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While premium credit cards offer decent benefits across various categories, they usually charge a very high annual fee. However, there are several low annual fee credit cards available in the market that offer significant value-back through rewards, cashback, and discounts, all with an annual fee of up to Rs. 500. These cards are designed to help you save on everyday expenses like groceries, fuel, utility bills, and even travel bookings. To help you find the right card, we have listed some of the top credit cards with annual fees up to Rs. 500 that offer benefits across multiple categories.
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Compare Top 7 Credit Cards with Annual Fee Up to Rs. 500
Axis Bank ACE Credit Card
Joining fee: ₹499
Annual/Renewal Fee: ₹499
5% cashback on utility bill payments and recharges via Google Pay
4% cashback on Swiggy, Zomato and Ola
Product Details
- 1.5% cashback on other offline & online spends
- 4 domestic lounge access per year on spending Rs. 50,000 or more in the previous quarter
- 1% fuel surcharge waiver across all fuel stations on transactions between Rs. 400 to Rs. 4,000
Flipkart Axis Bank Credit Card
Joining fee: ₹500
Annual/Renewal Fee: ₹500
7.5% cashback on Myntra
5% cashback on transactions at Flipkart and Cleartrip
Product Details
- 1% cashback across other spends
- Activation benefits worth Rs. 600 from Flipkart and Swiggy
- 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000
YES BANK Paisabazaar PaisaSave Credit Card
Joining fee: ₹0
Annual/Renewal Fee: ₹499
6% cashback on travel and dining spends
Unlimited 1% cashback on all other spends, including UPI
Product Details
- 6% cashback is capped at Rs. 3,000 per month, post which 1% cashback will apply
- Earned reward points can be redeemed as statement credit in 1:1 ratio at zero redemption fee
- Renewal fee waived off on reaching Rs. 1.2 lakh annual spends
- 1% fuel surcharge waiver, up to Rs. 250 per month, on all fuel spends worth Rs. 500 to Rs. 3,000
HDFC MoneyBack+ Credit Card
Joining fee: ₹500
Annual/Renewal Fee: ₹500
10X CashPoints on Flipkart, Amazon, Swiggy, Reliance Smart SuperStore & BigBasket
Gift vouchers worth Rs. 2,000 every year
Product Details
- 2 CashPoints per Rs. 150 spent on other categories
- 500 CashPoints as welcome benefit after the payment of joining fee
- Gift vouchers worth up to Rs. 2,000 in a year as milestone benefits
Airtel Axis Bank Credit Card
Joining fee: ₹500
Annual/Renewal Fee: ₹500
25% cashback on payment for Airtel Mobile, DTH, etc. via Airtel Thanks App
10% cashback on utility bill payment via Airtel Thanks App
Product Details
- 10% cashback on utility bill payments via Airtel Thanks app
- 10% cashback on spends at Zomato, Swiggy and BigBasket
- Unlimited 1% cashback on other spends
- 4 complimentary domestic airport lounge visits every year
Standard Chartered EaseMyTrip Credit Card
Joining fee: ₹350
Annual/Renewal Fee: ₹350
20% discount on domestic & international hotel bookings via EaseMyTrip
10% discount on domestic & international flight bookings via EaseMyTrip
Product Details
- Save up to Rs. 5,000 on domestic hotel bookings and Rs. 10,000 on international hotel bookings via EaseMyTrip
- Save up to Rs. 1,000 on domestic flight bookings and Rs. 5,000 on international flight bookings via EaseMyTrip
- Flat Rs. 125 off on bus ticket bookings via EaseMyTrip
- 10 reward points per Rs. 100 spent at standalone airline/hotel websites, mobile apps or outlets
- 2 complimentary domestic lounge visit per year
IDFC FIRST Power+ Credit Card
Joining fee: ₹499
Annual/Renewal Fee: ₹499
Up to 6.5% value-back on HPCL fuel spends
Up to 8.83% savings on travel spends through IDFC FIRST mobile app
Product Details
- 30 rewards per Rs. 150 spent on HPCL fuel & LPG; 6 Happy Coins per Rs. 100 spent on HP Pay app
- 30 rewards per Rs. 150 spent on grocery, utilities & IDFC FIRST FASTag
- 3 rewards per Rs. 150 spent on UPI & other purchases, 1 RP = Rs. 0.25
- 1 complimentary domestic airport lounge access per quarter on min. monthly spends of Rs. 20,000
- 25% off, up to Rs. 100, on movie tickets once per month & annual fee waived on Rs. 1.5 lakh annual spends
Best Credit Cards with Annual Fee Up to Rs. 500
Given below are some of the top credit cards charging an annual fee of up to Rs. 500, offering benefits across multiple categories.
