Credit Card: For those considering an entry-level credit card, the following information may be beneficial. Some banks impose annual fees for credit cards, while others offer cards with no lifetime fees. In this article, we will discuss five of the best entry-level credit cards that provide numerous advantages at minimal costs.
IndianOil Axis Bank Credit Card
The IndianOil Axis Bank Credit Card is a co-branded credit card with an annual fee of Rs 500. As a welcome bonus, cardholders receive 100% cashback, capped at Rs 250, on transactions made within 30 days of receiving the card. Users earn 20 reward points (equivalent to 4% value back) for every Rs 100 spent at Indian Oil fuel stations. Additionally, they receive 5 reward points (1% value back) for every Rs 100 spent online. Furthermore, there is no fuel surcharge when purchasing fuel at petrol stations using this card.
PVR INOX Kotak Credit Card
For those who frequently book movie tickets through the PVR INOX multiplex chain, the PVR INOX Kotak Credit Card is an excellent choice. Cardholders enjoy a 5% discount on movie tickets purchased via the PVR INOX app, website, or at theaters. Additionally, a 20% discount is offered on food and beverages. For every Rs 10,000 spent using the Kotak PVR INOX Credit Card within a billing cycle, the cardholder earns one PVR INOX movie ticket valued at Rs 300.
SBI SimplyCLICK Credit Card
The SBI SimplyCLICK Credit Card has a renewal fee of Rs 499, which can be waived if the cardholder spends Rs 1 lakh within a year. Upon payment of the joining fee, customers receive an Amazon voucher worth Rs 500. Cardholders can earn 10X reward points on purchases made at Apollo 24×7, BookMyShow, Cleartrip, Dominos, Myntra, Netmeds, Swiggy, and Yatra. For all other online transactions, they earn 5X reward points. Additionally, spending Rs 1 lakh in a year qualifies the cardholder for 2000 e-vouchers for Cleartrip or Yatra, and spending Rs 2 lakh in a year earns an additional 2000 e-vouchers for Cleartrip.