How to Boost Your Approval Chances for Credit Card - Kredit Wala

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By revising and paying attention to some key
factors including credit score, income stability,
debt management, and card selection, you can
tremendously enhance your chances of credit card
approval in one shot.
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8 Tips For Maximizing Your Approval For A Credit
Card Kredit wala
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• Interpreting The Role Of Credit Card

According to the owner of Kredit wala, before
checking the credit card strategies, its
essential to understand the importance of credit
score in the process of credit card approval. In
India, TransUnion CIBIL, Experian, Equifax and
CRIF High Mark are the authorities which provide
a credit score. Lenders usually check these
scores to study an individuals credit
worthiness. Higher credit score signals lower
credit risk, making it more prominent for an
applicant to get approved.
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• Check And Improve Your Credit Score

Start with checking your credit score through one
of the credit bureaus. Target for a score above
750 to improve your chances of getting a credit
card approved. If your score is lower, try to
focus on improving your credit score first before
applying for a credit card. Factors which
positively determine credit score include paying
bills on time, avoiding multiple loan
applications, reducing outstanding debts.
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• Select the Right Credit Card

Not every credit card is equal. Before selecting
a credit card, you should know that a credit card
comes with different eligibility criterias.
Before applying, select a card which suits your
financial health. Some cards are designed for
individuals from higher income brackets whereas
some credit cards are designed for students or
applicants who carry a limited credit history.
To apply for kreditwala credit card, documents
include Aadhaar card, pan card, address proof
with a promised salary slip. With that,
Kreditwala owner serves as a financial partner
for various institutions like Yes Bank, Axis
Bank, IDFC First Bank, AU Small Finance Bank,
State Bank Of India. You can avail up to 20
discount for 1500 restaurants and for all your
entertainment purposes IDFC first bank has got
everything covered with 25 off on movie tickets
once a month.
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• Exhibit A Stable Income

Before handing over a credit card ensure if you
have a stable income profile or not, to repay
credit cards dues. When applying for a credit
card, be ready to provide salary slips, income
tax return, or salary certificate. With
consistent and healthy income streams, your
creditworthiness and eligibility chances for
credit card increases. Kredit wala, IDFC First
Bank credit card provides insurance protection
cover which comprises personal accident cover
accompanying lost card liability cover.
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• Keep A Healthy Debt-to-Income Ratio

Lenders conceive debt-to-income ratio as a proof
of handling additional credit responsibly. Aim to
retain your debt-to-income below 40. Which means
that your monthly debt payment doesnt cross 40
of your overall income. Lower the ratio goes,
higher will be your credit card approval chances
as this portrays responsible financial
management.
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• Manageable Existing Debts

Minimizing the current debt profile showcases
your commitment to financial responsibility.
Lenders approve credit card applications of those
users, who are way good at managing their
existing debt. So, try to write your outstanding
loans, credit card balance and other debts off
before applying for a new credit card.
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Submitting multiple credit card applications can
negatively impact your credit score, which makes
lenders skeptical. Be mindful in your approach,
apply for those credit cards which complement
your needs and financial capability. Every credit
enquiry leaves a mark on your credit report, and
an excess number of queries can point to
applicants financial instability. However,
benefits of Kredit wala IDFC First Bank credit
card include, lifetime free credit card
approvals, with flow to 6x reward on online
spend, 10x rewards on monthly spend, 10x rewards
on birthday spend, no expiry, shop using credit
points and much more.
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• Choose A Secured Credit Card

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