Credit cards are one of the most widely used financial instruments in India. It is very important that you pay off your bills on time to avoid interest charges. Some credit cards offer the facility of carrying forward the balance into the next month’s billing cycle. However, if the credit card has a high rate of interest, you might end up paying a lot of interest on the due amount. So, which credit cards are the best if you want to carry forward the balance?

Top 5 low-interest credit cards


Joining fee

Interest rate

HDFC Bank Infinia credit card

Rs. 12,500 + taxes


HDFC Diners Club Black credit card

Rs. 10,000 + taxes


Citibank Rewards Credit card



SBI Prime advantage credit card



HDFC Regalia Credit card




Choosing a credit card that suits your needs and requirements is very important. The rewards and benefits offered by the credit card should be suiting your needs. Let us take a look at the benefits offered by these credit cards separately.

HDFC Infinia credit card

This card is a super-premium credit card well-suited for high-net-worth individuals. The eligibility for this card is “by invite” only. 

Key highlights of HDFC Infinia credit card

  1. Monthly interest rate of 1.99%
  2. Joining fee of Rs. 12,500 + applicable taxes.
  3. Complimentary Club Marriott membership for the 1st year with 20% discounts on dining and stay.
  4. Welcome benefit of 12,500 reward points
  5. Complimentary airport lounge access across geographies
  6. Get 5 reward points for every Rs. 150 spent
  7. Low foreign currency markup fees at 2%
  8. Up to 50 days of the interest-free credit period

HDFC Diners Club Black credit card

This card offers multiple benefits across travel, rewards, dining, shopping, and golf. Let’s take a look at the features and charges of this card.

Key highlights of HDFC Diners Club Black credit card

  1. Monthly interest rate of 1.99%
  2. Joining fee of Rs. 10,500 + applicable taxes.
  3. Complimentary memberships of Club Marriott, Dineout passport, Amazon Prime, Forbes, MMT Black, and Times Prime
  4. Get 5 reward points for every Rs. 150 spent
  5. Complimentary golf games
  6. Travel, dining, and wellness benefits
  7. Up to 50 days of the interest-free credit period
  8. Foreign currency mark-up up to 2%

Apply for an HDFC Diners Club credit card via CreditMantri 

Citibank Rewards credit card

With 0 joining fees and a host of rewards and benefits, this card is worth exploring.

Key highlights of Citibank rewards credit card

  1. Monthly interest rate of 3.75% with 0 joining fees.
  2. 2500 reward points as a welcome gift.
  3. Get 10x reward points at apparel and department stores
  4. Contactless credit card
  5. Reward points that never expire
  6. No annual fee

Apply for a Citibank Rewards credit card via CreditMantri 

SBI Prime Advantage Credit Card

This card has a high joining and annual fee but comes with multiple benefits. The card is also accepted globally in over 24 million outlets.

Key highlights of SBI Prime Advantage Credit Card

  1. Joining and annual fee of Rs. 2,999 each.
  2. Low-interest rate at 1.99%
  3. Contactless card with unique security features
  4. Complimentary golf sessions
  5. 10X reward points on shopping

HDFC Regalia Credit Card

This card has multiple benefits, especially for those who travel a lot. It also comes with a lot of dining and milestone benefits so great for those who have higher spending habits.

Key Highlights of HDFC Regalia Credit Card

  1. Monthly interest rate at 3.6%
  2. Joining/renewal fees at Rs. 2500 + taxes
  3. Welcome benefit of 2500 reward points
  4. Interest-free credit period of up to 50 days
  5. Complimentary airport lounge access
  6. Get 4 reward points for every Rs. 150 spent
  7. 2% markup on foreign currency spends
  8. Dining benefits on 2000+ partner restaurants
  9. Bonus reward points as milestone benefits 

Apply for an HDFC Regalia credit card via CreditMantri 

Advantages of a Low-Interest Credit Card

A low interest comes with lower costs as the interest payment is low. Let us look at the other benefits of a low-interest credit card. 

  • In case you choose to carry forward your balance, you will not have to pay high interest. However, you should always pay your dues on time and not have to pay any interest at all.
  • You can pay off higher-interest debts with the help of your low-interest debit card.

Disadvantages of a Low-Interest Credit Card

Although low-interest credit cards sound very attractive because of the interest rates, they may have certain disadvantages too.

  • Limited rewards and benefits – Since these cards already offer low-interest rates, the benefits and offers might be very limited.
  • Available to HNIs only – Some of the cards with low-interest rates and great offers are invite-only and offered only to premium customers. 
  • Charge a fee for balance transfer – If you decide to transfer the current month’s balance to the next month, you will have to pay interest or a fee on that.

Online application to a credit card via CreditMantri

Application to a credit card via CreditMantri is a simple process that can be completed in a few steps. Below is a step-by-step process to apply.

  1. To view the best credit cards available

Choose the credit card you wish to apply for.

  1. After choosing the card you want to apply for, click ‘Check Eligibility. (If you want more details about the card, click ‘Know More’).
  2. You will be redirected to the application page.
  3. Enter the basic details asked and click submit. An OTP will be dispatched to your mobile.
  4. Enter this OTP for verification.
  5. Click on ‘view eligible Bank offers and apply’.


It is always advisable to pay your dues in full and not only the minimum amount due. However, if you have to carry forward your balance, make sure you have a credit card with a low-interest rate. You must thoroughly study the benefits and charges of the credit card and then decide to carry forward the due amount.

FAQ of Carrying forward a balance on your credit card Here are five low interest credit cards

  1. What is meant by carrying a balance on a credit card?

It means that you are borrowing money from your credit card issuer. You are using the credit card now to pay the dues sometime later.

  1. What is the interest rate on a low-interest credit card?

The interest rate varies starting from 1.99%. 

  1. What are the advantages of a low-interest credit card?

A low-interest credit card saves money, helps you pay the high-interest debt, and clear off your dues.

  1. What are the disadvantages of a low-interest credit card?

Low-interest credit cards do not offer many benefits and sometimes their joining fees can be very high. The premium cards are available only for HNI clients.