Credit Cards in Mysore

Credit Cards in Mysore

Mysore, located in the South Indian state of Karnataka, is the land of heritage, culture and wildlife noted for its heritage structures and palaces, including the Mysore Palace, and for the festivities that take place during the Dasara festival. It is during this period that the city receives many tourists from across the world.

Known for various forms of arts, culture, apparel and food, Mysore is one the most famous tourist attraction spots in India. A traveler wanting a date with culture, tradition, food and history has Mysore on his/her “to visit” list.

Mysore is home to leading banks, educational institutions and companies of international repute. In case you are looking to apply for a credit card in Mysore, you have reached the right place! Read On!

Credit Cards in Mysore: An Introduction

A credit card is usually a plastic card issued by a financial company like a bank that gives the card-holder an option to borrow funds at point of sale. Hence, a credit card is plastic money that is essentially borrowed. It comes with an approved credit limit (based on your salary and credit rating) that allows you to make purchases and pay back later, along with interest charges as accrued. It comes in handy for making various transactions, as opposed to carrying money. As long as you pay back the money you borrowed within the grace period, which is ideally the interest-free period, you don’t have to pay extra in the form of hefty interest charges.

There are different types of credit cards – lifestyle credit cards, rewards credit cards, cashback credit cards, fuel credit cards, shopping credit cards, business credit cards etc. Based on your need, repayment capacity, and existing loan obligations, lenders can approve a credit card in Mysore for you.

Key features of a Credit Card:

Benefits of a credit card

Build a credit history – Using a credit card to make your purchases allows you to build a positive credit history (provided you pay your dues consistently, every month) which will enable you to be eligible for larger loans (say, for example, a home loan) in the future.

Convenience – Credit Cards are very convenient in the sense that you don’t need to carry cash with you, especially in high level transactions. You just need to pull out your card, swipe it and the transaction is done.

Online Purchase – Credit Cards are a convenient method to buy things online. It is safe and secure.

Gives Rewards / Cash Back – Credit Cards give rewards for high usage such as airmiles, movie tickets, cashback and other merchandise. You generally get some points for the transactions done using a credit card. These points are accumulated and in the end, you can redeem these points for merchandise / vouchers of your choice.

Access cash in times of Emergency – In case of an emergency, where you are in urgent need of cash, you can take cash on credit card in Mysore. However, keep in mind that the interest rate for cash advances are very high.

Transactions made easier globally – Credit Cards can be used in foreign countries without the need to convert your money into foreign currency. Though this is not devoid of some cost, it is more convenient.

Eligibility for Credit Card in Mysore

Different credit cards have different eligibility requirements. Compare different eligibility requirements before applying for credit.

Not every individual is eligible credit cards. You need to be a salaried or self-employed professional, and be able to demonstrate a stable income. You also need to fulfil the age requirements.

You can easily check your eligibility online on the lender’s website. Most lenders have an eligibility calculator online. If you are found eligible, then you will be given a list of cards to choose from.

Documents Required for Credit Card in Mysore

Documentation is generally minimal. Following is an overview:

• 2 passport size photos and signature-bearing national identity cards
• Proof of address - Ration card, electricity bill etc. can be submitted
• PAN card, Form 16 and the Income Tax Returns Statement
• Proof of salary, employment / proof of business details
• Last 3 months salary statement.

How to find the Best Credit Card in Mysore?

Before selecting a credit card, it is advised that you do a credit card comparison and select the ones which fulfill all your requirements, this is one way of ensuring you get the best credit card offers in Mysore.

To find the best credit card services and best credit card deals, register now on CreditMantri.

Credit Card in Mysore – FAQS

Credit Card – Apply Online

You can check your eligibility and apply for a credit card by signing up with CreditMantri. It is quick, simple and above all, free.

CreditMantri matches your credit and demographic profile to the lender's lending criteria and presents you a shortlist of only those lenders willing to lend to you based on your unique credit profile. In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. Hence, the chances of your credit card application getting approved is higher.

Click here to sign up and apply for loans and credit cards ,the CreditMantri way!