Credit Cards

Documents required for Credit Card approval

The demand for credit card has touched an all-time high. Many banks are offering credit cards with lots of unique features and benefits across a variety of categories spanning lifestyles, travel, shopping, fuel, dining, and entertainment. For availing a credit card, you need to submit a set of documents which the banks will use for verification purposes.

The list of documents may however vary from bank to bank. In this post, we have covered the common documents that are required for credit card approval from most banks. Please note though most documents may be scanned and submitted online, some institutions may prefer a physical copy of the documents for verification.

Documents for Salaried Individuals

ID Proof - PAN Card, Aadhar Card, Passport, Voter’s ID, Driving License, Ration Card or any other photo proofs with Gazetted Officer’s signature

Proof of Address - Passport, Aadhar, Voter’s ID, Ration Card, Driving License, Lease/Rent Agreement, and Utility Bills

Income Proof - Salary Slip (Last 3 months), Bank Statements, Form 16, ITR Returns

Documents for Self-employed Individuals

ID Proof - PAN Card, Aadhar Card, Passport, Voter’s ID, Driving License, Ration Card or any other photo proofs with Gazetted Officer’s signature

Proof of Address - Passport, Aadhar, Voter’s ID, Ration Card, Driving License, Lease/Rent Agreement, and Utility Bills

Income Proof - Proof of Business Continuity, Form 16, ITR, Bank Statement for last 6 months

Documents required for Students

ID Proof - PAN Card, Aadhar Card, Passport, Voter’s ID, Driving License, Ration Card

Proof of Address - Passport, Aadhar, Voter’s ID, Ration Card, Driving License, Lease/Rent Agreement, and Utility Bills

Age proof - Birth Certificate, 10th standard school certificate, Voter ID Card, Passport

Proof of Enrollment - College ID Card, Study Certificate from University, Admission Slip

Documents required for NRIs

Proof of Identity  - Passport, License

Proof of Address - Passport, Voter’s ID, Driving LIcense, Ulility Bills, Bank account statement

Proof of Income - Passport, Driving License, Utility Bills, Overseas Bank Statement, Government issued ID Card, Company ID Card, Company Appointment Letter

Conclusion

These are some of the common documents required for approval of credit cards by majority of banks. However, certain banks may ask for additional documents based on their policies