Lifetime Free Credit Cards: 0% Fees, 100% Benefits! These Credit Cards Are Offering Multiple Deals—Along with Cashback..
What is the first thing that comes to your mind when you hear the term "credit card"? Hefty fees, numerous terms and conditions, and various types of charges. However, there is no longer any need for you to worry. Several companies are now offering credit cards that require you to pay neither a joining fee nor an annual fee. Today, we will tell you about two such credit cards that come with zero fees, yet offer vastly different benefits. We will be discussing the Yes Bank PaisaSave Credit Card and the Axis Neo Credit Card.
**No Fees on Either Card**
Both the Yes Bank PaisaSave Credit Card and the Axis Neo Credit Card feature zero joining fees and zero annual fees. While the Yes Bank card is ideal for travel, dining, and cashback, the Axis Bank card is an excellent choice for online shopping and rewards. However, the Yes Bank card does not offer any welcome benefits. In contrast, the Axis Bank card offers a 100% cashback facility—up to ₹300—on utility bill payments made within the first 30 days of the card's issuance.
**How Much Cashback Does Each Card Offer?**
* 6% cashback (in the form of 12 Reward Points) for every ₹200 spent on dining and travel.
* 1% cashback (in the form of 2 Reward Points) for every ₹200 spent on expenses in other categories.
* 1 Reward Point = ₹1, which can be redeemed as a statement credit via the YES Rewards platform.
* 1 EDGE Reward Point for every ₹200 spent.
* Reward Points can be redeemed against products available in the EDGE Rewards catalog.
* 100% cashback (up to ₹300) on your first utility bill payment.
**Which Card Offers the Most Benefits?**
6% Cashback on Travel and Dining Expenses
1 Reward Point = ₹1; High Redemption Ratio
Reward Points can be converted directly into Cash
Value-back available across any brand
Low Annual Fee; Easily Waivable
Up to 40% Discount on Online Spending via Partner Platforms
Discounts on Zomato, Blinkit, BookMyShow, Myntra, etc.
Monthly Savings of up to ₹500 on Dining Bills
What are the Drawbacks of Each Card?
Caps on Value-back Earnings
No Value-back on UPI Transactions under ₹2,000
No Complimentary Airport Lounge Access
Low Reward Point Earning Rate on Card Spending
Limits on Discount Benefits for Online Spending
No Complimentary Airport Lounge Access
Which Card Should You Choose?
If you are looking for a card with absolutely no annual fee and you travel frequently, the YES Bank PaisaSave Credit Card would be an excellent choice for you. On the other hand, if you shop online extensively and are looking to avail of discounts, the Axis Neo Credit Card would be the better option.
Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
