Benefits offered by credit cards are like some club memberships wherein the members giving higher contribution are offered more benefits. And same is the case with credit cards, higher the joining fees greater are the rewards and vice-versa. Higher income earners can afford to pay the joining fee and get cards. But what about people with low income earners who are not capable pay joining fee but still want to buy credit card? For such category of individuals, many banks offer credit cards with no joining fee which can help them in building credit history. Check out credit cards for poor salary individuals.
Here is the list of banks in India offering credit cards with no joining fees:
|Bank Name||Credit Card Name|
|Kotak Mahindra Bank||Easyday Silver Card|
|Kotak Mahindra Bank||Best Price Business Card|
|Kotak Mahindra Bank||Fortune Gold Card|
|Kotak Mahindra Bank||Feast Gold Card|
|Kotak Mahindra Bank||Easyday Titanium Card|
|ICICI Bank||Instant Platinum Credit Card|
|State Bank of India||SBI Dena Bank Secured Card|
|State Bank of India||SBI Maruti Card|
|HSBC||Platinum Credit Card|
|Bank of India||India Card|
|Axis Bank||My Zone Credit Card|
|Andhra Bank||VISA Platinum|
|Bank of Baroda||BOBCARD Assure|
|Canara Bank||Visa Classic|
|Canara Bank||Mastercard Standard|
|Central Bank of India||Titanium Credit Card|
|Central Bank of India||Aspire Credit Card|
|Ratnakar Bank Limited||Golf World Card|
|Standard Chartered||Visa Infinite|
|Standard Chartered||Platinum Rewards|
|Standard Chartered||Emirates Platinum|
|Standard Chartered||Inner Circle Platinum|
|HDFC Bank||MoneyBack Credit Card (Life Time Free, if applied through bank website)|
|HDFC Bank||All Miles Credit Card (Life Time Free, if applied through bank website)|
|HDFC Bank||Regalia Credit Card (Life Time Free, if applied through bank website)|
|HDFC Bank||Diners Premium Credit Card (Life Time Free, if applied through bank website)|
|HDFC Bank||Diners Rewardz Credit Card (Life Time Free, if applied through bank website)|
Condition for SBI Maruti Card is that if spend on card is greater than Rs. 2,000 within the first 60 days of card issuance, then joining fee is waived.
Before opting for any card, make sure you are aware of following important fees charged by the banks, although there are many other charges:
- Annual fees: There are many cards with zero annual fees but after completion of 1st year annual fee is applied and many card owners are not aware of this. So select a card, which does not put hole in your pocket and carries low or no annual fee.
- ATM Cash Withdrawal: One of the biggest differences between debit card and credit card is that on debit card there is no charge on cash withdrawal from the ATM provided number of withdrawals are within the limit. However every cash withdrawal from ATM using credit card carries charge depending on the amount.
- Late Payment: This can be either a fixed charge or small percentage of the amount withdrawn.