It is always considered to be a risky business to own a credit card and due to the risk of heavy penalty after default, most people refrain from owning any credit cards. But it seems quite shocking when I say that you are losing the opportunity to earn or save a lot of money using your free credit card only.
Yes! we get more benefits from using paid credit cards but there are many credit cards that are free and at the same time they provide benefits that are comparable to many paid credit cards. So here in the below article, I am going to list down the Best Free Lifetime Credit Cards for Indian users in 2022.
Best Free Lifetime Credit Cards
Although there are many free lifetime credit cards available in India right now not all credit card deserves on our list. All credit card comes with some benefits, discount, and earning program which is our main criteria to choose credit cards. All the cards which we are recommending here are completely free of cost lifetime with no hidden charges.
#1 OneCard: Credit Card
OneCard is an entry-level credit card launched by FPL Technologies that works on the IDFC bank platform through Visa (Signature) network. There is no joining or annual fee, markup Fee (1% + GST) & Interest rate (2.5%).
OneCard Credit Card
Annual Fee – Nil
Markup Fee – 1%+GST
Interest Rate – 2.5%
As said earlier this card is ideally a lifetime free credit card without any joining fee which also comes in metal form factor. the regular reward rate varies anywhere between 0.2% to 2% and in case you get 5X then your reward rate could be anywhere between 1% to 10%.
At present OneCard Is Offering Great Discounts Offers On Amazon, Flipkart, Swiggy, Zomato, BigBasket, BookMyShow, Etc. Not only salaried, but even students can also get this; the process is explained below.
Rewards
| Regular Rewards | 1 RP/ Rs.50 |
| Accelerated Rewards | 5X RP on top 2 categories |
| Point Value | 10 Ps to Rs.1 |
| Regular Reward rate | 0.2% to 2% |
| Accelerated Reward rate | 1% to 10% |
How to Apply?
OneCard initially was located in 15 cities including Pune, Mumbai, Bangalore, Ahmedabad, Baroda, Surat & Delhi but now it has been available to almost all locations.
- Download OneCard App & Register With Basic Details
- Do basic KYC (Aadhar, Selfie & PAN card)
- The app will automatically calculate the credit score and let you know if you are eligible to get this card.
- If You Are Not Eligible Then Just Make ₹2000 FD & You’ll Get a ₹2200 Credit Limit. The credit limit can be increased if you increase the FD amount.
Referral Scheme
The OneCard comes with a very lucrative referral scheme of up to 20000 points which is equivalent to ₹2000 into your credit card account. So if you own this card then you can get a good discount on your credit bill payment if you choose to recommend this card in your circles.
#2 Slice Super Credit Card
Slice card is also one of the best Free Lifetime Credit Card which is on our list. Slice Super Credit Card has collaborated with many merchants that lets you earn instant rewards on multiple categories, such as travel, dining, lifestyle, and more. You can also earn cashback on your transactions via this credit card.
Slice Super Credit Card
Annual Fee – Nil
Upto 2% Instant cashback on any transaction
Split bills with friends by taking notes or adding tags
Benefits
- 2% instant cashback on every transaction
- Shop anywhere and slice all your bills in 3 months without any extra charges
- Credit limit starting from Rs. 2,000 to Rs. 10 lakh
- News deals every week with Slice spark
- Accepted at 99.95% of merchants across the country
- Split bills with friends by taking notes or adding tags
- No joining or annual fees
Fee & Charges
| Type of Fee or Charge | Amount |
|---|---|
| Joining Fee | Nil |
| Annual/ Renewal Fee | Nil |
| Card Replacement Fee | Rs. 500 |
| Cash Withdrawal through ATM | Rs. 50 |
Eligibility criteria
- Occupation: Salaried or Self-employed
- Minimum Age Requirement: 18 years
- Citizenship: Indian
- Documents Required: Address proof, ID proof
How to Apply?
- Download SliceCard App & Register With Basic Details
- Do basic KYC (Aadhar, Selfie & PAN card)
- The app will automatically calculate the credit score and let you know if you are eligible to get this card.
- After approval, you will instantly get the credit limit starting from Rs. 2,000 to Rs. 10 lakh
#3 Uni Credit Card
The UNI Pay 1/3rd card was launched by Uniorbit Technologies (UNI), in partnership with the RBL Bank, State Bank of Mauritius (SBM), and Liquiloans. It is not like a traditional credit card where your interest starts accumulating from the first billing cycle’s payment date. With this card, you can pay your due amount in three parts spread over three months.
UNI Credit Card
Joining fee: Nil
Rewards: 1% cashback on full bill payment.
Minimum amount due: 7.5%
Features and Benefits of Unicard
- No joining fee and annual charges
- Pay your monthly spend in 3 parts in 3 months without any extra charges.
- Earn rewards every time you Pay in Full.Soon, get up to 5X value on Uni Store.
- Credit limit ranges between Rs. 20,000 to Rs. 6 Lakhs.
- Split your spends in 2. Or, pay in 1 month & get 1.2% rewards!
- Uni Pay 1/3rd card is accepted at over 99.9% of the merchants across India that accept credit or debit cards.
Fees and Charges
- Carry forward fee: Up to 5.5%.
- Late payment fee: As per the slabs of bill payment amount. No interest charged on late bill payment.
Eligibility Criteria
- Resident of India.
- Aged at least 18 years.
- Good CIBIL score.
How to Apply?
- Download App & Click on Get Started
- Do basic KYC (Aadhar, Selfie & PAN card)
- The app will automatically calculate the credit score and let you know if you are eligible to get this card.
- Card will be delivered to your address in Superb Packing with Lots of Free Gifts also.
Instant Approval, But Currently Available For Selected Pincodes.
Note: If Service Not Available at Your Pincode, Then You Can Change Pincode & Try Again On Your Friends/Relatives Pincode
