Best Low Interest Credit Cards in India 2026

Credit cards allow you to carry your unpaid balance into the next billing cycle, enabling you to pay off your bills without taking a loan. However, when you decide to carry forward the balance, an interest is levied on the outstanding amount. Therefore, owning a low interest rate credit card can be beneficial for those who rely on credit cards for making expensive purchases.

So, if you think you might want to carry the balance forward, going for a card that does not charge a high rate of interest will be the best option for you. Below you can find a list of the best credit cards with low interest rates.

Compare Top 5 Low Interest Credit Cards in India

IDFC FIRST Wealth Credit Card

3_/5

Joining fee: ₹0

Annual/Renewal Fee: ₹0

Up to 10x rewards on every spend

Up to 8 international & 8 domestic airport lounge & spa access in a year

Travel

Lifetime Free

Rewards

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Product Details

• 3x rewards on monthly spends of up to Rs. 20,000 and 10x rewards on spends after this spend threshold
• 1 reward point per Rs. 150 spent on insurance and utility; low forex mark-up fee of 1.5%
• Buy 1 get 1 offer with up to Rs. 250 off twice a month on movie tickets on District by Zomato app
• Complimentary golf round per Rs. 20,000 monthly spends, up to 2 rounds/month
• 5% cashback on 1st EMI transaction and Rs. 500 gift voucher as welcome benefit
• Low forex mark-up of 1.5%

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Axis Bank Burgundy Private Credit Card

4_/5

Joining fee: ₹50000

Annual/Renewal Fee: ₹50000

Unlimited domestic & international airport lounge access

Complimentary EazyDiner Prime, Club Marriott, Accor Plus and Taj Epicure memberships

Travel

Premium

Rewards

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Product Details

• Free EazyDiner Prime Membership for savings up to 25% at fine dining restaurants
• 50 complimentray golf rounds every year
• Free ticket for every movie/non-movie ticket bought through BookMyShow, applicable 5 times for movies and 5 times for non-movie events
• Complimentary concierge service for 8 airport visits
• Complimentary Club Marriott, Accor Plus, and Taj Epicure memberships
• Zero forex markup fee

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HDFC Infinia Credit Card

4_/5

Joining fee: ₹12500

Annual/Renewal Fee: ₹12500

Unlimited airport lounge access for primary and add-on members

10x reward points on travel and shopping spends on Smartbuy

Travel

Premium

Rewards

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Product Details

• 1 RP = 1 Air Mile or Rs. 1 for travel bookings, Apple products and Tanishq vouchers purchased via SmartBuy
• Invite-only card with Club Marriott membership and 12,500 reward points on card activation & renewal
• 5 reward points on every Rs. 150 spent, including spends on insurance, utilities and education​
• Access to unlimited golf games and lessons across premium golf courses worldwide
• Book 3 nights stay at participating ITC hotels and pay for 2 with 1+1 complimentary weekend buffet
• Low forex mark-up fee of 2%

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HDFC Diners Club Black Metal Edition Credit Card

4_/5

Joining fee: ₹10000

Annual/Renewal Fee: ₹10000

Unlimited airport lounge access for primary and add-on members

High base rewards rate of 3.33% with 5 reward points per Rs. 150 spent

Travel

Premium

Rewards

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Product Details

• Up to 10X reward points on SmartBuy and 2X on weekend dining with up to 1:1 redemption ratio
• Annual memberships of Club Marriott, Amazon and Swiggy One on joining
• Low forex markup fee of 2% and renewal of annual complimentary memberships on Rs. 8 lakh annual spends
• 10,000 reward points on spending Rs. 4 lakh or more in a quarter
• 6 complimentary golf games in a calendar quarter

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Axis Magnus Credit Card

3.5_/5

Joining fee: ₹12500

Annual/Renewal Fee: ₹12500

Unlimited international & domestic lounge visits with 4 additional guest visits

Up to 60 EDGE reward points per Rs. 200

Travel

Premium

Rewards

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Product Details

• Low forex mark-up fee of 2%
• Conversion of rewards into Air Miles or Hotel Loyalty points (5:2)
• Luxe gift card/ The Postcard Hotels/ Yatra voucher worth Rs. 12,500 on making the first transaction within 30 days from card issuance

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5 Best Low Interest Credit Card in Jan 2026

Given below are some of the best credit cards with low interest rates offering benefits across multiple categories, such as shopping, travel, dining, entertainment and more.

