Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Custom Free
     

    Get a card

  • SBI Lifetime Free Credit Card

    Loading your search...
  • There are many companies and banks in India who offer credit cards without an annual fee (or popularly known as the lifetime free cards). But picking the right card based on your lifestyle needs turns out to be a daunting task. However, talking about SBI (State Bank of India) in specific, they not only have a set of categories to match the lifestyle needs of different individualities but also offer a few credit cards that are free for life.

    Note: Understand that the option of “lifetime free” scheme on any SBI credit card does have an annual fee. The annual charge is generally Rs.499, which can be reversed if you spend a particular amount within the course year. When this happens, they usually say that there is no annual fee. However, the fact is that the card does have an annual charge and can only be reversed if you meet the requirements as stated by the bank.

    So, let’s see in detail what credit cards are offered as lifetime free by the SBI.

    SBI Lifetime Free Credit Cards

    SBI currently offers 3 credit cards that are free for a lifetime (or no annual fee credit cards). These include:

    SBI Simply Save Credit Card

    The SBI Simply Save Credit Card is designed for users who are looking for good deals on entertainment, fuel, dining, and grocery. Make a note that this credit card does not earn high points with online purchases. Therefore, use this card mostly when you are dining out, watching movies, and purchasing groceries.

    Features & Benefits of Lifetime Free SBI Simply Save Credit Card

    • It offers a cashback of Rs.100 when you withdraw the amount from an ATM for the first time. However, this has to be done within 30 days of receiving the card.
    • It offers a fuel surcharge of 1% at any petrol pump in India, given that the transaction amount is between Rs.500 and Rs.3,000.
    • The card can be used at 24+ million outlets in the world and 3,25,000+ outlets within India.
    • With the option of FlexiPay, the transactions can be converted to EMIs.
    • With EasyMoney, you can easily receive a cheque or draft against the cash limit and have it delivered to your doorstep.
    • The utility bills can be paid in no time.

    Rewards of Lifetime Free SBI Simply Save Credit Card

    • You get 2,000 reward points as a bonus if you spend Rs.2,000 in the first 60 days of the credit card purchase.
    • You get a value back of upto 2.5%.
    • You get 10× accelerated reward program for every Rs.100 that is spent on movies, dining, departmental and grocery stores.
    • You will earn 1 reward point for every Rs.100 that is spent on the card.
    • The accrued reward points can be redeemed for various gifts.

    Fees and Charges of Lifetime Free SBI Simply Save Credit Card

    Type of fee Charges
    Joining fee Rs.499
    Annual fee Rs.499, which is reversible from the second year onwards
    Add-on charges Free
    Interest-free period 20 to 50 days
    Finance charges 2.5% per month (30% per year)
    Cash advance limit 80% of the credit limit (Rs.12,000 maximum per day)
    Cash advance fee 2.5% of the total transaction amount (Rs.300 minimum)
    Fee for cheque pickup Rs.90
    Statement retrieval fee Rs.100 for each statement
    Charge slip retrieval fee Rs.225
    Late payment charges
    • If the total credit card bill is from Rs.0 to Rs.200, there is no penalty.
    • If the bill amount is from Rs.200 to Rs.500, the penalty is Rs.100.
    • If the bill amount is from Rs.501 to Rs.1000, the penalty is Rs.400.
    • If the bill amount is from Rs.1,001 to Rs.10,000, the penalty is Rs.500.
    • If the bill amount exceeds Rs.10,000, the penalty is Rs.750.
    Over limit fee 2.5% of the over limit amount (minimum Rs.500)
    Card replacement fee Rs.100
    FTF (Foreign Transaction Fee) 3.5%
    Cash payment charge Rs.100

    Note: To ensure that you get the “no annual fee/lifetime free” offer, you should spend Rs.90,000 on the card in the previous year. If this requirement is not met, the bank will charge Rs.499 annually.

    SBI Unnati Credit Card

    The SBI Unnati Credit Card is a great option for beginners or first-time users. Though the annual fee is Rs.499, it is free for the first four years. This means that it is a Zero Fee Credit Card for the initial 4 years. However, the reward rates are low when compared to its variants.

