Among the various kinds of credit cards, you can eliminate certain charges by selecting a lifetime-free credit card in India. These credit cards function similarly to cards with annual fees, providing you with maximum benefits at a lower cost.Â
This allows you to make purchases while saving more by using perks like cashback and reward points. Before applying for one, understanding the features related to such credit cards is crucial. That way, it’s easy to select the best among the available options.
Why to Consider a Lifetime-free Credit Card
Understanding the key features of a lifetime-free credit card makes it easy to decide which option is most affordable. The meaning of lifetime free credit cards is that it is free in terms of joining and renewal fees.
| Annual fee | This is a charge you have to pay to keep your card active and continue using it every year. |
| Joining fee | When you get a new credit card, some issuers may charge an upfront joining fee to start your membership for the card. It increases the overall cost of getting a credit card. |
Apart from dodging these fees, you can also enjoy the following perks:
- Building Good Credit History: Without any recurring fees, the maintenance charges come down considerably. By paying the credit card bills on time, you can build your credit history over time.
- Avoiding Hefty Charges: While many credit cards have lucrative reward programs, they may come with hefty annual charges. This can reduce the benefit you get. By selecting a lifetime-free credit card, you can enjoy reward programs without worrying about the yearly charges.Â
Credit card companies provide reward programs with benefits such as:
- Accelerated points on spending a certain amount every month, quarter or year
- Getting points that can be converted to air miles for affordable travel booking
- Sign up bonus, such as points or gift vouchers
You can research such cards and their rewards to select according to your preference.
- Accessing More Flexibility: With this cards, you do not need to be concerned about spending a specific amount to justify the extra charges. You can spend according to your financial requirements, which adds to the convenience.
Best Lifetime Free Credit Cards in India
You can select among these cards with no annual fees depending on your purchasing habits.
| Credit Cards | Key Features |
| IDFC FIRST Select Credit Card |
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| ICICI Bank Platinum Credit Card |
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| HSBC Visa Platinum Credit Card |
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| Aspire Platinum Credit Card (IDBI Bank) |
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How to Apply
There are a few eligibility criteria and other terms to take into consideration while applying for a lifetime-free credit card.Â
- Many issuers have an income limit; check before applying
- Select a card that provides reward programs that suit your lifestyle
- Look for the bonus on special occasions or on joiningÂ
- Like a regular credit card, a good credit score is required, if you have a low credit score, improve it before applyin
After checking all these factors, you can apply by following the process listed below:
- Step 1: Visit the issuer’s official website or download the app
- Step 2: Fill out the application form with the necessary details
- Step 3: Submit the documents needed by the issuer
- Step 4: Active the card upon successful verification Â
While there are many lifetime-free credit cards in the market, select an all-rounder can help you maximise benefits across transactions. The One Credit Card is one such lifetime-free credit card with no hidden cost. This premium metal card lets you earn 5X rewards on your top two spending categories each month.
What’s more, you can enjoy lucrative offers on festive shopping, like a flat 5% off on Puma and 35% off on Snitch. Using the One Credit Card App, which is built on full-stack technology, you can check offers near you with GPS. Apply now to enjoy the benefits without annual and joining fees!
