Zero Annual Fee Credit Cards
By: Surekha Shetty
Tags: Annual Fees, Marketplaces, Fundstiger, Credit Cards, Lending

Free Credit Card means card without any annual fees or charges. These types of cards are free to hold for the lifetime. In the other words, there are no annual fees or charges to hold this card. You just need to pay for what you use.

Free Credit cards help customers to reduce the overall cost of owning a credit card. However, mostly all credit card companies waive off annual fees only if customer spend a certain amount in a year. You should check terms and conditions before opting for a credit card.

If you want to save money of annual fees and joining fees here are 10 Free Credit Cards in India 2019 with No annual fees.

Types of Credit Cards

Credit cards give you free credit for 45–55 days after which it charges a monthly interest. Apart from this, there is an annual fee to pay, regardless of your usage pattern. Zero-fee credit cards, on the other hand, don’t levy any annual fee.

Then there are credit cards that are sandwiched between an annual fee and no-fee cards. These cards charge an annual fee initially but waive it off eventually after the user crosses a certain threshold of spends.

Top 10 No Annual Fee Credit Cards in India 2019

1. HSBC Visa Platinum Credit Card

Offers

Cleartrip voucher worth Rs.2, 000 upon conduction the first transaction. Up to Rs.2, 500 or 10% cashback on conducting 9 transactions of total worth Rs.10,000 within 90 days of the card issuance. 3X more reward points on select categories for first 12 months after card issuance

Features and Benefits

Earn 2 reward points for every Rs.150 spent on the card.

5X reward points after exceeding spend limit of Rs.4 lakh to maximum Rs.10 lakh in a year.

Fuel surcharge waived off (up to Rs.250 p.m.) for transactions between Rs.400 and Rs.4000.

Movie ticket voucher worth Rs.500 on monthly spends of over Rs.50,000.

15% off on dining bills at more than 1,000restaurants in major cities.

Rewards redemption options: Reward points can be redeemed for a wide range of products listed in the rewards catalog.

2. ICICI Platinum Chip Credit Card

In free credit cards list, one of the top credit cards is ICICI Platinum Chip Credit Card. This card is value for money as it provides multiple benefits and rewards. This includes annual fee waiver. Key benefit detail of this card is given below.

Features and Benefits

Annual fee waiver on an annual spend of Rs.50000 or above

15% saving on dining bill

Fuel surcharge 1% waiver

Earn 2 payback point on every Rs.100 spent

An extra PIN-based security feature

Eligibility for this card is stringent and it is offered to eligible corporates only

This card is most suitable for first-time credit card user and corporate employees.

3. Citibank Rewards Domestic Credit Card

The first free credit card in the list is Citibank Rewards Domestic Credit Card. No annual fee is applicable for this card if you spend annually Rs.30000 or above. If you don’t cross annual spend limit you need to pay Rs.1000 annual fees. The benefit offered by this card is given below.

Features and Benefits

10X Reward Points for every Rs125 spent at Apparel and departmental store

Up to 15% saving across participating restaurants

1000 bonus points on first Rs.1000 spend

Personal Concierge Services

Gift Vouchers Benefits

Citibank Rewards Domestic card is the Best card for Rewards.

4. SBI Card Unnati

Key Highlights: Issued against a fixed deposit amount of minimum Rs.25,000, the card is much suitable for people without a credit history.

Features and Benefits

1 reward point for every Rs.100 spent

Spend Rs.50,000 per year and get a cashback of Rs.500

1% fuel surcharge waiver valid for transactions between Rs.500 and Rs.3,000

Rewards redemption option: Redeem reward points against a wide variety of gifts from the rewards catalog.

5. HDFC Moneyback Card

HDFC Moneyback as the name suggests it is best suited free credit card in India for Money back purpose. Rs.1000 is annual fees applicable on this card. However, this fee can be waived off by spending Rs.50000 annually. Key features of HDFC Moneyback Card are given below.

Features and Benefits

2x Reward Points on online shopping

Redeem reward point as cashback

Zero liability on lost card

Fuel Surcharge waiver

Spend Rs.50000 in a quarter and get Rs.500 E-Voucher

HDFC Moneyback card is best for cashback. This card is offered to both salaried and self-employed.

6. ICICI Platinum Chip Card — Visa

This is a lifetime free credit card from ICICI Bank. It is a contactless credit card and offers amazing benefits.

Features and Benefits

Avail minimum 15% savings at over 800 restaurants under the Culinary Treats program of ICICI Bank

Enjoy 1% fuel surcharge waiver at HPCL pumps for fuel transactions up to Rs. 4,000

Earn 2 PAYBACK Points for every Rs. 100 spent on retail transactions except fuel

Redeem your accumulated reward points against a host of vouchers and products

Get the convenience and safety of contactless cards

7. IndusInd Bank Platinum Card

Key Highlights: A premium credit card that provides benefits across various categories including travel, lifestyle, entertainment, etc. Pay the joining fee and enjoy the benefits offered by the card lifetime for free.

Features and Benefits

Complimentary golf lessons from qualified instructors at select golf clubs in India.

Travel benefits including pre-trip assistance, exclusive booking, hotel reservation, and other concierge services.

Complimentary priority passes membership that provides access to more than 700 airport lounges across the globe.

Get an insurance cover against unauthorized transactions and counterfeit frauds.

Auto Assist that provides round the clock assistance for all roadside assistance.

Enjoy 1% fuel surcharge waiver at all petrol pumps across the country.

Rewards redemption options: Redeem reward points for hotel stay vouchers, cash credit, air miles, and products from Indus Moments.

8. Yes Bank Prosperity Reward Plus

This no-annual-fee credit card from YES Bank is packed with several benefits in the form of rewards.

Features and Benefits

Spend Rs. 5,000 within 30 days of card activation and get assured 1,250 reward points

Earn 2 reward points per Rs. 100 for all retail spends, 3 reward points for online and dining spends and 4 reward points on international spends

Redeem rewards against an exclusive catalogue of products or convert into JPMiles

Get fuel surcharge waiver for transactions valued Rs. 400–5,000 across all fuel pumps

Reach total spends of Rs. 3.6 Lakhs in a year and get 12,000 bonus reward points

9. Kotak League Platinum Credit Card

Another best free credit card from Kotak is Kotak League Platinum Credit Card. Kotak League Platinum Credit card is also lifestyle credit card with multiple reward benefits. Joining fee of this card is NIL. Annual fee is Rs.499 which can be waived off, if you spend Rs.50000 in a year.

Features and Benefits

You can Earn up to 8X reward points on every Rs. 150 spent

Rs.500 movie Voucher as joining gift

Fuel surcharge waiver

Credit Card league shield — Protection cover for card

Easy Reward Redemption

This card is best suited for middle class people. Annual income requirement for this card is Rs.5 Lakh.

10. Axis Insta Easy Credit Card

Key Highlights: Issued against a fixed deposit amount of minimum Rs.20,000 and maximum Rs.25 lakh, the card is much suitable for people without a credit history.

Eligibility

Minimum fixed deposit at any Axis Bank branch Minimum FD amount of Rs.20,000 and maximum of Rs.25 lakh. Age should be above 18 years.

Features and Benefits

Set flexible credit limits — up to 80% of the fixed deposit

100% of the credit limit allowed for cash withdrawal.

1% fuel surcharge waiver

15% off on dining bills at select restaurants.

Rewards redemption options: Redeem reward points for more than 500 products listed in the rewards catalog.

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