1. IDFC FIRST Hello Cashback Credit Card
Annual fee ₹1,000 · Rewards up to 3% · You keep ₹5,040* a year
Forex markup: None
The IDFC FIRST Hello Cashback Credit Card is issued against a fixed deposit from ₹10,000. It gives 3% to 5% cashback on online spends and 1% on in-store and UPI spends, with no foreign currency markup.
- 3% on online shopping
- 1% on other spends
2. MakeMyTrip ICICI Bank Credit Card
Annual fee ₹999 · Rewards up to 6% · You keep ₹3,120* a year
Forex markup: None
The MakeMyTrip ICICI Bank Credit Card pays up to 6% back as myCash on MakeMyTrip hotels and 3% on flights, and from 10 November 2026 it charges no markup on foreign currency spends. Both a Mastercard and a RuPay card are issued, so you can also pay by UPI.
- 3% on MakeMyTrip
- 1% on other spends
3. slice UPI Credit Card
Annual fee Free · Rewards up to 1% · You keep ₹3,120* a year
Forex markup: None
The slice UPI Credit Card is a lifetime free RuPay card from slice small finance bank that gives 1% back on most spends, by card or UPI, with no forex markup. It suits people who want a simple free card for everyday UPI payments.
- 1% on other spends
4. HPCL FIRST Power+ Credit Card
Annual fee ₹499 · Rewards up to 5% · You keep ₹2,520* a year
Forex markup: None
The HPCL FIRST Power+ Credit Card gives 5% back as reward points on HPCL fuel, grocery, utility bills and IDFC FIRST FASTag, plus 1.5% more on HPCL fuel paid through the HP Pay app. It costs ₹499 a year, reversed on ₹1.5 lakh of yearly spends.
- 5% on HPCL pumps
- 5% on groceries
- 5% on bills and utilities
- 0.5% on other spends
5. IDFC FIRST Classic Credit Card
Annual fee Free · Rewards up to 1.25% · You keep ₹2,220* a year
Forex markup: None
The IDFC FIRST Classic Credit Card is a lifetime free card with 10X Reward Points on dining, travel, international spends and spends on your birthday. The bank describes it as an option for first-time card users.
- 1.25% on dining and food delivery
- 1.25% on travel
- 0.13% on bills and utilities
- 0.38% on other spends
6. IDFC FIRST Millennia Credit Card
Annual fee Free · Rewards up to 1.25% · You keep ₹2,220* a year
Forex markup: None
The IDFC FIRST Millennia Credit Card is a lifetime free card with 10X Reward Points on dining, travel, international spends and spends on your birthday. It charges no forex markup.
- 1.25% on dining and food delivery
- 1.25% on travel
- 0.13% on bills and utilities
- 0.38% on other spends
7. IDFC FIRST Select Credit Card
Annual fee Free · Rewards up to 1.25% · You keep ₹2,220* a year
Forex markup: None
The IDFC FIRST Select Credit Card is a lifetime free card with 10X Reward Points on dining, travel, international spends and spends on your birthday. It also gives domestic airport and railway lounge visits, based on spends, and zero forex markup.
- 1.25% on dining and food delivery
- 1.25% on travel
- 0.13% on bills and utilities
- 0.38% on other spends
8. IDFC FIRST WOW! Black Credit Card
Annual fee ₹750 · Rewards up to 0.67% · You keep ₹2,083* a year
Forex markup: None
The IDFC FIRST WOW! Black Credit Card is issued against a fixed deposit from ₹20,000. It has zero foreign currency markup, reward points that never expire, and 1 domestic lounge visit a quarter.
- 0.17% on bills and utilities
- 0.67% on other spends
9. HPCL FIRST Power Credit Card
Annual fee ₹199 · Rewards up to 3.5% · You keep ₹2,078* a year
Forex markup: None
The HPCL FIRST Power Credit Card is the lower-fee sibling of the Power+: ₹199 a year instead of ₹499, waived on just ₹50,000 of yearly spends, but it earns 3.5% as points on HPCL fuel instead of 5% and has no lounge access. Grocery, utility bills and IDFC FIRST FASTag earn 2.5%, and there is no foreign currency markup.
- 3.5% on HPCL pumps
- 2.5% on groceries
- 2.5% on bills and utilities
- 0.33% on other spends
10. IDFC FIRST EARN Credit Card
Annual fee ₹499 · Rewards up to 5.5% · You keep ₹1,560* a year
Forex markup: None
The IDFC FIRST EARN Credit Card is a virtual RuPay card issued against a fixed deposit from ₹5,000. It gives 0.5% to 1% cashback on UPI and online spends, up to ₹500 a cycle, with zero forex markup, so it suits people building a credit history.
