Credit cards have become a necessary payment instrument for middle and upper-class families, as it avoids carrying cash each time you go out for shopping or maintain balance in your savings account.
Credit card concepts are like shop now and pay later. However, if you miss your payment date it may lead to shedding an extra amount on the bill.
Individuals fail to avail credit card due to many fees and charges involved with them. Here are few best credit cards which do not attract the annual charge for the first year.
ICICI Bank HPCL Coral Credit Card
Individuals who travel a lot can benefit from the ICICI Bank HPCL Coral Credit Card as it will help you keep fuel costs lower with cash back and fuel surcharge waiver programs.
Annual fee is free or the first year, second year onwards it will be Rs 199 plus service tax.
If an individual spends Rs 50,000 or more during the first year, the annual fee for the next year shall be reversed.
Interesting features of the card
- Individuals can earn five payback points per Rs 100 spent on fuel at HPCL pumps.
- One can also redeem 2000 payback points for fuel worth Rs 500.
- Enjoy 2.5% cash back and 2.5% surcharge waiver on fuel purchases at HPCL pumps.
- Avail Rs 100 discount on up to 2 movie tickets per month on Bookmyshow.
HSBC Platinum Credit Card
HSBC Platinum credit card holders can avail 10 per cent cashback on all spends during the first 90 days subject to a minimum spend of Rs 10,000.
This credit card does not attract joining fees and annual fees. While, a cardholder have to do at least 3 transactions per month to be eligible for cashback calculation.
Higher rewards on dining, hotels and telecom for the first 12 months.
HDFC Bank MoneyBack Credit Card
HDFC Bank MoneyBack Credit Card is a life time free card if applied through bank website. There is a zero lost card liability post reporting of the loss of card.
Also, fuel surcharge waiver will be applicable at Rs 250 every billing cycle.
Individuals can get first year fee reversed once they spend Rs 10,000 within first 90 days and renewal fee reversed if you spend Rs 50,000 in a year prior to renewal date.
HSBC Bank Gold Credit Card
Individuals can get a cash advance at close to 1 million ATMs in India and abroad. Individuals can withdrawal cash from the customer's HSBC bank account through any ATM, Visa PLUS or MasterCard in India or overseas.
There is no annual fee or renewal fee applicable on the card. Bank will levy transaction fee and interest for cash advances against your credit card, and interest on outstanding amount if not repaid in full by the due date.
IndusInd Bank WorldMiles Credit Card
This is a best card for frequent flyers with no annual fee and renewal for the credit card. The promotion codes from Jet Airways will enable you to avail 100% discount on base fare. Interested person can call 1860 267 7777 to apply for IndusInd Bank WorldMiles credit card.
Citibank Rewards Domestic Credit Card
Individuals can enjoy reward points every time using the card. One can save up to 20% at restaurants, offers on almost all your shopping trips along with easy payment plans and instant loan on your Card.
One can also easily redeem all your points for attractive travel options, air miles, premium merchandise, cash back and much more.
The annual fee on the card is not applicable when you spend Rs 30,000 or more in a year. Cardholders who fail to spend Rs 30,000 on their cards are charged an annual fee of Rs 1,000.
PNB Global Classic Credit Card
PNB Credit Card can be used for all your requirements including shopping, eating out, holidaying, and fuelling up your vehicle, railway ticket reservations. There is no joining fee, annual fee or renewal fee applicable on the card.
Choosing the best credit cards are really rewarding and beneficial if payments are made on time. There are different types of credit card depending on the lifestyle. One should choose credit card which suits you the most and merely not on the fees and charges to avail maximum offers, reward points and cash back.