Credit cards aim to revolutionize the way people look at debt. Its main feature is to provide people an effective line of credit. Although, a few years ago, owning a credit card was a far-fetched idea for most Indians. Just like a loan process, credit cards like UNI Cards too once had a stringent process and a never-ending list of documents. However, times have changed now. With the rapid technological advancements, banking operations and services have transformed to become faster and more convenient for the audience. Today, credit cards are a widely popular credit instrument among salaried individuals, business owners, NRIs and students.
With the demand for credit cards significantly increasing, banks and financial institutions are introducing a wide variety of credit cards with unique features and benefits. You can choose your credit card based on your own needs and preferences. However, you need to satisfy a few criteria in order to be eligible to apply for the card. Well, read on to know about the various documents required for applying for a credit card in India…
DOCUMENTS REQUIRED FOR CREDIT CARD
Along with the original documents, banks usually require you to submit a photocopy of the required documents.
DOCUMENTS REQUIRED FOR SALARIED INDIVIDUALS
| Identity Proof
(Submit any one) |
|
| Address Proof
(Submit any one) |
|
| Income Proof
(Submit any one) |
|
DOCUMENTS REQUIRED FOR SELF EMPLOYED INDIVIDUALS
| Identity Proof
(Submit any one) |
|
| Address Proof
(Submit any one) |
|
| Income Proof
(Submit any one) |
|
DOCUMENTS REQUIRED FOR NRIs
| Identity Proof
(Submit any one) |
|
| Address Proof
(Submit any one) |
|
| Income Proof
(Submit any one) |
|
DOCUMENTS REQUIRED FOR STUDENTS
| Identity Proof
(Submit any one) |
|
| Address Proof
(Submit any one) |
|
| Age Proof
(Submit any one) |
|
| College/University Enrolment Proof (Submit Any One) |
|
DOCUMENTS REQUIRED FOR TRAVELERS
While applying for a forex or travel credit card, apart from the basic documents required as proof, you have to submit the following documents as well.
| For Salaried or Self-Employed Travelers |
|
| For Student Travelers |
|
These are the most widely and commonly accepted document proofs across banks. In some cases, banks may also require you to submit other specific documents apart from the ones mentioned above.
Now that you know about the various documents and CIBIL score required to apply for a credit card, it’s time to go and get your own credit card.
Read Also: Difference between Credit Scores from CIBIL and Experian?
