Information & Documents Required To Apply For A Credit Card

Having a credit card is not a luxury but a necessity for people these days. Almost everyone wants to have a credit card as soon as they become adults. If you are someone who is thinking of entering the world of credit cards, you might not be aware of a lot of things regarding credit card information, how they work, how you can apply for them, and many more.

After choosing the right credit card for yourself, the next step is to apply for a credit card and before proceeding with the application, many people want to know all information they need to provide while filling the form.

However, the application process may vary for different card issuers, but the information and document required are almost the same for all. So, to help to find out these things, we are here to make you understand what information and documents you need to provide while applying for a credit card:

Information That Is Asked in a Credit Card Application Form

The application form you need to fill to apply for a credit card may be lengthy as compared to other application forms related to banking services. Following are the information that you will have to fill in a credit card application form:

Personal Details: You will have to enter your personal details including your full name, date of birth, contact number, email I’d, current and permanent address, nationality, gender, etc. You must be aware of the fact that you should be at least 18 years old to apply for a credit card. Other than all this, some card issuers also ask about your marital status and the details of your family members.

Employment Details – As the card issuers want to ensure that you have some source of income to repay your credit card bills, they ask you about your employment status and net monthly/annual income. It is advisable for you to enter all your sources of income if you are earning from multiple sources. Moreover, if you are self-employed, you will have to enter your ITR details in the form.

Educational Qualification – Although educational qualification doesn’t always matter while approving or rejecting someone’s application for a credit card, some card issuers still want their cardholders to be well educated, and hence they ask about your education in the application form. Some card issuers just ask about your educational qualification even if they have nothing to do with the same.

Debts or EMIs – Not all, but some card issuers will ask you about whether you have any ongoing EMIs or debt in your name or not. By asking this, they want to make sure that you are not already into so much debt and you can repay your credit card bills without much struggle. There are chances that your application will be rejected if you have a lot of dues to pay.

Documents Required

You will need the following documents while applying for a credit card:

Identity Proof – As an identity proof, you will have to provide one of these documents: Aadhar Card, PAN Card, Voter ID, Driving Licence, Passport.

Address Proof – You will have to provide any of the following documents as address proof: Ration Card, Utility bills, Driving Licence, Passport, Aadhar Card, etc.

Income Proof – If you are a salaried individual, you will have to provide the latest three months’ salary slips, bank statement, etc. And if you are self-employed, you will have to provide the latest income tax returns.

How To Apply For Credit Card?

Applying for a credit card has become very easy today as you can do it online as well as offline. Here is how you can apply for a credit card via online and offline methods:

Online: To apply online for a credit card, just visit the official website of the respective card issuer/bank. Go to the personal banking section under which you will find an option for credit cards. Sometimes, the ‘credit cards’ section is given on the home page itself. Then, select the credit card you want to apply for. Proceed further with the application form by filling in all the required details and uploading the required documents. You can also track your application by entering the reference I’d that will most probably be sent to you on your registered mobile number/email address.

Offline – For people who don’t prefer online methods to do anything, the offline method will be a better choice. You simply need to visit your nearest branch of the bank from which you want to get a credit card. Make sure to carry all the required documents with you. Ask the bank executive to provide you with the physical application form to apply for a credit card and fill that carefully. Attach a copy of all the documents and submit your form.

Customer Care – You can contact credit card customer care and ask them to assist you about how you can apply for a credit card. You can find the customer care numbers on the official website of a card issuer. They will definitely guide you on how you can apply for a credit card or they will initiate your application.

Bottom Line

The process of applying for a credit card is not really difficult as long as you are comfortable with the internet and mobile phones/laptops. However, the offline method is also not challenging but the online process makes it very smooth and hassle-free as you can get it done from the comfort of your home.

There is nothing to be afraid of about filling in your information in a credit card application form as long as you are sure that you are filling in all the details on an authorized and genuine website of the card issuer. Also, you must recheck all the details and documents before submitting your application as the rejection of your credit card application may indirectly affect your credit score.

If you still have any doubts regarding the information and documents required to apply for a credit card and the application process, you can freely ask us in the comment section below!