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Credit cards are easy to get, but no-fee options offer better value for occasional users.
Annual fees are yearly charges for using credit card services.(Representative Image)
Applying for a credit card today is relatively easy, but maintaining it can come with hidden costs. Many cards charge high annual fees, which can eat into the benefits they offer. For those who use credit cards occasionally or prefer a no-frills option, choosing one without an annual fee is a smarter financial move. Below is a curated list of credit cards in India that offer great value without any yearly fee:
IDFC FIRST Classic Credit Card
This card comes with no annual or joining fee and is packed with welcome perks. New users can enjoy a Rs 500 gift voucher and receive up to Rs 1,000 cashback on their first EMI transaction. Other benefits include 25 per cent off on movie tickets, a 1 per cent fuel surcharge waiver, and exclusive discounts at over 300 partner merchants.
Amazon Pay ICICI Credit Card
With zero annual fees and no expiration on reward points, this card is a great long-term choice. It offers 5 per cent back on Amazon purchases for Prime members, 3 per cent for non-Prime users, and 1 per cent on all other spends. You’ll also receive a fuel surcharge waiver, making this a well-rounded card for daily expenses.
Bank of Baroda (BoB) Prime Credit Card
This card is perfect for individuals new to credit or without income proof, as it’s issued against a fixed deposit of Rs 15,000 or more. There’s no annual fee, and cardholders can earn 500 bonus reward points by spending Rs 5,000 within the first 60 days. You also get 2 reward points per Rs 100 spent on most purchases, and the flexibility to convert purchases above Rs 2,500 into easy EMIs ranging from 6 to 48 months.
Axis Bank Neo Credit Card
The first-year fee is waived, but a nominal fee of Rs 250 is charged from the second year onward. Users enjoy Rs 120 off on food delivery, 5 per cent off on recharges and DTH payments via Paytm, and up to 15 per cent discount at select restaurants, valid on bills over Rs 2,500 (max discount Rs 500).
If you’re looking to cut down on annual charges while still enjoying meaningful rewards, these credit cards can be excellent options. Whether you’re a frequent online shopper or prefer dining and travel perks, there’s a zero (or low) fee card to match your lifestyle.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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Delhi, India, India
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