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New Credit Cards Launched in 2023-24

New Credit Cards Launched in 2023-24

If you are looking for a new credit card in 2024, you might be overwhelmed by the number of options available. There is a card for every need and preference, from cashback to travel rewards, from low-interest rates to no annual fees. But how do you choose the best one for you? In this blog post, we will review some of the new credit cards launched in 2023-24 and compare their features, benefits, and drawbacks. We will also give you some tips on how to apply for a credit card and use it wisely. Whether a beginner or a seasoned cardholder, this post will help you find the perfect credit card for your financial goals.


IndusInd Bank EazyDiner Credit Card:

IndusInd Bank EazyDiner Credit Card is a co-branded card that offers exclusive benefits on dining and travel. The cardholders can enjoy up to 50% off on over 2000 restaurants across India, complimentary EazyDiner Prime membership for 12 months, and free airport lounge access. The card also rewards the users with 3X reward points on online spends and 1.5X reward points on all other spends. The annual fee of the card is Rs. 1500, which can be waived off on spending Rs. 1.5 lakh in a year.

  • Joining Fees: INR 1999

  • Interest Rate: 39.99% per annum on outstanding balance after the due date and on cash advances.

  • Welcome Benefits: The Postcard Hotel stay voucher worth INR 5,000, and 2000 welcome bonus EazyPoints.

  • Special Feature: Enjoy 12 months EazyDiner Prime membership worth INR 2,495. Enjoy GUARANTEED 25% up to 50% OFF at over 2000+ premium restaurants & bars.


Federal Bank MagniFi Credit Card:

If you are looking for a credit card that offers you great rewards, discounts, and benefits, you might want to check out the Federal Bank MagniFi Credit Card. This card is designed to suit your lifestyle and spending habits and to reward you for every transaction you make. Whether you shop online or offline, dine out or travel, pay bills, or book tickets, you can earn reward points, cashback, vouchers, and more with the Federal Bank MagniFi Credit Card.

  • Joining Fees: Nil

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

  • Welcome Benefit: Get 1000 Fi-coins on your first spend of Rs. 1000 within 30 days of card issuance.

  • Special Feature: Lifetime Free Credit Card which provides 20% Cashback every weekend on Zomato, Blinkit, AJIO, and BookMyShow.


YES Bank Marquee Credit Card:

The YES Bank Marquee Credit Card is a premium card that offers exclusive benefits and rewards to its customers. The card features a low interest rate of 1.2% per month, a high credit limit of up to 10 lakhs, and a flexible repayment option of up to 50 days. The card also offers a range of lifestyle privileges, such as complimentary lounge access, movie tickets, golf lessons, and travel insurance. The cardholders can also earn reward points on every transaction, which can be redeemed for cashback, vouchers, or air miles. The YES Bank Marquee Credit Card is ideal for those who want to enjoy a luxurious and convenient lifestyle.

  • First-Year Membership Fee: INR 9,999 + Applicable Taxes

  • Interest Rate: 2.99% per month (35.88% annually)

  • Welcome Benefit: 60,000 YES Rewardz Points as Joining Benefits.

  • Special Feature: Unlimited Access to airport lounges internationally for Primary & Add-on card holders.



The IDFC FIRST SWYP Credit Card is a new product from IDFC FIRST Bank that offers a range of benefits for young and savvy customers. The card allows you to customize your credit limit, rewards, and fees according to your lifestyle and preferences. You can also access exclusive deals and discounts on various online and offline platforms, such as Amazon, Flipkart, Zomato, Swiggy, Myntra, and more. The card also comes with features such as instant issuance, contactless payments, and zero-cost EMI options. The IDFC FIRST SWYP Credit Card is designed to give you more control and flexibility over your finances, while also rewarding you for your spending habits.

