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Several banks and financial institutions offer a wide range of credit cards which offer different features and benefits. There are numerous credit cards which charge an annual membership fee and offer wide benefits. Apart from that, there is a type of credit cards that have no annual fee. Basically, annual fees are the charges that card holders are required to pay to the credit card issuer for availing all the benefits and extra privileges. This annual fee may not always be worthy of all the privileges offered. It only makes sense if the offered benefits and privileges are higher.
In case the benefits offered by the credit card are not worth paying the annual fees for, people turn to credit cards which have no annual fee. Such type of credit cards is known as free for life credit cards or lifetime free credit cards.
Some credit card applicants want to make moderate use of their credit card. Basically, they want to avail basic benefits offered by credit cards. They are not interested in paying any annual charges. For such applicants, banks and financial institutions offer free for life credit cards which have zero annual fees.
Credit cards with no annual charges offer limited benefits and offers to its cardholders. Since no annual membership fees are charged, free for life credit card doesn’t offer any loyalty program, golf benefits, high rewards etc.
Features and Benefits of Free For Life Credit Cards
No matter how much money one makes, everyone likes to get free things.
Why pay extra money when the applicant can avail the offered benefits for free. For some credit card applicants, free for life credit card are too good to be true. With the lifetime free credit card, they can avail amazing benefits without having to pay annual charges.
While benefits and features of free for life credit card may vary from one card to other, here are the general benefits offered by lifetime free credit card.
The eligibility criteria for applying lifetime free credit card may differ from card issuer to card issuer. Here are the general criteria to avail a lifetime free credit card:
The applicants can apply for lifetime free credit card both online and offline. Just have a look at the process of applying a lifetime free credit card:
If the cardholder meets the eligibility criteria, they can apply for the card online. All they have to do is log on to the official website of the desired bank and select the card that suits their budget and requirement. Then, they need to click on the apply button, fill in the required details, and click on the submit button.
Once the bank receives their credit card application and if their profile is fit for the free for life credit card, the applicant will get a call within 3-5 business days from the bank. They will tell the applicant about the required documents to process their application further and schedule an appointment for document collection. Once all the required documents are successfully submitted, the credit card application will be processed within the next 7-10 business days.
Tip: Note the application number in order to track the status of the credit card application.
The credit card experts recommend comparing various cards before zeroing down on a credit card. The cardholders can apply for a free for life credit card by logging on to Policybazaar.ae. It is an all-in-one platform that offers a wide range of financial products to fulfil the financial needs of UAE residents. Being an unbiased financial service provider, the company’s online platform allows its visitors to search and compare various lifetime free credit cards on the basis of their features and rewards. Based on the result, they can apply for the credit card that suits their financial needs from the comfort of their home.
There are some people who might not be comfortable with applying for credit cards online. Well, such people can apply for the lifetime free credit card offline. All they need to do is approach the nearest branch of the shortlisted credit card provider and apply for the credit card that meets their financial needs. They can do so by filling in the credit card application form and attach the required documents.
Nowadays, the use of credit cards has substantially increased. A large number of credit card applicants opt for credit cards that don’t come with annual fees. Although there are numerous banks that offer lifetime free credit cards in the UAE, we have picked out a few of the best ones. Just take a look:
Note- The list is in no particular order.
Citibank offers two lifetime free credit cards:
Now let’s see in detail what each of these lifetime free credit cards has to offer:
Simplicity Credit Card offered by Citibank offers amazing benefits and other additional discounts to its cardholders.
Features & Benefits of Lifetime Free Citibank Citi Simplicity Credit Card
Note- In order to be eligible for this card, the cardholder needs to earn a minimum monthly salary of AED 5,000.
It is one of the best free for life credit cards in UAE that comes with cashback offers along with a range of benefits.
Features & Benefits of Lifetime Free Citi Cashback Card
Commercial Bank of Dubai (CBD) is one of the most preferred banks in UAE. The bank offers a wide range of lifetime free credit cards that are mentioned below:
Let’s see each of these free for life credit cards in detail:
Thanks to its exciting offers and benefits, Visa Platinum Card offered by Commercial Bank of Dubai is one of the best lifetime free cards to opt for.
Features & Benefits of Lifetime Free CBD Visa Platinum Card
Note- In order to be eligible for this card, the cardholder needs to earn a minimum monthly salary of AED 8,000.
When it comes to choosing the best lifetime free credit card, Titanium Mastercard offered by Commercial Bank of Dubai is a perfect fit. This credit card offers a range of benefits from lifestyle to travel benefits.
Features & Benefits of Lifetime Free CBD Titanium Mastercard
Note- In order to be eligible for this card, the cardholder needs to earn a minimum monthly salary of AED 10,000.
Although there is a myriad of free for life credit cards offered in the market, choosing the best card can be quite confusing. All lifetime free credit cards offer various benefits and features. It can be difficult to select the card that meets the need of the cardholder.
Here are the things to keep in mind while selecting the best lifetime free credit card.
Policybazaar.ae is an all-in-one platform that offers a wide range of financial products to meet the financial needs of UAE residents. It enables the applicants to discover different financial products and compare them on the basis of various parameters. It helps them come across the best credit card in the UAE that perfectly meets their budget and financial requirement.
The applicants looking for the best free for life credit card in UAE can log on to the official website of Policybazaar UAE and compare various lifetime free credit cards in just a few seconds, hassle-free.