By Ankur Mittal
Updated On January 14, 2022

The annual fee is an essential factor to be considered when you look for the best credit card for yourself. Almost everyone wants to have a credit card that can provide maximum benefits to them with the minimum charges. Some people even look for credit cards that are lifetime free as they don’t want to pay anything for a credit card. Keeping such requirements of the individuals in mind, almost all the card issuers issue some lifetime free credit cards.

Best Zero Annual Fee Credit Cards India

Now, you might have understood what are lifetime free credit cards? As the term suggests, a life time free credit card is a card that comes with no annual fee, i.e, no don’t need to pay any annual charges on these cards. A lot of individuals start their credit journey using a free credit card as these seem to be the most affordable and risk-free to them. Moreover, a no-annual-fee credit card can help you lower your expenditure and help you get more value out of your credit card. Owning zero annual fee credit cards could be a great prospect in terms of the value you derive from the welcome bonuses, additional benefits, and special privileges. Thus, these cards don’t only help you save money by avoiding the annual fee, but you can also save a lot on your spends as almost every credit card comes with some rewards/cashback program through which you can save every time you spend.

All the major card issuers in India provide some credit cards with absolutely no annual fee charged. However, these credit cards generally have fewer features and benefits as compared to credit cards with an annual fee. But you still get some benefits for sure, such as reward points/cash back, fuel surcharge waivers, zero liability protection, etc. Some card issuers even provide airport lounge access with their lifetime free credit cards and such credit cards can be the best choice for lots of individuals out there. Not only this, but the no annual fee credit cards can have a lot more advantages. These cards are easier to be approved for as their income requirements are not really high. Moreover, you can manage them easily without worrying about your annual fee getting deducted every year from your credit card account. Therefore, if you are a person who wants to earn the maximum credit card benefits with the minimum or no charges at all, you should definitely go for a lifetime free credit card. As there are many such credit cards in the Indian market, you might be confused about which card you should choose as all the cards have their own benefits and privileges. To help you out in choosing the right card for you, we are here with the list of the top lifetime free credit cards in India. You can compare different cards and then go with the one that seems to be the best for you and your requirements. Read on to know more about the benefits of lifetime free credit cards:

Life Time Free Credit Cards – Features & Benefits

Like every other type of credit card, lifetime free credit cards also have their own advantages. The following are some of the general benefits of having a credit cards with a zero annual fee:

Highly Affordable – As you don’t need to pay any joining/annual fee for the lifetime free credit cards, these cards can be considered pocket-friendly and anyone who wants can have them without worrying about the charges.

Easy Approval – Getting approved for the no annual fee credit cards is comparatively easier than the other premium cards. It is because the income requirements for lifetime free credit cards are generally low, which are really high for the premium cards that have a high annual fee. Moreover, you can get some of these cards even with an average credit score, but that is not possible in the case of premium cards.

Other than these general benefits, the following is a list of privileges that you can get with your lifetime free credit cards. However, these cards generally don’t come with a lot of benefits, but you can still avail of the following with some or all of the no annual fee credit cards:

Welcome Bonus – Not all, but some of the best life time free credit cards provide you with a welcome bonus when you join the card membership. These welcome benefits can be in the form of reward points, cashback offers, complimentary premium subscriptions of any platform, or anything.

Reward Points/Cashback – You will definitely get some type of reward points/cashback on almost all your purchases/transactions that you make using your credit card. These rewards can be more on a few particular categories and fewer on others, so you should choose a credit card that provides the maximum rewards on a category on which you spend the most.

Fuel Surcharge Waiver – All the top lifetime free credit cards provide their customers with a 1% fuel surcharge waiver on all their fuel transactions. As the prices of fuel as increasing day by day, this benefit provided by credit cards might seem to be really great to you. But, you should be aware of the fact that this fuel surcharge waiver is generally capped at a certain price and you can avail of the benefits only up to that in a month.

