Zero-Fee Credit Cards Deserve a Spot in Your Mix

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.

- Raj Khosla

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.

Key benefits

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.