- 0.5% on other spends
11. IDFC FIRST WOW! Credit Card
Annual fee Free · Rewards up to 0.5% · You keep ₹1,560* a year
Forex markup: None
The IDFC FIRST WOW! Credit Card is a lifetime free card issued against a fixed deposit of at least ₹20,000. It needs no income proof or credit history, and it charges no forex markup.
- 0.13% on bills and utilities
- 0.5% on other spends
12. IDFC FIRST Bank Mayura Credit Card
Annual fee ₹5,999 · Rewards up to 1.67%
Forex markup: None
The IDFC FIRST Bank Mayura Credit Card is a metal card with zero forex markup, 5X to 10X reward points that never expire, and up to 4 domestic lounge visits a quarter. It costs ₹5,999 a year plus GST.
- 0.17% on bills and utilities
- 0.83% on other spends
- 1.67% on spends above ₹20,000 a month
13. HSBC Premier Credit Card
Annual fee Free · Rewards up to 3% · You keep ₹9,360* a year
Forex markup: 0.99% + GST
The HSBC Premier Credit Card earns 3 reward points per ₹100, worth ₹1 each on Apple products or HSBC Travel with Points, with unlimited airport lounge access and a 0.99% forex markup. It is only for HSBC Premier customers, who pay no annual fee.
- 3% on other spends
14. Times Black ICICI Bank Credit Card
Annual fee ₹20,000 · Rewards up to 0.8%
Forex markup: 1.49% + GST
The Times Black ICICI Bank Credit Card is ICICI's super-premium card made with Times Internet, with a low 1.49% forex markup on foreign spends. Most of its value comes from luxury stays, gift cards and milestone experiences claimed in the Times Black app, for a ₹20,000 fee.
- 0.8% on bills and utilities
- 0.8% on other spends
15. IndusInd Bank Tiger Credit Card
Annual fee Free · Rewards up to 2.4% · You keep ₹2,592* a year
Forex markup: 1.5% + GST
The IndusInd Bank Tiger Credit Card is lifetime free, with reward points that rise from 1 to 6 per ₹100 as your yearly spend grows, a 1.5% forex markup, and 8 domestic and 2 international lounge visits a year.
- 0.4% on other spends
- 0.8% on spends above ₹1,00,000 a year
- 1.6% on spends above ₹2,50,000 a year
- 2.4% on spends above ₹5,00,000 a year
16. Axis Bank Reserve Credit Card
Annual fee ₹50,000 · Rewards up to 1.5%
Forex markup: 1.5% + GST
The Axis Bank Reserve Credit Card is a super-premium card with a ₹50,000 fee, unlimited lounge visits for you and add-on holders, 50 free golf rounds a year and a low 1.5% forex markup. It earns 15 EDGE Reward points per ₹200, and double that on international spends.
- 1.5% on other spends
17. IndusInd Bank Legend Credit Card
Annual fee Free · Rewards up to 0.5% · You keep ₹1,560* a year
Forex markup: 1.8% + GST
The IndusInd Bank Legend Credit Card earns 1 reward point per ₹100 on weekdays and 2 on weekends, worth ₹0.50 each, with a 1.8% forex markup. It has a ₹5,000 joining fee and no annual fee.
- 0.5% on other spends
18. HSBC Live+ Credit Card
Annual fee ₹999 · Rewards up to 10% · You keep ₹12,840* a year
Forex markup: 1.99% + GST
The HSBC Live+ Credit Card suits people who spend on food, groceries and bills. It gives 10% cashback on those spends, up to ₹1,200 a month, and 1.5% on most other spends with no limit.
- 10% on dining and food delivery
- 10% on groceries
- 10% on bills and utilities
- 1.5% on other spends
- SBI CardTata Neu Infinity SBIVISA
19. Tata Neu Infinity SBI Credit Card
Annual fee ₹1,499 · Rewards up to 5% · You keep ₹4,680* a year
Forex markup: 1.99% + GST
The Tata Neu Infinity SBI Credit Card gives 5% back as NeuCoins on the Tata Neu app and partner Tata brands, and 1.5% on other eligible spends. 1 NeuCoin equals ₹1 of savings.
