Some credit cards have no annual fee, while for others there are charges that are waived-off if a certain amount is spent, within a given time frame. We have highlighted a list of credit cards that have no annual fee or those that have no annual fee subject to meeting conditions. It is important to realize that you should take a credit card, which suits you and not go only by annual fee.
For example, if you are consuming more fuel through regular driving, you should go for a credit card that offers you fuel benefits. Similarly, for shopping, grocery etc.
Here are 6 credit cards that come with no annual fees.
HSBC Platinum Credit Cards
There is no annual fee on the HSBC Platinum Credit Cards. You also get a 10 per cent cashback on all spends during the first 90 days. However, this promotion is on only till June 30.
Interestingly, there is no joining fees and you get 3 times the reward points on dining and telecom payments.
ICICI Bank Instant Platinum Credit Card
This credit cards does not have any annual fee and is issued instantly against your fixed deposit. You get this credit card instantly only because it is backed by your fixed deposit. The other features of this credit card is 3 reward points on Rs 100 spent and also 2 movie tickets per month.
Axis Insta easy Credit Card
Axis Insta easy Credit Card has no annual fee.
However, there is a joining fee of Rs 500, which the bank would reverse upon spends of Rs 5000 within first 45 days of card issuance.
This credit card is available over the counter and has guaranteed approval.
Indian Oil Citi Platinum Card
This has an annual fee of Rs 1000, but, it is waived-off, if you spend more than Rs 30,000 in a year. So, it is not strictly a zero annual fee card.
However, it becomes zero annual fee, if you spend the sum of Rs 30,000.
Other benefits include 2 Turbo Points on Rs 150 at grocery stores and supermarkets. This card is the best, if you are regularly spending on fuel each month.
Simply Click SBI Card
Like Indian Oil Citi Bank Platinum Card, there is an annual fee that would be levied, subject to a certain amount being spent. In the case of the Simply Click SBI Card, the amount is Rs 1 lakh.
So, if you spend Rs 1 lakh, the annual fee is reversed. Apart from this there is no fuel surcharge that is levied and some offers on shopping and milestone reward points.
Standard Chartered Platinum Rewards
There is no annual fee on the Standard Chartered Platinum Rewards Card. However, this is applicable only for the first year. For supplementary cards the charges are nil, while there is a joining fee of Rs 399 that is applicable from the first year.