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Credit Cards with No Annual Fee in India: Credit cards are a convenient financial tool that has become a necessity in today’s world. They offer various benefits such as cashback, reward points, discounts, and much more. However, with these benefits, come annual fees that can be quite high in some cases. That’s where credit cards with no annual fee come in. These cards offer all the benefits of a regular credit card without the added annual fee. In this article, we will discuss everything you need to know about credit cards with no annual fee in India.
What are Credit Cards with No Annual Fee?
Credit cards with no annual fee are credit cards that do not require the cardholder to pay an annual fee for using the card. These cards offer all the benefits of a regular credit card such as cashback, reward points, and discounts, but without the added annual fee. This makes them an excellent choice for individuals who want the benefits of a credit card without the added financial burden of an annual fee.
Types of Credit Cards with No Annual Fee in India
There are several types of credit cards with no annual fee available in India. Let’s take a look at some of the most popular ones:
- Standard Credit Cards: These are basic credit cards that come with no annual fee. They offer basic benefits such as reward points, cashback, and discounts.
- Student Credit Cards: These credit cards are designed for students and come with no annual fee. They offer benefits such as cashback on educational expenses, discounts on books, and more.
- Fuel Credit Cards: These credit cards are designed for individuals who frequently use their vehicles. They offer benefits such as cashback and discounts on fuel purchases.
- Shopping Credit Cards: These credit cards are designed for individuals who enjoy shopping. They offer benefits such as cashback, reward points, and discounts on shopping.
- Travel Credit Cards: These credit cards are designed for individuals who travel frequently. They offer benefits such as reward points and discounts on travel expenses.
Best Credit Cards with No Annual Fee in India
Now that you know about the different types of credit cards with no annual fee, let’s take a look at some of the best credit cards with no annual fee available in India:
- ICICI Bank Platinum Chip Credit Card: This card offers benefits such as cashback, reward points, and discounts on dining, fuel, and more.
- HDFC Bank Moneyback Credit Card: This card offers benefits such as cashback, reward points, and discounts on shopping, dining, and more.
- Axis Bank Insta Easy Credit Card: This card offers benefits such as cashback, reward points, and discounts on fuel, dining, and more.
- SBI SimplyCLICK Credit Card: This card offers benefits such as cashback, reward points, and discounts on online shopping.
- Kotak Fortune Gold Credit Card: This card offers benefits such as cashback, reward points, and discounts on shopping, dining, and more.
FAQ
Are credit cards with no annual fee worth it?
Yes, credit cards with no annual fee are worth it as they offer all the benefits of a regular credit card without the added financial burden of an annual fee.
How do I apply for a credit card with no annual fee?
You can apply for a credit card with no annual fee online or by visiting a bank branch. You will need to provide personal and financial information to complete the application process.
What are the eligibility criteria for a credit card with no annual fee?
The eligibility criteria for a credit card with no annual fee vary depending on the type of card and the bank. However, most banks require applicants to have a good credit score and a stable source of income
