Credit cards have become an essential financial tool for many individuals in India, offering convenience and flexibility in making purchases and managing expenses. While some credit cards come with annual fees and charges, there are also several lifetime-free credit cards available in the market. These credit cards do not charge any annual fee for their usage, making them cost-effective options for cardholders.
In this article, we will delve into the top 5-lifetime free credit cards in India in 2023 and their benefits. These credit cards have been selected based on their features, benefits, and popularity among consumers. We will also compare them based on various parameters to help readers make an informed decision when choosing a credit card.
HDFC Bank MoneyBack Credit Card:
The HDFC Bank MoneyBack Credit Card is a popular lifetime-free credit card that offers attractive features and benefits. Some of the key features of this card include:
a) Rewards Program: Cardholders earn 2 reward points for every Rs. 150 spent using the card. These reward points can be redeemed for cash back, gift vouchers, and more.
b) Fuel Surcharge Waiver: Cardholders can enjoy a fuel surcharge waiver of up to Rs. 250 per billing cycle on fuel transactions made at fuel stations across India.
c) Zero Liability on Lost Card: The HDFC Bank MoneyBack Credit Card provides zero liability on lost cards, ensuring that cardholders are not held liable for any fraudulent transactions made on a lost or stolen card.
d) Interest-free Credit Period: The card offers an interest-free credit period of up to 50 days, giving cardholders the flexibility to repay their outstanding balances without incurring any interest charges.
ICICI Bank Amazon Pay Credit Card:
The ICICI Bank Amazon Pay Credit Card is another popular lifetime free credit card that is co-branded with Amazon India. Here are some of the key features of this card:
a) Amazon Pay Benefits: Cardholders earn Amazon Pay balance as reward points on their card spend, which can be used for purchases on Amazon.in
b) Accelerated Earnings: Cardholders can earn accelerated reward points when they use the card for purchases on Amazon.in such as 5% back on Amazon.in spends for Amazon Prime members and 3% back for non-Prime members.
c) Dining and Fuel Benefits: The card offers additional benefits such as 2% reward points on dining spends and a 1% fuel surcharge waiver at fuel stations across India.
d) Contactless Payments: The card comes with contactless payment technology, allowing cardholders to make quick and secure transactions at enabled point-of-sale terminals.
SBI SimplyCLICK Credit Card:
The SBI SimplyCLICK Credit Card is a lifetime free credit card that is designed for online shoppers. Here are some of its key features:
a) E-commerce Benefits: Cardholders earn accelerated reward points on their online spending, such as 5X reward points on online purchases made at partner websites like Amazon, Flipkart, Cleartrip, etc.
b) Milestone Benefits: Cardholders can earn milestone benefits in the form of e-gift vouchers on reaching annual spending milestones.
c) Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of 1% on fuel transactions made at fuel stations across India.
d) Contactless Payments: The card comes with contactless payment technology, making it easy and convenient to make transactions at enabled point-of-sale terminals.
Axis Bank Flipkart Credit Card:
The Axis Bank Flipkart Credit Card is a co-branded credit card that is specifically designed for online shoppers who prefer shopping on Flipkart. Here are some of its key features:
a) Flipkart Benefits: Cardholders earn Flipkart SuperCoins as reward points on their card spend, which can be used for purchases on Flipkart.com and its partner sites.
b) Accelerated Earnings: Cardholders can earn accelerated reward points when they use the card for purchases on Flipkart.com, such as 4 reward points for every Rs. 200 spent on Flipkart and 1.5 reward points for every Rs. 200 spent on other categories.
c) Welcome Benefits: The card offers attractive welcome benefits, such as Flipkart vouchers and bonus reward points, upon card activation and first transaction.
d) Milestone Benefits: Cardholders can earn milestone benefits in the form of Flipkart vouchers on reaching annual spending milestones.
e) Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of 1% on fuel transactions made at fuel stations across India.
Kotak Mahindra Bank Royale Signature Credit Card:
The Kotak Mahindra Bank Royale Signature Credit Card is a premium lifetime free credit card that offers a range of exclusive benefits. Here are some of its key features:
a) Rewards Program: Cardholders earn reward points for every Rs. 150 spent using the card, which can be redeemed for a variety of redemption options, including air miles, merchandise, and more.
b) Lounge Access: The card offers complimentary access to select domestic and international airport lounges, making it a great option for frequent travelers.
c) Dining and Movie Benefits: Cardholders can enjoy dining discounts at partner restaurants and movie discounts at select theaters across India.
d) Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of up to Rs. 4500 per year on fuel transactions made at fuel stations across India.
Comparison of the Top 5 Lifetime Free Credit Cards:
To compare the top 5 lifetime free credit cards in India, we can consider various parameters such as rewards programs, fuel surcharge waivers, milestone benefits, e-commerce benefits, and other exclusive features. Here is a comparison table:
| Credit Card | Rewards Program | Fuel Surcharge Waiver | Milestone Benefits | E-commerce Benefits | Other Exclusive Features |
|---|---|---|---|---|---|
| HDFC Bank MoneyBack Credit Card | 2 reward points for every Rs. 150 spent | Up to Rs. 250 per billing cycle on fuel | No milestone benefits | No e-commerce benefits | Zero liability on lost card |
| ICICI Bank Amazon Pay Credit Card | Amazon Pay balance as reward points | Not mentioned | No milestone benefits | Accelerated earnings on Amazon.in | Contactless payments |
| SBI SimplyCLICK Credit Card | 5X reward points on online purchases | 1% fuel surcharge waiver | Milestone benefits | No e-commerce benefits | Contactless payments |
| Axis Bank Flipkart Credit Card | Flipkart SuperCoins as reward points | 1% fuel surcharge waiver | Welcome benefits, milestone benefits | Accelerated earnings on Flipkart.com | Contactless payments |
| Kotak Mahindra Bank Royale Signature Credit Card | Reward points for every Rs. 150 spent | Up to Rs. 4500 per year on fuel | No milestone benefits | No e-commerce benefits | Complimentary airport lounge access |
