Credit cards help you pay for things even if you don't have all the money right away. If you don't fully pay off what you've spent each month, you'll have to pay extra called "interest." But if you have a card with a low interest rate (around 1.5% to 2.99% per month), you won't have to pay as much extra, which can save you money, especially if you often use your card for big purchases.If you plan to carry a balance, it's best to choose a card with a low interest rate. Here are some of the Top Credit Cards with low interest rates:
HDFC Infinia Credit Card Metal Edition
The HDFC Infinia Credit Card Metal Edition is a special, exclusive credit card that's only available to certain customers of HDFC Bank. It's great for people who want lots of perks in different areas like travel, shopping, dining, and lifestyle. If you spend a lot of money and travel often, you can get a ton of rewards with this card.
Joining/ Annual Fee: Rs. 12,500
Interest Rate: 1.99% per month (23.88% per annum)
Features & Benefits of HDFC Infinia Credit Card Metal Edition
- You'll also get a 1+1 offer on weekend buffets at certain ITC Hotels.
- You'll get a free Club Marriott membership for a year, which gives you up to 20% off on dining and stays in the Asia-Pacific region.
- When you activate your card and pay the fee, you'll get 12,500 reward points.
- For every Rs. 150 you spend on shopping, you get 5 reward points.
- You also get free golf coaching at certain courses in India.
- The card has a low forex mark-up fee of just 2%.
- You can access airport lounges for free, both in India and internationally, with the Priority Pass Program.
- You can play unlimited rounds of golf for free at top courses in India and some around the world.
- At participating ITC Hotels, you can book a three-night stay and only pay for two nights.
- If you use the SmartBuy feature for travel and shopping, you'll get 10 times the reward points.
HDFC Diners Club Black Credit Card
The HDFC Diners Club Black Credit Card gives you benefits in various categories like travel, shopping, rewards, dining, and golf. It's great for people who spend a lot of money. With this card, you get the highest base reward rate of 3.33%, which means you earn a lot of rewards for every rupee you spend. Plus, you can visit airport lounges as many times as you want for free, and it also has a low fee for using it abroad.
Joining/ Annual Fee: Rs. 10,000
Interest Rate: 1.99% per month (23.88% per annum)
Features & Benefits of HDFC Diners Club Black Credit Card
- You earn 5 reward points for every Rs. 150 you spend.
- You get free annual memberships for Club Marriott, Forbes, Amazon Prime, Dineout Passport, MMT BLACK, and Times Prime if you spend Rs. 1.5 lakh within the first 90 days or when you pay the first-year fee.
- Every month, you can get two vouchers worth Rs. 500 each for Ola Select membership, cure.fit Live 1-month membership, BookMyShow, or TataCLiQ when you spend Rs. 80,000.
- The foreign exchange mark-up fee is low, only 1.99%.
- With SmartBuy, you can get up to 10 times the reward points.
- You and any additional cardholders get unlimited access to airport lounges worldwide.
- You also get complimentary golf games every quarter at some of the best courses around the world.
Axis Magnus Credit Card
The Axis Magnus Credit Card offers a reward rate of up to 6% and gives you benefits in different categories like travel, entertainment, dining, and more. It's great for people who want premium perks. Features like a low forex markup fee, unlimited visits to airport lounges with extra guest visits, and airport concierge services make it perfect for travelers who want luxury. If you're an Indian resident earning at least Rs. 18 lakh per year, you can apply for this high-end credit card.
Joining/ Annual Fee: Rs. 12, 500
Interest Rate: 3.0% per month (42.58% per annum)
Features & Benefits of Axis Magnus Credit Card
- You earn 12 EDGE reward points for every Rs. 200 spent on cumulative monthly spends up to Rs. 1.5 Lakh.
- For spending above Rs. 1.5 Lakh, you get 35 EDGE reward points per Rs. 200 spent.
- If you use the Travel EDGE portal, you get 60 EDGE reward points per Rs. 200 spent, up to cumulative monthly spends of Rs. 2 Lakh, and 35 EDGE reward points per Rs. 200 spent above that.
- You and your guests get unlimited visits to international lounges with Priority Pass, plus 8 extra guest visits per year.
- You also get unlimited visits to select domestic airport lounges for both you and any additional cardholders.
- You can enjoy 8 complimentary end-to-end airport concierge services.
- When you buy one movie or event ticket on BookMyShow, you can get up to Rs. 500 off on the second ticket.
- You get up to a 40% discount at partner restaurants in India under the Dining Delights Program.
