Are you searching for a way to enhance your financial independence this Holi? You can do so when you apply for a credit card. Among the numerous card choices, lifetime free credit cards emerge as an appealing option.Â
They are ideal if you wish to get a cost-effective option, as there’s no hassle of paying annual fees or joining fees. Find out more!
An Overview of Lifetime Free Credit Cards
Wondering why these cards are called so? You don’t have to pay initial joining fees or annual renewal charges. Also known as zero-fee credit cards, they let you enjoy various benefits of a credit card while minimising the associated expenses.
What’s a better deal than getting a new card on Holi? You can manage your Holi expenses with a lifetime free card and enjoy many perks and discounts. Though these costs are typically on the lower side, students or young professionals new to credit card usage may find it difficult to pay these charges.Â
The following individuals can apply for a credit card with zero charges:
- If you want a credit card with minimal fees and charges
- If you use your card only on an occasional basis
- If you want to expand your credit mix by getting a new card
- If you plan to get a card to boost your credit score
Steps to Apply for a Lifetime Free Credit Card
Want to get a card to add more colour to your Holi celebrations? Simply follow these steps:Â
- Step 1: Visit the official website of your preferred card issuer
- Step 2: Navigate to the credit card application section and look for ‘lifetime free’, ‘zero free’ or ‘no fee’ cards
- Step 3: Go through the eligibility criteria before you apply
- Step 4: Complete the application form with all the required details
- Step 5: Upload the requested documents and complete the KYC process
- Step 6: Click on ‘Submit’ to complete the application process
Features and Benefits Associated With Lifetime Free Credit Cards
To assess if these cards are well-suited for you, check out the benefits and features:
Cost-Effective Option
Want to know the USP of lifetime free cards? Yes, you read that right. You don’t have to pay annual fees to renew your card every year. Normally, card issuers charge a specific amount every month to keep your account active and continue the card usage for the year.Â
However, you don’t have to pay these charges when you get a lifetime free card. So, choose the right card this Holi and brighten your festivities.Â
Easier to Manage
As you are relieved from the worries of covering the card’s annual renewal charges, handling it becomes quite simpler. Most card issuers allow you to manage your account online from their apps or portals. So, you can easily get information about:
- Credit card status
- Available credit limit
- Next payment date
- Associated interest charges
- Transaction details
In addition, since these cards are easy on your pocket and managing them is easier, you can pay off your dues on time effortlessly. This way, there’s a strong likelihood that you can boost your credit score if they are lower or build a positive credit history if you’re a newbie.
Hassle-free EMI Conversion of Purchases
Another reason many get these cards is that they allow you to shop to your heart’s desire without stressing about the total cost of the purchase. This is possible because credit cards allow you to convert big-ticket purchases into affordable EMIs that you can repay comfortably. You can spend confidently, as there’s no need to make a lump sum payment.
Discounts, Cashback and Reward Points
Apart from the zero annual charges, these cards have many other perks to help you save more. These include:
- Cashback on qualifying purchases you make using the card
- Welcome bonuses or joining incentives like extra reward points and discounts
- Reward points with every transaction that you carry out using the card
- Complementary accidental coverage and travel insurance
- Gift cards and vouchers upon reaching specific spending thresholds
- Access to complimentary airport lounges and concierge services
- Waiver of fuel surcharges and other associated fees
As you can see, getting this card is a great way to manage your finances. One excellent option you can consider is the One Credit Card. This option is easy on your pocket since you don’t need to pay any joining fee or annual renewal charges. In addition, you also don’t need to pay any fees to redeem your reward points.
You also get various other perks, such as deals on shopping and dining, up to 5X rewards on top two spends and easy conversion of your large purchases into affordable EMIs. Apply now in just a few clicks.