Documents Required for Credit Card Application

Considering the increasing expenses, and premium lifestyle being adopted by many, credit cards have become more of a necessity than a luxury. On top of the many benefits that credit cards offer, getting a credit card is pretty easy. With a good financial history and a stable income, getting approved for a credit card is no big deal.

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Since credit cards are delicate financial tools, their application and approval is a formal process. This implies that to get approved for a credit card, you must furnish all the required documents in a timely manner.

Reason for Presenting the Document

Document Name

Verification of Application

Duly filled and signed credit card application form

Verification of Identity

PAN Card, Aadhaar Card, Passport, Voter’s ID Card, Driving License, Ration Card

Verification of Residence

Aadhaar Card, Passport, Voter’s ID Card, Driving License, Ration Card, Rent Agreement, Property Documents, Utility Bills (Water/Electricity/Telephone Bills, etc.)

Verification of Income

Salary Slips (for last 3 months), Bank statement (for last 3 months), Income Tax Return

Points to be Noted while Presenting the Documents Required

As you begin to submit your documents for the credit card application process, it is suggested that you do the following to avoid rejection of your credit card application-

Double-check all your documents before submitting
Try to buy the credit card of your existing bank- this will help you in the documentation process since you will be required to furnish only a few documents
Having a good credit score, a stable income and a respected employment status will ease the process of your credit card approval
Along with the credit card, you will also be eligible to apply for a loan on the credit card if you have an outstanding credit score and an equally impressive credit repayment history
It must be noted that the required documents may vary between salaried and self-employed individuals since both of them would have different sources of income

Process of Credit Card Application

To apply for a credit card, you can either visit the bank’s physical branch or visit the bank’s official website. We have explained the online and offline credit card application process for your assistance.

Credit Card Offline Application Process

To apply for a credit card offline, you must visit the bank’s branch after you have decided the type of credit card that you want to buy
Once you have made this decision, you must visit the bank’s branch and ask for a credit card application form
Fill the application form properly and clearly and sign, wherever required
Next, you need to submit all the required documents along with the credit card application form
After submitting all these documents, you will receive a notification from the bank specifying the status of your application
If your application gets approved, you will receive your credit card in a few days at your residence
If your application gets rejected, you will receive a letter specifying the reasons behind the rejection of your application
Kindly note that you must not keep applying for a credit card if your application is being rejected again and again. You must wait for sometime after one rejected application to avoid a negative impact on your credit score

Credit Card Online Application Process

To apply for a credit card online, you need to visit the bank’s official website. Make sure to compare all the available credit card options before you finalize anyone
Visit the ‘Credit Cards’ section on the website, and click on ‘Apply’
Next, you will need to fill the application form with all the required details
Along with submitting the application form, you will be asked to submit various documents for the verification of your identity, residence and income
Once you have duly submitted all the required documents, you will be notified of the status of your credit card application in a few days over email
The notification of rejection of your application will be followed by a letter stating the reason for rejection. Make sure to read this letter carefully and consider the mentioned reason the next time you apply

How to Apply for Paytm HDFC Bank Credit Card?

The application process for Paytm HDFC Bank co-branded credit card is quite simple. All you need to do is download or open the Paytm App and follow these steps-

On the main screen, scroll down to the section of ‘Loans & Credit Cards’
Click on ‘Credit Card’
You will be redirected to the ‘Paytm HDFC Bank Application’ page
Click on ‘Apply Now’
Enter the relevant details like your PAN card number, address and other such professional details
Tick mark the option to accept all terms and conditions and click on ‘Submit’
After the verification of details provided, you will be notified about the status of your credit card application
Your virtual credit card will be generated instantly and it will be ready to use post a final approval!

Additional Benefit? The entire credit card experience – right from the application process and issuance of the card to tracking expenditure online is digital, and can be completed in less than 5 minutes on the Paytm app!

Apply For Credit Card