Zero Liability Protection – All the major card issuers provide zero liability protection against a lost card, no matter whether your card is lifetime free or a premium credit card, According to this, you will not be liable for any loss on your credit cards if your card is lost or stolen and you have reported the loss to the bank in a timely manner.

Airport Lounge Access – This is a benefit that is generally provided by credit cards with an annual fee, but there are some best lifetime free credit cards that come with the feature of complimentary airport lounge access.

Other Benefits – Other than all the features mentioned above, your no annual fee credit card can come with some additional benefits, which may include insurance benefits, dining a7 movie benefits, milestone benefits, and many more.

List of Best Lifetime Free Credit Cards in India 2021

As there are plenty of lifetime free credit cards in the market, it might be really confusing for you to choose one out of them. Some of you may also find it difficult to find out the best no annual fee credit cards, and hence might miss out on the best offer sometimes. Keeping this fact in mind, we are here to help you with a list of all the top lifetime free credit cards in India. You can go through the features & benefits of all of them and then compare all the cards. Keep all your requirements and spending habits in mind and then go with a card that seems to to best suited for you:

HSBC Visa Platinum Credit Card

Welcome Benefits

Amazon Voucher worth Rs. 500, 3 complimentary lounge access/3 meal vouchers, 50% discount (up to Rs.100) on the first transaction on google pay, and 10% cashback (upto Rs. 2,000).

Rewards Rate

Earn 2 reward points on every Rs. 150 spent on this card.

Joining Fees

Nil

HSBC Visa Platinum credit card provides you with exclusive lifestyle and travel benefits and privileges on your spendings. With this credit card, you could earn up to a 5x accelerated reward rate on your spendings. You can earn up to 15000 reward points in a year using your HSBC Visa Platinum credit card. Moreover, as a signup bonus, you can enjoy 3 complimentary domestic and international lounge visits. Some of the important details of the HSBC Visa Platinum credit card are listed below:-

  • Earn 5x reward points on annual spending of Rs 4,00,000 or above.
  • Get 3 complimentary domestic and international lounge access visits, Amazon voucher worth Rs. 500 and up to 10% cashback on your spendings as a sign-up bonus.
  • Buy 1 get 1 offer on booking movie tickets through BookMyShow
  • 10% discount on Tata CLiQ on a minimum transaction of Rs. 1000
  • 10% discount on electronics on a minimum transaction of Rs. 3000
  • 10% discount on the Tata CLiQ luxury website on a minimum transaction of Rs. 5000
Amazon Pay ICICI Bank Credit Card

Welcome Benefits

Rs. 300 to Rs. 600 Amazon Pay Balance (keeps changing)

Rewards Rate

5% cashback on Amazon India for Prime members and 3% cashback for Non-Prime members, 2% cashback on partner merchants, 1% cashback on all other payments except fuel purchases

Joining Fees

Nil

Amazon Pay ICICI Bank credit card is a card launched in collaboration with Amazon that provides you special cashback on your shopping spends. Prime members can get up to 5% cashback on shopping at amazon and non-prime members get up to 3% cashback on their spendings. Some of the important details of the Amazon Pay ICICI Bank credit card are listed below:-

  • 5% cashback on your purchases through Amazon for prime users
  • 3% cashback on purchases through Amazon for non-prime users
  • 2% cashback on all transactions using Amazon Pay at partner merchants
  • 1% cashback on all other transactions made using your Amazon Pay ICICI Bank credit card
  • Up to 15% off on dining with ICICI Culinary Treats program.
  • 1% fuel surcharge waived on all petrol pumps across India.   
Flipkart Axis Bank Credit Card

Welcome Benefits

Welcome benefit worth Rs. 2,500 on card issuance, benefit of up to Rs. 900 on Gaana app (Gaana Plus membership worth Rs. 1,299 for Rs. 399), discounts and cashback on first transaction on Myntra, The Phy Life and Plum Goodness

Rewards Rate

5% cashback on Flipkart and Myntra, 4% cashback on prefered partners (Swiggy, Uber, PVR and cure.fit) and 1.5% cashback on all other spends.

