Synopsis: This article explains how you should use your credit card without paying interest and some credit cards that can help you not pay much interest.
Regarding credit cards, there are two perceptions among people. One says credit cards are a debt trap, and the other says credit cards are good. The reality is that a person who knows how to use credit cards with proper financial discipline and does not overspend can handle the credit card. The Two main ways credit cards provide interest-free financing are through the interest-free grace period, and no-cost EMI schemes.
Understanding the Interest free Period
The interest free period, also known as the grace period, typically ranges from 18 to 55 days depending on when you make your purchase within the billing cycle.
How the Grace period works
The interest free period consists of two components: your billing cycle(usually 30 days) plus an additional grace period (typically 18-25 days after the statement is generated). If your billing cycle runs from May1 to May 31, and your payment due date is June20, a purchase made on May 2 would give you approximately 49 days of interest free credit. However, a purchase made on May 30 would only provide about 21 days.
Best Credit Cards for Interest-Free Financing
1. HDFC Bank Infinia Credit Card
- Interest Free Period: Up to 50 days
- Benefits of Holding these credit cards: Premium rewards, global lounge
- Annual Fee: ₹12,500 (waived ₹10L spend)
2. Standard Chartered Smart Credit Card
- Interest Free Period: Up to 90 days (intro offer)
- Benefits of Holding these credit cards: 2% cash back on online spends, EMI conversion
- Annual Fee: ₹499
3. Axis Bank Flipkart Credit Card
- Interest Free Period: Up to 50 days
- Benefits of Holding these credit cards: 5% cash back on Flipkart, no-cost EMI
- Annual Fee: ₹500(waived offers)
4. HDFC Millenia Credit Card
- Interest Free Period:Up to 50 days
- Benefits of Holding these credit cards: 5% cashback on Amazon, Flipkart, Zomato, and EasyEMI
- Annual Fee: ₹1,000 (waived ₹1L spend)
5. ICICI Amazon Pay Credit Card
- Interest Free Period: Up to 50 days
- Benefits of Holding these credit cards: 5% cashback (prime), no-cost EMI on Amazon
- Annual Fee: Lifetime Free
Also read: Best 5 Credit Cards in India 2025: Handpicked Options for Cashback, Discounts & More
6. IDFC FIRST Wealth Credit Card
- Interest Free Period: Up to 48 days
- Benefits of Holding these credit cards: 0% interest ATM withdrawals, lifetime free
- Annual Fee: Lifetime Free
7. SBI SimplyCLICK Credit card
- Interest Free Period: Up to 50 days
- Benefits of Holding these credit cards: Accelerated rewards on Amazon Cleartrip
- Annual Fee: ₹499
| Credit Card | Interest Free Period | Benefits of Holding these credit cards | Annual Fee |
| HDFC Bank Infinia Credit Card | Up to 50 days | Premium rewards, global lounge | ₹12,500(waived ₹10L spend) |
| Standard Chartered Smart Credit Card | Up to 90 days (intro offer) | 2% cash back on online spends, EMI conversion | ₹499 |
| Axis Bank Flipkart Credit Card | Up to 50 days | 5% cash back on Flipkart, no-cost EMI | ₹500(waived offers) |
| HDFC Millenia Credit Card | Up to 50 days | 5% cashback on Amazon, Flipkart, Zomato, and EasyEMI | ₹1,000 (waived ₹1L spend) |
| ICICI Amazon Pay Credit Card | Up to 50 days | 5% cashback (prime), no-cost EMI on Amazon | Lifetime Free |
| IDFC FIRST Wealth Credit Card | Up to 48 days | 0% interest ATM withdrawals, lifetime free | Lifetime Free |
| SBI SimplyCLICK Credit card | Up to 50 days | Accelerated rewards on Amazon Cleartrip | ₹499 |
Conclusion
Honestly, a credit card is just a tool, and you’re the one in control. By mastering the basics like the interest free period and no-cost EMI, you can enjoy credit for free and stack up rewards, transforming the card from a scary debt trap into a serious financial benefit.
Written by Yatheendra N
The post Best Interest-Free Credit Cards in India: HDFC Millennia & 6 More Cards appeared first on Trade Brains.