Credit Card: If you use a credit card, you are familiar with how annoying annual and renewal fees can be. These costs may mount up rapidly, turning your credit card into a pricey convenience. A superior substitute, nevertheless, is offered by lifetime free credit cards. For the whole period of their validity, these cards are free of yearly or renewal fees, as long as you keep your account in good standing. This article discusses the best banks that provide free credit cards for life and offer advice on how to apply for one.
What Are Lifetime Free Credit Cards?
One kind of credit card that has no annual or renewal fees is the lifetime free credit card. Lifetime free credit cards do away with the need for recurrent fees, which can range from several hundred to several thousand rupees per year for standard credit cards. It’s vital to remember that even while there are no annual or joining fees with these cards, there may still be additional costs based on how you use the card, such as interest charges, late payment fees, or cash advance fees.
Top Banks Offering Lifetime Free Credit Cards
Numerous leading banks in India provide lifetime free credit cards with a range of benefits to accommodate diverse spending patterns and lifestyles. Here are a few of the top choices that are available:
- Amazon Pay ICICI Credit Card
- IDFC FIRST Select Credit Card
- HSBC Visa Platinum Credit Card
- IDFC FIRST Millennia Credit Card
- ICICI Platinum Chip Credit Card
- AU LIT Credit Card
- IndusInd Bank Platinum Credit Card
Steps to Secure a Lifetime Free Credit Card
While lifetime free credit cards offer great value, they are not automatically available to everyone. Banks have specific eligibility criteria that applicants must meet. Here are some steps to increase your chances of getting approved for a lifetime free credit card:
Maintain a High Credit Score
A credit score of 750 or more is typically regarded as exceptional. Your chances of being approved for a lifetime free credit card might be greatly increased by maintaining a high credit score.
Meet Minimum Income Requirements
The majority of issuers demand a minimum yearly income from applicants. The minimum income necessary varies based on the card and the bank that issues it.
Compare Card Features
Various lifetime free credit cards with different attributes are offered by different institutions. It’s critical to weigh possibilities in order to select the card that best suits your lifestyle and spending patterns.
Look for Special Promotions
Some banks offer lifetime free upgrades on existing cards or waive fees for new applicants during special promotions. Keep an eye out for these offers to take advantage of them.
Leverage Your Existing Banking Relationship
Sometimes being approved for a bank’s credit card options is made simpler by having an investment or account with them. Try applying for a lifetime free credit card from your bank if you have a solid rapport with them.
Apply Online
Applying for a lifetime free credit card is made easier by the many banks’ simplified online application process. Make sure you provide all necessary paperwork and data to improve your chances of being accepted.
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