Are there any Credit Cards with zero annual fee?

Some credit cards charge an annual fee, while the IDFC FIRST Bank Credit Cards are free of cost. The choice between them, is therefore, straightforward

The annual fee is the cost of owning a credit card. You must pay it to keep using the card, although not every credit card charges annual fees. Some of them do not cost anything, which makes them a popular choice among users. This article will give you a detailed insight into annual fees on credit cards.

What is the annual fee on a credit card?

The annual fee is a yearly cost that you must pay to keep using a credit card. It is paid when you open your credit card account. If you get your card in May, you must pay the annual fee every year in May until the account is active. It is added to your card balance and appears on your invoice. However, IDFC FIRST Bank Credit Cards do not come with any additional charges, lifetime fee or joining fee, making them the best in-class credit cards. 

Should you buy an annual fee credit card?

An annual fee credit card can be an asset if you can take advantage of the offers and deals offered by the card. They can offset the fees you pay, which ensures you do not have to pay anything out of your pocket.

While picking a credit card, ensure you read the benefits it offers. Look out for deals that can help you save more. IDFC FIRST Bank offers different types of credit cards, with each having its own set of benefits. The steal deal here? All of the cards come without any annual fee. 

What are credit cards with no annual fee?

Although many premium credit cards charge an annual fee, some offer perks for no cost. These credit cards are called free annual fee credit cards. You can get a no annual fee credit card if you want to have a credit card for emergencies.

IDFC FIRST Bank has several no annual fee credits cards having the same benefits as credit cards that charge an annual fee. If you opt for IDFC FIRST Bank’s credit cards, you pay no annual charges and only 2% interest per month. You are also charged nothing extra when you want to redeem any points that you have gained, and there is no expiry date on the rewards either.

Credit card cash withdrawals are also affordable with IDFC FIRST Bank credit cards. From FIRST Wealth and FIRST Millennia to FIRST Classic and FIRST Select, every type of IDFC FIRST Bank credit card offers this benefit. The FIRST Wealth card additionally ensures you have a comfortable international travel experience. Most travel cards charge an annual fee, but with FIRST Wealth, you enjoy the features of a travel card without paying anything extra.

No annual fee credit cards from IDFC FIRST Bank could be an option for you. You can apply for these credit cards online and keep track of your spending using IDFC FIRST Bank’s mobile banking app. A credit card can be a beneficial tool, but if you need a card for emergencies only, you should get a no annual fee card.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.