    Features & Benefits of Lifetime Free SBI Unnati Credit Card

    • The SBI Unnati Credit Card can be used at 24+ million outlets in the world.
    • It can be used at more than 3,25,000 stores in India.
    • It offers 1% fuel surcharge waiver, given that the transaction amount is between Rs.500 and Rs.3,000.
    • It offers the option of transferring any other credit card outstanding balance to this card for a low interest rate, which can be paid in EMIs.
    • It helps you save a good amount of money while paying off the credit card dues.
    • With the help of EasyMoney, you can easily receive a cheque or draft against the cash limit and have it delivered to your doorstep.
    • The utility bills can be paid in no time.

    Rewards of Lifetime Free SBI Unnati Credit Card

    • You can earn 1 reward point for every Rs.100 that is spent with the card.
    • The accumulated reward points can be redeemed for exciting gift vouchers that are mentioned in their official catalog.
    • It offers milestone rewards too. It gives you a cashback of Rs.500 if you spend Rs.50,000 in a year.

    Fees and Charges of Lifetime Free SBI Unnati Credit Card

    Type of fee Charges
    Annual fee Free for the first four years
    Renewal fee Rs.499 from the fifth year onwards
    Add-on card charges Nil
    Interest-free period 20-50 days
    Finance charges 2.5% per month (30.0% per year)
    Cheque pickup fee Rs.90
    Statement retrieval fee Rs.100 for each statement
    Charge slip fee Rs.225
    Late payment charges
    • If the total credit card bill is from Rs.0 to Rs.200, there is no penalty.
    • If the bill amount is from Rs.200 to Rs.500, the penalty is Rs.100.
    • If the bill amount is from Rs.501 to Rs.1000, the penalty is Rs.400.
    • If the bill amount is from Rs.1001 to Rs.10,000, the penalty is Rs.500.
    • If the bill amount exceeds Rs.10,000, the penalty is Rs.750.
    Over limit fee 2.5% of the actual over limit amount
    Card replacement fee Rs.100
    FTF (Foreign Transaction Fee) 3.5% of the transaction amount
    Fee to redeem the rewards Rs.99
    Fee for cash payment Rs.100

    SBI Simply Click Credit Card

    The SBI Simply Click Credit Card is exclusively designed for users who love to shop at both online and physical stores. Though the annual fee is Rs.499, it is reversible from the second year, given that you have spent Rs.1 lakh in the last year. Besides this, the card also offers multiple features, benefits, and other attractive deals at various online stores like Amazon, MakeMyTrip, Flipkart, ClearTrip, etc.

    Features and Benefits of Lifetime Free SBI Simply Click Credit Card

    • There are special gift vouchers at the time of joining.
    • The offers and rewards are decent.
    • The fee is low.
    • There is a waiver on fuel surcharge.
    • It comes with contactless technology.
    • It offers Rs.500 worth Amazon Gift Card at the time of joining.
    • It offers 40% discount on UrbanClap if you are using it for the first time.
    • It offers Rs.600 off when booking with Zoomcar on bookings made over Rs.2,500.
    • The card can be used at 24+ million outlets in the world and 3,25,000+ outlets within India.
    • With the option of FlexiPay, the transactions can be converted to EMIs.
    • With EasyMoney, you can easily receive a cheque or draft against the cash limit and have it delivered to your doorstep.
    • The utility bills can be paid in no time.
    • The card has an inbuilt feature of contactless technology, meaning that you just have to wave your credit card at the reader and the transaction is done in seconds.

    Rewards of Lifetime Free SBI Simply Click Credit Card

    • The reward rate varies from 0.25% to 2.5%.
    • It offers 5× accelerated reward program for every Rs.100 that is spent on e-commerce platforms.
    • It offers 10× accelerated reward program when the card is used for Amazon, ZoomCar, BookMyShow, etc.
    • You get an e-voucher that is worth Rs.2,000 for bookings above Rs.1 lakh made via ClearTrip.
    • You will earn 1 reward point for every 100 rupees that are spent through the card.
    • The accrued reward points can be redeemed for various gifts.

