Lifetime Free Credit Card in India

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.

Comparison of No Annual Fee Credit Card in India

Discover the best lifetime credit cards in India. Choose a card based on your needs to earn reward points, cashback, a sign-up bonus, and other benefits.

Best lifetime free credit cards

While many luxury credit cards have an annual fee, there are a variety of cards that offer a wide range of benefits without charging a fee.

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.

The best lifetime free credit cards offered by top banks in India are listed below.

Credit Cards with No Annual Fees 2022 - Features and Benefits

FinBooster: YES BANK - BankBazaar Co-branded Credit Card

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

NIL Joining Fee

Fee for Renewal: NIL 

Advantages and features:

You will receive monthly credit fitness reports as well as a real-time dashboard to track your credit score with the FinBooster: YES Bank - BankBazaar Co-branded Credit Card. When you complete your first transaction with the FinBooster: YES Bank - BankBazaar Co-branded Credit Card, you will be granted this access.

• You have access to information that can help you improve your credit score.

• There is no reward point cap, and points never expire.

• Accidental death insurance provides coverage of up to Rs.2.5 lakh.

Options for reclaiming rewards:

• Online dining purchases earn you 5x reward points 

• Earn 3x reward points on online grocery and online apparel spending

• You get 2 reward points for every Rs.200 swiped for another retail spending, except for fuel expenses

• You can share the reward points you earn with your friends and family

• The reward points you convert into cash will be deposited directly into your savings account

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

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 for balance transfers, EMI conversion, and pre-approval loans.

 NIL Joining Fee

Fee for Renewal: NIL

Advantages and features:

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

• Xpress Cash allows you to deposit funds into your account immediately.

• 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 instant loans through the RBL Bank MyCard App.

• In retail outlets, contactless payments of up to Rs.5,000 can be made quickly and securely.

Options for reclaiming rewards:

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

• For every Rs.100 spent on other categories, you will receive 1 reward point.

HSBC Visa Platinum Credit Card 

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

NIL Joining Fee

Fee for Renewal: NIL

Introductory offers

• Get an Rs.5000 Amazon voucher

• Get up to 3 complimentary airport lounge access both at domestic as well as the international airport

• 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.

Advantages and features: 

• 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 Rs.10 lakh in a year.

• For transactions between Rs.400 and Rs.4000, the fuel surcharge is waived (up to Rs.250 per month).

• 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.

Options for redeeming reward points: Reward points can be redeemed for a variety of products listed in the rewards catalogue.

Suitable for: People who use their credit cards on a regular basis for dining, shopping, and other day-to-day expenses.

IndusInd Bank Platinum Card

Key Highlights: One of the best lifetime free credit card 2022 is 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. 

NIL Joining Fee (Only when you applied through BankBazaar.com). For others, it is Rs.3,000. 

Fee for Renewal: NIL

Joining Bonus: Gift voucher from global brands including EazyDiner, MakeMyTrip, Vouchagram, ALDO, Urban Ladder, Jet Airways, Satya Paul and several others.

Advantages and features:

• Golf lessons are provided at no cost by qualified instructors at select golf clubs in India.

• Pre-trip assistance, exclusive booking, hotel reservations, and other concierge services are among the travel benefits.

• 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

• Individuals looking for premium lifestyle benefits in a single card with less maintenance 

SBI Unnati Credit Card

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

NIL Joining Fee

There is no renewal fee. During the first four years 

Advantages and features:

For every Rs.100 spent, you will receive one reward point.

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

Option for reward redemption: Redeem reward points for a wide range of gifts from the rewards catalogue.

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

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.

NIL Joining Fee

Fee for Renewal: NIL

Advantages and features:

• Spend Rs. 1,50,000 in a year and get 4 free PVR tickets OR Rs. 750 cash back

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

• There will be no 1% fuel surcharge and a 1.8% railway ticket booking surcharge

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

Suitable for: People looking for a basic credit card will find this card useful.

Bank of Baroda Prime Credit Card

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

 NIL Joining Fee

Fee for Renewal: NIL

Advantages and features:

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

• Allows you to redeem rewards in exchange for cash credit

• Allows you to convert transactions worth more than Rs.2,500 into simple EMIs

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

Suitable for: People looking for cashback returns.

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.

NIL Joining Fee

Fee for Renewal: NIL

Advantages and 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

• Every month, get a Rs.500 discount on BookMyShow

• Dining discounts at selected partner restaurants

• Access to complimentary golf rounds with a 50% discount on green fees

• Shopping, dining, entertainment, and golfing experiences are all possible

IDFC First Select Credit Card

IDFC First Select Credit Card offers a high reward with no annual fee.

NIL Joining Fee

Fee for Renewal: NIL

Advantages and features:

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

• 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

Suitable for: Frequent shoppers and travelers.

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.