Getting a credit card has now become easier than ever. Just check your eligibility, and list of documents needed, and apply online. Documentation may vary from issuer to issuer. While no document needs to be produced physically, it is best to keep these handy.
When applying for a credit card in India, you'll typically need to submit a set of documents to verify your identity, address, and financial stability. Here's a breakdown of the commonly required documents:
Completed application form: Ensure all sections are filled out accurately and truthfully
Passport-sized photograph: A recent photograph adhering to the bank's specifications (size, colour format)
PAN Card: This is the most common identity proof document required
Aadhaar Card: An alternative to PAN Card, accepted by some banks
Passport: Valid passport if you don't have PAN or Aadhaar
Voter ID Card: Might be accepted by some banks
Driving License: In some cases, a valid driving license can be used
Utility Bills: Electricity bill, water bill, telephone bill (not older than 3 months) with your name and address visible
Ration Card: This can be used as address proof in some cases
Passport: If your passport has your current address mentioned
Driving License: If it has your current address
Aadhaar Card: If your address is updated on your Aadhaar card
Bank Statements: Recent bank statements (past 3 months) mentioning your address
Lease Agreement: If you're residing in rented accommodation
Salaried individuals: Latest payslips (2-3 months) showing your salary and employer details
Self-employed individuals: Income Tax Returns (ITR) for the past 2-3 years along with bank statements reflecting income
Other cases: For students or those with non-traditional income sources, specific documents for credit card application might be required. Check with the bank for details.
Form 16: If you have a Form 16 from your employer, it can strengthen your application.
Bank Account Details: Details of your savings account can improve your application, especially if you have a good banking relationship with the issuing bank.
To get a credit card without a salary slip, you need to submit your bank statements. This holds proof that your employer has been crediting the salary into your bank account monthly.
The minimum age to get a credit card in India is 18 years. Some banks or financial institutions give a credit card at the age of 21 or 25 years as an applicant is usually more financially stable by that age and can meet the minimum salary requirements.
You can visit the bank's official website to see if you are eligible to get a credit card of your choice. Usually, the eligibility criteria include a good financial history, a stable source of income, and a credit score of at least 650+ points. If you meet these minimum criteria, you can go ahead and apply for a credit card.
Yes. Every applicant has to mandatorily submit the entire list of credit card documents while making an application. Failure to do so can lead to the card issuer rejecting the credit card application.
The three primary documents that you need to submit to apply for a credit card include - identity proof, address proof, and income proof. In addition to this, depending on the card issuer and your employment category, you may be required to submit a few additional documents.
To apply for a credit card, you need to first fill out the credit card application form. Then, attach the list of credit card documents as required by the card issuer. Fill in the application and submit it along with the list of documents.
Once the issuer thoroughly verifies the documents and is satisfied, your application will be approved and the credit card will be dispatched to the address mentioned by you. Keep in mind that during the verification stage, the card issuer may request you to submit additional documents.