How to get Credit Card in India | How to apply for Credit Crad in India

What is a Credit Card?

We all know credit card is a card that is issued by any Bank, by which we can get a credit for purchasing anything without any interest for several months. Credit Card is very useful to anyone if he has no money. Sometimes carrying cash is risky so in that case, we can use Credit Card or Debit Card for paying at any shop. But getting a credit card is not easy, especially in India. In other developed countries like US, UK, every people can have a credit card. But in India, there are many terms and conditions of banks to issue a credit card to a particular person. Using a credit card you are getting an option to take an EMI whenever you purchase a product.

What are the conditions that are required to own a Credit Card?

• In India, whenever you will apply for a Credit Card they will ask you a question do you have a government job. If you have a government job then getting a Credit Card becomes very easy.
• Your monthly income should be more than twenty thousand rupees(>20000). Then the chances of getting a Credit Card is easier.
• You must do enough transactions that your bank credit can increase and you may get more credit points and get a credit card. In this case, also getting a credit card can be easier.

So these were some necessary conditions that are the requirement to have a credit card. So now we will discuss what are the papers that you require to have a credit card in India. And a very necessary thing that you just need to own your credit card is that your credit score should be approx 9 out of 10 to have a credit card.

What are the Papers or Documents that you require to fill Credit Card Form?

So, whenever you will apply for a credit card you age must be at least 21 years and have a KYC debit card. You will also be asked to bring Address proof you can use Passport, Driving License, Voter ID Card, Pan Card, Aadhar Card, etc as Address proof. You must have you, Pan Card, with you whenever you are applying for a credit or debit card. The bank will ask your income proof that you can show by Bank Statement, Pay Slip, Income Tax Return, or any other such documents. And you also require a Passport sized photo.

What you can do with your Credit Card?

If you have a credit card there are many advantages of using it. You can be free from carrying cash with you. If you are not having money and you are planning to buy something then you can pay the shop owner using your Credit Card and you can enjoy no-cost EMI for 45 days. You can buy any product from online shopping malls and pay them later.

So I hope the article was useful for you and you understand how you can apply for credit card and what are the key factors that are required to own a credit card. In some cases, you don't require these key factors you can get a credit card without it as well.

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