Freo review

The annual fee is INR 0, and the model is listed as no annual fee, so keeping the card costs nothing in fees. The cost shows up when you borrow, with interest charged at 13% APR on a balance.

Freo charges 13% APR on its credit. That is at the cheaper end of the credit group on the site, whose rate is 20.85%. A balance still costs money, so the card is cheap to hold and cheaper to borrow than most of the field.

Rewards are the feature listed for the card, so spending on the account is rewarded rather than charged. That sits on top of an annual fee of INR 0, which keeps the card cheap to hold. Check the reward rate and the 13% APR together, since both change what you keep.

It is a credit card, not a debit or prepaid account, so it works on a line of credit rather than on your own balance. The annual fee of INR 0 is the only listed charge for holding it, while repayments and interest at 13% APR govern how it is used.

Support runs on help centre only, so questions go through the help centre rather than a phone line or live chat. That suits people who are comfortable reading answers in their own time, and anything urgent about a repayment is worth raising early.

Freo is run by MWYN Tech Private Limited, with its headquarters in India. The company lists its base as the country it serves, so the credit product and the support around it sit in the same market, which matters if you compare cards across borders.

Freo's annual fee is INR 0. Varo Believe Secured Credit Card lists $0 and Chime Card lists $0, so the holding fees line up. The product is what differs: Freo lends at 13% APR, while the other two are secured cards.

Freo suits borrowers in India who want a credit card with an annual fee of INR 0, interest of 13% APR and rewards on spending. It also suits people who are happy to be self service, since support runs on help centre. It is a weaker fit if you need a secured card.