Joining Fees

Rs. 500 (plus applicable taxes)

The Flipkart Axis Bank Credit Card is among the most popular lifetime-free credit cards in India. The card used to come with a joining fee of Rs. 500 earlier, but the Axis Bank has made it free to have now. It welcomes you with a number of exciting privileges, including the Gaana Plus subscription at a discounted price and exciting cashback offers at Myntra, Plum Goodness, etc. You can enjoy a cashback of up to 5% on your spends and a lot more benefits as mentioned below:

  • Welcome benefits worth Rs. 2,500.
  • Get a 5% cashback on all your purchases on Flipkart & Myntra.
  • 4% cashback on partner brands and 1.5% cashback on all other purchases.
  • Get complimentary airport lounge access.
  • 1% fuel surcharge waiver at all fuel stations.
ICICI Bank Platinum Identity Credit Card

Welcome Benefits

N/A

Rewards Rate

2 Hand-picked Rewards per Rs. 200 on domestic spends, 4 Hand-picked Rewards per Rs. 200 on international spends, 3 and 5 Hand-picked Rewards per Rs. 200 on domestic and international spends respectively on crossing the annual spends threshold of Rs. 2.5 lakh, 4 and 8 hand-picked rewards on domestic and international spends respectively on crossing the annual spends threshold of Rs. 5 lakh

Joining Fees

Rs. 2,000 (plus applicable taxes)

ICICI Bank Platinum Chip credit card is an entry-level card that comes in both Visa and Mastercard variants. ICICI Bank Platinum Chip credit card uses a Payback loyalty program to award reward points. With this card, you get up to 2 payback points on every Rs 100 spent on retail spends. 1 PAYBACK Point on every ₹ 100 spent on utilities and insurance. Some of the important details of the ICICI Bank Platinum Chip credit card are listed below:-

  • 2 Payback Points on every Rs. 100 spent on all retail transactions except on fuel.
  • 1 Payback Point on every Rs. 100 spent on utilities and insurance categories.
  • ICICI Bank Platinum Chip credit card comes in two variants: VISA & Mastercard
  • Up to 15% off on dining with ICICI Culinary Treats program.
  • 1% fuel surcharge waived on all petrol pumps across India.
ICICI Bank Mine Credit Card

Welcome Benefits

NA

Rewards Rate

A cashback of 1% on all retail spends and 5% on exclusive partner brands.

Joining Fees

For Starter Plan – Nil
For Pro Plan – Rs 49 per month
For Premium Plan – Rs 149 per month

ICICI Bank Mine credit card is a card for the millennials that comes in three plans the starter pack, Pro plan at Rs 49, and a Premium plan at Rs 149. You do not get charged an annual fee on the starter plan. With this credit card, you get up to 1% cashback on retail spendings. The cashback is capped at Rs 100 per month on this credit card. Some of the important details of the HSBC Visa Platinum credit card are listed below:-

  • 1% cashback on your retail spendings with ICICI Bank Mine credit card
  • Exclusive offers on dinings, travel, grocery, and merchant store
  • 1% fuel surcharge waiver on transactions at all HPCL petrol pumps.
IDFC First Select Credit Card

Welcome Benefits

Gift voucher worth Rs. 500 based on spends within 90 days of card issuance and a 5% cashback on EMI transactions within 90 days of card issuance.

Rewards Rate

3 Reward Points per Rs. 100 spent offline, 6 Reward Points per Rs. 100 spent online, and 10 Reward Points per Rs. 100 on spends above Rs. 20,000.

