Lifetime Free Credit Cards: All That You Need to Know

Many people choose lifetime free credit cards, as they keep costs down. While most credit card companies charge an annual maintenance fee, these free cards allow you to save significantly.

Like all credit cards, they also offer a variety of lifestyle benefits. To find the best lifetime free credit card for you, compare their features and calculate your savings using rewards.

What are Lifetime Free Credit Cards?

There are no joining, annual, or renewal fees on these credit cards. Here are some things to keep in mind before you make your decision:

Also known as no-fee credit cards, they do not require maintenance fees.
They may, however, charge a fee for additional services, such as the EMI Conversion facility.
These kinds of cards are perfect for people who are just starting out with credit.

Why to Choose a Lifetime Free Credit Card

There is no membership fee for these cards. Here are some reasons why you should choose these cards:

Cost Savings:
These cards are also the most affordable because you don’t have to worry about an annual or yearly renewal fee.
Credit Building:
Since these cards do not require you to have a good credit history in order to be approved, they can be used to boost your credit score.
Introductory 0% Interest Rates:
Some of them also offer introductory 0% interest rates or APRs on purchases for an initial period.
Foreign Transaction Fee:
Some free credit cards are great for international trips because they don’t require you to pay a fee for international transactions.
Rewards:
While they may not have the same level of rewards as high-end cards, they also offer points or miles for a variety of benefits.
Flexible Redemption:
The points or miles you earn on your no-annual-ee credit card can be easily redeemed online.
Cashback and Discounts:
In addition to reward points, such cards may also offer cashback or discounts on certain purchases.
Security Features:
They offer a wide range of security features, including fraud prevention, zero liability for unauthorised transactions, and more.

Comparing Lifetime Free and Annual Fee Credit Cards

While they have many similarities, lifetime free credit cards differ from regular credit cards in many respects. Check this table to know more:

Basis	Fee-free Credit Card	Annual Fee Credit Card
Annual Fee	You don’t have to pay an annual fee to hold this card	These cards require you to pay an annual charge, extending up to several thousand
Renewal Fee	You don’t have to pay a fee to renew the validity of this card	These cards may charge you a renewal fee every year
Fee Waiver	There is no minimum limit of spending to get these fees waived off	There is a spending limit that qualifies you to get a fee waiver
Other Costs	These cards may also allow you to save on other costs, like foreign transaction fee	Additional savings depend on the card you choose
Rewards	Most of these cards offer basic rewards and cashback.	These cards typically offer higher cashback rates and a more robust rewards program.
Interest Charges	They may also have lower interest rates on their credit card	Premium credit cards usually have a higher APR or interest rate.
Credit Building	These cards are a great way for people with low credit scores to improve their credit score and improve their ability to pay their bills.	If you have a low credit score, you are ineligible for these cards.How to Choose the Best Lifetime Free Credit Card

Here are a few things to keep in mind before you apply for this type of credit card:

As your credit score is one of the most important factors banks consider when making a decision, make sure to review your credit needs before applying.
Choose the credit card that offers increased rewards on your chosen spending categories.
Take a look at each card’s welcome bonus and pick the one that best suits your needs.
Take a look at your issuer’s credit limit. A higher limit means more money in your pocket.
Choose a no-cost credit card with low APR or interest rates to lower your debt if you can’t pay your bills on time.
Find out how long the grace period is. A grace period is when your credit card balance does not incur interest charges.
Check out the hidden fees that the credit card companies include in the contract.

Now that you understand the difference between a lifetime free credit card and a regular credit card, you can choose which one you want. The One Credit Card is one of the best free credit cards you can get.

This metal credit card has a built-in mobile app, so you can keep an eye on your spending and spend with confidence. Apply now to get 5x rewards, convert big bills into EMIs and get great deals on dining and shopping.