Rewards credit cards help you earn points on your spending. You can redeem these points for various perks, saving money while enjoying a great credit card experience. Most cards charge an annual fee, but some issuers offer no-fee options. This means you can enjoy rewards without paying the annual fees by redeeming on their online credit card app.
If you’re an everyday spender, these cards are a great choice. Knowing the best no-annual-fee rewards credit cards will help you pick the right one.
Benefits of Rewards Credit Cards
Rewards credit cards help earn points on every purchase. Some offer a fixed rate, while others provide additional rewards for specific categories like travel, dining, or groceries. Issuers often update bonus categories monthly or quarterly, and set spending limits that reduce rewards once reached.
These cards typically come with a welcome bonus when you meet a spending threshold within a specified period. Banks may also offer extra rewards through special promotions or referrals. Other benefits of rewards credit cards include:
- Generous sign-up bonuses
- Additional perks, such as travel and lifestyle benefits
- Increased reward point value over time
- Higher reward values that lead to bigger discounts
Top Rewards Credit Cards
A lifetime-free credit card allows you to save more while earning reward points on your purchases. Select a rewards card that matches your spending habits to maximise its benefits. You can apply for a credit card with no annual fees, such as:
YES Bank FinBooster Credit Card
It’s a co-branded card that offers multiple benefits for your daily expenses. Check out the table below for more details about the card:
| Joining Fee | Nil |
| Annual Fee | Nil |
| Interest Rate | 3.99% p.m. |
| Features and Benefits | 5X reward points on dining online3X reward points on shopping online for grocery and apparel 1% fuel surcharge waiver at all fuel stations for transactions between ₹400 to ₹5,000₹2.5 lakh credit insurance coverage in case of accidental death of primary cardholder |
One Credit Card
It’s a lifetime free credit card that provides reward points for all categories. Some more details about the card are:
| Joining Fee | Nil |
| Annual Fee | Nil |
| Interest Rate | 3.75% p.m. |
| Features and Benefits | 5X reward points every month on your top two spending categories1 reward point per ₹50 spentUp to ₹5000 discount on flight bookings through Ixigo & Yatra1% fuel surcharge waiver, the maximum being ₹400 per month |
IndusInd Bank Legend Credit Card
| Joining Fee | NIL |
| Annual Fee | NIL |
| Interest Rate | 3.95% p.m. |
| Features and Benefits | 1.8% off on foreign currency mark-up3000 bonus reward points on spending more than ₹5 lakh or more annually1 reward point per ₹100 spent on weekdays2 reward points per ₹100 spent on weekends |
IDFC Bank FIRST Millennia Credit Card
| Joining Fee | NIL |
| Annual Fee | NIL |
| Interest Rate (APR) | Starting from 8.5% per annum |
| Features and Benefits | 3X reward points on spends of up to ₹20000 in a month10X reward points, on spends above ₹20000 in a month and for purchases made during your birthday month₹500 gift voucher from Amazon, BigBasket or Uber for spending over ₹5,000 within 30 days of card issuanceUp to ₹1,000 cashback on your first EMI |
Disclaimer: The features and charges mentioned above may change at the discretion of the issuer. Please check the latest information before applying for a credit card.
Choosing a no-annual-fee rewards credit card allows you to enjoy the perks without the added cost. It’s important to assess your spending habits before selecting a card. Compare interest rates and reward terms before making a decision. Use your card responsibly, redeem rewards regularly, and maintain a healthy credit score to maximise the benefits.
Turn everyday spending into valuable rewards with the One Credit Card. With this card, you will earn 1 reward point per ₹50 spent. In addition to that, you will also earn 5X reward points on your two highest spending categories. The best thing about this card is that you don’t have to worry about the reward’s expiry dates, so you can use them whenever you want.
You can redeem your points effortlessly with its online credit card app called the OneCard App. This app can also help you track your daily spending and keep you within your monthly budget. Also, use the app to find the best deals around you with its GPS tracker. Apply online and make the most of this lifetime-free credit card!
