Q1. How will i check elegibility for credit card?
Age should be More than 18 years(more in some cases)
You should be salaried employee or self employed.
Must Have a valid Indian address
Must Have a savings account
Must meet the income criteria.
Q2. Define CVV .
CVV(Card verification value)number is a 3 digit number mentioned at the back of your card on the signature panel. The CVV number is vital in case of online transaction and provides your card authenticity thus should not be disclosed to anyone.
Q3. How Many types of credit card can i choose from?
Standard credit card- These are basic credit cards nominal or no annual fee.
Reward cards-These are cards with which you can earn reward points on each transaction and use them for future purchases.
cash-back card-These cards have cash-back offers on transactions made at partner outlets.
Fuel cards-These cards can earn you fuel points on making transactions at fuel pumps.
Co-branded cards-These cards feature the co-promoter's logo/name on the card and can earn you discounts and points at the co-promoter's outlet.
Charge cards- With these cards you have to pay the total outstanding balance at the end of every month as the balance will not be carry forwarded.These cards have no credit limits.
Q4. What is a supplementary card? How Many supplementary cards can i have at one point?
Supplementary card refers to one or more credit cards which can be issued to the family members of the primary card holders. These cards share the credit limit of the primary card holder. You can have up to 3 supplementary cards at a time although it can vary from one issuer to another.
Q5. How can i check my credit score?
If you want to check your credit score all you need to do is log on to credit karo page, go to the home page, click the "check your score" tab and just fill the required information and get the accurate credit score.