34 Credit Cards with No Annual Fees in India & How to Avoid the Fees
Almost every credit card issuing company has an automated way to deduct annual fee which is a one-time fee charged mostly at the beginning of the year. While buying a card, individuals are not aware of this fee and only come to know about this after first year when their statement displays the same. Although not every card carries an annual fee but certain categories of cards such as reward card, premium travel cards, secured cards often carries an annual fee due to the benefits offered. But first time buyers should not reject the card because it is their first step in building a credit history.
However there are few cards available in India having zero annual fees in the first year and then onwards a small fee is charged. So here’s the list of credit cards with no annual fee in the FIRST YEAR along with the fee charged from second year onwards:
Best No Annual Fee Credit Cards for International Travel
If you are traveling outside of the U.S. this year, you’ll want to take a credit card that has no extra fees on foreign transactions. But most cards with no foreign transaction fees have annual fees, because the cards are often geared to frequent travelers. (Foreign transaction fees usually add 3% to the cost of anything you buy outside the U.S.!)
However, we’ve made a list of the best credit cards with no foreign transaction fees, no annual fees, AND other features that make sense for traveling abroad:
- Capital One Premier Dining Rewards Card – Capital One does not charge international transaction fees on ANY of their credit cards, so all of them are good choices for international travel. We choose this card, though, because it gives 3% cash back on restaurant purchases, which are likely to be your most-common purchases when outside the country. You’ll also get a 2% rebate on groceries (which you might also be buying if you stay at a vacation rental), and 1% on all other purchases.
- BankAmericard Travel Rewards Card – Offers a 1.5-point-per-dollar rewards program, which equates to a 1.5% rebate on your travel purchases when redeemed. If you have other Bank of America accounts, you could be eligible for another 10% customer bonus, bringing your rebate percentage up to 1.65%. If you spend $1000 with this card in the first 90 days of having it, you’ll get a 20,000-point/$200 bonus reward.
- Wyndham Rewards Visa – The no-annual-fee credit card of Wyndham hotels has no foreign transaction fees and an attractive rewards formula to boot: every 15,000 points earned through the Wyndham Rewards program gets you a free night at any of their hotels, and you can earn up to 3 points per dollar charged to the card. The fact that Wyndham has many hotels outside of the U.S. means you can maximize your rewards while eliminating transaction fees while you travel abroad.
- Amazon Rewards Visa – In addition to no foreign transaction fees and no annual fee, you’ll get a 2% reward on dining purchases with this card. There are plenty of other rewards, too: 3% on Amazon purchases (5% if Amazon Prime customer), 2% on gas stations and drug stores, 1% everywhere else. You’ll also get a bonus $50 ($70 for Prime customers) as soon as you are approved. Use rewards toward future Amazon purchases or cash back.
- Citizens Bank Cash Back Plus World MasterCard – No foreign transaction fees, no annual fee, and the ability to earn at least 1.5% cash back and possibly up to 1.8% cash back on your purchases.
Credit One Bank® Platinum Visa® for Building Credit - See if you Pre-Qualify without harming your credit score. +This fully unsecured credit card with no deposit requirement can be helpful in growing or building credit. Your account activity will be reported monthly to all three major credit bureaus. +All the features you want in a credit card are included. Get 1% cash back on eligible purchases, take advantage of free online credit score tracking, and enjoy credit line increase opportunities. Terms apply.
Best Rewards Credit Cards for International Travel
If you’re thinking about getting a rewards credit card for your next trip abroad, there are two questions you should ask yourself: Can you use the card while you’re traveling in another country, and which card earns points or miles that can get you where you want to go?
Though you can use almost any credit card while traveling internationally, you’ll definitely want one that does not charge a foreign transaction fee. That fee, which it typically around three percent, is added to each purchase you make in a foreign currency. It might not sound like much, but it can add up fast.
Luckily, there are many cards that don’t charge foreign transaction fees, so you won’t and shouldn’t have to deal with this. For the purposes of this post, I won’t include any cards that do.
While credit card issuers, like Citi and Chase, decide if a particular card will charge foreign transaction fees, credit card networks, such as Visa or MasterCard, determine where the card is accepted. American Express and Discover, which happen to be both issuers and networks, aren’t accepted by as many vendors as Visa or MasterCard. That’s especially true abroad. If you get and Amex or Discover card, you’ll definitely want a Visa or MasterCard as a backup.
