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Different Types of Credit Cards in India

As of today, credit cards are critical tools that empower a person to acquire goods, and avail of services with the comfort of making payments for those purchases on another date. Banks and NBFCs issue credit cards with credit limits, and the holder has to repay the amount used inside the allotted credit limits in accordance with the agreed due dates. The financial institution decides terms and conditions of the credit extended in agreement with the cardholder.

From travel to shopping, to expenses for day-to-day life, and various other needs, credit cards are meant to buy now and pay back later. There are many types of credit cards; some are secured credit cards, some deal with rewards, some are specialty cards that deal with important day-to-day needs such as fuel. Even cash back credit cards, and co-branded cards are a segment offered by financial institutions. With the use of these cards, you can increase your credit score too. Below you will find a list of types of available credit cards.

Additional Documents Required for Salaried and Self-Employed Individuals

Duly Filled Application Form Passport-Size Photographs, Identity and Signature Proof, Passport. Pan Card, Driving License, Voter ID, Aadhar Card, Employee Identity Card in case of Government Employees
Address Proof Bank Statement, Rent Agreement, Voter ID, Ration Card, Passport, Bills, Telephone, Electricity, Water, Credit Card Bill, Property Tax
Photo Identity Proof/ Age Proof Voter ID, Secondary School Leaving Certificate, Birth Certificate, Passport, Aadhar Card, Pension Payment Order, Receipt of LIC Policy
Address Proof Rent Agreement, Ration card, Passport, Driving License, Electricity Bill, Property Tax Receipt, Water Bill, Telephone Bill, Credit Card Bill
Income Proof Salary Certificate, ITR, 2 years Form 16, Advance Income Tax Paid Challans, 3 years Assessment Orders, Registration of Business

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Credit Card Eligibility

Rk Loan Finance offers a selection of credit cards in association with Partner Banks and NBFCs to suit individual profiles based on requirements. Each partner financial institution issues credit cards based on eligibility criteria that differ. Here are the generic few of those prescribed criteria, which you need to fulfil before issuing your choice of credit card

Generic eligibility criteria to avail a Credit card

  • Citizen of India
  • Good history of savings
  • Professional Stability
  • Above 21 years
  • Existing and Active Savings Account
  • Strong Credit or Credit Score

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Now apply for a Car Loan online, All you need to do is provide your details below application form.


    • Interest Rate: 9.15% onwards*
    • