Why lifetime-free credit cards deserve a place in every card portfolio

Subscribe to enjoy similar stories. Lifetime-free credit cards often come bundled with a bouquet of entry-level benefits that are adequate enough to lure folks who are new to credit and first-time credit card applicants. Some lifetime-free credit cards are packed with features and benefits that are of high relevance even for customers who carry fee-only cards.

These credit cards command low-to-moderate upper limits on discounts, cashbacks and reward points. Zero fee: The absence of a joining or annual fee remains the supreme benefit of lifetime-free credit cards as those who are unsure of their spends can obtain these cards to start their respective credit relationship with a bank. Basic eligibility: Lifetime-free credit cards are offered with basic eligibility checks.

Lower income requirements and a moderate credit score can get you a lifetime-free credit card. Higher serviceability even for tier-3, semi-urban and remote areas makes these credit cards a go-to option for many consumers. Easier approvals: The application-to-approval-to-dispatch timeline for lifetime-free credit cards is relatively shorter than for premium cards.

Quick KYCs, minimal documentation and easy onboarding are boons for new-to-credit individuals and first-time applicants. Adequate perks: Irrespective of zero annual/renewal fee, lifetime-free credit cards offer a number of passable entry-level advantages that enhance the credit card ownership experience. Benefits such as bonus reward points, fuel surcharge waiver, gift vouchers on card activation, free OTT memberships, discounts and cashbacks during sales make these cards more tempting.