Low Annual Fee Credit Cards (Under ₹500) – Affordable. Reliable. Rewarding.
Big Benefits Without Breaking the Bank
Looking for a credit card that offers real value without a hefty price tag? At CardMela.com, we’ve curated a list of Low Annual Fee Credit Cards (Under ₹500) that are perfect for budget-conscious users who still want cashback, rewards, and premium experiences — without paying thousands in yearly fees.
Whether you’re a student, a salaried professional, or simply looking to add a second card with great perks — these cards give you the best of both worlds: affordability and functionality.
Explore top picks like the SBI Sprint Cashback, Axis My Zone, Airtel Axis Bank, ICICI Manchester United, and IDFC FIRST Classic — all designed for different types of spending, but united by low costs and high user satisfaction.
These cards also come with added benefits like: cashback or reward points on digital and retail spends; airport lounge access and fuel surcharge waivers; free subscriptions or lifestyle offers with first swipe; spend-based annual fee waivers on most variants; UPI compatibility and EMI-friendly features.
These cards are not only budget-friendly — they’re smart for long-term usage.
Ready to earn more while spending less? Use our comparison tool to explore features, joining fees, annual charges, and apply for your favourite Low-Fee Credit Card today — only on CardMela.com.
SBI Sprint Cashback Credit Card
★★★★☆ (4.0/5)
Ideal for moderate fuel spenders and online shoppers
Benefits:
10 Reward Points per ₹150 spent on Dining, Movies, Grocery, and Departmental Stores
1 Reward Point per ₹150 on other spends
2,000 bonus Reward Points on spending ₹2,000 within 60 days of issuance
1% fuel surcharge waiver on transactions between ₹500–₹3,000 (max ₹100/month)
Contactless payments enabled
Reward Points redeemable against outstanding balance or a wide array of gifts
Eligibility:
₹25,000/month income, Credit Score 750+
Fees:
₹500 Joining & Annual Fee (waived on ₹3.5L spend/year), Late Fee ₹100–₹1,300
Axis Bank Airtel Credit Card
★★★★☆ (4.2/5)
Ideal for Airtel users and utility bill payers
Benefits:
25% cashback on Airtel mobile, broadband & DTH payments
10% cashback on utility bill payments via Airtel Thanks app
1% cashback on other spends
1% fuel surcharge waiver (₹400–₹4,000 transactions, max ₹500/month)
Eligibility:
Salaried individuals with ₹25,000/month income, Credit Score 750+
Fees:
₹500 Joining Fee, ₹500 Annual Fee (waived on ₹2L spend/year), Late Fee ₹100–₹1,300
Axis Bank My Zone Credit Card
★★★★☆ (4.0/5)
Ideal for entertainment enthusiasts
Benefits:
Complimentary SonyLIV Premium subscription
Flat ₹120 off on Swiggy (twice a month)
Complimentary lounge access
1% fuel surcharge waiver (₹400–₹4,000 transactions)
Eligibility:
Salaried individuals with ₹25,000/month income, Credit Score 750+
Fees:
₹500 Joining Fee, ₹500 Annual Fee (waived on ₹2L spend/year), Late Fee ₹100–₹1,300
Axis Bank Neo Credit Card
★★★☆☆ (3.8/5)
Ideal for beginners and online shoppers
Benefits:
10% off on Myntra, BookMyShow & Zomato
5% off on utility bill payments
1% fuel surcharge waiver (₹400–₹4,000 transactions)
Eligibility:
Salaried individuals with ₹25,000/month income, Credit Score 750+
Fees:
₹250 Joining Fee, ₹250 Annual Fee (waived on ₹1L spend/year), Late Fee ₹100–₹1,300
AU Bank Zenith Credit Card
★★★★☆ (4/5)
*Waiver on spends over ₹50,000/year
Benefits:
Up to 5% Cashback
₹1,000 Welcome Bonus
₹500 Fuel Waiver/month
Lounge Access
Dining Discounts
₹999 Annual Fee (waived*)
Eligibility:
₹25,000/month income, Credit Score 750+
Fees:
₹999 Annual Fee (waived*), ₹500 Late Fee approx.
