Credit Cards are one of the best financial tools for making big-ticket purchases along with getting the luxury of paying back the amount later. The Card comes with a bank-approved credit limit and the holder must pay back the amount due on the due date, which is annually decided by the cardholder and bank.
Here are the main features of credit cards:
• Welcome Gift
When you apply for a credit card, almost each of the banks offers a welcome gift to applicants like reward points, vouchers, bonus points, discounts, etc.
• Reward program
The credit cards come with an exciting reward program, that helps the cardholders to earn reward points on each of their credit card transactions.
• Fuel surcharge waiver
It is one of the main attractions of using a credit card. Getting a fuel surcharge waiver to the cardholders on spending a specific amount of money on fuel every month.
• Cashback and lifestyle benefits
Many credit cards offer cashback benefits and lifestyle benefits to the customers. It helps the cardholders to save more on their spending.
• Travel and airport lounge access benefits
Travel benefits of credit cards come in the form of air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc.
• Easy balance transfer
Credit cardholders can transfer the high-interest outstanding balance of their existing cards issued by one bank to the credit card account of another bank that is offering a lower interest rate deal.
Easy EMIs
The feature makes it easier for credit card members to convert their big purchases into easy monthly installments (EMI).
Know about the credit card eligibility
To get a quick credit card approval, it is a must to ensure that you meet certain eligibility requirements. Each of the financial institutions has set certain parameters to give credit card approval. Here are the most common credit card eligibility requirements to get a credit card in India:
• Applicant must have a minimum age of 18 years
• The minimum income salary must be between Rs.1 lakh and Rs.3 lakh.
• Applicant should either be salaried or self-employed
Documents required to go for a credit card apply:
Here is the list of some of the basic documents required you will need to submit when you are going for a credit card apply
Both Self-employed and Salaried
• Completed application form
• Passport-size photographs
• Proof of identity (copy of PAN, Aadhaar, passport, etc.)
• Proof of residence (utility bills, driving license, PAN, Aadhaar, etc.)
Salaried- Income proof
• Latest salary slips
• Form 16
• Bank statements
Self-employed- Income Proof
• Income proof
• Statement of accounts
• Proof of business
If you are willing to apply for a credit card, always go for an online credit card. It is one of the best ways to go for a contactless credit card application procedure and stay safe and healthy at home amid this pandemic situation.
We IndiaLends are having 50+ credit cards from the top banks. Apply for a credit card by comparing the best credit cards online. You can find credit cards offered with their features, benefits, fees, and latest offers, everything in a single place.
Apply now for an online credit card with IndiaLends and enjoy an exciting rewards program in the form of discounts and cashback. Save more while choosing the right credit card.
