we have a credit card for everyone

Types of Credit Card

From rewarding your everyday spending to enabling seamless travel experiences, the world of credit cards has something for everyone. Let's dive into the diverse range of credit card options available in India.

Cashback Credit Cards

Earning rewards on your purchases is the primary appeal of cashback credit cards. These cards offer a percentage of cashback on your eligible transactions, effectively reducing the overall cost of your purchases.

Fuel Credit Cards

For frequent drivers, fuel credit cards are a game-changer. These cards provide discounts or cashback on fuel purchases at various petrol pumps, helping you save on the rising fuel costs. Some fuel credit cards also offer additional perks like complimentary roadside assistance and vehicle maintenance discounts.

Dining Credit Cards

If you're a foodie at heart, dining credit cards are designed to cater to your culinary adventures. These cards offer reward points, discounts, or exclusive privileges at a wide range of restaurants, cafes, and fine-dining establishments, ensuring you make the most of your dining experiences.

Shopping Credit Cards

Elevate your shopping experience with dedicated shopping credit cards. These cards provide bonus reward points or discounts on purchases made at partner retail stores, both online and offline. You can then redeem your accumulated rewards for gift vouchers, merchandise, or statement credits.

Movie Credit Cards

For the cinema enthusiasts, movie credit cards offer exclusive benefits such as discounted movie tickets, complimentary popcorn or beverages, and access to special screening events. These cards cater to the needs of avid moviegoers, providing them with a more enjoyable and cost-effective cinematic experience.

Travel Credit Cards

These cards reward you with air miles or points for your travel-related spending, which can be redeemed for flights, hotel stays, upgrades, and other travel-related benefits. They also often come with perks like airport lounge access and travel insurance.

Business Credit Cards

Designed specifically for entrepreneurs and small business owners, business credit cards offer a range of features tailored to their unique needs. These cards provide enhanced expense management tools, employee cards, and specialized rewards programs to help businesses streamline their financial operations.

Eligibility Criteria for Credit Card Application

To apply for a credit card in India, you must meet certain eligibility criteria set by the card issuers. These requirements help banks assess your creditworthiness and ability to repay the borrowed funds. While the specific criteria may vary slightly across different banks and credit card types, some common eligibility factors include:

• Age: Applicants must typically be between 18 and 65 years of age. Some issuers may have a lower or higher age limit depending on their policies.
• Income Required to apply for Credit card: A minimum annual income is required to qualify for a credit card. For salaried individuals, the income requirement is generally ₹2 lakh or above, while self-employed individuals may need to show an annual income of at least ₹1.5 lakh. Higher income thresholds may apply for premium or high-end credit cards.
• Credit Score: A good credit score, typically above 750, is essential for credit card approval. Your credit score reflects your creditworthiness and repayment history, which issuers use to assess the risk of lending to you.
• Employment Status: Credit card issuers may require applicants to be employed, either salaried or self-employed, to demonstrate a stable source of income.
• Residency Status: While credit cards are available to both residents and non-residents, specific documentation requirements may apply based on your residency status.
• Existing Debt Obligations: Banks will consider your existing debt obligations, such as loans or other credit card balances, to ensure that you have the capacity to manage additional credit.

It's important to note that meeting the eligibility criteria does not guarantee approval, as issuers may consider additional factors like your credit history, income stability, and overall financial profile. Providing accurate and complete information during the application process is crucial to increase your chances of approval.

Documents Required to Apply for a Credit Card

When applying for a credit card, banks and financial institutions require certain documents to verify your identity, income, residential address, and other details. Having these documents ready can help streamline the application process and increase your chances of approval. The commonly required documents include:

• Identity Proof: You'll need to provide a government-issued identity document such as a Passport, Aadhaar Card, Voter ID Card, or PAN Card.
• Address Proof: Banks require proof of your residential address, which can be a recent utility bill (electricity, water, or gas), rental agreement, ration card, or bank statement with your address printed on it.
• Income Proof: Depending on your employment status, you'll need to submit income documents as follows: - For Salaried Individuals: Latest 3 months' salary slips, Form 16, and Income Tax Returns (ITR) for the last 2 years. - For Self-Employed/Business Owners: Income Tax Returns for the last 2 years, along with profit and loss statements, balance sheets, and business registration documents.
• Passport-sized Photographs: Most banks require 1-2 recent passport-sized color photographs of the applicant.
• Bank Statement: You may need to provide your latest 6 months' bank statement reflecting your salary credits or business income.
• Age Proof: While not always mandatory, some banks may ask for age proof like a birth certificate or school-leaving certificate.

Note that additional documents may be required in certain cases, such as a No Objection Certificate (NOC) from your employer or proof of business vintage for self-employed individuals. It's always best to check with the specific bank or financial institution for their exact document requirements before applying for a credit card.

How to Apply for a Credit Card Online

At EaseMyDeal, we offer multiple convenient ways to apply for a credit card online, making the process seamless and hassle-free. Whether you prefer using our website, mobile app, or WhatsApp, we've got you covered.

