Top Credit Cards with Annual Fee up to Rs. 500

When it comes to credit cards, you must choose a card that suits you the most depending upon your needs and requirements in order to save money on your transactions with an annual fee of up to Rs. 500. Following is the list of such cards with an annual fee and other factors such as cashback offers, reward points, annual fee waiver, etc.

 SBI SimplyCLICK Credit Card

Joining Fee: Rs. 499
Annual/Renewal Fee: Rs. 499 (waived off on spending Rs. 1 lakh in a year)
Key Feature: 10X rewards on online spends with exclusive partners

SBI SimplyCLICK Credit Card is a shopping credit card that offers benefits on multiple merchants, such as Amazon, BookMyShow, Cleartrip, and more. You can earn up to 10X reward points on brands like Apollo, Eazydiner, Lenskart, etc., via this credit card. Here are some of the key features of this credit card:

• Amazon gift card worth Rs. 500 on joining
• 10X rewards on online spends with exclusive partners, including Amazon, Apollo 24X7, BookMyShow, Cleartrip, Eazydiner, Lenskart & Netmeds
• 5X rewards on all other online spends
• 1 reward point per Rs. 100 on all other spends
• 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 3,000
• Annual fee waiver on spending Rs. 1 lakh or more in a year

Planning to apply for this credit card? Readout detailed SBI SimplyCLICK Credit Card review.

Should you get this card?

SBI SimplyCLICK Credit Card is best suited for frequent shoppers. This card offers some basic features along with extra benefits on online shopping. 

• You can earn up to 10X reward points on your online purchases at select merchants. Additionally, you can also earn 1 reward point for transactions at non-merchants
• Overall, you can apply for this credit card if you frequently shop online and don’t want to pay a high annual fee.
•  If you want to earn reward points on every transaction, you can look for other credit cards available in the market that offer better reward rates

HDFC MoneyBack Credit Card

Joining Fee: Rs. 500
Annual/ Renewal Fee: Rs. 500
Key Feature: 10X rewards on online spends with exclusive partners

HDFC Moneyback Credit Card is one of the best entry-level credit cards in India offering cashback on every transaction. It is best suited for frequent shoppers, especially those who prefer online shopping, as it gives 2 reward points on every retail spend and 2x reward points on online shopping. Here are some of the key features of this credit card:

• Earn 2 reward points on every Rs.150 spent
• 2X reward points i.e. 4 points on every Rs.150 spent online
•  Earn 500 cash points after paying the membership fee. 1 cash point is equal to Rs.0.25 
• Fuel Surcharge waiver up to Rs. 250 in a month

Planning to apply for this credit card? Readout detailed HDFC Moneyback Credit Card Review.

Should you get this card?

If you are a frequent online shopper, HDFC MoneyBack Credit card can be a satisfactory option for you as you will get twice the rewards on every purchase. This card is, basically, a better option for those who are new to credit and want to start their credit journey with a low-annual fee card. For a fee of only Rs. 500, the benefits on this credit card are more than justified. Thereby, you can consider getting this card if-

• You are a beginner and want to try a new credit card
• You are a frequent online and offline shopper
• You wish to earn rewards that can be converted into cashback
• You want to build your credit score but cannot get approved for other credit cards

BPCL SBI Card

Joining Fee: Rs. 499
Annual/ Renewal Fee: Rs. 499
Key Feature: 13X reward points on fuel purchase at BPCL Petrol Pumps

BPCL SBI Card is launched by SBI in collaboration with Bharat Petroleum offering premium benefits such as  4.25% valueback on fuel purchases at BPCL petrol pumps. Here are some of the key features of this credit card:

• 5x reward points on every Rs.100 spent at groceries, department stores, movie tickets, and dining
• 1 reward point for every Rs.100 spent on non-fuel retail purchases
•  2000 bonus reward points worth Rs. 500 on payment of joining fee
•  4.25% value-back i..e. 13x reward points on fuel purchases on BPCL petrol pumps.

Planning to apply for this credit card? Readout detailed BPCL SBI Card Review.

Should you get this card?

• If you want to have significant fuel expenses in a month
• You do not wish to pay a high annual fee for a fuel card
• You do not expect benefits across other categories
• You can spend at least Rs. 50,000 in a year so that the annual fee can be reversed

Axis Bank Ace Credit Card

Joining Fee: Rs. 499
Annual/ Renewal Fee: Rs. 499
Key Feature: 5% cashback on bill payment, DTH, and mobile recharge

If you are planning to apply for a credit card offering cashback, then Axis Bank Ace Credit Card is the best option for you. The card offers the highest cashback of 5% on certain brands and categories and 2% across all transactions. Following are some of the key features of this card:

• 5% cashback on bill payment, DTH recharge, and mobile recharge initiated via Google Pay
• 4% cashback on Swiggy, Ola and Zomato
• 2% cashback on all other spends
• 4 complimentary domestic lounge visits in a year
• 1% fuel surcharge waiver (maximum Rs. 500 in a month) across all fuel stations on transactions between Rs. 400 to Rs. 4,000
• Up to 20% off at 4,000+ participating restaurants

Planning to apply for this credit card? Readout detailed Axis Bank Ace Credit Card Review.

Should you get this card?

• If you want a simple cashback card with a direct card to the account
• If you want the highest cashback rate of 2% + no upper limit on maximum cashback
• If you are looking for a card with an annual fee as low as Rs. 499

Flipkart Axis Bank Credit Card

Joining Fee: 500+ GST
Annual/ Renewal Fee: Rs. 500 + GST
Key Feature: Unlimited 5% cashback on Flipkart and Myntra

Flipkart Axis Bank Credit Card is best suited for cashback lovers, especially for individuals who are Flipkart loyalists. The card comes with welcome benefits on various brands and cashback on select brands. You will get up to 5% cashback on Flipkart, Myntra, and other partner websites and 1.5% flat cashback on all other spends. Below are some key features of this card:

• Unlimited 4% cashback on preferred merchants
• Unlimited 1.5% cashback on all other online and offline spends
• Activation and joining benefits worth Rs. 1,000
• 4 complimentary lounge access in India every year
• Up to 20% off on partner restaurants under Dining Delights program
• 1% fuel surcharge waiver at all petrol pumps across India

Planning to apply for this credit card? Readout detailed Flipkart Axis Bank Credi Card

Should you get this card?

With the mentioned benefits on Flipkart, Myntra and other partner merchants, the card is best suited for online shoppers. The card is ideal for cardholders who are Flipkart loyalists.

• You can apply for this card if you are for a low annual fee credit card
• You can opt for this card if you are looking for airport lounge access within India
• However, the card offers cashback on online spends only. Also there is no cashback earned on fuel transactions
• This card is not suitable for international travelers as no international airport lounge access comes with this card

Conclusion

All these cards are a good option for you if you are new to credit cards and looking for a card with a low annual fee of Rs. 500. However, you can also opt for credit cards that have zero annual fees or have annual fees waiver options along with exclusive discounts and benefits.

Suggested Read: Best Zero Annual Fee Credit Cards in India for 2022