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Best lifetime free credit cards 2023

Best lifetime free credit cards 2023

Credit cards can be used for various purchases, from everyday expenses to larger purchases like appliances, electronics, or travel. Lifetime free credit cards are an important financial tool for many people, providing a convenient way to pay for purchases and build credit. They allow individuals to borrow money up to a predetermined limit to make purchases and pay it back later. cs, or travel. One of the primary benefits of using a credit card is the ability to build a credit history. By using a credit card responsibly and making payments on time, individuals can establish a good credit score, which can be beneficial when applying for loans or other credit products in the future. Good credit can also help individuals secure lower interest rates on loans, making it easier and more affordable to make larger purchases.

Rewards from Credit Cards

Credit cards often come with rewards programs, providing benefits like cashback, points, or miles for purchases made with the card. These rewards can add up over time and provide a tangible benefit for using a credit card over other payment methods. However, it is important to use credit cards responsibly and avoid overspending or carrying balances from month to month, which can lead to high-interest charges and debt. It is also important to read and understand the terms and conditions of a credit card, including fees, interest rates, and any reward program rules.

One of the best credit cards is a lifetime free credit card. A lifetime free credit card is a credit card that does not charge an annual fee for its entire duration, as long as the cardholder uses it regularly and pays their bills on time. It is an attractive option for individuals looking to build their credit score and earn rewards without paying a recurring fee for the privilege. In this blog, we’ll discuss the best lifetime free credit cards 2023.

Importance of lifetime free credit cards

Lifetime free credit cards are becoming increasingly popular among consumers, as they offer a range of benefits without the burden of annual fees. These cards have no annual fee and offer rewards such as cashback, travel miles, and purchase discounts. This blog will explore the importance of lifetime free credit cards and why they are a good choice for many consumers. Firstly, lifetime free credit cards offer a range of benefits to consumers without any added costs. These benefits include reward points that can be redeemed for various products and services, discounts on travel bookings, and cashback on purchases made using the card. Additionally, lifetime free credit cards often offer a range of features such as zero liability protection, emergency card replacement, and fraud monitoring, which help to safeguard users from fraudulent activities.

Secondly, lifetime free credit cards help consumers to manage their expenses more effectively. These cards allow users to make large purchases without paying interest charges for a specified period by offering interest-free periods on purchases. This can be particularly beneficial for individuals looking to make big-ticket purchases or who want to consolidate their debt. Additionally, lifetime free credit cards allow users to pay their bills on time, which can help build a good credit score and improve their financial standing. Thirdly, lifetime free credit cards are a good way to build a credit history. Using a credit card responsibly can help build a credit history, which is important when applying for loans, mortgages, and other financial products. By paying bills on time, using the card responsibly, and keeping credit utilization low, users can build a good credit score, increasing their chances of being approved for loans and other financial products.

7 Best Lifetime Free Credit Cards

Let’s look into some of the best lifetime free credit cards 2023.

  1. IDFC FIRST Select Credit Card
  2. IDFC FIRST Millennia Credit Card
  3. Dhanlaxmi Bank Platinum Credit Card
  4. Amazon Pay ICICI Credit Card
  5. ICICI Platinum Chip Credit Card
  6. Aspire Platinum Credit Card (IDBI Bank)
  7. Axis Bank Insta Easy Credit Card

IDFC FIRST Select Credit Card

The IDFC Bank has introduced the IDFC FIRST Select Credit Card, which stands out as the first premium credit card without any annual or joining fee. The card offers all the luxury features of a modern credit card and is regularly updated. Additionally, the card offers various promotions at different intervals.

Key highlights:

Key feature: Luxury

Welcome Benefits: Voucher worth INR 500

Annual fee: Nil

Benefits:

  • Get a voucher worth INR 500 on spending INR 15,000 within 90 days of activating the card.
  • Enjoy 5% cash back (up to INR 1,000) on the transaction value of your first EMI payment within 90 days of card generation.
  • Earn six reward points on every INR 150 spent online and three on every INR 150 spent offline (for transactions below INR 20,000 per month).
  • Get ten reward points on every INR 150 spent above INR 20,000 per month and on your birthday.
  • Each reward point is equivalent to INR 0.25, and there is no upper limit to the number of points you can accumulate.
  • Enjoy four free domestic airport lounge visits and four free railway lounge visits per quarter.
  • Get free roadside assistance worth INR 1,399.
  • Avail of a fuel surcharge waiver of 1%.
  • Get an air accident cover of INR 1 crore and a personal accident cover of INR 5 lakh.
  • Get a Lost Card Liability Cover of INR 50,000 and comprehensive travel insurance cover of INR 22,500.
  • Enjoy up to 20% discount at partner restaurants and 15% at partner health and wellness outlets.

IDFC FIRST Millennia Credit Card

The FIRST Millennia Credit Card has been launched by IDFC Bank, offering cashback on shopping and interest-free credit for 48 days in India and abroad. This free card has no annual or joining fee, making it even more appealing to customers.

Key highlights:

Key feature: Cashback

Welcome Benefits: Gift voucher

Annual fee: Nil

Benefits:

  • Get a voucher worth INR 500 on spending INR 15,000 within 90 days of activating the card.
  • Enjoy 5% cash back (up to INR 1,000) on the transaction value of your first EMI payment within 90 days of card generation.
  • Earn six reward points on every INR 150 spent online and three reward points on every INR 150 spent offline (for transactions below INR 20,000 per month).
  • Get ten reward points on every INR 150 spent above INR 20,000 per month and on your birthday.
  • Each reward point is equivalent to INR 0.25, and there is no upper limit to the number of points you can accumulate.
  • Earn three reward points in a separate category for rent payments.
  • An INR 99 + GST convenience fee will be charged for reward point redemption.
  • Enjoy interest-free cash withdrawals on domestic and international ATMs for up to 48 days. There will be a cash advance fee of INR 250 per transaction.
  • For all international transactions, there is a forex markup of 3.5%.

