A Step-by-Step Guide to Applying for a Credit Card Online in Minutes

With a credit card, you can enjoy various exclusive benefits to elevate your lifestyle and save money. Whether it's discounted hotels and flights or exclusive deals at restaurants and luxury brands, you enjoy convenience and rewards on most transactions. If you're a beginner, here's how to get a credit card online in a few simple steps.

Questions to Ask Before Applying 

Before applying, you must think about the following factors:

• Do You Qualify? 

Before applying, check the eligibility criteria to avoid rejection, delays in approval or high interest rates. 

• What is the Cost of Borrowing?

Learn about all the associated fees, such as annual fees, late fees and others. Compare these fees across different cards to choose one with reasonable charges.

• Do the Rewards and Benefits Add Value?

Credit cards offer cashback and the ability to earn reward points and discounts. Get to know these and see if they match your needs and will actually help you save money. 

How to Apply for a Credit Card

After initial research, follow these simple steps to get your preferred card:

Step 1: Pick a Credit Card

Choose the card that best suits your needs by comparing all the options available online. 

Step 2: Get Your Documents Ready

Gather all necessary documents like ID proof, address proof, income details and others as requested by the issuer.

Step 3: Fill Out the Application Form

Complete the online application form with accurate information. Make sure to verify it before submitting it. 

Step 4: Submit the Form and Documents

After submitting the form, upload the required documents digitally.

Step 5: Complete Digital KYC

Verify your identity through the digital KYC process.

Step 6: Get Approval

Wait for the issuer to approve your application, which generally takes just a few minutes online.

Step 7: Receive Your Credit Card Kit

Once approved, you’ll receive your kit by mail, after which you need to activate your physical card to use it. You can also activate the virtual variant for online transactions instantly. 

Know Reasons for Credit Card Rejection

Even if you meet the eligible criteria, your application may still get rejected. Thus, understanding the reasons is important before you can reapply. Here are some common reasons why this may happen and how to fix them:

• Poor Credit History

Lenders assess your credit history to determine creditworthiness. A low score can raise concerns. So, improve your score before applying. 

• Insufficient Income

Issuers require a minimum income level to ensure you can repay credit. So, ask your employer for a raise or show other sources of income before applying. 

• Existing Debt

High existing debt may make lenders cautious about offering you more credit. Pay your outstanding due or close any loan to reduce your debt-to-income ratio. 

• Errors in the Application

Missing or incorrect details in your application can result in rejection. Always cross-check the information you provide.

Thanks to digital applications, getting a credit card is now faster and easier than ever. You can complete the entire process in just a few minutes or complete it later at your convenience. 

The One Credit Card offers a seamless application experience through its powerful OneCard App. Once approved, you can use the same credit card app to manage your card and redeem reward points, convert your expenses into no-cost EMIs and keep track of your transaction history.

Apply online for the One Credit Card to enjoy not joining fees, annual fees or reward redemption fees and get the most value out of every swipe! Moreover, get 5X rewards on your top two spending categories, with points that are credited instantly and never expire.