Axis Bank Burgundy Private Credit Card
The Axis Bank Burgundy Private Credit Card is a top-tier credit card designed for high-net-worth individuals. It's exclusive to Burgundy Private customers and comes with no joining or annual fees. This card offers premium perks like complimentary memberships, lounge visits, and no forex markup fees, making it ideal for those who want to elevate their lifestyle benefits.
Joining/ Annual Fee: Rs. 50,000 (Nil for Burgundy Private Customers)
Interest Rate: 1.5% per month (19.56% per annum)
Features & Benefits of Axis Bank Burgundy Private Credit Card
- You receive complimentary Club Marriott, Accor Plus, and Taj Epicure memberships.
- You can enjoy up to 20% off and other privileges at Postcard hotels.
- You earn 15 EDGE Reward Points for every Rs. 200 spent.
- You get a free EazyDiner Prime Membership for savings of up to 40% at fine dining restaurants.
- For every movie or non-movie ticket purchased through BookMyShow, you get a free ticket up to 5 times each for movies and non-movie events.
- You have unlimited access to domestic and international lounges with 12 free guest visits per card.
- You can enjoy up to 20% savings at partner restaurants across India.
- You receive complimentary access to 50 rounds of golf per year.
IDFC FIRST Wealth Credit Card
The IDFC FIRST Wealth credit card is free for life and gives you benefits in different areas like dining, movies, shopping, and more. It's perfect for people who want a credit card that's good for everything and don't want to pay an annual fee.
Joining/ Annual Fee: Nil
Interest Rate: 0.75% to 3.5% per month (9% to 42% per annum)
Features & Benefits of IDFC FIRST Wealth Credit Card
- You receive gift vouchers worth Rs. 500 by spending Rs. 15,000 within 90 days of getting the card.
- On your birthday, you earn 10 times the reward points.
- For rental and property management transactions, you earn 3 times the reward points.
- The forex markup fee is low, just 1.5%.
- You get 5% cashback (up to Rs. 1,000) on your first EMI transaction made within 90 days.
- For online purchases up to Rs. 30,000 per month, you earn 6 times the reward points.
- For offline purchases up to Rs. 30,000 per month, you earn 3 times the reward points.
- You earn 10 times the reward points on incremental spends above Rs. 30,000 per month.
- You get 4 complimentary domestic and international airport lounge and spa visits per quarter, with a minimum monthly spend of Rs. 5,000.
- On the Paytm mobile app, you can enjoy a 'Buy one, get one' offer on movie tickets up to Rs. 500, valid twice per month.
YES FIRST Reserv Credit Card
The YES FIRST Reserv Credit Card is great for people who want rewards and lifestyle perks, including travel benefits like access to international and domestic lounges. It's perfect if you're looking for a credit card with shopping and lifestyle-related benefits. With this card, you earn rewards on all purchases, which you can then use for booking hotels or flights, or for products available through YES Bank’s catalogue.
Joining/ Annual Fee: Rs. 1,999
Interest Rate: 2.99% per month (35.88% per annum)
Features & Benefits of YES FIRST Reserv Credit Card
- 24 reward points for every Rs. 200 spent on online shopping, excluding select categories.
- 12 reward points for every Rs. 200 spent on offline shopping, excluding select categories.
- 6 reward points for every Rs. 200 spent on select categories.
- You're entitled to 1 complimentary golf lesson per year at select golf courses in India.
- If the renewal fee is charged without being waived off, you receive 8,000 bonus reward points.
- The foreign currency exchange mark-up fee is low, up to 1.75% on international transactions.
- The primary cardholder gets up to 12 complimentary domestic airport lounge accesses per year.
- The primary cardholder also gets 6 complimentary international lounge accesses per year.
- You get 4 complimentary green fee waivers per year at select golf courses in India.
Kotak Privy League Signature Credit Card
The Kotak Privy League Signature Credit Card is a high-end credit card that comes with benefits like Priority Pass membership and free PVR movie tickets. However, it's exclusively available to customers who have a Privy League relationship with the bank. This card is great for individuals who want a credit card that provides good value back through rewards.
Joining/ Annual Fee: Rs. 2,500
Interest Rate: 2.49% per month (29.88% per annum)
Features & Benefits of Kotak Privy League Signature Credit Card
- You earn 5 reward points for every Rs. 100 spent on apparels, grocery, consumer durables, departmental stores, airlines, hotels, duty-free purchases, international spends, and travel agency transactions.
- You receive a complimentary Priority Pass Membership with 4 international lounge visits every year.
- You can get up to 4 free PVR movie tickets per quarter by spending Rs. 1,000 per month.
- For other categories, you earn 2 reward points for every Rs. 100 spent.