5 Best Travel Credit Cards in India 2019

If you’re a frequent traveller and have done shopping abroad, you must have come across the Foreign Currency Markup Fee, which is basically the foreign transaction fee. It is 3.5% + GST on most of the cards which leads to approximately 4% of your actual spent amount.

For instance, if you have spent INR 1 lac on foreign currency, you’ll end up losing INR 4000 (4 percent of the total amount) as the markup fee. This markup fee is one of the major sources of income for banks and it’s time that you should avoid it getting included in your credit card statement.

It’s also the time that you start using the right travel credit card to get rid of these unwanted charges added to your statement. Travel credit cards in India offer several benefits such as discounts, cashback’s, complimentary access to lounges in airports and airline miles.

Also Read: Top 5 SBI Credit Cards in India

Best Travel Credit Cards in India 2019

Here you can find the details of 5 different best travel credit cards offered by some of the leading banks to help you while you’re on your shopping spree on a foreign land:

American Express Credit Card Platinum Travel:

Fees/ChargesAmount
Joining FeesINR 3,500
Annual FeesINR 5,000
Interest Rate40.2 percent per annum or 3.35 percent per month
Cash Withdrawal FeesINR 250 or 3.5 percent of the withdrawn amount
Add-on Card FeeNil for the first two cards; INR 1,500 for the 3rd card & onwards
Duplicate Statement FeesINR 100 for each statement which is a minimum of 3 months old
Air Miles Redemption FeesNot Applicable
Over Limit FeesINR 500
Foreign Currency Transactions Fee3.5% of the spent amount
Late Payment Fees30% of the minimum due (Minimum- INR 500; Maximum – INR 1000)_

Citi Premier Miles Credit Card:

Fees/ChargesAmount
Annual FeesINR 3,000
Interest Rate37.20 – 42 percent per annum or 31 – 3.5 percent per month
Cash Withdrawal Fees2 percent with a minimum amount of INR 300
Add-on Card FeeNil
Duplicate Statement FeesNil
Over Limit Fees2.5 percent of the over limit amount with a minimum amount of INR 500
Foreign Currency Transactions Fee3.5% of the spent amount
Late Payment FeesINR 100/month
Cheque Return/Bounce FeesINR 350 for each retrun/bounce
Card Re-issuing FeeNil
Cash Payment FeesINR 100/payment
Cash Payment Fees at ATMINR 50/payment

SBI Air India Signature Credit Card:

Fees/ChargesAmount
Joining FeesINR 4,999
Annual FeesINR 4,999
Interest RateUp to 3.35 percent/month
Cash Withdrawal Fees2.5 percent of the spent amount or INR 300 per expenditure (for SBI & domestic ATM); 3 percent of the spent amount or INR 300 per expenditure (for international ATM)
Duplicate Statement FeesNil
Over Limit Fees2.5 percent of the over limit amount with a minimum amount of INR 500
Foreign Currency Transactions Fee3.5% of the spent amount
Payment Dishonor Fees2% of payment for a minimum of INR 450
Card Re-issuing FeeIndia – INR 100; Abroad – Nil
Cheque Payment FeesINR 100/payment (for cheque payments of up to INR 10,000)

Axis Bank Miles and More World Credit Card:

Fees/ChargesAmount
Joining FeesWorld Select Credit Card – INR 10,000; World Credit Card – INR 3,500
Annual FeesINR 4,999
Interest RateUp to 3.35 percent/month
Cash Withdrawal Fees2.5% of the amount (minimum of INR 250)
Add-on Card Joining FeesNil
Add-on Card Annual FeesNil
Duplicate Statement FeesNil
Over Limit Fees3 percent of the over limit amount with a minimum amount of INR 500
Foreign Currency Transactions Fee3.5% of the spent amount
Late Payment FeesINR 300 for due amount of up to INR 2000;

INR 400 for due amount between INR 2,001 – INR 5,000

INR 600 for due amount of INR 5,000 and more

Payment Dishonor FeesINR 300
Card Re-issuing FeeNil
Cash Payment FeesINR 100/payment

Jet Airways ICICI Bank Rubyx VISA Credit Card:

Fees/ChargesAmount
Joining FeesINR 2,500 + GST
Annual FeesINR 2,500 + GST
Interest RateMonthly Interest Rate: 3.50%

Annual Interest Rate: 42%

Cash Withdrawal Fees2.5% of the amount (minimum of INR 300)
Add-on Card Joining FeesNil
Add-on Card Annual FeesINR 250
Duplicate Statement FeesNil
Over Limit Fees2.5 percent of the over limit amount with a minimum amount of INR 500
Foreign Currency Transactions Fee3.5% of the spent amount
Late Payment FeesINR 100 for due amount between INR 100 to INR 500;

INR 500 for due amount between INR 501 – INR 10,000

INR 750 for due amount of more than INR 10,000

Cheque/Cash Pick-up FeesINR 100 per pickup
Cheque Return Fees2% of the amount due (minimum of INR INR 450)

Eligibility Criteria To Apply For Travel Credit Cards

Though the eligibility criteria to apply for the best travel credit cards in India 2019 may vary from one bank to another, below-enlisted are few of the basic criteria one need to fulfill to go ahead with her/his travel credit card application:

  • S/he should be an Indian citizen.
  • S/he should be salaried/self-employed.
  • S/he should have a good credit history.
  • The applicant’s age should be between 18-70 years.

Conclusion

While there are a variety of travel credit cards available in the market, the above mentioned cards are few of the best travel credit cards in India. These cards are tailored to suit different individual’s needs and requirements. Thus, if you also belong to the category of frequent travellers or fliers, these cards are going to work as the perfect solution to manage all your foreign expenses.

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About FinanceGAB

Ajeet Sharma is a financial blogger and I am blogging since 2017. Financegab is a personal blog dedicated to personal finance. The main aim of this blog to help people to make well-informed financial decisions.
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