Best Zero Interest Credit Cards in India (2025)

What Are Zero Interest Credit Cards—and Why Should You Care?

Imagine using a credit card for a big-ticket purchase—laptop, travel, medical bill—and paying zero interest for 3, 6, or even 12 months. That’s the promise of zero interest credit cards.

These cards offer:

• 0% interest for a limited period (introductory offer)
  
• Ideal for EMI purchases or balance transfers
  
• Help you avoid debt or consolidate existing high-interest dues
  

Whether you’re a salaried professional, freelancer, student, or small business owner, zero interest cards can give you serious breathing room—if you use them smartly.

Disclaimer: This post contains affiliate links, which means we may earn a commission if you apply through our link — at no extra cost to you. We only recommend offers we genuinely believe add value.

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Quick Summary: Top Zero Interest Credit Cards (2025)

Credit Card	0% Interest Offer	Ideal For	Annual Fee	Additional Highlights
HSBC Platinum	3 months on new purchases	First-time users	₹0	Amazon voucher, fuel waiver, lounge access
Axis MyZone	3-month EMI offers	Gadget & electronics buyers	₹500 (waived)	BOGO movies, dining deals
SBI SimplyCLICK	60-day balance transfer	Online shoppers with card debt	₹499	10X rewards on Amazon & BookMyShow
HDFC MoneyBack+	50 days interest-free	Everyday shopping	₹500	Cashback, SmartBuy offers
ICICI Platinum Chip	48-day cycle	Beginners, salaried	₹0	No fee, fraud protection

✅ Note: These offers may change. Always verify with the issuing bank before applying.

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 Why Do Zero Interest Credit Cards Matter?

In India, credit card interest can go as high as 42% p.a. If you carry forward your dues, you’re burning money.

Here’s what zero interest credit cards can offer:

• Short-term liquidity: Buy now, pay later with no penalty.
  
• Debt optimization: Shift high-interest dues to a zero-cost card.
  
• Safe EMIs: Convert large spends into bite-sized, interest-free EMIs.
  

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🔍 In-Depth Card Reviews & Features Breakdown

1. HSBC Platinum Credit Card – Best for First-Time Users

Key Features & Benefits:

✅ 0% Interest for Up to 90 Days on New Purchases
Perfect for big-ticket spends like electronics, travel bookings, or medical bills—offers immediate breathing space with no cost financing for up to three months.

🎁 ₹500 Amazon Voucher on First Transaction
A welcome gift that’s easy to claim—just use your card once and receive a voucher, making your onboarding experience instantly rewarding.

💳 Lifetime Free Card
No joining fee, no renewal charges—ever. A rare feature that makes this card extremely attractive for long-term usage with zero maintenance cost.

🚗 Fuel Surcharge Waiver (Up to ₹250/month)
Enjoy savings on petrol and diesel across all fuel stations. Particularly useful for daily commuters and road-trippers.

🛫 1 Free Domestic Airport Lounge Access per Quarter
Relax during your travels with complimentary access to select domestic lounges—ideal for freelancers or professionals who fly frequently.

🔐 Fraud Protection & Instant SMS Alerts
Real-time transaction alerts and chip-enabled security ensure safe usage and transparency, especially for first-time credit users.

📊 Detailed Monthly Statements & EMI Conversion Option
Stay in control of your expenses and convert large purchases to EMIs with ease via HSBC’s online banking or app.

Who Should Get This?
This card is ideal for:

• First-time credit card applicants
  
• Salaried professionals managing larger monthly expenses
  
• Freelancers or remote workers who want flexibility with zero interest
  

Its lifetime-free status and initial 0% offer make it a low-risk, high-reward entry into the credit ecosystem.

Apply for HSBC Platinum Credit Card

2. Axis Bank MyZone Credit Card – Best for Lifestyle + EMI Combo

Key Features & Benefits:

📦 0% Interest EMIs on Eligible Purchases Over ₹2,500
Enjoy no-cost EMI on Flipkart, Amazon, Croma, Tata CLiQ, and other top merchants. Ideal for festive shopping or high-value electronics.

🎬 Buy 1 Get 1 Free Movie Tickets (Paytm)
Get up to ₹200 off per month on movie tickets—an unbeatable entertainment benefit for couples and film lovers.

🍽️ 15% Off on Dining with Axis Dining Delights
Get real savings when dining out at 4,000+ partner restaurants across India. A great perk for foodies and weekend diners.

🚘 Fuel Surcharge Waiver (Up to ₹400/month)
Save 1% on fuel transactions at all fuel stations—helpful for daily commuters or weekend riders.

🧾 Contactless Payments + Tap to Pay Enabled
Pay with a single tap at enabled terminals—faster checkouts and safer transactions.

📱 Axis Bank App Integration with EMI Control
Convert purchases to EMI directly from the app, track your spends, set card limits, and block card instantly if needed.

💰 Annual Fee: ₹500 (Waived on ₹5,000 Spend in First 45 Days)
A low barrier to entry—easily waived with one big purchase or two average-size ones.

