(Last Updated: August 23, 2019)
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Which is the best credit card in India with no annual fee or no joining fee?



  • Hey Manav,

    As you are going to choose the credit card first time then for you:

    1. Canara gold credit card
    2. HDFC Visa signature credit card

    These are two good options where you do not need to pay any annual fee or joining fee.
    In these credit cards you get to earn 2 Reward Points on every ₹100 spent in Canara and 2 Reward Points for each ₹150 spent on every retail purchase in HDFC Credit Card respectively.

    Other than that there is Zero Lost Card liability post reporting of the loss of card. Also, if you go for Canara Bank Credit Card than you have Zero Lost card liability cover from the time of authentic information of loss of card to the bank customer care. You also have savings on fuel and airport Lounges.



  • @aggarwalshipra Hi, I think Canara Gold card has a joining fee of Rs.250. It does not have an annual fee. You are saying it doesn't have a joining fee. Are you sure about it? Please clarify.



  • said in Which is the best credit card in India with no annual fee or no joining fee?:

    @aggarwalshipra Hi, I think Canara Gold card has a joining fee of Rs.250. It does not have an annual fee. You are saying it doesn't have a joining fee. Are you sure about it? Please clarify.

    Hi, Canara Gold card is not having any joining and annual fee.There is no such amount which you need to pay here.



  • @aggarwalshipra Thanks for clarifying 🙂 I read somewhere that a one-time fee of Rs.250 i.e.some issuance charge needs to paid. Is it different from joining fee? What it is exactly? Is Canara Global Gold Card really a good option for a beginner? I don't wish to keep too many credit cards since that affects our credit score. I want to have only one credit card that too a decent one, free with good discounts and rewards.



  • @aggarwalshipra Yes, HDFC Visa Signature card is a good choice. It offers 1% fuel surcharge waiver also. If you spend Rs.15k within 90 days then the first year fee gets waived off and if you spend Rs.75k p.a. then you get renewal fee reversed. Right.



  • Hi Manav,
    To sum up, as per views from different users here. We got a useful list of best credit cards in India with no annual fee or no joining fee:

    • ICICI Platinum Chip credit card

    • Standard Chartered Platinum credit card

    • HSBC Visa Platinum credit card

    • Citibank Rewards credit card

    • Canara Gold credit card

    • HDFC Visa Signature credit card

    Hey, I just compiled what others have pointed out in this discussion on free credit cards. Before applying for any of them just check whether they are actually free. Know the benefits before you shortlist a good credit card for yourself.



  • Hi, Standard Chartered cards are good enough. See if you can get a free offer there.



  • Credit cards by SBI Bank are very good, check out the SBI Freedom credit card. These credit cards have plenty of unique features & come with a host of benefits like cashback and discounts.



  • @stephbaker Hi, can you tell more about SBI cards? I am a salaried person. I am planning to apply for one of the SBI card. My preference is a free credit card only. This is my first credit card so don't want to bear additional burden of monthly card fee or other charges. Thanks in advance!



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