Joining Fees

Nil

IDFC First Select credit card provides a host of special benefits and privileges to its customers on their spendings. On this card, you can get up to 10x reward points on your spendings. Furthermore, you also get complimentary airport lounge access every calendar quarter using this credit card. Some of the important details of the IDFC First Select credit card are listed below:-

  • As a sign-up bonus, you get a Gift voucher of Rs 500 on the spending of Rs 15000 or above
  • 10x Reward Points for every Rs. 100 spent on purchases above Rs. 20,000.
  • 10x Reward points on every Rs 100 spent on your birthdays.
  • 6x Reward points on every Rs 100 spent on online spendings.
  • 3x Reward points on every Rs 100 spent on offline spendings upto Rs 20,000
  • Low interest rate (0.75% – 2.99%) and low foreign currency markup (1.5%)
  • 4 complimentary railway lounge visits every calendar quarter
  • 4 complimentary domestic airport lounge visits every calendar quarter
  • Personal Accident Cover worth Rs 5,00,000
  • Lost card liability covers worth Rs. 50,000
IDFC FIRST Millennia Credit Card

Welcome Benefits

5% cashback on first EMI Transaction within and gift vouchers worth Rs. 500.

Rewards Rate

3 Reward Points on every offline spend of Rs. 100, 6 Reward Points on every online spend of Rs. 100, and 10 Reward Points on every Rs. 100 on spends above Rs. 20,000.

Joining Fees

Nil

IDFC FIRST Millennia credit card is a top trending beginner-level credit card that provides you with a host of lifestyle and travel benefits on your spendings. You get up to 10x accelerated reward points on your spendings of Rs 20,000 or above. The reward points accumulated on this credit card do not expire and can be carried forward to another term. Besides that, you get 4 complimentary railway lounge access. Here are some important details of the IDFC FIRST Millennia credit card mentioned below:-

  • Gift voucher of Rs 500 on the spending of Rs 15000 or above as a signup bonus.
  • 10x Reward Points for every Rs. 100 spent on purchases above Rs. 20,000.
  • 10x Reward points on every Rs 100 spent on your birthdays
  • Low interest rate (0.75% – 2.99%)
  • 25% discount on movie tickets once every month
  • 4 complimentary railway lounge visits every calendar quarter
  • Personal Accidental Cover worth Rs 2 Lacs
Kotak Bank Fortune Gold Card

Welcome Benefits

NA

Rewards Rate

NA

Joining Fees

Nil

Kotak Bank Fortune Gold credit card is a basic credit card that comes with a limited number of benefits for the customer. One of the key features of this credit card is that you get charged no interest on your cash withdrawals. Below are some important details about the Kotak Bank Fortune Gold credit card.

  • Cashback of Rs 750 or 4 PVR tickets on the spending of Rs 1,50,000.
  • Get protection liability cover up to Rs 50,000 on Kotak Bank Fortune Gold Card.
  • 1% fuel surcharge waiver on transactions across all petrol pumps valid on transactions between Rs. 500/- and Rs. 3000
  • Interest-free cash

Welcome Benefits

500 bonus Reward Points

Rewards Rate

1 Reward Points on every spend of Rs. 100 and 2 Reward Points on every online spend of Rs. 100.

Joining Fees

Nil

This is a secured credit card issued by Kotak Mahindra Bank. With this credit card, you get up to 2 Reward Points on every Rs 100 spent online. Moreover, you also get up to 500 bonus Reward Points as a signup bonus. On annual spending of Rs 75,000, you get cashback of Rs 750 and 4 free PVR tickets. Here are some important details that you might like to know about Kotak 811 #DreamDifferent credit card.

