Documents Required for Credit Cards

Documents Required for Credit Cards

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Credit Card – Documents

Indian banking operations have evolved. Traditionally, people were quite skeptical even to consider availing a loan from the bank. After all, the tedious application process was time-consuming and complicated for them to understand.

Besides loans, owning a credit card was a far-fetched idea for most people in India. Along with a stringent application process, the list of documents needed for a credit card was never-ending. Therefore, applying for a credit card was the last resort for people facing financial crises.

However, times have changed now. As the Internet era took over, bank operations have become faster and convenient for the audience. It has transformed the way people look at debt in general. Today, credit cards are a widely popular credit instrument among salaried individuals, business owners, NRIs, and students.

Since the demand for credit cards has significantly increased, financial institutes in India are launching credit cards with unique features and benefits. Based on your preference and necessity, you stand a chance to avail the best credit card deals in the market. Nevertheless, you still need to fulfil the eligibility criteria and submit the documents required for the credit card you want.

When talking about credit card documents, specifically, certain people do not possess a specific set of documents. The question that might come to mind after this is whether these people still stand a chance to get a credit card in India. The answer is – yes. Let us take a few examples to understand how that works out.

Example 1: Credit Card for people without Income Proof

Some companies in India do not provide customary salary slips to their employees. If you are among these people, you must be thinking about whether you can get a credit card without income proof or not. While income proof is one of the documents required for credit card application, it is still possible to get without income proof credit card in today’s time.

To avail without salary slip credit card in India, you have to submit the bank statements where your salary is credited. The statement holds information on transactions made by the employer showing the credit of salary into your bank account every month.

Example 2: Credit Card for people without Income Proof and Fixed Deposit

We just explained how simple it is to avail a credit card without salary slip. However, certain banking institutes offer credit cards against your fixed deposit account. So, what do you do if you don’t have a fixed deposit?

In that case, let us assure you that you can still get a credit card without income proof and FD. In India, the banking operations have become lenient towards credit card applications, making it possible to get a credit card without payslip or FD account under your name.

Example 3: People without Income Tax Returns (ITR)

One of the other credit card documents required when applying for it is the ITR. But many people do not fall under the tax-paying category and hence do not file ITR. To get a credit card without ITR in India, you need to have sufficient earnings and a bank account.

Example 4: People without PAN Card

PAN card is one of the other documents for credit card application in India. In case you are among the people who do not possess a PAN card, then don’t worry. You still can get a credit card under your name. To apply for a credit card without a PAN card, you have to submit income proof or salary slips.

Now that you have sufficient understanding regarding credit cards, we have enlisted the credit card application documents for your easy understanding.

Credit Card Documents Online

In India, you can apply for a credit card online as well as offline. The only difference between the two is that you have to visit the financial institution’s branch office in person when applying for a credit card offline. Also, you need to carry the required documents (photocopies and original) along with you to the branch for verification purposes. Upon approval, the credit card will be delivered to you within a few days.

On the other hand, the credit card online application can be made at any time and anywhere. All you have to do is visit the financial institution’s website and apply for a credit card. Upload the necessary credit card documents online and submit the application. Once the institute receives your application, a representative will get in touch with you for further procedures.

In all, the credit card documents needed for online or offline application remain the same. You need to submit the proof of address, identity, age, or income (whichever applies to you). We have discussed the documents required for different types of credit cards below in elaborate detail.

Documents for Different Types of Credit Cards

You should submit the photocopies of the following documents whether you apply for a credit card online or offline. Submit the documents based on the category you fall under –

  1. Salaried Individual

  2. Self-Employed Professionals

  3. NRIs

  4. Students

Documents Required for Salaried Individuals

Salaried individuals can get credit cards in India quickly. The documents that they need to submit when applying for a credit card are listed below –

Salaried Individual Credit Card Documents

Identity Proof Documents (Submit Any One)

  • PAN card

  • Aadhaar card

  • Passport

  • Voter ID

  • Driving licence

  • Ration card

  • Arms licence

  • Freedom fighter’s ID card or legally acceptable photo ID duly signed by a Gazetted officer

Address Proof Documents (Submit Any One)

