To meet the rising demands of customers, banks have made the application process for credit cards, really easy. Credit cards can be applied either online or offline. Sometimes, banks also pre-approve credit cards for customers with good credit score.
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An applicant must meet certain eligibility criteria, before applying for a credit card. The eligibility criteria varies across lenders, depending on the type of credit card applied and the bank to which the application is made. Given below are some general eligibility criteria:
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Here are some tips to help you find the right credit card:
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Online Application: A bank customer can apply for credit cards online, once they meet eligibility criteria. Online credit applications can be made by logging on to net banking website and applying for credit cards by filling a basic form with personal details.
You will receive a call from a bank executive, who guides you through the process of credit card application. The bank sends a representative to collect your documents and verify address of residence, post which your credit card is approved. The credit card is sent to your postal address.
Offline Application: Customers can also apply for a credit card by visiting the bank branch. You meet the bank executive and communicate your requirements. The bank executive guides you through the process and conducts verification of your documents, post which the credit card is approved. To get the card approved, the customer has to submit KYC documents, application form, income statement and passport sized photographs.
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