Apply on EaseMyDeal Website

• Visit our website at www.easemydeal.com and navigate to the "Credit Cards" section.
• Compare various credit card offers from leading banks side by side, considering factors like rewards, annual fees, interest rates, and eligibility criteria.
• Once you've selected your desired credit card, click on the "Apply Now" button and fill out the online application form with your personal, employment, and income details.
• Upload the required documents (identity proof, address proof, income proof, etc.) directly on the website.
• Submit your application, and our team will process it promptly, keeping you updated on the status.

Apply on EaseMyDeal App

• Download the EaseMyDeal app from the App Store or Google Play Store.
• Open the app and go to the "Credit Cards" section.
• Use our eligibility checker tool to determine which credit cards you're likely to get approved with percentage of chances for based on your income, credit score, and other factors.
• Apply filters and sort options to find the best credit card that matches your needs and preferences.
• Once you've selected your desired card, tap on "Apply Now" and follow the on-screen instructions to complete the application process.
• You will get updates on your application status via sms from Bank.

Apply on EaseMyDeal WhatsApp

• Add EaseMyDeal's WhatsApp number to your contacts.
• Start a conversation with our WhatsApp chatbot by sending a message.
• The chatbot will guide you through a series of prompts to understand your credit card requirements, such as rewards preferences, income range, and credit score.
• Based on your inputs, the chatbot will recommend suitable credit card options.
• Select your desired credit card, and the chatbot will initiate the application process.
• You'll receive a secure link to complete the application by providing your personal and income details, as well as uploading the required documents.
• Our team will process your application, and you'll receive regular updates on WhatsApp regarding the status.

Whichever application method you choose, our dedicated team is available to assist you throughout the process, ensuring a seamless and convenient experience.

How to Check Credit Card Application Status

After submitting your credit card application, it's natural to be eager to know the outcome. Fortunately, most banks and financial institutions provide multiple ways for applicants to check the status of their credit card application. Here are the common methods:

Check Status Online

• - Visit the website of the bank or credit card issuer you applied with.
• - Look for the "Application Status" or "Track Application" section, usually located under the "Customer Service" or "Support" menu.
• - Enter your application reference number (or application ID) and other details like your date of birth and mobile number or email address.
• - The website will display your application status, which could be "Under Review," "Approved," "Rejected," or any other relevant status update.

Check via Mobile App

• - Download the official mobile app of the bank or credit card issuer.
• - Log in to the app using your credentials or follow the instructions to register if you're a new user.
• - Navigate to the "Application Status" or similar section within the app.
• - Provide your application reference number (or application ID) and other required details.
• - The app will display your current application status.

Call Customer Care

• - Locate the customer care number of the bank or credit card issuer, which is usually mentioned on their website or the back of the credit card.
• - Dial the number and follow the Interactive Voice Response (IVR) prompts to connect with a customer service representative.
• - Provide your application reference number (or application ID) and other details like your name and date of birth for verification purposes.
• - The customer care executive will inform you about the current status of your credit card application.

Check via SMS

• - Some banks offer the facility to check your application status via SMS.
• - Look for the dedicated SMS short code or number provided by the bank.
• - Send an SMS with your application reference number (or application ID) to the designated number.
• - You will receive an automated response with your application status.

It's important to note that processing times for credit card applications can vary depending on the bank and the completeness of the information provided. If your application is approved, the bank will typically send you the credit card within 7-10 working days. In case of rejection, the bank will provide the reasons, allowing you to address any issues and reapply if necessary.

Advantages of Using a Credit Card

In today's fast-paced world, credit cards have become an integral part of everyday life. Beyond the convenience they offer, these financial tools come with a host of features and benefits that can enhance your spending experience. Let's take a closer look at what credit cards have to offer.

Earn Rewards for Your Spending

• - Earn reward points or cashback on your purchases
• - Redeem your accumulated rewards for gifts, travel, or even statement credits
• - Enjoy special bonus reward programs for specific spending categories

Save Money with Discounts and Offers

• - Avail exclusive discounts and offers at partner merchants, restaurants, and retail stores
• - Benefit from fuel surcharge waivers to save on your vehicle refueling costs
• - Access airport lounges, complimentary hotel stays, and other travel perks

Flexible Financing Options

• - Enjoy an interest-free grace period of up to 50 days on your purchases
• - Choose the convenient EMI (Equated Monthly Installment) option to spread out larger expenses
• - Leverage your credit limit to manage cash flow and access emergency funds when needed

Comprehensive Protection and Assistance

• - Safeguard yourself against fraudulent transactions with zero liability coverage
• - Receive complimentary travel insurance, purchase protection, and extended warranty benefits
• - Enjoy 24/7 concierge services for assistance with reservations, ticket bookings, and more

Build a Strong Credit History

• - Responsible credit card usage can help you establish and improve your credit score
• - Demonstrate your creditworthiness, making it easier to secure future loans or credit facilities
• - Enjoy the privilege of credit limit increases and card upgrades over time

With a wide range of credit cards catering to diverse lifestyles and spending habits, the opportunities are endless. Whether you're a frequent traveler, a gourmet enthusiast, or simply seeking financial convenience, there's a credit card that can cater to your specific needs and preferences.