If you want to boost your purchasing power and earn air miles along with other privileges, you can apply for a credit card online. The process takes only a few minutes, but what you should spend time is to understand a card’s features. Most cards offer:
- Reward Points
- Discounts
- Cashback
- Airmiles, Lounge Access and More
So, how do you select one?
- First check if you qualify for it by seeing its eligibility terms
- If you have a good credit score, you can go for a regular card; if not, apply for a secured card
- Next, check if its benefits match your needs
Essential Credit Card Components
By comparing these factors, you can select a card that suits your specific needs and requirements.
Credit Card Issuer
While selecting a credit card, it is crucial to consider the authenticity of bank or company. Getting a credit card from a trusted issuer will optimise your journey towards better financial goals.
Credit Card Charges
Credit cards come with various fees, such as annual and joining fees. You can also pick a lifetime-free credit card to maximise your long-term savings.
Credit Card Welcome Bonus
Credit card issuers usually offer attractive welcome bonuses for first-time users. These offers can be highly profitable and set the tone for a positive financial journey. A lucrative welcome bonus can significantly boost your rewards balance.
Credit Card Rewards Program
In addition to welcome bonuses, many credit card issuers offer rewards each time you use your card. For example, some cards provide reward points for every ₹100 spent; these points can be converted into cash for future transactions or redeemed for travel, merchandise, or gift cards.
Application Process
The procedure is simple; you need to fulfil the following criteria:
| Credit Score | Must be 720 or above |
| Age Limit | The applicant must be 18 years of age or older A few issuers have kept the limit as 21 years old |
| Income | Must be a salaried professional or a self-employed individualSome issuers may require you to meet a minimum annual income requirement |
| Nationality | Must be an Indian citizen or a Non-Resident Indian |
Based on these parameters, you can proceed to the application process if you are eligible. You can apply for a credit card online by following these steps:
- Step 1: Visit the website of your credit card issuer or download the mobile application
- Step 2: Fill out the application form
- Step 3: Attach the required documents
- Step 4: Complete the online verification process
You can also apply for a card by visiting a branch of the financial company and calling customer care for assistance. Credit cards can work as your financial safety net and allow you to access additional funds whenever required. Starting your journey with a credit card with no added charges can be a great option. One such option is the One Credit Card. You can apply for this instant virtual credit card and get easy approval without any joining or annual charges.
You can earn 5X monthly rewards on your top two spending categories and save with offers on dining, entertainment, shopping and more. The One Credit Cards full-stack mobile app allows you to check offers near you via GPS and take advantage of discounts. Apply now and enjoy the perks at your fingertips!
Read Also: Why a Credit Card is the Smartest Option for Online Shopping
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