A credit card, when used effectively, can be quite useful and beneficial. You can enjoy numerous cashback offers, rewards, as well as discounts upon using your credit card. Now, did you know that banks also offer a credit card variant known as a ‘lifetime-free credit card’? Applying for this card would mean that you would not have to incur any annual fees!
If you are interested in learning about the lifetime-free credit cards, read below for more information :
How to apply for lifetime-free credit cards?
Here are the steps involved in applying for a credit card through the online method:
- Sign into your net banking account and then thoroughly go through the credit card section. Upon finding the ‘lifetime-free credit cards’ section, click on the option that is most suitable.
- Please make sure that you have checked the eligibility criteria which is listed by the bank when it comes to applying for a lifetime free credit card.
- Next, click on the ‘apply’ button and enter personal details such as name, income proof, and age.
- Submit official documents required by the bank to verify your details provided on the application form.
- After completing the steps mentioned above, please go ahead and click on the ‘submit’ button.
What are the features of lifetime free credit cards?
Listed below are some of the different features that are associated with lifetime free credit cards:
- There are no annual fees for these cards
One of the salient features of lifetime free credit cards is that for using these cards, you are not required to pay any annual fee. Moreover, the income requirements of these cards are generally low. Also, the eligibility requirements for these cards are also fairly straightforward. These minimal requirements make for a quick approval of your application.
- Banks offer various rewards through these cards
Another benefit of free credit cards is that they are known for offering rewards. Rewards are offered in the form of cashback on expenditures. Depending on the terms that you choose, it is possible for you to redeem these rewards in the form of services and products or even cash.
- Users can enjoy multiple lifestyle benefits
Lifetime-free credit cards are also known for offering other benefits such as discounts on food delivery or dining, free movie tickets, online shopping, and airport lounge access. For example, per quarter, IDFC FIRST Bank’s Lifetime-free credit card FIRST Classic is known for offering four complimentary railway lounge visits. Before signing up for a card, it is prudent on your part to compare the different rewards and benefits offered by the different cards and choose the one that suits your lifestyle the best.
You can also enjoy additional benefits of a lifetime-free credit card such as unlimited reward points that don’t have an expiry date as well as fuel surcharge waivers. To avail of these credit cards, just make sure that you meet the eligibility criteria set by your bank.
