All You Need to Know About Applying For a Credit Card Online

Everything from paying utility bills to applications for starting investments is done online today. You may even trade in securities online. With the online way of life, applying for products such as credit cards has become effortless. You can submit a credit card online application without any hassle and circumvent unnecessary paperwork. However, you still have to meet certain eligibility criteria when you apply.

If you are a salaried individual or have a regular source of income, getting a credit card online isn’t a challenge. Furthermore, if you have a bank account, you may be offered a credit card. This depends on your relationship with the bank and having a sound financial background. 

Applying Online

Applying for a credit card online gives you a few advantages over applying offline. These advantages are significant as you stand to gain in terms of promotions and the effort you put in. For starters, if you apply for a great credit card like the Bajaj Finserv RBL Bank SuperCard online, you go through a quick process. Furthermore, before you enter your details, you can check the card’s benefits and decide whether it is the right fit.

Depending on your spending habits, you can choose a credit card type. The online application lets you browse different cards and compare them. You may want a card with no joining or annual fees, a so-called ‘free credit card’. On the Bajaj Finserv portal, you can apply for a myriad of cards; you have 11 credit card options to be precise. Additionally, when you apply for a card online, you must consider certain factors before sending in your application.

Do the Background Check

The benefit of a credit card online application is that you get to do everything from browsing and comparing cards to filling in details with a simple click. Since you have the facilities of online applications, you should browse for different categories of credit cards carefully and not just jump at the first offer you see. Remember to match your requirements to the long-term credit card benefits.

You may also get certain offers on particular credit cards if you apply online, and these may translate to better rewards and bonuses. View features and benefits of each credit card carefully, such as welcome gifts, reward points, fuel surcharge waivers, cashback advantages, fees etc.

Eligibility Criteria 

A credit card online application, although requiring less paperwork than an application offline, requires you to meet basic eligibility criteria. Although eligibility criteria differ from card to card and issuer to issuer, there are some general criteria to fulfil while applying online, like the following:

  • You should be an Indian citizen.
  • You should be above 18 years of age. This varies from card to card. For instance, if you want to apply for the Bajaj Finserv RBL Bank SuperCard, you have to be between 25 and 65 years of age. 
  • You should have a good credit score. Your credit score represents your financial health and it should be between 700-750 at least. 
  • You should have a regular and stable income source. 

The Documents You Require

While submitting an online credit card application, you have to upload certain documents to back up your eligibility criteria. This has to be submitted with your online application. These documents include the following: 

  • Documents for proof of identification and address proof, like PAN and Aadhaar Cards, passport, Voter ID etc.
  • Proof of income documents such as salary slips, bank account statements, FD slips etc. 

Whatever credit card you select, whether a ‘free credit card’ or one with a high credit limit, you will only get approval if you prove your eligibility for a credit card. If, however, you apply to a bank where you are an existing customer, you can apply online with little to no documentation as you already have a relationship with your bank.

A terrific card to apply for is the Bajaj Finserv RBL Bank SuperCard. You can get this card with instant online approval and is a credit card that gives you four relevant functions of an EMI facility, loan instrument, cash card and a credit card.

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About the Author: Ayushi Choudhary

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