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How to get an Instant online credit card

Credit cards are considered a basic necessity in the present fast-moving world. Individuals prefer credit cards to shop online, make big-ticket purchases, and get zero-interest EMIs as a line of credit. If you are looking to get an instant credit card, you can apply online. You need not visit the bank to apply for a credit card. 

Apply for an Instant Credit Card Online

Step 1: Pick a suitable card for you. 

A bank can offer different types of credit cards with different features. You need to determine your needs and pick the most suitable card. For example, 

Step 2: Check Eligibility Criteria for Credit Card

Eligibility standards may vary for different credit cards. You can check credit card eligibility conditions before applying. Following are the common eligibility criteria to avail of a Credit Card:

 

  • The applicant should be aged between 21-65 years. If it is an add-on card application, the applicant’s minimum age should be 18 years.
  • The bank may need a credit score of 750+ to issue a credit card. 
  • A particular credit card income requirement differs from others. The applicant must match that particular requirement.
  • An Indian resident can apply for a credit card with any bank.
  • An individual based in Delhi, NOIDA, Gurgaon, Bangalore, Chandigarh, Chennai, Ahmedabad, Hyderabad, Mumbai, Pune, and Kolkata is eligible for most credit cards. 

Step 3: Check if Pre-approved Offers are Available for Credit Cards

Banks offer pre-approved cards to creditworthy consumers. You can get it within a few minutes as banks have already checked your eligibility criteria to get an instant credit card. You just need to select your card, update a few details and generate your card. If you have an excellent track record with your bank or financier, you can get a pre-approved offer for a credit card.

Step 4: Check Credit Card Fees and Charges

Joining Fee / Annual Fee, Late Payment Charges, Cash Advance Fee, Exceeding Credit Limit Charges, Bounce Payment Charges, and Foreign Transaction Fees are the primary charges you should know before applying for a card.

Step 5: Fill Online Application 

You can fill out the online application at the official website of the bank. Banks ask for minimal paperwork. All you need to submit these documents:

  • Identity Proof: PAN card with your Aadhaar card, driving licence, Passport
  • Income Proof: Latest Income Tax Return, business proof for self-employed individuals, previous 3-month bank statements and salary slips for salaried individuals. 
  • Address Proof: Submit your Aadhaar card, Voter ID, driving licence, Passport, utility bills, rent agreement, municipal or property tax receipt, etc.

Document requirements may vary for different credit cards. Check card-specific requirements while applying. The bank may not ask for all these documents from the existing account holder. New customers need to upload these documents and fill the application with other personal details required.

Step 7: Receive your Credit Card

Once the bank’s representative verifies your documents, your application will be approved instantly. It will be dispatched to your registered address. The delivery partner will ask for your identity proof at the time of delivery for safety concerns. 

Step 8: Activate your Credit Card

After receiving your credit card, you must set a PIN to activate it. Change your PIN online now, and do not share your credit card PIN with anyone. 

Now you can use your credit card instantly. Many banks provide you with the credit card number virtually just after approving your credit card application.

Read Also: Best Laptop Brands 

Advantages of Credit Cards for Consumers

Credit Cards come with a host of unique features and offer numerous benefits to cater to different needs of different consumers. Here are the key advantages of credit cards for consumers:

  • Credit cards come with universal payment acceptance.
  • Consumers can enjoy credit-free payments for 40-50 days after the purchase. 
  • You can convert the payment amount into an easy credit card emi interest rate.
  • You can make high-end purchases on interest-free EMIs. 
  • Your card helps you to create a credit history.
  • You can earn rewards redeemable on gift vouchers, movie tickets, etc., and cashback in your merchant wallet or your account. 
  • Many credit cards offer fuel surcharge waiver benefits and other perks in the airport lounge. 
  • You can enjoy exciting discounts on merchant outlets, online shopping, dining, etc., all year long and save significantly. 

 

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