Choosing your first credit card is a big deal. It’s your gateway to building a strong credit score, earning rewards, and managing expenses—all with the right perks. In 2024, there are plenty of beginner-friendly cards with excellent cash back, rewards, and no annual fees. Whether you’re a student, online shopper, or looking to make everyday spending more rewarding, these top credit cards will set you up for success. Let’s dive into the best options and how you can make the most of your first card!
SBI Cashback Card
Best for: High cashback on online purchases
Annual Fee: None
The SBI Cashback Card offers up to 5% cashback on online purchases, making it highly rewarding for those who shop online frequently. It comes with a cashback limit of ₹5,000 per month, which adds substantial value for users who want to save on their online transactions without paying an annual fee.
American Express Membership Rewards Credit Card
Best for: Earning versatile rewards points
Annual Fee: None for the first year; ₹1,000 thereafter
This card is a fantastic entry into the American Express network, with rewards points that can be transferred to various loyalty programs. With no fee in the first year, it allows beginners to experience premium rewards without upfront costs. The points can be redeemed across travel, dining, and other categories, providing flexibility in benefits.
Amazon Pay ICICI Bank Credit Card
Best for: Cash back on Amazon purchases
Annual Fee: None
Ideal for frequent Amazon users, this card provides 5% cashback on Amazon purchases, with no annual fee. It’s one of the best options for those who shop regularly on Amazon, helping maximize savings and cashback.
HDFC Regalia Credit Card
Best for: Comprehensive rewards on varied spending
Annual Fee: ₹1,000 (waived on specific spending)
The HDFC Regalia Credit Card offers rewards across dining, travel, and other categories, appealing to those with a diverse spending profile. With rewards on all spending categories, this card is well-suited for users looking to earn points that can be redeemed across lifestyle needs.
Axis Bank Neo Credit Card
Best for: Entertainment and shopping discounts
Annual Fee: None
Perfect for entertainment enthusiasts, the Axis Bank Neo Credit Card offers significant benefits on movie tickets and shopping. With no annual fee, this card provides excellent savings on dining, entertainment, and online shopping, catering well to users who enjoy frequent outings and online purchases.
Capital One SavorOne Rewards Card
Best for: Dining and entertainment cashback
Annual Fee: None
For those who spend on dining and entertainment, the Capital One SavorOne Rewards Card provides 3% cashback in these categories. This card is ideal for beginners who want to earn rewards while dining out, with no annual fee to worry about.
Chase Freedom Unlimited
Best for: Straightforward cashback on all purchases
Annual Fee: None
With 1.5% cashback on every purchase, the Chase Freedom Unlimited card is great for those who prefer a simple, no-hassle cashback structure. It’s especially appealing for beginners who want consistent rewards without having to track categories.
Discover It Student Cash Back Card
Best for: Students with no prior credit history
Annual Fee: None
This card is specifically designed for students, offering 5% cash back on rotating categories (up to a spending limit). With Discover’s cashback match program, users earn double rewards in their first year, making it an ideal option for students new to credit.
HSBC Visa Platinum Card
Best for: General use with rewards
Annual Fee: None
With rewards points on various purchases, the HSBC Visa Platinum Card is suited for those who want a reliable card without annual fees. This card is a straightforward choice for general use, allowing new users to earn points on everyday purchases.
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RBL Bank SaveMax Credit Card
Best for: Rewards and financial management
Annual Fee: None
This card offers rewards on everyday spending along with a complimentary credit advisory service, ideal for beginners looking to manage finances. It’s a practical choice for users interested in earning while learning financial best practices.
Considerations When Choosing a Credit Card
- Assess Spending Habits: Think about where you spend the most, whether it’s online shopping, dining, or travel.
- Annual Fees: Beginners often benefit from no-fee cards to minimize costs, so prioritize cards with waived or low fees.
- Rewards Structure: Select a card with a rewards structure that aligns with your lifestyle to maximize benefits.
These options provide a strong foundation for beginners to build credit, earn rewards, and enjoy various perks without hefty fees.
