Most people are familiar with credit cards and the convenient access to cash that they provide. However, there are often confusing views on the benefits of owning a card. Some financially conservative individuals might view it as an unnecessary debt burden but may overlook the fact that a card can help one build a credible credit history and an enviable credit score. It’s a tool that when used well, can bring in a lot of benefits. In fact, given the competitive market scenario, credit card companies and banks today, provide all kinds of cards to suit a customer’s requirement and individual taste.
|BENEFITS OF A CREDIT CARD||
|CREDIT CARDS & CREDIT SCORES||
Most credit card companies use the credit score and credit report to screen applicants while processing credit card applications. While some banks may willingly offer a credit card based on the individual’s bank balance and monthly income, this might come with their own clauses. Either way, it is best to maintain a healthy credit score so that you can avail a credit card of your choosing instead of picking what has been offered to you.
|APPLY FOR CREDIT CARD OFFLINE||
People who are not comfortable with online methods of credit card application canvisit the bank branch directly to apply for the same.Just visit the branch and communicate about the type of credit card you need.The representative will tellyou about thecredit cards that matchyour needs.Then,you will have to fill
There are credit cards available for all kinds of customers with varying income and credit history. One can avail minimum benefit credit cards starting with a monthly income of Rs. 25,000. Of course, higher the income, higher the availability of credit card limit and more the rewards & benefits.
While the full list of documentation might vary from company to company, the basic list comprises of a statement of income such as Income Tax Returns, Salary Slip or Form 16 and identity proofs with photo and an address proof. An applicant would also need to submit his pan card number and in most cases, his Aadhar number.
|TYPES OF CREDIT CARD||
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