while a credit card works wonders to offer users rewards and alleviates financial anxiety, it usually needs an annual fee to keep your account status active. the concerned bank deducts the fee automatically at the sign-up anniversary.
cardholders dislike such expenditures.
however, the zero annual fee credit card bridges the gap between consumer expectations and bank offerings.
are you looking to sign up for a new credit card or are a first time user entering into the credit market? we recommend diving into the list of the 5 best credit cards with no annual fee available in India today.
the HSBC Visa Premium credit card yields benefits that extend beyond the no annual fee incentive. if you frequently swipe a card for travelling, dining, and online shopping purposes, this is just the right card for you.
as part of their welcome process, the bank offers an Amazon voucher worth ₹500 on a transaction starting ₹500 within 30 days of card issuance. if you're a shopping and networking buff, it's expected that you'll make at least 5 transactions in two months. in this case, the bank offers a generous 10% cashback (up to ₹2,000) on ₹10,000 and more.
that's not all. for movie enthusiasts who can't resist the theatre aura, the salted popcorn, and the chilly soda, BookmyShow offers vouchers worth ₹500 on ₹50,000 spent per month (₹3,000 per cardholder per year).
moving ahead, the card tags various rewards and discounts packages that ensure the holder an incredible living experience. they are:
while it's a bank's job to offer the best deals to its users, the responsibility doesn't end there. HSBC Visa Platinum takes a step ahead to protect its users on account of theft and loss of credit cards.
simply call the helpline numbers to:
these premium benefits are available for the residents of Mumbai, New Delhi, Chennai, Pune, Noida, Hyderabad, and Gurgaon aged between 18 and 65 and earning a minimum annual income of ₹4,00,000.
primarily structured for the Indian entrepreneurial community, Kotak's Fortune Gold credit card is a zero annual fee and interest-free cash withdrawal card, with features that are difficult to turn down.
sign up for a Fortune Gold card to avail the following benefits:
note: this card is applicable for professionals operating from Mumbai, New Delhi, Chennai, Pune, Noida, Hyderabad, Gurgaon, and Kolkata, and earning a minimum income of ₹3 lakh per year.
the primary cardholder can be anywhere between 21-65 years of age, with the secondary holder required to be above 18 years. the latter is entitled to all the benefits as the former.
the Axis Bank Insta Easy credit card is a 0 annual fee - 0 joining fee credit card for individuals having a minimum fixed deposit (FD) of ₹20,000 in Axis Bank.
let's look at their offerings:
in case of theft or loss, the bank replaces the card with no replacement fee. these credit card benefits and protection work best for first-time users (18+) with no credit histories.
Unnati, meaning progress, is what SBI promotes with their credit card offering. offering a 4-year zero annual fee, SBI has taken extra steps to make this card function as a contactless mode of payment.
SBI Card Unnati has the following features:
the card is issued on one eligibility: hold an FD with SBI worth ₹25,000 or more.
the ICICI Bank Platinum Chip credit card is best suited for individuals who step out occasionally for recreation wining and dining. leveraging upon its 0 joining and annual fees policy, this card offers the following advantages:
eligibility: age 23+
we hope you found a favourite from the list of the best credit cards with no annual fee outlined above. since the banks are offering the opportunity to save annual expenses, it's the perfect time to sign up for such credit cards and enjoy the multifold benefits extended.
make your credit card payment via CRED to enjoy CRED coins and other offers.