Applying For Credit Cards – Know the Eligibility Criteria
There are a variety of Credit Cards available to customers. Some credit cards are issued to those who have a steady income, while others are specially structured for business people. These cards can help you build a positive credit history. However, you need to be aware of the eligibility criteria before applying for a credit card.
Which bank credit card is safe?
The card issuer will check your credit report for any negative information. They will also take into consideration factors such as your credit history and employment. In addition, your payment patterns will be studied. If they find any issues, they may reject your application.
You can apply for eligibility credit cards online or in person at the bank. Most banks have set up kiosks where you can fill out an application form. Alternatively, you can visit the issuer’s office and have an agent complete the application for you.
Eligibility requirements vary for each card. For instance, if you have a chequered credit history, you might be required to spend a certain amount of money before obtaining your card. Similarly, if you are a student, you may not be permitted to have a high credit limit.
When you apply for a credit card, you must be a resident of India. You need to have a bank account, and a regular source of income. It is also important that you read the terms and conditions of the card.
You can use the eligibility calculator to gauge your chances of getting approved for a particular card. You can also review your current Credit Score to determine your credit worthiness. Applicants who have a credit score of 750 or more are generally considered good. This helps them get a more attractive interest rate offer.