Credit cards allow you to carry unpaid balances into the next billing cycle instead of paying the full amount at once. While this flexibility is helpful during big purchases or emergencies, it comes with interest charges on the outstanding amount.
This is where low interest credit cards become valuable. They help reduce finance charges, make repayments more affordable, and give you breathing room without opting for personal loans. If you often revolve credit or plan to carry forward balances, choosing a card with a lower interest rate can save you a significant amount over time.
Below is a curated list of the best low interest credit cards in India, offering a balance of affordable interest rates and premium benefits.
Best Low Interest Credit Cards
These credit cards combine relatively lower interest rates with rewards across shopping, travel, dining, entertainment, and lifestyle categories.
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- Joining and Annual Fee: Nil
- Interest Rate: 0.71% to 3.85% per month
Key Features and Benefits
- Earn 3X reward points on online and offline spends up to a monthly limit
- Get 10X reward points on incremental spends above the threshold and on birthday spends
- Earn standard rewards on utility bill payments and insurance spends
- Welcome benefits include gift vouchers and cashback on the first EMI transaction
- Complimentary domestic airport lounge and spa access every quarter
- Complimentary international airport lounge access every quarter
- Low foreign currency markup fee
- Buy one get one movie ticket offer on the Paytm app
The IDFC FIRST Wealth Credit Card is a lifetime free card that works well as an all-rounder option. Cardholders who can consistently meet monthly spend thresholds can unlock higher rewards while enjoying one of the most flexible interest structures in this segment.
- Joining and Annual Fee: High annual fee, waived for Burgundy Private customers
- Interest Rate: 1.5% per month
Key Features and Benefits
- Earn high EDGE reward points on every eligible spend
- Zero foreign currency markup on international transactions
- Complimentary Priority Pass membership for primary and add-on cardholders
- Unlimited domestic and international airport lounge access with guest visits
- Complimentary memberships with luxury hotel and dining programs
- Exclusive privileges at premium hotel chains
- Complimentary golf rounds at leading golf courses
This card is designed for high-net-worth individuals seeking luxury travel and lifestyle privileges. With zero forex markup and unlimited lounge access, it is especially suitable for frequent international travellers.
- Joining and Annual Fee: Premium annual fee
- Interest Rate: 1.99% per month
Key Features and Benefits
- Earn reward points on every spend
- Up to 10X reward points on travel and shopping through the SmartBuy platform
- Unlimited domestic lounge access for primary and add-on cardholders
- Unlimited international lounge access through Priority Pass
- Exclusive hotel and dining benefits with premium hotel partners
- Complimentary Club Marriott membership in the first year
- Low foreign currency markup fee
- Unlimited complimentary golf games in India and abroad
HDFC Infinia is an invite-only premium credit card suitable for high spenders. Users who frequently book travel through SmartBuy can extract exceptional value through accelerated rewards and flexible redemptions.
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- Joining and Annual Fee: Premium annual fee
- Interest Rate: 1.99% per month
Key Features and Benefits
- Reward points on all eligible transactions
- Accelerated rewards on SmartBuy spends
- Complimentary premium lifestyle and travel memberships on meeting spend milestones
- Monthly vouchers across fitness, shopping, travel, and entertainment platforms
- Unlimited global airport lounge access for both primary and add-on users
- Low foreign currency markup fee
- Complimentary golf games at global golf courses
This card is ideal for users who want high reward rates across categories along with premium travel benefits. It offers strong value for frequent travellers and lifestyle-focused spenders.
- Joining and Annual Fee: Premium annual fee
- Interest Rate: 3.0% per month
Key Features and Benefits
- Tiered reward structure based on monthly spend levels
- High reward points on travel bookings via the Travel EDGE portal
- Low foreign currency markup fee
- Unlimited international lounge access with Priority Pass
- Complimentary domestic lounge access on meeting spend conditions
- Exclusive privileges at luxury hotels
Axis Magnus is a strong option for frequent travellers and high spenders who can cross monthly spending thresholds. Its reward transfer options to airline and hotel loyalty programs enhance its long-term value.