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In the realm of personal finance, credit cards are now a necessary instrument for simple and safe transactions. Choosing the best credit card for your requirements and financial objectives might be overwhelming, given India's wide variety of credit cards. However, the "Lifetime Free Credit Card" is one particular credit card kind that has dramatically increased in popularity in recent years.
What is a Lifetime Free Credit Card?
A Lifetime Free Credit Card, as its name implies, has no yearly fees for the duration of its use. It gives you the opportunity to take advantage of credit card offerings without incurring ongoing costs, making it an attractive option for many individuals.
List of Popular Lifetime Free Credit Cards
1. Amazon Pay ICICI Credit Card
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Amazon Pay ICICI Bank credit card is a lifetime free credit card, also a co-branded card issued by ICICI Bank in association with Amazon Pay and Visa.
The card is free for a lifetime and offers cashback for purchases made on Amazon, as well as for online and offline spending. The cashback is in the form of Amazon Pay Gift Cards redeemable into the Amazon Pay balance associated with your Amazon and is mainly intended to reward regular Amazon customers with prizes, free EMI, 15% off dining costs, a remission of the fuel levy, and other advantages.
Features
|
Welcome Bonus |
Prime users get rewards worth ₹2000, non-prime users get rewards worth ₹1500, and 3 months of Amazon Prime membership. |
|
Fuel Surcharge Waiver |
1% fuel fee waiver at all petrol stations in India (as long as the transaction doesn't cost more than ₹4,000). |
|
Cashback Benefits |
For Amazon Prime members, there is a 5% cashback in the form of an Amazon Pay balance on any purchase made from Amazon’s website. For non-prime members, there is 3% cashback in the form of Amazon Pay Balance. |
|
Reward Benefits |
At the end of the payment cycle, earned reward points are deposited to the Amazon Pay balance, where 1 reward point equals ₹1. |
|
Dining Benefits |
A minimum of 15% off on dining bills at restaurants participating in ICICI Bank’s Culinary Treats programme. |
Fees and Charges
|
Joining Fees |
Free |
|
Annual Fees |
Free |
|
Annual Percentage Rate |
42.00% |
|
Foreign Transaction Fees |
3.50% |
Eligibility
Applicant's age should be at least 21 years, and their monthly income should be at least ₹25,000.
2. IDFC FIRST Bank Select Credit Card
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IDFC FIRST Bank Select Credit Card is a premium offering that provides exceptional benefits and privileges without any joining or annual fees. Carefully tailored to suit your lifestyle and spending habits, this credit card ensures that you earn reward points that never expire. With competitive interest rates ranging from 0.75% to 2.99% per month, the IDFC FIRST Select Credit Card combines the features of a luxury credit card with a modern touch.
Features
|
Welcome Bonus |
Welcome gift vouchers of ₹500 once you spend ₹15,000 within the first 90 days of issuing your card. Also, a 5% cashback is given on the first EMI transaction if performed within the first 90 days of setting up your card. |
|
Fuel Surcharge Waiver |
A 1% surcharge waiver on fuel transactions with the maximum discount capped at ₹300. |
|
Travel Benefits |
4 complimentary lounge visits per quarter at selected domestic airports across India and 4 complimentary railway lounge access every quarter. Also, complimentary roadside assistance worth ₹1,399. |
|
Insurance Benefits |
A personal injury protection of ₹5 lakh and a free protection of up to ₹50,000 for any lost card liability is included. |
|
Dining Benefits |
Up to 20% off at more than 1,500 restaurants. |
|
Entertainment Benefits |
Buy one get one offer on movie tickets up to ₹250 on the Paytm mobile app twice a month. |
|
Reward Benefits |
6 reward points for every ₹150 you spend online and 3 reward points for every ₹150 you spend offline below ₹20,000 a month. |
Fees and Charges
|
Joining Fees |
Free |
|
Annual Fees |
Free |
|
Annual Percentage Rate |
42.00% |
|
Foreign Transaction Fees |
1.99% |
Eligibility
Applicant's age should be at least 21 years, and they must have a decent monthly income.
