Credit card providers often provide special privileges to the first time users to woo them. One of the common privileges which credit cards offer is the welcome gift offered by them.
Those who are not aware welcome gifts (also known as joining benefit) are a popular perk offered by the credit card providers in India to woo new customers.
Key features offered
There are a number of welcome gifts offered. Some banks offer reward points, for instance, 1000 to 10,000 on the first time.
Additionally, there could be gift vouchers for Amazon, Flipkart, Taj, BookMyShow etc. As part of the welcome gift, some card providers provide cashback – upfront or on first transaction (usually between ₹500 to ₹2,000). There could also be air miles and travel benefits especially on travel cards.
Some card providers give complimentary subscriptions such as Amazon Prime, Zomato Gold and Times Prime. Also, some premium cards also offer smart gadgets etc.
Popular cards with welcome gifts
These are some of the popular credit cards which offer great welcome gifts to users. The list is indicative and not exhaustive.
I. HDFC Regalia: This credit card by HDFC Bank gives Complimentary Swiggy One and MMT Black Gold membership as welcome gifts to the new users.
II. SBI Card Elite: This card offers a welcome e-gift voucher worth ₹5,000 and you can choose from an array of travel and lifestyle brands including Yatra, Hush Puppies & Bata, Pantaloons, Aditya Birla Fashion and Shoppers Stop.
III. Axis Bank Magnus Card: This card by Axis Bank provides a voucher worth ₹12,500 from an array of options such as Luxe gift card or the postcard hotels gift voucher or Yatra gift voucher.
IV. Flipkart Axis Bank Bank: This card offers ₹600 worth of activation benefits on your Flipkart Axis Bank credit card.
V. Yes First Exclusive Credit Card: This card offers a Free Amazon voucher worth ₹500 on spending ₹1000 within the first one month.
(Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit. )
