Credit Card Eligibility, List of Documents Needed

Credit Card Eligibility, Credit Card Application Documents Required – List of Documents Needed for Credit Card

When facing a financial crisis, it’s common for individuals to seek help from their family members, friends or even colleagues.  If any of these options does not help them out, some would rather turn to credit cards.  Of course, some people only use credit card to enjoy numerous offers such as reward points, cashback and discounts.

Credit Card Eligibility

Either way, credit cards will prove beneficial whenever you want to make a purchasing decision.  However, banks only offer credit cards to those who have all the required documents.  That’s why you need to be aware of all the documents you need before applying for a credit card. Luckily, we are here to offer a helping hand. Keep on reading to learn more.

Eligibility to Get a Credit Card

Before applying for a credit card, ensure you check whether you’re eligible for one or not.  Below are some of the basic requirements to get a credit card.

  • Be at least 21 years of age or 18 with either a parent’s permission or a verifiable source of income
  • Have a Social Security Number
  • Source of income
  • Positive credit history
Credit Card Eligibility

Documents Needed to Apply for Credit Card

Below is the list of all documents to have with you before filling and submitting a credit card application form;

  • Identify Proof

Identity proof documents are a must-have when looking forward to applying for card documents. To stand a better chance of getting a credit card, you need to submit any of your Aadhaar Card, PAN Card, Driving licenses, Voter ID Card or Passport.

  • Address Proof Documents

It is imperative that you reveal details of your current residence before applying for a credit card.   The good news is that you can never run out of options when looking for the right address proof documents to submit. Amongst the most notable documents, you can submit include a driving license, Ration card, electricity bill, passport and voter ID card. Ensure the address in the submitted address proof document is similar to the one you entered in the application.

  • Income Proof Documents

If you happen to be a salaried individual, then you can submit any of Form 16Income tax (IT) returns or the latest payslip.  Things are somehow different for a self-employed individual as they have to submit any PAN Cardproof of business continuitycertified financial documents or income tax returns with computation of income.

  • Age Proof

Some of the documents you can provide as proof of age when applying for a credit card include 10th Std. school certificatebirth certificatepassport, or voter ID card.

Final Thoughts

These are some of the documents you need to have with you before contacting a credit card issuing bank. Keep in mind some banks may ask you to provide additional documents depending on their terms and conditions.  With everything in place, it will not take long before your application for a credit card is approved by the bank of choice.