Gold and jewellery purchases are often excluded from credit card rewards or cashback programs. However, some credit cards make an exception, offering up to 5% back on gold purchases- either as co-branded benefit or through base reward earning on all transactions, inclusive of jewellery spends. Given that these are typically high-value purchases, having a card that offers benefits on this category can yield a great savings for consumers, particularly those who spend a substantial amount on gold purchases frequently.
Here we have compiled a list of the best credit cards with benefits on gold and jewellery spends. While many cards don’t primarily focus on gold purchases, a few stand out by providing co-branded benefits with popular merchants like Tanishq, Zoya, Reliance Jewels, etc. In addition to the co-branded cards, our list also covers cards that include gold spends in their rewards program and provide good returns on this often-excluded category.
List of Credit Cards with Benefits on Gold & Jewellery Spends
Titan SBI Credit Card
Joining fee: ₹2999
Annual/Renewal Fee: ₹2999
Up to 7.5% cashback on Titan group brands
3% back on spends at Tanishq
Product Details
- 3% value-back on spends at Tanishq (Quarterly capping of Rs. 25,000)
- 5% cashback on spends at Mia/Caratlane/Zoya (Quarterly capping of Rs. 10,000)
- 7.5% cashback on spends at World of Titan, Taneira, Titan Eye+, Helios, Fastrack, Skinn, Irth & Sonata (Quarterly capping of Rs. 10,000)
- 6 reward points per Rs. 100 on other spends
Tata Neu Infinity HDFC Credit Card
Joining fee: ₹1499
Annual/Renewal Fee: ₹1499
5% NeuCoins on all non-EMI spends at Tata Neu & its partner brands
8 domestic and 4 international Priority Pass lounge access per year
Product Details
- 1,499 NeuCoins after the first spend within 30 days of card issuance
- 1.5% NeuCoins on UPI, non-Tata brand and merchant EMI spends
- Additional 5% NeuCoins on select spends at Tata Neu app/website
- Low forex markup fee of 2%
Reliance SBI Card PRIME
Joining fee: ₹2999
Annual/Renewal Fee: ₹2999
10 Reward Points per Rs. 100 spent at Reliance Retail Stores
Reliance Retail vouchers of up to Rs. 14,999 on joining
Product Details
- 5 Reward Points per Rs. 100 spent on dining, movies/entertainment, domestic airlines and international spends
- 2 Reward Points per Rs. 100 spent on other retail spends; 1 Reward Point = Rs. 0.25 for Reliance Retail vouchers
- Reliance Retail vouchers of up to Rs. 8,750 on up to Rs. 3 lakh annual spends made at select Reliance Retail Stores
- 8 complimentary visits to domestic and 4 to international airport lounges every year, up to 2 per quarter each
- 1 free movie ticket a month of up to Rs. 250 & discount offers at select Reliance Retail stores
HDFC Infinia Credit Card Metal Edition
Joining fee: ₹12500
Annual/Renewal Fee: ₹12500
Unlimited airport lounge access for primary and add-on members
10x reward points on travel and shopping spends on Smartbuy
Product Details
- 1 RP = 1 Air Mile or Rs. 1 for travel bookings, Apple products and Tanishq vouchers purchased via SmartBuy
- Invite-only card with Club Marriott membership and 12,500 reward points on card activation & renewal
- 5 reward points on every Rs. 150 spent, including spends on insurance, utilities and education
- Access to unlimited golf coaching in India & golf games across the world with 2% forex mark-up fee
- Book 3 nights stay at participating ITC hotels and pay for 2 with 1+1 complimentary weekend buffet
Standard Chartered Ultimate Credit Card
Joining fee: ₹5000
