5 Important Questions to Ask before Applying for a New Credit Card


While applying for a credit card has become very easy with multiple digital platforms, the focus should be on choosing the right card that aligns with your needs. Note that credit cards are a form of debt and hence need to be treated with care. Answering these five important questions would help you make an informed choice.

What type of credit card should I apply for?

There are several types of credit card available in India and they are categorised as per benefits, rewards and specific purposes. Some of the most common types of cards available are:

  • Classic credit card
  • Fuel credit card
  • Travel credit card
  • Business credit card

It’s essential to gauge your needs and opt for a card that best fits in your scheme of things.

Which financial institution should I choose as my card issuer?

Today, there are a plethora of financial institutions issuing credit cards. You can choose the card of your choice from any issuer. However, it’s prudent to conduct extensive research before applying.

During research, do compare different cards on parameters like maximum credit limit offered, interest-free window, billing cycle, late penalty charges, processing fee, etc. Select a card that best fits your borrowing pattern and payment schedule.

What are the card’s value-added features?

While every card comes with a limit up to which you can borrow, it’s crucial to see the value-added features of a card. For instance, the Bajaj Finserv RBL Bank SuperCard allows interest-free cash withdrawal from ATMs for up to 50 days. Also, it gives you the option to convert the limit into an emergency personal loan and repay in 3 easy EMIs.


You can earn reward points up to 20,000 and get attractive discounts on purchases made at partner stores of Bajaj Finserv. These offers simplify the process of availing finance and also save time. All you need to do is to share a few basic details and check out your pre-approved offer.

Does my credit card eligibility match with the issuer’s set criteria?

Before applying for a credit card, it’s essential to ensure that your eligibility matches with the one set by the lender. Generally, credit card eligibility depends on your income, age and present financial commitments. Credit score is another essential metric that dictates your eligibility.

A high score of 750 or more, enhances your credit card eligibility. Fulfilling the criteria set by the issuer helps in quick processing of your credit card application.

What documents do I need to attach with my credit card application?

There are certain documents that you need to attach with your credit card application. Though the exact list may vary across lenders, some of the common documents needed are:

  • KYC documents
  • Income proof
  • Bank statement of the last 2-3 years
  • Copy of IT returns

There might be additional documents that you need to submit as demanded. Today, most card issuers specify the actual list of documents needed on their respective websites.

credit card

A credit card can be your most trusted financial ally in times of need. Make sure to read the fine print to make the best use of your card.