#1₹12/yr
Axis Bank SELECT Credit Card
2 EDGE miles/₹150 · Lounge & Premium
Best net value on this list — about ₹12/yr in your pocket after fees on typical spends.
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Age 21–60 · From ₹50,000/mo income · Unsecured
Lounge & Premium·HDFC Bank
Balanced rewards with lounge access.
Age 21–60 · From ₹50,000/mo income · Unsecured
Key Benefits
All 11 benefits →All spends
5 RP/₹200
May 2026 revision — was 4 RP/₹150
Lounge
12 domestic/year
₹60,000 prior-quarter spend from Jul 2026
Milestone
₹5K voucher on ₹5L spend
Travel
10 pts/150
On ₹15,000/mo spend
Signup bonus: ₹2,500 (year 1)
High annual fee — may not pay off at moderate spend
At ₹31,000/mo, net value is -₹670/yr after fees. It turns positive around ₹33,334/mo — and at heavy spend (₹65,000/mo) we estimate ₹4,710/yr.
Model your spends in the calculator →Zero sales calls. Ever.
Caps & exclusions verified · 2026-06-12
On the bank's site: You'll apply on the bank's website. They may ask for contact details and follow up on your application.
We earn commission if approved — at no cost to you.
Issuer updates and CardHungry deep-dives that affect this card.
19 Jul 2026
HDFC Infinia Cancellation / Downgrade Calls: Why You're Being Asked to Spend ₹18L or Lose the Card
Cardholders are posting about the calls on X and Reddit today. Here's what's actually behind them.
11 Jul 2026
Every Credit Card Benefit Cut in India: 2025–2026 Tracker (HDFC, SBI, Axis, ICICI, Amex)
Banks didn’t tweak rewards — they capped, gated, and thinned them. Here’s what changed at the five big issuers, who loses ₹, and what still works.
Rewards, lounge rules, fee perks, and extras — sourced from public issuer information.
Source: HDFC Regalia Gold T&Cs (May 2026 earn + Jul 2026 lounge revision)
Airport lounge, golf, concierge perks
Lounge access: Up to 2 lounge vouchers/quarter — spend-gated from Jul 2026
Spend criteria: From Jul 2026: ~₹60,000 spend in previous calendar quarter for domestic lounge voucher; SmartBuy milestone path may differ — verify MITC
Source: HDFC Regalia Gold T&Cs (May 2026 earn + Jul 2026 lounge revision)
All spends
ChangedMay 2026 revision — was 4 RP/₹150 See what changed
5 RP/₹200
Lounge
Changed₹60,000 prior-quarter spend from Jul 2026 See what changed
12 domestic/year
Milestone
₹5K voucher on ₹5L spend
Fee waiver at
₹4,00,000 annual spend
Lounge access
Up to 2 lounge vouchers/quarter — spend-gated from Jul 2026
Spend criteria: From Jul 2026: ~₹60,000 spend in previous calendar quarter for domestic lounge voucher; SmartBuy milestone path may differ — verify MITC
See worked examples of how points convert to cash value
travel — 10 pts per ₹150 spend
You spend
₹10,000
You earn
667 pts
Worth ≈
₹233.33
@ ₹0.35/point
Capped at ₹15,000/month spend for accelerated rate
all — 5 pts per ₹200 spend
You spend
₹10,000
You earn
250 pts
Worth ≈
₹87.50
@ ₹0.35/point
Redemption reality: Point value varies — cashback redemption is typically lower than travel partner transfers. We use a conservative ₹0.35/pt in calculations. Points expire in 24 months if unused.
Based on moderate spend for this market
Est. net annual
-₹670
per year
Annual fee
₹2,950
per year
Effective return
-0.2%
of spend
Rewards minus annual fee on your spend profile
Annual fee ₹2,500 · Forex 2% on international transactions — tap for full fees
Joining fee
Charged in first year
₹2,500
Annual / renewal fee
Waived on ₹4,00,000 annual spend
₹2,500
Forex markup
2% on international transactions
Finance charges
≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid
Late payment fee
₹400–₹1,300 depending on statement balance — always pay on time
Reward redemption fee
Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee
Example: moderate user · Steady year
Signup bonus is excluded here — switch to Year 1 on the hero or open the calculator for first-year value.
Formulas and assumptions: How we calculate NAV
21–60 years · ₹50,000/mo — tap for full criteria
Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.
At moderate spend (₹31,000/mo), gross rewards are about ₹2,520/year. After the ₹2,500 annual fee, net value is approximately -₹670/year. Use the calculator above to model your own spends.
₹50,000/month for salaried applicants (indicative — bank decides).
EMI transactions, Fuel, Rent, Wallet top-ups.
Deeper rankings and comparisons for similar use cases.
Axis Bank SELECT Credit Card
2 EDGE miles/₹150 · Lounge & Premium
Best net value on this list — about ₹12/yr in your pocket after fees on typical spends.
ICICI Sapphiro Credit Card
4 RP/₹100 · Lounge & Premium
Strong runner-up at -₹1,862/yr net — roughly ₹1,874 behind #1 on the same spend mix.
Kotak White Credit Card
2X reward points · Lounge & Premium
Worth a look — -₹3,420/yr net, still ahead of 0 other eligible cards.
Approval estimate based on public eligibility criteria. Indicative only. Not a guarantee of approval.
