Best Lifetime Free Credit Cards In India 2024

Editor
Published: Oct 27, 2023, 2:23pm
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A lifetime free credit card is a card that never imposes the typical annual fee. While some extra services might incur charges, such as receiving a hard copy of the itemized bill, these cards fundamentally have no annual or joining fees. In this overview, we’ve examined several significant lifetime free credit cards available from various companies in India, providing you with options to consider.

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Best Lifetime Free Credit Card In India

IDFC FIRST Select Credit Card

Annual Fee
Nil
Welcome Benefits
Gift Voucher
Key Feature
Cash Back


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.

  • Low forex markup of 1.99% on international spends
  • BOGO offer on movie tickets up to ₹250 on Paytm mobile app (twice per month)
  • Voucher of INR 500 on spending INR 15,000 within 90 days of activating the card.
  • 5% cash back to the maximum of INR 1,000 equivalent to the transaction value of first EMI done within 90 days of card generation.
  • 6 reward points on every INR 150 spent online and 3 reward points on every INR 150 spent offline spent below INR 20,000 a month.
  • 10 reward points on every INR 150 spent above INR 20,000 a month and the same will be applicable on the birthday of the user.
  • 1 reward point = INR 0.25
  • Reward points are without any upper limit and one can accumulate as many.
  • 4 free domestic airport lounge visits per quarter.
  • 4 free railway lounge visits per quarter
  • Free roadside assistance worth INR 1,399
  • A fuel surcharge waiver of of 1% up to ₹300/month can be availed.
  • Air accident cover of  INR 1 crore.
  • Personal accident cover of INR 5 lakh.
  • Lost Card Liability Cover of INR 50,000
  • Comprehensive travel insurance cover of INR 22,500
  • Up to 20% discount at partner restaurants.
  • Up to 15% discount at  partner health and wellness outlets

IDFC FIRST Select Credit Card

Annual Fee
Nil
Welcome Benefits
Gift Voucher
Key Feature
Cash Back


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.

  • Low forex markup of 1.99% on international spends
  • BOGO offer on movie tickets up to ₹250 on Paytm mobile app (twice per month)
  • Voucher of INR 500 on spending INR 15,000 within 90 days of activating the card.
  • 5% cash back to the maximum of INR 1,000 equivalent to the transaction value of first EMI done within 90 days of card generation.
  • 6 reward points on every INR 150 spent online and 3 reward points on every INR 150 spent offline spent below INR 20,000 a month.
  • 10 reward points on every INR 150 spent above INR 20,000 a month and the same will be applicable on the birthday of the user.
  • 1 reward point = INR 0.25
  • Reward points are without any upper limit and one can accumulate as many.
  • 4 free domestic airport lounge visits per quarter.
  • 4 free railway lounge visits per quarter
  • Free roadside assistance worth INR 1,399
  • A fuel surcharge waiver of of 1% up to ₹300/month can be availed.
  • Air accident cover of  INR 1 crore.
  • Personal accident cover of INR 5 lakh.
  • Lost Card Liability Cover of INR 50,000
  • Comprehensive travel insurance cover of INR 22,500
  • Up to 20% discount at partner restaurants.
  • Up to 15% discount at  partner health and wellness outlets

IDFC FIRST Select Credit Card

Annual Fee
Nil
Welcome Benefits
Gift Voucher
Key Feature
Cash Back


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.

  • Low forex markup of 1.99% on international spends
  • BOGO offer on movie tickets up to ₹250 on Paytm mobile app (twice per month)
  • Voucher of INR 500 on spending INR 15,000 within 90 days of activating the card.
  • 5% cash back to the maximum of INR 1,000 equivalent to the transaction value of first EMI done within 90 days of card generation.
  • 6 reward points on every INR 150 spent online and 3 reward points on every INR 150 spent offline spent below INR 20,000 a month.
  • 10 reward points on every INR 150 spent above INR 20,000 a month and the same will be applicable on the birthday of the user.
  • 1 reward point = INR 0.25
  • Reward points are without any upper limit and one can accumulate as many.
  • 4 free domestic airport lounge visits per quarter.
  • 4 free railway lounge visits per quarter
  • Free roadside assistance worth INR 1,399
  • A fuel surcharge waiver of of 1% up to ₹300/month can be availed.
  • Air accident cover of  INR 1 crore.
  • Personal accident cover of INR 5 lakh.
  • Lost Card Liability Cover of INR 50,000
  • Comprehensive travel insurance cover of INR 22,500
  • Up to 20% discount at partner restaurants.
  • Up to 15% discount at  partner health and wellness outlets

IDFC FIRST Select Credit Card

Annual Fee
Nil
Welcome Benefits
Gift Voucher
Key Feature
Cash Back


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.

  • Low forex markup of 1.99% on international spends
  • BOGO offer on movie tickets up to ₹250 on Paytm mobile app (twice per month)
  • Voucher of INR 500 on spending INR 15,000 within 90 days of activating the card.
  • 5% cash back to the maximum of INR 1,000 equivalent to the transaction value of first EMI done within 90 days of card generation.
  • 6 reward points on every INR 150 spent online and 3 reward points on every INR 150 spent offline spent below INR 20,000 a month.
  • 10 reward points on every INR 150 spent above INR 20,000 a month and the same will be applicable on the birthday of the user.
  • 1 reward point = INR 0.25
  • Reward points are without any upper limit and one can accumulate as many.
  • 4 free domestic airport lounge visits per quarter.
  • 4 free railway lounge visits per quarter
  • Free roadside assistance worth INR 1,399
  • A fuel surcharge waiver of of 1% up to ₹300/month can be availed.
  • Air accident cover of  INR 1 crore.
  • Personal accident cover of INR 5 lakh.
  • Lost Card Liability Cover of INR 50,000
  • Comprehensive travel insurance cover of INR 22,500
  • Up to 20% discount at partner restaurants.
  • Up to 15% discount at  partner health and wellness outlets

IDFC FIRST Select Credit Card

Annual Fee
Nil
Welcome Benefits
Gift Voucher
Key Feature
Cash Back


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.


