Do you want to get easy access to credit? Yes? Then, get a credit card!
Credit cards function on a deferred payment basis. You can use the credit card at your convenience and pay the bill for your purchases later without paying interest. However, you must pay the bill before the due date.
Besides, what else makes a credit card worth it? The best part of using a credit card is that it does not let you dent your bank balance. These cards also help you establish a positive credit history if you ensure and maintain regular payments to your monthly bill.
Knowing the benefits, fees, and interest rates helps you choose the best credit cards that match your requirements. This article is curated to facilitate your search by listing some of the best lifetime free credit cards that never charge the usual annual fee.
Before listing the lifetime free credit cards, let’s learn the benefits of choosing these cards.
Why Should You Choose a Lifetime Free Credit Card?
You will be amazed to know that in January 2023, there were 82.4 million active credit cards in India; this number has been growing steadily and reached 86.5 million in April 2023. The significant reason this number is increasing is because of the numerous benefits one can avail of using these free credit cards, some of which are listed below:
1. Highly Affordable
Choosing a lifetime free credit card involves zero joining or annual fees. These cards are best for all types of individuals as they are pocket-friendly.
2. Easy Approval
Getting approval for lifetime free credit cards is comparatively more accessible than other premium credit cards. The primary reason is that premium card approval mandates a specific income requirement, which is not required with lifetime free credit cards.
3. Credit Building
Numerous people are new to credit or want to build or maintain a healthy credit score. Thus, it can be beneficial for them to create a positive credit history without incurring any additional expense.
4. Finance Charges
Here is another significant benefit of a lifetime free credit card, i.e., you get interest-free credit. Your Credit Card gives you 25 to 50 days of interest-free credit; therefore, if you settle your bill before the due date, you will not have to pay any interest on your spending.
5. Reward Points
Apart from the benefit that there is no annual fee, another noteworthy point is that a lot of cards offer cashback, reward points, or miles rewards. This means that the more you spend, the more reward points will be added that can be redeemed later for travel, gift cards, etc.
6. No Foreign Transaction Fee
This can be beneficial, especially for people who frequently travel abroad. There are various lifetime free credit cards that do not charge any fee for making foreign transactions.
Best Lifetime Free Credit Cards
Here we have listed two best lifetime free credit cards for you to check out:
1. IDFC First Bank Credit Cards
Apply for IDFC lifetime free credit cards for unlimited rewards, lounge access, movie tickets, roadside assistance, and fantastic cashback offers. All 4 credit cards offered by IDFC First Bank- Millenia, Classic, Select, and Wealth; are lifetime-free and offer incredible rewards. Additionally, these credit cards provide all the features offered in premium credit cards.
Features
- List card liability cover
- Railway lounge visits
- Domestic airport lounge access
- Reward points without any upper limit
- Air accident cover
- Personal accident cover
- Fuel surcharge waiver.
2. Amazon Pay ICICI Bank Credit Cards
Use the Amazon Pay ICICI credit card without paying an annual fee, and get incredible discounts to shop from Amazon. This lifetime-free credit card is a basic card that is easy to use. It is one of the best cards, especially for people who frequently purchase products from Amazon.
Features
- Offers between 2% to 5% unlimited rewards and 1% on all other spends
- Surcharge waiver on fuel purchase
- There is no expiry date and upper or lower limit to the Amazon Pay Balance that you spend or earn.
How to Apply for a Lifetime Free Credit Card?
The process to apply for a lifetime free credit card is similar to premium credit cards. You need to visit the official website of the bank/card issuer from which you want the credit card to be issued. Under the personal banking section, you need to hit the ‘Apply for the Credit Card’ option. Once you follow this process, you will get a call from an executive.
How to Pick the Right Lifetime Free Credit Card?
You can find the best lifetime free credit cards for your spending habits and goals by following the below-mentioned steps:
1. Check your Credit Score
Checking your credit score is essential to determine whether you are eligible for the credit card you want to apply for. The better your credit score is, the more chances you have of getting approval for that card.
2. Identify your requirements, and choose an appropriate credit card
Once you know the purpose of applying for a credit card, you can make the right selection. Decide whether you want the card to earn rewards (If yes, then go for Rewards, Travel, or Cash Back Credit Cards) or save money on interest (go for Low-Interest 0% APR or Balance Transfer Card). Thus, choosing the right card can be easy once you determine your purpose, as it will help you avail of the maximum benefits.
Documents required to apply for lifetime free credit card
If you are looking to apply for some of the best lifetime free credit cards, you would need to provide a few documents.
1. Identity Proof
The foremost thing required is government-issued identity proof, such as Passport, Aadhar Card, Voter-ID or driver’s license
2. PAN Card
The next important document that you would need to submit is a Permanent Account Number (PAN), as it is vital for taxation purposes
3. Address Proof
You would also need to submit one document that verifies your residential address. It can be an electricity bill, post-paid phone bill, water bill, bank statement, rent agreement, Aadhar card, etc.
4. Income Proof
Lenders need income proof to see whether you will be able to repay the credit card bills or not. Thus, you can provide salary slips, bank statements, or income tax returns to show your income.
Note: These are general documents required to apply for a free lifetime credit card; it can vary from bank to bank. Hence, read the requirements carefully before applying for a credit card.
Wrapping Up
With both of these best lifetime-free credit cards, you can experience how valuable credit cards can be without having any strings attached! Apply for any of these cards and enjoy all the benefits of having a credit card without paying any annual fee.
