We all use credit cards for many purposes, including bill payments. Although credit cards are very useful, they should be used with great care. Many people fall into the trap of credit card debt. That is why we should pay attention to many things while choosing a credit card. The most important of which is the interest rate. We should know the interest rate charged on credit card loans while choosing the card. This will help us avoid many problems that may arise in the future. Now let’s see which banks and credit cards charge the lowest interest on credit card loans.
5 Credit Cards in India that Offer Low Interest Rates
1. IDFC Bank Credit Card
IDFC is a bank that charges low interest on credit cards. The interest rate on IDFC Bank credit cards is 9 percent. However, the interest rate may vary depending on the credit score of the cardholder. The interest rate charged may be 9 percent or less for those with a high credit score. However, IDFC Bank charges up to 55 percent interest for customers with a low credit score.
2. HDFC Bank Infinia Credit Card
Infinia Credit Card is a credit card from HDFC Bank that offers a very low interest rate. The monthly interest rate of the card is 1.99 percent. The annual fee of the card is Rs 10,000 plus GST. However, this card is not available to everyone. This card is available to those with an annual income of Rs 12 lakh or more.
3. HDFC Bank Diners Club Card
The annual interest rate on this card is 23.88 percent. The annual fee of the HDFC Bank Diners Club Card is very low compared to other credit cards. The annual fee of the card is Rs 2,500 plus GST. However, this card is not available to everyone.
4. Yes First Exclusive Credit Card
Another credit card that charges a low interest rate is Yes Bank’s Yes First Exclusive Credit Card. The annual interest rate on this credit card is 23.88 percent. It is 1.99 percent per month. The annual fee of the card is Rs 10,000. In addition to unlimited lounge access, the cardholder also gets insurance cover of up to Rs 10 lakh.
5. Axis Bank Vistara Infinite Credit Card
Axis Bank Vistara Infinite Credit Card is another credit card that offers low interest rates. The monthly interest rate on the card is 2.95 percent. This is a very low interest rate compared to other credit cards in the market. The annual fee of the card is Rs 10,000 plus GST.
Disclaimer: All posts are for educational purposes only. Opinions are personal. Before investing, please do your own research and seek the help of a financial advisor if necessary. The risk is yours alone.
