How to Apply online for a Credit Card. Who Can Apply – Eligibility Criteria In order to apply for an credit card, you must meet the following criteria.

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Presentation transcript:

How to Apply online for a Credit Card

Who Can Apply – Eligibility Criteria In order to apply for an credit card, you must meet the following criteria. - Applicants must be at least 21 years of age and having a minimum annual income of Rs. 5,00,00 - Have a good credit history and no payment defaults - If Self-Employed you have been trading for at least 18 months or 12 months

Types of credit cards Credit cards are of various types with different fees and interest rates. Low Interest Credit Cards Business Credit Cards Balance Transfer Credit Cards Cash Back Credit Cards Premium Credit Cards.

how credit card works?

Way to get a Credit Card There are 2 way to get credit card Applying to the bank for credit card - To help you reaching the best banks there are various online medium, some of them are listed below: a) PaisaBazaar.com PaisaBazaar.com b) Moneyleo.com c) Bankbazaar.com d) apnapaisa.com Applying Online But First the customer must be account holder in respective bank to get credit card benefit.

Benefits of using Credit Card Sing up Bonuses Cash Back Investment Rewards Loyalty Points Universal Acceptance Safety Building Credit Grace Period

Payment Procedure Credit card payment can be done in 2 way: Online Payment In Bank

Credit Card pros and cons Pros: You can make a large purchase now and pay it off in smaller chunks Your credit card statement makes budgeting easier It’s easier than carrying around a wad of cash You can build up your credit score, which will be useful later on Cons: You can easily dig yourself into debt if you’re not careful about your spending The ease of using credit cards can cause you to overspend Interest rates can make even a small debt seem larger over time