#FinancialBytes: 5 best debit cards for offers, rewards in India
Debit cards have become one of the most widely-used payment methods for cashless transactions today.
These cards are used for cash withdrawals, online shopping, offline transactions, etc. but debit cards also come with many offers and rewards.
Debit card holders also don’t need to worry about overspending as they pay from linked bank accounts, unlike credit cards.
Here are 5 current best debit cards.
State Bank of India’s Classic Debit Card
State Bank Classic Debit Card is one of the best affordable options for the common man.
It comes with zero issuance fee and Rs. 125 annual maintenance charges.
Cardholders can enjoy several benefits like Freedom Rewardz points (redeemable for various products), exclusive offline and online shopping cash back offers and discounts.
However, the daily cash withdrawal limit at ATMs is capped at Rs. 20,000.
Axis Burgundy World Debit Card, a premium debit card
Coming to premium debit cards, Axis Burgundy World Debit Card, available for Axis Bank’s Burgundy Account customers, is a good option.
It has no issuance/annual fees and comes with a good eDGE loyalty rewards program and travel benefits.
Cardholders can enjoy free ATM withdrawals (daily limit Rs. 3,00,000), complimentary movie tickets on BookMyShow every month, exclusive airport lounge access, 15% off on dining, etc.
IndusInd Signature Debit Card is another good premium option
IndusInd Signature Debit Card is another premium card offering great rewards and benefits.
It comes with a Rs. 5,000 joining fee and an annual fee of Rs. 1,499 and daily ATM withdrawal limit of Rs. 2,00,000. Joining benefits include Rs. 4,000-worth vouchers and bonus IndusRewards Points.
Customers can enjoy Buy-one-Get-one on BookMyShow movie tickets, complementary airport lounge access, fuel surcharge waiver (Rs. 250/month), etc.
IDFC Bank’s Visa Signature Debit card
IDFC Bank’s Visa Signature Debit Card is a free card available for savings account holders with minimum Rs. 25,000 balance. It offers unlimited ATM withdrawals with Rs. 1,50,000 daily limit.
Cardholders can enjoy benefits and offers like up to Rs. 250 cashback monthly on BookMyShow, 10% off on Thomas Cook hotel/holiday bookings, airport lounge access, fuel surcharge waiver, exclusive online discounts, dining offers etc.
Axis Online Rewards Debit Card best suited for online shopping
For those who love to shop online, Axis Bank Online Rewards Debit Card is the best option.
It comes with issuance/annual fees of Rs. 500 and offers various online shopping rewards. It has a daily ATM withdrawal limit of Rs. 50,000.
Customers can earn accelerated eDGE Loyalty Rewards (online purchases), enjoy annual vouchers, 10% off on BookMyShow movie tickets, 15% discount on dining, etc.