lystn

A Credit Card is a handy tool for all your spending needs. It is the most convenient way to go cashless; at the same time not getting the amount deducted from your bank account. Everyone has different needs and ways in which they spend money. To cater to these versatile needs, a variety of Credit Cards are available in the market. We explore the range of Credit Cards, along with the accompanying rewards and Credit Card offers.Get full information on this: link:https://creditguide.mystrikingly.com/blog/what-is-the-eligibility-criteria-to-get-a-credit-card Am I eligible for a Credit Card?While there is a whole range of Credit Cards to explore basis your needs, there are some conditions when it comes to who is eligible for a Credit Card. You can check your Credit Card eligibility online through a Credit Card eligibility checker. We have listed down few points that can assist you with checking your eligibility for a Credit Card:Age – You will need to be minimum 18 years of age to apply for a Credit Card. Even if you are an add-on Credit Card holder, the age limit needs to be met. Anyone meeting this criteria becomes eligible for a Credit Card.Income – Each bank has a specified minimum income set by them as an eligibility criteria. You will need to have a regular income and provide proof of the same. Income requirement varies depending on the Credit Card being applied for. You can either be a salaried employee, or self-employed and managing your own business.Credit history – A good credit history is proof that you can manage your credit well. This helps in getting you a Credit Card easily.Factors Affecting Your Credit Card EligibilityBesides the above-mentioned criteria, there are certain factors that also determine your eligibility:· Credit score: Your chances of getting a credit card increases when you have a stellar credit score. If you have a bad score, your application will most likely be rejected. A good credit score is anywhere from 750 to 900.· Existing Debt: Your card provider will also consider your credit utilisation ratio. If your dues exceed the granted limit, it may affect the approval of your application.· Employment: Another factor that affects your eligibility is your employment status. Staying in your current job for more than a year can improve your chances of getting a credit card significantly.· Location: Banks also take your location into consideration when they assess your application. Certain cards are only available to those residing in particular cities. Documents Required for a Credit Card ApplicationThe documents you will need to furnish with your application will differ from bank to bank. However, below is a list of some of the basic documents required you will need to submit:· Completed application form· Passport-size photographs· Proof of identity copy of PAN, Aadhaar, passport, etc.· Proof of residence utility bills, Driving Licence PAN, Aadhaar, etc.· Latest salary slips· Form 16· Bank statements