In the present-day fast-paced digital world, receiving a credit card in India is easier than ever! Being aware of the dates will allow you to have a clear expectation and your financial planning will reflect this whether you are seeking an immediate approval and use of your credit card or you are completing the traditional application process.
Pre-approved credit cards
Banks issue credit cards with instant approvals for qualifying applicants. Generally these cards are available only for pre-approved applicants or applicants with certain qualifications. The process of applying for the cards is simple and generally only an online application, which is only a few steps long. Once approved you can access your card details through a mobile app or online banking and use it for online transactions.
Factors influencing approval procedure
The following factors may affect how quickly you get your credit card:
In conclusion, the information on the application process and its conditions will determine how long it takes to get a credit card. Regular applications typically take between seven to fifteen working days, but there are applications for ‘instant credit card’, where you get it instantly without a time delay.
Disclaimer: Mint has a tie-up with fin-techs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
