You can step into the world of cashless payments and attractive rewards with various credit cards. Whether you are shopping, travelling, or enjoying a movie, credit cards give you power-packed perks, like:
- Discounts and offers on shopping at top brands, for groceries or fuel
- Benefits on travel like hotel, train or flight bookings
- Cashback and discounts on movies and event bookings
This makes life easy with seamless and convenient cashless payments and more rewarding than ever before. By planning smartly, you can apply for a credit card online to get instant approval and enjoy all the perks of your new card. Here is a guide that can help you apply for a card online.
Tips to Apply for a Credit Card Online to Get Instant Approval
Depending on your current credit health and other factors, there are different methods of getting a credit card fact. Here are a few tips that prioritise speed when getting a credit card.
Go for Instant Approval Credit Cards
In the past, getting approved for a credit card could take weeks, but now, many banks offer instant approval options. These cards don’t require the usual paperwork. You can simply apply through the issuer’s web or mobile banking portal and get approval in minutes through an automated system.
Get an Add-on Card
If you’re still building your credit or don’t have the required income yet, an add-on card could be a good option. With this option, you get a separate credit card but share the limit of the primary cardholder. You can get one from someone who already has a card, such as:
- Your parents
- Your siblings
- Your spouse
- Your friends
This is especially useful for students or anyone trying to improve their credit history.
Consider Getting a Secured Card
If you don’t have much of a credit history, it can be hard to get approved for a regular credit card. In that case, a secured card might be a good alternative. For this, you’ll need to pledge an asset, like a fixed deposit, as collateral. The credit limit will be based on the value of the asset you provide.
Pick a Card That Matches Your Credit Score
Credit cards are often designed for different credit scores. Some are for people with excellent credit, while others are meant for those with fair or average scores. To improve your chances of fast approval, apply for a card that fits your current credit rating.
Have a Healthy Credit Mix
Credit card companies want to see that you can handle different types of credit. Having a variety of credit types shows you’re capable of managing various financial responsibilities. Timely payments on different accounts can improve your chances of getting approved quickly.
Some credit options to consider include:
- Credit cards
- Personal loans
- Auto loans
- Home loans
Don’t Apply for Too Many Cards at Once
Every time you apply for a new credit card, your credit score may take a hit. If you apply for several cards at once, it can look suspicious to lenders. Take your time and only apply for the cards that are right for you by carefully comparing options. If you need multiple cards, space out your applications by at least 6 months for speedy approval.
Steps to Apply for a Credit Card Online
For instant approval, a digital application is the way to go. Here’s what the online application process includes:
- Step 1: Visit the official website or open the mobile app of your card issuer.
- Step 2: Go to the ‘Credit Cards’ section, choose the card you’d like to apply for, and click on ‘Apply.’
- Step 3: Fill in your personal details such as occupation, mobile number, monthly income, etc.
- Step 4: Submit the required documentation online for verification purposes.
- Step 5: Finally, complete the process by verifying your mobile number using the One-time Password (OTP) sent to your phone.
General Eligibility Criteria for Applying for a Credit Card
To further speed up the process, you should check the eligibility criteria of the issuer. Here are some common criteria you should keep in mind for most credit card companies:
- Age: You must be at least 18 years of age.
- Credit Score: You must have a strong score of 700 and above.
- Employment: You can apply whether you are a salaried or self-employed individual.
- Income: You must have a stable income and it should meet the minimum monthly or annual criteria set by the issuer.
General Documentation for Applying for a Credit Card
To process your application, the following documents are typically required:
- Identity and Signature Proof: PAN card, Aadhaar card, passport, etc.
- Address Proof: Utility bills, rent agreement, bank statements, etc.
- Age Proof: Birth certificate, passport, Aadhaar card, etc.
- Income Proof: Latest salary slips, latest bank statements, income tax returns, etc.
If you seek a credit card that offers a seamless and convenient application experience, consider the One Credit Card. All you need to do is download its powerful mobile app and start the quick digital onboarding process. You can easily control all aspects of your card, including transaction limits, using the same OneCard App after approval.
With the fast activation process, you can start using your credit card in less than 5 minutes. Other reasons to apply for it are 5X reward points on the top two spending categories every billing cycle, a variety of partner offers, no-cost EMI options and an easy loan against credit card for emergencies through the OneCash facility. Apply online for the card and enjoy a modern, efficient, and hassle-free card experience!
