Credit cards with interest free period

#1

I’m looking to get some new credit cards to make some big purchase. Are there any credit cards that are being offered with an interest free period?

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#2

Hi,

Banks offer interest-free period for Credit Cards only in case of balance transfer. When you transfer the balance from your existing card to another one (offered by a different bank), you will be charged no interest for a certain period. If you don’t have a card, it is best for you to look for cards that have zero annual fee. To save on interest, you can convert your big purchases into EMI. Here are some zero annual fee Credit Cards.

Kotak Royal Signature Credit Card

The Kotak Royal Signature Credit Card has some stellar features like fuel surcharge waiver, access to premium airport lounges, and priority assistance. The card comes in two variants – paid and free. You can pick either one based on your budget and spending needs.

Annual Fee:

1st Year – Nil
2nd Year Onwards – Rs. 999, which will be waived off on an annual retail spend of Rs. 1 lakh
APR – 37.2% per annum

Other perks and attractive features:

Earn up to 4X reward points on every Rs. 150 spent.

Get up to Rs. 30,000 reward points on annual retail spends of Rs. 8 lakhs.

Complimentary access to domestic airport lounges in a calendar year; 2 per quarter.

5% fuel surcharge waiver across all petrol pumps in India.

Surcharge waiver on railway ticket booking.

In case of loss of card, you get a cover of Rs. 2,50,000 against fraudulent usage up to 7 days pre-reporting.

HSBC Visa Platinum Card

The HSBC Visa Platinum card is packed with deals offered on shopping, dining and travel along with a host of other benefits and features.

Annual Fee:

1st Year – Nil
2nd Year Onwards – Nil
APR – 39.6% per annum

It’s a lifetime free card.

Other perks and attractive features:

Get 10% cashback on all spends during the first 90 days from the date of card issuance subject to a minimum spend of Rs. 10,000 and a maximum cashback of Rs. 3,000 per card. This offer is valid from 1st January 2017 to 31st December 2017.

No joining and annual fees.

Get 3X rewards on spends on dining, hotels and telecom categories for 12 months.

Get 5X rewards on spends of over Rs. 4,00,000 in a year for up to maximum spends of Rs. 10,00,000 in a year.

Movie ticket voucher worth Rs. 500 on spends exceeding Rs. 50,000 in a calendar year.

Get 1 movie ticket free when you book 2 movie tickets on the BookMyShow mobile app.

Want to check our Credit Card offers? Click here.

Cheers,
BB Expert

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