Documents Required 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.

✅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.