Best Credit Cards with No Annual Fee in India

no annual fee and no joining fee

Mostly all credit cards have annual fees. However, there are some credit cards that have no annual fees. Best credit cards with no annual fee in India is a great way to make purchases, earn points, and redeem points for gifts and vouchers without any cost. Whenever you get the chance to get a card with no annual fee, you should consider getting the card. This is because you are saving a lot of money as you don’t have to pay any annual fee. Just make sure you pay your bills on time and you’re good to go.

Best Credit Cards with No Annual Fee in India

Credit Cards 
Standard Chartered Landmark Rewards Credit Card

Axis Bank Insta Easy Credit Card

ICICI Bank Instant Platinum Credit Card

ICICI Bank Platinum Chip Credit Card

Standard Chartered Platinum Rewards Credit Card

HSBC Visa Platinum Credit Card

Yes Bank Credit Cards


1. Standard Chartered Landmark Rewards Credit Card

This card is best suited for people who are a frequent shopper at Lifestyle, Max, Home Center, and SPAR stores. You get 9x rewards and 5% cash back on various categories. The reward redemption rate is 1 reward rate = Rs. 0.6.
Annual Fee: Nil
Reward rate: 2.70%

To know more about the card, read our Standard Chartered Landmark Rewards Credit Card Review.

2. Axis Bank Insta Easy Credit Card

The Insta Easy card is a basic card that lets you earn 6 reward points on domestic spends and 12 reward points on international spends for every Rs. 200.
Joining Fee: Rs. 500
Annual Fee: Nil
Reward rate: 0.6% (Domestic spends) – 1.2% (International spends)

To know more about the card, read our Axis Bank Insta Easy Credit Card Review.

3. ICICI Bank Instant Platinum Credit Card

ICICI Bank Instant Platinum Credit Card lets you earn 2 reward points on every Rs. 100 spent. You also get the benefit of fuel surcharge waiver, discounts on dining, and much more.
Annual Fee: Nil
Reward rate: 0.5%

To know more about the card, read our ICICI Bank Instant Platinum Credit Card Review.

4. ICICI Bank Platinum Chip Credit Card

ICICI Platinum Chip card is an entry level card that is best suited for first-time users. It offers 2 payback points for every Rs. 100 retail spends.
Joining Fee: Rs. 199 (waived off on spends of Rs. 2000 in first 60 days)
Annual Fee: Rs. 99 (waived off on annual spends of Rs. 50000)
Reward rate: 0.5%

You get the card for Lifetime free if you apply online. 

To know more about the card, read our ICICI Bank Platinum Chip Credit Card Review.

5. Standard Chartered Platinum Rewards Credit Card

Standard Chartered Platinum Rewards card offers 5 reward points for every Rs. 150 spent on hotels, fuels, and dining. Also, you earn 1 reward point for every Rs. 150 on all other spends.
Annual Fee: Nil (Only if you apply online)

To know more about the card, read our Standard Chartered Platinum Rewards Credit Card Review.

6. HSBC Visa Platinum Credit Card

The card is good for first-time users. The card gives a decent rewards program which lets you earn 2 reward points for every Rs. 150 spent. Along with this, you get movie ticket offers, fuel surcharge waiver, and discounts on dining up to 15% at over 700 restaurants in India.

Annual Fee: Nil

To know more about the card, read our HSBC Visa Platinum Credit Card Review.

7. Yes Bank Credit Cards

Yes Bank has offered to give its credit cards lifetime free for a short period. The following cards are being offered for free:

1. Yes Prosperity Edge Credit Card

Yes Prosperity Edge is a credit card meant for the middle-income group individuals. With this card, you earn 5 reward points for every Rs. 100 spent internationally. On retail spends you get 3 reward points for every Rs. 100 spent.
Annual Fee: Rs. 1000
Reward rate: 0.75% – 1.50%

To know more about the card, read our Yes Prosperity Edge Credit Card Review.

2. Yes First Preferred Credit Card

The Yes First Preferred credit card offers 8 reward points for every Rs. 100 spent on all spends. You get other features such as airport lounge access, discounts on movie tickets, and one of the lowest interest rates (1.20% per month for Yes Bank account holders and 1.99% per month for others).
Annual Fee: Rs. 2500
Reward rate: 2.00%

To know more about the card, read our Yes First Preferred Credit Card Review.

3. Yes Prosperity Rewards Credit Card

Yes Prosperity Rewards card offers 3 reward points for every Rs. 100 on international spends and 2 reward points for every Rs. 100 spent on online transactions.
Annual Fee: Rs. 250
Reward rate:
 0.25% – 0.75%

To know more about the card, read our Yes Prosperity Rewards Credit Card Review.

4. Yes Prosperity Reward Plus Credit Card

Yes Prosperity Rewards Plus card offers 4 reward points for every Rs. 100 on international spends and 3 reward points for every Rs. 100 spent on online transactions. It is an upgrade to the Yes Prosperity Rewards credit card.
Annual Fee: Rs. 350
Reward rate:
 0.50% – 1.25%

To know more about the card, read our Yes Prosperity Reward Plus Credit Card Review.

 

Author: Himank Mishra

Himank is a highly motivated and dedicated person. He graduated from Ball State University, United States with an MBA in Finance. Himank has a passion for Financial Markets. He wants to help everyone achieve Financial Freedom!