Finance Care in India - Credit Card, Credit Score, Fixed Deposits

Getting a credit card is a seemingly uncomplicated process in India. However, at times, an applicant faced rejection. There are many reasons behind this, including a poor credit score. If you have faced difficulties in getting a credit card, take a look at this article to know how you can improve your chances of getting one when you apply again. Factors that affect your credit card approval Credit score - This is a very easy point to understand and it is quite obvious too - a person with a good credit score gets a credit card with ease. If you have a good credit score, every bank will offer you the credit card you want. However, if you have a poor credit score, you will find it more difficult to get the card of your choice. Income - The income of the applicant also plays an important role here. You need to have a certain income and only then can you apply for a credit card. Someone who earns just about Rs 5000 a month may not be eligible for a credit card. Speak to your b...