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How to Apply online for a Credit Card

Know about how can the process of applying for credit card online can be made easy, here are few simple steps to make your purchase less cumbersome.

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How to Apply online for a Credit Card

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  1. How to Apply online for a Credit Card

  2. Who Can Apply – Eligibility Criteria In order to apply for an credit card, you must meet the following criteria. - Applicants must be at least 21 years of age and having a minimum annual income of Rs. 5,00,00 - Have a good credit history and no payment defaults - If Self-Employed you have been trading for at least 18 months or 12 months

  3. Types of credit cards Credit cards are of various types with different fees and interest rates. • Low Interest Credit Cards • Business Credit Cards • Balance Transfer Credit Cards • Cash Back Credit Cards • Premium Credit Cards.

  4. how credit card works?

  5. Way to get a Credit Card There are 2 way to get credit card • Applying to the bank for credit card - To help you reaching the best banks there are various online medium, some of them are listed below: • PaisaBazaar.com • Moneyleo.com • Bankbazaar.com • apnapaisa.com • Applying Online But First the customer must be account holder in respective bank to get credit card benefit.

  6. Benefits of using Credit Card • Sing up Bonuses • Cash Back • Investment Rewards • Loyalty Points • Universal Acceptance • Safety • Building Credit • Grace Period

  7. Payment Procedure Credit card payment can be done in 2 way: • Online Payment • In Bank

  8. Credit Card pros and cons Pros: • You can make a large purchase now and pay it off in smaller chunks • Your credit card statement makes budgeting easier • It’s easier than carrying around a wad of cash • You can build up your credit score, which will be useful later on Cons: • You can easily dig yourself into debt if you’re not careful about your spending • The ease of using credit cards can cause you to overspend • Interest rates can make even a small debt seem larger over time

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