Credit Card Documentation And Eligibility Criteria

Documents Required for Credit Card Application.

Eligibility	Salaried	Self-Employed
	Age: 1. Minimum age of Applicant 21 years 2.Maximum age at loan Maturity58 years Income: Minimum Annual salary INR 1.8 lakh	Age: 1. Minimum age of Applicant25 years 2.Maximum age at loan Maturity65 years Income: Minimum Annual Business Income INR 5 lakh

Documents
	Financial Job Continuity Proof: Any one Current employment certificate Current job appointment letter Experience Certificate of previous job(including appointment and relieving later) Income Proof: Last 3 month’s salary slip 3 months bank statement Form 16 of last 2 years Company ID card	Income Proof: Last 1 year’s ITR copy with computation of income Bank statement: Current account statement of last 1 year Savings account statement of last 6 months Business and residence ownership proof( any registration copy)

	KYC: Pan Card Adhaar Card Voter Id Utility Bill

While most banks are pretty liberal when providing you the opportunity to avail a credit card, they do a detailed background research on you before providing their credit card services. Only once you qualify their eligibility requirement do they approach you with the offer.

While the copies of Pan card, Aadhar card, voter’s id, and the utility bill requirement remains the same in all cases. The requirements vary from whether you are self-employed or a salaried employee.

Here are the basic eligibility and documentation requirements to acquire a credit card:

For Salaried Individuals:

Eligibility for credit card:

You should have a minimum age of 21 years, and the maximum age at loan maturity should be 58 years, along with a minimum salary of 1.8 lakh.

Documents required for credit card:

You need to show your current employment certificate and job application letter. If you’ve done multiple jobs, experience letters of previous jobs are also necessary. You are also expected to show your salary slip and bank statement for the past 3 months, Form 16 for the past 2 years, and your Company Id card.

For Self-employed Individuals:

Eligibility for credit card:

The minimum age of the applicant should be 25 years, and the maximum age at loan maturity can be 65 years. Along with that, your annual business income should be not less than INR 5 lakhs.

Documents required for credit card:

You need to provide the ITR copy for the past one year with computation of bank income statement. You’ll also be expected to show your current account statement for the past one year, savings account statement for the past six months and lastly your business and residence ownership proof.

Why you need a credit card?

While people have diverse needs when it comes to credit card usage, it is very important that you choose one that complements your requirement the most. While you may require your credit card for frequent professional trips abroad, or may require it for big purchases, some keep it handy for emergencies.

Some individuals need a credit card for a vacation, some need it to avail the secure transaction service, whatever your need is, we make an attempt to understand your requirement and help you choose the best service. Other important benefits of using a credit card are welcome offers, reward points and cash back offers which when used efficiently can help you save a lot. CreditNation understands your needs and filters out the best deal for you.