What Are The Eligibility Criteria For Applying A Credit Card

Each bank provides a wide range of credit options to its clients. Each lender aims to win over customers in the credit industry by offering loans and credit cards with attractive interest rates. Banks have created a range of credit cards for various uses as credit cards have taken center stage in our lives. Also, you must fulfill certain eligibility criteria to be accepted for your credit card application. The information might change based on the bank or card. If you don’t fulfill the bank’s conditions then your application can be turned down. If this occurs, your credit score can suffer. Credit Cards for Different Purposes There are lots of requirements for everyone, though they may differ depending on our lifestyles. Since they are well aware of their customer's spending patterns, banks provide several credit cards under the following categories: ● Shopping Card- Exclusive benefits, promotions, and price cuts for in-store and online purchase...