1. IDFC FIRST Wealth Credit Card

Joining/ Annual Fee: Nil
Interest Rate: 0.71% to 3.85% p.m. (8.5% to 46.2% p.a.)

Key Features & Benefits:

• 3X rewards on online & offline spends for spends up to Rs. 20,000 per month
• 10X rewards on incremental spends above Rs. 20,000 per month and on birthday spends
• 1X rewards on utility bill payments and insurance spends
• Gift vouchers worth Rs. 500 and 5% cashback on your first EMI transaction as welcome benefits
• 2 complimentary domestic airport spas & lounges visits per quarter
• 2 complimentary international lounge visits per quarter
• Low forex markup fee of 1.5%
• ‘Buy one, get one’ offer on movie tickets at Paytm mobile app

IDFC FIRST Wealth is a lifetime free credit card offering benefits across multiple categories, including dining, movies, shopping, and more. This credit card can be ideal for individuals looking for an all-rounder credit card and do not want to pay an annual fee. However, cardholders who can spend Rs. 20,000 and above every month can maximize the benefits out of this card.

Suggested Read: Best Zero Forex Markup Credit Cards

2. Axis Bank Burgundy Private Credit Card

Joining/ Annual Fee: Rs. 50,000 + Applicable Taxes (Nil for Burgundy Private Customers)
Interest Rate: 1.5% p.m. (19.56% p.a.)

Key Features & Benefits:

• 15 EDGE Reward points for every Rs. 200 spent
• Zero forex markup fee on international transactions
• Complimentary Priority Pass membership for primary and add-on members
• Unlimited lounge access at international and domestic airports with 12 free guest visits each
• Complimentary Club Marriott, Accor Plus and Taj Epicure memberships
• Exclusive benefits at Postcard Hotels, Oberoi & Trident Hotels
• 50 complimentary golf rounds every year at some of leading golf courses

Axis Bank Burgundy Private Credit Card is a super premium card best suited for high-net-worth individuals. The card is offered at no joining or annual fees to Burgundy Private customers. Premium benefits like complimentary memberships, unlimited lounge visits, and a zero forex markup fee make this card a suitable choice for frequent travellers. Overall, this card is a suitable option for consumers who are seeking a card with luxury travel and lifestyle benefits.

Suggested Read: Credit Cards with No Annual Fee

3. HDFC Infinia Credit Card

Joining/ Annual Fee: Rs. 12,500 + Applicable Taxes
Interest Rate: 1.99% p.m. (23.88% p.a.)

Key Features & Benefits:

• 5 reward points per Rs. 150 spent
• Up to 10X reward points on travel and shopping spends made via HDFC Bank’s SmartBuy Platform
• Unlimited domestic lounge access for primary and add-on cardholders
• Unlimited international lounge access via Priority Pass for primary and add-on cardholders
• Exclusive hotel and dining benefits with ITC Hotels
• Complimentary Club Marriott membership for the first year as a welcome benefit
• Low forex markup fee of 2%
• Unlimited complimentary golf games at participating golf courses in India and abroad

HDFC Infinia Credit Card Metal Edition is a super premium invite-only credit card that is offered to select customers of HDFC Bank. This credit card is best suited for consumers looking for an option to avail benefits across multiple categories, be it travel, shopping, dining, or lifestyle. High spenders who frequently travel can make the most out of the rewards program by earning up to 10X reward points on travel spends through SmartBuy and redeeming those points at a 1:1 ratio for Airmiles and travel bookings.

4. HDFC Diners Club Black Credit Card

Joining/ Annual Fee: Rs. 10,000 + Applicable Taxes
Interest Rate: 1.99% p.m. (23.88% p.a.)

