How to Apply for a Credit Card- The Complete Process

Credit cards are undoubtedly the easiest way to borrow money and make purchases even if you are tight on your pockets for the time being. That is when you feel the need to buy a credit card. But before you can begin making purchases using your credit card, you first must apply for one and get approved for it.


If you have been making online purchases using your debit card, and have a good credit score with an impressive financial background, you would be treated as a “special customer” by your bank. You would also be given an option for availing a pre-approved credit card. This implies that having healthy financial habits will enable your bank to contact you and offer you the option of a pre-approved credit card. Going through this process will eliminate the hassle of application, while your bank does all the work for you!


Let’s find out how you can move ahead with the process of applying for a credit card even if your bank does not offer you a pre-approved one!

How to Apply for a Credit Card?

Applying for a credit card is a simple process; but only after you have decided which credit card you want to purchase. Once you have made the comparison and decided on which type of credit card you want to go ahead with, you need to follow these steps-

  1. Visit the bank’s official website
  2. Click on ‘Apply’ in the ‘Credit Cards’ section
  3. Enter personal details like your occupation, mobile number, monthly income, PIN code, etc.
  4. Select your preferred credit card and click on ‘Check Eligibility’
  5. If you meet all the credit card eligibility conditions required for the selected card, you be asked to proceed further with the application and enter details like your name, email address, date of birth, and PAN
  6. Move further and enter your residential address along with the PIN code
  7. After this, you will be asked to enter the details of your employment, like the company’s name, address, PIN code, and landline number
  8. Lastly, you will have to verify your mobile number using the OTP sent to your phone in order to complete the application process

After completing this process, you will receive a call from the bank/NBFC to suggest a time and place and complete the physical documentation process. The bank will send a field agent to your suggested location to do the same, post which your application process will be taken ahead.

It is important to note that your application may be rejected if you don’t meet any of the credit card eligibility conditions set by the bank or if you have applied for a credit card before, from the same issuer in the last 6 months.

FAQs
How can I apply for a credit card?
To apply for a credit card online, you must visit the ‘Credit Card’ section on the bank’s website, check your eligibility and apply. You will be asked to upload a few personal and professional documents for the purpose of verification. Additionally, you can also apply for a credit card offline by visiting the bank’s branch. You will have to fill an application form there and submit all the required documents.
Why was my credit card application declined?
There may be a few reasons behind the rejection of your credit card application. These reasons may include incorrect information for verification, a blacklisted organization where you are employed, low monthly income, low credit score, unhealthy financial history, etc.
What is the minimum credit score required to apply for a credit card?
To apply for a credit card, you must have a minimum credit score of 650.
Is it safe to buy a credit card?
If you use it responsibly, a credit card can be safely used to finance your purchases, shop safely- online or offline, earn rewards, redeemable points, discount vouchers or even cashback. However, with increased luxury and high APR (Annual Percentage Rate) and maintenance costs, overusing a credit card may also be very risky.
Can I apply for a credit card online?
Yes, you can apply for a credit card online. To do so, you must visit the ‘Credit Card’ section on the bank’s website, check your eligibility and apply. You will be asked to upload a few personal and professional documents for the purpose of verification.
What factors decide whether I am eligible for a credit card or not?
A number of factors including your income, your employment status, credit score, financial history, etc. determine your eligibility for a credit card. Alternatively, you can also use tools like credit card eligibility checkers online to confirm your eligibility for a specific credit card.
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