Can I get a credit card without payslips?
You can still be approved for a credit card if you don’t have regular payslips to prove your income. Self-employed people and freelancers are an important and growing part of the credit card market.
Is payslip needed for credit card?
Yes, customers can apply for a credit card without submitting a salary slip. In its place they can submit Income Tax Return acknowledgement.
Is it safe to send salary slip for credit card?
There are many repercussions of submitting fraudulent salary slip and any type of fake document while applying for a credit card as follows: … Even banks can file a legal case for submitting such fake documents. A case under Sections 420, 465, 465, 467 and 471 of the IPC will be applied.
How many payslips do I need for a credit card?
Credit card application forms will likely ask for proof of income, which is usually the following: Full-time or part time employees need some of their most recent payslips (often two), or bank statements showing your most recent salary deposits.
Do credit card companies ask for proof of income?
A credit card issuer may request proof of income documents to verify your stated income. But a lender won’t typically call your employer or the IRS to verify your income. Proof of income documents may include, but aren’t limited to: Pay stubs.
Can I apply credit card without job?
Being unemployed doesn’t automatically disqualify you from getting a credit card. Credit card issuers are more interested in your income than your job. … You can meet the income requirement even without a job by including on your application any income you have access to. Even if your income comes up short, rest easy.
How can I get proof of income for a credit card?
If you’re in between jobs, this tactic is sure to be handy.
- Consider getting a secured credit card. Many issuers allow you to obtain a credit card by pledging a fixed deposit or bank account as collateral. …
- Get an add-on card. …
- Display a bank account with a generous balance. …
- Get a credit card jointly.
Can salary account apply for credit card?
Applicant should either be self-employed or salaried person. He should have a regular source of income. Salary is a crucial deciding factor for credit cards. Someone earning say Rs 50,000 per month is eligible for a different type of card than a person earning Rs 25,000 per month.
Is PAN card mandatory for credit card?
As mentioned above, PAN Card is a must for any loan or credit card application. Apart from that, proof of identity, address and income will be required. Following documents may be accepted by the banks and NBFCs.
How do banks verify payslips?
Some of our banks are getting really clever in the ways that they verify your income. Some of them can look at your bank statements to confirm the regular net salary that you are receiving. Others will accept a letter from your employer, your tax return or Notice of Assessment as sole proof of your income.
Is Form 16 mandatory for credit card?
Applicants have to provide the new Form 16 for the last 2 years when applying for a credit card. Form 16 acts as a proof of income and statement of income tax liability, which helps credit card issuers to assess the financial position of a customer.