How to check your credit card application status online?

How to check your credit card application status online?

Over the past few years, the banking system has undergone a revolution. Cashless payment tools like credit cards are preferred over cash. Today, every bank offers its customers a credit card. Moreover, these come loaded with offers, deals, and rewards. No wonder it has changed the way people spend money. Let’s examine the reasons for credit cards’ popularity in recent years.

Credit cards: Why are they preferred?

Credit cards are very popular for online shopping today. They have transformed consumer’s shopping habits, especially as merchants today offer a broad range of payment options to consumers, from cash on delivery to debit and credit cards to net banking.

Before, only a limited number of fashion brands offered online purchases. However, now online shopping has expanded to include everyday life necessities. All this from the comfort of your home.

The following are some other benefits of using a credit card:

• For purchases

• It is neither feasible nor safe to carry a lot of cash when you travel. A credit card offers a solution to this problem. With a swipe of this little plastic card, you are good to go, making the whole transaction quite convenient.
• Furthermore, credit cards act as deferred payment accounts. Thus, if you are buying high-end goods, you don’t need to pay in full at once like you would with a debit card. Credit cards allow you to pay off the amount in EMIs or installments. Almost every retailer today offers this option.
• Finally, with a credit card, you can shop for your favorite brands worldwide and have them delivered right to your doorstep. In addition, many international outlets only accept credit cards for payment.
   
• Favorable credit rating
• The importance of a good credit score in future financial planning is well known. A person’s credit score has a huge impact on his/ her ability to borrow for a home or an education loan. It is therefore important to remember that a credit card is also a short-term loan whose bill, if repaid in time, increases your credit score. Additionally, people are more responsible when using this little plastic card as a result of this advantage.
   
• Safety and security
• We have established that this is a safer alternative than carrying cash. In addition, today’s credit cards feature two-factor authentication.
• To authenticate a financial transaction, you will have to enter not only the credit card number and Credit Card CVV, but also an OTP sent to your mobile phone. In this manner, your card cannot be misused even if it is stolen.
• Additionally, since you won’t be paying the full amount for the goods, you can protect yourself from defective products and fraudulent sites. You can file complaints with credit card companies regarding dubious transactions, and they will investigate the matter on your behalf
   
• Exclusive rewards
• Credit cards come with many benefits, including discounts, welcome bonuses, and special offers. In addition, you may receive loyalty and rewards points for purchases, which can be redeemed on various portals. Some retailers even offer you a cashback. Hence, you can benefit from double savings thanks to instant discounts and cashback. What’s more? Some credit cards even provide access to premium airport lounges and flyer miles.

How to apply for a credit card?

Requirements for credit card application

Consider the following factors before applying for a credit card:

• The applicant must be a minimum of 18 years of age.
• Whether salaried or self-employed, the applicant should have a reliable source of income.
• He/ she must have a good credit score.
• The applicant must not have defaulted on any of his payments.
• He/ she must be a resident of India. However, in some cases, even non-residents can apply for credit cards.
• To apply for a credit card, you will need to provide a passport size photo, valid identity proof, and an address proof. Banks may also request additional documents.

Today, companies offer a simple and easy process to apply for credit cards. You can even do it online from the comfort of your home. Here are the steps to follow while applying for a new or first-time credit card:

1. Visit the credit card issuing institutionwebsite.
2. There, enter your contact information and other personal details, as required.
3. Next, browse various credit cards of various banks and compare their features.
4. Choose the one which suits your lifestyle and needs.
5. Submit the application form and enjoy the instant online credit card approval process.

Additionally, you can also visit the bank to apply for a credit card. Meet a credit card representative, choose a credit card, fill the application form and submit the required documents.

How to check the credit card application status?

There are two ways to check your credit card status:

1. Online method

• Visit the official site of the bank. On the credit card online tracking tab, enter one of the following:

• Customer ID
• Registered mobile number
• PAN number
• Registered email ID
• Date of birth
• Once validated, your credit card application status will be displayed on the screen. The status could be one of these - In progress, Approved, Dispatched, On-hold, or Disapproved.
• Alternatively, you can access the official website and click on the email tab. Fill out these details and click Submit. The bank will revert to you within a couple of days.

2. Offline method
    
3. You can contact the 24/7 helpline number of the bank. This is a customer service number.

• Customer service representatives will assist you with tracking the status of your credit card.
• For verification, they will need your personal information like mobile number, email id, date of birth, and more.
• Upon verification, they will tell you your credit card status.

2. Alternatively, you can visit the nearest bank branch. There you can request assistance from a credit card representative. Be sure to carry your application reference number and other necessary details.
   
   Final thoughts

Nowadays, the market is filled with a range of credit cards. Therefore, make sure you do your research before choosing one. Many credit card providers offer discounts, rewards as well as an interest-free cash withdrawal facility. Customers will not only save big but can be sure their money is in safe hands. Furthermore, they offer easy online applications and quick approval processes.

Mithilesh Singh is a writer who specializes in writing content on Insurance and Finance subjects. He is a Digital Marketing Consultant, Blogger, and Co-Founder of Tech Preview .