Right Way to Apply and Get a New Credit Card - Kotak Bank
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A credit card is the best financial tool to manage your finances. It offers an instant way to access funds and repay balances without incurring any interest. The interest charges apply when you delay your repayment. So, if you do not know how to get a credit card, the application process is straightforward. However, you will need to meet the issuing bank’s eligibility requirements.

If you use your credit card judiciously, you can easily manage and track your monthly expenses without burdening your budget. Some credit cards offer grace periods, which can significantly bring down the cost if you pay all your charges each month. You can also get reward points and cashback on purchases through your credit card.

Features of a New Credit Card

When you apply for a new credit card, you can avail of numerous features that significantly lower the total cost of borrowing. Here are the features of a credit card: 

  • Most issuing banks offer a welcome gift to new credit card applicants in the form of bonus reward points, vouchers, discounts, etc. 
  • Credit cards have reward programs that allow cardholders to earn reward points. 
  • You can get a fuel surcharge waiver on spending a specific amount of money on fuel every month. 
  • You can also get cashback offers on purchases made on different online platforms. 
  • It comes with various lifestyle benefits, such as dining, shopping, wellness, entertainment, etc. 
  • There are travel benefits, including air miles, airport lounge access, travel insurance, hotel offers, airline offers, etc. 
  • Your credit card comes with complimentary airport lounge access. The number of offers varies across issuing banks. 
  • You have the luxury of applying for add-on credit cards for immediate family members. 
  • Premier cards come with comprehensive insurance plans that provide coverage against air accidents, lost baggage, lost cards, and outstandings. 
  • You can transfer the outstanding balance of your credit card to another credit card account. 
  • Credit cards are accepted worldwide. 
  • You can have the flexibility to convert your credit card transactions into easy EMIs
  • If you make on-time repayment, your credit score will increase significantly, enabling you to secure loans in the future. 

Follow the Ways to get a New Credit Card


To know how to get a credit card, you will have to meet your issuing bank’s eligibility requirements and submit the requisite documents. The most crucial part of applying for a credit card is to ensure your bank that you have the income required to pay your credit card balances on or before the due dates. 

Read Also: Exploring Discount Offers with Myntra Credit Card

1) Meet the Eligibility Criteria

Before submitting your credit card application, you will have to ensure that you meet certain requirements. If you apply at a nearby branch, your bank will ask some questions to determine your credit card eligibility. Furthermore, if you apply online, you will need to enter your eligibility information in the beginning to know your eligibility. Failing to meet the requirements will result in application rejection.

Here are the common requirements that you will need to meet: 

  • Age

    The minimum age to apply for a credit card is 18 years, and the maximum eligible age is 65 years.
    You will need to convince your bank that you have a sufficient salary to repay the balances every month. You will be required to show proof of income, such as salary slips, ITR, or form 16.
  • Citizenship

    Credit card issuers in India require the applicant’s citizenship as Indian. If you are not an Indian, you are not eligible to apply for a credit card. 
  • Credit score

    Whether or not you can get a credit card also depends on your credit score. Your card issuer will check your credit score before approving your application. A bad credit score holder will struggle to get a credit card. Whereas, a healthy credit score ensures approval and lowers interest charges. 

2) Submit the Requisite Documents

You need to prepare and submit the following documents along with your application: 

Identification proof: Passport, PAN Card, Aadhaar Card, or Voter ID Card. 

Address proof:
Aadhaar Card, Electricity Bill, or Telephone Bill. 

Income Proof: Salary Certificate, Salary Slips, or Employment Letter. 

3) Fill in the Requisite Information on your Application Form

After meeting the eligibility requirements and arranging the documents required, you can apply for a credit card. The information that you need to mention in your credit card application is: 

  • Personal information: Full Name, Date of Birth, Marital Status, PAN number, etc.  
  • Contact information: Residential Address, Email Address, Phone Number. 
  • Financial Information: Employment status (employed or self-employed), Annual Income (Salary, wages, retirement income, rental properties, alimony, and child support), Non-taxable Income, Bank Account Information (Checking account or savings account). 
  • Additional optional information: Authorized user details (Names, Date of Births, Address), Balances to Transfer (creditor name, account number, payment address, and transfer amount). 

4) Applying for a Credit Card Online

Due to the COVID-19 pandemic, issuing banks and non-banking financial institutions have resorted to online platforms to provide credit facilities. Thanks to the internet, the process of application has become convenient and hassle-free. 

Before visiting an issuing bank’s website, compare credit cards offers. After that, select a credit card that best serves your needs and preferences, and ensure to meet the eligibility criteria of the issuing bank. 

Here is the process of applying for a credit card online: 

  • Visit your issuing bank’s web portal.
  • Select your preferred credit card. 
  • Click on the Apply tab.  
  • Fill in the online application form. 
  • Upload the documents required to get a new credit card. 
  • Submit your application. 

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After submitting your application, allow your bank to run KYC and verification checks. The bank may contact your references and employer to verify the information you have mentioned in your application. Your issuing bank will contact you within a few days to notify you of the decision made on your credit card application.

To get a new credit card in India, you will need to have a stable income and a healthy credit score. A credit card with maximum rewards and benefits will require at least three to seven years of good credit history. The minimum credit score requirement to get a credit card is 750. It means that the closer you are to the range of 900, the higher your chances of securing lower interest charges, cash advance fees, etc.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.