Tagged: Credit Cards

Types of Credit Cards and Eligibility Criteria

The plastic money or credit card is a small card made out of plastic which are issued by the credit card company. It is one of the most essential add-on to the purse. The credit card is one type of loan which is taken for the short period of time. The aim of the credit card is to help the user for digital payment and let them be cashless. The credit card can be used for both online and offline mode of payments. The most important thing to consider is that you buy now and pay later. It is the mode of payment in which the user can make use of the card anywhere and everywhere and can pay the credit card company later.

There are different types of credit cards that can be used for different purposes. The credit cards are one of the useful tools but it charges the high rate of interest on the late repayment. Thus, the due date for the bill payment is needed to be remembered so that the interest rates should not be leveraged on you. It is also the very secured way of payments. The card is secured through the pin number which is known only to the authorized users. Thus, at the time of theft and robbery, you can block the card and be safe.

 

credit card

Types of credit cards

There are different types of credit cards that are available for the user according to the purpose of uses. The credit card is one of the modes of the payment which can earn you the cash back, reward points and discounts which can be utilized by the user for the maximum benefits. Given below is the list of the credit card that is available in the market for the different purpose:

  • Standard credit card
  • Lifestyle credit card
  • Travel credit card
  • Student credit card
  • Reward credit card
  • Balance transfer credit card
  • Business credit card
  • & much more.

The eligibility required for the credit cards are-

To get the credit card the eligibility criteria required are mentioned as follows:

  • The applicant should be 18 years old and the maximum age should be 60 years. And the Add-on card holder should be minimum of 15 years old.
  • The applicant should be a salaried individual or self- employed.
  • The applicant should have good credit score.
  • The minimum income of the applicant in the case you are the salaried individual is 1.5 lakh, and if you are self- employed your minimum income should be 2 lakh.

Documents required

The valid and legal documents are required by the credit card company at the time of application. The documents asked by them is mentioned below:

  1. ID Proof- PAN Card/ Driving Licence/Aadhar Card/ Passport.
  2. Age Proof- PAN Card/ Aadhar Card/ Passport
  3. Residence Proof- Utility bills/ allotment letters.
  4. Bank Statement- Last 3 months bank statement/ last 6 months bank passbook.
  5. Income Proof- Latest salary slip/ ITR/ Form-16.

Credit card bill payment

The credit card is a type of loan which needs to be paid on time to avoid any type of interest that are chargeable on the amount. For that, it is necessary to know the various mode through which you can pay your credit card bills. There are various options including the offline and online mode of payments. The credit card bill payment can be made offline by physically going to the branch and settle the bill. The online mode of payment is one of the most popular ways to settle the bill as it is more easy and convenient way. The different types of online bill payment is

  1. Online banking- You can easily access your account through your ID and password and pay the bill of the credit card.
  2. Mobile Apps- In modern days everyone has mobile with them which act as a magical wand and you can make payment from the apps anytime and from anywhere.
  3. Debit card- It is the card which is like taking your account everywhere. So when you enter the details of your debit card through the payment gateway then the money is directly deducted from the account and the payment is done.
  4. Other portals- There are many portals which are the third party and authenticated for the bill payment. You can login and pay through these portals as well.

The credit card is one of the ways through which the payment is done by the authorized user. Credit card does not exist. This bank is relatively new and does not have the much services and products to provide to its customer. The bank is improving and growing meanwhile. It can take some time to start providing the credit card for the users.

How Credit Card Calculator Works

Credit cards are surely a boon and the best innovation in the banking sector. But, this friendly card can surely spoil your happiness if not used properly and particularly if you fail to do the full payment on time. A credit card holder especially who ignored making the full payment at once can easily relate to the shock they must have gone through when their first bill was generated including the late payment fee.

People generally look for the details like the annual fees, card-renewal fees, add-on cards, reward points, etc. kind of information which is not going to help you more than knowing the calculative part behind. Having said that, it is quite understood that we are busy but we must know the calculation of the interest rate that we have to pay. So, before you apply for a credit card or if you already have one, you must know how the interest calculation is done.

credit card

Now, it is important to understand as a cardholder that the charges are paid on a monthly percentage interest rate which is generally 2-3% per month and is calculated on an average daily balance method for almost all the credit cards in India. The simple formula behind the interest calculation is:

Credit Card Interest Formula

Interest calculated= [(Outstanding amount X 2.50% p.m. X 12) X Number of days] /365

What about the grace period?