AU Bank Business Credit Card
★★★★☆ (4/5)
★★★☆☆ (3.8/5)
*Designed for entrepreneurs and small business owners
Benefits:
Up to 2% Cashback on business spends
₹500 Welcome Cashback on first transaction
Fuel Surcharge Waiver up to ₹200/month
Free Add-on Cards
RuPay Offers & UPI Credit Card Compatibility
Eligibility:
₹25,000/month income, Self-employed or Business Owners, Credit Score 700+
Fees:
₹499 Annual Fee (waived on ₹40,000 annual spend), ₹500 Late Payment Fee approx.
ICICI Coral Credit Card
★★★★☆ (4.2/5)
Best for movie lovers & frequent travelers
Benefits:
2 reward points per ₹100 spent
25% off on 2 movies/month via BookMyShow & INOX
1 free domestic lounge + 1 railway lounge access quarterly
1% fuel surcharge waiver at HPCL
Exclusive dining offers & chip-enabled security
Eligibility:
Age 21–58 years (salaried)
Minimum ₹15,000 monthly income
Fees:
Joining fee ₹500 + GST
Annual fee ₹500 + GST (waived on ₹1.5L annual spend)
SBI Simply Click Credit Card
★★★★☆ (4.3/5)
Best for online shoppers seeking accelerated rewards on digital spends
Benefits:
10X Reward Points on online spends at partner merchants (Amazon, BookMyShow, Cleartrip, Dominos, Myntra, Netmeds, Yatra, Apollo 24/7)
5X Reward Points on other online spends
1X Reward Point per ₹100 on offline spends
₹500 Amazon gift voucher on payment of joining fee
Cleartrip e-vouchers worth ₹2,000 on annual online spends of ₹1L and ₹2L
1% fuel surcharge waiver on transactions between ₹500–₹3,000 (max ₹100/month)
Eligibility
Minimum ₹20,000/month income, Credit Score 700+
Fees
₹499 Joining & Annual Fee (waived on ₹1L spend/year), Late Fee ₹100–₹1,300
ICICI Bank Mine Goibibo Credit Card
★★★★☆ (4.3/5)
Best for frequent travelers aur Goibibo users
Benefits:
Goibibo par domestic flights par flat 6% instant discount (up to ₹800)
Goibibo par domestic hotels par flat 7% instant discount (up to ₹5,000)
Zomato, Swiggy, Amazon, PVR, BookMyShow, Myntra, MakeMyTrip, Ola, BigBasket par 5% cashback
Fuel surcharge waiver at HPCL pumps
Complimentary airport aur railway lounge access eligibility ke hisaab se
Eligibility:
Salaried ya self-employed professionals
Minimum monthly income ₹15,000
Fees:
Joining fee ₹500 + GST
Annual fee ₹500 + GST (waived on ₹1.5L annual spend)
ICICI Bank HPCL Credit Card
★★★★☆ (4.4/5)
Best for regular fuel and utility bill payments
Benefits:
5% cashback on HPCL fuel via ICICI POS or HP Pay
5% rewards on utilities and departmental stores
2 reward points per ₹100 on other spends
Movie discount ₹100 twice a month
1 lounge access/quarter on ₹75K spend
₹2L accident cover (RuPay only)
Eligibility:
Age 21–65 years
Salaried or self-employed with good credit score
Fees:
Joining fee ₹500 + GST
Annual fee ₹500 + GST (waived on ₹1.5L spend)
Tata Neu HDFC Plus Credit Card
★★★★☆ (4.5/5)
Best for Tata brand fans wanting high rewards
Benefits:
2% NeuCoins on Tata Neu & partner brands (non-EMI spends)
1% NeuCoins on non-Tata brand spends & EMI transactions
1% NeuCoins on UPI spends via RuPay (max ₹500/month)
Additional 5% NeuCoins on Tata Neu App/Website with NeuPass
Welcome benefit: 499 NeuCoins on first transaction within 30 days
4 complimentary domestic lounge visits per year (1 per quarter)
1% fuel surcharge waiver (up to ₹250/month)
Eligibility
Salaried 21–60 years with ₹25,000+ monthly income
Self-employed 21–65 years with ₹6 lakh+ annual income
Fees
Joining fee ₹499 + GST
Annual fee ₹499 + GST waived on ₹1 lakh annual spend
AU Bank Business Credit Card
★★★★☆ (4/5)
★★★☆☆ (3.8/5)
*Designed for entrepreneurs and small business owners
Benefits:
Up to 2% Cashback on business spends
₹500 Welcome Cashback on first transaction
Fuel Surcharge Waiver up to ₹200/month
Free Add-on Cards
RuPay Offers & UPI Credit Card Compatibility
Eligibility:
₹25,000/month income, Self-employed or Business Owners, Credit Score 700+
Fees:
₹499 Annual Fee (waived on ₹40,000 annual spend), ₹500 Late Payment Fee approx.
