Although getting a credit card in India is relatively easy, it is a more complex process than simply filling out a form. Before you apply for a credit card, you need to understand each step, from choosing the right credit card to getting approved.
The process doesn’t have to be confusing. From knowing different credit card types to the eligibility rules, you must have a clear insight into what will be the steps involved. This will help you save time and enjoy the benefits for the long term.
- Choosing the Right Credit Card Type
Before you apply for a credit card, it is important to choose the right type. Understanding the different credit card types helps you narrow down your options and find one that best suits your needs. Different types of credit cards include:
- Cashback cards
- Travel cards
- Premium cards
- Co-branded cards
- Fuel cards
- Student cards
- Lifetime-free cards
Each one suits different lifestyles and spending habits. For example, a cashback card is great if you want to save on everyday purchases. A travel card works well if you are a frequent traveller.
- Understanding Credit Card Eligibility
Most issuers mention basic eligibility criteria like minimum age (usually 21), minimum income, and employment status. However, listed below are other important factors which are taken into consideration:
- Credit History: Even if you have a stable income, a poor credit score can lead to rejection
- Employment Type: Salaried individuals, self-employed professionals, and business owners may need to provide documents for authentication
- Existing Debt: Having many loans or credit cards can lower your chances
- Preparing Your Documents
Nothing delays your application more than missing or wrong documents. Always check the issuer’s official website before applying. Ensure your documents are recent, accurate, and easy to read. When applying for a credit card in India, you usually need:
- Identity Proof (Aadhaar, PAN card, Passport, Voter ID)
- Address Proof (Utility bills, Passport)
- Income Proof (Salary slips, Bank statements, IT returns)
- Passport Size Photos
- Choosing Between Online and Offline Application
With the rise of technology, most people now prefer to apply for credit cards online. Here’s why:
- It’s quicker
- It allows you to compare cards easily
- It lets you upload documents instantly
However, offline applications at bank branches remain a good option for those who prefer face-to-face interactions or require personal assistance. Whichever method you choose, always prioritise security. Apply only through official bank websites or trusted platforms.
How to Fill Out Your Application the Right Way?
When you are filling out your credit card application, ensure that there aren’t any mistakes, as even small mistakes can lead to delays, or worse, rejection. You must:
- Ensure consistency: Your name, address, and income details should be the same as all your official documents
- Complete all required fields: Don’t leave any mandatory sections blank
- Double-check contact details: Make sure your phone number and email are accurate.
Paying attention to these details can help your application go through smoothly and without unnecessary delays.
What Happens After You Submit Your Application?
Once your application is submitted, the credit card issuer carries out a few important checks:
- They review your credit report from credit bureaus to assess your credit history and repayment behaviour
- They verify your job status and salary details to confirm your financial stability
- You may receive a call or email from issuer, if any clarification or additional information is needed
It’s a good idea to keep your phone handy and important documents accessible to ensure a smooth verification process.
What to Expect After Your Card Is Approved?
If approved, your credit card usually arrives within 7-15 working days. Banks often send an SMS with activation instructions. To activate your card:
- Login with your ID and password to access your account
- Find the ‘Activation’ option in the ‘Settings’ or ‘Apps’ menu
- Fill in your credit card details such as credit card number, CVV, expiration date
- After this step, review and verify the details
You can also call or send an SMS, if your issuer provides that option. Once the activation process is over, you will get a confirmation message. Taking these steps promptly ensures you can start using your card and enjoying its benefits safely and without delay.
What to Do If Your Application Is Rejected?
Getting rejected can be disappointing, but it’s not uncommon. Some of the most common reasons include:
- Low or no credit score
- Inconsistent or insufficient income proof
- Having multiple existing loans or credit cards
- Mistakes in the application form
Don’t get discouraged. Check your credit report, fix the errors, work on improving your finances, and try again after a few months.
Why Building Healthy Credit Card Habits Is Essential?
Approval is just the start. Use your credit card wisely and ensure you:
- Pay your bills on time each month to avoid interest charges and late fees
- Keep your credit utilisation below 30% of your limit to maintain a strong credit score
- Review your statements regularly to catch any errors or signs of fraud early
Establishing smart habits now can lead to higher credit limits, better offers, and access to premium credit cards in the future.
Before you apply for a credit card, understand which card will be the right fit for your lifestyle and spending habits. You also need to keep in mind factors like income, employment, and credit history. Consider the One Credit Card for easy eligibility criteria; in case you don’t qualify for their regular card, you can opt for their secured variant, which uses your FD as collateral.
This card also allows you to earn 5X rewards on your top two spending categories each month, adding more value to your regular expenses. It comes with a virtual card for secure online use and a physical card for POS payments, along with Tap & Pay feature.
Other features like Merchant EMI and the Spends Planner help manage big purchases and monthly budgets with ease. The OneCard App gives you complete control, while exclusive offers on brands like Ixigo, Apollo 24|7, and McDonald’s makes it more rewarding.