Annual/Renewal Fee: ₹5000
5 rewards per Rs. 150 spent with 1:1 redemption ratio
5% cashback up to Rs. 1,000 on all duty-free spends
Product Details
- Low forex mark-up fee of 2%
- 6,000 reward points on joining & 5,000 reward points on renewal fee payment
- Up to 12 lounge access in a year via Priority Pass on min. Rs. 20,000 monthly spends
- 1 golf game & 1 coaching session per month at premier domestic golf courses
- Up to Rs. 1 crore air travel accident cover & medical insurance of USD 25,000
HDFC Regalia Gold Credit Card
Joining fee: ₹2500
Annual/Renewal Fee: ₹2500
5X reward points on Nykaa, Myntra, Marks & Spencer and Reliance Digital
4 reward points per Rs. 150 across all retail spends
Product Details
- Complimentary Swiggy One & MMT Black Elite Memberships
- Gift voucher worth Rs. 2,500 on the payment of joining fee
- 6 complimentary international lounge visits & 12 complimentary domestic airport lounge visits per year
- Marks & Spencer, Reliance Digital, Myntra or Marriott vouchers worth Rs. 1,500 on Rs. 1.5 Lakh quarterly spends
- Flight vouchers worth Rs. 5,000 on annual spends of Rs. 5 Lakh
American Express® Gold Card
Joining fee: ₹1000
Annual/Renewal Fee: ₹4500
Up to 12,000 bonus Membership Rewards® points per year as milestone benefit
Room upgrade & $100 hotel credit on 2 consecutive nights stay at top hotels worldwide
Product Details
- 1,000 Membership Rewards® points on making 6 spends of min. Rs. 1,000 each in a month
- 5X Membership Rewards® points via Rewards Multiplier
- 1 Membership Rewards® point for every Rs. 50 spent, including fuel and utility spends
- Up to 20% off on dining at partner restaurants
American Express® Platinum Card
Joining fee: ₹66000
Annual/Renewal Fee: ₹66000
Vouchers of up to Rs. 60,000 from Taj, Reliance or Postcard Hotels on spending Rs. 50,000 in first 2 months
Complimentary access to multiple lounge access programs
Product Details
- Benefits of Rs. 44,300 at the finest hotels/resorts worldwide, like the Four Seasons, Mandarin Oriental, The Ritz-Carlton, etc.
- Access to top-tier hotel loyalty programs, like Marriott Bonvoy™ Gold Elite, Hilton Honors Gold, Taj Reimagined Epicure, Radisson Rewards Gold, etc.
- Invitations to VIP-only events & access to pre-sale tickets & some of the best seats at Fashion Week, Grammy Award, Wimbledon, etc.
- Eazy Diner Prime membership with up to 50% off at premium restaurants in India
- Vouchers worth Rs. 35,000 from Taj Hotels, Reliance Brands Ltd., Postcard Hotels on annual spends of Rs. 20 Lakh
Video: 5 Best Credit Cards for Jewellery Purchases in India 2024
Note: Details mentioned in the video have been sourced from the issuer’s website as of October 2024. For updated information, refer to this page.
1. Titan SBI Credit Card
Among multiple benefits around numerous Titan-owned brands, the Titan SBI Card offers substantial returns on four different gold jewellery brands: Tanishq, Zoya, Caratlane, and Mia. Unlike most co-branded credit cards that limit the benefits to one brand, this card gives consumers an opportunity to shuffle between different brands. Value-back is offered as cashback, but there is quarterly capping, hence consumers should plan their purchases accordingly. For instance, cashback earned on Carartlane, Mia and Zoya is capped at Rs. 10,000 per quarter, which means spends above Rs. 2 Lakh in a quarter made on these brands will not earn any accelerated benefits. Hence, it is better to split big-ticket jewellery spends across different quarters to derive maximum value.
