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 fee for the first year.
Kotak Royale Signature Credit Card
This is a credit card from private sector lender Kotak Mahindra Bank. For Kotak Royale Signature Credit Card the annual fee is nil and renewal fee after first year is nil. Availing this credit card is not so difficult Comparatively, availing this card is easy, as the salary criteria is not too stringent. Extra privileges for this card are 15X reward points on every Rs. 150 spent, 2 Complimentary domestic airport lounges access every quarter of the year, theft cover of Rs. 2.5 lakh is covered for up to 7 days, 2.5 % Fuel Surcharge waiver across all petrol pumps in India. Go for it if you want to avail any of the above previliges. This is a good credit card with no annual fee.
Standard Chartered Platinum Rewards Card
There is no annual fees and also there is no joining fees for this credit card. This seems to be a fine credit card, but, availing this card is a difficult task. One of the biggest reasons for that is you need a rather fat salary. You should have a salary of more than Rs 6 lakh per annum. It is only then that you can apply for this card.
Extra privileges for this card is the additional 1000 rewards points for transaction within 60 days, a bonus of 100 points for registering for online banking and a 20 per cent cashback on Uber rides, 5 points on spending 150 rupees on dining, 5 points on spending 150 on fuel, 2 reward points on spending 150 on any other category. Overall, this is a good credit card as it offers you a host of rewards in a wide range of areas. A decent credit card with no annual fee.
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.
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.
Vijaya Bank Platinum Credit Card
Vijaya Bank is a government of India owned banks. The Vijaya Bank Platinum Card has unique advantages and features to offer. It comes with revolving credit option. With this a customer can choose to pay as low as 5% as the minimum due, or a higher amount that suits them. The main advantage of Vijaya Bank Platinum Credit Card is that the family members can get add-on card if they cross the age of 18. As like other banks, it is not an international card, it is accepted only in India and Nepal, and the validity of the card is up to 3 years only.
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.
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.
Here are few benefits which you can avail by taking an IndusInd Bank World Miles Credit Card.
- You can take coaching sessions as well as you enjoy complimentary golf sessions at premium courses around the world.
- To make your travel a pleasant and relaxing experience IndusInd Bank World Miles Credit Card provides you with a Priority Pass Program by using which you will get access to over 600 lounges around the world.
- IndusInd Bank World Miles Credit Card you will also get travel insurance which provides cover for routine risks associated with travel such as passport loss, lost baggage, etc.
- There is a waiver on the surcharge of the fuel which may save your nearly Rs 2400 annually.
Central Bank of India Titanium Credit Card
This life time free credit card, from Central Bank offers the customers a host of benefits. The Titanium credit card holders can get rewards through the various rewards program offered.The holders do not have to pay any fee for another supplementary credit card for their family members. Central Bank of India Titanium Credit Card has some good benefits.
Card holders do not have to pay any annual fees or issuance fee when they procure this credit card. Holders can withdraw cash instantly using their Central Bank of India Titanium Credit Cards at any ATM in India. Of course, the charges would be applicable from time to time on the card.
Importance for looking at Credit cards in India without no annual fee?
Credit cards have become an essential part of our financial life may it be shopping, eating out, fuel expenses or meeting any other charges. People prefer using credit cards wherever possible.
Customers look for the best credit cards that too without charging any additional cost or which come free. Banks provide various credit card offers and benefits from time to time to garner more customers. A free credit card is one such reason given to attract credit card users.
These are many other reasons for customers to use free cards where we don't have to pay anything extra from our pockets for the benefits that are available.
There are some different credit cards which don't have annual fees like Standard Chartered Platinum Rewards Card. It has nil joining fee, and there is no annual fee as well. ICICI Chip Platinum Credit Card, Indian Oil Citi Platinum Credit Card, Citibank Rewards Credit Card are some of the others.