1. Axis Bank ACE Credit Card
Best Suited For: Cashback on Online Shopping & Bill Payments
Joining/ Annual Fee: Rs. 499
Key Features & Benefits:
- 5% cashback on bill payments and recharges via Google Pay
- 4% cashback on Zomato, Swiggy and Ola
- 1.5% cashback on other spends
- 4 complimentary domestic airport lounge visits per year on spending Rs. 50,000 during the previous 3 months
- Up to 15% off on dining bills at partner restaurants via EazyDiner
Axis ACE is a cashback card designed to offer accelerated benefits on bill payments and recharges through Google Pay. While most of the cards exclude utility bill payments from the cashback or rewards program, offering 5% cashback on these transactions makes this card stand out among other entry-level cards. Besides this, cardholders can also save on everyday categories like dining, groceries and travel by earning 4% cashback on Zomato, Swiggy and Ola. Overall, Axis ACE is a suitable option for consumers seeking an entry-level card that offers decent value-back across multiple categories.
2. Flipkart Axis Bank Credit Card
Best Suited For: Co-branded Benefits at Flipkart & Myntra
Joining/ Annual Fee: Rs. 500
Key Features & Benefits:
- 7.5% cashback on Myntra, capped at Rs. 4,000 per quarter
- 5% cashback on Flipkart and Cleartrip, capped at Rs. 4,000 each per quarter
- Unlimited 4% cashback on preferred merchants (cult.fit, PVR, Swiggy, Uber)
- Unlimited 1% cashback on other transactions
- Flipkart voucher worth Rs. 250 on making the first transaction within 30 days from card issuance
- 50% discount up to Rs. 100 on the first transaction for new Swiggy customers
Flipkart Axis is a co-branded card offering 5% cashback on Flipkart and Cleartrip and unlimited 4% cashback on other partner brands such as cult.fit, PVR, Swiggy, and Uber. An important point to note about this card is the addition of 7.5% cashback on Myntra. Despite being a co-branded card, it offers benefits across multiple categories such as travel, online shopping, dining, groceries and entertainment, which enhances the card’s overall value. Consumers who prefer to spend online at Flipkart & Myntra and make travel spends through Cleartrip can maximize the benefits of this card.
3. YES Bank Paisabazaar PaisaSave Credit Card
Best Suited For: Cashback on Dining & Travel
Joining/ Annual Fee: Rs. 499 (No Joining Fee)
Key Features & Benefits:
- 6% cashback on spends at travel & dining categories
- 1% cashback on spends at other categories, including UPI transactions
- 1% fuel surcharge waiver across all petrol pumps, (Max. Rs. 250 per month)
- Annual fee waiver on annual spends of Rs. 1.2 Lakh
YES BANK Paisabazaar PaisaSave Credit Card is a suitable choice for consumers who frequently spend on dining and travel. With this card, cardholders can earn 6% cashback on all travel and dining spends, without any merchant restrictions. Besides this, the card offers a base cashback rate of 1% on other spends along with UPI transactions. While most cards offer accelerated benefits only on select brands, this card offers 6% cashback on all online and offline travel and dining spends, making it a strong contender in the travel & dining categories. Consumers seeking a card with decent value-back across travel and dining spends, without favouring any particular brand or platform, can easily maximize their savings with this card.
4. HDFC MoneyBack+ Credit Card
Best Suited For: Reward Points on Popular Brands
Joining/ Annual Fee: Rs. 500
Key Features & Benefits:
- 20 CashPoints per Rs. 150 spent on Flipkart, Amazon, Swiggy, Reliance Smart SuperStore and BigBasket
- 2 CashPoints per Rs. 150 spent on other categories, including UPI spends
- 500 CashPoints as joining and renewal benefit
- Gift voucher worth Rs. 500 on spending Rs. 50,000 or more in a quarter
- Up to 20% off on dining at partner restaurants via Swiggy Dineout
HDFC MoneyBack+ is an entry-level card offering value-back in the form of CashPoints, which are redeemable across various categories such as cashback, Airmiles, and travel bookings through the SmartBuy portal. The card offers benefits on some of the most practical everyday categories, such as shopping, groceries, dining, and more. Cardholders can earn 10X CashPoints on popular brands like Flipkart, Amazon, Swiggy, Reliance Smart SuperStore & BigBasket. Besides this, the card offers base rewards on other regular as well as UPI spends. This card is a suitable option for consumers seeking a low annual fee card with benefits across multiple everyday categories.
