The Best credit card with the lowest interest rate in India

Are you looking for the best credit card with the lowest interest rate in India? If so, you’ve come to the right place. In this blog post, we’ll take a look at some of th

e best cards on the market when it comes to interest rates. We’ll also discuss some of the factors you should consider when choosing a card and provide a few tips for keeping your interest payments as low as possible. So let’s get started!

What’s Ahead

  1. Best cards for low interest rates in India.
  2. Tips for keeping your interest payments as low as possible.
  3. Benefits of low interest rates Credit Card?
  4. What are the disadvantages of low interest rates Credit Card?
  5. Final Thought
The best credit card with the lowest interest rate in India
The best credit card with the lowest interest rate in India

Here are the best cards for low-interest rates in India.

#1. IDFC Bank Credit Card.

IDFC FIRST Millennia Credit Card
IDFC FIRST Millennia Credit Card

The IDFC Bank Credit card is one of the best options available for low-interest rates. This card offers an interest rate of just 9%, which is one of the lowest on the market. The card also comes with many other features, including reward points, cashback, and air miles.

However, the lowest APR of 9% is not available to everyone. The interest rate will vary depending on your credit score.

People with good to excellent credit ratings will get the lowest interest rate of just under 9%. But if you have a lower credit score, the APR could go as high as 55% – making it one of the highest rates available in India.

#2. HDFC Bank Infinia Credit Card

Hdfc bank infinia credit card
Hdfc bank infinia credit card

The HDFC Bank Infinia Credit Card is another great option for low-interest rates. This card offers an interest rate of just 1.99% per Month or 23.88% annually, one of the lowest.

HDFC Bank Infinia Credit Card is one of the best credit cards when it comes to interest rates.

Here are the features of the HDFC Bank Infinia Credit Card.

  • Interest Rate: 23.88% per annum Lowest Interest rate in the market.
  • Annual Fees: Rs.10,000+GST
  • Renewal Benefit: 10K Points
  • Renewal Fee Waiver: Spends Rs.8 Lakh or more.
  • Minimum Credit Limit: 8 Lakh or more
  • Default Reward Rate: 3.3%
  • Accelerated Reward Rate: 6.6% 
  • Accelerated Reward Rate: 33% (10X with limited partners)

However, keep in mind that the card is not available for everyone. This credit card invites only those with an annual income of Rs. 12 Lacs or more.

If you are looking for a card that is available to everyone, then the IDFC Bank Credit Card is a better option.

You can read the detailed review of the HDFC Bank Infinia Credit Card by clicking here.

#3. HDFC Bank Diners Club Card

HDFC Diners Black Credit Card
HDFC Diners Black Credit Card

The HDFC Bank Diners Club Credit card is another great option if you are looking for low-interest rates. This credit card offers an interest rate of just under 23.88% annually, making it one of the lowest on the market.

Here are the features of the HDFC Bank Infinia Credit Card.

  • Interest Rate: 23.88% per annum Lowest Interest rate in the market.
  • Annual Fees: Rs.2500+GST
  • Minimum Credit Limit:  4-8 Lakhs.
  • Lounge Access Benefits: Unlimited Lounge access Benefits
  • Golf Privileges: 6 Complimentary Golf games (Green fee waiver) per quarter

However, this card also has a few drawbacks. It’s not available to everyone, and it has an annual fee of Rs 2500.

#4. YES FIRST Exclusive Credit Card

Another fantastic choice for people looking for a card with low-interest rates is the YES FIRST Exclusive Credit Card. This credit card has an interest rate of just 23.88% per year, which is among the lowest on the market.

YES FIRST Exclusive Credit Card is a super-premium card and stands above YES First Preferred Credit Card and YES First Credit Card.

