Credit cards have reformed the way we manage our finances. The idea of carry around a small plastic card that grants you entery to money you don’t even have is fascinating, to say the least. But, when you add the allure of bonus, cashback, and other impetus to the mix, it’s no wonder that credit cards have become the go-to process of payment for so many.
Credit cards can offer numerous benefits, including cashback rewards, travel points, and building your credit score. But, before you can start taking advantage of these bonus, you require to know how to apply for a credit card.
Luckily, the application process for a credit card is rather uniform across banks. There are few things which you should keep in your head before filling out your application.
Applying for a credit card is no rocket science, but it is key to pay close heed to all details of the process. Irrespective of the bank, the basic structure of the application process corpse the same. So, Here we are going to share about how to apply for a credit card.
1.Agreement the type of credit card that you require
In a world where plastic money rules and credit cards have become a staple in our wallets, navigating through the diverse landscape of options can be overwhelming. It’s a crucial decision, as picking the right credit card can be a gateway to a world of perks and privileges tailored to our unique lifestyles.
Imagine this: you’re an avid globetrotter, constantly jetting off to new and exotic destinations. Your heart yearns for adventure, and your feet itch to explore the unplumbed corners of the world. It’s evident that a travel credit card is the key to unlocking extraordinary experiences while ensuring that your wanderlust remains undeterred.
With a travel credit card in your possession, you become a privileged explorer. From discounted flight bookings to slashed hotel rates, every adventure becomes a tantalizing affair for your wallet. Oh, and let’s not lose the icing on the cake – access to lush airport lounges where you can sip on champagne and nibble on gourmet delights, all while waiting for your flight. Now, that’s a true sense of exclusivity.
2. Ensuring that you fulfil the ability criteria before you apply for credit card
In today’s digital age, acquiring a credit card has become incredibly convenient, thanks to the various attractive offers presented by banks. Before diving into the appealing world of credit cards, it is important to ensure that you meet the age and income requirements set by most Indian banks.
Typically, credit cards are a problem to individuals between the ages of 21 and 65. This age bracket provides an opportunity for both young adults just starting their financial journey and seasoned individuals looking for flexible payment options. However, the eligibility criteria does not solely revolve around age, as a steady income is crucial to secure such a valuable card.
Luckily, the world of credit cards is not limited to just the salaried individuals; banks also encourage self-employed individuals to enjoy the convenience of credit cards. It is heartening to witness financial institutions catering to a wide range of income brackets, tailoring credit card features to match diverse financial capabilities. Whether you are a salaried employee or a self-employed entrepreneur, there is a suitable credit card waiting to accompany you on your financial ventures.
Moreover, banks recognize that not everyone possesses a regular income source. In order to provide an inclusive credit card experience, some financial institutions extend credit cards against fixed deposits. This innovation opens up new opportunities for those who may not meet the traditional income criteria but have savings locked away in a fixed deposit. Now, your financial assets can work doubly hard for you, generating returns while enabling you to access credit facilities.
Here comes the concept of an add-on credit card, which offers a creative solution to such limitations. An add-on credit card is a supplementary card linked to the primary cardholder’s credit card. In this scenario, the add-on cardholder is not needed to be at least 21 years old or have a stable income. This provision benefits family members, such as students or homemakers, who can access the convenience and benefits of a credit card through the primary cardholder.
Interestingly, even the age requirements for an add-on credit card differ from the traditional norm. Individuals as young as 18 years old can become an add-on cardholder. This demonstrates how banks value inclusivity and seek to accommodate the financial needs of individuals at various stages of their lives.
3. Have the documents prepare after
You can hear the excitement in your sound as the bank teller confirms that you are qualified for a credit card. Your mind immediately starts racing, thinking about all the things you could buy with the extra funds. But before you get too lugged away, you need to make sure that you have all the compulsory documents before you apply for a credit card.
● An earning proof in the form of IT returns;
● Payslip;
● Bank account record
The world of credit card applications can be quite daunting, but fear not, as we are here to help you navigate through the methods. Before you decrease into applying for a credit card, make sure you have all the vital documents at hand.
In the starting you will need to provide proof of your identity. Few common documents you can use are your voter identity card, driving license, and pension book. However, it’s best to check with the particular bank you’re applying to, as they may have their own specific list of acceptable identity proofs. Next, you will require to provide proof of your address. In most cases, a driving license, ration card, or passport should suffice. Again, it’s important to double-check with the bank as to what documents they require for address proof.
To complete your application, you will also need to give a passport size photograph and a copy of your PAN card. But as mentioned earlier, some banks may not require these additional documents, especially if you have already submitted KYC details for your savings account.
Filling in the application
The official website of the bank, it is always striving to make banking more convenient and hassle-free for every customer. With this recent feature, our existing customers can log in using their net banking credentials and directly apply for the credit card of their choice.
As a new customer, you eagerly navigate to the ‘credit cards’ page on your preferred bank’s website. The excitement of finally applying for your very first credit card is palpable. However, your enthusiasm quickly wanes as you’re met with a barrage of personal contact details the bank needs from you. You can almost hear the collective sigh of disappointment from fellow first-time credit card applicants across the nation.
But before you choose to close the webpage and give up on your dreams of concede a credit card, know that the process of obtaining one is not as daunting as it seems. Once you have submitted your personal details, a friendly bank representative will reach out to you to guide you through the KYC submission method and provide assistance in filling out the application form.
Claiming for a credit card has never been easier. Whether you pick to apply online or in-person at your local bank branch, the process has become more accessible than ever before.
If you’re doubtful to apply online, there’s no need to worry. Banks still offer the traditional walk-in service where you can meet with a representative in-person. This option is ideal if you prefer the old-school way of carry business or want to get some personalized advice.
On the other hand, the digital era has brought new options to the table. Now, you can make your credit card bill payments online through a variety of channels. This convenience allows you to handle your payments instantly and easily without ever having to leave your home.
Credit cards come in many forms and offer different advantage, depending on the card. Travel credit cards allow you to accumulate rewards that you can use towards future travel expenses. If you’re a student, student credit cards are designed specifically for your needs and often offer lower credit limits and reduced fees.
4. Pick your mode of credit card bill payment
Claiming for a credit card has never been easier. Whether you prefer to apply online or in-person at your local bank branch, the method has become more accessible than ever before.
If you’re doubtful apply online, there’s no need to worry. Banks still offer the traditional walk-in service where you can meet with a representative in-person. This option is ideal if you prefer the old-school way of conducting business or want to get some personalized advice.
The digital era has brought new options to the table. Now, you can make your credit card bill payments online through a variety of channels. This convenience allows you to handle your payments instaly and easily without ever having to leave your home.
Credit cards come in many forms and give different benefits, depending on the card. Travel credit cards allow you to accumulate rewards that you can use towards future travel expenses. The student credit cards are designed specifically for their needs and often offer lower credit limits and reduced fees. Before carried away, you need to make sure that you have all the necessary documents before you apply for a credit card.
