What is a Lifetime Free Credit Card

Credit cards provide several benefits – cashback offers, discounts, lounge benefits at airports, rewards and much more. However, ask credit card owners if they have any qualms with this mode of payment and they might say that the yearly annual fee sometimes makes them frown. In addition, many credit card users also shun their credit cards when they hear that they have to pay a joining fee at the very start. For those who don’t know, here’s a magic trick – a lifetime free credit card can help you break those shackles!

What is a lifetime free credit card?

Credit cards usually come with joining fees or annual fees. Joining fees refer to a small fee that users have to pay to be a part of the so-called ‘credit card’ club. Whereas annual fees are another type of fee that users have to pay to ensure that they keep using their credit card. 

Now, this amount is generally quite small, mostly around ₹500 or ₹1,000. However, new users, such as students or young working professionals might not be always comfortable paying a fee for using these credit cards. A lifetime free credit card ensures that users do not have to pay any fee to use their credit card.

Read more: Get an Airtel Axis Bank credit card without any joining fees!

What are the benefits of a lifetime free credit card?

Here are some of the biggest benefits and features of these credit cards:

• Users will never have to pay any form of joining fees or annual fees
• Plenty of rewards and cashback offers for users
• Multiple perks and privileges – extended 
• Helps new credit card users to build a strong credit history
• Convenient, cashless, and secure way to make payments
• Low interest charges
• May also offer fuel surcharge waivers up to a limit
• You can also get concierge services, dining offers, club memberships and more

How to apply for a lifetime free credit card?

Here are the steps to apply for a lifetime free credit card:

• Visit the official website of the bank or the credit card lending financial institution
• Go to the credit card application section
• Read the various credit cards on offer and look for credit cards with ‘no fee’ or ‘zero fee’ tags
• Make sure to read the criteria before you apply for the credit card
• Click on ‘Apply’
• Fill up the application form on the credit card with all the details
• Upload all the documents as requested
• Click on ‘Submit’

Read more: What is a credit card statement?

What are the eligibility requirements for a lifetime free credit card?

Generally, the eligibility requirements of a lifetime free credit card could differ from one bank to another. Regardless, here are the eligibility requirements for availing any credit card in India:

• The applicant must be between 18 to 60 years of age
• Applicant must be self-employed or have a steady source of income
• The applicant must be a citizen of India

What are the documents needed for a lifetime free credit card?

Here is the list of documents needed for a lifetime free credit card:

• Passport-size photographs
• Proof of income
• Address proof
• Identity proof

How to choose the best lifetime free credit card?

Choosing the best lifetime free credit card can be a difficult task. After all, almost every credit card offers something unique, something that helps it to stand out. However, you can still choose the best credit card for yourself. 

Just make sure to clearly the terms and conditions on every credit card that you like. Then, make a note of the list of benefits they provide and check if those benefits will be useful for you. For example, you might be a travel enthusiast, therefore, you should always look for credit cards that offer flight discounts, lounge benefits at airports and more.

If you are looking for a credit card that has all the features and benefits, without any of the inconveniences, then do take a look at the Airtel Axis Bank credit card. Multiple cashback offers, plenty of recharge benefits, airport lounge privileges and so much more. Apply today from the Airtel Thanks app!

FAQs on Lifetime Free Credit Card

• Is the Lifetime Free Credit Card truly free, or are there hidden charges that may apply over time?

Yes, lifetime-free credit cards are absolutely free of cost. There are no hidden charges that will be applicable to users at a later period.

• What are the eligibility criteria for obtaining a Lifetime Free Credit Card?

Here are the eligibility criteria for lifetime free credit cards – must be a citizen of India, must be between 18 to 60 years of age, applicant must have a steady source of income.

• Does the Lifetime Free Credit Card offer the same benefits and features as other credit cards with an annual fee?

The features and benefits can vary from one credit to another. To get a better idea of the features or benefits, compare different credit cards side by side and go for the one that provides the maximum value to you.

• Are there any restrictions on the usage or benefits of the card to maintain its “lifetime free” status?

There are no restrictions on usage or on benefits of lifetime free credit cards. However, always do go through all the terms and conditions before applying for a new credit card.

• Is there a specific credit score requirement for approval of a Lifetime Free Credit Card?

There is no specific credit score requirement for a lifetime free credit card. But it is always favourable if a credit card applicant has a credit score above 700.

• How does the interest rate on purchases and cash advances compare to credit cards with annual fees?

The interest rates on purchases and cash advances are quite similar on lifetime-free credit cards as compared to credit cards with annual fees. However, always check the terms and conditions carefully before applying for any credit card.

• Are there any limitations on the credit limit for a Lifetime Free Credit Card?

The credit limit for a credit card depends on the credit card type and on the eligibility requirements of the applicant. To know more about the credit limit on your lifetime free credit card, reach out to the bank officials.

• What types of rewards programs or cashback options are available with this card?

Here are some of the reward programs available with lifetime free credit cards – airport lounge benefits, cashback offers on online payments, interest-free EMIs, dining vouchers, online shopping coupons, insurance coverage and many more.

• Are there any penalties or fees for late payments or exceeding the credit limit with a Lifetime Free Credit Card?

Penalties or late payments are charged on lifetime free credit cards when users do not pay the minimum amount due on the credit card bill.

• Can the Lifetime Free Credit Card be upgraded to a premium card with additional benefits, and what would be the associated charges?

Yes, lifetime free credit cards can be upgraded to premium cards as well, but it all depends on the bank and the eligibility requirements. For more details, contact your credit card issuing bank.

• Is there a specific spending requirement to keep the card free for a lifetime, and how is it calculated?

There is no specific spending requirement to keep credit cards free for their lifetime.

• Are there any international transaction fees associated with the Lifetime Free Credit Card?

Credit cards generally charge a markup fee of about 1.5% in the case of international transactions. To know about the fees associated with international transactions on your credit card, it is best advised that you reach out to your credit card issuer.

• What kind of insurance coverage, if any, is provided with this credit card?

Every credit card in India comes with zero liability protection coverage, which deals with cases of fraudulent transactions or lost/stolen cards. Moreover, there are many credit card issuing banks that also offer insurance coverage up to ₹50,000.

• Can the Lifetime Free Credit Card be used for online transactions and e-commerce purchases securely?

Yes, lifetime free credit cards can be used for online transactions and e-commerce purchases in a secure manner.

• Are there any introductory offers or bonuses for new cardholders of the Lifetime Free Credit Card?

The list of benefits or bonuses can vary from bank to bank. For more information on introductory offers or bonuses for new cardholders, always reach out to your credit card issuing bank.

• How often is the credit card reviewed for its “lifetime free” status, and are there any circumstances under which this could change?

There are no circumstances under which the lifetime free status of your credit card would change.

• Can supplementary cards be added to the Lifetime Free Credit Card, and are there any associated costs?

Yes, supplementary cards can be added to a lifetime free credit card. However, there are some banks that charge annual fees or joining fees on these additional credit cards, and some do not.

• What is the process for redeeming rewards or cashback earned with the Lifetime Free Credit Card?

To redeem your rewards, check on the official website of your credit card bank’s page. You can also reach out to customer support or visit the nearest branch.

• Are there any partnership deals or exclusive offers available to Lifetime Free Credit Card holders?

Partnership deals or exclusive offers on lifetime free credit cards can vary from person to person.

• In case of lost or stolen cards, what are the procedures for reporting and replacing the Lifetime Free Credit Card?

Make sure to get in touch with customer support immediately and inform them that you have lost the credit card. Once the previous credit card has been blocked, you will receive your new credit card at your registered address soon.