What Documents are Needed to Apply for a Credit Card?

In India, Credit Cards have transformed how people see debt. People who previously avoided taking out loans now think of Credit Cards as a reliable source of credit. When someone is in a financial crisis, Credit Cards are the lender of last resort. However, some individuals use Money Back Credit Cards to take advantage of discounts, cashback, reward points, and other special incentives. Since their introduction, Credit Cards have been one of the most widely used forms of financing for all types of consumers, including salaried workers, independent contractors, NRIs, and even students.

 

Banks and financial organisations are creating Credit Cards with alluring features and advantages to meet the rising demand for cards. People have the same opportunity to obtain the greatest Credit Card they can desire. The requirements and documentation to Credit Card Apply differ from bank to bank and card to card. However, most Banks demand that the applicant provide a few standard papers with their Credit Card application.

We created a list of the papers needed to apply for a Credit Card for all types of profiles. You can use it as a checklist to see whether you have the necessary paperwork to apply for a Credit Card. However, it is advised to clarify with the relevant bank the list of papers needed to apply for a particular Credit Card Application.

Documents For Salaried Individuals

The documents listed here require being provided as photocopies only; the originals are not required. To validate the photocopies, the bank could request the original documents.

Identity Proof (Anyone of the below)

• Aadhaar Card
• PAN Card
• Driving Licence
• Voter ID
• Passport

Age Proof (Anyone of the below)

• 10th Standard School Certificate
• Birth Certificate
• Passport
• Voter ID

Residence Proof (Anyone of the below)

• Ration Card
• Voter ID
• Electricity Bill
• Telephone Bill
• Driving Licence 
• Passport
• Bank Statement for the Last Two Months

Verify that the address on the provided evidence corresponds to the address you specified on the application.

Income Proof ( Anyone of the below)

• Form 16
• Latest Payslip
• IT Return Documents

Form 60 and a photocopy of the PAN Card are additional documents often required.

Documents For Self-Employed Businessmen /Professionals 

Identity Proof(Anyone of the below)

• Aadhaar Card
• PAN Card
• Driving Licence
• Voter ID
• Passport

Age Proof (Anyone of the below)

• 10th Standard School Certificate
• Birth Certificate
• Passport
• Voter ID

Residence Proof (Anyone of the below)

• Ration Card
• Voter ID
• Electricity Bill
• Telephone Bill
• Driving Licence 
• Passport
• Bank Statement for the Last Two Months

Verify that the address on the provided evidence corresponds to the address you specified on the application.

Income Proof ( Anyone of the below)

• Income Tax documents with computed income
• Audited financial documents
• Business Continuity Proof
• PAN Card

Documents For NRIs

When applying for a Credit Card as a Non-Resident Indian (NRI) customer, you must present the following paperwork in person to a bank representative:

• To prove your address, you must give your postal or international address.
• If the document is written in a language other than English, you must submit a non-English language declaration. To consider this document validated, an NRI client must self-attest to it, and the regional manager must countersign.

The Criteria for a Postal Address in India

• The candidate’s passport photocopy.
• A photocopy of the candidate’s driving licence.
• The original postpaid cellphone bill needs to get submitted.
• Before setting up your account, you must present the original electricity bill, which should not have passed more than two months.
• You must provide the original two-month telephone bill from a public or private operator.
• You must provide the specifics of your past three months’ bank statements.
• Photocopy of your Voter ID.
•  Photocopy of the officially stamped lease agreement or lease deed. 
• Photocopy of your duly stamped and registered Property Title Deeds.
• You must provide a photocopy of the letter you received from your society. In the letter, you should provide your full name, address, and society registration number. The letter must also include the signatories’ complete names, addresses, and titles (President and Secretary).
• You must provide the registered housing society’s monthly expense statement.

The Criteria for an Overseas Mailing Address

• A driving licence
• The bank asks for the Foreign Bank Statement, which must not be over three months.
• Recent three-month utility bill.
• The government-issued ID card.
• Either the most recent three months’ rent receipts or the lease agreement needs to get submitted.
• The last three months’ worth of Credit Card Statements.
• Passport
• A Business ID with an address
• The Bank requires a copy of your Appointment Letter.

Documents For Students

Identity Proof(Anyone of the below)

• Aadhaar Card
• PAN Card
• Driving Licence
• Voter ID
• Passport

Age Proof (Anyone of the below)

• 10th Standard School Certificate
• Birth Certificate
• Passport
• Voter ID

Residence Proof (Anyone of the below)

• Ration Card
• Voter ID
• Electricity Bill
• Telephone Bill
• Driving Licence 
• Passport
• Bank Statement for the Last Two Months

Verify that the address on the provided evidence corresponds to the address you specified on the application.

Enrollment Proof ( Anyone of the below)

• College Identity Card
• Study Certificate from the University
• Admission Slip

Documents For Travel And Forex Credit Cards

Salaried and Self-Employed/Professionals (All of them)

• Travel Ticket 
• Visa
• Passport
• Form A2
• PAN Card

Students ( All of them)

• Passport
• Passport size Photograph
• Form A2
• University ID Card/ Admission Letter/Appointment Letter

The Bottom Line

These are some typical documentation that most Banks that issue Credit Cards demand. However, as previously mentioned, the Banks can request extra documentation following their terms and conditions. Be careful to demonstrate your income concerning the Credit Card requirements you are looking for; otherwise, the Bank may reject your Credit Card Application. If you are an NRI customer residing in a Financial Action Task Force (FATF) nation, an overseas banker who has been granted permission to conduct business there can certify your paperwork. A Consulate of India or a Foreign Notary must certify the client’s documentation in a nation that is not a member of the FATF.

If you meet all the requirements and have the necessary paperwork, you can unwind with your Money-Back Credit Cards.