3. AU Bank LIT Credit Card
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AU Bank LIT (Live It Today) is a credit card that gives you the freedom to customise it according to your preferences and needs. You can choose from various features, such as cashback, rewards, memberships, lounge access, and more, using the AU 0101 app. AU Bank LIT is also a lifetime free credit card that lets you enjoy the benefits without any annual fee.
|
Travel Benefits |
4 complimentary lounge access per 90 days (quarter). |
|
Fuel Surcharge Waiver |
A 1% surcharge waiver on fuel transactions between ₹400 and ₹5000 |
|
Cashback Benefits |
|
|
Entertainment Benefits |
Free 3-Month Zee5, Amazon Prime, or Netflix membership. |
|
Zero Liability Protection |
Zero liability protection of the cardholder against fraudulent transactions in the event of loss or theft of the credit card up to ₹1,50,000 or your credit limit, whichever is lower. |
Fees and Charges
|
Joining Fees |
Free |
|
Annual Fees |
Free |
|
Annual Percentage Rate |
43.08% |
|
Foreign Transaction Fees |
3.49% |
Eligibility
The applicant's age should be between 21 and 60 years.
4. IDBI Aspire Platinum Credit Card
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If you are looking for a credit card that offers more rewards and convenience in every walk of life, consider the IDBI Aspire Platinum Credit Card. This card is specially designed to provide you with best-in-class travelling, dining, and lifestyle privileges and meet your other aspirational needs. You can enjoy unparalleled discounts and offers to suit your lifestyle and preferences both in India and abroad.
|
Welcome Bonus |
|
|
Fuel Surcharge Waiver |
A 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4000.A maximum of ₹300 in surcharges may be waived per statement cycle. |
|
Zero Liability Protection |
If the card is lost or any fraudulent transactions are reported within the stipulated period of time, you receive a zero liability protection cover. |
|
Visa Offers |
Exclusive offers for VISA Platinum cardholders on airport shopping, hotels, car rentals, and other services. Customers can make use of VISA's travel concierge services for their travel-related needs. |
Fees and Charges
|
Joining Fees |
Free |
|
Annual Fees |
Free |
|
Annual Percentage Rate |
34.80% |
|
Foreign Transaction Fees |
3.49% |
Eligibility
- Applicant's age should be between 21 and 60 years in case of a salaried employee.
- Applicant's age should be between 21 to 65 years in case of self-employed.
5. Shoppers Stop HDFC Bank Credit Card
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Shoppers Stop HDFC Bank Credit Card is a credit card that rewards you for your shopping spree at Shoppers Stop and other outlets. You can earn first citizen points for every ₹150 spent on retail transactions, which can be redeemed on the Shoppers Stop platform/outlets. These credit cards fall under the category of shopping credit cards and provide reward advantages for purchases of Shoppers Stop private label brands as well as all other purchases.
Features
|
Welcome Bonus |
A welcome gift voucher worth ₹500 may be redeemed after spending a minimum of ₹5000 on private-label products. |
|
Insurance Benefits |
|
|
Milestone Benefits |
Earn 2000 first citizen points after spending ₹2 lakh per year. |
|
Reward Benefits |
|
|
Dining Benefits |
PayZapp offers up to ₹1,500 per month on certain retailers, including Swiggy, Zomato, Grofers, BigBasket, and Dominos. |
Fees and Charges
|
Joining Fees |
Free |
|
Annual Fees |
Free |
|
Annual Percentage Rate |
43.20% |
|
Foreign Transaction Fees |
3.50% |
Eligibility
- For self-employed Indian citizens, the applicant's age must be between 21 and 65 years, and they must have submitted an ITR totalling at least ₹6 lakhs.
- For salaried Indian citizens, the applicant must be between 21 and 60 years old, with a net monthly salary of at least ₹20,000.
Conclusion
To address its clients' various requirements and interests, multiple banks provide a range of lifetime free credit cards. You may choose the ideal card that suits your needs and financial situation and provides a host of excellent benefits, including cashback, incentives, travel advantages, shopping indulgences, and an improved living experience.
Through Select by Finology, you may compare various cards and apply for the one that best meets your needs. What are you still holding out for? There is a card waiting for you that is perfect for your specific needs. Get the advantages of smart banking by applying for a lifetime credit card right away.