- 5% on Tata Neu brands
- 5% on BigBasket
- 1.5% on bills and utilities
- 1.5% on other spends
20. Amazon Pay ICICI Bank Credit Card
Annual fee Free · Rewards up to 5% · You keep ₹3,120* a year
Forex markup: 1.99% + GST
The Amazon Pay ICICI Bank Credit Card is lifetime free and gives 5% back on Amazon.in for Prime members (3% without Prime) and 1% on other spends, credited as Amazon Pay balance. It suits people who shop on Amazon often.
- 3% on Amazon
- 2% on Amazon
- 1% on other spends
21. SBI ELITE Credit Card
Annual fee ₹4,999 · Rewards up to 2.5%
Forex markup: 1.99% + GST
The SBI ELITE Credit Card is a premium card that gives 10 reward points per ₹100 on dining, groceries and department stores and 2 points on other spends. It also comes with a ₹5,000 welcome voucher, movie tickets and lounge access.
- 2.5% on groceries
- 2.5% on dining and food delivery
- 0.5% on other spends
22. SBI MILES ELITE Credit Card
Annual fee ₹4,999 · Rewards up to 1.5%
Forex markup: 1.99% + GST
The SBI MILES ELITE Credit Card gives 3 Travel Credits per ₹100 on travel spends and 1 on other spends, which you can move to airline miles and hotel points. It also gives spend-based domestic lounge visits and 6 visits outside India.
- 1.5% on travel
- 0.5% on other spends
23. SBI Card AURUM
Annual fee ₹9,999 · Rewards up to 1%
Forex markup: 1.99% + GST
SBI Card AURUM is a premium card that earns 4 reward points per ₹100 (1% back) plus large milestone vouchers, with unlimited international lounge access and a 1.99% forex markup. The ₹9,999 fee is waived on ₹12 lakh of yearly spends.
- 1% on other spends
24. BOBCARD ETERNA Credit Card
Annual fee ₹2,499 · Rewards up to 3.75% · You keep ₹8,820* a year
Forex markup: 2% + GST
The BOBCARD ETERNA Credit Card gives 15 reward points per ₹100 (3.75% back) on dining, travel, international and online spends, and unlimited domestic lounge access. From 1 September 2026 it has no joining fee, and the ₹2,499 annual fee is waived on ₹2.5 lakh of yearly spends.
- 3.75% on dining and food delivery
- 3.75% on travel
- 3.75% on online shopping
- 0.75% on other spends
25. BOBCARD TIARA Credit Card
Annual fee ₹2,499 · Rewards up to 3.75% · You keep ₹5,940* a year
Forex markup: 2% + GST
The BOBCARD TIARA is a women-only RuPay credit card that gives 15 reward points per ₹100 (3.75% back) on dining, travel and international spends, plus quarterly shopping and salon discounts. The ₹2,499 fee is waived on ₹25,000 of spends in the first 60 days and on ₹2.5 lakh each year.
- 3.75% on dining and food delivery
- 3.75% on travel
- 0.75% on other spends
26. Tata Neu Infinity HDFC Bank Credit Card
Annual fee ₹1,499 · Rewards up to 5% · You keep ₹4,680* a year
Forex markup: 2% + GST
The Tata Neu Infinity HDFC Bank Credit Card gives 5% back as NeuCoins on Tata Neu and partner Tata brands, and 1.5% on most other spends. NeuCoins are worth ₹1 each but can be used only on Tata Neu and eligible Tata brands.
- 5% on Tata Neu brands
- 1.5% on other spends
27. Standard Chartered Ultimate Credit Card
Annual fee ₹5,000 · Rewards up to 3.33% · You keep ₹3,851* a year
Forex markup: 2% + GST
The Standard Chartered Ultimate Credit Card pays a flat 5 reward points per ₹150, with each point worth ₹1, which is about 3.3% back on most spends. The ₹5,000 fee comes back as 5,000 points each year, and you also get golf, lounge visits and a 2% forex markup.
- 2% on bills and utilities
- 2% on groceries
- 3.33% on other spends
28. Kotak Air+ Credit Card
Annual fee ₹3,000 · Rewards up to 5% · You keep ₹2,700* a year
Forex markup: 2% + GST
The Kotak Air+ Credit Card earns 2 Air Miles per ₹100 on most spends and 5 per ₹100 on flights and hotels booked through Kotak Unbox, where 1 mile is worth ₹1. It suits travellers who book through Kotak Unbox, with 2,500 bonus miles a year, a 2% forex markup and 6 lounge visits.