  • Sign Bonus of 500 reward points on the spending of Rs 5,000 or more
  • 2 Reward Points for every Rs. 100 you spend on online purchases
  • Cashback of Rs 750 or 4 PVR tickets on the spending of Rs 75,000.
  • 1% fuel surcharge waiver on all transactions Rs. 500 and Rs. 3,000
  • Credit Shield cover up to Rs 50,000
SBI Unnati credit card

Welcome Benefits

NA

Rewards Rate

1 reward point on every Rs 100 spent

Joining Fees

Nil

SBI Unnati credit card is a secured credit card offered by SBI cards. On this credit card, you get a complete waiver on the annual fee of up to 4 years. Moreover, you also get 1 reward point on every Rs 100 spent. Along with it, you get up to Rs 500 cashback on annual spending of Rs 15000 within 15 days of the card issuance. Some of the important details of the SBI Unnati credit card are listed below:-

  • 1 Reward Point on every Rs 100 spent using SBI Unnati credit card.
  • Rs 500 cashback on the spending of Rs 15,000 or more.
  • 1% fuel surcharge waiver on transactions between Rs 500 to Rs 3000
Bank of Baroda Prime Credit Card

Welcome Benefits

NA

Rewards Rate

4 Reward Points on every Rs 100 spent.

Joining Fees

Nil

Bank of Baroda Prime credit card is a secured credit card issued by Bank of Baroda. The card provides you with up to 4 reward points on every Rs 100 spent.1 Reward point is equivalent to Rs 1 on redemption using this credit card. Some important details about the Bank of Baroda Prime credit card are provided below-:

  • 4 reward points on every Rs 100 spent
  • 1% fuel surcharge waiver on transactions up to Rs 250 per statement cycle
  • Convert your purchases in Easy EMI options
  • Zero liability protection against lost/stolen card
  • 24×7 Concierge Service.
Bank of Baroda Premier Credit Card

Welcome Benefits

NA

Rewards Rate

You can earn 10 reward points on every Rs. 100 spent on travel, dining, and foreign spending and reward points on every Rs. 100 spent on all categories

Joining Fees

Nil

The Bank of Baroda Premier Credit Card is a basic card issued by the Bank of Baroda, which earlier used to come with an annual fee of Rs. 1,000, but is lifetime free now. You can earn up to 10 Reward Points on every Rs. 100 you spend using this card. Moreover, it also provides its customers with several additional privileges, including complimentary lounge access, insurance benefits, and many more. Here are some of its key features:

  • Get 10 Reward Points on every Rs. 100 spent on travel, dining, and international transactions.
  • 2 Reward Points on every Rs. 100 spent elsewhere.
  • Complimentary domestic lounge access at selected Indian airports.
  • 1% fuel surcharge waiver at all fuel stations.
  • Exciting discounts on movies with the RuPay variant.
Bank of Baroda Easy Credit Card

Welcome Benefits

NA

Rewards Rate

5X reward points on every Rs. 100 spent on selected merchant categories like movies, groceries, and departmental stores. 1 reward point on every Rs. 100 spent on other categories. 0.5 % cashback on card bill payment.

Joining Fees

Nil

Bank of Baroda Easy Credit Card is also an entry-level credit card issued by the bank with the purpose of providing its customers with the maximum benefits on minimum charges. It offers you reward points as well as cashback on your transactions and you can avail of several other benefits using this card. Refer to the following points to know a few more benefits of this card:

  • 1 Reward Point on every Rs. 100 you spend.
  • 10 Reward Points on every Rs. 100 spent on groceries, movies, and departmental stores.
  • 1% fuel surcharge waiver at all fuel stations.
  • Additional discount offers with the RuPay Variant.
  • Zero liability protection against a lost/stolen card.

How To Apply For No Annual Fee Credit Cards Online?

The process of applying for a credit card is very similar to that of the other credit cards. All the major card issuers provide their customers with various ways to apply for a credit card online as well as offline. To apply for a credit card online, you will just need to visit the official website of the bank/card issuer from which you want to get your card issued. On their official website, you can easily find the option to apply for a credit card under the personal banking section. Sometimes the option is given on the home page itself to make it easy and convenient for the customers. You can also find the customer care numbers on the official website and contact them in case you need any assistance. Just make sure to keep all the required documents, including identity proof, address proof, and income proof handy.

However, some people don’t prefer online methods and want to get their works done offline if possible. Keeping this in mind, banks also allow you to apply offline for a credit card by visiting the nearest branch of your respective bank.

