Credit cards allow you to carry your unpaid balance into the next billing cycle, enabling you to pay off your bills without taking a loan. However, when you decide to carry forward the balance, a small interest is levied on the amount. Therefore, owning a low interest rate credit card can be beneficial for those who rely on credit cards for making expensive purchases. Usually, interest rates in the range of 1.5% to 2.99% per month are considered low when it comes to credit cards.
So, if you think you might want to carry the balance forward, going for a card that does not charge a high rate of interest will be the best option for you. Below you can find a list of the best credit cards with low interest rates.
Exclusive Card Offers from India’s top banks are just a click away
Error: Please enter a valid number
Best Low Interest Credit Cards in December 2024
IDFC FIRST Wealth Credit Card
Joining fee: ₹0
Annual/Renewal Fee: ₹0
Up to 10x rewards on every spend
Up to 8 international & 8 domestic airport lounge & spa access in a year
Product Details
- Low forex mark-up of 1.5%
- Buy 1 get 1 offer with up to Rs. 250 off twice a month on movie tickets on Paytm app
- Up to 20% off at partner restaurants & up to 15% off at select health & wellness outlets
- Complimentary golf round per Rs. 20,000 monthly spends, up to 2 rounds/month
- Complimentary airport meet & greet, airport transfers, concierge, & premium benefits at select luxury hotels
Axis Bank Burgundy Private Credit Card
Joining fee: ₹50000
Annual/Renewal Fee: ₹50000
Unlimited domestic & international airport lounge access
Complimentary EazyDiner Prime, Club Marriott, Accor Plus and Taj Epicure memberships
Product Details
- Free EazyDiner Prime Membership for savings up to 25% at fine dining restaurants
- 50 complimentray golf rounds every year
- Free ticket for every movie/non-movie ticket bought through BookMyShow, applicable 5 times for movies and 5 times for non-movie events
- Complimentary concierge service for 8 airport visits
- Complimentary Club Marriott, Accor Plus, and Taj Epicure memberships
HDFC Infinia Credit Card Metal Edition
Joining fee: ₹12500
Annual/Renewal Fee: ₹12500
Unlimited airport lounge access for primary and add-on members
10x reward points on travel and shopping spends on Smartbuy
Product Details
- 1 RP = 1 Air Mile or Rs. 1 for travel bookings, Apple products and Tanishq vouchers purchased via SmartBuy
- Invite-only card with Club Marriott membership and 12,500 reward points on card activation & renewal
- 5 reward points on every Rs. 150 spent, including spends on insurance, utilities and education
- Access to unlimited golf coaching in India & golf games across the world with 2% forex mark-up fee
- Book 3 nights stay at participating ITC hotels and pay for 2 with 1+1 complimentary weekend buffet
HDFC Diners Club Black Credit Card
Joining fee: ₹10000
Annual/Renewal Fee: ₹10000
Unlimited airport lounge access for primary and add-on members
High base rewards rate of 3.33% with 5 reward points per Rs. 150 spent
Product Details
- Up to 10X reward points on SmartBuy and 2X on weekend dining with up to 1:1 redemption ratio
- Annual memberships of Club Marriott, Forbes, Amazon, Swiggy One (3 months) and MMT BLACK on joining
- Low forex markup fee of 2% and renewal of annual complimentary memberships on Rs. 8 lakh annual spends
- Any 2 vouchers of Rs. 500 from Ola cabs, cult.fit Live, BookMyShow, or TataCliQ on Rs. 80,000 monthly spends
- 6 complimentary golf games in a calendar quarter
Kotak Privy League Signature Credit Card
Joining fee: ₹0
Annual/Renewal Fee: ₹2500
5X rewards on everyday categories & international spends
Complimentary Priority Pass membership with free lounge visits
Product Details
- 6,400 reward points on monthly spend of Rs. 1,000
- Up to Rs. 2.5 lakh as insurance against unauthorised transactions
- 1% fuel surcharge across all petrol pumps in India on transactions between Rs. 400 to Rs. 4,000
- 1.8% to 2.5% railway surcharge waiver on booking tickets through www.irctc.co.in or Indian Railways booking counter
YES Bank RESERV Credit Card
Joining fee: ₹1999
Annual/Renewal Fee: ₹1999
Up to 12 domestic & 6 international airport lounge access per year
24 YES Rewardz Points per Rs. 200 online spend and 12 on offline spends
Product Details
- 6 YES Rewardz Points per Rs. 200 spent on other categories; Low forex mark-up fee of 1.75%
- 8,000 reward points on renewal fee payment
- 25% off up to Rs. 250 per month on BookMyShow movie tickets
- 4 complimentary rounds of green fees per year (1 per month), 1 golf game per month at select golf courses
- Choice to subscribe to 3X/5X rewards plans by paying Rs. 3,500/Rs. 5,000 per year
Axis Magnus Credit Card
Joining fee: ₹12500
Annual/Renewal Fee: ₹12500
Unlimited international & domestic lounge visits with 4 additional guest visits
Up to 60 EDGE reward points per Rs. 200
Product Details
- Low forex mark-up fee of 2%
- Conversion of rewards into Air Miles or Hotel Loyalty points (5:2)
- Luxe gift card/ The Postcard Hotels/ Yatra voucher worth Rs. 12,500 on making the first transaction within 30 days from card issuance
Top Credit Cards in India | Check Pre-approved Card Offers | Pros & Cons of Low Interest Credit Cards