If you have been planning to apply for a credit card for a very long time, you are likely to be stuck with the some questions in your mind. So, without wasting time let us talk about the essential things you must know while and before applying for a credit card.
FAQ 1: How can I apply online for a credit card?
It depends completely on where you are applying for the credit card. For example, a bank ABC offers online application facility which can be used by the existing and new customers planning to avail a credit card particularly from them. To name a few, you can try applying for the RBL-Bajaj Finserv Credit Card, the online application facility can be accessed on the Bajaj Finserv website itself.
On the contrary, there are some banks which still follow the traditional method and you’ll have to visit the branch and apply for there card then and there.
FAQ 2: What are the criterions I need to fulfil for approval?
There are no specific criteria as such, all you need is a decent income and most probably a good credit score. However, if you are applying for a credit card offered by an NBFC such as the Bajaj Finserv RBL credit card, all you need is an account with them and a good income.
FAQ 3: How much time does it take to get approved for a credit card?
Again, it depends on where you are applying and your credit score. If you have a good credit score, the approval may take up to 48 hours. The same can be up to 72 hours if you are applying for the first time.
Lastly, a person can apply for as many credit card as they want if they have the eligibility and capability to spend and pay promptly and responsibly.
Read More:-Applying for Credit Card Online: Top Questions Answered
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.