free credit card

How a Free Credit Card Can Help You Save Money

Transact using your credit card and save more on expenditure. Amazing, isn’t it? If you are still stuck with the traditional usage of credit cards, this post can be of great help. 

If you look at the bigger picture, credit cards can be a powerful weapon to save more. You just need to make an informed decision while selecting a credit card. Ideally, you should use a free credit card, the right money-saving option.

In today’s post, we will discuss how credit cards can help save more money and what precisely a free credit card is.

Why is it important to choose the right credit card?

Hidden costs: Several hidden charges can make an otherwise attractive-looking credit card an expensive mistake. There can be many taxes or fees implied on credit card usage. Ensure you know the renewal fees, processing fees, or any other penalties to select the proper credit. Failure to compare these hidden charges can cost much in the long run. You may feel discouraged for not using your credit card to unlock the money-saving benefits.

Credit card fraud: If you don’t want to be the victim of credit card fraud, you should practice caution while selecting a credit card provider. Research and choose based on the scheme’s credibility and the service provider. Free credit cards may sound lucrative, so picking a trusted credit card provider and saving more is very important in the long run.

What is a free credit card, and what are its money-saving benefits?

When comparing different credit card options, you might stumble upon the choice of a free credit card. For instance, the 811 credit card by Kotak Mahindra Bank is a lifetime free credit card. It means no joining fees or annual charges are associated with your credit card usage. They disclose the late penalties and interest rates on outstanding balances upfront, and with absolutely zero hidden cost, it becomes a trustworthy free credit card. Here is how you can save more using a free credit card: 

  • No joining fee: Credit card service providers typically charge between Rs 1000 and 4000 in the name of a joining fee. You can save your hard-earned money if you get a free credit card with no joining fee. It means your application can be accepted without any additional charges.
  • No renewal fee: You may have to spend another Rs 1000 in the second year because many service providers charge considerable amounts in the name of renewal fees. However, you can save this amount using a free credit card with zero annual fee.
  • Free add-on card: If you like to apply for an add-on card for your family members, you might have to pay extra. However, if you act smart and choose a free credit card, you can get free add-on cards and save more money.
  • No over-limit charge: Over-limit charges are another concern for credit card holders. Keeping the credit limit in mind is difficult, mainly when you only use your credit card for shopping throughout the month. Using a free credit card is the ideal choice because, with such credit cards, you don’t have to pay an over-limit fee.

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How to get a free credit card?

Search online and compare different credit card issuers to find a free credit card. Compare the options based on the charges and only choose a product with no hidden costs.

You can also consider the 811 credit card with zero joining and annual fees. You don’t even need income proof to get this card. Only reward points and credit card benefits can be obtained against a Fixed Deposit. The best part about this credit card is that you can apply online and access money-saving opportunities anytime.

Final words

A free credit card has zero joining fee, and the issuer charges nothing in the name of an annual fee. Hence, saving more while using credit cards is a great option. Explore different options online and achieve your financial goals.