What is Credit Card?
Credit cards are the easiest way to borrow money and make payment even if you are tight on your pockets for the time being. That is the reason you feel the need to a credit card.
Credit Card can be used for both online and offline transactions. It help you make payments for all your expenses with ease.
If you have been making online payment using your debit card, and have a good credit score, you would be treated as a "special customer" by your bank, and bank provide to you pre-approved credit cards.
Credit Card is the 16 digit number, used to identify both the credit card issuer and the account holder. It is printed on the front or back of your card.
How to apply for a Credit Card?
You need to follow these steps for apply credit card online:-
- Visit the bank's official website.
- In the 'Credit Cards' section click on 'Apply'.
- Enter personal details like your employment details, mobile number, monthly income, PIN code, etc.
- Select your preferred credit card and click on 'Check Eligibility'.
- If you meet all the credit card eligibility conditions required for the selected card, you be asked to proceed further with the application and enter details like your - name, email address, date of birth, and PAN.
- Move further and enter your residential address along with the PIN code.
- After this, you will be asked to enter the details of your employment, like the company’s name, address, PIN code, and landline number.
- You will have to verify your mobile number using the OTP sent to your phone in order to complete the application process.
You will receive a call from the bank after completing the process. The bank will send a field agent to your suggested location to do the same, post which your application process will be taken ahead.
Features and Benefits of a Credit Card
- A credit card comes with a range of features and benefits and with a bank-approved credit limit.
- Credit cards are a great way to build a good credit history for yourself and expand your buying power.
- You can also convert your credit purchases into EMIs and repay the billed amount gradually.
- Credit Card allow you to make online and in-store secure payments, build a good credit history.
- You can earn rewards such as points or cashback on your purchases, enjoy travel perks such as access to airport lounges and travel insurance, and get protection for your purchases with extended warranties.
- You get around 45 days for making the payment of your credit card.
- Overall, they provide convenience and extra advantages for consumers.
Eligibility of Credit Card
| Eligibility Criteria |
Requirement |
| Nationality |
Indian |
| Age |
18 years |
| Employment status |
Salaried or Self-employed |
| Income |
Differs from one bank to the other |
| Credit Score |
Good credit score (700 and above) |
