Can you really get a credit card without a bank account? Here's the truth

A growing number of aspiring credit card applicants seek financial flexibility, use of use and smooth approval without necessarily linking their accounts to conventional banking. With the promotion of technology and the focus of government and related institutions on financial inclusion, this task has now become easier for applicants to effect. Applicants can secure credit cards, even without a bank account by understanding some basic points and applying them properly while submitting their credit card applications. Before a credit instrument, such as a new credit card or a personal loan product, must be, applicants must first understand the entire repayment process and product management. For this, even professional guidance can be taken. Look further as banks for map issuers Various independent financial institutions, NBFCs and Fintechs have begun to offer credit cards to applicants who specifically do not want to open a savings account. These credit cards, such as their banking, work seamlessly and offer similar services such as shopping, account payments and travel bookings, while also helping users to build solid credit history. Furthermore, individual credit card holders who have a strong credit history generally also have a good creditworthiness. Basic eligibility and key requirements must be applicants: at least 21 years old, so they can handle credit properly. It must show a constant flow of income and a fixed source of income, such as salaries or business income. Generally, the applicant must have a minimum credit rating of 750 or higher. The higher the score, the better the chance of approval. Essential documents such as PAN, Aadhaar, Photos, Utility Accounts for Address, Salary Strips or Bank and Income Tax States If self-conditions are needed to submit the credit card application correctly. Note: The basic suitability discussed above is illustrative. For updated terms and conditions, contact your respective financial institution, as the suitability criteria differ from one institution to another. 4 Steps to ensure a credit card Identify and shortlist issues: First, you must do proper research and caution on Fintechs, NBFCs or card offers and retail brand opportunities. Focus on credit card offers that do not require a bank account. The shortlisted reliable financial institutions that offer credit cards without the mandate of a bank account. Checking the card qualifying: Review the basic criteria for suitability, such as age, income requirements and accommodation criteria, carefully before submitting your application. Compile documentation: Compile all the essential documents required for the successful submission of the application effectively. KYC papers, income voyage, aadhaar details, photos, etc., all documents must be aligned and arranged in an orderly way. Submit your application: Visit the online portal of the issuer or closest designated branch as soon as the basic foundation is done. Submit your details and await verification. Some financial institutions offer immediate or almost immediate approval, subject to the applicant who meets basic criteria. Benefits of credit cards without an account There are several benefits to a credit card without an account: no requirement to maintain a minimum balance in your bank account. The payment of credit card accounts is possible via UPI, payment applications or over the counter. It can be ideal for gig workers, those who prefer cash, and applicants new to the credit ecosystem. Flexible refunds not linked to any bank, full -fledged rewards, repayments and the growth of credit rates. Finally, the application for a new credit card without a bank account is within reach for aspiring applicants. All they need is proper caution, deep research, a comparison of terms and professional guidance. Visit here for all personal finance updates. Disclaimer: Mint has a fusion with fintechs to give credit; You must share your information if you apply. These bonds do not affect our editorial content. This article only intends to educate and distribute awareness about credit needs such as loans, credit cards and credit values. Mint does not promote or encourage credit because it comes with risks such as high interest rates, hidden costs, etc. We advise investors to discuss with certified experts before taking credit.