Dhanlaxmi Bank Platinum Credit Card

The credit card is designed to be very user-friendly, focusing on supermarkets and department stores, and offers a straightforward 5% flat cashback with no complications. It could be regarded as one of the best credit cards for those new to credit.

Key Highlights:

Air Accident Insurance: INR 1 crore

Credit Shield Cover: INR 1 lakh

Annual Fee: Nil

Benefits:

  • Enjoy a flat 5% cashback on all purchases made at supermarkets and department stores.
  • Get a Credit Shield Cover of up to INR 100,000 to protect your credit.
  • Receive Purchase Protection Cover of up to INR 100,000 to safeguard your purchases.
  • Benefit from Air Accident Insurance coverage of up to INR 2,000,000.
  • Enjoy access to global customer assistance, which can be helpful in emergencies.

Amazon Pay ICICI Credit Card

The primary goal of this card is to make shopping on Amazon and using the Amazon Prime subscription program more accessible for interested individuals. The card is free of charge for life, which means there are no annual fees to worry about. It’s a straightforward, user-friendly card ideal for anyone who wants to shop on Amazon.

Key Highlights:

Dining Benefits: Discount of 15% on your dining bill at partner restaurants.

Reward Points: Unlimited reward points.

Annual Fee: Nil

Benefits:

  • Amazon Prime members get a 5% cashback from Amazon Pay balance on any purchase from Amazon’s website.
  • To avail of the full 5% discount, an independent Amazon Prime membership is required.
  • Customers without an Amazon Prime membership can avail of a 3% cashback through Amazon Pay balance.
  • For purchases from Amazon Pay’s merchant partners like BookMyShow, Haptik, Redbus, Café Coffee Day, Byju’s, Amar Chitra Katha, Chumbak, Urban Ladder, and Lavie (bags and shoes), there are Amazon Pay Balance points worth 2% of the purchase.
  • The card offers a 1% Amazon Pay Balance on every purchase, including purchases made outside of Amazon.
  • There are no limits to the Amazon Pay balance that can be earned or spent and never expires.
  • Cardholders get a 15% discount on their dining bill at partner restaurants by presenting the card at the time of payment.
  • The credit card offers a fuel surcharge waiver of 1% on fuel purchases.

ICICI Platinum Chip Credit Card

This basic point-based credit card offers a wide range of occasional offers with its partner merchants. It is ideal for users interested in shopping discounts and looking for interesting offers. The card can be useful for beginners with a credit card.

Key Highlights:

Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions of a maximum of INR 4,000 at HPCL pumps.

Reward Points: Get 2 PAYBACK points on every INR 100 spent on retail purchases.

Annual Fee: Nil

Benefits:

  • Earn 2 PAYBACK points for every INR 100 spent on retail purchases (excluding fuel).
  • Get 1 PAYBACK point for every INR 100 spent on utilities and insurance.
  • Enjoy special online offers and periodic discounts on popular brands.
  • Avail a 1% fuel surcharge waiver on fuel transactions up to INR 4,000 at HPCL pumps when using ICICI merchant services swipe machines.
  • Get a 15% discount on dining bills at 2,500 partner restaurants under the ICICI Culinary Treat Programme.

Aspire Platinum Credit Card (IDBI Bank)

The free-to-use card offers reward points on all kinds of spending, making it stand out from other free cards. It is primarily designed for those who frequently travel, dine out, and indulge in a lifestyle that demands flexibility and convenience.

Key Highlights:

Reward Points: Reward points available for all kinds of spends

Welcome Benefits: 500 delight points on using the card within 30 days of issuance.

Annual Fee: Nil

Benefits:

  • Cardholders get VISA Platinum card services and travel concierge services provided by VISA.
  • 2 Delight Points earned on every INR 150 spent.
  • Reward points for all kinds of expenses.
  • Welcome gift of 500 Delight Points if the card is used within 30 days of issuance or 300 Delight Points between 31 to 90 days with a minimum spend of INR 1500.
  • Interest-free credit is available for 48 days.
  • No liability for the lost card if it is reported within 24 hours.
  • Add-on cards are available.
  • No fuel surcharge for transactions between INR 400 to INR 4000 with a maximum waiver of INR 300 per month.

Axis Bank Insta Easy Credit Card

The Axis Bank issues this credit card on behalf of a Fixed Deposit (FD) that an individual must initiate in the bank. The credit limit of this card is 80% of the amount of the FD, and it is an assured card that anyone can apply for. One does not need to give any income proof, as the bank already has a deposit. The minimum amount needed to open an FD is INR 20,000, and the maximum is INR 25 lakh.

Key Highlights:

No Income Proof: No income proof is required, and minimum documentation.

Welcome Benefits: 100 EDGE points on the first online transaction.

Annual Fee: Nil

Benefits:

  • Every INR 200 spent domestically earns six reward points.
  • Every INR 200 spent internationally earns 12 reward points.
  • A 1% fuel surcharge waiver can be availed on fuel transactions between INR 400 and INR 4,000.
  • Cardholders can avail of a 15% discount on dining at selected partner restaurants in India.

 

These best lifetime free credit cards 2023 offer a range of benefits to consumers, from reward points and discounts to interest-free periods and credit building. These cards are a good choice for those who want to manage their expenses more effectively, build a credit history, and enjoy the benefits of a credit card without the burden of annual fees.

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