Top SBI Lifetime Free Credit Card in India

If you’re looking for the best lifetime free credit card in India, SBI’s SimplySAVE Merchant Credit Cardstands out with over 21 million credit cards in use across India.

This is because it is the only universal SBI lifetime free credit card for all users. SBI also provides a SBI RuPay credit cards and other selection of cards that become lifetime free based on yearly spending.

This allows users, from salaried professionals to small business owners, to enjoy premium credit benefits without worrying about maintenance costs.

Let us explore the top SBI lifetime free credit cards that combine rewards, convenience and affordability.

4 SBI Lifetime Free Credit Cards

1. SimplySAVE Merchant SBI Card

• Joining fee: ₹499
• Annual/Renewal Fee: ₹499
• 10x rewards on movies, dining and grocery shopping
• 2,000 bonus reward points on card activation

SimplySAVE Merchant SBI Card is the only SBI lifetime free credit card available to all users without any conditions. It is made primarily for micro, small and medium enterprises (MSMEs).

The card helps these businesses to meet their short-term credit requirements. This credit card also provides several benefits and rewards to its users.

Here are some key benefits and features that make the SimplySAVE Merchant SBI Card a smart choice for business owners: 

Features & Benefits

• It comes with no joining fee and no annual fee. 
• You can earn 10 Reward Points every time you spend ₹150 in Departmental and Groceries stores, Movies and Dining.
• For all other purchases made using the card, you will earn 1 Reward Point for every ₹150 spent.
• You can get a fuel surcharge waiver for up to ₹100 in a month if your transaction amount is between ₹500 and ₹3,000.

2. SBI Card Unnati

• Secured Card backed by FD
• Annual Fee: Rs. 499 from 5th year onwards
• 1 reward point per Rs. 100 spent
• Minimum FD Amount Rs. 25,000

The SBI Card Unnati targets individuals who are new to the credit world. People with a low or no credit history can get this credit card.

This credit card is a secured card that is issued against the SBI fixed deposit (FD) of the customer. To get this credit card, the customer needs to have a minimum of ₹25,000 in their FD.

Apart from this, here are some other SBI Card Unnati features and benefits of this card that you need to know: 

• It has no annual fee for the first four years, with a renewal fee of ₹499 applicable from the fifth year. 
• You can get a Reward Point for every ₹100 spent.
• You also get ₹500 cashback when you reach the milestone spending of ₹50,000.
• With 1% fuel surcharge waiver for transactions between ₹500 and ₹3,000, you can enjoy complete fuel freedom.

Also Read: Best Lifetime Free Credit Cards in India

3. OLA Money SBI Card

• 7% savings on co-branded spends on Ola
• Unlimited 1% savings on other card spends
• 1:1 rewards redemption ratio
• Quite low annual spending requirement to waive off annual fee

OLA Money SBI Card is a credit card that is specifically designed for frequent Ola users. Moreover, this card is also suitable for new credit card users who want to have valuable rewards for their spending on cabs. The value of 1 Reward Point of this card is ₹1.

The OLA Money SBI card offers the following features and benefits:

• It comes with no joining fee and a renewal fee of ₹499 per year, which is waived if your annual spending reaches ₹1 lakh or more. 
• You can earn 7% Reward Points on all of your Ola rides, which will be credited to your Ola Money Wallet.
• On all of your other spending, you can get 1% Reward Points.
• You can also get 1% fuel surcharge waiver all over the country and the maximum waiver you can get is ₹100 per statement cycle.

4. Shaurya Select SBI Card

• No one-time annual fee
• Renewal fee of ₹1,499 per year is waived if your annual spending reaches ₹1,50,000 or more.
• Every other spend of ₹100, you can earn 2 Reward Points.

Shaurya Select SBI Card targets the Indian Armed Forces. It is a premium credit card for the Army, Navy, Air Force and Paramilitary forces. Specifically designed to honour the service of these personnel, this credit card provides exclusive benefits. Some of these are discussed below: 

• The Shaurya Select SBI Card has no one-time annual fee. Its renewal fee of ₹1,499 per year is waived if your annual spending reaches ₹1,50,000 or more.
• You can earn 10 Reward Points on every ₹100 spent on Grocery and Departmental Stores (including CSD canteen), Movies and Dining.
• On every other spend of ₹100, you can earn 2 Reward Points.
• Upon renewal of this card, you get 1,500 Reward Points.
• You also receive a Pizza Hut e-Voucher for spending ₹50,000 in one year, worth ₹500.
• If you spend ₹5 lakh annually on Pantaloons or Yatra, you can get an e-Gift Voucher worth ₹7,000.
• You also get Personal Accidental Insurance worth ₹10 lakh.
• On all petrol pumps in India, you can get a 1% fuel surcharge waiver.
• You also get 24/7 concierge services with this card for flower delivery, gift delivery and more.

Why Is the SBI Lifetime Free Credit Card a Game-Changer for Small Businesses?

For small business owners, managing everyday expenses along with maintaining a steady cash flow can be difficult. For them, the SimplySAVE Merchant SBI Card changes that dynamic. This SBI lifetime free credit card is specifically designed for MSMEs.

• It empowers entrepreneurs to meet their short-term financial needs without worrying about annual fees or hidden charges.
• Earning reward points on essential business purchases can transform daily spending into savings.
• It is particularly beneficial for small business owners who want to build their credit history and access affordable working capital.
• Using this card can help small businesses strategically manage operational costs, such as stocking inventory, travel and utility payments.

Use the Pice app to manage your SBI credit card bill payments effortlessly. Download the app now to track and pay, all in one place!

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4 Smart Tips to Maximise Value of SBI Lifetime Free Credit Cards

1. Pay Total Amount Due

Always try to pay the total due amount after the credit card statement is generated. By doing this, you can avoid interest charges as well as build a strong credit score. Eventually, a good credit score will help you in many ways to manage the capital flow in your business.

2. Collect Rewards

Use the SBI lifetime free credit card to pay for your purchases in departmental and grocery stores, movies and dining as well. This will help you get 10 times the reward points. 

3. Redeem Reward Points Responsibly

Just redeeming the reward points randomly is not very smart. Strategise your redemption through vouchers, cashback or merchandise. You can choose to go for anything that is most beneficial for you.

4. Avoid Defaulting in Any Way

Remember, you need to keep track of avoiding over-limit and cash advance fees, along with the late fee. Escaping these defaults will help you maintain a good image in the eyes of the issuer bank, that is, SBI. This will help you avoid unnecessary expenses and also be on the good side with the bank.

Conclusion

SimplySAVE Merchant SBI Card is the universal SBI lifetime free credit card. Among others that can be free for a lifetime upon meeting certain conditions are SBI Card Unnati, OLA Money SBI Card and Shaurya Select SBI Card. These cards help manage cash flow for small businesses effectively. 

If you are looking for the simplest ways to use these cards for business payments, the Pice app is here for you, just a few clicks away!

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