Credit Cards – An Overview
Credit cards provide a flexible way to borrow money for purchases and offer various benefits, including rewards, cashback, and financial security. In India, credit cards are widely used for both personal and business expenses.
Convenience: Credit cards provide an easy and convenient way to make purchases without carrying cash.
Rewards & Benefits: Many credit cards offer rewards points, cashback, and discounts on various purchases, which can be redeemed for various benefits.
Financial Flexibility: Credit cards offer a revolving line of credit, allowing you to carry a balance from month to month, with flexible payment options.
Documents Required for Credit Card Application
The following documents are generally required to apply for a credit card in India:
PAN Card
Proof of Address (Aadhaar, Utility Bill, etc.)
Proof of Income (Salary Slips, ITR, Bank Statements)
Passport-sized Photographs
Eligibility for Credit Card
The eligibility for credit cards in India depends on the applicant’s income, credit score, and age. Generally, the minimum age is 21 years, and applicants should have a steady income and a good credit score.
Frequently Asked Questions
- What is a Credit Card?
- How Do I Apply for a Credit Card?
- What Are the Benefits of Having a Credit Card?