IDFC Bank has launched the IDFC FIRST Select Credit Card, marking the first time a premium credit card has been introduced without any annual or joining fees. It offers all the features of a luxury credit card and is well-updated in a modern context. Additionally, this card regularly provides multiple offers.

  • Low forex markup of 1.99% on international spends
  • BOGO offer on movie tickets up to ₹250 on Paytm mobile app (twice per month)
  • Voucher of INR 500 on spending INR 15,000 within 90 days of activating the card.
  • 5% cash back to the maximum of INR 1,000 equivalent to the transaction value of first EMI done within 90 days of card generation.
  • 6 reward points on every INR 150 spent online and 3 reward points on every INR 150 spent offline spent below INR 20,000 a month.
  • 10 reward points on every INR 150 spent above INR 20,000 a month and the same will be applicable on the birthday of the user.
  • 1 reward point = INR 0.25
  • Reward points are without any upper limit and one can accumulate as many.
  • 4 free domestic airport lounge visits per quarter.
  • 4 free railway lounge visits per quarter
  • Free roadside assistance worth INR 1,399
  • A fuel surcharge waiver of of 1% up to ₹300/month can be availed.
  • Air accident cover of  INR 1 crore.
  • Personal accident cover of INR 5 lakh.
  • Lost Card Liability Cover of INR 50,000
  • Comprehensive travel insurance cover of INR 22,500
  • Up to 20% discount at partner restaurants.
  • Up to 15% discount at  partner health and wellness outlets

Methodology for Choosing the Best Lifetime Free Credit Card

Forbes Advisor India analyzed 60 lifetime free cards available in the Indian market and accordingly we have come up with the above options. All the factors are specific to the free cards and should not be compared to paid cards as the grading is free card centric. Following are the factors taken into consideration while grading these cards.
1. We have picked these cards on the basis of the real time value of the benefits and not for the benefits which are there for the hack of it.

2. Cards should not have any hidden charges.

3. There should not be any difficult terms and conditions.

4. The cards should be simple to use and not complex as far as their rewards are concerned.

5. Number of add-on features available have also been considered. 

Features and Benefits on No Annual Fee Credit Cards

No annual fee credit cards, also known as fee-free credit cards, offer a range of features and benefits without charging an annual membership fee. Here are some of the common features and benefits associated with these types of credit cards:

Documents Required For Lifetime Free Credit Cards

To apply for a lifetime free credit card, you will typically need to provide the following documents:

Is there any other hidden charge if I use a Lifetime Free credit card?

While Lifetime Free credit cards typically don’t have annual fees, it’s essential to be aware of potential hidden charges and fees associated with credit card usage. These can include:

Bottom Line

Lifetime free credit cards in India offer the convenience of credit without annual fees. They are an excellent choice for individuals who want to access the benefits of credit cards without incurring additional charges, making them a cost-effective financial tool for various everyday needs. However, it’s essential to review the terms and conditions of each specific card to understand any potential fees or charges that may apply for certain transactions or actions. Overall, these cards provide a valuable option for those seeking financial flexibility and convenience.

How To Apply for a No Annual Fee Credit Cards Online?

One can apply for a no-annual-fee credit card by visiting the website of the credit card company or a partner company.

If the applicant is not very tech savvy then he can visit any branch of the bank offering the desired card.

You can also call the toll free numbers for booking a call with the agent taking care of credit cards.

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Frequently Asked Questions (FAQs)

Yes, technically a lifetime free credit card should have none of the following:

• Joining fee

• Annual Fee

• Maintenance fee

Free credit cards will always charge late payments from customers not paying their monthly dues on time. If the person is paying the dues on time then there is no scope of any charge and it will be considered to be a lifetime free credit card.

In case the person wants a new card on losing the old card or the old card becoming worn out there will be a charge.

There can be a charge on ordering a hard copy of the card.

It depends on the card and your requirement, there are a lot of features that are only available in premium credit cards and free credit cards generally have the basic features.

Free credit cards generally have lower cashback or reward points.

Any one who thinks that the services provided by that card of any value to him or her. If the person thinks that if the services are not useful for his current situation then it is of no use. At times premium credit cards are also offered by the companies as lifetime free credit cards, and it is always advisable to take the credit card.

Free credit cards can be used for foreign transactions but there will be charges to use that facility known as foreign currency markup fee. This fee is generally around 3% of the cost of the purchase.

It is advisable to use cards which have a low foreign currency markup fee. There are credit cards which facilitate such transactions and have zero foreign currency markup fee.

Timely payment of your credit card bills can improve your credit rating to a great extent. People who have defaulted in the past or have no credit history can use a credit card to get into the process (but this rule is not applicable for people who have filed for bankruptcy).

Yes, you can conveniently apply for a ‘no annual fee’ credit card online. Many banks and financial institutions offer online application services, allowing you to browse through various card options, compare features, and apply directly from the comfort of your home.

As detailed in the previous section of this article, we have provided a comprehensive guide on applying for ‘no annual fee’ credit cards online. Please refer to the earlier part of this article for a step-by-step procedure to streamline your online application process.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

Armaan is the India Lead Editor for Forbes Advisor. He has more than a decade’s experience working with media and publishing companies to help them build expert-led content and establish editorial teams. At Forbes Advisor, he is determined to help readers declutter complex financial jargons and do his bit for India’s financial literacy.