Tuesday, May 13, 2025
Latest:
Business

A Guide to Lifetime Free Credit Cards

Walker Jason

Credit cards that offer equated monthly instalments (EMIs) provide a convenient way to make large purchases while paying manageable amounts over time. Many banks offer lifetime free credit cards without annual, joining or renewal fees. This allows you to establish and build your credit score at no extra cost. This article will guide you through applying for such Lifetime Free EMI credit cards using IDFC FIRST Bank as an example.

Understanding Lifetime Free Credit Cards

As the name suggests, lifetime free credit cards do not charge any fees for as long as you use the credit card. Most credit cards have three primary charges – annual fees, joining fees and renewal fees. But lifetime free cards waive all these extra charges.

So you simply pay no extra amount for owning and using the credit card over its lifetime. This makes them ideal for first-time credit card applicants who want to build their credit score. It also appeals to prudent spenders who want to minimise unnecessary charges on their daily transactions.

Leading banks like IDFC FIRST Bank offer lifetime free credit cards with additional benefits like reward points, cashbacks, discounts, insurance coverage and more. So you get all the advantages without paying anything extra.

Benefits of Lifetime Free Credit Cards

Some key benefits of lifetime free credit cards are:

  • Zero fees help you save money
  • Rewards and cashbacks help you earn money
  • EMIs allow flexible repayments
  • Insurance covers risks
  • Building credit history aids future loan/credit card applications
  • Perks like lounge access provide luxury

How to Apply for an IDFC FIRST Bank Lifetime Free Credit Card

Here are the simple steps to apply for credit card that offers EMIs:

  1. Visit the IDFC FIRST Bank website and go to the Credit Cards section. Take some time to explore the different credit card options that are available.
  2. Choose a card that best suits your needs and preferences. For instance, the IDFC FIRST Bank Wealth credit card offers features like:
  • Lifetime waiver of annual fees
  • Fuel surcharge waiver
  • Reward points on expenses
  • Complimentary lounge access
  • Insurance coverage
  1. Once you have selected a suitable lifetime free credit card, click the “Apply Now” button to begin the application process.
  2. You will be directed to an application form. Carefully fill in all the required personal and financial details accurately. These usually include:
  • Full name
  • Date of birth
  • Contact information like mobile number and email ID
  • Residential address
  • Employment details
  • Income tax returns
  • Bank account details
  1. The bank will assess your creditworthiness and eligibility based on these details. So make sure everything you enter is correct.
  2. You may also need to upload specified KYC documents as proof of identity, address and income. Some standard documents are:
  • Aadhaar card
  • Voter ID
  • Latest utility bills
  • Last 3 months’ salary slips
  • Form 16
  • Bank statements
  1. Thoroughly check all the information you have entered before submitting the final application form. Once submitted, the details cannot be edited.
  2. The bank will notify you via email and/or SMS once they have processed your application.
  3. If your application is approved, you will receive your new lifetime free IDFC FIRST Bank Credit Card! You can start using it to make purchases and take advantage of the features you chose for the card.

Conclusion

Lifetime free credit cards offer the twin benefits of zero fees and maximum rewards. Hence, they provide an economical way to make purchases while improving your credit profile. Leading banks like IDFC FIRST Bank offer lifetime free credit cards with EMI conversions, fuel surcharge waivers, complimentary lounge access and comprehensive insurance covers. Therefore, applying for a multipurpose lifetime free credit card can provide flexibility, security and savings.