CREDIT CARDS - THE MODERN DAY FINANCIAL TOOL

These are an important financial tool in this day and age of e-commerce and blazing fast transactions. They increase the purchasing power of an individual by leaps and bounds! Thanks to a credit card, users can make big purchases instantly; the sort of purchases which they would not have been able to make otherwise. Many companies offer rewards, discounts, and lots of other lucrative offers to their customers. Technology has made a hassle free, and lightning quick! All you have to do is "Apply For a Credit Card Online" and get an instant approval! After the approval and complete submission of application form, a bank representative will get in touch with you for guiding you through the further documentation process.

The details mentioned below will help you understand your "Credit Card Eligibility" -

1.     To be eligible, the minimum age of the applicant should usually be 21 years and the maximum age should be 60-65 years.

2.     One should have the required documents needed like income certificate, identity proof, and address proof.

3.     The person should have a minimum regular monthly income and a high credit score.

4.     The documents usually accepted as identity proof include - PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID etc.

5.     For proof of address one can show the following - Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, etc.

6.     For proof of Income, the accepted documents are -   Latest one or two salary slips (not more than 3 months old), Income Tax Returns, Form 16, etc.

7.     Few passport size photos are also required.

Complete the application process and you're done! Armed with a brand new credit licence of your choice, you can shop till you drop, and avail lots of exclusive discounts and offers at a large number of retailers and outlets that exist exclusively for holders. A lot of credit cards also offer low-cost EMI schemes that allow you to make big purchases by breaking down the payment into easily manageable monthly installments. That expensive iPhone, your dream car, or a new apartment can all become a reality thanks to that card in your hands!

If you are a frequent flyer, you can enjoy special discount on flight tickets offered by different airlines especially to the holders. You can also enjoy free access to luxurious lounges with amazing all-you-can-eat buffets in the world's best airports. Most companies have great rewards programs that give you points every time you use your card. These points keep adding up, and you can redeem them to make a purchase or get yourself gifts! These gifts could be gift cards redeemable at your favourite e-commerce site, your favourite gadgets and gizmos, or a holiday package to your dream destination.

Words of caution before you go ahead and conquer the world with your card though. It is very easy to fall into the trap of spending more than what you're capable of repaying. After all, the credit your bank is nothing but a loan that you have to repay at the end of the month. If you aren't careful with your spending you can find yourself deep in debt, and that is not where you want to be. Be a responsible user, and use this amazing facility to fulfil all your dreams as a consumer!