Credit card offers rewards , cashback and discounts to their customers. Moreover India is moving towards cashless economy and encouraged to use digital transactions. So everyone wants to use credit cards. Select your credit card based on your spending pattern. After select the best card for you, visit the credit card site and apply for credit card. In this blog, we would discuss “How to apply for credit cards” and documents required to apply for credit card.
1). For Salaried Employees
2). For Self-Employed bndividuals and businessman
3). For Working professionals.
4). Students
5). Common Man of India.
How to apply credit card for salaried Employees:
Salaried employee required to submit following document to get approval for credit card. Salaried employee with more than 2Lakhs/annum salary would get fast approval for credit card. Properly managing credit card would help to increase your credit score to get loans from bank.
- Identity proofs including PAN Card, Voter’s ID, DL, Aadhaar Card.
- Address proof .
- Salary slips for the latest 3 months.
- 2 Passport sized photograph.
Visit the credit card service providers website and apply online by providing your personal information. The respective customer representative would help on submitting the documents.
For Self-EMPLOYED INDIVIDUALS and businessman:
Self employed individuals and small scale businessman should submit the income tax returns to confirm their income. Following document required for self employed individuals and small scale businessman.
- Identity proofs including PAN Card, Voter’s ID, DL, Aadhaar Card.
- Address proof .
- IT Returns statements.
- 2 Passport sized photograph.
For working professionals Doctors,Architect,Chartered Accounts:
Working professionals like doctors, architects and chartered accounts have to submit proofs for source of income and income tax returns to confirm their income. Following document required for working professionals.
- Identity proofs including PAN Card, Voter’s ID, DL, Aadhaar Card.
- Address proof (Any official document that displays current place of residence).
- IT Returns statements
- 2 Passport sized photograph
Apply for Credit card – Student credit cards:
Students may not have source income or Income tax return submission. But students may require credit card to buy books and lab equipments. Credit card would greatly support student to buy laptop in interest free EMI offers. Student can avail credit card by maintaining fixed deposit or saving account with strong saving history.
- Identity card of the college (undergraduate or postgraduate)
- Residential address proof
- College enrollment proof
- 2 passport sized colored photographs
- Fixed deposit in respective bank (or) Saving account with Strong Saving history.
ICICI Bank,State Bank of India,Axis Bank,Kotak Mahindra Bank,Central Bank of India,Bank of Baroda offers credit cards against fixed deposit. Student can avail this offers by opening fixed deposit in respective banks. This is 2-in-1 benefit. Fixed deposit money grows in fixed interest and credit card provides rewards and discounts.
Fixed deposit and credit card are smart way of managing money for students.
Credit card for Everyone – Common Man of India:
People those are not an salaried employee or not a self employed professional or not a student can avail credit card against fixed deposit. Credit card can be availed against fixed deposit. It would not impact the fixed deposit earning interest. FD would be used as security for credit card. If you manage credit card spending and payment on time, it would not impact your fixed deposit. Invest money in fixed deposit to grow and avail credit card to earn rewards and discounts. Document required to apply for credit card,
- Identity proofs including PAN Card, Voter’s ID, DL, Aadhaar Card.
- Address proof
- 2 passport sized colored photographs
- Fixed deposit in respective bank.
These are common set of documents required by all the credit card service provider such as Standard Chartered , ICICI, SBI, Citibank, Amex, HDFC , HSBC. Compare the credit cards and select the best credit credit card for you. Apply for credit card with supporting documents. Know the credit card traps before apply for the credit card. Managing and handling the credit card is more important than applying for credit card. Smart Spending.:)