Updated on - 01 October 2024 

Lifetime Free Credit Cards (No Annual Fee)

A lifetime free credit card does not charge an annual fee. They may charge a fee for extra services such as a hard copy of the itemized bill, or they may have some conditions for receiving the card. But there is no annual or joining fee.

Here are some of the most important lifetime-free credit cards available in India for you to choose from.

Best Lifetime Credit Cards in India 2024

You can choose a no-annual-fee credit card if you are a responsible spender and want a credit card with basic but comprehensive benefits. It will reduce your annual card maintenance cards while still providing regular credit card benefits.

Credit Card Annual Fee Advantages

FinBooster: YES BANK - BankBazaar Co-branded Credit Card

NIL

Tracking credit scores, building credit reports, and rewards

RBL Bank BankBazaar SaveMax Credit Card

NIL

Credit Advisory Report, reward points

IndusInd Bank Platinum Card

NIL (a joining fee may be applicable, however)

Travel, golf, entertainment, fuel

FinBooster: YES BANK - BankBazaar Co-branded Credit Card

NIL

Tracking credit scores, building credit reports, and rewards

HSBC Visa Platinum Card

NIL

Dining, Shopping, Fuel

Kotak Fortune Gold Credit Card

NIL

High cash limit, Fuel, Movie tickets

SBI Unnati Credit Card

NIL (For 1st four years)

Basic

Bank of Baroda Prime Credit Card

NIL

Cashback on daily spending

RBL Insignia Preferred Banking World Credit Card

NIL

Rewards on shopping and dining
IDFC First Select Credit Card NIL Online shopping and credit card offers

Now let’s take a detailed look at each of these free credit cards.

FinBooster: YES BANK - BankBazaar Co-branded Credit Card

The FinBooster: YES Bank - BankBazaar Co-branded Credit Card assists you in establishing a high credit score and good credit behavior. You receive regular credit fitness reports, which provide you with information about your financial health.

Suitable for: Those who want to improve their credit and gain access to the Credit Fitness Tracker.

Joining Fee Nil
Annual Fee Nil
Other Benefits & Features

  • Information to help improve your credit score

  • No reward point cap and points never expire

  • Accidental death insurance coverage of up to Rs.2.5 Lakh

  • 1% fuel surcharge waiver 

  • Convert transactions into EMIs

  • On-call EMI services

  • Loan facility within the card limit

  • Share earned reward points with friends and family

  • Reward points converted into cash will be deposited directly into your savings account

RBL Bank BankBazaar SaveMax Credit Card

The RBL Bank BankBazaar SaveMax Credit Card is a free credit card for life that offers a variety of appealing rewards and cashback. The card also includes a free monthly credit advisory on BankBazaar, which will assist you in tracking your spending and monitoring your credit score. The credit card also allows balance transfers, EMI conversion, and pre-approval loans.

Suitable for: New credit card users who want help in tracking and monitoring their spending.

Joining Fee Nil
Annual Fee Nil
Other Benefits & Features

  • Convert all expenditures over Rs.2,500 into simple EMIs

  • Deposit funds into your account immediately through Xpress Cash

  • 10% cashback (up to Rs.100 every month on each merchant) on BookMyShow and Zomato transactions

  • EMI Infinity Pass offers up to 100% off the Split n Pay Fee

  • Manage your credit card, pay utility bills, get merchant offers, and get instant loan facilities through the RBL Bank MyCard App

  • Make contactless payments of up to Rs.5,000 in retail outlets quickly and securely

  • Earn 5x reward points on grocery purchases (maximum 1000 reward points per month)

  • Receive 1 reward point for every Rs.100 spent on other categories

HSBC Visa Platinum Credit Card 

The HSBC Visa Platinum Credit Card provides benefits in a variety of lifestyle categories such as dining, shopping, and so on.

Suitable for: People who use their credit cards regularly for dining, shopping, and other day-to-day expenses.

Joining Fee Nil
Annual Fee Nil
Other Benefits & Features

  • Get a Rs.5,000 Amazon voucher as an introductory offer

  • Get up to 3 complimentary airport lounge access at domestic and international airports

  • Get a 50% discount (up to Rs.100) on your first Google Pay transaction

  • Get a 10% cashback up to Rs.2,000 when you complete 5 transactions worth Rs.10,000 within the first 60 days of receiving your card

  • Earn 2 reward points for every Rs.150 spent on the card

  • 5X reward points after exceeding the spending limit of Rs.4 Lakh to a maximum of Rs.10 Lakh in a year

  • Fuel surcharge waived off (up to Rs.250 per month) for transactions between Rs.400 to Rs.4,000

  • Movie ticket voucher worth Rs.500 on monthly spends of over Rs.50,000

  • Up to 15% off dining bills at over 1,000 major city restaurants

IndusInd Bank Platinum Card

IndusInd Bank Platinum Card provides benefits across various categories including travel, lifestyle, entertainment, etc. Pay the joining fee and enjoy the benefits offered by the card lifetime for free. 

Suitable for: People who enjoy travel a lot.

Joining Fee NIL, when you apply through BankBazaar.com. For others, it is Rs.3,000. 
Annual Fee Nil
Other Benefits & Features

  • Get gift vouchers from global brands including EazyDiner, MakeMyTrip, Vouchagram, ALDO, Urban Ladder, Jet Airways, Satya Paul, and others as a joining bonus.

