Get and apply for the Top Best Credit Cards for first time users. The list includes the Credit Cards with NIL Annual Fees or renewal fees to apply with. These cards are shortlisted based on the annual fees, Renewal Fees, Lounge access, welcome benefits and cashback rewards. Choose your Credit Card based on the above parameters from the list below.
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Popular Credit Cards Review
- Lowest EMI Interest Rate of 14% plus GST;
- Processing charges are flat Rs 200, irrespective of the amount;
- The repayment period are flexible in 3,6,9,12,18 months;
- There is no Annual Fees on the Credit Cards;
- Easy EMI conversion through the Canara Saathi app or Customer Care;
Welcome Benefits: Voucher of INR 500 on spending INR 15,000 within 90 days of activating the card.
Cash Back: 5% cash back to the maximum of INR 1,000 equivalent to the transaction value of first EMI done within 90 days of card generation.
Cash Back:
- 6 reward points on every INR 150 spent online and 3 reward points on every INR 150 spent offline spent below INR 20,000 a month.
- 10 reward points on every INR 150 spent above INR 20,000 a month and the same will be applicable on the birthday of the user.
- 1 reward point = INR .25
- reward points are without any upper limit and one can accumulate as many.
- 3 reward points on the payment of rent will be an independent category.
- There is a convenience fee of INR 99 + GST on redemption of reward points.
Interest Free Cash Withdrawals:
Cash withdrawals without interest on domestic and international ATMs for up to 48 days. There will be a cash advance fee of INR 250 per transaction.
Forex Markup:
3.5% for all international transactions
Axis Bank ACE Credit Card
Fee Wavers:
Joining Fee: INR 499 + taxes, no annual fee if you spend INR 10,000 within 45 days of card issuance.
Annual Fee: INR 499 + taxes, annual fee waived on an annual spend of more than INR 2,00,000.
Lounge Access:
Four complimentary domestic airport lounge visits at select domestic airports in a year.
Fuel Surcharge:
- 1% fuel surcharge waiver for all petrol stations across India.
- Transactions should be between INR 400 to INR 4,000.
- To the maximum benefit of INR 500.
- GST charges on fuel will not be refunded.
- No cash back earned on fuel transactions.
Dining Offers:
20% off in more than 4,000 partner restaurants across the country.
American Express SmartEarn™ Credit Card
Other Features
Fees Waiver:
Annual Fee: INR 495 + taxes, nil annual fee on spending INR 40,000 and above in the previous year.
Welcome Benefits: A cashback of INR 500 on spending INR 10,000 within 90 days of its issuance.
Reward Points:
1) 10X Membership Rewards With transactions on Flipkart,Amazon and Uber, users get 10X rewards for every INR 50 spent.
2) 5X Membership Rewards With transactions on Paytm Wallet, Swiggy, BookMyShow, PVR, Myntra, Jabong, Grofers, Big Bazaar, users get 5X rewards for every INR 50 spent.
3) 1 Membership Rewards Point for every INR 50 spent except for spends on fuel, insurance, utilities, cash transactions and monthly installments (EMI) conversion at point of sale.
Other Benefits:
- Zero Lost Card Liability: No liability if it is reported within 3 working days. If the fraud is reported beyond 3 working days then the maximum liability of the customer will be limited to INR 1,000.
- Emergency Card Replacement
- Amazon vouchers worth INR 500 upon reaching the spend milestones of INR 1.20 lakh, INR 1.80 lakh and INR 2.40 lakh in a card membership year.
- You can convert your purchase into monthly instalments (EMIs) at an interest rate of 14% per annum and zero foreclosure charges.
HDFC Regalia Credit Card
HDFC bank is offering Regalia Credit Card to premier customers with no annual fees and renewal fees but you need to go with strong bargain with the sales people. Otherwise annual charge is Rs 2500, a little expensive. This cars is offering Rs 0.50 as reward point which is also low as compare to other cards in the segment. This card is best for insurance coverage inbuilt in it. Get INR One Crore in case of accidental death in an aircraft crash if this credit card was used in booking the tickets, and a cover of INR 15 lakh in case you are hospitalized while abroad. This makes for a good deal.”
Fees Waiver:
- Annual Fee: INR 2,500+ taxes; This fee is waived off if you spend more than INR 3 lakh in the first year of taking the card and renew it once again the next year.
- Annual Fees and Renewal Fee waiver is applicable while applying
Welcome Benefit: 2500 reward points and you get the same every time you pay the annual membership. This benefit will not be given to you if the annual fee is waived off.
Dining Benefits:
Exclusive complimentary Dineout Passport Membership.
