Shopping on credit has become a convenient option for consumers in today’s world. People prefer to purchase products online rather than visiting physical stores due to the convenience and ease of access. Many companies now offer credit cards that allow people to shop online easily and conveniently with attractive deals and offers. One such popular and reliable option is the Bajaj Finserv Card.
The Bajaj Finserv Card is a type of credit card that allows consumers to make purchases on credit and repay the amount later, in installments. With this card, you can purchase different types of goods and services, including electronics, clothing, furniture, travel, and healthcare services. The card comes with a lot of additional benefits for customers such as cashback and reward points, making it a popular choice among consumers.
Applying for the Bajaj Finserv Card is a simple process that can be done online. However, before applying for the card, it’s important to understand the eligibility criteria. This article will help you understand the eligibility criteria for the Bajaj Finserv Card and explain how you can apply for it online. Before doing so, let’s first understand the benefits of the Bajaj Finserv Card for online shopping.
Benefits of the Bajaj Finserv Card for Online Shopping
1. Easy EMI options:
One of the significant benefits of the Bajaj Finserv Card is that it offers customers a flexible payment option. The card provides easy EMI options to the customer, which enables the customer to purchase high-value products and services without having to pay the entire amount upfront.
2. No-cost EMI:
The Bajaj Finserv Card comes with a no-cost EMI feature, which allows the customer to pay the EMIs without any additional charges. This feature makes it ideal for customers who want to buy expensive products on loan, without worrying about the high-interest rates.
3. Attractive discounts:
The Bajaj Finserv Card also offers exclusive discounts and cashback on purchases made online. Customers can avail of discounts on various products and services ranging from electronics to fashion. The card is also beneficial for travel bookings, where customers can enjoy discounts on flights and hotels.
4. Reward points:
Another attractive feature of the Bajaj Finserv Card is that it offers reward points to the customer on every purchase. These points can be redeemed later for various items such as vouchers, gift cards, and other products. The cardholders can also earn accelerated rewards points on certain categories of the purchase, making it even more advantageous.
Understanding Eligibility for Bajaj Finserv Card
1. Age and Citizenship:
The primary eligibility criterion for the Bajaj Finserv Card is that the applicant must be an Indian citizen and above 18 years of age.
2. Income:
The applicant must have a stable income source, with a minimum salary of INR 35,000 per month.
3. Credit Score:
The credit score of the applicant is a significant consideration while applying for the Bajaj Finserv Card. The credit score reflects the creditworthiness of the applicant and ranges from 300 to 900. A credit score above 750 is considered good, which increases the chances of getting approved for the credit card.
4. Employment:
The applicant must be employed with a stable job or be a self-employed individual. The applicant will have to provide the necessary documents to prove their employment status.
5. KYC Documents:
The applicant must provide a copy of their Know Your Customer (KYC) documents, which includes identity proof, address proof, and PAN card. The address proof can be any document from the recent past, such as a utility bill or bank statement, etc.
How to Apply for Bajaj Finserv Card Online?
1. Visit the Bajaj Finserv website:
Bajaj Finserv has a dedicated website for applying online for the Bajaj Finserv Card. The website is easy to navigate, and the user interface is user-friendly.
2. Check eligibility:
The first step to apply online for the Bajaj Finserv Card is to check if you are eligible for the card. You can do this by entering your basic details such as name, phone number, and email ID. The system will run a check on your eligibility based on the information provided.
3. Choose the card:
Once you pass the eligibility criteria, the website will show you the different types of Bajaj Finserv Cards. You can choose the card that you want to apply for.
4. Fill the application form:
The next step is to fill in the application form with your personal and professional details. You will have to provide your name, address, employer details, etc., in the application form. Make sure to fill in the correct details to avoid any issues later on.
5. Submit the documents:
After filling in the application form, you will have to upload the required KYC documents. It is essential to upload the correct documents to avoid any delays in the approval process.
6. Verification:
Once you have provided all the necessary details and documents, the company will verify your details. This process may take some time, and you will need to wait for the company to complete the verification process.
7. Approval:
If all the details and documents provided are correct, the company will approve your application. You will receive a notification of your approval, and the card will be sent to your address.
In conclusion, the Bajaj Finserv Card is an excellent option for consumers who want to shop online hassle-free. The card comes with several benefits such as easy EMI options, no-cost EMI, and exclusive discounts. The eligibility criteria for the card include age, citizenship, income, employment, and credit score. Applying for the Bajaj Finserv Card is simple as it can be done online. With this card, you can shop online confidently, making payments through the EMIs, and enjoying a host of other benefits.