Who Should Get This?

• Millennials and Gen Z consumers who spend on movies, food, gadgets
  
• Salaried professionals who prefer EMI convenience without interest
  
• Anyone looking for a balanced card that combines lifestyle rewards and short-term financing
  

Apply for My Zone Credit Card

3. SBI SimplyCLICK Credit Card – Best for Balance Transfers

Key Features & Benefits:

🔁 0% Interest for 60 Days on Balance Transfers
Transfer outstanding balances from other cards and pay no interest for 2 months—ideal for clearing dues without pressure.

💸 10X Reward Points on Amazon, BookMyShow, Cleartrip, Apollo24x7
Earn faster rewards when spending online—especially if you’re a digital shopper.

🎁 ₹500 Amazon Voucher on Annual Milestone Spend of ₹1 Lakh
A practical incentive to reward regular usage with an extra gift.

💰 Annual Fee: ₹499 (Waived on ₹1 Lakh Annual Spend)
The fee pays for itself with regular spending—especially through online purchases.

🛡️ Secure Online Transactions + OTP Protection
SBI’s digital infrastructure ensures safe usage across all online platforms, especially for frequent users of shopping apps.

📈 Earn Points, Convert to Gift Vouchers or Products
Reward points can be easily redeemed via SBI’s online portal—giving real value back on every swipe.

📋 Monthly e-Statements and Spend Analyzer
Track your spending habits and optimize rewards. Perfect for those managing budgets or recovering from debt.

Who Should Get This?

• Users with existing credit card debt who want to pause interest
  
• Online shoppers spending heavily on Amazon and movie tickets
  
• Budget-conscious users who want rewards without high annual fees
  

Apply for SBI Simply Click Credit Card

4. HDFC MoneyBack+ Credit Card – Best for Daily Spenders

Key Features & Benefits:

⏳ 50-Day Interest-Free Period on Purchases
Gives you more time to repay every billing cycle—perfect for monthly budgeting.

💵 10X Cashback on Groceries, Bill Payments via PayZapp & SmartBuy
Save more on daily expenses—groceries, mobile/DTH recharges, electricity bills, etc.

🎁 Milestone Bonus on Every ₹50,000 Spent
Hit spending targets and unlock accelerated cashback bonuses.

📱 Instant EMI Conversion on Purchases Over ₹10,000
Turn your bigger spends into zero/minimal-cost EMIs via net banking or app.

🧾 Earn & Redeem Points Easily
Reward points can be redeemed against cash credit, gifts, or vouchers—adding flexible value.

🔒 Zero Liability on Lost Card If Reported Promptly
Secure spending guaranteed—ideal for cautious users.

📑 Paperless Application and e-KYC Process
Get approved faster with minimal documentation.

Who Should Get This?

• Salaried professionals with stable monthly expenses
  
• Regular online grocery & utility bill payers
  
• Those seeking short-term liquidity with meaningful cashback
  

5. ICICI Platinum Chip Credit Card – Best for Beginners

Key Features & Benefits:

⏱️ 48-Day Interest-Free Credit Period
Use your card for nearly 1.5 months without paying interest—as long as the full bill is paid before the due date.

❌ Zero Joining & Annual Fees
No cost at all, ever. Perfect starter card to begin your credit journey.

🔒 EMV Chip & PIN Security + OTP Authentication
Advanced security tech for all transactions—online or in-store.

🛒 Accepted Nationwide & Globally
Accepted at 1 million+ merchants in India and 30+ million outlets worldwide.

📲 ICICI iMobile App Support
Real-time alerts, credit limit controls, EMI conversions, and rewards—all within the app.

📧 E-Statements & SMS Alerts
Stay informed and organized—track your spends, due dates, and more.

📤 Utility Bill Auto-Pay Facility
Set and forget recurring expenses like electricity, broadband, or mobile recharges.

Who Should Get This?

• First-time credit card users
  
• College graduates or early jobbers
  
• Budget-conscious users looking to build a credit profile without incurring any charges
  

Also Check Out > Best Balance Transfer Cards to Get Rid of Credit Card Debt Fast

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When Should You Use Zero Interest Credit Cards?

Scenario	Benefit	Recommended Card
Planning a destination wedding	Use 0% EMI for jewelry, decor, travel	Axis MyZone / HDFC MoneyBack+
Paying medical bills	Avoid personal loan interest	HSBC Platinum
Migrating debt from another card	Save 2–3% monthly interest	SBI SimplyCLICK
Buying home appliances	Convert to no-cost EMI	Axis MyZone
Need a temporary cash flow solution	50-day float for bills or rent	ICICI Platinum / HDFC MoneyBack+

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🔧 Mini Guide: How to Make the Most of Zero Interest Credit Cards

Here’s your Zero Interest Smart Strategy:

✅ Step 1: Understand the Type of Offer

• Purchase-based: Buy a product, pay over 3 months (e.g., Axis MyZone)
  
• Balance transfer: Move debt from one card to another at 0% (e.g., SBI SimplyCLICK)
  