  • Joining fee: ₹199 + GST

  • Interest Rate: The IDFC FIRST SWYP Credit Card is unique in that it doesn't charge a traditional interest rate. Instead, it uses a flat fee system for converting purchases above ₹2,500 into EMIs (Equal Monthly Installments).

  • Welcome Benefits: Free Lenskart Gold Membership on payment of joining fees, Get 1,000 Reward Points on 1st successful EMI transaction within first 30 days from card issuance, Unlock a complimentary 1-year Times Prime Membership on net spends of ₹30,000 or more within the first 90 days of card issuance. 

  • Special Feature: The IDFC FIRST SWYP Credit Card is unique in that it doesn't charge a traditional interest rate. 



In conclusion, the new credit cards launched in 2023-24 offer a variety of benefits and features for different types of consumers. Whether you are looking for cashback, rewards, low-interest rates, or security, there is a card that suits your needs and preferences. However, before you apply for any of these cards, make sure you compare them carefully and read the terms and conditions. You should also check your credit score and budget to see if you can afford the monthly payments and fees. Remember, a credit card is a tool that can help you manage your finances, but only if you use it wisely and responsibly.

Points to Consider While Choosing a Credit Card:

Credit cards are convenient and useful tools for managing your finances, but they also come with risks and responsibilities. Choosing the right credit card for your needs and preferences can be a daunting task, especially with so many options available in the market. Here are some things to remember while choosing a credit card that suits you best.

Interest rate:

The interest rate, also known as the annual percentage rate (APR), is the cost of borrowing money from the credit card issuer. It is expressed as a percentage of the amount you owe on your card. The higher the interest rate, the more you will pay in interest charges over time. Therefore, you should look for a credit card that offers a low interest rate, especially if you plan to carry a balance from month to month. Some credit cards may offer introductory or promotional rates that are lower than the regular rates, but they usually expire after a certain period of time. You should also be aware of the different types of interest rates that may apply to your credit card, such as purchase, cash advance, balance transfer, or penalty rates.

Fees and charges:

Credit cards may charge various fees and charges for different services or transactions. Some of the common fees and charges include annual fees, late payment fees, over-limit fees, foreign transaction fees, cash advance fees, balance transfer fees, and returned payment fees. You should compare the fees and charges of different credit cards and choose one that has low or no fees for the services or transactions that you use frequently. You should also read the fine print and understand the terms and conditions of your credit card agreement to avoid any hidden or unexpected fees.

Rewards and benefits:

Credit cards may offer rewards and benefits to attract and retain customers. Rewards are points, miles, cash back, or other incentives that you can earn for using your credit card for eligible purchases. Benefits are features or services that enhance your credit card experience, such as insurance coverage, purchase protection, extended warranty, travel assistance, concierge service, or access to discounts or special offers. You should look for a credit card that offers rewards and benefits that match your spending habits and lifestyle. For example, if you travel frequently, you may want a credit card that offers travel rewards and benefits, such as airline miles, hotel points, free checked bags, or airport lounge access. However, you should also consider the costs and limitations of the rewards and benefits programs, such as annual fees, redemption fees, expiration dates, caps, or exclusions.

Credit limit:

The credit limit is the maximum amount of money that you can borrow from your credit card issuer. It is determined by your credit history, income, and other factors. The credit limit affects your credit utilization ratio, which is the percentage of your available credit that you use. A high credit utilization ratio can lower your credit score and indicate that you are overextended or have difficulty managing your debt. Therefore, you should look for a credit card that offers a reasonable credit limit that meets your needs and expectations. You should also avoid maxing out your credit card or exceeding your credit limit, as this can result in fees, higher interest rates, or declined transactions.

Customer service:

Customer service is an important aspect of choosing a credit card, as it reflects how well the credit card issuer treats its customers and handles their issues or complaints. You should look for a credit card that offers reliable and responsive customer service through various channels, such as phone, email, chat, or social media. You should also check the reviews and ratings of different credit card issuers and see how they perform in terms of customer satisfaction and complaint resolution.


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