Top 10 0% APR Credit Cards in India for Interest Savings
31 Jan 2026 9 mins Credit Cards
In today's financial landscape, managing credit effectively is not just advantageous; it's essential. One of the most appealing options for consumers is 0% APR credit cards. These cards can help you save significantly on interest payments, especially during times of financial strain. For those looking to make informed decisions about their credit options, understanding the landscape of best credit cards available in India is crucial. In this article, we will delve into the top 10 0% APR credit cards, covering their features, benefits, and eligibility criteria. You'll also find actionable tips to maximize the advantages these credit cards offer, making your financial journey smoother.
Understanding 0% APR Credit Cards
0% APR credit cards are financial products that offer an interest rate of 0% for a specified period, typically ranging from 6 to 24 months. They are designed to provide relief from interest charges, allowing cardholders to pay off their balances more easily or make larger purchases without the immediate burden of interest. This feature can be especially beneficial in various situations, such as:
Large Purchases: 0% APR cards allow you to make significant purchases without worrying about accruing interest. For instance, if you plan to buy a high-value item worth ₹60,000, using a 0% APR card can help you spread payments over 12 months without any interest, effectively costing you ₹5,000 per month.
Debt Consolidation: Transferring existing balances from high-interest credit cards to a 0% APR card can reduce your overall interest payments. For example, if you have ₹50,000 in credit card debt at an interest rate of 36% per annum, moving this balance to a 0% APR card can save you thousands in interest payments during the introductory period.
Cash Advances: Some 0% APR cards also offer cash advance options at zero interest, providing immediate liquidity. However, it’s vital to understand the implications and fees associated with cash advances, as they can vary significantly between card issuers.
However, it’s essential to read the fine print, as these cards often come with fees and conditions that can affect their overall value. Understanding the implications of cash advances and balance transfers is also crucial for making the most of these financial tools. For example, if a card has a balance transfer fee of 3% but offers a 0% APR for 12 months, calculate whether the savings from interest outweigh the cost of the fee.
Criteria for Selecting the Best 0% APR Credit Cards in India
When choosing a 0% APR credit card, several factors should be considered to ensure it meets your financial needs effectively:
1. Introductory Period Duration
The length of the 0% APR period is a significant factor. Look for cards that offer longer interest-free durations, allowing you more time to pay off your balance without incurring interest. For example, a card offering 24 months of 0% APR can provide ample time compared to one offering only 6 months, especially if you anticipate needing more time to pay down a large purchase.
2. Fees and Charges
Examine the annual fees, transaction fees for balance transfers, and any other hidden charges. A card with a higher fee might not be worth it if the benefits do not outweigh the costs. For instance, if a card charges an annual fee of ₹2,500 but offers substantial rewards and a long 0% APR period, it may still be a good choice, especially if you plan to make large purchases.
3. Credit Limit
Your credit limit will determine how much you can spend or transfer. Ensure that the card offers a limit that aligns with your financial requirements. If you are looking to transfer a significant balance, a higher credit limit will be necessary to accommodate this without adversely affecting your credit utilization ratio.
4. Rewards and Benefits
Some 0% APR cards come with additional perks, such as cashback, travel rewards, or discounts on partner merchants. Evaluate these benefits against your spending habits to maximize your rewards. For example, if you frequently travel, a card that offers complimentary airport lounge access or travel insurance can provide additional value beyond the interest savings.
5. Conditions for Maintaining 0% APR
Familiarize yourself with the terms that could lead to losing the 0% APR benefit, like missed payments or exceeding your credit limit. These conditions can quickly turn a beneficial card into a costly one. For instance, missing a payment could result in the card issuer revoking the 0% APR and applying the standard interest rate retroactively, which can lead to unexpected financial burdens.
Top 10 0% APR Credit Cards in India
Here’s a detailed list of the top 10 0% APR credit cards available in India, along with their unique features:
1. HDFC Bank Regalia Credit Card
The HDFC Regalia card offers a 0% interest rate on balance transfers for up to 12 months. It comes with a host of benefits, including travel insurance, lounge access, and reward points on every spend. Additionally, it provides complimentary membership to various lifestyle services, making it ideal for frequent travelers.
2. Axis Bank Ace Credit Card
This card provides a 0% APR on balance transfers for the first 3 months. It also offers cashback on utility payments, making it a solid choice for regular spenders. Users can earn 2% cashback on all online transactions and 1% on offline spends, which can significantly enhance savings over time.
