Who doesn’t love the privileges, rebates, discounts not to mention the luxury of buying on credit every month? But, perhaps, you don’t love the various fees you need to pay for your card! While you might get a free lunch at a partner outlet as part of your rewards programme, you might be paying for it in terms of very heavy annual fees! Look no further – here are a few credit cards that will save you the annual fee payment.

A credit card which has no annual fee can be great if used properly. If you make your purchases using the credit card and pay it in full at the end of every billing cycle, then you virtually are not accruing any form of interest or additional charges. CreditMantri has put together different credit cards which have no annual fee at the time of joining. Keep in mind that they might or might not charge a nominal sum from the second year onward.

SBI Unnati Credit Card: The annual fee is waived off for the first four years and INR 499 will be charged from 5th year onwards. This is a secured credit card and the cardholder should have a fixed deposit of INR 25,000 or more in his/her bank account. Unnati Credit Card offers 1 reward point for spent of INR 100 and cashback of INR 500 on spending INR 50,000.

ICICI Bank Platinum Chip Credit Card: This card is enabled with a chip which protects against risk of fraud. No annual fee is charged for the first year and for the spent above INR 50,000, annual fee is reversed in the following years.

Standard Chartered Platinum Rewards Card: No annual fee is charged on the card for the first year if you apply online. With several rewards and perks, this card makes shopping a rewarding experience.

Kotak Essential Platinum Credit Card: Best used for lifestyle expenses, this card provides rebates and offers for shopping and entertainment spends. You get 1 saving point for every spend of INR 250 on any categories without any restrictions.

HSBC Visa Platinum Credit CardA no-annual-fee, and no-renewal-fee credit card, it offers Cashback rebates. Maximum cashback is capped at Rs. 3,000. It offers accelerated reward points for expenditure on dining, hotels and telecom. It also offers discounts and rebates at select restaurants and lounges in India.

If you are a first-time credit card user, first check if you are eligible for these credit cards before applying for one. While it might sound attractive not to pay annual fees, applying for a card that you are not eligible for might hurt your credit score. If, however, you are eligible, go ahead and explore the world of no-annual-fee cards. You have nothing to lose but extra charges!

Apply Through CreditMantri for Credit Card That is Right for You

CreditMantri matches your credit and demographic profile to lender's Credit Card lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.

In effect, CreditMantri pre-screens your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Credit Card. Hence the chances of your Credit Card application getting approved are higher.