Having said that, you must be aware of the fact and facility-the grace period, provided by the bank for the convenience of the customers. This grace period is the duration where there are no charges for the repayment of the outstanding amount of your bill. In simple terms, a customer gets a particular period of time generally 20-60 days extra in addition to the normal monthly payment. However, the grace period from bank to bank and from a card to a card.

For instance, you a card with the interest-free credit card online that is the grace period of 55 days. Now, the billing date falls on the 4th of the month and hence you can spend within the credit limit from the 5th of the month to the 4th of the next month. Hence, the bill will be generated on the 4th of May and the due date will be 29th of May. So, if you used your card on 14th of April, your grace period will 46 days and if you have used it on 2nd May, your grace period will be 23 days.

Is interest applicable on the cash withdrawals?

Yes, totally. Even if you have been given the opportunity to use your credit card for cash withdrawals, it is always advisable to do it in a case of an emergency. Because the cash advances through the credit card do not have any grace period and the interest will be charged from the moment you withdraw the money till the time you make the ‘full’ payment. Hence, if the outstanding balances are fully paid every month, there is no grace period for you.

Let us take an example that Bank A charges ₹350 as the late payments fees for the bills up to ₹10,000. Also, let us assume that there are no outstanding balances before 10 November and the credit card bill has to be repaid before 18th of every month. The interest rate applicable on the card is 2.65% per month and the late payment is ₹350.

So, here is your usage and the payment details:

  • On 10 November- Purchased a mobile phone worth ₹15000 through your card
  • On 15 November- Order something online for ₹5000
  • On 18 November- Statement gets generated
  • On 15 December- Made the payment of ₹2000 against your bill
  • On 16 December- Again bought something worth ₹1000
  • On 17 December- Paid ₹15000 against your bill

Noe, as you can see the payment was not on time, so the entire outstanding amount will add interest rate and a late payment penalty. Hence, the charges at 2.65 per month rate are calculated from the statement date as follows:

  • From 18 November to 15 December (28 days):

[(₹15000X 2.65X12X28)/365]/100= ₹365.91

  • From 15 December to 17 December (3 days):

[(₹15000X 2.65X12X3)/365]/100= ₹33.97

  • From 18 November to 17 December (30 days):

[(₹15000X 2.65X12X30)/365]/100= ₹130.68

  • From 17 December to 18 December (2 days):

[(₹15000X 2.65X12X2)/365]/100= ₹5.22

  • From 16 December to 18 December (3 days):

[(₹15000X 2.65X12X3)/365]/100= ₹2.61

So, the total payment from your side will include:

  1. the total interest= (365.91+ 33.97+130.68+5.22+2.61) = ₹538.39
  2. Late payment charges = ₹350
  3. Total principal amount outstanding = ₹4000 (₹1000 fresh spend + balance ₹3000 outstanding from last month’s billing period)

Hence, Total Amount Due = Sum of the above three payments= ₹4888.39 + service tax as applicable on interest and other charges. In addition to this, there will be some cash advances fee, over limit fees, annual fees and other charges also need to be paid.

Hence, with the help of the above example, it will surely be easy for you to understand how credit card calculator works and the importance of the timely full payments.

 

Unleash the Luxurious World of HDFC Credit Card Here

Have you ever imagined your life without credit cards? Did you know what these plastic cards can do for you? Well, if you are also the one who is looking answers of the questions above, you are at the right place. Here, we will not only describe you the features and benefits of these cards but will also give a briefing about HDFC credit card. Yes, you read that absolutely right! When it comes to credit cards, the wide range offered by this lender comes into the mind as each card offered by this lender is unique in itself. Be it travelling, dining, shopping, rewards or cashback, they come handy to meet your day-to-day needs. This is the reason that demand of owning a card is increasing day by day. So, here we are giving you a detailed information about a diverse range of credit cards offered by HDFC.

hdfc credit card

Go through this page below to discover a world of these beautifully and thoughtfully designed cards.

The bank offers you cards in different categories, so before you vouch for the same, just know which card actually suits your need the most. So, without wasting any time further, let’s just take you to a world of these appealing cards.

Featured: There are 4 cards that come to this category their names are-JetPrivilege World, Platinum Times, Titanium Times and Diners Club. The USP of these cards is the fact that they are best suited for travel, dining, and entertainment. In fact, they give you the welcome benefit of bonus JPMiles, discount vouchers, reward points and a list of other lifestyle privileges.

