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Budget 2024: Nothing for Middle Class But These 5 Credit Cards Can Help You Manage Your Budget

Budget 2024: : Nothing for Middle Class But These 5 Credit Cards Can Help You Manage Your Budget

The Budget for 2024 has brought forth several measures aimed at benefiting the poor and the middle class, reflecting a commitment to economic inclusivity. The government has introduced targeted incentives to encourage home ownership, making it easier for middle-class families to fulfill the dream of owning a house. Additionally, there is a focus on enhancing the quality of education and healthcare services, ensuring that the middle class can access affordable and high-quality facilities. The budgetary allocations demonstrate a strategic intent to foster the financial well-being of the middle class, recognizing their pivotal role in driving economic growth and stability. However, there was no such notable aspect in the revision of income tax slabs, providing relief to middle-income earners.

As we step into the fiscal year of 2024, the eagerly awaited Budget carries the weight of the expectations and aspirations of the populace. The economic landscape is continually evolving, and the Budget for 2024 reflects the government's vision for navigating these changes. Amidst discussions on national financial strategies, it's also crucial for individuals to ponder their budget management. In this era of digital transactions, credit cards play a significant role in our daily financial transactions. Leveraging credit cards wisely can be a key component of effective budget management at the household level. The Budget 2024 brings an opportunity for individuals to align their personal financial goals with the broader economic policies, and understanding how to utilize credit cards responsibly can be a crucial aspect of achieving financial stability.

In this blog, we’ll be reviewing the Top 5 Credit Cards that can help you manage your personal household budget effectively and efficiently.



Do you feel the burden of rising fuel prices? What if we told you that you might receive up to 6% in exchange for the fuel you buy at BPCL gas stations? And that's not all at all! For every ₹100 you spend on dining out, department stores, groceries, and movies, you'll also receive 10 reward points.

The SBI BPCL Octane Credit Card is a good choice for people who spend a lot of money on groceries, entertainment, and other expenses like gas. Among its most notable advantages are the fast rewards on a variety of spending categories and the high value back on fuel purchases at specific BPCL gas stations, both of which can help users save money on their regular expenses. The card's benefits include access to airport lounges, travel insurance, and a welcome bonus.

Before applying for this credit card, there are a few things to think about. Potential applicants should consider whether they will be able to fully utilize the card's features to justify the ₹1,499 yearly charge, as it is on the higher side.

  • Annual Fee (one time): INR 499 + Taxes.

  • Interest Rate: 3.50% per month (42% per annum)

  • Welcome Benefit: Get 6000 bonus reward points worth INR 1500 on payment of annual fees.

  • Special Feature: Get 25 point on spend of every INR 100 at BPCL petrol pumps + Bharat Gas + BPCL fuel lubricants. Value of 1 point = INR 0.25. Effective cashback rate: 6.25% (Capped at 2500 reward points per month).


Tata Neu Infinity HDFC Credit Card:

The Tata Neu Infinity HDFC Credit Card is a premium co-branded credit card offering rewards and benefits within the Tata ecosystem and beyond.

In addition to shopping, the card provides travel, insurance, and lifestyle benefits. Furthermore, complimentary access to both local and international airport lounges is provided to cardholders. With this card, you also receive card liability insurance, air accident insurance, and many other perks. With this card, contactless payments are quick and simple. And the Card even works on UPI. 

The Tata Neu Infinity HDFC Credit Card can be a good option for frequent Tata app users and those who spend heavily on groceries, utilities, and fuel. However, the high joining and renewal fees, along with the cap on NeuCoin earnings, make it less attractive for general spending. Be sure to consider your spending habits and compare it with other cards before applying.

  • Joining/Renewal Membership Fee – ₹1,499/- + Applicable Taxes 

  • Interest Rate: 3.49% per month i.e. 41.88% annually

  • Welcome Benefit: Get 1,499 NeuCoins on Tata Neu App (as reversal of 1st Year Membership Fees), applicable on 1st Transaction done within 30 days of card issuance and will be available to claim inside Tata Neu App within 60 days of such transaction.

  • Special Feature: 5% cashback as NeuCoins on Non-EMI Spends on Tata Neu and partner Tata Brands.


Myntra Kotak Credit Card:

The Myntra Kotak Credit Card caters to frequent shoppers on Myntra and offers additional benefits for specific partner merchants. In addition to numerous other perks, this card offers you an automatic 7.5% discount on Myntra purchases, a Myntra gift card, 1.25% cashback on other purchases, free lounge access, and savings on movie tickets.

