How to Apply For Credit Card in Few Simple Steps?

How to Apply For Credit Card: Credit card is very important now a days and by using these cards you can buy online anything. Since there are various types of credit card, and it may be difficult to choose the best credit card for you. Do you want to apply for a credit card? Get an instant credit card in few simple steps. You can apply for a credit card by filling in basic details such as your PAN number, Mobile No, Email ID and do a quick e-KYC to confirm your address details. Here in this article we will share with you How to Apply For Credit Card in Few Simple Steps.

What is Credit Card?

Credit card, a financial instrument issued by banks with a preset credit limit that allows you to make cashless transactions. You are borrowing money from the credit card issuer with the understanding that you will be able to repay the money at the end of your statement term.

Different Types of Credit Cards in India

Before knowing how to apply for credit card, you first need to know what types of credit cards are available in India. Here is the list below –

Shopping Credit Card
Travel Credit Card
LifeStyle Credit Card
Rewards Credit Card
Cashback Credit Card

Credit Cards Apply Eligibility

In order to apply for a Credit Card, you need to follow these eligibility criteria mentioned below –

Salaried employees should be between 18 to 65 years of age.
Self-employed individuals should be between 21 to 60 years.
Applicant must have a decent credit history.
Applicants must have a stable source of income.

Required Documents

The following documents are necessary to apply for a Credit Card –

Proof of Identity (Voter ID, PAN Card, Aadhar Card)
Proof of Address (Passport, Driving Licence, Aadhar Card)
Proof of Income (Last Month Salary Slip)
Later ITR (Income Tax Return) / Form 16 (For Self-Employed Individuals )

Features & Benefits of a Credit Card

Some of the benefits of having a credit card are mentioned here –

There are so may credit card that offer cashback benefits to the customer.
All credit cards generally have a reward program that allow the cardholders to earn reward points.
Some credit cards offer complimentary airport lounge access to the cardholder.
You can get travel benefits like travel insurance, airline offers, hotel offers, etc.
Owning a credit card helps you build a healthy CIBIL score.
Credit cards are accepted by various merchants all over the world.