Super Premium: Infinia, Regalia, Diners Club Black and JetPrivilege Diners Club, these are the cards that come into this category. Limitless opportunities, indulgence in luxury, exclusive lifestyle benefits and unlimited rewards & privileges, you can expect a lot from these cards. Not only this, in fact, you can get a welcome benefit of bonus JPMiles along with complimentary airport lounge access.

Co-Brand: Next on the list are the co-brand cards such as JetPrivilege World, Maruti Suzuki NEXA AllMiles, Titanium Times and Snapdeal HDFC Bank. Well, as these cards are co-branded, thus give plenty of unlimited benefits on shopping, flying, dining and movies. You can also expect to get bonus JPMiles, reward points, and discount vouchers as a welcome gift.  

Professional: Doctor’s Superia and Teacher’s Platinum these are the cards that can be availed under this category. They are for professionals and come with plenty of exclusive features and benefits such as best lounge program, welcome benefit, reward points and fuel benefits exclusively for teachers.

Premium Travel: Well, as the name of the category itself suggests the cards unde this domain are thoughtfully designed for travelling purposes, perfect for the frequent fliers. Superia, AllMiles and Maruti Suzuki NEXA AllMiles are the best-known cards that can be availed by you with welcome benefits, rewards, complimentary membership and much more.  

Premium Women: Solitaire is the only exclusive card that you can vouch under this category. This beautiful card comes with enormous features and benefits such as reward points, shopping vouchers and what not. This card belongs to those who are looking nothing, but luxury and premium comforts in life.

Premium: Regalia First, Diners Club Premium, Diners Club Rewardz and Visa Signature are the four cards that you can avail the premium category. Complimentary lounge access, fuel surcharge waiver, unlimited gold lessons, plenty of reward points, concierge services and last but not the least travel vouchers are some benefits that you can enjoy once you own this card.  

Regular: Reward points, 50% more reward points on incremental spends, fuel surcharge waiver and many more, Platinum Plus card under this category fills your life with a lot of joy. This silver coloured VISA card is loaded with unlimited features and benefits, hence is ideal for those who want every sort of comfort in a single card.

Commercial: The commercial range of HDFC credit card includes Business MoneyBack, Business Regalia, Corporate Platinum and Corporate Card, all are decked with a plethora of features and benefits. They not only offer you reward points, airport lounge access, petrol surcharge waiver, but they also come with the lowest foreign currency mark-up fee, 24×7 online MIS availability, and discounts at leading five-star hotels.

Cashback: If we talk about the CashBack category, here you have 4 cards, by the name of Platinum Edge, Freedom, Money Back and Bharat. Each of these cards come with unique features and benefits, hence giving you a memorable experience.

Maximize The Gains On Expenses With ICICI Credit Cards

Credit Card is the plastic money that helps in the cashless purchase of the goods. The card issuer pays to the merchant on behalf of the card holder and redeems it later. Moreover, the card providers grant several benefits and privileges to the card holders on the purchases done by these cards. Every payment made from the ICICI Credit Cards provide the same benefits.

The ICICI credit card offers multiple advantages such as cash rewards, heavy discounts on shopping and dining bills, travel miles etc. The benefits provided differ on each type of card. The customer has the option to select the type of card that fulfills his requirement, provided, he meets the ICICI Bank credit card eligibility criterion. The various types of credit cards offered by the bank are as follows:

apply online credit card

Types of ICICI Bank Credit Cards:

Gemstone Cards – The gemstone cards are designed to meet the everyday lifestyle of the people. The collection of these cards include:

  • ICICI Bank Coral Credit Card
  • ICICI Bank Coral American Express Credit Card
  • ICICI Bank Rubyx Credit Card
  • ICICI Bank Sapphiro Credit Card
  • ICICI Bank Diamant Credit Cards

Airline Cards – Every payment made by airline cards increases an opportunity to get the free flight tickets. This category of cards comprises:

  • Jet Airways ICICI Bank Coral Credit Card
  • Jet Airways ICICI Bank Rubyx Credit Card
  • Jet Airways ICICI Bank Sapphiro Credit Card
  • British Airways Premium Credit Card

Fuel Cards – The holder of this type of card gets the benefit of cash back and fuel surcharge waiver. The holder saves expenses on movie tickets and fuel purchased from the selected outlets. The fuel cards include:

  • ICICI Bank HPCL Coral American Express Credit Card
  • ICICI Bank HPCL Coral Credit Card
  • ICICI Bank HPCL Platinum Credit Card

Contact less Payment Cards – This type of cards have built-in master card contact less technology for safe and secure retail payments. The user can earn good reward points on every spent made by this card. The contact less cards involve:

  • ICICI Bank Coral Contact less Credit Card
  • ICICI Bank HPCL Coral Visa Contact less Credit Card

Ferrari Cards – The Ferrari Card user has the privilege to access the airport lounge and gets discounts on the Ferrari merchandise at the online Ferrari Store. The card offered under this category are:

  • Ferrari Platinum Card
  • Ferrari Signature Card

Other Cards – There are more ICICI credit cards that come with lot more benefits. These cards include:  

  • ICICI Bank Platinum Chip Credit Card
  • ICICI Bank Instant Platinum Credit Card
  • ICICI Bank Unifare Banglore Metro Credit Card
  • ICICI Bank Coral Credit Card Against Fixed Deposit
  • ICICI Bank Unifare Mumbai Metro Credit Card
  • ICICI Bank Unifare Delhi Metro Credit Card

The customer can apply for any of the credit cards he/she is eligible for and can check the ICICI Bank credit card application status online. And even call on the ICICI credit card customer care no. to know about the products in detail. They can avail the ICICI Bank credit card statement online and make the payment online.

 

Know all about HDFC Credit Cards and its types

Thinking to avail a credit card which can offer you various deals and meet your requirements? HDFC, one of the leading private banks offers a wide range of credit cards that can fulfil the needs of anybody, be it a salaried employee or a self-employed one. HDFC Credit Cards provides customers unparalleled benefits and exciting offers which always keeps them satisfied.Now you can get cashbacks and discounts on movie tickets or dining. HDFC Credit Cards even allow you to earn rewards points and redeem them accordingly. So let’s go deep inside and know about the different types of HDFC Credit Cards.

hdfc credit card

Types of HDFC Credit cards:

HDFC Credit Cards are available to customers under various categories-

  • Featured cards
  • Super Premium
  • Co-brand
  • Professional
  • Premium Travel
  • Premium Women
  • Premium
  • Regular
  • Commercial
  • Cashback

Featured Credit Cards:

Let’s have a glance at all the various credit cards offered under feature cards:

Jetprivilege HDFC Bank World: You are offered a welcome benefit of up to 10,000 Bonus JPMiles plus your one way base fare of Jet Airways ticket is waived You also get Six Miles for every Rs. 150 you spent along with 18 JPMiles for booking a flight ticket on the Jet Airways website.

Platinum Times Card: You get a discount of 25% off on all movie tickets along with a discount up to 20% on dining at selected outlets.. You also get Three Reward Points on every Rs. 150 you spent.

Titanium Times Card: You are entitled to 25% discount on movies plus another discount up to 15% on dining. You earn Two reward points on every spending of Rs. 150.

Diners Club Black: This credit card allows access to selected Golf Clubs in our country as a Green Fee player. You get the provision to redeem your 10,000 reward points for Travel vouchers which are worth Rs.10,000.

Super Premium Credit Cards:

Infinia– You are offered Premium Travel and Lifestyle advantages along with indefinite Golf Games and exclusive Dining Privileges.

Regalia– This credit card is very beneficial for luxury and travel plans. You are not only offered a Complimentary Gold membership of Taj InnerCircle but also a get a discount of 15% in major five star hotels. You also get four reward points for every 150 rupees you spent.

Diners Club Black– It is one of the best international Credit Card with various lifestyle benefits. You Gain entry to selected Golf Clubs in our country as ‘Green Fee player’. You can also Redeem 10,000 reward points (RP) for Travel vouchers which are worth Rs.10,000.

JetPrivilege HDFC Bank Diners Club Credit Card- You can receive Welcome Benefit of up to 30,000 Bonus JPMiles along with 15 JetPrivilege points which you need to avail within the first Ninety days. You also earn yourself 8 JPMiles for every Rs. 150 which you spent.

Co-brand Credit Cards:

JetPrivilege HDFC Bank World– Same as Feature JetPrivilege HDFC Bank World Card.

Maruti Suzuki NEXA HDFC Bank AllMiles– You get 1000 Reward Points as welcome benefit. You also earn Six reward points for every Rs.150 spends made on MyNEXA and also Three reward points for Rs.150 spent on retail purchases.

