MoneyTap Loan

Best Instant Approval Credit Cards In India | Best Credit Cards

Best Instant Approval Credit Cards In India | Best Credit Cards

What is Credit Card?

A Credit card is a financial tool which allows the cardholders to borrow funds according to his convenience. You can opt for an online credit card application to enjoy instant approval credit cards. After you opted to apply credit card online instant approval, the financial institution pre-set the maximum credit limit in India at the time of the card issuance. The cardholder can use the instant credit card for online transactions. The instant approval credit cards are issued given the condition that the cardholder will repay the borrowed fund in addition to any other agreed-upon charges. You can go for an online credit card apply to enjoy cashless transactions and other exciting benefits of the best credit card.

Credit card offers instant credit card application with hassle-free transaction. As compared to other forms of consumer loans, credit card charges a higher annual percentage rates (APRs). If you fail to pay the credit card balance, then the interest rate is charged beginning from one month after making a purchase. You can apply for instant credit card whether you are salaried or self-employed. In order to apply for best credit card online, you can avail credit card for self-employed or salaried based on your employment type. You need to fulfill credit card apply minimum salary with a decent credit score for instant credit card approval. After the instant credit card approval online, you will get instant credit card number.

Top Financial Institutions Offering Credit Cards

Based on credit card eligibility criteria, top credit card providers in India offers the best credit cards. FreEMI offers top credit cards from the leading financial institutions-

  • SBI Credit Cards
  • ICICI Bank Credit Cards
  • HDFC Bank Credit Cards
  • Yes Bank Credit Cards
  • Bajaj RBL Credit Cards
  • IndusInd Bank Credit Cards

What are Credit Card Numbers?

On every best credit card, there are 16 digits. These numbers are coded to identify the issuer and prevent any kind of fraud. When you apply for credit card online, you get instant credit card number.

The very first digit of the credit card signifies the system-
6- Discover Card
5- Master Card
4- Visa Card
3- Travel or Entertainment Card

The structure of the credit card number varies by the system. For ex- Carte Blanche and Diners Club starts with 38 and American Express card numbers starts with 37

Master Card

The 2nd and the 3rd digit, the 2nd digit up to 6th digit, the 2nd digit up to 5th digit or the 2nd digit up to 4th digit is your bank number. This depends on whether the 2nd digit is 1,2,3 or other than that. After the bank number, the digits up to the 15th digit is the account number. The 16th digit is the check digit.

Visa Card

From the 2nd digit up to the 6th digit is the bank number. Then from the 7th digit to the 15th digit or from 7th digit to the 12th digit is the account number. The 16th digit or 13th digit is the check digit.

American Express

The 3rd and 4th digit signifies the type and currency. The 5th digit up to the 11th digit is the account number. The 12th digit up to the 14th digit is the card number. The 15th digit is the check digit..

The Process to Apply for a Credit Card Online

You can Compare & Apply for a Credit Card on BankBazaar by Following 4 Simple Steps:

Step 1: Compare credit card offers.

Step 2: Select from the top cards offered by leading Indian banks.

Step 3: Check your eligibility by entering a few personal details.

Step 4: Enjoy instant approval online after filling out your application form.

Alternately, you can also apply for a card online on the bank’s website by following these steps:

Step 1: Visit the bank’s website.

Step 2: Explore the cards offered by the bank.

Step 3: Use the comparison tool if available to compare their features and benefits.

Step 4: Select the card that is the right one for you and hit the ‘Apply’ button.

Step 5: Fill in the required details and upload all necessary documents.

Step 6: Submit your form.

Note: Each bank may have a different application procedure. Visit the bank’s website for more details regarding how to apply for their card online.

1.HDFC Bank instant approval credit card

HDFC Bank credit cards are not only 100% secure, but they also provide instant activation and ownership.
here, a potential customer is taken to the end-to-end instant digital application page wherein the issuance happens at a single click. once approved, you will receive an e-card copy of the credit card in a password-protected file that you can use for online purchases.

key benefits:

the e-card is valid till you receive the physical credit card and activate the same in the nearest HDFC Bank ATM.
with such an instant approval credit card, you can enjoy benefits worth ₹4,000 in the first four months of using the card.

2.Axis Bank Ace Credit Card

Axis Bank Ace Credit Card is a good option for beginners looking for a high cashback rate at a nominal annual fee. The card offers up to 5% cashback on bill payments and online food delivery along with other benefits such as airport lounge access and dining discounts. The best feature about this card is that there is no upper limit on earning cashback.

3.Bajaj Finserv RBL Bank super card

Bajaj Finserv collaborated with the RBL Bank to introduce this instant credit card that is a perfect solution to all your urgent money needs. based on your cash limit, the Bajaj Finserv RBL Bank super card gives you a personal loan for 90 days at no processing fee and a meagre interest rate of 1.16%.

Features & Benefits of a Credit Card

Welcome GiftMany banks offer a welcome gift to new credit card applicants once the card is issued to them in the form of bonus reward points, vouchers, discounts, etc.
Rewards ProgramAll credit cards generally have a reward program, which allows cardholders to earn reward points on every transaction they make using their cards.
Fuel Surcharge WaiverBanks offer a fuel surcharge waiver to the cardholders on spending a specific amount of money on fuel every month.
Cashback BenefitsMany credit cards offer cashback benefits to the customers.
Lifestyle BenefitsCardholders can enjoy various lifestyle benefits on their credit cards, such as offers on dining, shopping, wellness, entertainment, etc.
Travel BenefitsTravel benefits of credit cards include air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc.
Airport Lounge AccessSome credit cards offer complimentary airport lounge access to cardholders. The offer varies from one bank to another.
Add-on CardsMany banks allow their credit cardholders to apply for add-on credit cards for their immediate family members.
Insurance CoverageSome premier cards provide a comprehensive insurance policy that provides coverage against air accidents, life, lost baggage, lost card, outstanding, etc.
Balance TransferCredit cardholders can transfer the outstanding balance of their existing cards issued by one bank to the credit card account of another bank.
Global AcceptanceToday, most credit cards that are issued in India are international credit cards and are accepted by various merchants all over the world.
EMI ConversionThe feature allows the credit card members to convert their credit card transactions into easy monthly instalments (EMIs).
Credit ScoreOwning a credit card helps you build a healthy CIBIL score. By making timely payments on your card and in full, you receive a positive credit score for credit bureau, CIBIL.

Eligibility Criteria

Before you apply for a new credit card, it is important to check whether or not you fulfil the eligibility criteria. Check out the eligibility conditions for Indus Easy Credit Cards below:

Age: To apply, you must be at least 21 years old. On the other hand, the upper-limit age is 60 years or retirement age, whichever is earlier
Income: Your net monthly income should be at least Rs.20, 000
Occupation: All Salaried and Self-Employed individuals can apply
Credit score: You need to have a good CIBIL score

Documents needed for online credit card application

No physical documents are required
Keep your Aadhaar and PAN number handy to speed up the application process
Proof of residence if your current address is different form the one in Aadhaar

Credit Card Interest Rates and Charges

Interest charges are levied if Total Amount Due is not paid off by due date and Late Payment charges are applicable if the minimum due amount is not paid by the due date. Interest charges are dynamic and are subject to change based on periodic review by IndusInd Bank. To know more about the interest rates and charges of our credit cards.

Leave a Reply

Your email address will not be published. Required fields are marked *