Alternative Ways To Apply For Credit Card ?

Discussion in 'Payment Processing' started by muralikumar2005, Jun 15, 2008.

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  1. #1
    Hi,
    I called my bank today and told them I wanted to apply for a credit card. I am still a student and all my money comes from affiliate marketing. They said that since I was self employed I would have to submit Income Tax Returns. I would like to know whether there is any other way around this?. Oh and I live in India
     
    muralikumar2005, Jun 15, 2008 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    If your parents (mom or dad) or your elder brother or sister having credit card then you can apply for addon credit card and verify yourself through it.

    DON.
     
    deluxdon, Jun 15, 2008 IP
  3. what

    what Active Member

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    #3
    The easiest way is for you to apply for a SECURED CREDIT CARD. This means that you need to deposit a certain amount and you can only charge your card around the amount that you used as "deposit."

    Another way is to ask your bank if they have STUDENT CREDIT CARDS. While the credit limit may be low, at least the card's legit and you can use it just like a regular CC.

    Or you can also ask for a supplementary card from your parents who have credit cards.
     
    what, Jun 15, 2008 IP
  4. muralikumar2005

    muralikumar2005 Peon

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    #4
    What -> Thanks!. Good advice. Will see if i can get a student card
     
    muralikumar2005, Jun 16, 2008 IP
  5. muralikumar2005

    muralikumar2005 Peon

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    #5
    Also do you know which bank in India would offer a student credit card (or) a secured credit card
     
    muralikumar2005, Jun 16, 2008 IP
  6. cosmos

    cosmos Peon

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    #6
    Try http://www.capitalone.com , it is like a secure credit card
    interest is high but you stay one year and after that you can jump on something more comfotable
     
    cosmos, Jun 16, 2008 IP
  7. muralikumar2005

    muralikumar2005 Peon

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    #7
    thanks cosmos, but I don't think they allow Indian residents to apply for one
     
    muralikumar2005, Jun 16, 2008 IP
  8. what

    what Active Member

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    #8
    I'm not too sure about banks in India but here's the website of a recent client of mine. I wrote web content for him - he's engaged in the credit card industry. One of the options found in his website is a student credit card

    http://www.industrycreditcards.com/...d&COOK_SPEC_CLICK=deleted&COOK_CL_APN=not&cl=

    Good luck on your application :)
     
    what, Jun 16, 2008 IP
  9. rajanurs

    rajanurs Well-Known Member

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    #9
    50 thousand fixed deposit for two years can get you secured credit card from Vijaya Bank


    http://www.vijayabank.com/

    VISA Classic International Card

    Eligibility :
    Account holder of our Bank &
    Salaried Class: Income of Rs 60000/- p.a.
    Self employed/Business Class: Income of Rs 50000/- p.a.
    Deposit: Rs 50,000/- for 2 years
    Credit facility: Rs 2 lakh
    SB Account: Average balance of Rs 50,000/- for atleast previous 6 months
     
    rajanurs, Jun 17, 2008 IP
  10. rajanurs

    rajanurs Well-Known Member

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    #10
    rajanurs, Jun 18, 2008 IP