Lifetime Free Credit Cards Without an Income Proof

Almost all the card issuers ask you for income proof when you apply for a credit card. It is because they want to be assured that you have a source of income that can be used to repay your credit card bills. And if you are someone who doesn’t have a source of income, you may find it really difficult to get approved for a credit card. But there are some lifetime free credit cards in India that you can get even without income proof and a credit score, such as Kotak 811 #DreamDifferent Credit Card and SBI Unnati Credit Card. These cards can be issued without income proof because there are secured credit cards that are issued against a fixed deposit. You need to make an FD at the bank which is used by the bank as a security amount that they can use if you fail to make your credit card bill payments.

Credit Cards with No Annual Fee

All the lifetime free credit cards come with their own features and benefits. Some cards provide exclusive cashback offers and others provide rewards, lounge access, and many more. The following table shows all the top no annual fee credit cards with their most exclusive benefits and key features:

Credit Cards Annual Fee Key Feature
Amazon Pay ICICI Bank Credit Card Nil 5% Cashback on Amazon
Flipkart Axis Bank Credit Card Nil 5% Cashback on Flipkart & Myntra
ICICI Bank Platinum Chip Credit Card   Nil Earn upto 2 Payback points on your retail transactions 
IDFC FIRST Select Credit Card Nil 10x Accelerated Reward Points and Travel benefits
IDFC FIRST Millennia Credit Card Nil 10x Accelerated Reward Points
SBI Unnati Credit Card Nil Milestone Reward Benefits
HSBC Visa Platinum Credit card Nil Welcome Bonus and 5x Accelerated Reward Points 
Kotak Bank Fortune Gold Card Nil Interest-Free Cash Withdrawals
Bank of Baroda Prime Credit Card Nil Reward Rate
Bank of Baroda Premier Credit Card Nil Complimentary Airport Lounge Access
Bank of Baroda Easy Credit Card Nil Reward Points
ICICI Mine Credit Card Nil 1% Cashback on retail spends
Kotak 811 #DreamDifferent Credit Card Nil Milestone Reward Benefits

No Annual Fee Credit Cards With Rewards

Many people wrongly assume that lifetime free credit cards don’t provide any benefits, not even reward points. But, it is not true. There are a lot of no annual fee credit cards that come with a reward rate of up to 2.5%, which is not bad. Refer to the following table to know more about lifetime free credit cards with reward points:

Credit Cards Reward Points
ICICI Bank Platinum Chip Credit Card  2 Payback Points on every Rs. 100 spent on all retail transactions
1 Payback Point on every Rs. 100 spent on utilities and insurance categories
IDFC FIRST Select Credit Card    10x Reward Points for every Rs. 100 spent on purchases above Rs. 20,000
10x Reward points on every Rs 100 spent on your birthdays
6x Reward points on every Rs 100 spent on online spendings
3x Reward points on every Rs 100 spent on offline spendings up to Rs 20,000
1 Reward point on every Rs 100 spent on all other categories
IDFC FIRST Millennia Credit Card    6 Reward Points on every online spend of Rs. 100
3 Reward points on every offline spend of Rs. 100
SBI Unnati Credit Card 1 Reward Point on every Rs 100 spent using SBI Unnati credit card
HSBC Visa Platinum Credit card Earn 2 reward points on every Rs. 150 spent on this card
Kotak Bank Fortune Gold Card Cashback of Rs 750 or 4 PVR tickets on the spending of Rs 1,50,000
Bank of Baroda Prime Credit Card 4 reward points on every Rs 100 spent
Bank of Baroda Premier Credit Card 10 Reward Points on every Rs. 100 spent on dining, travel, and international transactions.
2 Reward Points on every Rs. 100 spent on other categories.
Bank of Baroda Easy Credit Card 1 Reward Point on every spend of Rs. 100.
5 Reward Points on every Rs. 100 spent on groceries, movies, and departmental stores.
Kotak 811 #DreamDifferent Credit Card 2 Reward Points for every Rs. 100 you spend on online purchases  

No Annual Fee Credit Cards With Cashback

Some of the major card issuers offer credit cards with exciting cashback, including the Amazon Pay ICICI Credit Card, Flipkart Axis Bank Credit Card, etc. These cards can help you save a lot as these come with a zero annual fee and provide you with an amazing opportunity to save more & more on your spends. Refer to the table given below for more information:

Credit Cards Rewards/ Cashback on your spends
Amazon Pay ICICI Bank Credit Card 5% cashback on your purchases through Amazon for prime users
3% cashback on purchases through Amazon for non-prime users
2% cashback on all transactions using Amazon Pay at partner merchants
1% cashback on all other transactions made using your Amazon Pay ICICI Bank credit card  
Flipkart Axis Bank Credit Card 5% cashback on Myntra & Flipkart.
4% cashback on Swiggy, Cure.fit, Uber, and PVR.
1.5% cashback on all other spends.
ICICI Mine Credit Card     1% cashback on your retail spendings

Lifetime Free Credit Cards Reward Redemption

Earning reward points is as easy as purchasing something with your credit card. But, you can earn benefits with a reward credit card if you are aware of how you can redeem your earned reward points. All the card issuers have an option to redeem their reward points through net banking or they have their own rewards portal. Moreover, all the card issuers can keep different values of their reward points. The following table shows the value of reward points for different free credit cards.

Credit Cards Reward Type Value of 1 RP
Amazon Pay ICICI Bank Credit Card Cashback N/a
Flipkart Axis Bank Credit Card Cashback N/a
ICICI Bank Platinum Chip Credit Card  Payback Points 1 RP = Rs 0.25
IDFC FIRST Select Credit Card Reward Points 1 RP = Rs 0.25
IDFC FIRST Millennia Credit Card Reward Points 1 RP = Rs 0.25
SBI Unnati Credit Card Reward Points 1 RP = Rs 0.25
HSBC Visa Platinum Credit card Reward Points 1 RP = Rs 0.37
Kotak Bank Fortune Gold Card Cashback NA
Bank of Baroda Prime Credit Card Reward Points 1 RP = Re 0.25
BoB Premier Credit Card Reward Points 1 RP = Re 0.25
BoB easy Credit Card Reward Points  1 RP = Re 0.25
ICICI Mine Credit Card Cashback NA
Kotak 811 #DreamDifferent Credit Card Reward Points 1 RP = Rs 0.25

Lifetime Free Credit Cards With Lounge Access

Lounge access is considered one of the most exclusive benefits provided by credit cards and generally the premium cards come with this privilege. But, some of the top no annual fee credit cards also provide railway/airport lounge access to their customers. These cards are as mentioned below in the table:

Credit Cards Lounge Access
Amazon Pay ICICI Bank Credit Card NA
Flipkart Axis Bank Credit Card 4 complimentary domestic lounge access every year.
ICICI Bank Platinum Chip Credit Card  NA
IDFC FIRST Select Credit Card 4 complimentary domestic airport  lounge access every quarter.
4 complimentary railway lounge access every quarter.
IDFC FIRST Millennia Credit Card 4 complimentary Railway lounge access every quarter.
SBI Unnati Credit Card NA
HSBC Visa Platinum Credit card 3 complimentary domestic lounge access as a welcome gift
Kotak Bank Fortune Gold Card NA
Bank of Baroda Prime Credit Card NA
BoB Premier Credit Card 1 complimentary domestic lounge access every quarter
BoB Easy Credit Card NA
ICICI Mine Credit Card NA
Kotak 811 #DreamDifferent Credit Card NA

Is a Lifetime Free Credit Card Really Free?

