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what are the general formalities to get a credit card?
In Credit Cards  -  Asked by iswarya -  6 years ago

Best Answer:
Before issuing credit card banks check the credit report and credit score of the applicant if the score is good and the report is also positive means you have not defaulted in repayment of loans or any credit card payments then bank issues the card. It also check your income statement as your credit limit and the card will be issued on this basis. Applying for a lot of credit cards in a short time. If you own a house. If you've ever filed for bankruptcy. If there has ever been a judgment against you for unpaid debts.
6 years ago - By Amit

Other Answers (2)
Answer 1.
My friend took a credit card but he defaulted in the payment of the card due to which his name is put in defaulter list though he has cleared the dues but bank has not updated his record and name is not removed. This is spoiling his image.
6 years ago - By Amit
Answer 2.
You should take credit card if you can mange your finances and spending because with credit card people have tendency to do over spending which leads them into debt and default the card payments in turn bank puts name in the defaulter list. Once name is put in defaulter list it becomes difficult to get it removed.
6 years ago - By Mohit
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