- 5% on Kotak Unbox travel
- 2% on other spends
29. Kotak 811 Dream Different Credit Card
Annual fee Free · Rewards up to 2% · You keep ₹2,640* a year
Forex markup: 2% + GST
The Kotak 811 Dream Different Credit Card is issued against a Kotak fixed deposit, so you can get it without income proof or a credit score, with a limit of up to 90% of the FD. It has no annual fee and pays 2% cashback in any billing cycle where you spend ₹15,000, up to ₹500.
- 0% on other spends
- 2% on spends above ₹15,000 a month
30. HDFC Bank Regalia Gold Credit Card
Annual fee ₹2,500 · Rewards up to 6.25% · You keep ₹950* a year
Forex markup: 2% + GST
The HDFC Bank Regalia Gold Credit Card suits people who travel and spend ₹4 lakh or more a year. It gives 5 reward points per ₹200, a 2% forex markup and lounge visits in India and abroad.
- 6.25% on Myntra, Nykaa, Reliance Digital, Marks & Spencer
- 1.25% on groceries
- 1.25% on other spends
31. HDFC Bank Diners Club Black Metal Edition Credit Card
Annual fee ₹10,000 · Rewards up to 6.67%
Forex markup: 2% + GST
The HDFC Bank Diners Club Black Metal Edition Credit Card is a premium card for high spenders who travel. It earns 5 reward points per ₹150, worth up to ₹1 each on flights and hotels, with unlimited lounge access and a 2% forex markup.
- 3.33% on other spends
32. HDFC Bank Infinia Metal Credit Card
Annual fee ₹12,500 · Rewards up to 3.33%
Forex markup: 2% + GST
The HDFC Bank Infinia Metal Credit Card earns 5 reward points per ₹150, worth ₹1 each on SmartBuy flights and hotels, with unlimited lounge access worldwide and a 2% forex markup. It is by invitation only, and the ₹12,500 fee is waived on ₹10 lakh of yearly spends.
- 3.33% on groceries
- 3.33% on bills and utilities
- 3.33% on other spends
33. ICICI Bank Emeralde Private Metal Credit Card
Annual fee ₹12,499 · Rewards up to 3%
Forex markup: 2% + GST
The ICICI Bank Emeralde Private Metal Credit Card is an invite-only metal card for the bank's private banking customers, where each point is worth up to ₹1 on flight and hotel vouchers. It gives 3 points per ₹100, 12,500 bonus points every year, a 2% forex markup and unlimited lounge visits for you and add-on members.
- 3% on bills and utilities
- 3% on groceries
- 3% on other spends
34. Axis Bank Magnus Credit Card
Annual fee ₹12,500 · Rewards up to 3.5%
Forex markup: 2% + GST
The Axis Bank Magnus Credit Card is a premium card for people who spend heavily and travel often. It gives 12 EDGE Reward points per ₹200, and 35 per ₹200 on spends above ₹1.5 lakh in a month.
- 1.2% on other spends
- 3.5% on spends above ₹1,50,000 a month
Compare these cards
| Card | Forex markup | Joining fee | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|---|---|
| IDFC FIRST Hello Cashback Credit Card | None | Free | ₹1,000 | 3% | ₹5,040* |
| MakeMyTrip ICICI Bank Credit Card | None | ₹999 | ₹999 | 6% | ₹3,120* |
| slice UPI Credit Card | None | Free | Free | 1% | ₹3,120* |
| HPCL FIRST Power+ Credit Card | None | ₹499 | ₹499 | 5% | ₹2,520* |
| IDFC FIRST Classic Credit Card | None | Free | Free | 1.25% | ₹2,220* |
| IDFC FIRST Millennia Credit Card | None | Free | Free | 1.25% | ₹2,220* |
| IDFC FIRST Select Credit Card | None | Free | Free | 1.25% | ₹2,220* |
| IDFC FIRST WOW! Black Credit Card | None | ₹750 | ₹750 | 0.67% | ₹2,083* |
| HPCL FIRST Power Credit Card | None | ₹199 | ₹199 | 3.5% | ₹2,078* |
| IDFC FIRST EARN Credit Card | None | ₹499 | ₹499 | 5.5% | ₹1,560* |
| IDFC FIRST WOW! Credit Card | None | Free | Free | 0.5% | ₹1,560* |
| IDFC FIRST Bank Mayura Credit Card | None | ₹5,999 | ₹5,999 | 1.67% | -₹3,880* |
