One of the reasons why credit cards have become so popular in India is the ease to apply for it. Most of the banks, nowadays, allow the users to apply for credit cards online without having to visit a branch. While you can fill the application form online, you will be required to submit physical copies of documents such as proof of identity, address and income. A field agent of the bank will be sent to collect the documents from your home or office location.
How to apply for credit card online through Paisabazaar?
Follow the steps given below to apply for credit card online through Paisabazaar:
Step 1- Click here to start the application process.
Step 2- Select your occupation type. Enter your mobile number, monthly income, PIN Code and the details of your existing credit cards.
Step 3- Select your preferred credit card and click on “Check Eligibility”.
Step 4- Answer whether you have applied for a credit card from the selected issuer in the last 6 months. If yes, you may not be eligible for applying.
Step 5- If qualified, you may proceed with the application. Enter your name, email address, date of birth and PAN. Save and proceed.
Step 6- Enter your complete residential address with Pin Code.
Step 7- Enter your company details including address, pin code and alternate mobile/landline number.
Step 8- Verify your mobile number by entering the OTP to complete your application.
After this, you will get a call from the bank/NBFC to decide the right time and place for document collection. A field agent will be sent for the same. The bank will then verify the details provided and, if satisfied, the card will be issued.
Note: The application process may vary depending on the card you have selected.
Why apply for credit cards online?
The online application process offers you the following benefits:
Hassle-free Process- With the online application facility, you do not need to visit a bank branch. You can apply by just entering a few details and submitting the form. Some card issuers would also allow you to upload the documents for quicker approvals.
Easy Comparison- When you apply for credit cards on a platform like Paisabazaar, you can easily compare multiple credit cards at the same time. Bank websites also have complete details on their various products which eases the selection.
Instant Approval- Most of the card issuers and third-party websites would check your eligibility for the selected card and give instant approval. For the basic screening, you do not need to enter your PAN which means that it would not affect your credit score. It is usually done on the basis of your income and employment.