Are you looking for a budget-friendly credit card? Credit cards with no annual fees can be a more economical way to manage your finances.
Credit cards are available that offer valuable benefits without additional costs. Here are the details of 5 credit cards that provide all benefits, rewards, and free service without annual fees.
1. RBL Bank Bank Bazaar Save Max Credit Card
- Express Cash: Instant funds transfer into your account.
- Rewards: 10% cashback (up to Rs.100 monthly) on Book My Show and Zomato transactions.
- EMI Infinity Pass: Discounts are available on splits and pay fees.
- Management App: Pay utility bills through your card. Offers can be accessed. One can apply for loans through the RBL Bank My Card app.
2. Amazon Pay ICICI Credit Card
- Rewards: Unlimited, No Expiration.
- Redeem: Use your credits for over 100 million products at Amazon and other merchants.
- No Cost EMI: Available for three or six months on Amazon purchases.
3. HSBC Visa Platinum Credit Card
- Cashback: Get Rs.500 cashback if you spend at least Rs.5,000 in the first 30 days through the HSBC India mobile app.
- Fuel savings: Save up to Rs.3,000 annually on fuel bills.
- Flight Miles: Convert reward points into miles with various airlines.
4. ICICI Bank Platinum Chip Credit Card
- Rewards: Earn two reward points per Rs. spent at retail stores (excluding petrol).
- Fuel waiver: 1 percent surcharge waiver (up to Rs.4,000) at HPCL pumps.
- Secure Payments: Quick and secure payment technology.
5. IDFC First Credit Card
- Airport Lounge Access: Free entry to domestic airport lounges.
- Travel Benefits: Low forex markup, trip cancellation coverage.
- Movie Tickets: Buy-one-get-one movie tickets worth up to Rs.125 through Paytm.
- Reward Points: Get 100% cashback on your first four transactions (up to Rs. 200).
Advantages of No Annual Fee Credit Cards:
- Lifetime Free: Users do not need to pay any annual fee to enjoy the card services.
- Cost savings: Some cards waive surcharges on fuel transactions.
- Various amenities: It offers discounts on access to airport lounges, shopping, dining, food delivery, movie tickets, and more.
- Welcome Benefits: Most cards offer bonus reward points, vouchers, OTT subscriptions, and additional benefits upon sign-up.
How to apply for a credit card with no annual fee?
Online Application:
- Select the bank offering a free credit card and visit that bank’s website.
- Check the details and fill out the application form.
- Provide required personal details.
- Submit the required documents.
- Upload documents for verification.
- The bank will check your details and documents before accepting your application.
If you are eligible, you will be granted a credit card.
Offline Application:
- Go to the official branch of the concerned bank to apply for the No Annual Fee Credit Card offline.
- Approach the staff there and fill out the application form.
- Provide required personal details.
- Submit the required documents.
The bank will review your details and documents before accepting your application.
If not used properly, it can cause a loss of credit. Credit cards with no annual fee can be inexpensive financial tools. However, like any other credit card, you risk incurring high-interest charges if you don’t pay your balance by the due date.
So, make it a habit to pay all the dues on time every month. When choosing a credit card with no annual fee, consider rewards programs, interest rates, and credit limits.