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

Updated on: 14 Dec 2021 // 26 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:

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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.

  • You can also avail add-on cards, and all spends can be monitored for each Add-On card separately.

4. Standard Chartered Priority Visa Infinite Credit Card

  • Customers can only avail this Credit Card with a priority banking account with Standard Chartered Bank.

  • It has zero annual fees for lifetime and requires no joining fees.

  • For every Rs.100 spent on the card, you can earn 2 reward points.

  • 5 times the reward points can be earned for any purchases that are made on retail fashion and also overseas.

  • All cardholders can enjoy 4 complimentary airport lounge visits in each quarter.

  • Customers also have the advantage of free membership to Airport Priority Pass that can be accessed in over 800 Airports globally.

  • Any balance on the Credit Card can be converted into easy EMIs without any additional processing fees.

  • Users of this Credit Card can also avail a loan of up to Rs.5 Lakhs that can be repaid in 12 to 60 months.

  • Cardholders can also avail air accident cover worth Rs.1.2 Crore.

5. Indian Bank Global Gold Credit Card

  • No Annual Fees or Joining Fees is required for a lifetime on this of Credit Card.

  • You only have to pay a one-time fee of Rs.250 towards any Add On Card that you wish to get.

  • Earn Rs.0.50 for every Rs.100 that you spend on this card. This can be redeemed for cashback once rewards worth Rs.500 have been collected.

  • Get cash advance limit up to 40% of the approved limit. You can withdraw up to Rs.25000 each day.

  • With this Card, you can avail credit limit of up to Rs.3 Lakh.

  • This card is accepted across over 30 million Visa Merchants globally.

You can avail an interest-free period of between 15 and 45 days on all purchases. The interest-free cycle can be reset by making full payments towards the Credit Card bill each month.

Also Read: 10 Best Rewards & Cashback Credit Cards for 2019 in India

To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit www.mymoneymantra.com, the leading online lending marketplace that offers financial products from 70+ Banks and NBFCs. We have served 2 million+ happy customers since 1989.

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