Credit cards provide several benefits – cashback offers, discounts, lounge benefits at airports, rewards and much more. If credit card owners are asked if they have any concerns about this method of payment, they may respond that the annual fee occasionally makes them wince. Furthermore, a lot of credit card users avoid using their cards when they learn that there is an upfront joining fee. For those who are unaware, here’s a magic trick: you can release yourself from those bonds with the help of a lifetime free credit card!
A “lifetime free” credit card is a credit card that does not charge an annual fee, not just for the first year but for as long as you have the card This can be a great option for people who want to save money on credit card fees, but it’s important to understand the terms and conditions of the card before you apply.
Pros and Cons of Lifetime Free Credit Cards
Pros:
- No annual fee: This is the biggest advantage of a lifetime free credit card. You won’t have to pay an annual fee, which can save you a lot of money over time.
- No foreign transaction fees: Some lifetime free credit cards do not charge foreign transaction fees, which can be a great benefit if you travel internationally.
- Other benefits: Some lifetime free credit cards offer other benefits, such as travel insurance, purchase protection, and extended warranties.
Cons:
- Lower rewards rates: Lifetime free credit cards typically have lower rewards rates than credit cards that charge an annual fee.
- Limited features: Lifetime free credit cards may not have as many features as credit cards that charge an annual fee.
- Higher interest rates: Lifetime free credit cards may have higher interest rates than credit cards that charge an annual fee.
How to Find a Lifetime Free Credit Card
When searching for a lifetime free credit card, bear the following points in mind:
- Your credit score: Lifetime free credit cards are typically available to people with good or excellent credit.
- Your spending habits: If you don’t spend a lot of money on your credit card, you may not be able to justify the rewards rate on a lifetime free credit card.
- The terms and conditions of the card: Be sure to read the terms and conditions of the card before you apply, so you understand the fees and benefits.
Some Popular Lifetime Free Credit Cards
Here are a few popular lifetime free credit cards:
- Discover it® Cash Back: This card offers a 5% cash back bonus on rotating categories each quarter, up to $1,500 in spending.
- Capital One VentureOne Rewards Credit Card: This card offers 1.25 miles per dollar spent on all purchases.
- Chase Freedom Flex℠: This card offers 5% cash back on rotating categories each quarter, up to $1,500 in spending.
- Discover it® Miles: This card offers 1.5 miles per dollar spent on all purchases.
- IHG One Rewards Traveler Credit Card: This card offers up to 17 total points per $1 spent when you stay at IHG Hotels & Resorts.
A lifetime free credit card can be a great option for people who want to save money on credit card fees. However, it’s important to understand the terms and conditions of the card before you apply, so you know what you’re getting into.
What are the documents needed for a lifetime free credit card?
Here is the list of documents needed for a lifetime free credit card:
- Passport-size photographs
- Proof of income
- Address proof
- Identity proof
How to apply for a lifetime free credit card?
Here are the steps to apply for a lifetime free credit card:
- Go to the bank’s or the credit card lending financial institution’s official website.
- Go to the credit card application section
- Examine the available credit cards and search for those that have the labels “no fee” or “zero fee.”
- Prior to applying for a credit card, make sure you have read the requirements.
- Click on ‘Apply’
- Complete the credit card application form in its entirety.
- Upload all the documents as requested
- Click on ‘Submit’
Best Lifetime Free Credit Card 2024
FAQ
Is it good to take lifetime free credit card?
What is the meaning of free for life credit card?
Is one credit card lifetime free?
What is the meaning of life time credit card?
What are the benefits of lifetime free credit cards?
The following are the benefits – The absence of annual fees is a significant advantage of lifetime free credit cards. By eliminating this expense, you can save a considerable amount of money each year. To illustrate, banks usually charge Rs 500 to Rs 2000 per year as annual fees.
What are lifetime free credit cards in India?
Lifetime free credit cards in India offer the convenience of credit without annual fees. They are an excellent choice for individuals who want to access the benefits of credit cards without incurring additional charges, making them a cost-effective financial tool for various everyday needs.
Can I get a lifetime free credit card from HDFC Bank Ltd?
Credit Card approvals are at sole discretion of HDFC Bank Ltd You can get a Lifetime free Credit Card if you use Credit Card smartly. Know which Credit Cards have no annual fee & the various charges you pay for a Credit Card.
Are free credit cards free?
As is obvious from the name,these credit cards are free for lifetime, i.e. you do not have to pay any fee to use the card regardless of how you use the card. Lifetime free credit cards are almost always entry-level cards and usually do not offer many additional benefits like airport lounge access, complimentary golf games, insurance, etc.