Best Travel Credit Cards With No Annual Fee in India with Details of Each Card – Best credit cards for travel with no annual fee can make a huge difference in one’s trip. You not only earn miles for your purchases, but you also avoid paying the annual fee, which can range from ₹2500 to ₹75,000 depending on the type of travel card you apply for.
Eligible applicants can get these cards from banks like HDFC, IndusInd, and RBL. Some come with a flat waiver, while others require you to spend a certain amount within a certain time period in order to qualify for the waiver.
Overall, travellers are increasingly preferring these cards. You can’t afford to miss out on those fantastic deals. So, without further ado, let’s take a look at some of the cards that come with an annual fee waiver.
How Should You Choose a Travel Credit Card?
What Factors Should You Consider When Choosing a Travel Credit Card? You can select a travel credit card based on the number of air miles you’re likely to accrue from your travel expenditures. You must also consider the different ways in which those miles can be redeemed.
When choosing a card, features like lounge access, travel concierge services, and golf lessons and sessions should all be considered. Nothing beats it when all of this comes with a free annual membership.
SBI ELITE Credit Card Fees and Charges
To approve a travel card with no annual fee, banks look for the following.
- Income that is both good and consistent
- A minimum annual income of 1.8-2 lakh is required.
- A credit score of 750 or higher is considered excellent.
- Applicants aged 21-60 years (salaried) and 21-65 years (unsalaried) (self-employed)
Best Travel Credit Cards With No Annual Fee
If you want a travel rewards card without an annual fee, check out these top options. There are several travel credit cards in India that offer a wide range of benefits without an annual fee. Some of the best options include:
- SBI SimplySAVE Credit Card: This card offers 10x rewards on dining, departmental stores and grocery spend. Additionally, cardholders can avail fuel surcharge waiver and discounts on dining and shopping.
- Axis Bank Miles & More World Credit Card: This card offers reward points for eligible purchases, which can be redeemed for flights and upgrades on a variety of airlines. Additionally, cardholders can avail fuel surcharge waiver, lounge access and discounts on dining and shopping.
- HDFC Bank Regalia First Credit Card: This card offers lounge access, golf privileges, dining discounts and reward points on all spends. Additionally, cardholders can avail fuel surcharge waiver, cashback on utility bills and discounts on movie tickets.
- ICICI Bank Coral Credit Card: This card offers rewards in the form of cashback on eligible purchases made with the card. Cardholders can earn cashback on categories such as groceries, fuel, and dining, and redeem them for a variety of rewards. Additionally, cardholders can avail discounts on dining and shopping.
- Standard Chartered Yatra Credit Card: This card offers discounts on flights, hotels, and holidays. Additionally, cardholders can avail fuel surcharge waiver, discounts on dining and shopping and reward points on all spends.
Top 10 Best Travel Credit Cards With No Annual Fee in India
Please note that these cards may have some terms and conditions and the rewards and benefits may change over time. So it is always a good idea to check the official website of the bank or card issuer and read the terms and conditions before applying for a card.
What Does No Annual Fee Mean?
No annual fee indicates that the credit card issuer does not impose charges for card maintenance. However, it is important to clarify that the absence of an annual fee does not imply the absence of all fees. Additional charges, such as interest, over-limit fees, late payment fees, or foreign transaction fees, may still apply.
How To Choose the Right Travel Credit Card with No Annual Fee
Each individual credit card provides a distinct set of advantages. These advantages are determined by the card issuer, although the majority of credit cards provide fraud protection (as mandated for all consumer cards to some extent) and often include introductory APRs or welcome bonuses.
However, the most valuable perks for travelers tend to be in the form of cash back on purchases or rewards points and airline miles that can be redeemed for airline tickets, hotel accommodations, upgrades in status, and other similar benefits. Cards without an annual fee provide these advantages to consumers without imposing any additional cost for maintaining the account.
How To Apply for a No Annual Fee Travel Credit Card
It is typically most convenient to shop for and apply for credit cards through the credit card issuer’s website. While applying over the phone or by mail is also possible, these methods may be less efficient and time-consuming. We suggest initiating your search with reliable resources such as our comprehensive guide on credit card application, particularly for individuals who are new to this process.
Prospective applicants should be aware of their credit scores and credit histories before commencing their search for credit cards. The application for no-annual-fee travel credit cards may require a good to excellent credit profile for a successful outcome. The higher your credit score and the more favorable your credit history, the greater your likelihood of approval.
Any applicant can take proactive measures to enhance their creditworthiness and increase their chances of approval for new cards. These steps encompass resolving any outstanding debts held elsewhere and reducing their credit utilization ratio, which reflects the proportion of their available credit currently in use. Additionally, applicants should acquaint themselves with the terms and conditions of the chosen credit card and carefully review the fine print for any significant details prior to submitting an application.
How Do Travel Credit Cards with No Annual Fee Work?
No annual fee indicates that the card issuer does not impose charges on cardholders for maintaining the credit card. In theory, annual fees are introduced by issuers as a form of compensation for other card features that are considered highly advantageous to cardholders, such as rewards. While it is typical for these fees to be waived for a year or entirely to entice customers, credit cards offering substantial benefits often entail annual fees. Aside from this consideration, credit cards with no annual fees operate in a similar manner to cards that do have annual fees.
What does no annual fee mean?
A credit card with “no annual fee” means that you will not be charged a yearly fee for using the card. However, there may be other fees associated with the card, such as late payment fees, foreign transaction fees, or cash advance fees. Some credit cards with no annual fee offer other benefits, such as rewards points or cash back. Other cards may not offer any additional benefits.
Bottom Line
Several travel cards provide attractive rewards and advantages while not imposing an annual charge. However, the absence of an annual fee does not imply an absence of all fees. Opting for a card with an annual fee is only beneficial if the cardholder can obtain more value from it compared to the most appealing no-annual-fee card. Prior to applying for any card, it is crucial to conduct thorough research and understand that the lack of an annual fee does not guarantee the absence of interest and additional fees if the account is not managed responsibly.