Compared to the Flipkart Axis Credit Card, which only offers 5% cashback on Myntra purchases, this card offers much more discounts. For people who prefer traveling within the nation, this credit card also offers access to domestic lounges, which is a terrific benefit. This card offers reasonable cashback rewards and other features for a ₹500 annual fee.

  • Joining and Annual Fees: INR 500

  • Interest Rate: 3.7% per month, 44.4% per year

  • Welcome Benefit: Kickstart Your Myntra x Kotak Credit Card Experience with a Myntra Voucher worth Rs.500 on activation of the card. Complete 1 transaction worth Rs. 500 or more within 30 days of card issuance to be eligible for the activation benefit.

  • Special Feature: Instant Discount of 7.5% on Myntra


AU Small Finance Bank ixigo Credit Card:

In partnership with ixigo, AU Small Finance Bank has introduced its first co-branded travel credit card. For a limited period, the ixigo AU Credit Card is available as lifetime free credit card. Its main value to clients is travel. This card grants access to lounges at domestic and international airports as well as railway lounges.

The AU Small Finance Bank ixigo Credit Card offers great value for frequent domestic travelers who primarily book through Ixigo and can maximize its travel benefits. However, if you travel internationally often, spend heavily offline, or prefer wider reward redemption options, other cards might be more suitable. Consider your travel habits, spending patterns, and desired rewards before making a decision.

  • Joining and Annual Fees: Nil

  • Interest Rate: 3.49% Per Month 41.88% annually

  • Welcome Benefit: You get 1000 Reward Points and Rs. 1,000 worth of ixigo money vouchers on making your first transaction within the first 30 days of card issuance.

  • Special Feature: 10% discount on flight bookings, bus bookings, and hotel bookings through ixigo. Along with this PG charges are also waived on train bookings twice a month.


Yes Bank Wellness Plus Credit Card:

The Yes Bank Wellness Plus Credit Card caters to individuals focusing on health and wellness, offering benefits on healthcare spending and rewards.

For every Rs. 200 spent with this card, you will receive 6 reward points; if you spend this amount on pharmaceuticals or chemist stores, you will receive 5x reward points. Every YES PayNow signup that is successful earns you 1000 Reward Points. Cardholders also receive free preventative health screenings via the Aditya Birla Multiply app and 12 free fitness sessions per month as part of their health benefits. Regarding its travel perks, you receive twice a year free access to domestic lounges at more than thirty Indian airports.

  • Joining/Annual Membership fees: INR 1499 + GST

  • Interest Rate: 3.8% p.m (45.6% p.a)

  • Welcome Benefit: Get a FREE Amazon voucher worth INR 500 on spending INR 1000 within first 30 days.

  • Special Feature: Up to 12 complimentary fitness sessions per month: You can get up to 12 complimentary fitness sessions per month, such as Gym, Yoga, and Zumba.



In conclusion, Budget 2024 brings a mix of opportunities and challenges for individuals striving to manage their personal finances effectively. One indispensable tool in this endeavor is the judicious use of credit cards. While they offer convenience and financial flexibility, responsible usage is paramount. To navigate the intricate landscape of personal budgeting in the upcoming year, here are some key tips:

  • Create a Comprehensive Budget: Begin by meticulously outlining your income, fixed expenses, and discretionary spending. A clear budget provides a roadmap for financial decisions, helping you stay on track.

  • Understand Credit Card Terms: Familiarize yourself with the terms and conditions of your credit cards, including interest rates, fees, and rewards programs. This knowledge enables informed decision-making and prevents unforeseen financial pitfalls.

  • Monitor Your Spending: Regularly review your credit card statements and track your expenses. This practice not only helps identify unnecessary expenditures but also ensures that you stay within your budgetary limits.

  • Build an Emergency Fund: Allocate a portion of your budget towards building an emergency fund. Having a financial safety net can mitigate the impact of unexpected expenses and reduce reliance on credit cards for unplanned costs.

  • Prioritize Debt Repayment: If you carry a balance on your credit cards, prioritize paying off high-interest debts. This proactive approach prevents the accumulation of interest charges and frees up resources for other financial goals.

  • Take Advantage of Rewards: Maximize the benefits of your credit cards by capitalizing on rewards and cashback programs. However, be cautious not to overspend solely for the sake of earning rewards.

  • Seek Professional Advice: If navigating your personal budget becomes challenging, consider consulting a financial advisor. Their expertise can provide tailored solutions and strategies to optimize your financial situation.

As Budget 2024 unfolds, adapting these practices can empower individuals to manage their household budget effectively, capitalize on the advantages of credit cards, and navigate the ever-evolving economic landscape with confidence. By combining financial literacy with disciplined spending habits, individuals can secure their financial well-being in the face of changing economic dynamics.

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