Application of credit card is simple. Most banks issue this type of plastic money to help people with a certain level of purchasing power. Different banks have different procedures for the issue of credit cards.

The simplest way you can own a credit card is by applying to the bank where you have an account. Banks and other financial institutions offering credit cards usually cross check certain parameters that encompass your debt repayment capabilities such as credit score, monthly income, etc. Besides, applying for a credit card with the bank in which you have your account can help you get an enhanced credit limit as your income grows.

Different companies and banks provide attractive offers on their credit cards, so ensure that you check the discounts and promotions being offered. For instance, if you wish to redeem offers related to entertainment, you may like to opt for cards that would offer discounts on plays, movie tickets, etc. If you are a foodie and dine a lot, think of applying for a dining special card as an add-on. Many banks also offer discounts on diesel and petrol purchases made via credit cards. So do your homework properly.

Once your research is done, you will have to submit all the valid documents like identity proof, address proof and other required documents for getting your very own card. Do not forget to check the annual charges that the bank levies on such cards.

  • In some cases, you may be asked to get a fixed deposit with the bank you want your credit card from.
  • The minimum FD should be about Rs.20000 and the minimum tenure of the FD should be 180 days.
  • Apart from that, instant platinum credit cards are never issued directly. Also, the eligibility criteria for applying for a credit card would differ from one financial institution to the next. So, you need to check out the terms of appliaction and adhere to the document requiremnts and other necessary credentials for getting your credit card home.
  • The approval for credit cards largely depends on the the bank or credit card company that you are applaying for. Every company and bank has its own terms and conditions. So, choose accoirdingly.

Indian Banks offering Credit Card facility to its customers are:

  • Axis Bank
  • Canara Bank
  • Bank of Baroda
  • Corporation Bank
  • ICICI Bank
  • Indian Overseas Bank
  • Punjab National Bank
  • Union Bank of India
  • Vijaya Bank
  • SBI
  • HDFC
  • Kotak Mahindra.
  • Syndicate Bank

Once the credit card is ready for usage, card holders will have to show their approval of payment while signing receipts (sometimes, along with card details) and indicate the sum to be remunerated by entering a PIN code. These days, certain merchants agree to accept oral authorization via telephone and internet. This kind of electronic verification allows merchants to confirm that the credit card issued is applicable, and the holder of the card has sufficient credit for buying good and services.

Now that you are aware of the right procedure of applying and using a credit card, apply for one today.