If your credit card offers you substantial rewards, it is worth paying the fee. Credit cards without annual fees provide better value and greater benefits in the long run. These cards can be kept active without incurring additional fees.
A lifetime free credit card can also help improve your credit score by lowering your credit utilization ratio significantly if you use them sparingly. So it is best to apply for credit card with zero joining fees and zero annual fee.
ICICI Bank Amazon Pay
For Amazon customers, the ICICI Amazon Pay credit card is the best option. This is a credit card that has no annual or application fees. The following are some of the credit card benefits:
- Amazon Prime members get 5% cashback when they shop on Amazon.
- Non-prime customers get 3% cashback when they shop on Amazon.
- When you shop at Amazon Pay partner merchants, you’ll get a 2% reward.
- 1% cashback on all other payments
- In India, select partner restaurants provide a 15% discount on meals.
HSBC Visa Platinum Credit Card
This is an HSBC credit card with no annual fee that comes with a slew of perks, some of the credit card benefits are listed below:
- Every month, if you spend Rs. 50,000 or more, you will receive a cashback of Rs. 250.
- Earn two reward points for every Rs. 150 spend on your card; points are valid for three years.
- Every calendar year, get 5X accelerated reward points on incremental spends over Rs. 4 lakh, up to a maximum of 15,000 points.
- Annual savings of up to Rs. 3,000 (1 % fuel surcharge waiver)
- British Airways, InterMiles, and Singapore Airlines all offer air mile conversion.
- Once a month, on BookMyShow, buy one movie ticket and get one free.
IDFC First Bank Credit Card
IDFC First Bank offers a free credit card for life. This contactless credit card gives you access to expedited rewards and advantages in a variety of categories, including –
- Every month, if you spend more than Rs. 20,000, you’ll get 10X incentives.
- Reward Points are never lost.
- 6X Reward Points on monthly online spending of up to Rs. 20,000
- Every month, get 3X Reward Points on in-store purchases up to Rs. 20,000.
- Twice a month, buy one and get one complimentary movie ticket worth up to Rs. 250.
- Per quarter, you are entitled to four complimentary airport lounge visits.
- 4 complimentary trips to the railway lounge per quarter
- A 1% fuel surcharge waiver is available at all petrol stations in India for a maximum of Rs. 300 per month.
ICICI Platinum Chip Visa Credit Card
This is an ICICI Bank credit card that is free for life. It’s a contactless credit card that comes with a slew of perks, including:
- ICICI Bank’s Culinary Treats program offers minimum 15% savings at over 800 restaurants.
- For fuel transactions up to Rs. 4,000, HPCL will waive the 1% fuel levy.
- For every Rs. 100 spent on retail transactions (excluding petrol), you will receive 2 PAYBACK Points.
- Reward points can be redeemed for a variety of certificates and merchandise.
- Contactless cards’ with convenience and security
Axis Bank Insta Easy
Axis Bank offers a free life time credit card. The following are the credit card benefits:
- On fuel purchases between Rs. 400 and Rs. 4,000.
- 15% dining discount at certain partner restaurants
- Cash withdrawal facility 100% from the first day
SBI Card Unnati
Through their credit card offerings, SBI promotes unnati, which means progress. In addition to offering a zero annual fee for four years, SBI has made the card a contactless card as well.
SBI Card Unnati credit card benefits include:
- Earn 1 reward for every Rs. 100 spent
- Waiver of 1% fuel surcharge for transactions between Rs. 500 and Rs. 3000
- Earn Rs. 500 cashback when you spend Rs. 50,000 annually
- When you use this card for purchase above Rs. 2,500, you can convert your credit card transactions into EMIs.
- Retail purchases are offered an interest-free credit period of 25 days, while cash withdrawals are allowed up to 80% of the total credit limit.
Kotak Fortune Gold Credit Card
Kotak’s Fortune Gold credit card, designed particularly for Indian entrepreneurs, is a zero-annual-fee, interest-free cash withdrawal card with perks that are hard to pass up.
Kotak Fortune credit card benefits
- The maximum amount of cash that can be withdrawn is 50% of your credit limit
- Waiver of fuel surcharge for transactions between Rs. 500 and Rs.3,000
- Four free PVR tickets (valid for 3 months) or 750 Cashback on spending Rs.150,000 per year
- In the event of theft, get insurance against misuse up to 7 days before reporting
- No fee for outstation cheque processing, charge slip requests, or ATM surcharges