What Is A Credit Card And How To Get It Made,

In today's post, we will talk about what is a credit card and how to get it made, as well as friends will also know how to apply for a credit card.

And how can you fill the credit card form you get and how should you use the credit card, then we are going to tell you all these things in today's post, so please read the post completely.

What Is A Credit Card And How To Get It Made,

What is credit card?

In today's time, if you want to buy anything anywhere, then most of the people use credit card. Credit card is a special type of facility or loan given to you by a bank, under which you can pay for purchases and works in a certain time. With the help of this card, you can pay up to a certain amount for

After that in a certain time you have to return this amount to the bank which you had taken as loan from them, it depends on you whether you pay this amount in lump sum or on installment i.e. in weeks.

Credit card is a loan given to you by a bank, which you have to pay later. The most important thing is that this loan has a limit and there is a time limit to pay it only if you exceed the credit limit. come to spend

Or if you do not pay the bank till the payment time limit, then the bank can also take action according to its prescribed rules and can also impose interest and penalty on you so that you may have to pay more money to them.

What is Credit Card Eligibility Criteria?

If you want to take a credit card from a bank, then before that it is very important to know some things, this is the important information.

On the basis of the information which receives the information, the bank decides whether you are eligible to get a credit card or not, such as

• Credit Score/Cibil Score
• Income/Salary
• age
• Borrowings
• employer
• Bank Relation
• Credit Score/Cibil Score

If you have already taken a loan from a bank or have a credit card from another bank, then it shows the history of your loan payments. Based on this history, the bank gives you credit and normally this CIBIL score. known as

The better this rating is, the easier it is for you to get a credit card. Based on this, the bank estimates whether you return the bank loan on time or not.

In case of bad rating or credit score, you may find it difficult to get a credit card, friends, this is the work of this credit score i.e. CIBIL score.

Income/Salary

Friends, banks also take information about your income before giving you a credit card, if your income is less than the income limit set by the bank.

So the bank also refuses to give you a credit card, if the income limit for giving a credit card is kept in the bank is 20000 and your income is less than this, then you will not be eligible to buy

Age

Credit card is given to the same person whose age is 18 years or more, so if you do not have this much, then do not apply for the credit card.

Borrowings

Friends, if you have taken a loan more than your loan repayment capacity, then the bank can also refuse you a credit card in this situation, like if you have taken a home loan for a house and a car loan for a car from different banks. Is

Whose total monthly installment is more than 60% of your income, then in this situation the bank can reject your credit card application.

Because you have taken more loans, then your income message also deducts money for those loans, so they assume that you will not be able to pay their money, so now they can reject your application.

Employer

Before giving a credit card, the banking company also takes information about your employer from you, if this information is not satisfactory and

You are working in such a place which is not your permanent job means even if you are not working there forever, you cannot get a credit card.

Bank Relation / How is your dealings with the bank?

Friends, in today's time, almost everyone gets their salary only through the bank, mostly in such a situation, if your salary account is in the bank from where you are applying for this work, then it becomes very easy for you.

How to apply for Credit Card?

If you want to get a credit card, how can you apply for it and how can you fill the form you get from the bank, then friends, you will get a form from the bank to apply, then most of the form received from the bank First you fill your personal details

In this, you have to fill your full name, your age, your date of birth, your home address, your mobile number, your email ID, etc., which is given to you in the form for credit card.

And after that some documents have to be attached with this form like if you have to put ID proof then in ID proof you can give PAN card driving license passport voter ID Aadhaar card any one of these

For address proof address, you can give your voter ID card, driving license, Aadhaar card, your passport, any of these things and in the last passport size photo, then this document Mentions are that you have to submit the bank form

In the column with employer details, where you work, you will be given the full name, address and phone number, you also have to fill it in this form, then you also have to see your bank details, in which the full name of your bank, its address and your accounts have full details of

And if you already have a credit card, then you also have to give its full details, which bank's credit card you have and since when, then the bank's credit card application form is completely verified.

And after being completely satisfied, your credit limit is fixed and you are issued a credit card.

How To Use Credit Card

While spending the credit card, you should take care of your credit limit.

By paying the Due Amount of your credit card on time, you can save the late payment and this will not spoil your credit rating, so always pay your amount before the due amount, that is, pay it on time.

Whatever you spend with credit card, do it keeping in mind your budget, otherwise the balance of your income and savings gets spoiled forever, then whatever payment time limit the banks give you, you have to pay your amount in this.

You should make the payment within that, failing which the bank may levy a penalty on the total amount and you may have to pay more.

Keep the complete details of whatever you are spending with your credit card forever so that when you have to make a credit card payment, you can better understand the charges levied by the bank and the actual expense and see them in different ways. So

Conclusion

Friends, in this post, I have given you complete information about how to get a credit card, if you like this post of ours, then do share it, if you have any suggestion or question, then tell us by commenting.

FAQS

Question 1. What is a credit card?

Answer - Credit card is a special type of facility or loan given to you by a bank, under which you can pay up to a certain amount for purchases and works in a certain time with the help of this card, after that a certain time You have to return this amount to the bank

Question 2. What are the credit card eligibility criteria?

Answer - Before giving you a credit card, the bank receives information about you, on the basis of this information, the bank decides whether you are eligible to get a credit card or not like -

• Credit Score/Cibil Score
• Income/Salary
• age
• Borrowings
• employer
• Bank Relation

Question 3. How much salary should be there for credit card?

Answer - To get a credit card, your minimum salary should be 1,20,000

Question 4. What can I buy with a credit card?

Answer- You can borrow money from the credit card in the form of a loan from the bank, so that you can use it for your personal work i.e. according to your need.

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