Since there is no initial cost to own the card and you are relieved of the burden of determining whether the rewards and benefits outweigh the annual fee, lifetime free credit cards are very popular.
Best lifetime credit cards : Please find below 2 of the best lifetime free credit cards-
| Annual fee | Benefits |
Amazon Pay ICICI Bank Credit Card Minimum income : Not specified | ₹0 Welcome Offers : Amazon Prime members get welcome offers worth ₹2000, Non-Prime members get welcome offers worth ₹1500 | 3% - 5% cashback on Amazon India (5% cashback for Amazon Prime members || 3% cashback for non-Prime members). |
IDFC First Wealth Credit Card* Minimum income - ₹36 lakhs per year | ₹0
Welcome offer : Welcome voucher worth ₹500, on spending ₹5000 or more within 30 days of card generation. | Premium lifetime free card with various lifestyle benefits- ✔︎ Complimentary airport lounge (both domestic and international) & domestic airport spa access - total 4 times per quarter ✔︎ Complimentary railway lounge access - 4 times per quarter ✔︎ Complimentary golf benefits - upto 2 golf rounds per month |
*IDFC First also offers a range of lifetime free credit cards. While IDFC FIRST Classic Credit Card and IDFC First Millennia Credit Card are starter lifetime free cards with minimum annual income requirement of ₹3 lakhs, IDFC FIRST Select Credit Card is a premium lifetime free card with a minimum annual income requirement of ₹12 lakhs.
Best lifetime free credit cards against FD (fixed deposit)
| Annual fee | Benefits
|
Kotak Bank #811 Dream Different Credit Card Minimum income : Not required | ₹0 Welcome offer worth ₹125 | Guaranteed approval card against fixed deposit – no income proof required || no credit score required
Upto 1.50% reward on card spends |
IDFC WOW Credit Card Minimum income : Not required | ₹0 |
Guaranteed approval card against fixed deposit – no income proof required || no credit score required
0.60% reward on card spends |
Bank of Baroda PRIME Credit Card Minimum income : Not required | ₹0
Welcome offer : Welcome voucher worth ₹500, on spending ₹5000 or more within 30 days of card generation. | Guaranteed approval card against fixed deposit – no income proof required || no credit score required
0.50% reward on card spends |
SBI Card Unnati Minimum income : Not required | ₹0 (free card for the first 4 years) | Guaranteed approval card against fixed deposit – no income proof required || no credit score required
Upto 1.25% reward on card spends |
Best lifetime free travel credit cards
ICICI Bank has 2 credit cards in partnership with MakeMyTrip. These cards charge no annual fee from the second year onwards, they do charge a first year annual fee (joining fee) which is compensated by welcome offers.
| Annual fee | Benefits
|
MakeMyTrip ICICI Bank Signature Credit Card Minimum income : Not specified | ₹0 from 2nd year onwards || 1st year annual fee (joining fee) of ₹2500
Welcome offers :
– You get 1500 My Cash worth ₹1500, within 45 days of card issuance
– You get a MakeMyTrip Holiday Voucher worth ₹2500, when you get your card
– You also get a complimentary MakeMyTrip Black membership | 4% benefit on hotel bookings & holiday bookings || 2% benefit on flight bookings – only on MakeMyTrip
Upto 1% additional benefit, at certain annual spend levels on MakeMyTrip (milestone program)
|
MakeMyTrip ICICI Bank Platinum Credit Card Minimum income : Not specified | ₹0 from 2nd year onwards || 1st year annual fee (joining fee) of ₹500
Welcome offers :
– You get 500 My Cash worth ₹500, within 45 days of card issuance
– You also get a MakeMyTrip Holiday Voucher worth ₹3000, on joining | 3% benefit on hotel bookings & holiday bookings || 2% benefit on flight bookings – only on MakeMyTrip
Upto 2% additional benefit, at certain annual spend levels on MakeMyTrip (milestone program) |
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