Top 10 Lifetime Credit Cards in India in 2024 – Money News

Many people are reluctant to choose credit cards because of the annual fees, which they perceive as an additional burden to their regular expenses. In contrast, lifetime free credit cards offer the opportunity to enjoy the benefits of plastic money, such as earning rewards on purchases, without any ongoing costs. The lack of an annual fee makes these cards especially attractive. While many credit cards with annual fees may offer fee waivers after meeting certain spending requirements, lifetime free credit cards do not impose such conditions.

These cards provide a host of benefits such as rewards points, cash back and welcome bonuses, all without any annual fee. Let’s look at the main advantages and features of using these cards.

How do lifetime free credit cards save you money?

* No annual fees

One of the key benefits is the zero annual fee. While many credit cards have significant annual fees, lifetime free credit cards reduce these costs, helping you save a significant amount over time. This means you can enjoy the benefits of a credit card without having to worry about paying recurring fees just to keep the card active.

* Cashback and bonus points

Many lifetime free credit cards offer bonus points on a variety of transactions such as shopping, dining and travel. These bonus points or cashback will help you reduce your overall expenses and get discounts.

* Welcome bonuses

Some lifetime free credit cards offer tempting welcome bonuses such as free movie tickets, gift certificates or rewards points. These bonuses can give you immediate benefits simply for signing up and using the card for a certain period.

* Credit rating

Lifetime free credit cards are a great way to improve your credit score. Because these cards don’t charge an annual fee, they encourage responsible use and long-term storage, which has a positive impact on your credit score. A good credit score can help you get better loan offers and interest rates in the future.

What should you keep in mind?

* Your expenses

Adhil Shetty, CEO, Bankbazaar.com says, “Choose a card that suits your spending habits. For example, if you’re an online shopper, a card that offers cash back on purchases might be a good choice. On the other hand, if you eat out often, a card that offers discounts on meals may be more suitable.”

*Fees and Fees

Although there is no annual fee, there may be other hidden fees, such as late fees, international transaction fees, or cash advance fees. Please read the terms and conditions carefully to understand all potential costs associated with the card.

* Credit limit

Some lifetime free credit cards have lower credit limits compared to their paid counterparts. Assess your spending needs and make sure the credit limit offered is sufficient for your expenses.

So, lifetime free credit cards can be a smart way to reap the benefits without the burden of annual fees. They help save money. However, choose a card that suits your lifestyle. The table below compares the key features of some lifetime no-fee credit cards.

The best permanent credit cards in Russia India 2024
Credit card	Best for
FinBooster: YES BANK – BankBazaar joint card	Credit rating tracking, credit report building, rewards
RBL Bank BankBazaar SaveMax Credit Card	Credit Advisory Report, Bonus Points
HSBC Platinum Credit Card	High cash limit, Fuel, Movie tickets
Amazon Pay with ICICI credit card	Shopping, Cashback
ICICI Credit Card with Platinum Chip	Bonus points, movie tickets.
IDFC First select a credit card	Online stores, Bonus points
IDFC FIRST Millenia Credit Card	Online stores, Bonus points
Kotak 811 DreaDifferent Credit Card	Online stores, Bonus points
InduInd Bank Platinum credit card	Reward points, food, fuel
Credit card AU LIT	Bonus points, Cashback
Compiled Bankbazaar.com