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Credit Card Application.

Credit Card Application

Credit card application

A credit card applicant has to be more vigilant while applying for a new credit card. There are lots of things which need to be considered before applying for a credit card.

Applicant should not blindly fill the credit card application form based on the agent’s instructions or suggestions.

Below are some of the things which need to be considered before applying for a credit card.

Where to apply for a credit card

Whenever you want to apply for a credit card, try to avoid applying from agents whom you see outside of your office or in an advertisement from any unknown source. The reason is, there are chances of misusing your documents by such agents. Since you sign on many of the credit card application documents and your identity related documents, you need to be more vigilant.

Always prefer to apply for a credit card from the bank’s website. As soon as you fill the credit card application through online from the bank’s website, bank agents will directly contact you and proceed accordingly. This procedure is always safer than applying from third party agents.

Below are some of the links to apply for credit cards:

To Apply HDFC Bank Credit Card

http://www.hdfcbank.com/personal/credit_card/credit_card_already_have_cc

To Apply ICICI Bank Credit Card

https://loans.icicibank.com/credit-card.html

To Apply SBI Bank Credit Card

https://www.sbicard.com/eapply/

To Apply Citi Bank Credit Card

http://www.online.citibank.co.in/credit-card/credit-card.htm

To Apply Standard Chartered Credit Card

http://www.standardchartered.co.in/credit-cards/

To Apply HSBC Credit Card

https://www.hsbc.co.in/1/2/personal/credit-cards

After applying for a new credit card, make sure to note down the application number which can be tracked from the respective bank’s website.




Annual charges for credit card

Make sure to find out if the bank charges any annual charges for using the credit card. If you are a salaried employee, you can get the credit card with no annual charges. No need to take hasty decisions.

Sometimes, banks will give you the freedom from annual charges only for the first year of using the credit card. From the second year onwards, bank will start charging some nominal amount for using the credit card. No agent will tell you this bitter truth unless you explicitly ask for it. You can also confirm the same thing with the bank when you get a confirmation call from the respective bank [You will definitely get the confirmation call from bank after you apply].

Interest free credit card or 0 interest credit card:

Interest free credit card or 0 interest credit card doesn’t mean that bank will not charge the credit card holder for using it. This word is generally misused by the third party agents. When the agent says that the bank is offering interest free credit card or 0 interest credit card, it means that the bank does not charge anything for using the credit card in terms of annual charges. It’s as simple as that.

Type of credit card

Make sure that you know the type of credit card for which you are applying. Usually, credit card type can be silver, gold, or platinum. If you are applying for a silver credit card, chances of hidden charges are high. You must be more vigilant about it.

Credit card credit limit

Ask the banker what the credit limit would be for your credit card, so that you can decide whether it suits to your needs or not.

Tip

Always prefer the credit card from the bank in which you have a savings/current account. So that it will be easy to pay credit card monthly bill, tracking your purchase details, etc.







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