With the growth of fintech companies, digital lending is becoming the preferred option for customers to avail credit. Along these lines, financial institutions have also started the provision of sanctioning instant credit card. Individuals can avail such cards online, which eliminates the need to submit physical documents or visit an office.
Those who are applying for an online credit card can follow the tips below to enjoy instant paperless approval –
- Check the eligibility parameters –
To enjoy instant paperless approval, one must make sure to meet all the eligibility criteria. Even though this may differ for each credit card company, there are some basic parameters that every applicant must meet before applying for an instant credit card
These are as follows –
- Maintain a CIBIL score of 750 or above.
- Be within the age of 25-65 years of age.
- Must not have any history of defaulting in loan EMI or credit card bill payment.
Apart from the ones mentioned above, individuals applying for a credit card must also have a stable source of income and also meet the minimum income requirement based on their city of stay.
- Submit all the essential documents –
Applicants should submit a soft copy of all essential documents as specified by the lending institution or credit card company to get their application approved instantly.
Given below are the documents that one should keep in handy during application procedure –
- Proof of income like salary slips, bank account statements, income tax returns, Form 16.
- KYC documents like PAN, Aadhar, Voter ID card, driving license or any other officially valid documents.
Individuals can apply for credit cards like the SuperCard with minimum documents.
The NBFC also provides pre-approved offers to customers for a seamless application procedure to avail financing. Such offers can be availed on other financial products such as business loans, personal loans, and more. Individuals can quickly check their pre-approved offers by entering their name and contact information.
Application procedure
One can apply for an instant credit card online by following these steps below and receive instant paperless approval –
- Step 1: Visit the credit card company’s website.
- Step 2: Carefully compare the features and benefits of credit cards offered by the company to see which meets with your requirements and fits your spending needs too. You should also know how to choose the right credit card for yourself.
- Step 3: Go through the eligibility criteria and make sure you satisfy them.
- Step 4: Select the online application form and fill in with all the requisite information.
- Step 5: Upload a soft copy of all the essential documents along with the application to get approved instantly.
Before applying, however, applicants should know the reasons why their credit card application can be rejected.
Credit card application status
Given below are the steps that applicants must follow to check their credit card application status. Following these steps will let you easily fetch the status of your credit card application.
- Online credit card application status
Step 1: Visit the official website of your credit card company.
Step 2: Find the option for card application status check.
Step 3: Enter any of the following information –
- Reference number
- Email ID
- PAN
- Customer ID
- Mobile number
Step 4: Once you enter any of the above details, your application status will be displayed on screen.
- Offline credit card application status
Individuals can check their card status offline by –
- Placing a missed call on the number provided by the lending institution.
- Visiting the card company’s nearest branch.
Availing an instant credit card is an important financial decision as it enables one to build a credit profile. Hence, individuals should apply for one only after considering all the crucial aspects such as the purpose of availing a card, spending habit, credit limit requirement, interest rate and other additional charges, etc.
