Credit card is the best means for cashless transactions. It saves you from carrying cash or getting money debited at the time of purchase. Credit cards come with different benefits and discounts on shopping, travelling etc.
The eligibility for credit card varies according to the lender and the purpose for which the card is availed. The basic clauses include-
- Applicant should be at least 18 years old
- Applicant should be salaried or self-employed, with a regular source of income to pay back the credit card bills
- He should have a savings account in his name
- He should not have a bad credit history