Featured Image Caption: Applying for a Credit Card Online
Credit cards are convenient financial products to fund your day-to-day purchases like groceries and gas. They can also be a great resource to make big-ticket purchases like televisions, flight tickets, jewellery, and other goods and services. Credit cards prove to be highly beneficial tool when you do not have the necessary money at your disposal to fund these expenses. Beyond these conveniences, credit cards also offer other advantages such as reward points, cash-backs, and protection against online credit card fraud.
Now, while applying for credit cards, you can opt for an online application process. This concept is gaining among young professionals as it is time-saving and convenient. You can use the credit card app of your preferred lender to explore the best cards they have to offer.
Here is a list of benefits of applying for credit cards online –
Credit card apps like Bajaj Experia are available online on Google Play Store and App Store. You can download these apps and apply for a credit card online anytime at your convenience. This not only provides you with better flexibility but also easy accessibility. Besides, you can also download these apps from your lender’s website as per your convenience.
The documents required for online credit card app of credit card-issuing companies such as Bajaj Finserv are kept minimal. You are required to furnish only a few necessary documents like proof of – identity, address and income. Plus, you are not required to visit any branch to submit the documents. The entire documentation process of submission and verification only requires soft copies of the documentation.
Waiver of Interest Charges
As credit cards function as short-term loans, the rate of interest is comparatively higher than other forms of credits. The interest rate on a credit card is only charged if you miss clearing the dues within the due date. In general, credit cards come with a billing cycle of 30 days and a grace period of 20 days after every billing cycle. If utilised wisely, you can technically enjoy an interest-free period of up to 50 days while transacting with a credit card.
Convert Credit into Cash
Certain credit card companies like Bajaj Finserv also allows you to convert your unutilised cash limit into a personal loan to address any emergencies. Plus, you have to pay 0% interest on the first 90 days and repay the loan amount in 3 easy EMIs.
They also bring you pre-approved offers on credit cards and loans that make availing them quick and hassle-free. These pre-approved offers are applicable on personal loans, business loans, home loans, and on various other financial products as well. To check about your pre-approved offer, you can share few necessary details like your name and contact number.
One of the significant benefits of an online credit card application is its swift approval process. Unlike an offline application process that took hours of your time, online apps reduce the same period into a few minutes.
Rewards, Cash-backs, And Exclusive Perks
Not all lenders offer the application of their credit cards online. Contrarily, some credit card issuers offer such credit cards online with specific customer-friendly features and benefits to further attract customers. For instance –
a. Welcome reward points.
b. Cash-backs on every purchase.
c. Discounts on movie tickets.
d. Complimentary airport lounge access.
e. Fuel surcharge waiver and many more.
You can avail all these benefits instantly from your lending app of your preferred credit card issuer. Credit cards are an invaluable financial tool as they come with no end-usage restriction. You can use them to fund a medical emergency or make an instant purchase of goods or services without worrying of having immediate cash in-hand. Now, with online credit card application facility, availing credit cards have become more accessible than ever.
By Gaurav Mittal
who is a Content writer and he loves to write about Finance & Insurance Articles.