Best credit card for online shopping under ₹2,00,000 annual fee
Rajarajeshwari Doshi
Asked 14 Apr 2026
Please recommend a credit card with annual fee under ₹60,000 that excels at lounge access. I prefer Visa/Mastercard over RuPay for wider acceptance.
2 Answers
I closed my HDFC card last year. The process took exactly 7 days. They sent a confirmation email and a closure letter by speed post. Tip: pay off the full outstanding and request closure only AFTER the payment reflects. Calling repeatedly with a zero balance is the fastest path.
Short answer: no, EMI on credit card is not cheaper than a personal loan for large amounts (>₹50,000). The processing fee (~₹199-₹599) plus the interest (~14-16% reducing) usually adds up to slightly more than a personal loan rate of 11-13%. But for small-ticket EMI (₹10-20K), it is fine.
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