Do you know about the hidden charges linked to your new credit card? Yes, they exist! If you’re new to credit, finding the right card is smart. That is where lifetime-free credit cards come in. These are cards that have no hidden fees – neither annual nor joining fees.
Want to know more about these cards? Here is an overview.
Hidden Charges Associated with Credit Cards
Here are some of the common fees that these cards incur:
- Annual Fees: You have to pay an annual fee to keep your credit card active. These fees will depend on your card.
- Late Payment Fees: The lender will charge you a fee if you miss your payment date. These fees add to your balance and decreases your credit score.
- Interest Charges: Failing to pay your full monthly balance will result in interest charges. This interest is outlined in your cardholder agreement as your annual percentage rate.
- Foreign Transaction Fees: International card usage may attract foreign transaction fees of up to 3% on each purchase.
- Cash Advance Fees: These fees are typically higher than regular interest rates. The facility is also subject to additional charges like ATM fees and processing fees.
- Over-the-Limit Fees: You may incur this fee if you exceed your credit limit.
How a Free Credit Card Helps You Save Money
This type of card can boost your finances in the following ways:
- No Annual or Joining Fees: A lifetime free credit card does not have any annual or joining fees. You can earn rewards while using a credit card for free!
- Cashback on Everyday Spending: Top credit cards have this feature of cashback where you can save on routine expenses like groceries, fuel, and utility bills. This is the way in which you can save on daily purchases. A lifetime free credit card also provides this feature to save your precious funds.
- Dining and Travel Perks: Credit cards often come with rewards like discounts at restaurants, complimentary airport lounge access, and more. Free credit cards are no exception, making them perfect for frequent diners and travellers.
- No-Cost EMI Options: Free credit cards offer interest-free EMI options. With this option, you can pay bills in small amounts across the duration of your choice without extra fees.
- Instant Approval and Easy Access: You can apply for this card online. It only takes minutes to approve. You can start enjoying the perks right away with a virtual credit card.
While many credit cards have hidden charges, the One Credit Card is an exception. It is completely free of joining, annual and rewards redemption fee while offering rewards on most transactions.
This card offers valuable discounts when you pay rent and dine, along with perks like flight booking discounts for frequent travellers. Plus, you’ll earn 5X rewards on your two highest spending categories each month.
You can easily obtain a loan through the OneCash facility in an emergency and take advantage of no-cost EMI options to pay your bills. What’s more, the card takes just minutes to get approved! With the One Credit Card app, you can even find exclusive offers near you. Apply now and start enjoying the perks of a free credit card!
Read Also: A Virtual Credit Card is the Key to Secure Online Transactions and Instant Access
