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What is the Best Credit Card with the Lowest Interest Rate in India

by ritvik
best credit cards

The primary benefit of holding credit cards is that they allow you to carry your unpaid balance to the next billing cycle. Thanks to this facility, you can easily pay off all your bills without having to take out a loan. Having a credit card with a low-interest rate can be helpful if you usually carry significant balances on your credit card from one month to the next. 

A low-interest rate credit card is also beneficial when you need to make large purchases using your card. Moreover, you will incur less interest rate on your outstanding amount every billing cycle, allowing you to save more. In this article, we will explore some of the best credit cards with the lowest interest rates in India, including HDFC, Axis, and RBL cards.

Bajaj Finserv RBL Bank SuperCard

Rightly named as a SuperCard, the Bajaj Finserv RBL Bank SuperCard is among the best credit cards with a low-interest rate. This RBL card, in collaboration with Bajaj Finserv, hands you the benefits of four cards in one, allowing you to use it as a credit card, a cash card, an EMI card and a loan card. It offers a monthly interest rate at an APR of 3.99%. With industry-first perks and privileges, the Bajaj Finserv RBL Bank SuperCard provides a one-of-its-kind credit tool that you can use for numerous purposes. 

One of the unique benefits of this credit card is that you can withdraw cash without paying any interest for up to 50 days, with a minimal processing fee of 2.5%. Additionally, you can turn your credit card’s unused credit limit into a personal loan and avail of loans for up to 90 days, with a nominal interest rate of 1.16% per month. What’s more, is that you have the option of repaying the loan in 3 easy EMIs. The perks don’t end here, as this credit card can also be used as an EMI card, allowing you to purchase a wide range of items, including electronics, home appliances and more on customisable EMIs. 

Furthermore, you can also enjoy various lucrative offers and discounts on EMI purchases, travel bookings and other payments. The Bajaj Finserv RBL Bank SuperCard also gives you up to 4,000 reward points as a welcome bonus on select variants of the SuperCard. Other benefits of the Bajaj Finserv RBL Bank SuperCard include complimentary airport lounge access, 1+1 movie tickets on BookMyShow, 5% cashback on down payment at Bajaj Finserv partner stores and many more. Lastly, this credit card comes in seventeen variants to suit the lifestyle and requirements of various kinds of users. These include Platinum Choice SuperCard, World Plus SuperCard, and Doctor’s SuperCard.

HDFC Bank Infinia Credit Card

HDFC Bank Infinia Credit Card is a high-end card offered to select customers on a special invite from HDFC Bank. Best suited for HNIs, this credit card offers benefits in multiple categories, including travel, rewards, shopping, dining etc. For example, the Infinia credit card gives you 5 reward points for every Rs. 150 spent. It also offers complimentary airport lounge access and minimum 15% savings across more than 3000 restaurants. It is one of the best credit cards in terms of interest rates which ranges between 1.99% and 2.5%. Nevertheless, the credit card attracts high joining fees and renewal fees, making it rather expensive.

Axis Bank Burgundy Private Credit Card

The Axis Bank Burgundy Private Credit Card is designed for HNIs (High Net-worth Individuals) to suit their lifestyles. Consequently, this credit card is touted to be one of the best credit cards for HNIs. For the Burgundy Private members, this credit card is issued without any cost. The card carries best-in-class perks for cardholders such as unlimited lounge access at international and domestic airports and no foreign transaction fee. Furthermore, the users of this card are entitled to 30,000 Welcome Edge Reward points on the first transaction and 15 Edge Reward points for every Rs. 200 spent. It also offers 50 complimentary rounds of golf per year. The interest rate charged is only 1.50% per month, making it one of the lowest in the market. The downside of this credit card is that it is very exclusive, leaving only a small percentage of individuals eligible for it.
In conclusion, some of the best credit cards in terms of low-interest rates are the Bajaj Finserv RBL Bank SuperCard, HDFC Bank Infinia Credit Card and Axis Bank Burgundy Private Credit Card. The RBL Card comes with the power of four cards in one – credit card, EMI card, loan card and cash card. Each credit card offers several benefits, making them suitable for different users. You can choose your favourite credit card and apply for it online for a fast and hassle-free experience. The Bajaj Finserv RBL Bank SuperCard has a quick, seamless process for applying online and quick approval time, making it the go-to option for the masses.

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