• Interest-free window: Pay the full bill before due date (e.g., ICICI/HDFC)
  

✅ Step 2: Set Alerts

• Use your bank’s app to set payment reminders
  
• Track the end of zero interest period—don’t wait until it’s too late
  

✅ Step 3: Avoid Revolving Credit

• If you miss full payment, banks will charge 30–42% interest
  
• Use only if you’re confident of paying within the 0% term
  

✅ Step 4: Convert Wisely to EMIs

• Opt for 0% EMIs only for big purchases
  
• Don’t overuse EMI—makes you reliant on monthly debt
  

✅ Step 5: Review Before You Swipe

• Confirm if your transaction qualifies for zero interest
  
• Ask customer support or check T&C in mobile app
  

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Frequently Asked Questions (FAQs)

Q1. How long does the zero interest period usually last?

Most cards offer an introductory 0% interest period of 30 to 90 days on new purchases or balance transfers. Some cards extend this for up to 180 days on specific EMI offers. Always read the fine print or refer to your welcome kit.

Q2. Do I need a good credit score to qualify for a zero interest credit card?

Generally, yes. A credit score of 700 or above is preferred. However, entry-level cards like ICICI Platinum Chip may be more lenient and are suitable for first-time applicants or those with limited credit history.

Q3. Can I apply if I already have another credit card?

Yes. In fact, banks often provide balance transfer offers to users with existing cards. Holding multiple cards is not a problem as long as you maintain a good repayment record and credit utilization ratio.

Q4. What happens if I miss a payment during the zero interest period?

If you miss even one payment:

• Your 0% benefit is revoked
  
• Interest charges (30–42% p.a.) are retroactively applied from the date of the transaction
  
• A late fee and penalty interest may also be charged
  
• Your credit score may take a hit
  

Q5. Are zero interest credit cards really free of all charges?

Not always. While interest is waived for a set period:

• Joining/annual fees may apply
  
• Late payment fees, cash withdrawal charges, and GST are still applicable
  
• Some EMIs may have processing fees, even if the interest is 0%
  

Q6. Is no-cost EMI the same as zero interest?

Not exactly.

• Zero interest = You pay no interest at all.
  
• No-cost EMI = Interest may be factored into the product price, or the brand/bank bears the cost. Always verify if there are processing fees, hidden charges, or inflated MRPs.
  

Q7. Can I use a zero interest card for cash withdrawals?

Technically yes, but not recommended.
Cash advances from credit cards:

• Do not enjoy zero interest
  
• Incur interest from Day 1
  
• Include cash withdrawal fees (2.5–3% of amount)
  

Q8. Can I convert all transactions into 0% EMIs?

No. Only eligible transactions (often above ₹2,500 or ₹5,000) qualify, and only with select merchants or during partner sales. You must:

• Use your bank app/website to convert within a time window (usually 30–60 days)
  
• Check if the merchant is eligible for 0% EMI with your card
  

Q9. How do I track my interest-free period or EMI schedule?

Use:

• Your credit card statement to track billing cycles
  
• The bank’s mobile app to set payment reminders
  
• Calendar alerts or auto-debit setups to avoid late payments Many banks show a live countdown of your EMI or promotional offer in the app dashboard.
  

Q10. Can I prepay a zero interest EMI?

Yes, in most cases you can pre-close or foreclose your EMI. However:

• Some banks charge a foreclosure fee (usually 2–3%)
  
• You may lose reward points associated with the EMI plan
  

Q11. Can I use a zero interest card abroad or for international purchases?

Yes, but:

• 0% interest may not apply to foreign currency transactions
  
• A foreign transaction fee (usually 2.5–3.5%) is applicable
  
• EMIs and BT offers are generally limited to domestic transactions
  

Q12. Is it better to go for zero interest cards or reward-heavy cards?

It depends on your usage:

• If you’re making a large purchase or consolidating debt, go for a zero interest card
  
• If you’re spending regularly and pay in full each cycle, a high-reward card may give more value
  

Some users opt for both—a zero interest card for utility and a reward card for benefits.

Q13. Can I apply for a second zero interest card while using one?

Yes, if your credit score and income support it. Just ensure:

• You don’t overextend your credit limit
  
• You can repay both card bills comfortably Multiple zero-interest offers can help strategically manage purchases or debt, but only with discipline.
  

Q14. Will my credit score improve if I use a zero interest card wisely?

Absolutely. Timely repayments and smart utilization can:

• Build a positive credit history
  
• Improve your credit score over time
  
• Unlock better loan and card offers in the future
  

Even if the card is “interest-free,” responsible usage counts toward your credit profile.

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🚀 Final Thoughts: Zero Interest Cards Are a Smart Tool—If You Play It Right

Zero interest credit cards aren’t just helpful—they’re strategic. Whether you’re planning a big purchase, tackling debt, or just need some financial flexibility, the right card can save you thousands.

Don’t just swipe—swipe smart.

Also Check Out > Best Business Credit Cards in India (2025 Edition)