10 Free Credit Cards in India 2018 – With No Annual Fee

In Stock Market | Last Updated October 16, 2017|3 Comments

free credit cards

Free Credit Card means card without any annual fees or charges. These types of cards are free to hold for the lifetime. In the other words, there are no annual fees or charges to hold this card. You just need to pay for what you use.

Free Credit cards help customers to reduce the overall cost of owning a credit card. However, mostly all credit card companies waive off annual fees only if customer spend a certain amount in a year. You should check terms and conditions before opting for a credit card.

If you want to save money of annual fees and joining fees here are 10 Free Credit Cards in India 2018 with No annual fees.

10 Free Credit Cards in India 2018 – With No Annual Fee

The free credit cards in no particular order is given below.

  1. Citibank Rewards Domestic Credit Card
  2. Central Bank of India Titanium Credit Card
  3. HSBC Visa Platinum Card
  4. HDFC Moneyback Card
  5. ICICI Platinum Chip Credit Card
  6. ICICI Bank HPCL Coral Credit Card
  7. Kotak Royale Signature Credit Card
  8. Kotak League Platinum Credit Card
  9. SBI Simply Save
  10. Standard Chartered Platinum Reward Credit Card

Also Read – Best Credit Cards in India 2018

  1. Citibank Rewards Domestic Credit Card

The first free credit card in the list is Citibank Rewards Domestic Credit Card. No annual fee is applicable for this card if you spend annually Rs.30000 or above. If you don’t cross annual spend limit you need to pay Rs.1000 annual fees. The benefit offered by this card is given below.

Features and Benefits –

  • 10X Reward Points for every Rs125 spent at Apparel and departmental store
  • Up to 15% saving across participating restaurants
  • 1000 bonus points on first Rs.1000 spend
  • Personal Concierge Services
  • Gift Vouchers Benefits

Citibank Rewards Domestic card is the Best card for Rewards.

  1. Central Bank of India Titanium Credit Card

Central Bank of India Titanium Credit card is premium credit card available with no issuance fee. This card is widely accepted at all merchant outlets across the world. You can even use this card for ATM withdrawal. The key features of this card are given below.

Features and Benefits –

  • Highly secured card with OTP generation on every transaction.
  • 55 days of credit free card usage facility.
  • Auto Debit Facility available for this card.
  • Complimentary airport lounge access facility

Central Bank of India Titanium Credit card is best suitable for low-income group people. To apply for this card gross annual income should be 1.5 Lakh per annum.

  1. HSBC Visa Platinum Card

HSBC Visa Platinum Card is one of the best cards without any annual or joining fees. This card offers multiple benefits such as cash back, free movie voucher & fuel surcharge waiver.

Features and Benefits –

  • 10% cashback up to Rs.3000 with a minimum spend of Rs.30000.
  • 15% discount as dining privileges in major cities.
  • Fuel Surcharge Waiver
  • Movie Voucher Offer
  • Multiple reward and discount on selected products.
  • Free Credit Period up to 52 days.

HSBC visa platinum credit card is best for rewards and cashback. No joining or annual fee is applicable for this card.

Also Read – 15 Types of Credit Cards in India and Usage

  1. HDFC Moneyback Card

HDFC Moneyback as the name suggests it is best suited free credit card in India for Money back purpose. Rs.1000 is annual fees applicable on this card. However, this fees can be waived off by spending Rs.50000 annually. Key features of HDFC Moneyback Card is given below.

Key Features and Benefits –

  • 2x Reward Points on online shopping
  • Redeem reward point as cashback
  • Zero liability on lost card
  • Fuel Surcharge waiver
  • Spend Rs.50000 in a quarter and get Rs.500 E-Voucher

HDFC Moneyback card is best for cashback. This card is offered to both salaried and self-employed.

  1. ICICI Platinum Chip Credit Card

In free credit cards list, one of the top credit cards is ICICI Platinum Chip Credit Card. This card is value for money as it provides multiple benefits and rewards. This includes annual fee waiver. Key benefit detail of this card is given below.

Features and Benefits –

  • Annual fee waiver on an annual spend of Rs.50000 or above
  • 15% saving on dining bill
  • Fuel surcharge 1% waiver
  • Earn 2 payback point on every Rs.100 spent
  • An extra PIN-based security feature
  • Eligibility for this card is stringent and it is offered to eligible corporates only

This card is most suitable for first-time credit card user and corporate employees.

  1. ICICI Bank HPCL Coral Credit Card

The next best free credit card by ICICI bank is HPCL Coral Credit Card. This card is best suitable for getting extra savings on fuel. The features of ICICI platinum chip card and this card is somewhat similar. This card also offers annual fees waiver on annual spent of Rs.50000 or above.

Key Features

  • Get Rs.100 off on movie ticket twice per month.
  • 15% saving on dining bill
  • 2.5% cashback on fuel spend on HPCL petrol pump
  • Fuel surcharge 1% waiver

If you are spending a lot on fuel you can use this card to reduce your fuel bill.

Also Read – Prepaid Credit Card in India – Types and Benefits

  1. Kotak Royale Signature Credit Card

Kotak Royale Signature Credit card is lifestyle credit card. This card is offered with annual fees of Rs.999. However, this fees can be waived off at an annual spend of 1 Lakh.

Features and Benefits –

  • 4x and 2x Reward points
  • Fuel Surcharge Waiver
  • Free access to Airport Lounge
  • 5 Lakh cover against fraudulent usage

Kotak Royale Signature Credit Card is best suitable for lifestyle expenses.

  1. Kotak League Platinum Credit Card

Another best free credit card from Kotak is Kotak League Platinum Credit Card. Kotak League Platinum Credit card is also lifestyle credit card with multiple reward benefits. Joining fee of this card is NIL. Annual fee is Rs.499 which can be waived off, if you spend Rs.50000 in a year. Key features of this card is given below.

Key Features

  • You can Earn up to 8X reward points on every Rs. 150 spent
  • Rs.500 movie Voucher as joining gift
  • Fuel surcharge waiver
  • Credit Card league shield – Protection cover for card
  • Easy Reward Redemption

This card is best suited for middle class people. Annual income requirement for this card is Rs.5 Lakh.

  1. SBI Simply Save

SBI Simply Save is another best free credit card. Annual fee is applicable on this card. The fee can be waived off if your annual spend is Rs.90000 or above. Key Features and benefit detail of this card is given below.

Features and Benefits

  • Enjoy 10x Reward per Rs.100 spent on Dining, Movies, Department stores, and Grocery
  • Fuel surcharge waiver
  • Auto utility bill payment
  • Cash on the Go Facility

SBI Simply Save is the best card for saving extra money.

Also Read – Credit Card Loan or Personal Loan – Its your Choice

  1. Standard Chartered Platinum Reward Credit Card

Standard Chartered Platinum Reward Credit card is one of the best free credit cards.  A special advantage of Standard Chartered Platinum Reward Credit card is this card provides a lucrative offer of 20% cashback per month on Uber rides. This means you can save sustainable amount on Uber ride per year. An additional benefit offered by this card is given below.

Additional Benefits

  • No Annual and Joining Fees
  • Earn 5 reward points for every Rs.150 spent on dining outlets and on fuel.
  • 20% discount for first time user of the big basket.
  • 1000 reward points on the first transaction of a credit card.
  • Additional 500 reward points for registering online banking.

Note –

There is no free lunch in this world. Everything is charged or bundled with hidden charges. You should go through most important terms and condition before opting for any credit card.

Do Share your experience with a free credit card in the comment section.

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