Credit Cards

Top 3 Credit Cards In India With No Annual Fees

Top 3 Credit Cards With No Annual Fee
Viveka Rao
Written by Viveka Rao

Versatile and Rewarding Cards With No Annual Fees

Credit cards are gaining popularity among Indians day by day. Instead of opting for cash or debit cards, Indians are choosing credit cards to make payments, whether in store or online. This is not only because credit cards allow them to increase their CIBIL score, but it is also because of the various rewards offered by different credit cards.

However, one drawback of credit cards is that they charge exorbitant interest rates and fees. Luckily we looked closely, and there are also some cards that come without any annual fees. Yes, you heard it right! In this article, you will get to know about the top 3 credit cards in India that do not charge any annual fees. What a relief for credit card holders!

1. Kotak Royale Signature Credit Card

Kotak Royale Signature CardBenefits:

  • Annual fees: Rs. 0
  • High rewards, as you can earn up to 15 reward points, on spending Rs. 150 on all purchases with this card
  • Life time free credit card
  • 2 complimentary entries to domestic airport lounges within one calendar quarter
  • Fuel surcharge waiver of 2.5% on all petrol pumps in India
  • There is a Priority Attendant for you in order to answer all your inquiries. Just SMS KASSIST to 5676788 and you will receive a call within 30 minutes
  • Railway surcharge waiver of 1.2% when you book at Indian Railways Booking Counters and 1.8% when you book through
  • If this card gets stolen, you receive a coverage of Rs. 2,50,000 against fraudulent use up till 7 days of pre-reporting


  • APR (Annual Percentage Rate): 37.2% per annum

Documents required:

  • Address proof, ID proof, and KYC-PAN
  • Salary slip, photograph, or other bank’s credit card

Apply Here For The Kotak Royale Signature Card

2. HSBC Visa Platinum Card

HSBC Platinum CardBenefits:

  • Annual fees and joining fees: Rs. 0
  • Earn 3 reward points on telecom categories, hotels, and dining for 1 year
  • Earn 5 reward points, when you spend more than Rs. 4 Lakhs per year for up till maximum purchases of Rs. 1,000,000 per year
  • Over 30 special offers from in store and online merchants
  • Joining perks: You receive 10% cash back up till Rs. 3,000 on all your purchases that you make within the initial 90 days of your card issuance, when you spend atleast Rs. 10,000 (Valid from January 1, 2016 to June 30, 2016
  • Life time free card
  • Receive movie ticket vouchers of Rs. 500 on purchases of more than Rs. 50,000 within a calendar
  • You can convert your Air Miles to Jet Airways Singapore Airlines
  • Receive 20% discount at particular lounges and restaurants in India


  • APR (Annual Percentage Rate): 39.6% per annum

Documents required:

  • Address proof, ID proof, and KYC-PAN
  • Salary slip or Form 16 and one photograph

Apply For The HSBC Platinum Card Here

3. HDFC Bank MoneyBack Card


  • Annual fees: Rs. 0
  • Earn 6 reward points when you spend Rs. 150 on online purchases
  • Earn 2 reward points on spending Rs. 150 on all retail purchases
  • Life time free pricing
  • Receive 1,000 reward points, when you activate through PayZapp and earn up to Rs. 1,000 cash back on PayZapp transactions
  • You can redeem your reward points against cash, where 100 reward points are equal to Rs. 40
  • A fuel surcharge waiver of 2.5% on all fuel transactions


  • APR (Annual Percentage Rate): 40.8% per annum

Documents required:

  • Address proof, ID proof, and KYC-PAN
  • Salary slip or Form 16 and one photograph

Apply For The HDFC Money Back Card Here

These are the top 3 credit cards that do not charge any annual fees, though there are definitely more on the market. Without any annual fees and yet still offering rewarding programs, you stand to only profit by utilizing these cards for your everyday spending. Any of the three make a spectacular addition to your wallet.



About the author

Viveka Rao

Viveka Rao

Viveka Rao is post grad in finance and a freelance writer here at CreditSmart. A love for shopping and travel rewards has fueled her interest in personal credit, and making the most of rewards programs. She writes to educate other consumers in making great financial choices.

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