Best Interest Rates
Credit cards with the lowest APR for revolving credit users, balance carriers, and EMI purchases.
306 cards ranked | Updated December 2025
Key Ranking Factors
Annual percentage rate
Interest-free days
Rate relative to fee
Visa Imperio
8.28% APR
9.00% APR
9.00% APR
FIRST Vistara Signature
9.00% APR
LIC IDFC FIRST Select
9.00% APR
FIRST Premia
9.00% APR
FIRST Wealth
9.00% APR
9.00% APR
9.00% APR
9.00% APR
LIC IDFC FIRST Classic
9.00% APR
IDFC FIRST Private
9.00% APR
9.99% APR
IDFC FIRST Millennia
9.99% APR
Axis Bank Burgundy Private
19.56% APR
YES Private
21.00% APR
HDFC BizBlack
23.88% APR
23.88% APR
HDFC Diners Club Black Metal Edition
23.88% APR
ICICI Emeralde
23.88% APR
HDFC Infinia Metal Edition
23.88% APR
23.88% APR
Canara Bank Mastercard World Credit Card
30.00% APR
Canara Bank Platinum Credit Card
30.00% APR
Signet Credit Card
30.00% APR
30.00% APR
30.00% APR
30.00% APR
Mastercard Imperio
32.28% APR
Mastercard Celesta
32.28% APR
Visa Celesta
32.28% APR
PNB RuPay Millennial Credit Card
35.40% APR
PNB Pride RuPay Platinum
35.40% APR
35.40% APR
PNB Patanjali RuPay Platinum
35.40% APR
PNB Rakshak Plus RuPay Platinum
35.40% APR
PNB RuPay Platinum Credit Card
35.40% APR
PNB Visa Gold Credit Card
35.40% APR
PNB RuPay Select Credit Card
35.40% APR
PNB Rakshak Plus RuPay Select
35.40% APR
35.89% APR
36.00% APR
36.00% APR
Union Bank Divaa Credit Card
36.00% APR
Union Bank JCB Health Credit Card
36.00% APR
Union Bank Visa Gold Credit Card
36.00% APR
Canara Bank RuPay Select Credit Card
36.00% APR
Why Interest Rates Matter
If you ever carry a balance or use EMI conversion, interest rate becomes the most important factor. A 40% APR can quickly negate all reward earnings.
Most Indian credit cards charge 24-42% APR. Finding lower rates can save thousands annually if you occasionally carry balances.
How We Rank Interest Rates
Lower APR = Better. We also consider:
- Base APR (70%): The standard interest rate charged
- Interest-free period (20%): Longer grace periods help avoid interest entirely
- Value adjustment (10%): Same APR on cheaper card ranks higher
Base APR
Lower is betterGrace Period
Longer is betterFinding Low-Interest Cards
- APR under 30%: Anything below this is relatively competitive
- Long interest-free period: 45-55 days gives more time to pay without interest
- Promotional rates: Some cards offer 0% intro APR for balance transfers
Who Needs Low Interest
- Those who sometimes carry balances
- Users planning large EMI purchases
- Anyone doing balance transfers
- Users building credit who might miss payments
Minimizing Interest Costs
- Pay in full: The best interest rate is 0%—pay your full balance monthly
- Understand grace period: Pay by due date to avoid interest on new purchases
- Avoid cash advances: These often have higher rates and no grace period
Interest Rate FAQ
What's a good APR for credit cards?
In India, APRs typically range from 24-42%. Anything under 30% is competitive. Some bank-specific cards for existing customers offer rates as low as 12-18%.
Bottom Line
Low interest rates matter most if you carry balances. For those paying in full monthly, rewards and benefits matter more than APR. Know your usage pattern before prioritizing interest rates.