Unlock Cash Rewards: Top 5 Credit Cards for Online Gadget Shopping!

If you are a credit card holder and intend to purchase an electronic device soon, it is wise to investigate if your card provides any cashback on the device purchase. Many of us possess a credit card that we employ for various uses such as dining, cinema, and even online shopping.

In the meantime, certain cards are regarded as excellent for earning cashbacks, while others provide alluring deals on entertainment spending, and some are favorable for purchases of gadgets.

Here we outline the credit cards favored by technology enthusiasts

I. Amazon Pay ICICI Credit Card: With this credit card, Prime members can earn 5 percent cashback on Amazon purchases, while non-Prime members can receive 3 percent. This card is ideal for purchasing electronics on Amazon. There are no joining or annual fees attached to it.

You may also utilize this card on Amazon Pay and receive 2 percent cashback on payments to over 100 partner merchants.

II. SBI Cashback Credit Card: This card grants 5 percent cashback on all online expenses, making it attractive for purchasing gadgets from online retailers. It requires a joining fee of ₹999, which can be waived if you spend over ₹2 lakh in the previous year.

The cashback is automatically credited to your SBI Card account within two days after the next statement generation.

III. HDFC Bank Millennia Credit Card: This card provides 5 percent cashback on well-known platforms like Amazon, Flipkart, Myntra and others, making it advantageous for online gadget acquisitions. It also offers 1 percent cashback on all other categories.

The joining and annual fees are ₹1,000 plus any applicable taxes. Additionally, the card provides ₹1,000 worth of gift vouchers when spending reaches ₹1,00,000 or more in each quarter.

IV. Flipkart Axis Bank Credit Card: This card offers 5 percent cashback on Flipkart purchases and 4 percent on select merchants like Swiggy, PVR, CultFit and Uber. This makes it a solid option for buying gadgets on Flipkart. The joining fee is ₹500, and the annual fee is waived if you spend ₹3.5 lakh in the last year.

V. Axis Bank ACE Credit Card: This card grants 5 percent cashback on bill payments and recharges made through Google Pay, along with 4 percent on platforms like Swiggy, Ola and Zomato, and 1.5 percent cashback on all other expenditures.

The joining fee is ₹499, with the annual fee waived for spending ₹2 lakh in the previous year.

Additionally, there are several essential aspects that a cardholder should contemplate when selecting a credit card with the intention to purchase gadgets later on.

Important factors to consider

I. Spending behavior: Choose a card that aligns with your favorite shopping locations to enhance the cashback and rewards.

II. Fees: It is crucial to be aware of the joining and annual fees and determine if they can be waived based on your spending levels.

III. Credit limit: The cardholder should also ensure that the card provides an adequate credit limit to support gadget purchases.

IV. EMI options: Certain cards allow easy EMI conversions for high-value purchases, thus alleviating the financial strain.