Credit cards help you get numerous amounts of benefits when you planning to make purchases online or at shops. They help you earn reward points, cashback offers etc.
We have compiled a list of top credit card companies for you, this might help you choose the best credit card for you and avail several benefits.
HDFC Bank is one of the largest private sector banks in India, it has the major market share in terms of credit card offerings. HDFC Bank holds 28.4% market share in credit card spending as on July 2022. The company provides a range of banking and financial services to individuals and businesses in India and internationally. At the end of the financial year 2022, HDFC Bank Limited reported 16. 5 million active credit cards.
The State Bank of India (SBI) is one of the largest government banks in India. After the merger of the Bank of Bengal, Bombay, and Madras, the State Bank of India was formed in 1995. SBI is the second largest bank of card issuers in India. State Bank of India continues to dominate the credit cards market in October 2022, with a 19% share.
Axis Bank is one of the biggest privately held banks in India and it is the third-largest credit card issuer in the country. Axis bank provides corporate and retail banking products and services. Axis Bank issues a huge range of credit cards as per the needs and requirements of its customers. As on October 2022, the bank holds 11% of the total market share and has issued approximately around 92,94,011 credit cards by end of 2022.
ICICI Bank is the second-largest private sector bank in India in terms of revenue. ICICI Bank issues credit cards for all kinds of spending categories. The company operates as a network of banks and is engaged in retail and corporate banking, forex and treasury operations. ICICI bank runs many rewards programs. The ICICI bank holds 17% market share in the field of credit cards and has issued around 9.91 million active credit cards.
IDFC FIRST Bank was incorporated on 21 October, 2014 after the merger between IDFC Bank and Capital First Bank. The bank engaged in public markets asset management, institutional broking, infrastructure debt fund, and alternative asset management. IDFC FIRST Bank is popular for offering exclusive cards with maximum benefits and minimum charges.
Bank of Baroda is one of the biggest public sector banks in India, they offer credit cards in various categories like premium or basic credit cards so that everyone can choose as per their need. Bob Financial Solutions Limited is a credit card company that provides credit cards, forex operations, and debit cards. In the financial year 2022, the Bank of Baroda in India reported around 1.1 million active credit cards.
The Ratnakar Bank Limited (RBL) bank is one of the well-established and one of oldest private sector banks in India. RBL bank was incorporated on 14 June 1943 and it is based in Kolhapur, Maharashtra. RBL offers credit cards of different categories such as the Platinum Maxima Credit Card, Platinum Delight Credit Card, etc.
Yes Bank is one of the key players of the Indian banking sector which is also known for its premium credit card services. Credit cards at Yes Banks are available in different variants serving different kinds of requirements such as shopping, travel, rewards, cashback, lounge access, and more. They also provide a host of features like welcome vouchers, reward points, cashback, loyalty programs etc.
(Credit card data input credit: www.statista.com, bfsi.economictimes.indiatimes.com)