Top 10 Credit Cards With No Annual Fee

 Top 10 Credit Cards With No Annual Fee

lifetime free card

With a plethora of credit cards in the market, it is not easy to choose the one that best suits your needs, offers benefits and has the best value for money. Cards that offer privileges charge higher joining and annual fees.

 However, each bank or card issuer typically offers a few lifetime free cards that offer the best of both worlds: zero joining or charge an annual fee, but reduce benefits. To ease your process of card selection, we have listed down top 10 lifetime free cards that offer great features.

IDFC First Wealth

IDFC First offers four free cards, but we have selected the top two, which include the best offers, reward points for lifestyle spending, travel benefits and insurance. 

The interest rate is 0.75-3.5% per month with an air accident cover of Rs 1 crore and personal accident cover of Rs 10 lakh and lost card liability cover of Rs 50,000.

Reward Points: 1 Reward Point / 1 Reward Point = Rs.0.25 on Rs.100 spent. Incremental spend of over Rs 30,000 per month plus 10X reward points on your birthday. 6X and 3X reward points on online and offline spend up to Rs.30,000 per month.

IDFC 1st Selection

Like the Wealth, the Select Card is also packed with features, which are similar to the former, but less so. It still offers great value for money. Interest 0.75-3.5% per month.

Reward Points Other Features

1 reward point per Rs.100 spent / 1 reward point = Rs.0.25. 10X Reward Points on Incremental Spending above Rs.25,000 per month and Birthday Spending. 6X and 3X reward points on online and offline purchases, respectively, on spending up to Rs 25,000 per month.

HSBC Visa Platinum

The card offers great discounts on spending, has good reward benefits and travel features. The interest rate is 3.3% per month with zero liability for lost cards. Rs 3 lakh cover for misuse of the card up to 24 hours prior to reporting. award points

2 reward points on Rs.150 spent. 5X rewards after spending Rs 4 lakh in an anniversary year with a maximum of 15,000 accelerated reward points.

Kotak 811

It has a good rewards program and joining benefits apart from rail surcharge waiver and card liability cover. The interest rate is 3.5% per month. The DreamDifferent Shield card offers an insurance cover of Rs 50,000 against fraudulent use up to 7 days prior to reporting the theft.

prize points

2 reward points for every Rs 100 spent online. 1 reward point for every Rs.100 spent on other expenses.

Amazon Pay ICICI Bank

This is a good card for online spending, especially if you are an Amazon Prime member with an interest rate of 3.5-3.8% a month. There is no insurance.

Reward Points 1 reward point is equal to Rs. The reward earning can be used to buy over 100 million products from www.amazon.in and over 100 Amazon Pay partner merchants.

ICICI Bank Platinum Chip

Though not packed with features like some of the other cards on this list, it still offers good reward points and discounts along with an interest rate of 3.4 per cent per month.

prize points

2 reward points for every Rs.100 spent on all retail purchases except fuel. 1 reward point for every Rs 100 spent on utilities and insurance categories.

Bank Of Baroda Prime

You can get this card with an interest rate of 3.25% per month on fixed deposits of Rs 15,000 or more without any income proof. prize points

Earn 4 reward points (equivalent to 1 on redemption) for every Rs.100 spent.

IDBI Aspire Platinum

The card has some decent spending offers and discounts, and the interest rate is a bit low, but it doesn't offer any insurance. Welcome benefits include 500 Delight Points on first use within 30 days or 300 Delight Points on use between 31 and 90 days from the date of issue. The interest rate is 2.9% per month. Reward Points Other Features: 2 Delight Points for every Rs.150 spent on travel, shopping, food, movies etc.

Axis Bank Selection (Burgundy)

To be eligible for this type, you must have a Burgundy savings account with a net monthly salary credit of ₹3 lakh. If you do this, you can get a lot of benefits for free.

 An Amazon voucher of Rs 2,000 on the first card transaction, which has to be done within 90 days of card issuance, is a part of the welcome kit. The interest rate is 3.6% per month. Reward Points: 10 Axis Edge Reward Points for every spend of Rs.200. 2X Reward Points for every Rs 200 spent on retail purchases.

Dhanlaxmi Bank Platinum

Though it does not offer joining benefits or rewards program, it is great with cashback and travel insurance offer with an interest rate of 3% per month. There are no welcome benefits or any other reward points.