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Anishka Bhadly
Anishka Bhadly is a content writer with a finance and business background. She has completed her bachelor's degree with a specialisation in finance and is currently pursuing an MBA in the finance field too. The knowledge she has gained from her studies and experience working with EdTech companies helped her combine theoretical knowledge with practical industry insight. Her expertise lies in creating well-researched, informative, and reader-friendly content in various banking, personal finance, loans, insurance, and investment-related topics.
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Lifetime free credit cards in India are those that generally do not require a joining fee and have no annual or renewal fee for the cardholder. However, “lifetime free” is not a term that implies complete absence of all charges on every credit card spend. Interest, late payment processing charges, cash withdrawal, foreign transaction fees, and a host of other expenses may be applicable on the card. Some cards offer this facility on a limited customer or promotional basis, and customers should check the terms before applying. Axis Bank, Federal Bank, and IDFC FIRST Bank currently have cards with lifetime-free options.
Key Takeaways:
A lifetime free credit card in India is a credit card that charges no joining fee and no annual renewal charges to the customer during their tenure of holding the card. It simply means that once the card is activated, there shall be no regular fee paid by the card owner on a yearly basis to renew or maintain the card. However, a lifetime free credit card does not imply that there shall be no charges at all on the card. Interest on the outstanding amount, late payment fees, cash withdrawal charges, foreign transaction charges, and many more may apply to the card. Hence, it is important to go through all the terms and conditions of a credit card before applying for it.
Lifetime free credit cards can help to minimise the expenses of credit card ownership, as they do not levy any joining or annual charges under their applicable lifetime free offer. However, every card comes with a different reward programmes, benefits, and offers. The cards mentioned below cater to your day-to-day shopping, dining, entertainment, travel, UPI, and other expenses.
Axis Neo Credit Card caters to the needs of people making frequent purchases in shopping, eating out, and entertainment.
In general, the credit card provides extensive discount benefits on various needs like food, groceries, shopping, payment of utility bills, and entertainment.
The Federal Bank Scapia Credit Card is intended for those people who normally book flights and hotels using the Scapia application.
The card could be useful for travellers who normally use the application, but its benefits are mostly directed at the redemption of travel services.
The CheQ AU Credit Card provides varying reward rates on different categories such as travel, shopping, food, utility payments, and UPI transactions.
The card is aimed at digitally enabled spending, offering richer rewards across various online categories.
The Fibe Axis Bank Credit Card targets everyday digital spending, mostly on food delivery, entertainment, and local travel.
Its cashback structure makes it relevant for consumers who regularly spend on food delivery, entertainment, and local commuting.
The Ixigo AU Credit Card is mainly for frequent travellers who use Ixigo for flight bookings, train bookings, bus bookings, and hotel bookings.
This card offers a mix of travel discounts and reward points with airport and railway lounge benefits, aimed at people who travel frequently on Ixigo.
The IDFC FIRST Millennia Credit Card lets users accrue reward points across different spending levels and appeals to consumers seeking a lifetime-free rewards card.
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The card combines milestone-based rewards with welcome benefits, movie discounts, and rewards across several everyday spending categories.
The HSBC Visa Platinum credit card is an entry-level offering that rewards customers with points on everyday purchases. The following are the special features of this card:
This card may be chosen by those looking to get a rewards-based credit card without any annual charges under the applicable lifetime free offer.
BOBCARD Eterna can be described as a rewards card that offers benefits in terms of travel, dining, shopping, movies, and lifestyle.
The card has a wide range of benefits that may appeal to customers looking to earn rewards across various lifestyle categories.
Note: Any offer on the BOBCARD Eterna card, which is valid for a lifetime but free of charge, should be considered a separate and limited-time special offer and not the standard price of the card itself. The card normally incurs an annual fee, which is subject to waiver in case of fulfilling a specified spending condition.
The BOBCARD Premier Card is a rewards-based credit card that provides benefits on travel and dining plus reward points on other eligible purchases.
The BOBCARD Premier Credit Card may benefit customers who spend significantly on travel and dining and wish to get extra rewards on international transactions. Moreover, customers can shop for eligible hotels and flights using the BOBCARD SmartDeal and earn rewards.
While comparing lifetime-free credit cards, it is essential to consider what rewards they offer. Spending requirements, exclusions, redemption processes, eligibility criteria, and other terms and conditions are also important.
A customer should choose a credit card depending on their spending pattern and the benefits that they can use. The BOBCARD Premier Credit Card helps customers to earn rewards on their everyday purchases like dining, travel, international transactions, and other eligible purchases.
Disclaimer: Fees, rewards, discounts, eligibility criteria, spending requirements, redemption rules, or other terms and conditions may change without any notice. Customers should review the latest terms and conditions on the BOBCARD website before applying for a credit card or making a purchase.
A lifetime-free credit card may save you money on your credit card, but the absence of one charge does not guarantee that the card will not cost you anything. Study the rewards, perks, requirements, and other fees related to the card and compare them to your needs and spending. Check whether any other applicable charges apply and that your status as a cardholder remains free for life. Reading the fine print before signing up will save you both time and money.
A lifetime-free credit card does not charge a joining fee or an annual fee for the card's applicable tenure. However, other charges such as interest, payment fees, or cash withdrawal charges could apply.
No. When a card is referred to as lifetime free, it usually means that joining and annual fees are waived. Other applicable charges depend on the card and type of transaction.
Cards such as Axis Neo and CheQ AU provide benefits for shopping, food delivery, and groceries, as well as utility payments. The best option depends on a person's spending pattern.
Scapia and Ixigo AU provide extensive travel-related benefits, rewards, discounts, lounge access, and forex-related benefits.
Yes. Multiple lifetime-free cards reward points, cashback, or brand-specific rewards on eligible purchases.
Some cards provide lounge access as a benefit, usually subject to spending criteria.
This depends on the credit card network and other terms and conditions.
Yes, if the card allows international transactions. However, there may be foreign transaction charges or forex markup, unless the credit card offers zero forex benefit.
Some RuPay credit cards can be linked to UPI apps. The reward on such cards and eligible UPI transactions will vary based on the card.
Yes, the card issuer may approve or decline an application based on parameters such as age, income, credit score, profession, and existing relationship with the bank.
Yes, because benefits, charges, reward rates, spending thresholds, and eligibility criteria are subject to change. It is advisable to check the official website of the issuing bank/card network for the most current details.
