Faqs
Have Any Question?
Fequently Asked Question
We’ve compiled answers to commonly asked questions in a clear and straightforward manner to assist you better.
What is the easiest way to apply for a credit card?
You can apply online through the official website of the credit card provider or third-party financial platforms. If you have a salary or savings account with a bank, you may receive quick approval.
What is the minimum income required to be eligible for a credit card?
Income requirements vary across banks, but most require a minimum annual income of ₹2 Lakhs.
How to Get a Credit Card Without a Credit History?
Yes! Some credit cards are specifically designed to help you build a credit score. A steady source of income can also improve your eligibility.
How Many Credit Cards Should You Have?
Having 1–2 cards is ideal for building credit, while 3–5 cards help maximize rewards. The key is to manage them responsibly to avoid overspending and missed payments.
How Many Add-On Credit Cards Can You Get?
Most credit card providers, including Card Bazar, allow you to obtain up to 3 add-on cards for your immediate family members, such as your spouse and children.
How many credit cards can one person have?
There is no limit on the number of credit cards you can own. However, timely payments are essential to avoid interest charges and maintain a healthy credit score.
Can I increase my credit limit?
Yes, you can request a credit limit increase from your credit card provider. Your eligibility will depend on your income and repayment history.
Is It Possible to Get a Credit Card in One Day?
Yes, many banks now offer instant credit card approval. To increase your chances, have all necessary documents ready, including ID, income proof, and address verification, for a smooth and quick process.
Understanding the Minimum Due on a Credit Card?
The minimum due is a small portion of your total outstanding balance that you must pay to avoid late fees. The remaining balance is carried over to the next billing cycle with interest, as per Card Bazar guidelines.
How Much Are Credit Card Reward Points Worth?
The value of reward points depends on the bank and credit card type. Typically, 4 points equal ₹1, but some banks offer ₹1 for every 2 points. The exact value varies based on Card Bazar benefits.
Credit Card Cash Withdrawal Charges Explained
Banks typically charge a cash advance fee of up to 3% on the withdrawn amount. For example, if you withdraw ₹10,000, you may pay a ₹300 fee. Cash withdrawals do not qualify for an interest-free period, as per Card Bazar.
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