If you are tired of paying the renewal fees and are looking for credit cards with no annual fees in India, plenty of great options are available. Many luxury credit cards come with a yearly fee, while some credit cards provide a vast array of benefits without charging any fee.

Reward credit cards with no annual fees are budget-friendly, cut down your yearly maintenance charges and provide a host of benefits. Here are some of the best no annual fee credit cards. Know more and consider these cards for their attractive benefits. 

No Annual Fee Credit Card – Meaning

A lifetime-free credit card comes with no annual or renewal fees. It offers all the benefits of a standard credit card, such as:

• Rewards
• Cashback
• Discounts
• Exclusive Offers
• Insurance covers, zero liability, cash advance and EMI facilities (which may differ from card to card)

With no annual fee credit cards, you can enjoy financial flexibility without having to worry about hidden charges.

No Annual Fee Credit Cards in 2024

Here’s a list of credit cards with no annual fees in India, along with their features and benefits: 

Credit Card Name	Features and Benefits
RBL Bank BankBazaar SaveMax Credit Card	Get 10% cashback on Zomato & BookMyShow  Earn 5X reward points on groceries Free credit advisory report every month
One Credit Card	Get 5X reward points on top two monthly spending categories  Enjoy zero-cost EMI conversion  Save more with discounts across dining, travel, groceries, and more
Amazon Pay ICICI Credit Card	Enjoy no-cost EMI for 3 or 6 months on Amazon purchases Earn 1 Reward Point (values at ₹1) credited as Amazon Pay Balance Unlock unlimited reward points with no expiration
HSBC VISA Platinum Credit Card	Get ₹500 cashback on spending ₹5,000  Save ₹3,000 annually on fuel surcharge fees Convert reward points into airline miles with multiple carriers
ICICI Bank Platinum Chip Credit Card	Earn 2 reward points for every ₹100 spent at partner retail stores Get 1% fuel surcharge waiver (up to ₹4,000) at HPCL Access fast and secure payment technology
IDFC FIRST Select Credit Card	Enjoy free access to domestic airport lounges Avail low forex markup and trip cancellation coverage Buy one, get one free when you buy movie tickets (up to ₹125) on Paytm
HDFC Bank MoneyBack+ Credit Card	Receive 2% cashback on all online purchases Receive 1% cashback on offline spends Get a fuel surcharge waiver at partner petrol pumps
SBI SimplySAVE Credit Card	Enjoy 10X reward points on dining and groceries Earn 1 reward point for every ₹100 spent on other categories Enjoy exclusive offers and discounts at partner stores

Disclaimer: Offers and features of credit cards are subject to change; please check the latest information before you apply.

Features and Benefits of No Annual Fee Credit Cards

Here are some of the features and benefits of a reward credit card with no annual fees: 

Features	Benefits
Lifetime-Free	No annual fee is required to enjoy the card’s services Provides long-term cost savings
Savings	Lack of maintenance charges increases overall savings Waivers on fuel surcharge and other discounts help in cost-cutting
Numerous Privileges	Enjoy travel perks like free access to airport lounges Stay protected with insurance covers
Welcome Benefits	Enjoy bonus points or miles on signing up  Get additional vouchers, OTT subscriptions, or gym memberships
Easy to Apply	Simple qualifying criteria ensure quick and easy approval Requires minimal income to apply (which depends on the credit card companies and the card you choose)

How to Apply for No Annual Fee Credit Cards

You can apply for a no annual fee credit card online or offline. Follow the steps below to apply for such cards: 

Online Application

• Visit the official website of the credit card issuer or download the app
• Click the ‘Apply’ button and provide the mandatory personal and income details
• Upload the required documents for verification
• The credit card company will verify your details and documents
• Once verified, your application may be approved 

Offline Application

• Visit a nearby branch of the credit card issuer 
• Fill out the application form with necessary information related to your income, work and address
• Hand in the required documents for verification
• The issuer will review your details and documents
• Your application may be approved if you meet the eligibility terms 

Eligibility Criteria & Documentation

The terms that help you qualify for a credit card depend on the company and the credit card you have selected. Some common criteria include the following: 

• Age

Most credit card issuers require applicants to be at least 21 years old

• Income

Usually, the criterion is a minimum annual income of ₹2.5 Lakh for many credit cards in India. However, some premium cards may require a higher income; this varies from issuer to issuer.

• Citizenship

Indian citizens, residents, and non-residents are generally eligible to apply for these credit cards.

Apart from the above, your credit score also plays a role in getting approval for a credit card. Check it and ensure it is above 700 to boost your chances. To prove your eligibility, take a look at the general documents you may need to submit:

Identification Proof:

• Aadhaar Card, Passport, PAN Card

Address Proof:

• Aadhaar Card, Utility Bill, Rental Agreement

Income Proof:

• Salary Slips, Income Tax Returns, Bank Statements

Whether you are starting your journey with a credit card or want another card to add value to your wallet, getting one with no joining fee and annual charges can be a smart financial decision. If you want a lifetime-free credit card with offers and deals across many categories, choose the One Credit Card. Its digital onboarding process allows you to activate the card in under five minutes.

With the One Credit Card, you get a convenient, stylish, cost-effective solution for managing your finances. Using the full-stack OneCard App, you can check offers near you via GPS and track your expenses easily. Apply now to enjoy this metal credit card and take advantage of innumerable discounts. 

TIME BUSINESS NEWS