A lifetime free credit card is a type of credit card that does not charge any annual or renewal fees for the entire period that you hold the card. Some credit cards may initially have an annual fee, but this fee can be waived if you meet certain criteria, such as spending a minimum amount annually. Once these conditions are met, the card is effectively considered a lifetime free credit card, providing you the benefits of credit usage without the recurring cost of fees.
Card Name | Best Suitable For | Annual Fee |
---|---|---|
HSBC Visa Platinum Credit Card | Shopping & Rewards | Nil |
HDFC MoneyBack Credit Card | Cashback & Rewards | Nil (Waived off on spending 50,000 and above) |
HDFC Freedom Credit Card | Travel & Entertainment | Nil (Waived off on spending 50,000 and above) |
SBI Cashback Credit Card | Online Shopping | Nil (Waived off on spends of Rs.2 Lakh) |
SBI Unnati Credit Card | Beginners & Low Income | Nil (Waived off for first 4 years) |
Axis ACE Credit Card | Bill Payments & Cashback | Nil (Waived off on spends of Rs.2 Lakh) |
Axis NEO Credit Card | Lifestyle & Dining | Nil (For Selected Channels) |
IDFC Millennia Credit Card | Millennials & Gen Z | Nil |
IndusInd Legend Credit Card | Premium Lifestyle Benefits | Nil |
Standard Chartered Platinum Rewards Credit Card | Rewards & Fuel | Nil (Waived off on spending Rs. 60,000) |
YES ACE Credit Card | General Benefits | Nil (Waived off on spend of 50,000 in the previous year) |
Key Features & Benefits:
Joining Fees: Nil
Annual Fees: Nil
Why Use This Card: Ideal for individuals seeking a comprehensive rewards program and travel benefits.
Key Features & Benefits:
Joining Fees: Rs. 500
Annual Fees: Rs. 500
Why Use This Card: Perfect for those who prefer cashback, especially on online transactions.
Key Features & Benefits:
Joining Fees: Rs. 500
Annual Fees: Rs. 500
Why Use This Card: Great for travelers and entertainment seekers.
Key Features & Benefits:
Joining Fees: Rs. 900
Annual Fees: Rs. 900
Why Use This Card: Best for avid online shoppers seeking extra cashback.
Key Features & Benefits:
Joining Fees: Nil
Annual Fees: Rs. 499 (5th year onwards)
Why Use This Card: Ideal for beginners and low-income individuals looking to build their credit.
Key Features & Benefits:
Joining Fees: Rs. 499
Annual Fees: Rs. 499
Why Use This Card: Perfect for those who want high cashback on everyday expenses and bill payments.
Key Features & Benefits:
Joining Fees: Rs. 250
Annual Fees: Rs. 250
Why Use This Card: Ideal for lifestyle and dining enthusiasts.
Key Features & Benefits:
Joining Fees: Nil
Annual Fees: Nil
Why Use This Card: Best for millennials and Gen Z looking for high rewards and travel benefits.
Key Features & Benefits:
Joining Fees: Rs. 9999
Annual Fees: Nil
Why Use This Card: Ideal for those seeking premium lifestyle perks and rewards.
Key Features & Benefits:
Joining Fees: Rs. 250
Annual Fees: Rs. 250
Why Use This Card: Excellent for those who want to earn rewards on everyday fuel and dining expenses.
Key Features & Benefits:
Joining Fees: Rs. 399
Annual Fees: Rs. 399
Why Use This Card: Great for those seeking a versatile card with general benefits.
Feature | Lifetime Free Credit Card | No Annual Fee Credit Card |
---|---|---|
Joining Fee | Nil | May have a joining fee |
Annual Fee | Nil | No annual fee for the first year or if certain criteria are met later |
Fee Waiver | Not applicable | Annual fee waived upon meeting conditions |
Lifetime free credit cards do not charge an annual fee ever, while no annual fee credit cards may waive the fee only for the first year or upon meeting certain criteria. Choose a lifetime free credit card for perpetual savings on annual fees. Opt for a no annual fee card if you can meet the spending requirements to waive off the fee.
To earn max rewards & redeem cashback, value back offers, discounts & exclusive deals. Select the best Credit Card as per need.
Yes, certain banks offer lifetime free credit cards without income proof, typically secured against a fixed deposit.
Yes, some banks offer zero annual fee credit cards to individuals with low credit scores, usually secured cards.
There are no hidden annual or renewal fees, but other charges like late payment fees and foreign transaction fees may apply.
Research online, compare offers from different banks, and look for promotional deals.
Yes, but it may incur cash advance fees and interest charges.
The best card depends on individual needs; ICICI, HDFC, and SBI offer popular options.
The Yes Bank Prosperity Edge (Select) Credit Card offers complimentary lounge access.
You may incur late payment fees, increased interest rates, and a negative impact on your credit score.
To earn max rewards & redeem cashback, value back offers, discounts & exclusive deals. Select the best Credit Card as per need.