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Top 10 Credit Card Companies in India: Compact Comparison

Issuer
Market Position
Key Cards/Features
Unique Strengths
Fee Structure
HDFC Bank
Largest issuer (Top 1)
Millennia, Regalia Gold
Wide variety, strong rewards, milestone benefits (e.g., ₹5k vouchers on ₹5L spend)
Moderate annual fees (often waivable)
SBI Card
Major issuer (NBFC)
Diverse category-specific cards
Public sector reach, high reward rates
Low joining fees
ICICI Bank
Top 3 private bank
Amazon Pay ICICI, robust rewards program
Strong partnerships, high cashback on online shopping
Competitive fees
Axis Bank
4th largest by card count
Citi portfolio (entry to premium)
Post-Citi acquisition, travel-focused cards
Varied (free to premium)
Kotak Mahindra Bank
Major private bank
Shopping, travel, cashback cards
Lifestyle-focused perks
Moderate fees
RBL Bank
Customer-centric private
Co-branded cards (e.g., Bajaj, Big Bazaar)
Flexible rewards, niche partnerships
Low-to-moderate fees
IndusInd Bank
Premium-focused (since 2013)
Luxury travel, dining cards
High-end benefits, concierge services
Higher annual fees
IDFC FIRST Bank
New entrant (2021)
Lifetime free, low-fee cards
No/low annual fees, exclusive benefits
Mostly lifetime free
Bank of Baroda (BoB)
Fast-growing PSB
Low-fee, high-reward cards
Public sector accessibility, fuel surcharge waivers
Minimal joining fees
American Express
Premium network issuer
Travel-focused (Platinum, Gold)
Own network, luxury perks, global acceptance
High fees (premium segment)

Common Features & Considerations (Compact)

Category
Key Details
Fees
Joining Fee, Annual Fee (often waivable), Interest Rates (18-42% p.a.), Forex Markup (1-3.5%), Late Payment Fees (₹100-₹1.3k)
Perks
Lounge Access (domestic/int’l), Fuel Surcharge Waiver (1%), Welcome Bonuses (₹500-₹5k vouchers), Milestone Rewards, Travel Insurance, Dining Discounts
Rewards
Cashback (1-10%), Reward Points (1-5 pts/₹100), Exclusive Brand Discounts
Selection Tips
Match to spending habits (travel/shopping), weigh fees vs. benefits, check forex rates, verify income/score eligibility

Disclaimer: Offers change frequently. Verify details with the bank before applying. Fees/benefits vary by card tier.

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