A basic credit card comes with no special characteristics or benefits and no annual fee. The features of basic credit cards in all financial institutions remain the same. The credit limit of these types of cards depends on the creditworthiness of the cardholders. It varies from one user to another.
It is the best credit card for those who are new to use credit cards. The terms and conditions stay transparent. They do not come with minimum spend criteria or do not offer privileges like the other advanced cards. Prospective cardholders with a small credit history may consider qualifying for a basic credit card easier.
Here are some of the best basic Credit cards:
1. SBI SimplyClick credit card
If you are new to credit cards with spends around 1 Lakh a year, SBI SimplyClick is worth taking. You get a 1.25% return on all online spending and 2.5% with select merchants like Amazon.
Reward Rate: 1.25% – 2.5%
Joining Fee: Rs.499+GST
Main features of SBI SimplyClick credit card
2. Citi Bank Cashback Credit Card
The Citi Bank Cashback Credit card is known for offering cashback on each of the transactions.
Annual fee- INR 500
Joining fee- NIL
Main features of Citi Bank Cashback Credit Card
3. American Express Membership Reward Credit Card
American Express Membership Rewards® Credit Card offers great rewards to its user. It is the perfect example of why American Express Cards are the most sought after
Annual Fee- Rs 1000
Renewal Fee- Rs 4500( Waived off on spending annual 1.5 Lakhs)
Features of American Express Membership Reward Credit Card
4. Standard Charted Super Value Titanium Credit Card
Online you find many credit cards that are offering cashback on travel and shopping, only a few do so for fuel spends. It is one of those cards.
Joining Fee- 750 INR
Annual fee- 750 INR
Features of Standard Charted Super Value Titanium Credit Card
If someone who is looking forward to using a credit card for spending in all areas, and at the same time, would like to be rewarded also for the same, then apply for HDFC Regalia Credit Card.
Annual Fee- Rs 2500
Renewal Fee- Rs.2,500 + taxes (waived if you spend Rs.3 lakh in one year)
Features of HDFC Regalia Credit Card
6. YES Prosperity Rewards Credit Card
If you are a shopaholic, it would be the best credit card for you. There is no hassle of documentation or lengthy application procedure. It is a complete value-for-money credit card.
It is a Lifetime Free Credit Card!
Features of YES Prosperity Rewards Credit Card
Basic Credit cards are a great way for people with limited credit or bad credit to establish and improve their credit standing (including students and immigrants).Apply now!