Best Credit Cards Under ₹500 Fee
Updated March 2026 · 122 cards evaluated
For under ₹500/year, these cards deliver surprising value — from cashback to lounge access.
Quick Answer
The best card in this category is ixigo AU Credit Card (Score: 8.9/10) — lifetime free, up to 5% rewards. Runner-up: Scapia Federal Credit Card (8.7/10).
AU Small Finance Bank · Lifetime Free · Up to 5% rewards
Up to 10% discount on flights, buses & hotels via ixigo
Federal Bank · Lifetime Free · Up to 10% rewards
Zero forex markup on a FREE card
HDFC · ₹500/yr · Up to 10% rewards
10% cashback on Swiggy orders
IndusInd · Lifetime Free · Up to 7.2% rewards
Buy 1 Get 1 movie tickets
IDFC FIRST · Lifetime Free · Up to 6% rewards
1.5% forex markup
IDFC FIRST · Lifetime Free · Up to 3% rewards
Low 1.99% forex markup at entry-level pricing
ICICI · ₹500/yr · Up to 10% rewards
10 Reward Points per Rs 100 on CSK match days
Axis · ₹500/yr · Up to 5% rewards
5% cashback on Flipkart & Myntra
Axis · ₹500/yr · Up to 25% rewards
Annual fee ₹500 (waiver: Spend ₹2L/year)
HDFC · ₹500/yr · Up to 5% rewards
5 Reward Points per Rs 100 on IRCTC bookings (5% value back)
How We Ranked These Cards
We evaluated 122 cards matching this category criteria, scored them using the CardTrail Score methodology (net value, feature depth, bank trust, accessibility), and ranked by relevance. All data is from official bank sources, verified March 2026.