With the festival of colours right around the corner, you may anticipate paying for several small or big expenses. One way to manage these expenses is to get an instant free credit card. Apply for it in just a few clicks with minimal requirements and secure instant access to credit.
Credit cards are a great way to pay for expenses because you can get exciting rewards, discounts, cashback, and more. These benefits make your payments more rewarding. Here’s why you should apply for a free credit card this Holi season.
Top Reasons for Getting a Credit Card During Holi
The atmosphere is filled with excitement and enthusiasm for Holi. Get a credit card and colour your finances in Holi. Why? Here’s all that you need to know about the benefits of getting a card.
Access Credit at No Interest
When you use a credit card, there’s no need to use the funds from your account. Instead, the card issuer approves a specific limit based on your eligibility. You can use the required amount from this maximum limit to manage your Holi purchases.
This credit, unlike other lending options, doesn’t attract interest immediately. Instead, the issuer levies interest at the end of the billing cycle, which can be up to 48 days. So, you can buy your festive essentials through instant credit without interest. You can use the card at any online or offline store without hassles.
Make Payments Conveniently
Credit cards, even the free ones, are widely accepted. Wondering what’s a free credit card? Issuers don’t charge joining or renewal fees when you opt for these cards. You can use them anywhere and pay for Holi or any other purchases easily.
Swipe, insert, or tap your card and pay for your spends in a matter of minutes. These cards also have built-in technology that ensures your transactions and details are secure, protecting you from the risk of fraud.
Earns Rewards and Benefits
Along with providing easy access to credit and convenient payments, credit cards offer rewards and perks on transactions. This allows you to earn more from your purchases. For instance, if the card offers 1.5 points for every ₹100 spent, and you spend ₹1,000, you can get 15 points.
By accumulating these points, you can redeem them to get:
- Discounts
- Air miles
- Vouchers
Additionally, during the festive season, such as Holi, you can enjoy great discounts and perks on credit card transactions. The terms and conditions depend on the issuer and the store.
Save More with No Fees
Regular credit cards come with a joining, annual, and renewal fee. These charges can increase the cost of owning the card. However, with a free credit card, these are either waived or not charged.
This brings down your cost and allows you to save more, in addition to what you save with other perks. So, if you want more savings, apply for a free credit card. Whether you want to host a Holi party with your loved ones or purchase new clothes, getting a credit card can help you manage these costs easily.
Build Credit History and Score
As mentioned, you have to pay the bill provided by the issuer. When you pay these bills on time and in full, it shows responsible behaviour and helps build a good repayment history. Both these factors aid in boosting your creditworthiness. This can, in turn, make you eligible for other forms of credit.
Tips to Choose the Right Credit Card
Before you apply for a free credit card, keep the following points in mind:
- Check your eligibility for the credit card to lower the chances of rejection
- Compare the interest rate and other charges to choose the most cost-effective option
- Evaluate the credit limit you can get to maximise your access to funds
- Assess the rewards and benefits to pick a card that suits your spending habits
- Ensure you can manage the monthly bill payment to keep your credit health secure
- Check the application process and requirements to ensure a seamless process
- Evaluate the flexibility to adjust the limit and reward as per your needs
How to Apply for a Free Credit Card
Here are the general steps to apply for a card with no annual or joining fee:
- Step 1: Visit the official website of the financial institution
- Step 2: Navigate to the card you want to get
- Step 3: Click on the option to apply
- Step 4: Fill out the form and upload the required documents
- Step 5: Review your application and submit it
- Step 6: Note the application or reference number displayed on your screen
Once you submit the application, be sure to track it and address any queries from the issuer immediately. You can check your credit card application status through the website or app using the number. Alternatively, you can contact the issuer for the same.
Now that you know why you should get a free credit card, apply only after you compare your options. The One Credit Card is among the best lifetime-free credit cards. Along with no annual and joining fees, there is also no redemption fee. This allows you to maximise the benefits of your card without any hassles.You can earn 5X rewards on your top two spending categories, along with a host of other perks, such as easy EMI conversion, free add-on cards, and more. You can also easily check your credit card application status and ensure seamless access to funds. Apply online now to get yours.