Best free credit card apps in India 2024 | Get free credit card with low credit score |
A credit card is a financial instrument enabling users to borrow funds from banks or financial institutions for purchases or bill payments, offering a cashless transaction method. Users must repay the borrowed amount plus interest as per the card agreement. .
Requirements to apply Credit Card.
- Good Credit Score: It requires a good credit score of 650 or higher.
Click here to check your credit score for free - Proof of Income: Employment or a stable income source to ensure repayment capability.
- Personal Identification: Valid ID, Adhaar Card, a driver's license or passport.
- PAN card
- 6 month bank statements or last 2 ITR (Income tax return)
- Residential Proof: Verification of current address through utility bills or lease agreements.
- Application Form: You will need to complete an application form provided by the bank or financial institution offering the credit card. This form typically asks for personal information including your name, address, contact details, employment information, and financial details.
There are the best free credit card providers in India currently.
1. Axis Ace Credit Card
The Axis ACE Credit Card is a type of credit card offered by Axis Bank, a prominent private sector bank in India.Axis ACE Credit Card is designed to offer various benefits and features tailored to the lifestyle and spending habits of cardholders.
- Joining fee: Rs.499
- Annual/Renewal Fee: Rs.499
- 5% cashback on utility bill payments and recharges via Google Pay
- 4% cashback on Swiggy, Zomato and Ola
Click here to go to offical website
2. Club Vistara IDFC FIRST Credit Card
The IDFC First Bank Credit Card offers rewards, benefits, and exclusive privileges tailored to customers' needs and spending habits.
- Joining fee: Rs.4999
- Annual/Renewal Fee: Rs.4999
- Up to 6,000 CV Points as activation benefits
- Up to 5 Premium Economy tickets as welcome & milestone benefits
Click here to go to offical website
3. HDFC Regalia Gold Credit Card
The HDFC Regalia Credit Card is a premium credit card offering various benefits such as travel benefits, reward points, airport lounge access, concierge services, insurance coverage, and more.
- Joining fee: Rs.2500
- Annual/Renewal Fee: Rs.2500
- Up to 20 rewards on every Rs. 150 spent
- Complimentary MakeMyTrip Black Elite membership
Click here to go to offical website
4. Cashback SBI Card
The Cashback SBI Card provides cashback rewards on various spending categories such as groceries, fuel, dining, and utility bills, offering value and savings to cardholders.
- Joining fee: Rs.999
- Annual/Renewal Fee: Rs.999
- 5% cashback on all online spends
- 1% cashback across all offline spends
Click here to go to offical website
5. Myntra Kotak Credit Card
The Myntra Kotak Credit Card is designed for Myntra shoppers, offering rewards, discounts, and exclusive benefits on purchases made on the Myntra platform and its affiliated brands.
- Joining fee: Rs.500
- Annual/Renewal Fee: Rs.500
- 7.5% off up to Rs. 750 per transaction on Myntra
- Unlimited 1.25% cashback on other spends
Click here to go to offical website
There are some credit card maanaging tips for better experience
- Establish a Budget: Set a monthly spending plan and adhere to it to avoid overspending.
- Monitor Expenses: Regularly track your credit card transactions to understand your spending patterns.
- Timely Payments: Always pay your credit card bills punctually to avoid late fees and protect your credit score.
- Full Payments: Strive to pay off your entire credit card balance each month to prevent accruing interest charges.
- Comprehend Terms: Understand the terms and conditions of your credit card, including interest rates and reward programs.
- More Than Minimum: Aim to pay more than the minimum amount due to reduce interest and pay off debt faster.
- Limit Cards: Keep the number of credit cards manageable to control spending and financial obligations.
- Set Up Alerts: Utilize notifications to stay informed about payment due dates and potential fraudulent activities.
- Manage Credit Utilization: Keep your credit utilization ratio low to maintain a healthy credit score.
- Regular Credit Checks: Monitor your credit score and review credit reports periodically to identify errors.
- Avoid Cash Advances: Steer clear of cash advances due to high fees and interest rates.
- Protect Information: Safeguard your credit card details to prevent identity theft and fraud.
- Review Statements: Thoroughly review credit card statements for accuracy and unauthorized charges.
- Optimize Rewards: Maximize credit card rewards by redeeming them wisely for cash back or travel benefits.
- Plan Large Purchases: Plan significant expenses in advance and consider their impact on your finances.