Lounge Visits:
12 complimentary airport lounge accesses within India and six outside.
Reward Point:
- 10,000 reward points on expenditure of INR 5 lakh and additional 5,000 reward points on INR 8 lakh of expenditure in an anniversary year.
- Earn 4 reward points on every INR 150 spent (these spends should be on retail).
- Earn 4 reward points on every INR 150 spent on all retail spends including insurance, utilities, education and rent payments.
- Earn 10,000 reward points on annual spends of INR 5 lakh.
- Earn additional 5,000 reward points on annual spends of INR 8 lakh.
Additional Features:
- Zero Cost Liability: In case you lose your Regalia Credit Card and you report it immediately to the company’s 24-hour call center, you have zero liability on any fraudulent transactions made on your credit card.
- Foreign Currency Markup: It is a charge by the credit card company when you make payments in a foreign currency using your card. This markup is 2%, which is comparatively low compared with other cards’ markup, which can be as high as 3.5% + GST
- Revolving Credit: It is available but the interest rate may differ from case to case.
- Fuel Surcharge Waiver: 1% fuel surcharge waiver at all fuel stations across India on minimum transaction of INR 400 and maximum transaction of INR 5,000.
Insurance:
- Accidental air death cover of INR 1 crore.
- Emergency overseas hospitalization cover: It covers upto INR 15 lakh.
- Lost card liability cover: It covers up to INR 9 lakh.
Yes Premia Credit Card
The Yes Premia credit card are generally offered with NIL annual fees with good bargain during the time of issuance. This card is superb with if offered with NIL joining fees and annual fees.
SimplyCLICK SBI Credit Card
SBI Simply Click credit card is a good option with lower annual fees and higher reward rate especially in online shopping. The overall reward rate comes near to 1.25% annually. Whatever the case may be but I suggest to keep at least a variant of SBI Credit Card in your wallet. This bank is offering a great reward and cashback offers equally in offline as well online shopping. SBI is superb in offering the Credit Card loan at easiest rate of interest as low as 13% per year. They are also offering the credit card loan without blocking the Credit Card limit.
Fees Waiver
Annual Fee: Rs 500, NIL on spend of INR 1 lakh in a year.
Welcome Gift: Get Amazon.in gift card worth INR 500 on joining.
Reward Points and Redemption of Reward Points:
- 10X Reward Points on online spends with exclusive online partners including Amazon, Apollo 24X7, BookMyShow, Cleartrip, Dineout, Lenskart, Netmeds.
- 5X rewards on all other online spends. Earn 1 reward point per INR 100 on all other spends (1 Reward Point is equivalent to INR 25 paise).
- Check the terms and conditions like the following are applicable:
Fuel Surcharge:
1% fuel surcharge waiver on transactions between 500 and 3,000; up to 100 per statement cycle.
No Lounge Access
Flipkart Axis Bank Credit Card
Flipkart Axis Bank Credit Card” description=”The best card for Flipkart shopping freak. Get 5% cashback through out year on Flipkart without any upper cap. Additionally, Four airport lounge visits in one calendar year in India. The annual charge for the card is Rs 499.
Fees Waiver:
Annual Fee: 500 + taxes ( No annual fee on spending INR 200,000 in a year)
Welcome Benefits:
1. INR 500 worth Flipkart vouchers on your first transaction with your Flipkart Axis Bank Credit Card.
2. Get 15 months Gaana plus at a discounted price of INR 399.
3. 20% off up to INR 500 on The Phy Life.
4. 20% off up to INR 500 on Plum Goodness.
5. 15% cashback up to INR 500 on your first transaction on Myntra using Flipkart Axis Bank credit card.
Welcome Benefits:
- Get 15 months Gaana plus at a discounted price of INR 399.
- 20% off up to INR 500 on The Phy Life.
- 20% off up to INR 500 on Plum Goodness.
- 15% cashback up to INR 500 on your first transaction on Myntra using Flipkart Axis Bank credit card.
Cash Back:
- 5% cash back on Flipkart 2GUD (Flipkart’s local feature that brings popular offline retailers and shopping malls online for its customers in India) and Myntra.
- 4% cashback on preferred merchants including PVR, Swiggy, Uber, cure.fit.
- 1.5% cash back on all other categories.
Lounge Visit:
Four airport lounge visits in one calendar year in India. Some of the lounges include
Fuel Surcharge Waiver:
1% waiver on all petrol pumps in India between INR 400 and INR 4,000, to the maximum of INR 500 only.
Also Read – List of 8 Best Credit Cards For EMI in India, 20223