Titanium Times Card- Same as Feature Titanium Times Card

Snapdeal HDFC Bank– You get Rs. 500 Cashback as welcome benefit. You can earn 20 reward points for every Rs. 150 spent on Snapdeal along with an instant discount of 5% for each transaction of Rs. 2000 or more on the Snapdeal site.

Professional Credit Cards:

Doctor’s Superia- You get 1000 reward points as welcome benefit. You are entitled to Three Reward Points on every Rs 150 you spent. You also have the provision to earn 50% more reward points on various dining spends

Teachers Platinum– you are offered Two Reward Points on every Rs. 150 you spent along with 3X Reward Points on different weekend shoppings. Every year on Teacher’s Day i.e. September 5th you are entitled to 500 bonus reward points..

Premium Travel Credit Cards:

Superia– This credit cards offers you the provision to redeem all the reward points you earned as air miles. You are offered 1000 reward points as welcome benefit along with three reward points on every Rs. 150 you spent.

AllMiles– This credit card allows you to have double Reward Points (RP) on the ALLMILES website. You are offered 1000 reward points as welcome benefit along with three reward points on every Rs. 150 you spent.

Maruti Suzuki NEXA HDFC Bank AllMiles– This credit card offers various benefits for owners of NEXA Cars. You are offered 1000 reward points as welcome benefit plus you earn Six reward points on every Rs. 150 you spent on MyNEXA section. You also get Three reward points on each Rs. 150 you spent on retail purchases.

Premium Women’s Credit Cards:

Solitaire– This credit card is exclusively tailor made for the needs of women. Women are offered Rs 1,000 worth Shoppers Stop vouchers in case of Rs. 75,000/- purchases every 6 months. You also get reward points on grocery shopping and dining.

Premium Credit Cards:

Regalia First– You are offered a discount up to 15% at major Five-star Hotels along with Four reward points on every Rs. 150 you spent.

Visa Signature– You are offered Two reward points on every Rs. 150 you spent. This card allows you to get fuel surcharge waived at fuel stations along with access to lounges of airport.

Diners Club Premium– This credit card gives you Four reward points on every Rs. 150 you spent plus indefinite golf lessons.

Diners Club Rewardz– This credit card allows you to have maximum travel rewards. You are offered Four reward points on every Rs. 150 you spent. You are not only provided with Exclusive 24/7 Concierge for any kind of booking but also have the offer to double up your reward points on HDFC Travel and Entertainment Portal.

Regular Credit Cards:

Platinum Plus– This credit card gives you the liberty to fill fuel in your vehicle at any fuel station in our country. You get Two reward points on every Rs. 150 you spent along with 50% more Reward Points in case of spends which are above Rs. 50,000.

Commercial Credit Cards:

Business Money Back– You are offered Two reward points on every Rs. 150 you spent along with waiver in Fuel surcharge of up to Rs. 500 monthly. You also have the provision to redeem your reward points as cash back money where 100 RP= Rs. 30

Business Regalia– you get a discount up to 15% at major five star hotels along with Four Reward points on every Rs. 150 you spent on means other than dining and air travel.

Corporate Platinum– This credit card offers you access to selected lounge of domestic airports along with the liberty to fill fuel at any fuel station in India. You also get Two reward points on every Rs. 150 you spent and also your petrol surcharge is waived.

Corporate Card– This credit card offers you unmatched entertainment and travel benefits with 24×7 online availability of MIS.

Cashback Credit Cards:

Platinum Edge– You earn Two Reward Points for every Rs. 150 you spent along with additional 50% Reward Points on the money you spent on dining. You are charged zero fuel surcharge.

Titanium Edge– Same as Platinum Edge

Money Back– You earn Two 2 Reward Points for every Rs. 150 you spent. In case of online spends you are entitled to 2X Reward Points. Add to it zero fuel surcharge. You also have the provision to redeem your reward points as cash back money where 100 RP= Rs. 30.

Bharat– You are offered 5% Cashback on booking on IRCTC or any kind of bill payment or filling fuel at stations. In addition to this you also get 5% Cash back on Payzapp /Easy EMI/ Smart Buy.

