Want a new credit card.

[Miraj Ahmed]

I have a 780 credit score and have been using a FD-backed credit card for the past six months. I'm looking to apply for an unsecured credit card. Which card should I apply for? Does anyone have tips or strategies to improve my chances, or should I wait longer before applying?

 

[hitirfan]

I have a 780 credit score and have been using a FD-backed credit card for the past six months. I'm looking to apply for an unsecured credit card. Which card should I apply for? Does anyone have tips or strategies to improve my chances, or should I wait longer before applying?

Do have income source?

 

[wcgxlr8]

1. What's your net income after taxes?
2. How much do you spend per year and on which categories?
3. What do you aim to use your cards for? Example - get cash back/book hotels or flights/get free golf lessons etc.

 

[Miraj Ahmed]

Do have income source?

No. I'm a college student (mbbs medical College)

 

[Miraj Ahmed]

1. What's your net income after taxes?
2. How much do you spend per year and on which categories?
3. What do you aim to use your cards for? Example - get cash back/book hotels or flights/get free golf lessons etc.

1. Medical student (MBBS medical college)

2. Till now (using my first credit card for six months) it's around 2 lakhs. I use it mainly on online websites (not only on well-known websites but also on other websites).

3. Online shopping (popular and non-popular websites).

 

[wcgxlr8]

I doubt if you can get an unsecured card without a stable income. You can keep using FD backed cards till you start earning (even if its a stipend, you can try applying then)

 

[hitirfan]

I doubt if you can get an unsecured card without a stable income. You can keep using FD backed cards till you start earning (even if its a stipend, you can try applying then)

Can he get pre-approved card from his savings bank?

 

[wcgxlr8]

Can he get pre-approved card from his savings bank?

I don't know this honestly, usually its a no unless there is some steady income (salaried or self).

 

[Skylar]

tips or strategies to improve my chances, or should I wait longer before applying?

When applying for credit cards, you can indicate that you are self-employed. In the application, specify whether you are a freelancer or a business owner. If you choose ‘freelancer,’ you can state that your work and home addresses are the same. However, if you identify as a business owner, be prepared to show your office location in case of verification. You can also mention that you operate your business from home.
-
-

Thats how most students get the cards, make sure you use the cards only when you have money in your savings account, do not fall into a debt trap.
-
-

 

[Miraj Ahmed]

Can he get pre-approved card from his savings bank?

I'm using kotak savings account and kotak fd backed credit card. Now they can't issue new credit card because of RBI regulations.

 

[Miraj Ahmed]

When applying for credit cards, you can indicate that you are self-employed. In the application, specify whether you are a freelancer or a business owner. If you choose ‘freelancer,’ you can state that your work and home addresses are the same. However, if you identify as a business owner, be prepared to show your office location in case of verification. You can also mention that you operate your business from home.
-
-

Thats how most students get the cards, make sure you use the cards only when you have money in your savings account, do not fall into a debt trap.
-
-Corrected: My father owns a shop. Can you show me a co-partner?

When applying for credit cards, you can indicate that you are self-employed. In the application, specify whether you are a freelancer or a business owner. If you choose ‘freelancer,’ you can state that your work and home addresses are the same. However, if you identify as a business owner, be prepared to show your office location in case of verification. You can also mention that you operate your business from home.
-
-

Thats how most students get the cards, make sure you use the cards only when you have money in your savings account, do not fall into a debt trap.
-
-

My father owns a shop. Can you show me a co-partner?

 

[Skylar]

My father owns a shop. Can you show me a co-partner?

You can fill in the form as it's your shop, no issues with that. and add your dad's annual income as yours.
and enter the shop's address as the office address. "Shop name" is important for a few agents who come to check the shop board. They take a picture of it and send it back the back as office verification proof.

 

[Miraj Ahmed]

You can fill in the form as it's your shop, no issues with that. and add your dad's annual income as yours.
and enter the shop's address as the office address. "Shop name" is important for a few agents who come to check the shop board. They take a picture of it and send it back the back as office verification proof.

Thank you so much, but can you suggest any card I can apply for?

 

[Skylar]

Thank you so much, but can you suggest any card I can apply for?

It's not easy getting a card with 6months of credit history.

- Sales are going to start this month end see which cards are on more sites offering instant discounts, Usually those banks have high chance of approval.

 

[wcgxlr8]

I just got an offer for IDFC First Wealth card LTF, sales definitely kicking up

 

[hitirfan]

I just got an offer for IDFC First Wealth card LTF, sales definitely kicking up

Noice

 

[wcgxlr8]

Noice

BOB cards also, I was thinking to get both but my wallet can't handle more cards and the spending planning also becomes more tiresome , and I don't even make that much to hit the limits on all cards xD LTF ones I just keep for offers or to use once the paid milestones are done

 

[hitirfan]

BOB cards also, I was thinking to get both but my wallet can't handle more cards and the spending planning also becomes more tiresome , and I don't even make that much to hit the limits on all cards xD LTF ones I just keep for offers or to use once the paid milestones are done

Which BOB Card is good?

 

[wcgxlr8]

Which BOB Card is good?

I feel BOB Eterna is good if you get it LTF

 

[Skylar]

I just got an offer for IDFC First Wealth card LTF, sales definitely kicking up

Except BOGO offer on Movie tickets.
There is no other benefit in this card that stands out