    Fees and Charges of Lifetime Free SBI Simply Click Credit Card

    Type of fee Charges
    Joining/annual fee Rs.499 for the first year
    Add-on card charges Nil
    Interest-free duration 20 to 50 days
    Finance charges 3.35% per month (40.2% per year)
    Cash advance limit 80% of the credit limit (Maximum Rs.12,000 per day)
    Cash advance fee 2.5% of the total transaction amount (Rs.300 minimum)
    Fee for cheque pickup Rs.90
    Statement retrieval fee Rs.100 for each statement
    Charge slip retrieval fee Rs.225
    Late payment charges
    • If the total credit card bill is from Rs.0 to Rs.200, there is no penalty.
    • If the bill amount is from Rs.200 to Rs.500, the penalty is Rs.100.
    • If the bill amount is from Rs.501 to Rs.1000, the penalty is Rs.400.
    • If the bill amount is from Rs.1001 to Rs.10,000, the penalty is Rs.500.
    • If the bill amount exceeds Rs.10,000, the penalty is Rs.750.
    Over limit fee 2.5% of the over limit amount (minimum Rs.500)
    Fee for card replacement Rs.100
    FTF (Foreign Transaction Fee) 3.5% of the transaction amount
    Fee for reward redemption Rs.99
    Cash payment charge Rs.100

    Note: The annual fee from the second year onwards is reversible, provided that you have spent Rs.1,00,000 in the previous year. Else, you have to pay the annual fee of Rs.499.

    How To Apply For Lifetime Free SBI Credit Cards Online?

    • Step 1: Go to the official website of the SBI (https://www.sbicard.com/).
    • Step 2: From the menu, choose Credit Cards. Under that click the button Apply Now.
    • Step 3: From the list of credit cards, choose the one suiting your lifestyle needs.
    • Step 4: Fill all the required information. Click submit.
    • Step 5: Once the details are verified, a representative from the bank will call you and assist you with the further process.

    Important FAQS On SBI Credit Cards

    1. What are the options for redeeming the rewards?

    The accrued reward points can be easily redeemed for:

    • Gift vouchers
    • Cashback
    1. Is there a charge for redeeming the reward points?
    2. Yes. The fee for redeeming the reward points is Rs.99 + taxes.

    3. How long are the reward points valid?
    4. The accumulated reward points are valid only for 24 months. The rewards that are not redeemed within this duration will expire.

    5. Can you redeem the rewards once the SBI Credit Card is closed?
    6. There is no way that you can redeem the reward points once the card card account is closed.

    7. How is the interest rate calculated?

    It depends on the finance charge and total due amount.

      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    SBI Lifetime Free Credit Card Reviews

