Usually, a credit card user pays a renewal fee or membership fee to keep using the credit card. However, nowadays, banks have started offering lifetime free credit cards to their customers. With this credit card, you will not have to pay a single penny towards any renewal or annual fee.
If you are interested in learning more about these credit cards, read about their features and benefits that you can enjoy.
- Numerous lifestyle benefits
Some of the best credit cards offering this lifetime-free feature provide additional benefits such as discounts on dining or food deliveries, airport lounge access, railway lounge visits, discounts on movie tickets, online shopping, etc. While considering which credit card is the best, evaluate the additional benefits offered along with the card. You can decide which card to opt for based on the most valuable benefits.
- No annual fee
No annual fee is the essential feature of a lifetime-free credit card. Customers who opt for lifetime-free credit cards do not have to worry about paying any annual fee again. If they apply for one of these cards from a reputed lender, they will most likely get competitive interest rates too. Many banks also offer the benefit of interest-free cash withdrawals on domestic and international ATMs through these credit cards for up to 48 days.
- Several rewards and cashback offers
There are numerous benefits that a lifetime-free credit card can offer its users. A lot of banks are known to include rewards as well as cashback offers with varying spending ranges. You can use these rewards and cashback offers while shopping for specific products mentioned in the credit card offer.
- Fuel surcharge waiver
A fuel surcharge is a separate fee added above the fuel cost. Some of the best lifetime-free credit cards offer a fuel surcharge waiver of up to 1% at all fuel stations in India. The current fuel prices can be a huge saving opportunity for the credit cardholder.
- Quick application approvals
Unlike the standard credit card that most people use, the income requirements of most lifetime-free credit cards are low. Even the eligibility requirements for these cards are basic. It makes applying for this credit card straightforward, with banks providing quick approvals.
Lifetime free credit cards can even include insurance covers. Depending on your bank and card, you can get a personal accident and lost card liability cover. Some banks, like IDFC FIRST Bank, also include a complimentary roadside assistance feature with a lifetime free credit card. IDFC FIRST Bank credit cards are also great to avail of discounts at leading restaurants and health and wellness outlets.