Are you looking for credit cards that offer excellent rewards without any joining or annual fees? You’ve come to the right place. In this blog, we will rank the top 5 zero fee credit cards in India for maximum rewards. These cards provide significant benefits, rewards, and savings, making them a great choice for those who want to maximize their spending without incurring extra costs.
Top 5 Zero Fee Credit Cards in India for Max Rewards in 2024
The Amazon Pay ICICI Bank Credit Card is a co-branded credit card that offers substantial rewards for Amazon shoppers. With no joining or annual fee, it’s an excellent choice for regular Amazon customers. But, before applying for this card remember that ICICI credit card discounts are not available on co-branded cards like this Amazon pay ICICI bank credit card.
Suitable For
- Regular Amazon shoppers
- Individuals who frequently use Amazon Pay
Benefits
- 5% cashback** for Amazon Prime members on Amazon.in
- 3% cashback for non-Prime members on Amazon.in
- 2% cashback on bill payment transactions and transactions through Amazon Pay
- 1% cashback on all other transactions
- Welcome Benefits: 3 months amazon prime membership, curated offers on recharges, bill payments and shopping.
- Joining Fee: None
- Annual Fee: None
**Cashback credited directly to Amazon Pay balance.
Eligibility
- Age: 18 to 60 years
- Regular income source
The IDFC FIRST Credit Card offers a range of rewards and benefits without any joining or annual fees. It’s designed for millennials who enjoy lifestyle and shopping perks.
Suitable For
- Millennials and Travel enthusiasts
Benefits
- 2% Valueback** on all online and offline spends
- 4 Complimentary Railway Lounge visits per quarter
- 4 Complimentary Domestic Airport Lounge visits per quarter
- Fuel surcharge waiver of 1% on fuel purchases
- Welcome Benefits: Welcome voucher worth Rs 500 on spending just Rs 5,000 in the first 30 days of card generation.
- Joining Fee: None
- Annual Fee: None
**Cashback directly credited to the card account.
Eligibility
- Age: 21 to 60 years
- Regular income source
The HSBC Visa Platinum Credit Card offers a host of rewards and benefits, making it an attractive option for those seeking a zero fee credit card with substantial perks.
Suitable For
- Frequent shoppers
- Travelers
Benefits
- 3x rewards** on dining, hotels, and telecom spends
- 2x rewards on all other spends
- Fuel surcharge waiver of 1% on fuel purchases
- Complimentary access to over 1,000 airport lounges worldwide
- Exclusive dining and lifestyle offers
- Welcome Benefits: 10% cashback (up to INR 2,000) on all txns made within the first 90 days
- Joining Fee: None
- Annual Fee: None
**A Reward Point = 0.25 INR
Eligibility
- Age: 18 to 60 years
- Regular income source
The SBI SimplyCLICK Credit Card is an ideal choice for online shoppers, offering significant rewards on online transactions. With a zero annual fee on spending just INR 1 lakh annually, it’s a great card to have in your wallet.
Suitable For
- Online shoppers
- E-commerce enthusiasts
Benefits
- 10x rewards** on online spends with exclusive partners (Amazon, BookMyShow, Cleartrip, Lenskart, etc.)
- 5x rewards on all other online spends
- 1 reward point for every INR 100 spent on other categories
- Fuel surcharge waiver of 1%
- Welcome Benefits: Amazon e-gift voucher worth INR 500 on joining
- Joining Fee: INR 499 (waived off on spending INR 1 lakh annually)
- Annual Fee: INR 499 (waived off on spending INR 1 lakh annually)
** 1 Reward Point = 0.25 INR
Eligibility
- Age: 18 to 65 years
- Regular income source
The HDFC Tata Neu Infinity Credit Card is specifically designed to cater to the needs of millennials, providing extensive rewards & cashback across a variety of popular categories. It offers a comprehensive set of benefits that make it an attractive option for frequent shoppers and digital enthusiasts.
Suitable For:
- Millennials
- Frequent shoppers
- Digital enthusiasts
Benefits:
- 10% NeuCoins on spends on Tata Neu App. (Inclusive of 5% NeuCoins through NeuPass)
- 5% NeuCoins on spends at Tata partner brands like BigBasket, Croma, Tata 1mg, and more.
- 5% NeuCoins on Recharges and Bill Payments (including Insurance payments).
- 1.5% NeuCoins on UPI ID spends and spends at non-Tata brands.
- Complementary Lounge Access: 8 domestic and 4 International lounge visits per year.
- Fuel Surcharge Waiver: 1% on fuel transactions.
- Joining Fee: INR 1499 + GST.
- Annual Fee: INR 1499 + GST (waived off on spending INR 3,00,000 annually).
- Welcome Benefits: 1499 NeuCoins on joining (If you paid Rs 1499 as joining fees).
- ## Like me, You may also get the card for Lifetime Free. 1 NeuCoin is worth Rs 1.
Eligibility:
- Age: 21 to 60 years.
- Income: Regular source of income required.
- Credit Score: Good credit score (typically 700+).
FAQs on Top 5 Zero Fee Credit Cards in India
1. What is a zero fee credit card?
A zero fee credit card is one that doesn’t have any joining or annual fees, allowing users to enjoy benefits without extra costs.
2. How can I maximize the benefits of a zero fee credit card?
To maximize benefits, use the card for categories offering the highest rewards and ensure you meet any spending requirements for fee waivers.
3. Are zero fee credit cards suitable for everyone?
Yes, they are suitable for a wide range of users, especially those looking to save on fees while still earning rewards.
4. Can I have multiple zero fee credit cards?
Yes, you can have multiple zero-cost credit cards to maximize rewards across different categories.
5. Do zero fee credit cards offer less benefits than paid cards?
Not necessarily. Many zero fee credit cards offer competitive rewards and benefits, though premium cards might offer additional perks.
Risks and Benefits of Credit Cards
Benefits
- Rewards and Cashback: Earn rewards on every spend.
- Interest-Free Period: Enjoy an interest-free period on purchases.
- Convenience: Easy and convenient payment method.
- Credit Score Improvement: Responsible usage can improve your credit score.
Risks
- High-Interest Rates: High-interest rates on unpaid balances.
- Debt Trap: Potential to accumulate debt if not managed properly.
- Fees and Charges: Hidden fees and charges if not aware.
Rupya Bachao Conclusion
Choosing one of these top 5 most rewarding zero fee credit cards allows you to enjoy significant rewards and benefits without worrying about additional costs. Among them, the HDFC Tata Neu Infinity Credit Card stands out. Although, primarily it is not lifetime free (LTF), it offers the best cashback in the form of NeuCoins on various categories. Tata Neu frequently runs additional offers, providing up to 20% instant discounts on shopping from BigBasket, 1mg, TataCliq, and more. Remember to use the card responsibly and pay off your balance in full each month to avoid interest charges. Happy spending!
If you enjoyed this post, be sure to check out our previous article, where we shared an exclusive code to get 8 WOW products for just Rs 1,000. Read it here.
