Credit card is one among the varied forms of plastic money. Like every other technology, this has certain advantages as well as disadvantages, and it purely depends on the kind of usage.
The comforts associated are easy purchase with credit cards, irrespective of the
Amount of cash you carry which is bulky and
Not too secure at times.
Tend to spend more with card, at times unnecessarily or
Clear of the debts late which add to overhead expenses.
Hence a judicious use make it a boon else a bane. Let’s see the process of applying for a credit card. Depending on our requirements and availability of finances or capability to pay off the spending, we select the credit card.
The application forms are available in the bank branches; you can fill on a hard copy or apply online as well. The general requirements in any credit card application form are
Age proof (e.g.: passing certificate in school ,college with date of birth)
Salary statement/financial report (tax return for self employed, salary statement )
The credit card issuer would require these documents as an evidence of your age, responsible usage and the financial details to see the spending capacity and eligibility for the type of cards in their scheme.
As an applicant it’s our responsibility -
To provide the correct proofs/evidences of the documents required.
Read the instructions on the form carefully, when in doubt, ask for explanation from the respective agents/customer care.
Sign as appropriate on the required places in the form after the terms and conditions in the form (eg: related to interest, credit limit, due date) are clear and you are convinced to go ahead with that.
Once the application is filled and substantiated with documents, the issuer bank would verify its authenticity on age, your financial strength, credibility to pay off the credit amount etc and then send you the credit card /PIN instruction booklet. The issuers generally look on making customer, so are generally helpful in applying for forms, but at the same time, customers are equally responsible to provide correct and timely information and then enjoy the benefits of credit card.