How to Improve Your Chances of Credit Card Approval

In case youve been thinking about how to get a credit card and do not know where to begin, youre not the only one. Whether youre trying to build your credit history or trying to manage your finances in a better way, getting approved for a credit card can sometimes feel confusing. The good news is that, as complicated as it may sound, if you follow the right steps, you can improve your chances of approval and set yourself up for success.

Follow these simple steps for a smooth and hassle-free application process:

• Review Your Credit Score

Before applying for a credit card, the first thing you need to do is check your credit score. This number tells banks how responsible you have been with previous loans or credit cards. If your score is high (750 and above), approval will be easier. If it is low, dont worry! You can improve your credit over time by paying off credit card bills on existing cards and clearing off loans.

You can check your credit score for free on CIBILs official page and websites like Bajaj Finserv, Paisabazaar, and Moneyview. Some banks even offer it through their mobile banking app.

• Clear Off Past Debts

Before you apply, pay off as much of your current debt as you can. If you have loans or other credit cards, lenders assess how much of that youre using. If your balances are high, youll likely not be approved for a new credit card.

Keep your credit card balances low. This helps both - your score and your approval odds. If youre already using a card, you must know how to check credit card balance through the banks mobile app or their website.

• Choose the Right Card

One common mistake when figuring out how to get a credit card is applying for cards that dont match your credit profile. If you have a low score or are new to credit, go for beginner-friendly cards, like those with low credit limits or student cards.

You can also consider a secured credit card backed by a fixed deposit (FD), where your credit limit is based on the deposit amount, which serves as collateral. These are easier to get and help you build a good credit history. If you have a decent credit history, you may qualify for better cards that offer premium perks and higher cashback.

• Show Proof of Stable Income

When applying for a loan, the bank is interested in knowing your capacity to repay the loan based on factors like your income. They look into your ability to repay the money lent. If you make money as a student or work part-time, you should disclose the same, no matter how much it is.

If you have additional income from a side job or assistance from relatives, that needs to be stated as well. Its not just about how much you make; its about showing you have a regular income and are responsible with it.

• Provide Accurate Information

When filling out the application, ensure everything you write is correct. Double-check your income, address, and personal info. Mistakes can slow down the process or even lead to a rejection. Take a few extra minutes to review everything before you hit submit.

• Avoid Multiple Applications - One Card at a Time

It may be tempting to apply for a number of cards and hope one gets approved, but this can hurt your chances. Every time you apply, your credit report is checked, which can bring your score down. Too many checks in a short time looks risky to lenders. Instead, take your time and apply for one card that fits your profile.

Once you get your card, managing it well will help to build trust with the bank and ensure a good credit score. Thats where having a simple, easy-to-use credit card app helps. Being able to check your balance quickly, pay your bills on time, and keep track of your spending can make all the difference. Regularly monitoring your credit card balance is one of the best habits you can build as it:

• Keeps your finances in control

• Helps you avoid overspending

For example, some cards come with apps designed to give you a full picture of your money at a glance. For instance, the One Credit Card. It comes with the OneCard App; its clean, simple, and actually enjoyable to use. Instead of digging through confusing menus, you get a clear view of your balance, spending history, and even your rewards, all in real time.

Speaking of rewards, this card give you more than just convenience. With the One Credit Card, you earn 5X rewards on your top two spending categories each month. That means more value every time you spend without having to worry about tracking rotating offers and chasing partner brands. All these rewards and app features come with zero annual fees, making the experience more rewarding.

Plus, you can apply for the One Credit Card through the OneCard App and get a virtual card as soon as you get approved, so you can start spending right away. Apply now to make your credit journey smoother from day one.