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Annual Fee: Rs. 2,999 (waived off on spending Rs. 3 Lakh) |
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Benefits on Gold Spends:
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Other Features and Benefits:
- 7.5% cashback on World of Titan, Taneira, Titan Eye+, Helios, Fastrack, Skinn, Irth & Sonata
- 1.5% back i.e. 6 reward points per Rs. 100 on all other spends
- Redeem rewards against Titan Vouchers (per reward value Rs. 0.25)
- Bonus 12,000 reward points worth Rs. 3,000 on card activation
- Additional benefits worth Rs. 5,000 on annual spends of Rs. 5 Lakh
- Additional benefits worth Rs. 10,000 on annual spends of Rs. 10 Lakh
- 8 complimentary domestic airport lounges access every year (2 per quarter)
- 4 complimentary international airport lounge access in the first two years (2 per quarter)
- Complimentary Priority Pass Membership
2. HDFC Bank Tata Neu Infinity Credit Card
Another co-branded card offering benefits on gold and jewellery spends is Tata Neu Infinity HDFC Bank Credit Card. In addition to its list of popular everyday brands like Tata 1 MG, bigbasket, Tata CLiQ etc, the card also offers accelerated benefit on popular jewellery brand- Tanishq. Cardholders can earn up to 5% cashback in the form of NeuCoins, which can again be utilized across these brands, reaffirming the card’s co-branded identity. On their Tanishq spends, users can earn cashback on monthly spends of up to Rs. 6 Lakh every month and annual spends of up to Rs. 18 Lakh. Though restricted, the limit is quite high and can yield great returns of up to Rs. 30,000 in a month and up to Rs. 90,000 in a year.
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| Annual Fee: Rs. 1,499 (waived off on spending Rs. 3 Lakh) | |
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Benefit on Gold Spends:
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Other Features and Benefits:
- 5% back on spends at Tata Neu app and partner Tata brands (on non-EMI spends- Check list of partner brands)
- 1.5% back on other spends (including any merchant EMI spends)
- 1.5% back on UPI spends via RuPay variant (up to 500 NeuCoins per month)
- Additional 5% back on transactions done via Tata Neu App/Website
- 8 complimentary domestic lounge access visits per year (2 per quarter)
- Up to 4 complimentary lounge access visits outside India per year via Priority Pass membership
3. Reliance SBI Card Prime
This co-branded card from SBI Card and Reliance Group covers diverse lifestyle categories and gold purchase is one of them. Consumers can earn an accelerated 2.5% value back and get vouchers as milestone benefits on multiple Reliance Group brands, including Reliance Jewels. Since the benefits on gold spends are limited to Reliance Jewels, consumers will have to compromise on other brand preferences, if any.
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| Annual Fee: Rs. 2,999 |
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Benefits on Gold spends:
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Note: 2% discount applicable on making charges for Gold & 2% On Diamond invoice value, applicable on select SKUs in Gold & Diamond.
Other Features and Benefits:
- Reliance Retail voucher worth of Rs. 3,000 on payment of card activation
- 10 reward points for every Rs. 100 spent on Reliance Retail Stores (Check list of participating Reliance brands)
- 5 reward points for every Rs. 100 spent on dining, movies & entertainment, domestic airlines and international spends
- 2 reward points for every Rs. 100 spent on other retail purchases
- Per reward value is Rs. 0.25
- Reliance Retail Voucher worth Rs. 1,500 on annual Spends of Rs. 75,000; worth Rs. 2,250 on annual spends of Rs. 1,50,000 and worth Rs. 5,000 on annual spends of Rs. 3,00,000at participating Reliance Retail Stores
- Complimentary movie ticket every month worth Rs. 250
- 8 complimentary domestic airport lounges per calendar year (subject to 2 per quarter)
- 4 complimentary international airport lounges per calendar year (subject to 2 per quarter)
- 1% fuel surcharge across all petrol pumps in India, for transactions between Rs. 500 and Rs. 4,000
4. HDFC Bank Infinia Credit Card
HDFC Infinia is another all-round credit card offering an excellent reward rate of 3.33% on multiple categories including gold spends. It is an invite-only credit card offered only to selected customers. Benefits are not limited to reward earning; cardholders can also directly redeem rewards against Tanishq vouchers in the ratio of 1:1. Though non-Tanishq spends also yield a good return, those who prefer Tanishq for gold purchases can well utilize the card benefits. Due to multiple redemption options available, the card is a good fit for those who frequently spend on gold spends but also want all-round benefits across travel and shopping.