3. SBI Card Elite
SBI Card Elite offers an introductory 0% APR on balance transfers for 12 months. It also provides exclusive access to premium lounges and concierge services. The cardholders can earn up to 5% cashback on select categories, adding further value to its offerings.
4. ICICI Bank Platinum Credit Card
The ICICI Platinum card allows for a 0% APR on cash advances for the first 6 months. It comes with cashback on various categories, enhancing its value. With a flexible repayment option and access to exclusive deals, it stands out among entry-level credit cards.
5. Citibank Rewards Card
Citibank’s Rewards Card offers 0% APR for balance transfers for up to 6 months, along with generous reward points on every transaction. Users can earn up to 10x reward points on select categories, which can be redeemed for various products and services, making it a versatile option for savvy spenders.
6. Standard Chartered Manhattan Platinum Card
This card features a 0% APR on balance transfers for 12 months and provides cashback on grocery purchases, making it ideal for everyday expenses. With a robust rewards program, cardholders can earn points on all spends, which can further enhance their savings.
7. Kotak Mahindra Bank Platinum Card
The Kotak card offers a 0% interest rate on cash advances for up to 3 months, along with attractive cashback on online shopping. With the ability to earn points for every transaction, this card is particularly beneficial for those who frequently shop online.
8. RBL Bank Platinum Card
RBL Bank's offering includes a 0% APR on balance transfer for 6 months and valuable reward points on all purchases. The card provides access to exclusive offers and discounts, making it a good fit for those who enjoy dining and shopping.
9. YES Bank Prosperity Rewards Card
This card provides a 0% APR on cash advances for the first 6 months and features a robust rewards program for frequent spenders. With additional benefits such as discounts on dining and shopping, it is well-suited for lifestyle-oriented consumers.
10. IndusInd Bank Platinum Card
IndusInd Bank’s card offers a 0% APR on balance transfers for the first year and comes with various lifestyle benefits, including dining discounts. It also provides complimentary insurance cover and access to exclusive events, enhancing its appeal for premium users.
Maximizing the Benefits of 0% APR Credit Cards
To truly benefit from 0% APR credit cards, consider the following strategies:
Plan Your Payments: Create a repayment plan that allows you to pay off your balance before the introductory period ends. Consider setting up automatic payments to avoid missing deadlines.
Use for Large Purchases: Take advantage of the 0% APR for large purchases, ensuring you can spread the cost over several months without accruing interest. This can be particularly useful for expenses such as home renovations or major appliances.
Monitor Your Spending: Keep track of your spending habits to avoid exceeding your credit limit, which could lead to losing your 0% APR benefit. Use budgeting apps or tools to monitor your transactions efficiently.
Consider Balance Transfers Wisely: If transferring balances, ensure you understand the fees involved and the duration of the 0% APR offer. Always compare the total cost of the transfer against the interest you would pay on your existing debt.
Key Insights
0% APR credit cards can provide significant savings on interest payments, especially for large purchases or debt consolidation.
Choosing the right card involves evaluating the introductory period, fees, credit limits, and additional benefits to optimize savings.
Maximizing the benefits requires careful planning, monitoring of spending habits, and understanding the terms associated with balance transfers and cash advances
Frequently Asked Questions
What is a 0% APR credit card?
A 0% APR credit card is a card that offers a 0% interest rate for a limited introductory period, allowing you to make purchases or transfer balances without accruing interest.
How long does the 0% APR last?
The duration of the 0% APR period can vary, typically lasting between 6 to 24 months, depending on the card issuer and the specific card. It’s essential to choose a card that aligns with your financial needs and repayment capabilities.
Are there fees associated with 0% APR credit cards?
Yes, many 0% APR credit cards come with annual fees, balance transfer fees, and other charges that should be considered before applying. Always read the terms and conditions to understand the total costs involved.
Can I get cash advances on 0% APR credit cards?
Some 0% APR credit cards offer cash advances at 0% interest for a limited time, but this is not universally applicable to all cards. Be sure to check the specifics of the card you are considering.
What happens after the 0% APR period ends?
Once the introductory period ends, the standard interest rate will apply to any remaining balance, which can be significantly higher. It's essential to pay off the balance before this period ends to avoid incurring high-interest charges.
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Author - Abhishek Sonawane
Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.