Instant Credit Card Approval: In today’s fast-paced world, everyone desires to get their unsecured credit card instantly approved. While there are 20 to 25 popular credit cards in the market, not all approvals are straightforward. Applying blindly to any credit card might not always result in approval. Some credit cards have a higher approval rate at certain times, and this June, there are five such cards you should consider applying for to increase your chances of approval.
List of Cards with Instant Credit Card Approval
1. ICICI Bank HPCL Coral Credit Card
The ICICI Bank HPCL Coral Credit Card, available in two variants – Power and Power Plus, has seen a surge in approvals in the past three months. This card, issued in collaboration with Hindustan Petroleum, offers significant benefits on fuel purchases, grocery shopping, and utility bill payments. The card charges are as follows:
- Power Variant: ₹99 plus GST annually, offering up to 5% cashback on fuel purchases and significant savings on groceries and utility bills.
- Power Plus Variant: ₹499 plus GST annually, offering up to 6.5% savings on fuel purchases, 5% cashback on utility bills and groceries, and 5% savings on ICICI Fastag recharges.
Both variants support UPI transactions and offer instant approval based on your CIBIL score and video KYC, especially if you already have an account with ICICI Bank.
2. SBI Credit Cards
SBI offers three high-approval credit cards that are worth considering:
- SBI SimplySAVE Credit Card: Designed for online spending.
- SBI IRCTC Credit Card: Ideal for frequent train travelers.
- SBI BPCL Credit Card: Perfect for those who spend significantly on fuel.
All these cards are issued in the RuPay variant, supporting UPI transactions. Existing SBI cardholders can easily apply for these without additional verification, and even new applicants have a high chance of approval based on their CIBIL score.
Apply for SBI Cashback Credit Card
3. HDFC Bank Credit Cards
HDFC Bank aims to compete with ICICI Bank by issuing a large number of credit cards. The approval of these cards depends on your profile, CIBIL score, and other factors. You can apply for these cards through this link, fill in basic details, and get approval based on your CIBIL score. For existing HDFC Bank account holders, the approval process is swift, often within 24 hours.
4. PNB Credit Card
PNB credit cards require an Income Tax Return (ITR) or salary slip for approval. If you have an ITR, you can apply for a PNB credit card. Even if you don’t have an ITR, you can get assistance in filing one quickly, which can also be used to increase your credit card limit or apply for other cards.
To file your ITR you can directly contact on 8800290020 for assistance.
5. Axis Bank Credit Cards
Axis Bank has been offering lifetime free credit cards for a long time. Their new credit cards have a high approval rate. Apply for Axis Bank Credit Card Here.
Conclusion
June is a great time to apply for a new credit card, with several high-approval options available. Whether you are looking for benefits on fuel, groceries, or online spending, there’s a card for you. Ensure you have a good CIBIL score and, if possible, an existing relationship with the issuing bank to increase your chances of instant approval. Happy spending!
FAQs on Credit Cards
Credit Card Kaise Banaye?
Credit card banane ke liye, aapko kuch basic steps follow karne padenge. Sabse pehle, ek achhi CIBIL score maintain karein. Phir, apni financial profile ke hisaab se sahi credit card choose karein. Yadi aapke pass pehle se hi kisi bank ka account hai, to vahan apply karna aur bhi asaan ho jata hai.
Aapko apply karte waqt kuch documents submit karne hote hain jaise ki:
Identity proof (Aadhaar Card, PAN Card)
Address proof (Aadhaar Card, Utility Bills)
Income proof (Salary Slip, ITR)
Kuch banks instant approval aur video KYC ke zariye card issue karte hain. Agar aapko pehle se koi credit card nahi mila hai, to secured credit card ke liye bhi apply kar sakte hain, jo fixed deposit ke against issue kiya jata hai.
Ek baar application submit karne ke baad, aapko bank se verification call aayega. Verification complete hone ke baad, card dispatch kiya jata hai aur aapko within 7-10 din me mil jata hai. Aap online apply karne ke liye apne preferred bank ki website visit kar sakte hain.
What is a CIBIL Score and Why is it Important?
A CIBIL score is a three-digit numeric summary of your credit history and a reflection of your credit profile. It ranges from 300 to 900, with a higher score indicating better creditworthiness. Banks and financial institutions use your CIBIL score to assess your credit risk before approving your credit card application. A good CIBIL score (usually above 750) can significantly increase your chances of getting approved for a credit card.
How Can I Improve My Chances of Credit Card Approval?
To improve your chances of credit card approval, ensure you have a good CIBIL score, ideally above 750. Pay your bills on time, maintain a low credit utilization ratio, and avoid applying for multiple credit cards in a short period. If you have a banking relationship with the issuer, it can also increase your chances. Submitting accurate and complete documentation during the application process is crucial.
What Should I Do if My Credit Card Application is Rejected?
If your credit card application is rejected, review the reason for rejection, which is usually communicated by the issuer. Common reasons include a low CIBIL score, insufficient income, or incomplete documentation. Work on improving your credit score, ensure all required documents are accurate and complete, and consider reapplying after addressing the issues. Alternatively, you can apply for a secured credit card, which is easier to obtain and can help build your credit history.
