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Due to the increasing demand for credit cards in the market, banks and financial institutions have made the application process much easier for customers. Everyone can apply for credit cards both online and offline.

Apply Online

Nowadays, getting a credit card is very simple process, if you are eligible. No need to visit any bank for getting the credit card; you can easily apply for credit card through online-

• You apply credit card through bank website and apply it directly. You need to fill some of the basic details such as name, email ID, contact number, income, address, salary proof.
• You will get a call from the bank and they will verify all the details and gide you the whole process.
• A employee of bank will also visit to your place to collect the required documents.

Apply Offline

People who are not accustomed with the online method of applying the credit card can visit to bank directly and get the work done.

• Visit the bank branch and talk to them about the various type of credit card .
• The bank employee will let your about the cards which matches with your requirement.
• After this step you will fill the application and give the documents to do the KYC like addressproof, pancard, adharcard etc.
• Need the salary proof who are employeed and the business man need to give the income declaration.

Once the form is fill by customer and the application get approved he or she is eligible for credit card. Paisabazaar.com’s Chances their Approval process’ They matches the details provided by the applicant like salary proof, income declaration, credit score, age, place, etc. if the applicant is eligible then bank will provide them credit card.

The eligibility for a card differs from bank to bank. However, the coman criteria is below:

• You should be at least 18 years old.
• Whether salaried or self-employed, you must have a regular source of income to pay back your bills (minimum income bracket differs from one card to another).
• You should have a good credit score (Preferably 700 and above)

The two main charges that you are required to pay for a credit card are joining fees and annual fees. Apart from these two charges, there are many other charges that cardholders must know about. These include:

• Duplicate Statement Fee-A fixed sum charge that is applicable if the customer asks to receive a duplicate statement in physical form.
• Late Payment Charge-This amount is a penalty that is to be paid over and above the interest charges applicable. This fee is payable if the cardholder does not make timely payments.
• Cash Withdrawal Charges-The cash withdrawal interest is an amount that is charged in case the cardholder uses their credit card to make cash withdrawals against their card.
• GST-The Goods and Services Tax (GST) is charged on any of the expenses that are made using a credit card. GST depends on the value of the transaction that is inclusive of interest, fees and other charges.
• ECS or Cheque Return Charge-This is a fixed amount that is to be paid by the cardholder in case of ECS failure or cheque bounce.
• Foreign Currency Transactions-This fee is a defined percentage of the transaction value for any transactions that are made on foreign land.
• Over-limit Fee-If the cardholders' fees, purchases or finance charges exceed their credit limit, an over-limit fee is charged from the cardholder.

Given below is a table of top lenders offering credit cards in India-

SBI Card	HDFC Bank	American Express
ICICI Bank	Axis Bank	RBL Bank
Standard Chartered Bank	Citi Bank	Indusind Bank
Bank Of Baroda	Punjab National Bank	Bajaj Finserv

1. Not Eligibility due to income

All credit cards have different requirements for the lowest income of an applicant. If you do not meet their requirement, your application must get rejected. It is suggested that you should must search for cards that you meet there minimum income requirement to avoid rejection.

2. Poor credit history

Credit card history shows your that you will get the card or not. Below are the points that would suggest if you are a risky customer or not:
• Too many loans:If you already have too many loans, the issuer would presume that your not able to pay the credit card bill on time because of financial crunch.
• Apply to many credit cards: If you are applying for many credit cards at the point of time will make doubt of your repayment capabilities.
• Excessive usage:If you use your card excessively and tend to deplete your credit limit, or even if you use up to 50% of the credit limit for multiple cards, you will be deemed financially unstable.

3. Residence or Office location

The place where you lives or where your office is situated, plays a vital role in the acceptance of your credit card application. Banks have the list of areas which are blacklisted and bank did not provide the services in that area.

4. Incorrect Information

Wrong or incomplete information on the application is also the reasons of the application rejection. The bank never call you to rectify or refilling the missing information, they will straight away reject it. So, invest some time and filled application form.

5. Discrepancies in the Credit Report

When a change is to be made in your credit report, it usually takes some time. It is possible that some of the previous amount of yours that have not been cleared or not updated on your credit report. Before applying the credit card, make sure you check your CIBIL score and report, and inform the authorities if there is any discrepancy in your report..

When you get a credit card, billing date will be mentioned on the document. The date will be the billing cycle and you need to pay the amount on that date. The balance amount on your credit card will be shown as- The minimum amount owed. The amount due is required for payment in the next billing cycle. However, if you cannot pay the outstanding due amount, the bank offer you the option pay the ‘minimum amount at the time of due date’. When you pay the minimum amount, the back will not charge the late payment fee. However, the bank will charge interest on the balance amount. So, if you don't want to pay the interest always pay billed amount

When you will not pay the full amount at the time of billing cycle this will make down your credit score.Your credit report has a section for ‘Days Past Due’, which records the number of days after the due date during which the amount remained outstanding in your credit account. This makes your credit score down and it will be difficult for you to get loans in the future. There are some important terms associated with the credit card payment are-

Total Amount Balance- The total amount due means you have to pay it.
Minimum Amount Due-You should always pay the minimum amount of the bill so that your cibil will not get bad
Billing cycling Date- This is the billing cycling date on which your statement will be generated.
Billing Cycle- Billing cycle is the days between two billing dates.
Due Date- This is the date on which you have to pay your credit card amount.
Check The Reward Point Balance- This is the reward points in your account.