Check out axis privilege card. It's available as FYF. It gives 3,000 points when you pay renewal fee of ₹1,500 + GST. 3,000 points are equal to ₹600 (20p/point) but if you managed to reach 6,250 points then you can redeem for multi brand vouchers and it will give double the value i.e. 40p/point. This can be used on gyftr to earn reward multiplier and ofcourse instant discounts.
Apart from this, magnus and reserve has annual benefits but they have annual fees in 5 digits.