Documents Required for Credit Card
Documents for Credit Card
| Form | Credit Card Application Form |
| 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. |
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Documents for Credit Card
Credit Card documents play a crucial role in the process of availing a credit card.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. It is thus essential to know the eligibility criteria and documents before applying for a credit card. The list of documents required for a credit card application is similar across various banks and issuers. However, it differs based on your occupation.
Documents Required for Credit Card Application
Here is the list of specific documents, for salaried, self-employed and students, that are required by most of the credit card issuers to process your card application.
Documents Required for Salaried Individuals to Apply Credit Card
Documents Required For Resident Self-employed Businessmen / Professionals to Apply For Credit Card
Documents Required for Students to Apply for Credit Card
Documents Required For Non-resident Indians (NRIs) to Apply For Credit Card
Top Credit Card Providers
| Bank Name | Interest Charge Per Month |
|---|---|
| ICICI Bank | 1.99% to 3.50% |
| SBI | 2.50% to 3.50% |
| HDFC Bank | 1.99% to 3.60% |
| Axis Bank | 2.50% to 3.40% |
| Citibank | 2.50% to 3.25% |
FAQs
✅Is it necessary to submit documents for a credit card?
Yes, financial institutions ask for documents for identity, address 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 like Electricity bill, water bill, gas 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 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.
✅What documents are needed for a credit card to apply online?
There are 3 primary documents required to apply for credit card online-identity proof, address proof and income proof. Some banks however, may ask you to submit additional documents, which vary from bank to bank depending upon your income and eligibility.
- 2021-11-25 : Bank of Baroda Financial Partners with OneCard
BOB Financial Solutions Limited, a wholly-owned subsidiary of Bank of Baroda, has joined hands with One Card to launch a mobile-first, metal credit card. The card offers lifetime validity, zero joining and annual fees, instant virtual card issuance, instant reward points, and easy redemption within the app. - 2021-11-23 : Equitas SFB Ties up with HDFC Bank for Co-branded Credit Cards
Equitas Small Finance Bank has partnered with HDFC Bank to offer Co-branded credit cards. The bank will offer credit cards under the two categories. The first category is the ‘Excite Credit Card’, which offers a credit limit from ₹25,000 to ₹2 lakh. The second category is the ‘Elegance Credit Card’, which offers a credit limit of over ₹2 lakh. - 2021-11-17 : ICICI Bank Reports Growth In Credit Card Usage
ICICI Bank has reported growth in credit card spending of Rs 17,268 crore in September 2021, compared to Rs 15,271 crore in August 2021. This time the lender has surpassed SBI Cards in credit card spendings in September 2021. - 2021-11-15 : Bank Credit Expected To Grow At 7.5-8 percent
According to Care Ratings, Bank Credit is expected to grow at 7.5%-8% in FY2022. This is due to low base effect, economic expansion, extended government-guaranteed loan support. Also, the medium-term prospects look promising with diminished corporate stress and increased provisioning levels across banks. - 2021-11-15 : SBI Introduces Processing Fee On EMI Transaction
State Bank of India (SBI) will charge processing fee on all EMI transactions of credit card. The lender has decided a fee of Rs 99 plus tax for all the emi transactions. The new guidelines will be applicable from December 1, 2021. Such fee is also applicable on the transactions made on Amazon, Myntra and Flipkart.
