Annual fees are charged for credit cards in India. These cards are provided with a variety of annual fees. A few credit cards offer welcome gifts more than or equal to the sign-in charges. So finally the annual fees will be zero to you.
On spending a certain amount in the year, you get a credit card annual fee waiver, so the card becomes free for that year. The annual fee for credit card matters for a common person, as every paisa can be saved with a little effort.
We have studied for the best free credit cards in India. In this article, we have included the 4 best free credit cards in India.
Bajaj Finserv RBL Bank Freedom SuperCard
The Bajaj Finserv RBL Bank Freedom SuperCard is an exclusive offering that gives you the power to decide your credit card limit. To gain from this card, you need to book a fixed deposit worth Rs. 15,000 or more. So, the credit card limit for spending would be 100% of the amount booked as the FD, which is Rs 15,000 on the Freedom SuperCard. The additional benefits are that you get 2x reward points on all online purchases except for utility bill settlements and rent payments.
This SuperCard also offers you an emergency advance for up to 90 days with no processing fee. If you have accumulated more than 5,000 reward points, you can use these points to make a down payment at partner stores on the EMI Network.
ICICI Instant Platinum Card
A beginner level credit card from ICICI bank is called the ICICI Platinum credit card. You can get this lifetime free credit card with a small annual fee of Rs. 199. With this card, you are eligible to get benefits such as 3 payback points per Rs 100 spent on this platinum credit card. ICICI Bank gives you an instant credit card if you maintain a fixed deposit or a saving account with them. You can also get Rs. 100 off on movie tickets booked using this card twice a month, enjoy 15% savings on restaurant spends across 10 cities in India, 1% fuel surcharge waiver on fuel transactions of maximum Rs. 4,000 at HPCL pumps.
Bajaj Finserv RBL Bank Platinum Choice First-Year-Free SuperCard
The Bajaj Finserv RBL Bank Platinum Choice First-Year-Free SuperCard is an unparalleled free credit card offering you the freedom to get pleasure from credit with exhilarating benefits. It is rich with rewards for reaching annual milestones and assures you access to best-in-class monetary benefits.
These include emergency advances and an easy EMI conversion facility to help make shopping easy. With this best free credit card in India, you get an annual fee waiver on spends of over Rs. 50,000 and attractive reward points on your regular spending. You save big with the bonus points you get as a welcome gift.
HSBC Visa Platinum Card Review
HSBC Platinum credit card is a lifetime free credit card best for basic usage like a regular spending card, but the reward redemption is not as attractive as compared to other cards. The card comes with no annual fees. Offers 2 reward points for every Rs. 150 spent on dining, telecom and hotel usage. Moreover, on crossing the milestone of Rs. 4 lakh in a year, the reward increases to 5X. Additionally, for making 9 transactions totalling Rs. 10,000 in the first 90 days, you are rewarded a 10% cashback maximum of Rs. 2500.
Calculate the benefits you get on your spending and then decide on a card appropriate for you with an annual fee. If you want to use the credit card occasionally, then you go for a free credit card.