Top 10 credit cards with no annual fee – Lifetime free cards
Top 10 Credit Cards With No Annual Fee – Lifetime Free Cards | The Economic Times
Given the plethora of credit cards in the market, it is not easy to choose a credit card that suits your needs, which offers benefits and offers best value for money. Cards that offer privileges charge higher joining and annual fees. However, each bank or card issuer typically offers a few lifetime free cards that offer the best of both worlds: zero joining or charge an annual fee, but reduce benefits. To ease your process of card selection, we have listed down top 10 lifetime free cards that offer great features.
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IDFC First offers four free cards, but we have selected the top two, Best Offers, Reward Points for Lifestyle Spending, Travel Benefits and Insurance. Interest Rate: 0.75-3.5% per month Insurance: Air accident cover of Rs 1 crore. Personal accident cover of Rs 10 lakh and card liability cover of Rs 50,000. Comprehensive travel insurance cover of $1,200. 500 welcome benefit voucher for spending Rs 15,000 or more within 90 days of card generation. 5% cashback (above) on the transaction value of the first EMI made within 90 days of card generation. Reward Points 1 Reward Point per Rs.100 spent / 1 Reward Point = Rs. 0.2510X Reward Points on incremental spend above Rs.30,000 per month, and on your birthday. 6X and 3X reward points on online and offline spend up to Rs.30,000 per month. Other Features Buy one, get one offer on movie tickets up to Rs.250 off on Paytm Mobile App (twice per month). 300+ merchant offers. Up to 20% off at 1,500+ restaurants. 3,000+. Up to 15% off at Health & Wellness outlets.4 Complimentary domestic and international airport lounge, spa visits per quarter. 2 complimentary golf rounds per month. Complimentary Roadside Assistance Rs.1,399. Fuel surcharge waiver of 1% at all fuel stations across India, up to Rs. .400/month.
Like the Wealth, the Select Card is also packed with features, which are similar to the former, but less so. It still offers great value for money. Interest Rate: 0.75-3.5% per month Welcome Voucher of Rs.500 on spending of Rs.15,000 or more within 90 days of making the Welcome Card. 5% Cashback on Transactions (up to Rs.1,000) Value of first EMI made within 90 days of card generation. Reward Points Other Features 1 Reward Point per Rs.100 spent / 1 Reward Point = Rs. 0.2510X Reward Points, Rs. .6X and 3X reward points on online and offline purchases, up to Rs.25,000 per month on incremental spend above Rs.25,000 per month and spend on your birthday. Other perks Buy one, get one on movie tickets up to Rs.250 off at Paytm. Up to 20% off on 1,500+ Restaurants up to 15% off at 3,000+ Health & Wellness Outlets4 Complimentary one-quarter visits to domestic airport and railway lounges. Complimentary roadside assistance worth Rs 1,399, fuel surcharge waiver of 1% at all fuel stations, Rs. 300/month. Insurance: Rs.1 crore air accident cover. Rupee. Personal accident cover of Rs.5 lakh and lost card liability cover of Rs.50,000. Comprehensive travel insurance of Rs 22,500.
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The card offers great discounts on spending, has good reward benefits and travel features. Interest Rate: 3.3% p.m. Insurance: Zero liability for lost card. Rs 3 lakh cover for misuse of the card up to 24 hours prior to reporting. Welcome BenefitsAmazon and Swiggy Vouchers. 3 airport lounge access or 3 meal-vouchers in domestic and international lounges (airport restaurants in India). 10% cashback up to Rs 10,000 within 60 days of card issuance. Within 60 days of card issuance. 150 spent after spending Rs 4 lakh with a maximum of 15,000 instant reward points in an anniversary year. 5X rewards. Other Features Air miles conversion on InterMiles, British Airways and Singapore Airlines. Fuel surcharge savings of up to Rs.3,000. Lost card can be canceled and an emergency card issued in 3 days. Emergency cash at over 22,000 outlets globally. 15% off on select products. Buy one-on-one free movie tickets up to Rs.250 off.
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Kotak 811
It has a good rewards program and joining benefits apart from rail surcharge waiver and card liability cover. Interest Rate: 3.5% per month Insurance: The DreamDifferent Shield Card offers a cover of Rs 50,000 against fraudulent use up to 7 days before the card is reported stolen. .Welcome 500 Bonus Reward Points on spend of Rs.5,000 in the first 45 days. Reward Points 2 Reward Points for every Rs.100 spent online. 1 reward point for every other spend of Rs.100. Other Features 1% fuel surcharge waiver on all petrol pumps for Rs.500-3,000. Surcharge waiver of 1.8% for transactions on irctc.co.in and 2.5% for booking counters of Indian Railways up to a maximum of Rs 500 per annum. Cash withdrawal limit up to 90% of total credit No interest for 48 days on cash advances. 750 cashback or 4 PVR tickets on an annual spend of Rs 75,000.
