Credit card income proof

[umangarya10]

Tell me one thing guyzz......
I've always wanted premium credit cards. But often times, the income eligibility is quite high. I'm a student & don't file ITR. If I were to lie in my credit card application, and for eg manage to get the credit card approved, will I come under the IT dept radar ?

 

[Skylar]

Tell me one thing guyzz......
I've always wanted premium credit cards. But often times, the income eligibility is quite high. I'm a student & don't file ITR. If I were to lie in my credit card application, and for eg manage to get the credit card approved, will I come under the IT dept radar ?

Hihi nope, depends upon your location.
Few banks do office and home verification very strictly.


Freelancers usually have office and home address as same.

 

[Gogineni]

Tell me one thing guyzz......
I've always wanted premium credit cards. But often times, the income eligibility is quite high. I'm a student & don't file ITR. If I were to lie in my credit card application, and for eg manage to get the credit card approved, will I come under the IT dept radar ?

you'll be under IT Rader when you spend more than 10lac in a year. or pay credit card bill of 1lac or more in cash.

 

[Prateek.cnb78]

Tell me one thing guyzz......
I've always wanted premium credit cards. But often times, the income eligibility is quite high. I'm a student & don't file ITR. If I were to lie in my credit card application, and for eg manage to get the credit card approved, will I come under the IT dept radar ?

The credit decision-making process of banks is too difficult to fool. They can access the entire credit worthiness of the applicant just by using the PAN number.

Hitting it against Bureau's will give them many details about you. Exiting loans & credit cards (both open and closed), defaults (if any), days of missing payments, lists of residential and office addresses, etc.

Also, when asked for income proof, the only option is 3-6 months of a salary slip or ITR, being a student producing both would be difficult.

 

[zacobite]

Tell me one thing guyzz......
I've always wanted premium credit cards. But often times, the income eligibility is quite high. I'm a student & don't file ITR. If I were to lie in my credit card application, and for eg manage to get the credit card approved, will I come under the IT dept radar ?

IT dept doesn't chk cc application.. it follows your spends vs income..

 

[abhimarda]

Tell me one thing guyzz......
I've always wanted premium credit cards. But often times, the income eligibility is quite high. I'm a student & don't file ITR. If I were to lie in my credit card application, and for eg manage to get the credit card approved, will I come under the IT dept radar ?

Why do you want to have such card? As you noted that you are a student, so you won't be able to enjoy it's benefit to the fullest either as I assume you don't have any income source. The premium cards will have high annual charges and high spend based reversal criteria. They may come with high limits but isn't that trying to get into a debt trap while you don't have backing income. Once you are earning, take appropriate credit card which suits your spend pattern.

 

[Bharatiya Nagrik]

Tell me one thing guyzz......
I've always wanted premium credit cards. But often times, the income eligibility is quite high. I'm a student & don't file ITR. If I were to lie in my credit card application, and for eg manage to get the credit card approved, will I come under the IT dept radar ?

Wanting is fine but are you confident that you will be able to manage the card with all the spending you will do without any stable income?
Some people have lost everything thing in credit card debt due to inability in repaying the CC bills. The interest rate being as high 40% destroys peoples lives. So be very careful, properly plan on how you will be using the CC and how you will manage money to pay it back. You need to analyse your spending and then select the few cards that will fulfill your requirements. If you have these steps figured out then you will be a very happy user else it can also ruin you financially.
All the best to you in becoming a very responsible CC user.