There are lots of best credit cards in India with no annual fee, but before choosing any credit for yourself you need to know about the credit very carefully. In this article, we will suggest the best credit card and its features. I am sure you will be very happy with this article.
Best credit cards in India With No Annual Fee
No annual fee credit cards are essential for those who want to maximize the benefits of a credit card without incurring additional costs. They are especially attractive for individuals who want to build or improve their credit score while keeping their expenses in check.
1. HDFC Bank MoneyBack Credit Card
The HDFC Bank MoneyBack Credit Card is a popular choice among credit card users in India, and for good reason. It offers a range of benefits and features that cater to a wide array of spending habits and lifestyles. This card is ideal for those looking to make the most of their everyday purchases. Here’s a closer look at what makes this credit card stand out.
Features HDFC Bank MoneyBack Credit Card
- Cashback Rewards: One of the standout features of the HDFC Bank MoneyBack Credit Card is its cashback rewards program. Cardholders can earn money back on every transaction, making it a lucrative option for regular spenders.
- Reward Points: In addition to cashback, the card also offers reward points on every purchase. These points can be accumulated and later redeemed for various gifts and merchandise.
- Zero Annual Fee: As the topic suggests, this card comes with no annual fee, making it a cost-effective choice for those who want to enjoy the benefits of a credit card without extra charges.
- Fuel Surcharge Waiver: Cardholders can enjoy a fuel surcharge waiver at all fuel stations in India, which is a handy feature given the rising fuel prices.
- Interest-Free Credit: The HDFC Bank MoneyBack Credit Card provides an interest-free period, allowing you to make purchases without incurring interest if you pay the outstanding balance in full before the due date.
- Contactless Payment: The card supports contactless payment options, making transactions faster and more convenient.
2. ICICI Bank Amazon Pay Credit Card
The ICICI Bank Amazon Pay Credit Card is a sought-after credit card in India, known for its exclusive tie-up with Amazon and a range of benefits that cater to both online shoppers and everyday consumers. This credit card, co-branded with Amazon, offers a unique set of features that make it a popular choice among Indian consumers. Here’s an in-depth look at what sets this card apart.
Features ICICI Bank Amazon Pay Credit Card
- Amazon Pay Benefits: As the name suggests, this card is closely affiliated with Amazon. It offers cashback in the form of an Amazon Pay balance, making it particularly attractive for Amazon shoppers. Users can earn substantial rewards on Amazon purchases.
- Welcome Gift: New cardholders receive an Amazon Pay Gift Card as a welcome gift. This provides an immediate value to cardholders.
- Accelerated Rewards: The card offers accelerated rewards for spending on Amazon, both on the Amazon website and app. This means you can earn more rewards for your Amazon shopping.
- Dining and Fuel Benefits: Apart from Amazon, the card provides cashback on dining and fuel expenses, making it suitable for everyday use.
- Zero Annual Fee: This card doesn’t come with an annual fee, making it a cost-effective choice for those looking to save on credit card expenses.
- Contactless Payments: The card supports contactless payment options, making transactions quick and hassle-free.
Also Read:
5 Best Credit Cards in India for 2023
3. SBI Simply SAVE Credit Card
The SBI SimplySAVE Credit Card is a popular credit card offered by the State Bank of India (SBI). It’s designed to cater to the needs of individuals who want to make the most of their everyday spending, particularly in the areas of dining and groceries. This credit card offers a range of benefits and features that make it a preferred choice for many. Here’s a comprehensive look at what sets this card apart.
Features SBI Simply SAVE Credit Card
- Dining and Grocery Rewards: The SBI SimplySAVE Credit Card is well-known for its rewards in dining and grocery spending. Cardholders can earn cashback and rewards in these categories, making it an excellent choice for food enthusiasts.
- Welcome Offer: New cardholders often receive a welcome gift or bonus points as part of a promotion.
- Milestone Benefits: This card offers additional rewards when you reach specific spending milestones, providing extra value for regular card users.
- Fuel Surcharge Waiver: Like many credit cards, the SBI SimplySAVE Credit Card provides a fuel surcharge waiver at petrol pumps, helping users save on fuel expenses.
- Zero Annual Fee: This card does not come with an annual fee, making it a cost-effective choice for individuals who want to save on credit card expenses.
- Contactless Payment: The card supports contactless payment methods, ensuring convenience and security during transactions.
4. Axis Bank My Zone Credit Card
The Axis Bank My Zone Credit Card is a popular choice among credit card users in India, known for its rewards and benefits tailored to the lifestyle of individuals who enjoy entertainment and leisure activities. This credit card offers a range of features that make it an attractive option for movie buffs and those who love to explore the city. Here’s a closer look at what sets this card apart.
Features of Axis Bank My Zone Credit Card
- Entertainment Rewards: The Axis Bank My Zone Credit Card is recognized for its entertainment rewards. Cardholders can earn cashback, discounts, and rewards on entertainment expenses, including movie tickets, dining, and more.
- Welcome Offer: New cardholders often receive a welcome bonus in the form of gift vouchers or bonus points.
- Fuel Surcharge Waiver: Like many credit cards, this one provides a fuel surcharge waiver at petrol pumps, which can lead to savings on fuel costs.
- Zero Annual Fee: As the topic suggests, this card doesn’t come with an annual fee, making it a cost-effective choice for individuals who want to enjoy the benefits of a credit card without additional expenses.
- Contactless Payments: The card supports contactless payment methods, making transactions swift and secure.
5. Kotak Mahindra Bank Fortune Gold Credit Card
The Kotak Mahindra Bank Fortune Gold Credit Card is a credit card that combines affordability with rewarding benefits. It is designed for individuals who want to make the most of their everyday expenses, including shopping, dining, and travel. This credit card offers a range of features that cater to a variety of spending habits and lifestyle choices. Here’s a comprehensive look at what sets this card apart.
Features of Kotak Mahindra Bank Fortune Gold Credit Card
- Shopping Rewards: The Kotak Mahindra Bank Fortune Gold Credit Card is well-known for its shopping rewards. Cardholders can earn cashback, discounts, and rewards on shopping, both online and offline.
- Dining Benefits: It provides dining privileges such as discounts and offers at partner restaurants, making it an excellent choice for food enthusiasts.
- Fuel Surcharge Waiver: Like many credit cards, this card provides a fuel surcharge waiver at petrol pumps, helping users save on fuel expenses.
- Lifestyle Benefits: The card often offers lifestyle benefits, including access to exclusive events and discounts on select lifestyle products and services.
- Contactless Payments: The card supports contactless payment methods, ensuring quick and secure transactions.
Frequently Asked Questions (FAQs)
1. Are there any hidden fees associated with no annual fee credit cards?
Ans: No, these cards do not have an annual fee, but be sure to read the terms and conditions for any other potential charges.
2. Can I upgrade my no-annual-fee credit card to a card with an annual fee for more benefits?
Ans: Yes, many banks offer such options if you want to enjoy additional perks.
3. What is the minimum income requirement for these credit cards?
Ans: The income requirement varies from one card to another, so check with the issuing bank for specific details.
4. Is it possible to convert purchases into EMIs with no annual fee credit cards?
Ans: Yes, most banks offer EMI conversion options for eligible purchases.
5. How do I redeem the rewards earned on my no-annual-fee credit card?
Ans: You can usually redeem rewards through the bank’s online portal or customer service.