  • Passport

  • Aadhaar card

  • Voter ID

  • Ration card

  • Driving licence

  • Lease/Rent agreement

  • Property documents

  • Utility bills of the last three months

Income Proof Documents (Submit Any One)

  • Salary slips of the last three months

  • Bank statements of the previous six months

  • Form 16

  • Income tax returns

Documents Required for Self-Employed Professionals

Self-employed professionals can avail credit cards as well. The documents required for credit card for self-employed individuals are as follows –

Self-Employed/ Business Owners Credit Card Documents

Identity Proof Documents (Submit Any One)

  • PAN card

  • Aadhaar card

  • Passport

  • Voter ID

  • Driving licence

  • Ration card

  • Arms licence

  • Freedom fighter’s ID card or legally acceptable photo ID duly signed by a Gazetted officer

Address Proof Documents (Submit Any One)

  • Passport

  • Aadhaar card

  • Voter ID

  • Ration card

  • Driving licence

  • Lease/Rent agreement

  • Property documents

  • Utility bills of the last three months

Income Proof Documents (Submit Any One)

  • Salary slips of the last three months

  • Bank statements of the previous six months

  • Form 16

  • Income tax returns (ITR)

  • Certified financial documents

  • Proof of business continuity

Note that when applying for a credit card for self employed without ITR, submit the last six months of bank statements, certified financial documents, or business continuity proof instead.

Documents Required for NRIs

The Non-Resident Indians (NRIs) can apply for a credit card in India. The documents required for NRIs to apply for credit card are as follows –

NRIs Credit Card Documents

Identity Proof Documents (Submit Any One)

  • Passport

  • Driving licence

Address Proof Documents (Submit Any One)

  • Passport

  • Voter ID

  • Driving licence

  • Lease/Rent agreement in India

  • Utility bills of the last three months in India

  • Original bank statements

  • Title deeds of the property in India

Income Proof Documents (Submit Any One)

  • Overseas bank statement

  • Government-issued ID card

  • Credit card statements (if any)

  • Company appointment letter

  • Company ID card

Documents Required for Students

In India, even college-going students can apply for a credit card. The documents required for student credit card are listed below –

Student Credit Card Documents

Identity Proof Documents (Submit Any One)

  • PAN card

  •  Aadhaar card

  • Passport

  • Voter ID

  • Driving licence

Address Proof Documents (Submit Any One)

  • Passport

  • Voter ID

  • Ration card

  • Driving licence

  • Utility bills of the last three months

Age Proof Documents (Submit Any One)

  • School certificate

  • Birth certificate

  • Passport

  • Voter ID

College/University Enrollment Proof Documents (Submit Any One)

  • College ID

  • Admission slip

  • Study certificate from college/university

Besides this, you can also get a travel credit card or forex card that can come in handy during your international trips. Following is the list of documents required for travel credit card or forex card based on the category you fall under –

Travel Credit Card/Forex Card Documents

For Salaried or Self-Employed Travellers

  • PAN card

  • Passport

  • Valid visa

  • Travel tickets

  • Form A2

For Student Travellers

  • Passport

  • Form A2

  • Appointment letter/Admission letter/ University ID

Know that applying for a credit card in India is no longer a hassle. With this, you must now be well aware of the different credit card documents that you might need when applying for it.

FAQs

  • ✔️What documents do I need for a credit card?

    Based on your category, whether you are a salaried individual, business owner, NRI, or student, you need to submit proof for address, identity, income, or age. Visit Finserv MARKETS online to gain insights on the documents required for credit card application in India.

  • ✔️How to get a credit card without salary slips?

    To get a credit card without 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.

  • ✔️Which documents are acceptable to establish age proof?

    Ideally, age proof is one of the student credit card document requirements. The acceptable documents to establish age proof are as follows –

    • School certificate

    • Birth certificate

    • Passport

    • Voter ID

  • ✔️Is it necessary to submit documents?

    Yes. You need to submit a specific set of documents based on the category you fall under (salaried individual, self-employed, NRIs, or student) when applying for a credit card in India.

  • ✔️Do credit cards ask for proof of income?

    Yes. Most financial institutes ask for proof of income when applying for credit cards. However, it is not a compulsion. To get a credit card without income proof, all you need to do is submit your bank statements.

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