Key Features & Benefits:

• 5 reward points per Rs. 150 spent
• Up to 10X reward points on spends at HDFC Bank’s SmartBuy portal
• Complimentary annual memberships of Club Marriott, Times Prime, Amazon Prime, MMT BLACK Elite Tier and three-month Swiggy One on spending Rs. 1.5 Lakh within the first 90 days or upon first-year fee realization
• 2 monthly vouchers from cult. fit Live 1-month membership or BookMyShow or TataCLiQ or Ola vouchers worth Rs. 500, every month on spending Rs. 80,000
• Unlimited airport lounge access worldwide for both primary and add-on user
• Low forex markup fee of 2%
• 6 complimentary golf games per quarter across the finest courses in the world

HDFC Diners Club Black Credit Card offers benefits across multiple categories, including travel, shopping, rewards, dining, and golf. Similar to Infinia, this credit card offers a reward rate of up to 33% on SmartBuy spends and 3.33% on other spends, making it a suitable option for high spenders. Additionally, benefits like unlimited lounge visits, complimentary memberships and a low forex markup fee make it a suitable option for frequent travellers.

5. Axis Magnus Credit Card

Joining/ Annual Fee: Rs. 12,500 + Applicable Taxes
Interest Rate: 3.0% p.m. (42.58% p.a.)

Key Features & Benefits:

• 12 EDGE reward points on every Rs. 200 spent on cumulative monthly spends of up to Rs. 1.5 Lakh
• 35 EDGE reward points per Rs. 200 spent above cumulative monthly spends of Rs. 1.5 Lakh
• 60 EDGE reward points per Rs. 200 spent on Travel EDGE portal up to cumulative monthly spends of Rs. 2 Lakh
• 35 EDGE reward points per Rs. 200 spent on Travel EDGE portal above monthly spends of Rs. 2 Lakh
• Low forex markup fee of 2%
• Unlimited complimentary international lounge visits with Priority Pass
• Unlimited complimentary domestic lounge visits on spending Rs. 50,000 in the previous three months
• Exclusive offers at international Oberoi & Trident hotels

Axis Magnus Credit Card offers up to 5X reward points on travel spends along with benefits across various categories, such as shopping, entertainment, dining, and more. Cardholders can redeem the accumulated reward points against partner airlines and hotel loyalty points at a 5:2 ratio, making it a preferable option for frequent travellers. Also, premium benefits like a low forex markup fee, unlimited lounge visits along with additional guest visits, and exclusive hotel benefits enhance the overall value for high-end travellers.

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FAQs

What is a low-interest credit card?
A low-interest credit card is a card that charges a lower annual percentage rate (APR) compared to standard cards. It helps reduce the cost of carrying a balance and makes repayments more affordable.

What are the advantages of credit cards with low interest rates?
Low-interest cards help reduce overall finance charges when you carry a balance. They make debt repayment easier and more cost-effective over time. Some cards may also offer balance transfer options to help consolidate expensive debt.

Who should apply for a low-interest credit card?
Individuals who frequently revolve credit or struggle to pay the full amount each month should opt for these cards. They are also suitable for beginners who want to avoid high finance charges. Overall, they benefit anyone aiming to reduce borrowing costs.

How to choose the right low-interest credit card?
You should compare cards based on APR, fees, and repayment flexibility. Check whether the credit card interest rate is fixed or variable and whether there are penalties for late payments. Also consider additional benefits like balance transfer options.

How can I maximize savings with low-interest cards?
Always pay more than the minimum due to reduce interest charges. Avoid unnecessary transactions that attract higher rates, such as cash withdrawals. Using credit card EMI conversion wisely can also help manage large purchases more affordably.

What CIBIL score qualifies for the best low-APR cards in India?
Most banks prefer applicants with a CIBIL score of 750 or higher for low-APR cards. A higher score improves your chances of approval and may help secure better terms. Some banks may approve applicants with slightly lower scores, but at higher rates.

How do banks calculate the effective APR on credit cards?
The issuers compute APR based on the daily interest rate applied to your outstanding balance. They factor in finance charges, fees, and compounding frequency to determine the effective annual cost. This helps users understand the true cost of borrowing.

How does EMI conversion help reduce interest on credit cards?
EMI conversion lowers the effective interest by replacing high revolving interest with a structured, lower-rate plan. It makes large purchases more manageable through fixed monthly payments. This helps reduce overall financial stress and improves repayment discipline.