Lifetime free credit card – a card with no joining or annual fee. But are there no fees involved at all? There are! Here are some of the most common ones.
IDFC FIRST Bank
Annual Percentage Rate (APR)
Also called interest rate, APR is applicable on outstanding credit card dues. The APR can start from 1% p.m. and go up to 5% p.m.
IDFC FIRST Bank
Cash advance fee
If you use the credit card for ATM withdrawals, this fee will apply. It will be calculated on the amount withdrawn and payable till repayment.
IDFC FIRST Bank
Overlimit charges
Transacting more than the allowed credit limit is called going overlimit. If that happens, this charge would apply. It is typically up to 3% of the overlimit amount.
IDFC FIRST Bank
Late payment fee
Delaying credit card bill payment, beyond the due date, attracts a late payment fee besides the APR.
IDFC FIRST Bank
Forex mark-up fee
This fee is levied if you use the credit card for making international payments - for example, on a foreign website or when traveling abroad.
IDFC FIRST Bank
Lifetime-free credit cards are not entirely free. For low charges, choose IDFC FIRST Bank Credit Cards with APR starting at just 9% p.a.