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Amazon Pay ICICI Bank
This is a great card for online spending, especially if you’re an Amazon Prime member. INTEREST RATE: 3.5-3.8% PER MONTH INSURANCE: NAWELCOME BEFITSNAREWARD POINTS1 REWARD POINTS = Earnings of Re 1 can be used to buy more than 10 crore products on www. On amazon.in and over 100 Amazon Pay partner merchants. Other Features 15% discount through its Culinary Treats program at over 2,500 restaurants across India. 1% fuel surcharge waiver at all petrol pumps. 5% cashback on Amazon spends for Amazon Prime members. 3% cashback on Amazon for non-Prime members. 2% cashback at 100+ Amazon Pay partner merchants. 1% cashback on all other expenses.
Though not packed with features like some of the other cards on this list, it still offers decent reward points and discounts. Interest Rate: 3.4% One Month Welcome BenefitSnareword Points2 Reward Points on every Rs.100 spent on all retail purchases except fuel.1 Reward point for every Rs.100 spent on Utilities and Insurance categories. Other Features 1% Fuel Surcharge Waiver at HPCL Pumps (Max. Rs. 4,000). 15% off with its Culinary Treats program at 2,500 restaurants in 12 cities
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You can get this card on a fixed deposit of Rs.15,000 or more without any income proof. Interest Rate: 3.25% per month Welcome ProfitGraduate Points for every Rs.100 spent. Earn up to 4 Reward Points (equivalent to 1 on redemption) for insurance zero liability on any fraudulent transactions if card loss is reported promptly. Free personal accident death cover. Other Features 1% cashback on all spends. 1% fuel surcharge waived for all fuel transactions between Rs 400-5,000 (maximum discount of Rs 250 per month). Purchase amount above Rs 2,500 can be converted into EMI of 6/36 months. 3 lifetime free add-on cards for spouse, parents, siblings or children (above 18 years). 50 days interest-free credit from the date of any purchase.
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The card has some decent spending offers and discounts, and the interest rate is a bit low, but it doesn’t offer any insurance. Welcome Benefits 500 Delight Points on first use within 30 days OR 300 Delight Points on usage between 31 and 90 days from the date of issue. Interest Rate 2.9% per month, Other Features 2 Spending on Travel, Shopping, Food, Film etc. Delight Points for every Rs.150 made. Other Features Interest-free credit up to 48 days. 1% fuel surcharge waiver at all fuel stations for Rs 400-4,000 spent. Discounts on airport shopping, hotels, car rentals, etc. Travel Concierge Services by Visa.INSURANCENA
To be eligible for this type, you must have a Burgundy savings account with a net monthly salary credit of ₹3 lakh. If you do this, you can get a lot of benefits for free. Welcome Benefit Amazon Voucher of Rs 2,000 on the first card transaction, which is to be done within 90 days of card issuance. Reward Points for every Rupee spent10 Axis Edge Reward Points.200.2X Reward Points for every Rs.200 spent on retail purchases. Other Features Up to Rs.500 off per month on minimum purchase of Rs.2,000 at BigBasket. 40% off on Swiggy up to Rs.200. .300 on second ticket at BookMyShow. Annual visits to 6 international lounges with Priority Pass membership. 5,000 edge points on spending Rs 3 lakh in a year. 6 complimentary golf rounds a year. 1% fuel surcharge waiver on Rs.400- Rs.4,000 off at partner restaurants. 20% off. Insurance Air accident cover up to Rs 2.5 crore. Security up to Rs 1 lakh. $500 cover for loss of documents, loss and delay of checked-in baggage. Interest rate 3.6% a month
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Dhanlaxmi Bank Platinum
While it doesn’t offer joining benefits or rewards program, it’s cashback and travel insurance offers are great. Interest Rate: 3% per month Insurance cover for accidental death and PTD up to Rs 10 lakh. 10 lakh purchase protection. Rupee. 35 lakh air accident insurance (death). Up to Rs 25,000 for loss of baggage. $500 for loss of travel documents. $300 missing flight due to transshipment. $300 for a delay of more than 12 hours in receipt of checked baggage (international). Flight (international) delayed for more than 12 hours for $250. Welcome BenefitsGraduation MarkingOther Features 5% cashback on supermarket and departmental store purchases. Offers on luxury goods, food, golf and travel. Online concierge facility. Global customer support for emergencies.