| HSBC Premier Credit Card | 0.99% + GST | ₹12,000 | Free | 3% | ₹9,360* |
| Times Black ICICI Bank Credit Card | 1.49% + GST | ₹20,000 | ₹20,000 | 0.8% | -₹21,104* |
| IndusInd Bank Tiger Credit Card | 1.5% + GST | Free | Free | 2.4% | ₹2,592* |
| Axis Bank Reserve Credit Card | 1.5% + GST | ₹50,000 | ₹50,000 | 1.5% | -₹54,320* |
| IndusInd Bank Legend Credit Card | 1.8% + GST | ₹5,000 | Free | 0.5% | ₹1,560* |
| HSBC Live+ Credit Card | 1.99% + GST | ₹999 | ₹999 | 10% | ₹12,840* |
| Tata Neu Infinity SBI Credit Card | 1.99% + GST | ₹1,499 | ₹1,499 | 5% | ₹4,680* |
| Amazon Pay ICICI Bank Credit Card | 1.99% + GST | Free | Free | 5% | ₹3,120* |
| SBI ELITE Credit Card | 1.99% + GST | ₹4,999 | ₹4,999 | 2.5% | -₹2,419* |
| SBI MILES ELITE Credit Card | 1.99% + GST | ₹4,999 | ₹4,999 | 1.5% | -₹3,619* |
| SBI Card AURUM | 1.99% + GST | ₹9,999 | ₹9,999 | 1% | -₹8,679* |
| BOBCARD ETERNA Credit Card | 2% + GST | Free | ₹2,499 | 3.75% | ₹8,820* |
| BOBCARD TIARA Credit Card | 2% + GST | ₹2,499 | ₹2,499 | 3.75% | ₹5,940* |
| Tata Neu Infinity HDFC Bank Credit Card | 2% + GST | ₹1,499 | ₹1,499 | 5% | ₹4,680* |
| Standard Chartered Ultimate Credit Card | 2% + GST | ₹5,000 | ₹5,000 | 3.33% | ₹3,851* |
| Kotak Air+ Credit Card | 2% + GST | ₹3,000 | ₹3,000 | 5% | ₹2,700* |
| Kotak 811 Dream Different Credit Card | 2% + GST | ₹424 | Free | 2% | ₹2,640* |
| HDFC Bank Regalia Gold Credit Card | 2% + GST | ₹2,500 | ₹2,500 | 6.25% | ₹950* |
| HDFC Bank Diners Club Black Metal Edition Credit Card | 2% + GST | ₹10,000 | ₹10,000 | 6.67% | -₹1,410* |
| HDFC Bank Infinia Metal Credit Card | 2% + GST | ₹12,500 | ₹12,500 | 3.33% | -₹4,360* |
| ICICI Bank Emeralde Private Metal Credit Card | 2% + GST | ₹12,499 | ₹12,499 | 3% | -₹5,389* |
| Axis Bank Magnus Credit Card | 2% + GST | ₹12,500 | ₹12,500 | 3.5% | -₹11,006* |
How to choose a low forex markup credit card
- The markup itself. GST of 18% is added on top of it.
- Whether rewards are paid on foreign spends, and at what rate.
- Any fee when you pay in rupees to a shop or website based abroad.
- The annual fee, since some zero markup cards are premium cards.
How we ranked these cards
We work out what each card pays on ₹26,000 a month of everyday spending with some travel, then take off the renewal fee with GST. We count rewards only up to each limit. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there. Cards are sorted by forex markup, lowest first, and then by this yearly value. Welcome gifts and lounge visits are left out. What a bank pays us plays no part. Your own result will differ, so try the credit card finder with your spending.
The bank alone decides approval and your credit limit.
Frequently asked questions
What is a forex markup on a credit card?
A fee, shown as a share of the amount, that the bank adds when you pay in a foreign currency. GST of 18% is charged on the markup.
Is a zero forex markup card fully free abroad?
There is no markup, but other charges can apply, such as interest, cash withdrawal fees and charges set by the shop or ATM.
Should I pay in rupees or the local currency abroad?
Shops abroad sometimes offer to charge you in rupees. Their exchange rate is often worse, and some banks still add a fee, so paying in the local currency is usually better on a low markup card.
Do these cards earn rewards on foreign spends?
Many do, but some pay a different rate or none. Check the card page.
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms. Fees are before GST.
Some Apply buttons are partner links. What a bank pays us never changes the order or any figure. How we make money