Best Credit Cards in India with No Joining Fee and Annual Fee

Updated on: 10 Jan 2024 // 4 min read // Credit Cards
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Paying an annual fee on a Credit Card is something one can do without. It is a good idea to look for Credit Cards that do not charge any joining fees or annual fees and save on this added expense.

There are two ways to save this cost. First, if your Credit Card issuing bank does not charge any joining fee, annual fee, or renewal fees at all;second, as is the case in many cards, a joining fee is charged at the time of applying for the card but is reversed when a minimum amount is spent on the Credit Card.

Top Zero Annual Fees and Joining Fee Cards

Many banks in India offer Credit Cards with no annual fees and joining fees. Here are some of the best options available to you:

1. HSBC Visa Platinum Credit Card

With HSBC Visa Platinum Credit Card, you do not have to pay any joining fees or annual fees for a lifetime.

You can enjoy several introductory offers like 10% Cashback on all purchases above Rs.25000 within the first 90 days of the card.

You can avail 3X reward points on spends on hotels, dining and other categories such as telecom.

For any expenditure above Rs. 400000, you can get 5X reward points.

There is no lost card liability on the loss of the HSBC Visa Platinum Credit Card.

You have an Instant EMI option on a range of products and services.

Customers can get movie ticket vouchers worth Rs.500 for spends above Rs.50000 in each calendar year.

Enjoy a lower rate of interest each month by transferring the balance from any existing Credit Card to HSBC Visa Platinum Credit Card.

You can even convert all outstanding credit balance into easy EMIs.

2. SBI Unnati Credit Card

This is one of the Best SBI Credit Cards in India as it comes as a zero fee card waiving off joining fees and annual fees for the first four years.

Customers can earn 1 reward point against every Rs.100 spent on this card. These points can be redeemed against an array of products from the rewards catalogue.

500 cashback is also offered on annual spends of Rs.50000 or more in a single year on this SBI Credit Card. This offer is available year after year, giving customers an advantage even when the annual fee is charged after four years.

The 1% fuel surcharge is fully waived off on any transactions between Rs.500 and Rs.3000 made in any petrol pump.

This card is a Secured Credit Card. It is available to all customers who have a Fixed Deposit above Rs.25000 with State Bank of India.

Contactless technology available with this card provides complete security against Credit Card frauds resulting from Credit Card skimming.

These cards can be used in over 24 million outlets across the globe.

Easy Cash Access is also available as the card can be used to withdraw cash from 1 million Visa and Master Card ATMs globally.

3. Kotak Fortune Gold Credit Card

This is a lifetime free card with no joining fees and annual fees.

This card provides you with a high cash limit equal to 50% of your credit limit.

You can enjoy interest-free cash withdrawal for up to 48 days after the card has been issued.

Get fuel surcharge waiver on any transactions between Rs.500 and Rs.3000, subject to a maximum of Rs.3500 per year towards fuel.

Get 4 free PVR tickets of Rs.750 or cash back on spends of Rs.150000 and above in a given year.

Get a Fortune Shield cover of up to Rs.50000 towards any unauthorized transactions in case of a lost or stolen Credit Card.

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