India is home to more than 450 million millennials, making them the biggest consumer segment in the present-day market. Millennials are individuals born between the years 1981-96, i.e., young professionals who have either just started their professional journey or are on the way up the professional ladder. Most millennials have now been working for a few years and are presently amongst the highest spenders amongst all consumer segments.
As a matter of fact, millennials are the most active Credit Card users globally. There is one simple mantra, “Want it? Get it.”
|Card Types||Annual Fee||Rewards and Benefits|
|SBI SimplySAVE Card||Rs. 499||1 reward point for every 100 Rupees spent on other purchases and payments.|
|HDFC MoneyBack Card||Rs. 500||Earn 2 Reward Points on every Rs 150 spent|
|CITI Cash Back Credit Card||Rs. 500||5% cash back on movie ticket, telephone bill payments, utility bill payments|
|Standard Chartered Platinum Rewards Credit Card||Rs. 250||5x reward points on every Rs. 150 spent on dining and fuel bills|
|ICICI Bank Coral Credit Card||Rs. 500||2x cash reward points on dining, groceries, supermarkets bills|
This financial behaviour makes millennials a big target market for financial institutions. Many banks are now offering Credit Cards developed, especially for millennials. These Credit Cards have all the features that a customer belonging to the category would want. Thus there is also a problem of plenty, as too many choices can make the selection a bit difficult.
If you also belong to the millennial generation and are finding it difficult to select the best Credit Card, here is the list of 5 best Credit Cards recommended for millennials:
HDFC Freedom Credit Card offers numerous benefits and rewards on every transaction, making it an ideal choice for young professionals.
Here are some of the standout features that make the HDFC Freedom Credit Card a perfect choice amongst millennials:
This indeed is one of the most popular HDFC Credit Cards amongst millennials.
This Credit Card by Kotak Mahindra Bank was launched particularly for young professionals who want financial freedom and enjoy benefits on their online transactions. Excellent value back offers to make it an exciting option for millennials.
Following are the most attractive benefits of owning a Kotak Urbane Gold Credit Card:
This is an extremely popular SBI Credit Card that offers excellent benefits and rewards for the millennial generation of customers. Some of the noteworthy features of SBI Card PRIME are:
Citi Rewards Credit Card from Citi Bank provides the customers with attractive rewards and benefits, making the shopping more rewarding. Following are the major features of this card:
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