Note: As HDFC Infinia is an invite-only card, you cannot apply for it. However, you can get the same value-back on gold purchases and other spends through HDFC Diners Club Black Credit Card. Travel and lifestyle benefits on both the cards are also similar.
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| Annual Fee: Rs. 10,000 (waived off on spending Rs. 10 Lakh) |
Benefits on Gold Spends:
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Other Features and Benefits:
- 5 reward points for every Rs. 150 spent across all retail categories including insurance, utilities and education
- Up to 10X Rewards on travel and shopping spends via SmartBuy
- 12500 bonus reward points on joining and renewal fee payment
- Complimentary Club Marriott membership as welcome benefit with benefits: up to 20% off on food and beverages, 20% off on stays and 20% off on spa services ; room upgrade vouchers and 30 % off on best available rates
- Unlimited domestic lounge access for primary and add-on cardholders
- Unlimited international lounge access via Priority Pass for primary and add-on cardholders
- Complimentary free night stay offer at ITC Hotels ; 1+1 complimentary buffet
- Low forex mark-up fee of 2%
- Global concierge service
- Unlimited complimentary golf games in India and abroad
- Flat 15% discount via Swiggy Dineout
- 1% fuel surcharge waiver on fuel transactions
5. Standard Chartered Ultimate Credit Card
Another all-rounder credit card in this list is the Standard Chartered Ultimate Credit Card. The card comes at a high reward rate of 3.33% and gold purchase is not in its list of exclusions. Though largely known for its travel benefits like accelerated return on duty-free spends and low forex mark-up fee, the card can fetch users good reward points on gold transactions, which can later be redeemed across multiple categories.
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| Annual Fee: Rs. 5,000 |
Benefit on Gold Spends:
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Other Features and Benefits:
- 6,000 complimentary reward points worth Rs. 6,000 on card activation (on payment of joining fee)
- 5 reward points for every Rs. 150 spent on eligible spends
- Per reward value= Rs 1
- Low foreign currency markup fee of 2%
- 5% cashback on duty free spends
- Complimentary Priority Pass membership
- 1 free lounge visit per month on spending Rs. 20,000 in the previous billing cycle
- 1 complimentary golf game per month
6. HDFC Regalia Gold Credit Card
HDFC Bank Regalia Gold credit card is an all-rounder credit card that rewards consumers on every spend, including gold purchase. The card comes with a good reward rate of 1.73% for gold purchases, along with other travel and lifestyle benefits. Since the card comes with multiple redemption options like flights and hotel bookings, air miles, etc., cardholders can earn substantial rewards through high-ticket purchases like gold and jewellery, and redeem them across multiple categories. Additionally, users also get access to the ‘Exclusive Gold Catalogue’, covering premium brands like Apple, Fitbit, etc. An important point to note is that the card comes with a capping of 50,000 reward points in a statement cycle across all categories. Thus, making a big-ticket purchase on gold spend might limit your reward earning on other spends.
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| Annual Fee: Rs. 2,500 (waived off on spending Rs. 4 Lakh ) | |
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Benefit on Gold Spends:
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Other Features and Benefits:
- Complimentary Club Vistara Silver and MMT Black Elite Membership; Gift voucher worth Rs. 2,500 on card activation
- 4 reward points for every Rs. 150 spent (including insurance, utilities and education)
- 20 reward points for every Rs. 150 spent at selected brands- Nykaa, Myntra, Marks & Spencer and Reliance Digital
- Complimentary Priority Pass Membership
- Up to 6 complimentary lounge visits in a year
- 12 complimentary domestic lounge access visits in a year
- Rs. 1,500 voucher from Marks and Spencer, Reliance Digital, Myntra or Marriott on spending Rs. 1.5 Lakh in a quarter
- Flight vouchers worth Rs. 5,000 on spending Rs. 5 Lakh in a year
- Additional flight voucher of Rs. 5,000 on spending Rs. 7.5 Lakh
7. American Express Gold Card
American Express Gold Credit Card is best known for covering some often excluded brands in its reward program, like utilities, fuel, and even gold spends. Hence, consumers can earn rewards on their big-ticket gold spends. The earning is even more with the Rewards Multiplier platform, as users earn 5-times more reward points on some popular gold and jewellery brands like Tanishq and Giva, among 60+ other lifestyle brands. In comparison to other cards in this list that offer either co-branded or general reward benefits on gold purchases, this card offers both.
