How can you check your Bajaj credit card eligibility?
The credit card market in India is predicted to grow by 25% in the period 2020-2025. Along with this booming demand, the outstanding debt from this loan segment is also increasing over the years. Thus, to be on the safer side and reduce the delinquency rate for this sector, the card-issuing institutions set stringent eligibility criteria that individuals need to fulfill.
For instance, the eligibility for credit card also includes some specific eligibility criteria like a credit score of 750 and above to be eligible for their credit card. Thus, individuals should first know how they can check their eligibility for such a credit card before proceeding.
Steps to check eligibility for your selected credit card
Following are some simple steps that individuals need to follow before making a Bajaj card application.
Visit the financial institution’s website and navigate to ‘Products’.
Next, choose the ‘Credit Card’ option to proceed.
Read all the eligibility criteria and the documents that are required.
Click on ‘Apply’ to know your pre-approved offer for the card by only entering your mobile number.
Such a step should help you ascertain your eligibility for the suitable credit limit on your card. Nevertheless, this facility of checking eligibility is available to exist customers only.
New users can take the help of a dedicated eligibility calculator to check their availability of this card.
Besides knowing about the steps to check eligibility, individuals also need to know about the eligibility and documents that they would need to present to be eligible for a credit card.
Eligibility for credit card
Following are some of the standard eligibility criteria that individuals need to fulfill to get approved during the likes of the Bajaj card application.
The age of an applicant must be between 25 and 65 years.
He/she should have a steady source of income.
The applicant must also hold a credit score of 750 and above without any past history of default.
The location of your residence should be within the provider’s service locations.
The applicant also needs to be an existing customer of Bajaj Finserv.
A Bajaj Finserv RBL Bank SuperCard also offers a host of benefits. For instance, using this card, individuals can opt for a personal loan against the card's unused credit limit and many more.
The card issuer also provides pre-approved offers that make your Bajaj card application processing straightforward and prompt. Such offers are available on various financial products like personal loans, business loans, and several other financial products. All you need to do is enter your name and mobile number to check your pre-approved offer.
Besides credit card criteria, individuals should also gain an idea about the documents they need to submit along with their online application form.
Documents checklist for credit card application
Documentation is one of the important things to consider before applying for a credit card. It includes –
Personal details (Anyone)
Voter ID card.
Address proof (Anyone)
Voter ID card.
However, individuals may need to produce other documents as well during the credit card processing. On checking the eligibility and documents, financial institutions approve a suitable credit limit for the applicant. Depending on the place of issuing and type of card, individuals can use the card both in the country and abroad.
Moreover, along with checking the credit card eligibility, you can also learn about how you can use a credit card to improve your credit score. It will help you avail hassle-free approval for the card enable you to avail of any other financial product conveniently as well.