Best Zero Annual Fee Credit Cards in India for 2022

Paying a huge annual fee on your credit card is worth it only if you get substantial rewards in return. Otherwise, credit cards with no annual fee offer better value and more benefits in the long run. You can keep such credit cards active without incurring any extra cost. Also, if you do minimal spending on lifetime free credit cards, they can go a long way in improving your credit score as the credit utilization ratio will be lowered substantially.

Top Zero Annual Fee Credit Cards in India

Here is the list of the best zero annual fee credit cards from top credit card issuers in India-

Also Read: Best Credit Cards in India for 2021

ICICI Bank Amazon Pay

ICICI Amazon Pay credit card is best for Amazon customers. This is a credit card with no annual fees or joining fees. Below mentioned are some features of this card-

• 5% cashback for Amazon Prime customers on shopping from Amazon
• 3% cashback for non-prime customers on shopping from Amazon
• 2% cashback on shopping at Amazon Pay partner merchants
• 1% cashback on other payments
• 15% discount on dining at select partner restaurants in India

Check other Best Cashback Credit Cards in India

HSBC Visa Platinum Credit Card

This is a zero annual fee credit card from HSBC and is loaded with numerous benefits, some of which are mentioned below-

• Cashback worth Rs. 250 on spending Rs. 50,000 and above every month
• Earn 2 reward points per Rs. 150 spent on the card; points valid for 3 years
• Accelerated Reward Points of 5X on incremental spends above Rs. 4 Lakh every calendar year up to a maximum of 15,000
• Up to Rs. 3,000 savings yearly (1% fuel surcharge waiver)
• Air miles conversion on InterMiles, British Airways and Singapore Airlines
• Buy 1 movie ticket and get 1 free (up to Rs. 250) on BookMyShow once every month

Read More about HSBC Visa Platinum Credit Card

IDFC FIRST Select Credit Card

This is a lifetime free credit card from IDFC First Bank. This contactless credit card offers accelerated rewards and benefits across various categories such as –

• 10X rewards on incremental spend above Rs. 20,000 every month
• Reward Points never expire
• 6X Reward Points on online spends up to Rs. 20,000 every month
• 3X Reward Points on in-store purchases up to Rs. 20,000 every month
• Buy one, get one movie ticket free up to Rs. 250 twice every month
• 4 complimentary airport lounge visits per quarter
• 4 complimentary railway lounge visits per quarter
• Fuel surcharge waiver of 1% at all fuel stations in India up to Rs. 300 every month

Read More about IDFC First Select Credit Card

ICICI Platinum Chip Visa Credit Card

This is a lifetime free credit card from ICICI Bank. It is a contactless credit card and offers amazing benefits such as-

• Minimum 15% savings at over 800 restaurants under the Culinary Treats program of ICICI Bank
• 1% fuel surcharge waiver at HPCL pumps for fuel transactions up to Rs. 4,000
• 2 PAYBACK Points for every Rs. 100 spent on retail transactions except for fuel
• Accumulated reward points redeemable against a host of vouchers and products
• Convenience and safety of contactless cards

Axis Bank Insta Easy

This is a lifetime free credit card by Axis Bank. Given below are the key features of the card-

• 1% fuel surcharge waiver on fuel purchases between Rs. 400 and Rs. 4,000
• 15% dining discount at select partner restaurants
• eDGE loyalty points with Axis Insta Easy credit card
• 100% cash withdrawal facility from the first day

Read More about Axis Bank Insta Easy Credit Card

Best Annual Fee Waiver Credit Cards in India

Apart from the zero annual fee credit cards, here are some other credit cards that come with an annual fee waiver that you can consider –

SBI SimplyClick

SBI SimplyClick is a good option for cardholders who like to shop online. The card comes with a fee of Rs. 499, which is waived off on spending Rs. 1,00,000 in the previous year. Here are some other features-

• Welcome e-gift card worth Rs. 500 from Amazon
• 5X reward points on online shopping
• 1% fuel surcharge waiver on fuel transactions between Rs. 500 and Rs. 3,000
• 10X reward points on shopping from Amazon, BookMyShow, Apollo, Cleartrip, EasyDiner, Lenskart and Netmeds

HDFC MoneyBack

HDFC MoneyBack is a beginner-level credit card with annual fee of Rs. 500. With this card you can earn cashback and reward points which can be utilized for online shopping.

• 2 reward points on every Rs. 150 spent
• 2X reward points on online shopping
• Gift voucher worth Rs. 500 on making purchases of Rs. 50,000 or more
• Annual fee is waived off on spending Rs. 50,000 in a calendar year