  • No-cost golf lessons by qualified instructors at select golf clubs

  • Pre-trip assistance, exclusive booking, hotel reservations, and other concierge services

  • Complimentary priority pass membership with access to over 700 airport lounges worldwide

  • Get insurance to protect yourself from unauthorized transactions and counterfeit fraud

  • Redeem your reward points for hotel stay vouchers, cash credit, air miles, and products from Indus Moments

SBI Unnati Credit Card

The SBI Card Unnati, which is issued against a minimum fixed deposit of Rs.25,000, is ideal for people with no credit history.

Suitable for: First-time credit card applicants with no credit history. 

Joining Fee Nil
Annual Fee NIL, for the first four years
Other Benefits & Features

  • Get 1 reward point for every Rs.100 spent

  • Spend Rs.50,000 per year and receive an Rs.500 cashback

  • Waiver of 1% fuel surcharge applicable to transactions between Rs.500 and Rs.3,000

  • Redeem reward points for a wide range of gifts from the rewards catalog

Kotak Fortune Gold Credit Card

The Kotak Fortune Gold Credit Card, which is only available to businessmen, provides basic credit card benefits such as fuel discounts and ticket booking.

Suitable for: People looking for a basic credit card.

Joining Fee Nil
Annual Fee Nil
Other Benefits & Features

  • Spend Rs.1,50,000 in a year and get 4 free PVR tickets or Rs.750 cashback

  • Increased cash limit of up to 50% of the credit card limit

  • No 1% fuel surcharge and no 1.8% railway ticket booking surcharge

  • For a lost credit card, a credit shield cover worth Rs.50,000 is provided

Bank of Baroda Prime Credit Card

This Bank of Baroda Prime Credit Card is ideal for those looking for cashback on everyday purchases.

Suitable for: People looking for cashback returns.

Joining Fee Nil
Annual Fee Nil
Other Benefits & Features

  • This card is issued in exchange for a fixed deposit of Rs.15,000 or more

  • Redeem rewards in exchange for cash credit

  • Convert transactions worth more than Rs.2,500 into simple EMIs

  • Every month, a fuel surcharge of up to Rs.250 is waived off

RBL Insignia Preferred Banking World Credit Card

This RBL Insignia Preferred Banking World Credit Card is ideal for people who want to save money on shopping, dining, and entertainment.

Suitable for: People who want to enjoy a luxurious lifestyle and also save money.

Joining Fee Nil
Annual Fee Nil
Other Benefits & Features

  • 10x reward points for international purchases and 5x reward points for domestic purchases

  • Priority pass membership grants access to over 1,000 international airport lounges

  • Get a Rs.500 discount on BookMyShow every month

  • Dining discounts at selected partner restaurants

  • Complimentary golf rounds with a 50% discount on green fees

  • Shopping, dining, entertainment, and golfing experiences

IDFC First Select Credit Card

IDFC First Select Credit Card offers a high reward with no annual fee. It gives reward points on every billing cycle.

Suitable for: Frequent shoppers and travelers. 

Joining Fee Nil
Annual Fee Nil
Other Benefits & Features

  • Get 10x reward points on purchases exceeding Rs.20,000 per billing cycle

  • Get 10x reward points on birthday purchases

  • Get 6x reward points on online purchases

  • Get 3x reward points on offline purchases

  • Get an Rs.500 gift voucher after spending Rs.15,000 in the first 90 days

  • Get up to four domestic airport lounge visits per quarter

  • Get up to four railway lounge visits per quarter

  • 1.99% foreign exchange commission

Conclusion

A lifetime free credit card, as the name implies, has no annual fee, i.e. there are no annual charges on these cards. Many people begin their credit journey with a free credit card because they appear to be the most affordable and risk-free to them. 

Furthermore, a no-annual-fee credit card can help you save money and get more out of your credit card. In terms of the value, you derive from welcome bonuses, additional benefits, and special privileges, having zero annual fee credit cards could be a great prospect. 

Thus, these cards not only help you save money by avoiding the annual fee, but they also help you save a lot on your spending because almost every credit card comes with some sort of rewards/cashback programme that allows you to save every time you make a transaction.

Lifetime Free Credit Card in India Related FAQs

If you use a lifetime free credit card, there are no hidden fees. The bank is upfront about the fees associated with the card. You only pay for what you use.

A lifetime free credit card functions in the same way as any other credit card. If you fail to pay your bill on time, the bank will assess a late fee. If you continue to fail to pay your credit card bill on time, the bank will deactivate your card, lowering your credit score.

There is no application or annual fee for the FinBooster: YES BANK - BankBazaar Co-branded Credit Card.

You can find lifetime free credit cards offered by banks in India by conducting a simple Google search. You can also contact the bank with which you have an account and inquire about lifetime free credit cards. If you have a good relationship with your bank, they will most likely offer you a free credit card for life.

Yes, you can use your credit card abroad, but the fees will vary depending on the bank. As a result, check with your lender about the fees that may apply if you use your card abroad.

Yes, you can withdraw money from ATMs in India using your lifetime credit card.

You will receive 1,250 reward points as a welcome gift if you spend Rs.5,000 within the first 30 days of receiving the card.

Some of the best lifetime free credit cards  2022 are - IndusInd Bank Platinum Card, Kotak Fortune Gold Credit Card, HSBC Visa Platinum Card etc. Read the article to see more.

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