Document Required for Credit Card

Credit card can be termed as “fluid money” or “modern day money lending”. It gives one a hands-free easy way for shopaholics without using cash.

Credit card companies work on a model of borrow-return. While the buyer “borrows” money from the bank for his purchases, the bank demands the return. The credit card companies thus provide an easy, convenient and hassle free way of spending money, without actually having to spend it.

As a creditor needs to ensure that the borrower is “safe”, the regular security features are employed. The bank (credit card companies) provides a form to be filled by the applier. The details such as the one given below, are requested:

Present address*
Permanent address*
Phone number
Mobile number
Mail ID
PAN *
Employer*
Employment Type*
etc

In addition to this, one needs to present the following documents to background verification:

1. Colored Photograph - or identification
2. Salary slips (latest 3)

Self Employed - Latest personal income tax returns and business card
3. Copy of PAN card/Passport/Form16
(As per regulatory requirement relevant proof of residence)
4. Bank statements

These are required irrespective of the card type (gold/silver etc) and the bank of which the credit card is applied.

In addition to this, certain banks may require other documents like: Company ID card.