Credit cards allow you to carry your unpaid balance into the next billing cycle. This feature allows you to pay off your bills without taking out a loan and is preferable to converting them into EMIs or taking a loan. However, when you decide to carry forward the balance, a small interest is levied on the amount. Therefore, having a credit card with a low-interest rate can be beneficial for those looking for some expensive purchases via credit cards. Usually, interest rates in the range of 1.5% to 2.99% per month are considered low when it comes to credit cards.
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 that offer relatively lower rates of interest.
Best Low-Interest Credit Cards in 2022
|Credit Card||Annual Fee||Monthly Interest Rate||Annual Percentage Rate (APR)|
|HDFC Bank Infinia Credit Card||Rs. 10,000||1.99%||23.88%|
|HDFC Diners Club Black Credit Card||Rs. 10,000||1.99%||23.88%|
|Kotak Privy League Signature Credit Card||Rs. 2,500||2.49%||29.88%|
|SBI Elite Credit Card||Rs. 4,999||1.99%||23.88%|
|Axis Bank Burgundy Private Credit Card||Rs. 50,000**||1.50%||19.56%|
|Axis Bank Magnus|
*Please note that the interest rates mentioned above are subject to change at the bank’s sole discretion.
**The annual fee is Nil for Burgundy Private account holders.
HDFC Bank Infinia Credit Card is a super-premium card offered to select customers on special invite from HDFC Bank. Best suited for high net-worth individuals (HNIs), this credit card offers benefits on multiple categories including travel, rewards, shopping, dining etc.
Suggested Read: Best Credit Cards in India for High Net Worth Individuals
1.99% per month | 23.88% per annum
Features and Benefits
Thinking about getting HDFC Bank Infinia Credit Card. Read our review first.