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| Annual Fee: Rs. 4,500 |
Benefits on Gold Spends:
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Other Features and Benefits:
- 1 Membership Rewards® point for every Rs. 50 spent
- 5X Membership Rewards® points on purchases made via Rewards Multiplier
- No capping on Membership Rewards® points
- Bonus 4,000 Membership Rewards® points on card activation ( on spending Rs. 10,000 with 90 days)
- Bonus 1,000 Membership Rewards® points ( on completing 6 transactions worth Rs. 1000 in a month)
- Complimentary room upgrade and hotel credits on staying 2 consecutive nights on 400+ hotel across the world like Hyatt, Hilton Hotels etc.
- Bonus 5,000 Membership Rewards® points on card renewal
- Up to 20% off on dining bills at partner restaurants
8. American Express Platinum Card
Another American Express credit card on this list is the American Express Platinum Card. This card also comes with as few exclusions as possible and covers gold spends in the rewards program. However, the card comes at a high annual fee of Rs. 66,000—the highest for the cards in this list. Users can earn 5x rewards via the Reward Multiplier (on brands like Tanishq and GIVA) and even 20x rewards via the Rewards Xcelerator, covering brands like Moi Jewels, Zoya, and Bvlgari. The card is largely suitable for high-income earners.
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| Annual Fee: Rs. 66,000 |
Benefits on Gold Spends:
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Other Features and Benefits:
- Stay vouchers worth Rs. 45,000 from Taj, SeleQtions and Vivanta Hotels (subject to payment of joining fee and spending Rs. 50,000 in first two months)
- Complimentary Times Ace Memberships with access to 40+ OTT and publications including Disney+ Hotstar, Discovery+ and more
- Vouchers worth up to Rs. 35,000 from Taj Hotels, Reliance Brands Limited (Luxe Gift Card), Postcard Hotels & Resorts on spending Rs. 20 Lakh in a year
- Complimentary benefits worth Rs. 44,300 at some of the finest hotels and resorts like the Four Seasons Hotels and Resorts, Mandarin Oriental, The Ritz-Carlton and more
- 25% off at Taj, SeleQtions and Vivanta Hotels; 50% off on Suites at Oberoi Hotels and Resorts
- Free nights, dinner and spa benefits across Lalit Group of Hotels (10 select properties)
- Complimentary hotel memberships like Accor Plus Traveller Membership, The Postcard Hotel Sunshine Club – Platinum Tier Membership, Marriott Bonvoy™ Gold Elite Status, Taj Reimagined Epicure Plus and more
- Access to over 1,300 airport lounges across the globe via American Express Global Lounge Collection (American Express Lounges, Priority Pass Lounges, Escape Lounges, The Centurion Lounge, Delta Sky Club Lounge (when flying Delta) and Other Domestic Partner Lounges in India)
- Exclusive deals and offers on popular airlines, including Emirates, Qatar Airways, Virgin Atlantic, Air France, KLM, Delta Airlines and much more.
- Unlimited complimentary golf games and lessons at 30+ golf courses in India and 50+ golf courses worldwide.
- 1 Membership Reward Point for every Rs. 40 spent
- 3X Membership Reward Points on all international spends
- 5X Membership Reward Points on spends at popular brands like Myntra, Apple, Dyson, MakeMyTrip and more through Reward Multiplier
- 4 additional bonus Membership Reward Points for every Rs. 100 spent on fuel, capped at 5,000 points per month
- Access to pre-sale tickets of VIP-only events and experience
- Up to 50% off at premium restaurants with complimentary EazyDiner Prime Membership
- 24×7 concierge services for last minute reservations, assistance regarding visa and much more