Top 5 Credit Cards With Low or Zero Annual Charges and Higher Reward Benefits

When it comes to choosing a credit card it is really difficult to make a choice among so many options available in the market that meets your goals, provides advantages, and offers the most value for your money. The privilege credit cards include joining and some sort of yearly fees. Now some banks offer lifetime free cards that provide low or zero annual charges. Here is a list of some credit cards that come with no annual charges.

AMAZON PAY ICICI BANK

It is probably the best card if you are an amazon prime member as it gives the highest cashback to amazon prime members. The cashback is rewarded in the form of amazon pay balance which can be used to make more purchases. The interest rate is 3.5-3.8% a month with no insurance available.

Benefits offered-

• Amazon offers 5% cashback to prime members on purchases, non-prime customers 3% cashback
• 1% rebate on all other purchases
• 15% discounts and promotions at partner restaurants in India

IDFC FIRST SELECT

IDFC First select card is lifetime free card and is best for people who wants

high reward rate. This card operates on an incremental spend reward in which the more you spend the more you earn. The interest is 0.75-3.5% a month.

Benefits offered-

• 500 rupee gift vouchers on spending of Rs. 15,000 and 5% cashback on first EMI transaction within 90 days of card activation
• Upto Rs. 250 per movie ticket a buy one get one offer on Paytm mobile app
• 10X reward points awarded for every Rs. 25,000 in additional purchases made each billing cycle
• Upto Rs. 25,000 in monthly online purchases at 6X reward points and in offline purchase at 3X reward points
• Free access to domestic airport lounge and railway lounge (4 per quarter) and 1.99% is a minimal foreign currency markup fee.

HSBC Visa Platinum Credit Card

This card provides savings on your purchases. It is a good option for those who want shopping as well as travel benefits. It gives great reward and travel features. Monthly interest is 3.3%.

Benefits offered-

• Swiggy and Amazon gift cards, each worth Rs. 250,
• When you complete at least 5 eligible transactions totalling Rs. 10,000 or more in the first 90 days of card activation, you will receive 10% cashback (up to Rs. 2,000).
• Spend a total of Rs. 4 Lakh in a calendar year to receive 5X rewards on all ensuing transactions.
• For every Rs. 150 spent, earn 2 reward points.

ICICI BANK PLATINUM CHIP

ICICI bank platinum chip card does not have that many features as others but is best suited for those who are unfamiliar with credit and require a basic card for improving their credit score. It provides an interest rate of 3.4% a month.

Benefits offered-

• 100 rupees spent on utilities and insurance equals one reward point.
• 2 reward points for every 100 rupees spent on everything else besides fuel.
• Redeem your rewards for ICICI Rewards Catalogue gift cards or merchandise.

Dhanlaxmi Bank Platinum Credit Card

Like other credit cards listed above, this card also offers cashbacks. The cashback benefits offered are really good with an interest rate of 3% a month.

Benefits offered-

• 5% cashback is offered at grocery and department stores.
• Platinum benefits in various categories
• Free insurance protection
• Emergency aid on a global scale