The annual fee is an important parameter when reviewing different credit cards. Obviously, you would want to choose the card that provides the best credit card reward points and benefits at minimal charges. You may even review some of the best lifetime free credit card options as they do not require you to pay any annual fee or joining fee and endow you with the best benefits.
Owning a zero annual charge credit card may provide good prospects in terms of welcome bonuses, special privileges, and additional benefits. Thus, such credit cards not only assist you to save considerable money by avoiding annual charges but also permit you to save on online and offline spending by rewarding you with cash back, discounts and reward points on every expense. Discussed here are the top 3-lifetime free credit cards in India, which you may consider opting for as per your preference and expenditure pattern.
IDFC FIRST Millennia
IDFC FIRST Millennia credit card is one of the best reward credit cards, designed to meet the lifestyle of millennials. Joining benefits of this card include a welcome voucher of Rs 500 on spending Rs 15,000 or above within 3 months of credit card generation and a 5 percent cashback of up to Rs 1,000 on transaction amount on your first EMI conversion. Privileges include a 25 per cent discount on movie tickets of up to Rs 100 on booking through the Paytm mobile app once every month, 4 complimentary access to the railway lounge per quarter, a fuel surcharge waiver of 1 per cent at all fuel stations across India, etc.
Besides the above benefits, this card even offers 10X reward points on incremental spending of over Rs 20,000 per month and expenditures conducted on your birthday. Also, you can earn 3X and 6X reward points on every offline and online spend, respectively for transactions of up to Rs 20,000 per month. Note that, the reward points you earn from this credit card come with no expiry date and can be used to instantly make in-store or online purchases.
Like the IDFC FIRST Millennia credit card, IDFC FIRST Bank provides other lifetime free credit cards too with premium features. These credit cards include IDFC FIRST Classic, IDFC FIRST Select, IDFC FIRST Wealth and IDFC FIRST Wow.
HSBC VISA Platinum
HSBC VISA Platinum credit card offers you unsurpassed rewards and benefits. It is a nil annual and joining fee credit card with an issuance benefit of 10 percent cashback of up to Rs 2,000 on a minimum expenditure of Rs 10,000 within the first 60 days. By using this card, you can get 2 reward points on every Rs 150 spent and 5X rewards on purchases made post-crossing expenditure amount of Rs 4 lakh in an anniversary year. On such spending, you may get an accelerated credit card reward points benefit of up to 15,000 points.
Like HSBC VISA Platinum, HSBC Bank offers other lifetime free credit cards that come with different features and benefits. These credit cards include HSBC Smart Value and HSBC Premier Mastercard.
One Card
One Card is India’s first metal card with full stack tech and is backed by principles of transparency, simplicity, and full control to its users. This card does not charge any joining fee, annual fee, or reward points redemption fees. Just through its app, you can control all the features and aspects of your card, be it setting transaction limits, international or domestic usage, offline or online usage and making a contactless payment. The reward points credited to you on this card never expire.
Ending note
A zero annual charge credit card is a great financial instrument, which not just allows you to gain the benefit from features that it provides but helps you form a good credit score seamlessly without the need to pay an annual fee. Many credit card issuers offer this type of credit card, so ensure to compare all the options and choose the prudent one as per your lifestyle, and preference.
