You want to own a credit card but you don�t know how to apply for credit card. Don�t worry. Following tips will guide you and you will be able to apply for a credit card without any problem.
To apply for a credit card, you need to be between 21 years to 65 years. Credit card companies or issuing banks, have a requirement between Rs 75,000 to Rs. 1, 75, 000 per annum depending on the type you choose.
- Choose the card you will like to have
- Correctly complete the application form, provide all requisite information and a photograph.
- The two types of documents credit card issuing bank ask to provide are income proof and residence proof.
- Provide supporting documents for income proof like last two months salary slips, IT certificate for last five years, etc and copy of bank statement for the last six months.
- For residence proof provide any of the documents like Ration Card, Driving License, Electricity bill, Telephone bill, Voter Id and Permanent account number (PAN).
- Submit the application along with supporting documents to credit card issuing company either directly by courier to the designated address or through their authorized agent. After verification of the application for credit card, and conducting the credit appraisal, the bank will send you your card by mail if you satisfy all the requirements for obtaining the credit card.
You can apply for credit card in the above mentioned way. However, today the internet has made it lot more easy to obtain a credit card. When you apply for credit card online, you can know the status of your application within minutes.
While the information you provide in online application may be protected against hacking, it enables identity thieves to use your information for an online credit card application in your name.
A different mailing address is used. After they receive the card, they change the address to yours so that the bill comes to you.
Some things to look for when you apply for a credit card online include:Annual Fees
Monthly Fees
Late Fees
Over The Limit Fees
Due Dates and Times
Interest Rates
Balance Transfer Fees
Credit Limit Increase Fees
During application for credit card online, read the fine prints carefully. The safest move is to read thoroughly the disclosures. It will be very helpful if you print and save these and refer when you need them.
When you decide to have a Visa Credit Card you can have it by following the same procedure mentioned above i.e. filling the application form in hardcopy or through online.