Top Rewards Credit Cards with No Annual Fee and Low Processing Fees
Prerna Sood
Prerna Sood
Wednesday 05 Feb 2025
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Finding the best rewards credit card no fee for your personal finances matters a lot. Most credit card users want rewards with their cards but do not want excessive costs. This guide helps you find leading credit cards with no yearly charge and minimal processing costs in India. We’ll cover the leading credit cards and explain what makes them stand out.

The Benefits of Free Annual Fee Credit Cards in Reward Programs

The rewards credit card is great because it lets you earn money back, travel points, or bonuses when you pay for normal shopping. Your rewards cuttings decrease when you pay annual fees. Nobody pays annual card fees to get rewards benefits on purchases with no annual fee cards.

Processing costs become more meaningful when you're a small business owner taking card payments. Lower card processing fees result in more economical payments throughout your transactions.

When Finding the Top No Annual Fee Rewards Credit Cards, You Should Evaluate Key Features

  • Generous Rewards Programs: Seek out credit cards that give you cashback or travel miles at attractive payback rates every time you make a spend.

  • Low or No Foreign Transaction Fees: Planning trips overseas? Any charge you skip paying due to international purchases makes a significant impact on how much you spend.

  • Introductory Offers: Card users can receive bonus points when they open their account and pay no interest temporarily.

  • User-Friendly Redemption Options: Make sure you can quickly turn your points into cash, travel vouchers, or gift card credits.

  • Low Credit Card Processing Fees: For businesses using credit cards, picking ones with low processing costs lets them save money on their bottom line.

Top Picks for No Annual Fee Rewards Credit Cards in India

Here’s a look at some of the best credit cards with no annual fee:

1. HDFC Bank's Millennia Credit Card

Rewards: When you shop online from Amazon, Flipkart, or other popular stores, your credit card gives you 5% back in cash.

Benefits: More milestones to reach while receiving special savings and cash-back discounts.

Why It Stands Out: Young working people and those who buy everything electronically will love this card.


2. SBI SimplyCLICK Credit Card

Rewards: For each dollar spent online with our partner retailers, Amazon and Cleartrip, you'll earn 10 points back.

Benefits: Our card benefits you by waiving the annual fee when you reach ₹1 lakh in annual payments.

Why It Stands Out: You get more back for your money when you shop frequently at online stores backed by this card.


3. ICICI Bank offers this card that gives customers cashback for using it to purchase from Amazon.

Rewards: Users can earn 5% back on Amazon orders and 2% back at partner shopping sites.

Benefits: No joining or annual fees.

Why It Stands Out: Made just for Amazon buyers, this card gives them ongoing cashback savings.


4. Axis Bank ACE Credit Card

Rewards: Users can earn 5% cashback on utility payments plus 2% back on all other purchases through Google Pay.

Benefits: No cap on cashback earnings.

Why It Stands Out: It makes it easy to pay your usual bills and electricity bills.


5. You receive 5% back when you pay your fuel expenses or utility bills on the Standard Chartered Super Value Titanium Card.

Rewards: Receive cashback rewards totaling 5% when you use your card on gasoline purchases and to pay for essentials such as utilities and phone plans.

Benefits: Receive cashback easily, with no joining cost included.

Why It Stands Out: This card helps you control your family's spending.


Low processing charges help run a successful business.

Business owners in India will find that the processing fees quickly add up when they handle a large number of transactions. When you process a credit card payment, merchants usually pay 2% to 3% on top of the money customers spend. Both your financial success and your ability to keep up with competitors will improve when you choose a credit card with small fees.

Choose payment processors that charge customers a standard rate or lower fees to help small companies save money. Some credit cards work with processing companies to offer improved payment terms that deserve your attention.

How to Maximize Your Rewards

  • Pay Off Your Balance Monthly: To keep from paying interest, make sure to clear your entire balance every month.

  • Take Advantage of Bonuses: During promotional events you can sign up to get more benefits from your rewards program.

  • Use the Card Strategically: Put your money into spending areas that let you earn the most points.

  • Monitor Your Rewards: Keep an eye on reward expiry dates to avoid wasting your available benefits.


Final Thoughts

You get more value from your spending when you choose no-annual-fee rewards credit cards that offer useful benefits along with cost benefits. No matter what you need from a credit card, you'll find one that fits your requirements. As a business owner, keep credit card transaction fees in mind because they influence your profit margins.

Using the best rewards credit card no fee and following its rules will help you earn rewards while saving you money every year. Take a moment to discover the right credit card now that suits your everyday activities and helps you reach your financial objectives.

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