaried person get a credit card?

One thing that credit card issuers look for is proof of a stable income. After all, it’s their way of assuring that you will have the funds to repay the bill. Over the job, it’s the amount of money you make that determines the eligibility for a credit card.

How do credit cards help improve financial health?

If used optimally, credit cards can be great at helping you maintain your financial health. Here’s how they help:

  1. Building credibility to borrow: Paying your credit card bills on time, using it right, and not maxing out your limit frequently helps build trust between you and your bank. The bank keeps track of this and adds points to your credit score.
  2. Tackling financial emergencies: If you’re someone who’s just started earning and has expenses that can eat into your earnings/savings, a credit card can be of huge help.
  3. Offers and discounts: Credit cards today aren’t just about the credit line. They’re equally about the rewards and benefits.

A comparison of Credit Cards for Salaries Professionals

This table should help make a quick evaluation of all the top credit cards available in the market right now.

Card

Key Benefit

Details

SBI Simply Save Credit Card

₹2,000 bonus reward points on spending within 60 days of issuing the card.


10 bonus reward points on spending on dine-in, movie tickets, utilities, and departmental stores.


Easy money access, anytime, anywhere.


The easy tracking system of credit card expenses.


For every ₹100 you spend, you will receive one bonus reward point.



The annual fee for the first year is ₹499. But for the second year, the fee is waived off if the annual expenditure is ₹90,000 or more.

HSBC Visa Platinum Credit Card

Complimentary travel offers and vouchers.


Annual movie vouchers of up to ₹3000.


15% discount on dine-in at partner restaurants (only available in major Indian cities)


Get 2 bonus credit card reward points on any transaction at a retail store of ₹150 or above.


10% cashback on transactions above ₹10,000 within 90 days of issue. The maximum amount of cashback is ₹2500.

There are no annual or joining fees for this particular card. 

SBI SimplyCLICK Credit Card

Get one reward point on every spend of ₹100 or above.


Get 10 bonus reward points on online purchases from any of the brand partners, including Amazon, Cleartrip, BookMyShow, FoodPanda, UrbanClap, Lenskart, etc.


Get 5 bonus reward points on all online spending.


1% fuel benefit on transactions of ₹500 and ₹3,000.


Convert your purchases of ₹2,500 or above into EMIs.

The annual fee for this credit card is ₹499, and the fees for the second year are waived off if the expenditure is ₹1 Lakh or above.

Axis Bank Platinum Credit Card 

On every domestic purchase of ₹200 or above, you get 6 bonus reward points.


On every international purchase of ₹200 or above, you get 12 bonus reward points.


On the first online spend, you get 100 bonus reward points.


Fuel benefits of 2.5% on transaction amounts of ₹ 400 and ₹4,000 on all fuel stations across India.


100 bonus reward points on add-on cards.

The joining fee is ₹500, and the annual fee is ₹200 holders can get a 1% waiver of fuel surcharge.

HDFC Bank Diners Club Black Card

10,000 bonus reward points as a welcome perk.


On every purchase of ₹150 from any retail store, you earn 5 bonus reward points.


For some selected retail stores which are in partnership with HDFC, you can get 10 bonus reward points on every transaction of ₹150 or above.


On renewal of your credit card, you can get interest-free credit for up to 50 days, along with 5,000 bonus reward points.


Complimentary visits to 700+ lounges all over the world.


Up to 15% off on dine-in at any of the premium partner restaurants.


1% fuel benefits up to Rs. 1000


Death by air accident cover of ₹2 crores.


Emergency medical services cover worth ₹50 lakhs.



A premium credit card, the fee for the first year is ₹10,000, which can be waived off if the annual spending is ₹1L or more. From the second year, the annual fee will be ₹5000 but will also be waived off if the annual spending is ₹5L or above.

 

Summing up

Credit cards attached to a salary account are typically far more rewarding, and come with a higher line of credit, simply because your proof of income has already been established. But while you’re at it, choosing the right credit card for your salary account is a relatively tricky decision to make, and depends on your actual usage and personal finance habits.

Frequently Asked Questions

Can a salary account apply for a credit card?

Yes! A salary account will be favourable in getting a credit card issued. Credit cards are issued on the premise of the person receiving a regular and stable income so that they can repay the amount without any hassles.

Which credit card is best for a salary account?

As mentioned earlier in the blog, the best card depends on you. It depends on a variety of factors like the features you want, what you are going to use it for, how much limit you want in the card, and a lot of other factors. There is no one card that fits all.

Curious? Check these out!

How to Increase Credit Card Limit - Key Tips

Basic Steps on How To Get A Credit Card

Loan on Credit Card - Features, Eligibility and More

Credit Card Limit Meaning Explained by Experts

Time to switch to Fi. Smart banking and only that.
Related Posts
Get the Fi app