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Documents Required for Credit Card

Credit Card Documents

Last Updated 31st Oct 2020

Identity proof PAN Card, Aadhaar Card, Passport, Voter’s ID Card, Driving License, Ration Card.
Address proof Passport, Aadhaar, Voter’s ID Card, Ration Card, Driving License, Lease/Rent Agreement, Property Documents, Utility Bills.
Income proof Salary Slip (last 3 months), Bank Statement (last 3 months), ITR, etc.
  • The documentation for a credit card is minimal in case you are an existing customer of the bank.
  • Instant approval on the credit card based on your income, employment and credit score.
  • Get Loan on credit card, if you have an excellent credit score and good repayment history.

Documents for Credit Card

Credit cards have become an indispensable part of modern life with their plethora of benefits. Today credit cards offered by leading credit card issuers not only offer convenience and credit but many other lucrative cash back and discounts. However, before applying for a credit card, it is important to know the eligibility criteria and documents that your credit card issuer may require to submit your credit card application.

Even if you get online approval for a credit card, you will receive the final approval on your credit card application after you submit all documents required to the bank for further verification. The list of documents required for a credit card is similar across various banks and issuers. However, the list of documents differs from the occupation of the applicant.

Here is the list of specific documents, both for salaried and self-employed, that are required by most of the credit card issuers to process your card application.

KYC Documents needed for Credit Card

Salaried Self Employed
Duly Filled Signed Application Form
Identity Proof- Copy of PAN Card, Aadhaar Card, 2 Latest Photographs
Current Residence Address Proof

Income Documents Required for Applying for Credit Card

Salaried Self Employed
Last 3 months salary slip
Current Assessment Year ITR
Latest 3 months bank statement

Document Required for Existing Credit Card Holder

Salaried Self Employed
PAN card copy, Aadhaar Card & 2 photographs
Current residence address proof
Front copy of existing credit card and latest statement of credit card
Pencil impression of existing credit card

FAQs

How do I know if I qualify for a credit card?

While, every bank and non-banking institutions have specific eligibility criteria related to profession, age and income. You must check these eligibility criteria by enquiring through their official website or through offline modes by visiting the bank or calling them to know if you qualify for a credit card.

Is it necessary to submit documents?

Yes, financial institutions ask for documents for identity and address proof and income proof from both existing and new credit card borrowers. These documents may vary as per your profession and credit score. You may be required to submit documents such as Copy of PAN Card, Aadhaar Card, 2 Latest Photographs, Residence Address Proof, Last three months salary slip, ITR etc.for applying for a credit card.

How can I get a credit card without proof of address?

It is mandatory to provide an address proof for availing a credit card. If you don't have a local address proof, you may submit the documents for a current permanent address. The documents such as utility bills such as Electricity bill, Utility bill, ration card, passport and Driving licence can be used as address proof.

Do credit cards require proof of income?

Yes, you need to submit documents for income proof for getting a credit card. If you are a self-employed professional, you will be required to submit the Latest 3 months bank statement along with the ITR of the current assessment year as an income proof. On the other hand, salaried professionals need to provide the last 3 months salary slip and latest 3 months bank statement as proof of income.

How can I get a credit card without income proof?

Yes, you can get a credit card without income proof by taking a secured credit card against your investments such as fixed deposits. Also, you can take a credit card against the primary credit cardholder of your family member who has a good credit history.


Credit Card News - Oct 2020
  • 2020-10-29 : IndusInd Bank becomes the first bank to go live on RBI Account Aggregator Framework
    IndusInd Bank becomes the first bank to go live as a Financial Information Provider under the new Account Aggregator Framework of the RBI. User can now avail various facilities like viewing statements of their accounts, track deposits, plan investments avail credit cards, etc. on a single window.
  • 2020-10-28 : SBI, HDFC Bank and BOB working on NEU
    The State Bank of India, Bank of Baroda and HDFC Bank are teaming up to form a New Umbrella Entity for retail payments. The NUE will be a profit-making entity and will be setting up and operating new payment systems for ATM networks, point-of-sale devices, Aadhaar-based payments and remittances.
  • 2020-10-28 : Customer spending getting back to pre-COVID levels for AU Small Finance Bank
    AU Small Finance Bank reported an increase of 23% in per day debit card spends. Overall, point-of-sale and e-commerce transactions witnessed a surge of 16% since the launch of the festive offers. The festive offer of the AU Small Finance Bank includes credit offerings such as 100% waiver on valuation charges for gold loan and attractive interest rates on car and home loans.
  • 2020-10-23 : Axis Bank announced festive benefits
    Axis Bank announced Dil se Open Celebrations that will offer deals and discounts on more than 1 lakh branded products on purchase through Axis Bank credit and debit cards. Further, the bank is also offering some key benefits to customers who are in need of a loan, offering home loans starting at 6.90% as well as car loans at 7.99% and up to 100% road funding.
  • 2020-10-23 : Jana Small Finance Bank plans 600 branches by March next year
    Jana Small Finance Bank will convert its asset centres into bank branches to have over 600 branches. The Small Finance Bank serves underbanked customers through various products, including zero balance savings accounts, fixed deposits with attractive interest rates, collateral-free loans and affordable home loan schemes.
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