The following are the features of YES FIRST Exclusive Credit Card:

  • Annual Fees: Rs.10,000
  • Rewards rate: 2.5%
  • Complimentary Golf Lessons at select golf courses in India
  • Unlimited Lounge access. 
  • Insurance coverage up to Rs.10 lakh
  • Foreign Currency Markup: 1.75%
  • Interest Rate: 1.99% Per Month

Pro Tips: Unlimited Priority Pass lounge access is available for Add-on cards also. So, if you have a family, they can also enjoy this benefit.

The YES FIRST Exclusive Credit Card is an excellent choice for people looking for a card with low-interest rates. It has a lot of great features, including unlimited lounge access and complimentary golf lessons. Plus, the annual fee is just Rs. 10000.

#5. Axis Bank Vistara Infinite Credit Card

Axis Vistara Infinite Credit Card
Axis Vistara Infinite Credit Card

The Axis Bank Vistara Infinite Credit Card is a great option for people looking for a card with low-interest rates and many other benefits. This credit card has an annual interest rate of just 2.95%, per Month which is among the lowest on the market.

Axis Bank Vistara Infinite Credit Card comes with the following features:

  • Interest Rate: 2.95% per months Lowest Interest rate in the market.
  • Annual Fees: Rs 10,000+GST
  • Foreign Exchange Markup fee: 3.5% + GST
  • Complimentary lounge access: Vistara gives complimentary lounge access in the form of four visits per quarter via the Visa Lounge Access Program and Club Vistara Gold Membership.
  • Reward rate: Up to 15% as complimentary tickets

The Axis Bank Vistara Infinite Credit Card is a fantastic option for those who are seeking a card with low-interest rates and other perks. This credit card includes free lounge access, reward points, and foreign exchange markup fee exemption. Furthermore, the annual payments are only Rs. 10000+GST.

You can read the detailed review of the Vistara Infinite Credit Card by clicking here.

Tips for keeping your interest payments as low as possible.

You may take steps to keep your interest payments as low as possible. Here are a few suggestions:

  • If you don’t pay your credit card bills on time, this can result in late payment fees and penalties, both of which will raise the amount of interest you have to repay.
  • Try to keep your credit card utilization rate as low as possible. The higher your utilization rate, the more interest you will pay.
  • Compare different credit cards and find one that has a lower interest rate. This can help you save money on interest payments over time.
  • If you can, try to pay off your entire balance each Month. This will help you avoid paying any interest at all.
  • Make sure you understand the terms and conditions of your credit card agreement. This will help you to avoid any surprises down the road.

By following these tips, you can keep your interest payments as low as possible and save money on your overall credit card costs.

Benefits of low-interest rates Credit Card?

There are a few benefits of having a low-interest rate credit card. Here are a few of them:

  • You will save money on interest payments over time.
  • You will be able to pay off your balance more quickly.
  • You will be less likely to go into debt.

If you are looking for a credit card with low-interest rates, be sure to compare different options and find one that is right for you. By doing so, you can save money on interest payments and improve your overall financial situation.

What are the disadvantages of low-interest rates Credit Card?

There are a few disadvantages of having a low-interest rate credit card. Here are a few of them:

  • You may have to pay an annual fee for your credit card.
  • If you choose not to pay off your balance each Month, you will have to pay interest on your balance.
  • You may have to pay a foreign exchange markup fee.
  • The main disadvantage of having a low-interest rate credit card is that you will end up paying more if you choose not to pay off your balance each Month. By doing so, you can avoid these disadvantages and improve your finances over time.

Make sure you understand the pros and cons of having a low-interest rate credit card before deciding if it is right for you. By doing so, you can make an informed decision about which type of credit card is best for your needs.

Final Thought

If you’re looking for a credit card with low-interest rates, be sure to compare different options and find one that is right for you. By doing so, you can save money on interest payments and improve your overall financial situation.

The only downside of having a low-interest rate credit card is that if you choose not to pay off your balance each month, then it will cost more in the long run due to interest fees. Make sure you understand the pros and cons before deciding whether or not this type of card is best suited for your needs.

If there are any questions about these ideas, feel free to reach out!

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