August is the month India celebrates freedom. So, we’ve picked the top Credit Cards that offer you freedom from fees (among other best-in-class benefits). Take a look and thank us later!
If you’re looking for a lifetime-free Credit Card that’s high on rewards, your search ends here. In honour of the month that India celebrates her freedom, we’ve curated the fastest selling Credit Cards that offer you freedom from fees. Read on to find one that gives you maximum bang for your buck.
YES Bank-BankBazaar FinBooster Credit Card
Best for: Online dining, grocery shopping and apparel
A recent entrant into the Credit Card market, the lifetime-free FinBooster Credit Card has been especially formulated keeping in mind the top preferences and usage of Indian Credit Card customers.
The odds are that you most likely have at least one, if not two, food delivery apps on your mobile phone. Whether you’re looking to eat healthy or indulge in a special cuisine on a special occasion, online dining is fast gaining popularity among urban and semi-urban consumers. The FinBooster Credit Card just makes online dining 5x more rewarding.
Reward Point Structure
Enjoy accelerated rewards on online dining, online grocery and online apparel shopping. You earn 10 points for every Rs. 200 spent on online dining. What’s more, there are 6 points to be earned for every Rs. 200 spent on online grocery and online apparel shopping – two categories that almost every one of us regularly spends on. Finally, you earn two reward points for every Rs. 200 spent on other categories (expect fuel).
The best bit? Reward points never expire and there’s no cap on the number of reward points you can earn.
Joining Perks
As a joining benefit, you get a complimentary first-year subscription to CreditStrong, a unique credit fitness report with a real-time dashboard for you to track your spends and monitor your Credit Score. The subscription costs Rs. 400 per year but will continue to be free from the second year onwards in case your annual spends are at least Rs. 1 lakh in the previous year.
Extra Goodness
- The lack of rewards on fuel spends shouldn’t put you off. You also get a 1% fuel surcharge waiver across all petrol bunks in India for fuel transactions of Rs. 400 to Rs. 5,000.
- There’s Rs. 2.5 lakhs credit shield cover in case of accidental death of the primary cardholder.
- On a monthly basis, you’ll get some eye-watering discounts and deals on travel, lifestyle, food and beverage, electronics and so forth.
- Grab some never-before no-cost EMI offers on mobile phones, smart TVs, laptops, washing machines and other white goods.
Why This Card’s Unique
There’s one feature that sets this card apart from all others in its class – the unique reward-sharing programme. Know all those unlimited, never-expiring reward points that you notch up? You can share them with family and friends. Why should one have all the fun, right?
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RBL Bank BankBazaar SaveMax Credit Card
Best for: Savings on grocery, online food orders
Another new kid on the block, the RBL Bank BankBazaar SaveMax Credit Card has several unique features that would work well for you. As the name suggests, the zero-fee SaveMax card helps you maximise your savings on everyday spends such as grocery, online food orders via Zomato, and online bookings on BookMyShow..
Reward Point Structure
Grab a maximum of 1,000 reward points on accelerated categories every month. You’ll earn 5 points for every Rs. 100 spent on grocery and fuel – likely to be your top two spend categories. Additionally, you’ll earn 1 point for every Rs. 100 spent on any other category.
Joining Perks
As a joining perk, you’ll get a complimentary Credit Advisory Report every month, courtesy BankBazaar, so you can keep a close eye on your Credit Score with custom tips on how to maintain or improve it.
Extra Goodness
If the uncapped transactions for cashback and free Credit Advisory Report weren’t enough, there’s more in store with the RBL Bank BankBazaar SaveMax Credit Card. Everybody loves cashback and this Credit Card caters to just that by offering 10% cashback on spends at BookMyShow and Zomato. Bear in mind that while cashback is capped at Rs. 100 per month at both merchants, there’s no cap on the number of transactions for cashbacks on this card.
There’s easy EMI conversion on all spends over Rs. 2,500. You’ll be eligible for RBL Bank’s Xpress Cash facility to get instant funds into your bank account as well as a pre-approved loan without documentation or blocking of credit limit.
Why This Card’s Unique
The sheer number of offers at top brands across categories every month will surprise you. Use your RBL Bank Credit Card to enjoy discounts of up to 30%, no-cost EMI offers on electronics and low-cost EMI offers on premium brands across categories such as electronics, health and wellness, travel, lifestyle, dining, digital subscriptions, e-vouchers and more. Take a look at what you could avail here.
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IndusInd Bank Platinum Aura Edge Visa Credit Card
Best for: Retail shopping (department stores, consumer durables, electronics, books), dining, flexible rewards program
A stalwart of the lifetime-free Credit Card world, the IndusInd Bank Platinum Aura Edge Visa Credit Card gives you an edge every day with up to 4x reward points at select merchants and up to Rs. 2,400 savings on fuel surcharge.
Reward Point Structure
You get 4 points for every Rs. 100 spent at department stores, 2 points per Rs. 100 spent on consumer durables and electronics, 1.5 points for every Rs. 100 spent on dining and books, and 0.5 points for every Rs. 100 spent on other categories. Reward points can be redeemed against your Credit Card dues or airline miles.
Joining Perks
While this Credit Card may not offer any significant joining perks, this is not a drawback. Consider that you earn reward points on every spend which can be redeemed against your Credit Card bill outstanding or airline miles.
Extra Goodness
You get a host of reward redemption options with the IndusInd Bank Platinum Aura Edge Visa Credit Card. Choose from the Indus Moments catalogue or exchange your reward points for airline miles on InterMiles and Vistara. You can even convert your reward points into cash credit to pay the outstanding on your Credit Card. Every reward point will be worth Rs. 0.4 of cash value.
IndusInd Bank also offers a “Pay with Rewards” payment method, where your reward points from different brands and banks aggregate at one place for you to use your points at partner merchant sites to make payment for your orders. Essentially, you can pay the entire bill amount using your points and other methods of payment.
Why This Card’s Unique
The edge that the IndusInd Bank Platinum Aura Edge Visa Credit Card gives you over other cards is the flexibility to choose a rewards program that works best for you. Choose from the Shop Plan, Home Plan, Travel Plan and Party Plan to find something that matches your lifestyle and optimise your rewards.
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