Home BANKING Top 6 Credit Cards With No Annual Fees In India

Top 6 Credit Cards With No Annual Fees In India

You may have noticed that many credit card companies charge an annual fee. If you are someone who uses the credit card a lot, then you may earn more than the annual fee in rewards and cashback. However, if you use the credit card only sparingly, then you may end up paying for the annual fee out of your pocket without getting any significant benefit.

Even if you do use the credit cards, enough, the annual fee is still eating into your rewards. Did you know that there are many credit cards with no annual fee that still offer many rewards and perks? Here are the best credit cards with no annual fee that you should consider.

The HSBC Visa Platinum Credit Card is the best credit card in the market with no annual fee or joining fee. It offers excellent rewards for those who like to dine out or shop online. You can apply for the card if you are above 18 years of age and have an annual income over INR 4 lakhs. Here are some of the features that make it stand out.

  • You will get an Amazon voucher worth INR 500 for completing your credit card application and another voucher worth INR 500 if you make a transaction greater than INR 500 within 30 days of getting the card.
  • You will 10% cashback if you make at least 9 transactions within the first 90 days and the total of these is greater than INR 10,000
  • You 2 reward points for every INR 150 that you spend on the card
  • The reward becomes 5 times this amount if you have spent more than INR 4 lakh in the year
  • You get a 15% discount when you dine at any of the partner restaurants
  • You also get BookMyShow coupons and discounts for movies, flight bookings, etc.

IndusInd Bank Platinum Card

The IndusInd Bank Platinum Card is perfect for those who like to live and travel in style and appreciate the finer things in life. Although there is no annual fee on the card, you do have to pay the one-time joining fee of INR 3,000 if you are not applying with the help of a third-party source. The credit card offers excellent rewards, and here are some of its features.

IndusInd Bank Platinum Card

  • You get 1.5 reward points for every INR 150 you spend on the card. One reward point is worth INR 0.85.
  • You get complimentary priority pass membership that gives you access to over 700 airport lounges
  • You also get comprehensive insurance coverage
  • You get complimentary concierge service that you can use to make hotel reservations, flight bookings and special events and entertainment bookings
  • You get round the clock Auto-assist all through the year

ICICI Bank Amazon Pay

If you love shopping on Amazon, then this card is a must-have. With no joining or annual fee, the card offers excellent cashback offers when you shop on Amazon. Here are some of its benefits.

  • You get 5% cashback on all Amazon purchases if you are a prime member. The cashback becomes 3% for non-prime members.
  • You also get 2% cashback when you pay via Amazon Pay on its partner merchant’s site
  • You also get 1% cashback on all transactions
  • There is no upper limit or expiry on the earnings. They are transferred to your Amazon Pay balance at the end of each billing cycle.
  • You get a 15% discount when you dine at any of the partner restaurants
  • You get a fuel surcharge waiver of up to 1%

YES Bank Prosperity Reward Plus

The YES Bank Prosperity Reward Plus offers excellent benefits for grocery and supermarket spends. You can apply for this credit card if you are above 21 years of age and have a monthly income of at least INR 25,000. You are also eligible for the card if you have a fixed deposit in YES Bank. Here are some of its features.

  • It has a joining fee of INR 499 which can be reversed if your spend at least INR 10,000 within 90 days of setting up the card
  • It also has an annual fee of INR 499 which can be reversed if you spend at least INR 50,000 on it in a year
  • You get 6 reward points for every INR 200 you spend on grocery shops and supermarkets
  • You get 4 reward points for all other spends
  • You get 1% fuel surcharge on all fuel stations in the country
  • You also get exciting offers for travel, dining, shopping and wellness
  • If you spend more than INR 3.6 lakhs in an anniversary year, you get 12,000 reward points

Axis Insta Easy Credit Card

If you are looking to get your first-ever credit card, then the Axis Insta Easy Credit Card is an ideal choice. If this is your first credit card or you do not have a credit history, you can use this card to build a good CIBIL score. If you do not know how to check CIBIL score, a simple Google search will guide you on the appropriate steps.

  • You need to have a fixed deposit of at least INR 20,000 in Axis Bank to become eligible for the credit card
  • You can set flexible credit limits that are up to 80% of the fixed deposit
  • You will get a 15% discount when you dine at the partner restaurants

ICICI Platinum Chip Credit Card

If you are someone who uses their credit card only sparingly, then the ICICI Bank Platinum Chip Credit Card is ideal for your needs. You can use it to build your credit score without spending a dime on joining or annual fee. Apart from zero joining and annual fee, you also get the following benefits.

  • You get 2 reward points for every INR 100 you spend on the card for retail transactions
  • You get a 15% discount at the partner restaurants and a 1% waiver of fuel surcharge
  • The chip-enabled card enables secure transactions

In Conclusion

With the wide variety of credit cards in the market, you can easily find one that is tailor-made for your needs. The credit cards with zero annual fees are ideal as the first credit card as they let you explore the various ways of using it without losing money on revival fee.

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