5. Airtel Axis Bank Credit Card
Best Suited For: Bill Payments and Recharges
Joining/ Annual Fee: Rs. 500
Key Features & Benefits:
- 25% cashback on bill payment for Airtel Mobile, Broadband, Wifi, and DTH via Airtel Thanks app
- 10% cashback on utility bill payments such as electricity, water, gas via Airtel Thanks app
- 10% cashback on spends at preferred merchants, including Zomato, Swiggy and BigBasket
- 1% cashback on other eligible spends
- Amazon e-voucher worth Rs. 500 on the first transaction made within the first 30 days of card issuance
- 4 complimentary domestic lounge visits per year on spending Rs. 50,000 during the previous 3 months
Airtel Axis Bank is a co-branded credit card primarily designed to offer accelerated benefits on recharges and bill payments. The card offers up to 25% cashback on utility bill payments and recharges via the Airtel Thanks app. Despite being a co-branded card, it extends its accelerated cashback of 10% to spends at partner merchants, including Zomato, Swiggy, and BigBasket, which enhances its overall value. At an annual fee of Rs. 500, this card is a reasonable option for consumers who are already in the Airtel ecosystem or are planning to join, as they can easily maximize the benefits offered by this card.
6. Standard Chartered EaseMyTrip Credit Card
Best Suited For: Travel Spends at EaseMyTrip
Joining/ Annual Fee: Rs. 350
Key Features & Benefits:
- Up to 20% off on domestic & international hotel bookings via EaseMyTrip
- Up to 10% off on domestic & international flight tickets via EaseMyTrip
- Rs. 125 off on minimum ticket value of Rs. 500 on bus bookings via EaseMyTrip
- 10 reward points per Rs. 100 spent at standalone airline/hotel websites, apps or outlets, except any travel aggregators
- 2 reward points per Rs. 100 spent on other categories, including spends at EaseMyTrip
- 2 complimentary domestic lounge visits in a year
Standard Chartered EaseMyTrip Credit Card is a co-branded travel card offering up to 20% discount on travel bookings via EaseMyTrip. Cardholders can avail direct discount on their travel bookings along with base reward points. Also, the travel benefits are not limited to just a single brand, as cardholders can earn accelerated rewards on travel bookings made directly through standalone airline and hotel websites or apps as well. This credit card is a suitable option for frequent travellers who prefer to make bookings via EaseMyTrip and are looking for a card with significant savings on travel spends.
7. IDFC FIRST Power+ Credit Card
Best Suited For: Co-branded Benefits at HPCL
Joining/ Annual Fee: Rs. 499
Key Features & Benefits:
- 30 rewards points per Rs. 150 spent at HPCL
- 30 reward points per Rs. 150 spent on groceries & utilities
- 30 reward points per Rs. 150 spent on IDFC FIRST FASTag Recharge
- 3 reward points per Rs. 150 spent on other categories
- 6 Happy Coins per Rs. 100 on fuel spends through HP Pay app
- 1 complimentary domestic lounge visit every quarter on minimum monthly spends of Rs. 20,000
IDFC FIRST Power+ Credit Card is an upgraded variant of IDFC FIRST Power Credit Card. This card stands out by offering a value-back of 6.5% on HPCL fuel spends through rewards and loyalty points. Apart from fuel, cardholders can also save on everyday categories, including groceries and utility bill payments, along with FASTag recharges. At an annual fee of Rs. 499, this credit card is a suitable option for consumers seeking a low annual fee card with significant savings on their fuel as well as everyday expenses.
Other Credit Cards with Annual Fee Up to Rs. 500
Apart from the above-mentioned cards, some other credit cards offering decent savings across multiple categories at an annual fee of under Rs. 500 are mentioned in the table below:
| Credit Card | Annual Fee | Key Benefits |
| HDFC Bank UPI RuPay Credit Card | Rs. 99 | Up to 3% CashPoints on UPI spends |
| SBI SimplyCLICK Credit Card | Rs. 499 | 5X rewards on popular online brands |
| Swiggy HDFC Bank Credit Card | Rs. 500 | 10% cashback on spends at Swiggy |
| Tata Neu Plus HDFC Credit Card | Rs. 499 | 7% value-back on select Tata Neu spends |
| PVR INOX Kotak Credit Card | Rs. 499 | 5% off on PVR movie tickets |
| IndianOil Axis Bank Credit Card | Rs. 500 | 5% value-back on fuel spends at IOCL |
| ICICI HPCL Super Saver Credit Card | Rs. 500 | 5% value-back on HPCL fuel spends |