Axis Bank Flipkart Credit Card
★★★★☆ (4.5/5)
Ideal for Flipkart shoppers and online spenders
Benefits:
5% cashback on Flipkart & Myntra
4% cashback on Swiggy, Uber & PVR
1.5% cashback on other spends
4 complimentary lounge visits/year
1% fuel surcharge waiver (₹400–₹4,000 transactions, max ₹500/month)
Eligibility:
Salaried individuals with ₹25,000/month income, Credit Score 750+
Fees:
₹500 Joining Fee, ₹500 Annual Fee (waived on ₹3.5L spend/year), Late Fee ₹100–₹1,300
Axis Bank Indian Oil Credit Card
★★★★☆ (4.0/5)
Ideal for moderate fuel spenders and online shoppers
Benefits:
20 EDGE Reward Points per ₹100 spent at IOCL fuel outlets (₹100–₹5,000/month)
5 EDGE Reward Points per ₹100 on online shopping (₹100–₹5,000/month)
1 EDGE Reward Point per ₹100 on other spends
1% fuel surcharge waiver (₹400–₹4,000 transactions, max ₹50/month)
100% cashback up to ₹250 on first fuel transaction within 30 days
10% off on BookMyShow tickets, 15% off on dining via EazyDiner
Eligibility:
₹25,000/month income, Credit Score 750+
Fees:
₹500 Joining & Annual Fee (waived on ₹3.5L spend/year), Late Fee ₹100–₹1,300
SBI IRCTC Platinum Credit Card
★★★★☆ (4/5)
Best for regular train travelers and IRCTC users
Benefits:
10% value back on IRCTC bookings, 350 bonus RP on activation, 8 complimentary railway lounge visits/year, 1% fuel surcharge waiver, low annual fee
Eligibility
₹20,000/month income, Credit Score 700+
Fees
₹500 Annual Fee, ₹500 Late Payment Fee approx
Most Applied. Most Trusted. Most Affordable.
Top Low-Fee Credit Cards That Deliver Maximum Value for Under ₹500
Not sure which budget-friendly card to pick? Start with the ones users apply for the most. This list features the most popular and frequently chosen low annual fee credit cards (under ₹500) by CardMela users — selected for their everyday usability, high approval rates, and unmatched value at a low cost.
From cashback and rewards to lounge access and partner discounts, these cards pack serious benefits without burning a hole in your pocket. Whether you’re new to credit or just want an affordable second card, these top picks deliver.
Why These Are Favourites
Consistent Benefits
Even with a low fee, these cards offer strong returns — cashback, brand discounts, and fuel waivers that actually add up.
High Approval Rates
Simple eligibility, fast onboarding, and good issuer reputation make these cards the go-to for thousands of users.
Low Commitment, Big Perks
Most cards offer spend-based annual fee waivers, so you often end up paying nothing if you use the card regularly.
Reliable Issuers
Top banks like SBI, Axis, ICICI, and IDFC FIRST — with proven customer service and digital tools.
Who Picks These?
First-time credit card applicants with limited income
Online shoppers and OTT subscribers on a budget
Students and young professionals building credit
Smart spenders who want more value at less cost
Explore the Most Popular Low-Fee Credit Cards Today
CardMela helps you compare features, check eligibility, and apply online with ease. Low annual fees. Transparent terms. Real benefits.
Your perfect budget card is just a click away — only on CardMela.com.
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