List of SBI Credit Cards & It’s Benefits

State Bank of India provides credit cards to salaried, self-employed as well as businessmen. These credit cards of State Bank of India are designed by keeping in mind the convenience and comfort of the customer. State Bank of India offers credit cards in two categories:

SBI Personal Credit Card:

Personal credit cards of State Bank of India is one of the best Visa & Master Credit Card in India. This category of SBI credit card consists of Lifestyle cards-2, Reward cards-2, Shopping Cards-9, Travel cards- 5, Banking Partnership cards- 15.

apply sbi credit cards online

Here is the little description about each category and the names of the cards that it consists:

Lifestyle Cards: The lifestyle credit cards of SBI are specially designed for people who love spending on their luxuries. The cards have reward points up to 50000 and attractive welcome offer as well. The two types of lifestyle credit cards are as follows:

  • SBI Card Elite
  • SBI Card Elite Advantage

Reward Cards: SBI Reward credit cards are beneficial for purchasing like grocery shopping, dining, and international spends as there are up to 5X reward points.

  • SBI Platinum Card
  • SBI Advantage Platinum Card

Shopping Cards: As the name suggests, the shopping credit cards facility provided by State Bank of India is for the shopping freaks. There are up to 10X reward points on shopping with exclusive partners.

  • Simply CLICK SBI Card
  • SimpleSAVE SBI Card
  • STYLEUP Contactless Card
  • Capital First SBI Card
  • Simply CLICK Advantage SBI Card
  • Simply SAVE Advantage SBI Card
  • SBI Gold & more Advantage Card
  • Tata Platinum Card
  • Fbb SBi StyleUP Card

Travel Cards: To all those people who love exploring the world and travel a lot, SBI Travel Credit Cards is a great choice. There are many exciting reward points and offers on air ticket booking and traveling.

  • Air India SBI Signature Card
  • Air India SBI Platinum Card
  • Mumbai Metro SBI Card
  • IRCTC SBI Platinum Card
  • Yatra SBI Card

Banking Partnership Cards: This category of personal credit card includes the specialized credit cards with the exclusive banking partners of State Bank of India.

  • South Indian Bank SBI Platinum Credit Card
  • South Indian Bank Simply Save SBI Card
  • LVB SBI Platinum Credit Card
  • LVB SBI Simply SAVE Card
  • Federal Bank SBI Platinum Credit Card
  • Federal Bank SBI Credit Card
  • KVB SBI Signature Card
  • Karur Vyasa Bank- SBI Platinum Credit Card
  • Karur Vyasa Bank- SBI Card
  • Oriental Bank of Commerce- SBI Platinum Credit Card
  • Oriental Bank of Commerce- SBI Card
  • Bank of Maharashtra- SBI Platinum Credit Card
  • Bank of Maharashtra- SBI Card
  • BMB Platinum Credit Card
  • BMB Gold and More Credit Card

SBI Corporate Credit Cards: The corporate credit cards are majorly designed for corporate class with world class technology like global acceptance and more reward points. Here are the types of SBI corporate credit cards:

  • SBI Corporate Signature Card
  • SBI Corporate Platinum Card
  • SBI Central Travel Account Card
  • SBI Corporate Utility Card
  • SBI Corporate Purchase Card

SBI Credit Card Eligibility:

The eligibility criteria to get a credit card from State Bank of India depends on your profile. If you are working in a reputed company and have maintained a good credit history,  getting a credit card eligibility from this bank can be smooth.

SBI Credit Card Online Payment:

There are multiple online payment options for SBI credit cards like NEFT payment, Debit card, Online SBI, Pay Via Mobile App, etc.

SBI Credit Card Customer Care:

For any queries related to credit card, you can contact the bank on toll-free no. 1860 180 1290 or 1800 180 1290.

 

Credit Cards Apply Online & Check Eligibility

A friend in need is a friend indeed’ totally suits credit cards. Just like is a friend is there to help you in need, a credit card is there to fulfill all your wishes whenever and wherever you need. In today’s time, imagining our life without a credit card is really tough as it is useful for varied purposes be it for shopping or clearing off old debts or medical emergencies, etc.

The moment you have come across the advantages of a credit card and decide to get one for yourself, the questions that pop up in your head are Am I eligible for a credit card? Or What is the procedure for credit cards apply online? What are the best credit cards in India? Is apply credit card online instant approval possible? No need to worry, here you will get all the details about the online procedure of applying for credit card.

credit cards

Credit Card Eligibility:

The first the foremost important thing to know before applying for a credit card is the eligibility. Since the credit card eligibility is different for a salaried person and different for a self-employed applicant and this is also different for different banks. However, the general eligibility criteria to apply for a credit card is majorly dependent on your annual income and savings.  