A lifetime free credit card means that a card for which you don’t need to pay an annual fee, renewal fee, or membership fee every year. To answer your question, yes, the lifetime free credit cards are really free as they don’t charge any annual fee. But, this doesn’t mean that you can avoid all the other charges as well. A no annual fee credit card only allows you to avoid the annual membership fee, but you will still be charged other fees if required, which can be as follows:

Interest Charges: Like every other credit card, you will have to pay the interest if you are having an outstanding amount on your credit card. However, no interest is charged on your balance if you pay it fully by the payment due date, but if you only pay the minimum amount due, or if you miss the payment, the interest will start accruing on your outstanding balance from the very next day of the payment due date.

Late Payment Fee – If you fail to pay your credit card bill by the payment due date, a late payment fee is charged on your credit card account and you can’t avoid it even if you are using a lifetime free credit card. However, even if you only pay the minimum amount due, you can avoid the late payment charges.

Cash Advance Charges – If you withdraw cash using your credit card, then a cash advance fee is charged to your account. It is generally 2.5% of the withdrawn amount, subject to a minimum amount. So, it is advisable not to withdraw cash using your credit card until it’s really an emergency.

Foreign Currency Markup Fee – If you make transactions in a different currency with your credit card, a forex markup fee is charged on your account. It is generally 3.5% of the transaction amount and can be different depending on different card issuers.

Is it worth it to pay an annual fee for a credit card?

Yes, paying an annual fee for a credit card can be advantageous for you since you get exclusive benefits and features. These special benefits and privileges provided with annual fees make it worthwhile. Given below are some factors that essentially make a credit card with an annual fee worthwhile.

Welcome Bonus–  Several credit cards come with special welcome benefits that help you trade off your annual fee cost. These features might not be available on your no annual fee credit card.

Reward and Bonus– Credit cards with an annual fee provide you with a higher reward rate than other credit cards with no annual fee. You can accumulate more rewards points on your credit card with an annual fee.

Special Perks and Benefits-  You get unique perks and benefits that might not be available on your credit card with no annual fee. These special privileges include airport lounge access, golf privileges, insurance benefits, etc.

Who should apply for a no annual fee credit card?

New Credit Cardholders-:  If you are a first-time applicant and searching for the right credit card that fits your needs well. A no annual fee credit card is a great way to begin your credit card journey

Build Credit Background-: No annual fee credit card may be a suitable option for a low credit score or limited credit history. As it is easier to avail of a no annual fee credit card than other credit cards.

Cardholders Looking to Diversify-:  Any premium cardholder looking to diversify may benefit from the no annual fee credit cards.

Occasional User-  A no annual fee card is a cheaper and more economical option for the occasional credit card user.

Bottomline

No matter if you are a first-time applicant or an experienced credit card user, a zero annual fee card can always provide value to you. A lifetime free credit card can be the best choice for individuals who are just going to start their journey with credit cards and are looking for a card that can provide maximum benefits with minimum charges. It is true that free credit cards generally have fewer benefits as compared to the premium cards that come with an annual fee, but some of the best lifetime free credit cards come with exceptional privileges, which are better than the features of some cards with an annual fee. So, you must look out for such credit cards and go with them without any doubts in your head. However, if you are someone with no credit history or no income, you might need to start your credit journey with a secured credit card and then update your card after you build a good credit score. No annual fee credit cards can be truly a blessing for someone who looks for an affordable credit card with maximum saving opportunities.

FAQs:

No, a zero annual fee on your credit card does not necessarily mean that it is a free credit card. You are liable to pay certain charges on your no annual fee credit cards

You pay zero annual fees on your credit card by following ways

  1. You can get a waiver on your annual fees by contacting your card issuer
  2. You can avail of a special sign up bonus on your credit card equal to the net cost of the annual fee charged
  3. Or you get a credit card that comes with a lifetime free membership

Yes, you can use your no annual fee credit card for foreign transactions just like a normal credit card.

Yes, you can use no annual fee credit card to make cash withdrawals at ATMs

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