Visa and MasterCard are accepted by most vendors abroad
To address the other issue—which cards earn points or miles that can get you where you want to go—it’s useful to split award cards into three categories: cards with transferable points, cards without transferable points and co-branded airline cards.
Cards that are part of major awards programs, such as Chase Ultimate Rewards and American Express Membership Rewards, are usually the best cards to get because they offer a mix of flexibility and value. You won’t be tied to one airline with these cards because you can transfer your points to several different frequent flyer programs. That gives you a lot of options for redeeming points. These cards also offer great value because you’ll get the most from your points if you redeem them directly through airlines.
Cards with nontransferable points sacrifice value for flexibility. These cards are similar to cash back cards, allowing you to redeem miles for statement credits toward travel purchases. Cards that are part of programs such as Capital One Venture and Barclaycard Arrival are very flexibility because you can use miles to pay for any travel. On the other hand, they won’t get you the most value for your miles because you can’t transfer them to frequent flyer programs.
The final category of cards, co-branded airline cards, earns miles with only one frequent flyer program. That limits your redemption options, but these cards can be a good choice if you know which airline you’re going to fly on.
Co-branded airline cards earn miles that can be used in its frequent flyer program
Keep in mind that you aren’t limited to flying on one airline if you have one of these cards. You have to redeem through the carrier’s frequent flyer program, but you can book flights on partner airlines. If the carrier is part of an airline alliance, such as oneworld, Star or SkyTeam, then you’ll have a lot of options. The problem is that you may not get the best redemption rates or access to as many award seats.
Airline cards typically come with some nice airline specific perks, which may include everything from free checked bags, in-flight discounts and priority boarding to bonus elite status miles, free lounge access and companion tickets. These cards don’t typically earn as much as other rewards cards, offering double miles on airfare only, but the added perks might make them worth having, depending on your travel habits.
Which card is best for you depends on where you want to go and how you like to travel. Cards that have transferable points are generally safe bet, though, allowing you to maximize the value of your points and chose from a variety of frequent flyer programs.
Below I’ll cover the best cards for international travel in each of these categories.
It probably comes as no surprise that the Chase Sapphire Preferred® Card is one of the best options for international travel. It has a big 50,000-point sign-up bonus , double points for all travel and dining, and a reasonable $0 intro annual fee for the first year, after that $95. At $ $4,000, it has a slightly higher minimum spend than many cards, but you have to make only $1,333 in purchases per month for three months.
Chase Sapphire Preferred card is one of the best options for international travel
What you might not know is that Chase’s business card, Ink Plus® Business Credit Card, is also a great choice. It comes with a bigger sign-up bonus of 60,000 points and more generous bonus earning categories. You’ll get quintuple points for some recurring expenses, such as landlines, cell phones, internet and cable, plus double points for gas and hotels.
15 Best Travel Credit Cards 2017 – (Rewards, Miles, & International)
By: Ashley Dull • May 17, 2017
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.
Traveling is something most everyone loves to do – whether it’s hitting the open road, flying the friendly skies, or cruising the ocean blue – it’s always a welcome break in our normal day-to-day routines. The obvious problem, of course, is that vacationing can be expensive, so many of us don’t get to do it as often as we’d like to.
That’s why travel rewards credit cards are so popular among so many – simply use the card to make your everyday purchases, and you’ll simultaneously earn points and miles that can be redeemed for things like free or discounted hotel stays, plane tickets, rental cars and more, making the cost of your next vacation that much more affordable.
Different travel rewards cards serve different purposes, so there are definitely some considerations to think over, mostly dependent on what kind of travel you’re into. We’ve compiled all of our experts’ top picks, which you can skip ahead to using the links below:
When it comes to traveling abroad, there are a few things to be cognizant of when using credit for your purchases. For one, chip-n-pin technology has been used in Europe and other countries long before it made its way to the U.S., so if you’re carrying an older card around without chip-card technology, you may find yourself asking the cashier to enter the card manually (which can be tricky in a foreign language).
Another important factor — if not the most important — is foreign transaction fees. You’re definitely going to want a card without foreign transaction fees as these can quickly become an added expense to your trip you didn’t take into account. Below are some great options to use for international travel with no foreign transaction fees: