To ensure that your credit card application is approved, you must meet certain eligibility requirements. Each bank or card may have different parameters. If you don’t meet the requirements set by the bank, your application may be rejected. If this happens, your credit score might take a hit.
It is vital that you go through the eligibility criteria before applying for a card. Make sure to tick off each criterion in the checklist to improve your chances of getting approved.
Besides the above-mentioned criteria, there are certain factors that also determine your eligibility:
The documents you will need to furnish with your application will differ from bank to bank. However, below is a list of some of the basic documents required you will need to submit:
If you’re self-employed, you will need to submit:
If you’re applying for a student credit card, you will have to provide your student ID card along with your application form.
Here you will get 3 options – ‘Compare Cards’, ‘Get a Card’, and ‘Hungry for More?’. Click on the 'Get a Card' to start applying for new credit card.
You will be redirected to a new page, where you’ll have to select the city you reside in.
If you’re a salaried employee, mention the company you work for. If you own a business, type your business’ name.
You will have to include your Fixed Net Monthly Salary that is credited to your account post all the deductions. This shouldn’t include any incentives, bonuses, or one-time payments.
Select the bank that your monthly salary is credited to. If you own a business, choose the bank you have a savings account with.
If you’re an existing credit cardholder, select the bank that has issued your card. You can choose none if you don’t own a credit card.
In this section, you will only mention the highest credit limit of credit cards you have had for more than a year.
Mention the details of your age in this section. Once you’ve selected your age, you will have to select the date, month, and year you were born in.
If you wish to speak to a customer support representative, add your contact details. Select ‘View Free Offers’ to find the cards you’re eligible for.
After you have shortlisted the card you prefer, you can click on the ‘Apply Now’ tab to proceed with your application.
In this section, you will be asked if you have submitted documents to the credit card provider in the last six months. If you have, choose yes. If you haven’t, select no.
Type in the details of your current residential address PIN code.
Enter the requested personal information and contact details to process your credit card application.
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