How to Apply online for a Credit Card

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How to Apply online for a Credit Card
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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

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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.

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how credit card works?
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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
• PaisaBazaar.com
• Moneyleo.com
• Bankbazaar.com
• apnapaisa.com
• Applying Online
• But First the customer must be account holder in
  respective bank to get credit card benefit.

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Benefits of using Credit Card

• Sing up Bonuses
• Cash Back
• Investment Rewards
• Loyalty Points
• Universal Acceptance
• Safety
• Building Credit
• Grace Period

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Payment Procedure

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

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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
• Its 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 youre
  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

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