Which credit card is best in India with no annual fee?

how to apply for a credit card

Today, plastic money seems to have curtailed the significance and usage of cash. Credit cards have become a vital part of our daily transactions. If the same is used judiciously, it does not only offer convenience and comfort, but also provides rewards, deals, and cash backs. A good credit card is always a welcome addition to the wallet. It builds your credit history, offers lucrative reward programs, and records your expenses among others.

In case you opt for a credit card with an annual fee, you are required to pay the fee at the time of opening your account, and a year later on the same date, an annual fee will be charged. But it may interest you to know that some credit cards don’t charge an annual fee. Some of these cards do not charge an annual fee for the first year, in order to get more people to choose the card. Also, annual fees can be waived off if you use your credit card regularly, and end up spending a considerable amount in the given period.

Best credit cards in India without an annual fee

If you are looking for a new credit card, then you might want to go for a credit card that does not charge an annual fee. That said, you should also bear in mind that zero fee credit cards may not offer you rewards and cashback. Premium credit cards charge a very high fee and offer luxurious perks in return. So, you should make a decision based on how you are planning to use your credit card, along with the benefits the card offers.

If you would like to know how to get a free credit card that does not charge an annual fee, we take a look at some of the options and dive deep into the details.

HSBC Visa Platinum Credit Card

The HSBC Visa Platinum Credit Card offers many benefits and is ideal for those that want the best card for dining, fuel surcharge waiver, and shopping. Other benefits include 2 reward points for every Rs. 150 spent, 5X reward points if you spend Rs. 4 lakh to Rs. 10 lakh in a year, movie ticket voucher, restaurants discount benefits among others.

SBI Card Unnati

If you don’t have a credit history, SBI Card Unnati is the card for you. The card does not have a joining fee or renewal fee for the first four years. The features of this card include one reward point for every Rs. 100 spent, cashback of Rs. 500 for spending Rs. 50,000 per year, and fuel surcharge waiver.

Axis Insta Easy Credit Card

If you are thinking about how to apply for a credit card without having a credit history, Axis Insta Easy Credit Card is yet another good option to consider. It charges no annual fee, provides a 1% fuel surcharge waiver, and offers 15% off on bills at select restaurants. You can obtain this card if you fulfill the minimum fixed deposit requirement at any Axis Bank branch.

ICICI Bank Platinum Chip Credit Card

If you are someone that does not like using a credit card but wants one for emergencies, the ICICI Bank Platinum Chip credit card is the ideal option for you. By using this credit card, you can get up to 15% off on your dining bills, while you can also avail 1% fuel surcharge waiver at all the HPCL petrol pumps across the country. Furthermore, by using this credit card, you also get 2 PAYBACK Points for every Rs. 100 you spend. You also don’t have to pay anything as a joining fee or annual fee.

Wrapping up

Take your pick depending on your financial profile, credit history, eligibility, spending pattern, and other factors. If you are looking for a powerful card that offers multiple benefits, then you can also opt for the Bajaj Finserv RBL Bank SuperCard, which comes with the power of four cards in one.