    • IndusInd Bank Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I received a card on time which was applied through an online with INDUSIND bank. It is a life time free credit card. The credit limit is given was okay because I was expecting more than that. So far no issue faced by using this card. Their service is good.
      Was this review helpful? 4
      , mumbai
      Reviewed on Oct 17, 2019
    • HDFC Bank
      HDFC Bank Credit Card
      "Need to enhance the credit limit"
      0.5 3.0/5 "Satisfactory"
      For the past 2 years I am using HDFC BANK credit card for more than 2 years with low credit limit of 21 thousands only for 2 years I am using this card yet they have not enhance it. It is a life time free credit card. EMI option is applicable and charges are nominal.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 17, 2019
    • SBI Cards Credit Card
      "Need to enhance the credit limit"
      0.5 3.0/5 "Satisfactory"
      I have been holding SBI credit card for more than 3 years. It is an annual fee chargeable of 2000 rupees and there is no option for a waiver off. The credit limit is sufficient for 50 thousands only. EMI option is applicable for this card and it is nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2019
    • ICICI Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have ICICI Bank credit card which was taken through Bank directly .I am using this credit card for the past 2.5 years ,The credit limit was very less and there was no difficulties faced so far ,I have got the credit card on time without any hassle and this card is really good to use .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 17, 2019
    • IndusInd Bank Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The reason for taking Indusind Bank Ltd credit card because of the higher credit limit. I have used the card and made a payment as well without any difficulty. The credit limit is more than sufficient. They did not inform me about the reward points. The documentation process is easy.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2019
    • RBL Bank Credit Card
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I am holding RATNAKAR BANK credit card for more than 2 years. It is an annual fee chargeable card of 1000 rupees and there is an option for a waiver off for a certain amount of usage. EMI option is applicable and charges are nominal. I use this card for many purposes.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 17, 2019
    • IndusInd Bank Credit Card
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have Indusind Bank credit card which was taken through Online .I have got the credit card on delay basis it took 1month time that was the difficulty faced by me .The credit limit was good and this was a free card .I am really satisfied with the service so far .There was no cash back offers and reward points .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 17, 2019
    • Citibank Credit Card
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have Citi Bank credit card for the past 1 year .I am using this credit card for the past 1year .I have got all the required details about the card process ,I have got this credit card on time without any hassle .The credit limit was pretty good and there was no drawbacks faced .I am satisfied with the service .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2019
    • RBL Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have Ratnakar Bank credit card which was taken through Bank .I am using this credit card for the past 1 year and it was a chargeable card ,I have got my credit card on time without any delay .The credit limit was really good and there was no drawbacks faced .I am realy satisfied with the service .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2019
    • SBI Cards Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      I have State Bank OF India credit card which was taken through Bank direclty.I am using this credit card for the past 6 years .I have got good credit limit and there was no difficulties faced while using tis card .It is very easy to use and very comfortable as well .I am satisfied with this credit card so far.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 17, 2019
    • HDFC Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have HDFC Bank credit card which was taken through Bank.I am using this credit card for the past 6 years .I have got all the required details about the card process ,I have got my credit card on time without any details .The credit limit was really good and there was no drawbacks faced .I am totally satisfied with the service .
      Was this review helpful? 2
      , mumbai
      Reviewed on Oct 17, 2019
    • IndusInd Bank Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      I am using Indusind Bank credit card which was taken through Online .The credit limit was very good it was upto 1 lakh it was sufficient .I have got all the required details about the card process.I have not faced so far on using this card .This was a free card .I am totally satisfied with the service .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2019
    • Kotak Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have Kotak Mahindra Bank credit card which was taken through Bank .I am using this credit card for the past 4 years ,This card is very easy to use and there was no difficulties faced so far .I am really satisfied with the service .I am comfortable with the service so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2019
    • RBL Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have Ratnakar Bank credit card which was taken through Bank directly. I am using this credit card for the past 1 year and got all the required information about the card process very clearly . This was a chargeable card and the credit limit was really good and it was 1,52,000. I am completely satisfied with the service.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2019
    • IndusInd Bank Credit Card
      "Need to enhance the credit limit"
      0.5 5.0/5 "Blown Away!"
      I received a card on time which was applied through an online with INDUSIND bank. It is a life time free credit card. The credit limit is given for 75 thousands which was low because I was expecting more than a one lakh. EMI option is applicable. I have been using this card for shopping, fuel and restaurant purpose.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2019
    • SBI Cards Credit Card
      "Very Nice to use"
      0.5 3.0/5 "Satisfactory"
      In SBI, they are providing a voucher if i pay the annual fee of Rs. 3000 and if i use more than Rs. 5000 yearly, the annual fee is getting waived off. In SBI, i have a prime card. They gave me a credit limit of Rs. 50000. Customer care service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2019
    • IndusInd Bank Credit Card
      "Very Good to use"
      0.5 5.0/5 "Blown Away!"
      They have given me a nice offers and the rewards points will be nice when I'm getting in a shopping. I have got the credit limit of Rs. 1 lakhs. There is a annual fee of Rs. 3000 but i can pay this by using the rewards points. I have got the first month bill and i have to pay on 24th of this month. The statement is clear to understand.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2019
    • ICICI Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have ICICI Bank credit card which was taken through Bank directly.I am using this credit card for the past 4 years and got all the required information about the card process very clearly .This was a free card and and there was no difficulties faced so far on using this card .
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2019
    • SBI Cards Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have State Bank Of India credit card which was taken through Bank.I am using this credit card for the past 4 years.This was a free card and there are good reward points as well as cash back offers .I have submitted the required documents very clearly .There are good reward points as well as cash back offers .I am satisfied with the service so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2019
    • IndusInd Bank Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have applied for a credit card with INDUSIND bank on two months before which was processed through an online. Within 2 days I received a call from their end once verification completed by 15 days I received a card. The credit limit is low as per my requirement. EMI option not aware. There was some requirement so I have chosen to apply for it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2019
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.