Here are the top 5 credit cards in India where you can apply:

Axis Bank Credit Card Apply:

To apply for a credit card at Axis Bank online, the first step is to check your eligibility. You can check your eligibility online at the official website of the bank and then apply. The eligibility calculator takes in account the below data:

  • The city you are currently living in
  • Date of birth
  • Type of employment
  • If you have an Axis Bank credit card

Also, the applicants who are the account holders at Axis Bank can get instant approval. the second step is to upload the documents and the last step is to apply for the credit card/s you are eligible for.

ICICI Bank Credit Card Apply:

The procedure to apply for a credit card at ICICI Bank online is very simple with just 3 steps. Here are the steps you have to follow in filling up the online form:

  1. Give basic information
  • Your current resident city
  • Date of birth
  • If you are an existing JetPrivilege Member or not
  • Your employment type
  • Do you any credit card already or not

2. Choose and apply instantly: The moment you fill in the form, you will get the list of ICICI credit cards that you are eligible for and then apply for the one that suits your requirement.

3. Upload documents: The last step is to upload documents.

SBI Credit Card Apply:

The steps to apply online for a credit card SBI are:

  1. Select your card
  2. Give the details of the following:
  • Full name
  • Your current city
  • Date of birth
  • Occupation
  • Qualification
  • Annual income
  • PAN number
  • email ID
  • Contact number

3. Get an instant decision on your application

HDFC Credit Card Apply:

If you want a credit card from HDFC Bank, you need to mention the following details in the application form:

  • Personal details
  • Contact details
  • Income details
  • If already carry an HDFC credit card or not

Citibank Credit Card Apply:

The steps to follow to apply online for a credit card at Citibank are:

  • Contact details
  • Personal details
  • Professional details
  • Address

Know Your Credit Cards Eligibility Here

What is the first thing which comes to your mind when you hear the word credit card? Well, whatever your thoughts are, but there is no denying the fact that credit cards are simply magical if you don’t have cash in hand.  These plastic cards can be a saver when you want to buy an exclusive item, which you usually can’t afford. Be it traveling, shopping, dining, entertainment or anything else, credit cards can meet any need of yours.

However, the best thing about these cards is the fact that they are worldwide accepted. Yes, no matter where you are in which part of the country, you can use it for various purposes. This is the reason that in past few years the demand for credit cards has increased a lot. Well, in order to meet the growing demand in the market, plenty of credit cards issuers are available, offering a wide of cards to choose from.

credit card eligibility

But, before availing any card, it is important to know about the eligibility of the same. There are various fancy and beautifully designed cards, but they can only be yours on one condition i.e. if you meet the credit cards eligibility criteria of the same. However, different credit card issuers have different eligibility norms, so if you want the best credit card in India, you also need to know about its eligibility.  

For your reference below is the eligibility of some leading credit card players in India:

Eligibility for Credit Card in SBI:

  • The applicant must be an Indian
  • The minimum net monthly income of the applicant should be Rs.18500 in Metro cities
  • If an applicant wants a credit card on the basis of account, he/she must be an account holder in SBI
  • The applicant should be aged between 21-60 years
  • The applicant also needs to submit ID Card, Income Proofs, address proofs, etc.

ICICI Bank Credit Cards Eligibility:

  • The applicant should be an Indian citizen
  • He/she must not be younger than 23 years of age at the time of application
  • The applicant must earn a net monthly income of Rs.20,000
  • In case with a self-employed, the minimum annual income should not be less than Rs.3 Lakh
  • The applicant needs to have a good credit history, with no defaults in the past

HDFC Credit Cards Eligibility:

  • You should be an Indian to become eligible for a card
  • Only a salaried or self-employed can apply for a card
  • If you are a salaried, you should be aged between 21-60 years
  • If you are a self-employed, you should be aged between 21-65 years

Axis Bank Credit Cards Eligibility:

  • The applicant must be a primary cardholder and must be aged between 18-70 years
  • If an applicant wants to apply for add-on card, he/she should be over 18 years of age
  • The applicant should either be a resident or non-resident Indian

HSBC Bank Credit Cards Eligibility:

  • The applicant must be 21 years of age
  • Salaried as well as self-employed both can apply
  • The applicant must have a minimum annual income of Rs.4 Lakhs

Well, now that you know credit cards eligibility of few leading issues, why to wait? Go and grab your favorite credit card right now!