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Credit Card
- Our Location
Delhi-NCR, India
Basic Details
The eligibility criteria of a Credit Card applicant is as follows:
Age
You should be at least 21 years old to apply for a credit card.
Credit History
Your credit score which is a function of your credit history such as repayment pattern of earlier loans, credit card limit utilisation, defaults in payment of EMIs, among other factors is very important determinant of your eligibility.
Monthly Income
It should be at least ₹20,000. It varies from bank to bank.
Self-Employed Applicants
The business should be stable and must be able to demonstrate it profits with the help of audited financial statements.
Miscellaneous
There may be other criteria set by lenders such as employer, profession, age, minimum salary amount, residence, official address, documentation required, etc.
Documents Required :
Pan Card
Adhaar Card
Address Proof
3 month salary slip
Last 6 month bank statement
In case of card to card issuance, details of existing cards may be required.
In case of self-employed individuals, audited financial statements and GST returns may be required.
Terms & conditions :
Joining Fee
Fee charged for issuing the credit card is known as joining fee. It is charged for the first year. Some banks don’t charge joining fee.
Renewal Fees
There is an annual renewal fee on the card after the first year.
Interest
Billing cycles differ for every credit card issuer, and post the bill payment due date an interest of around 3-4% is charged on the balance outstanding.
Cash Withdrawal Fee
Cash may be withdrawn from compatible ATMs using your credit card within a limit specified by the bank upon which a withdrawal fee is charged and interest is levied from the day of withdrawal.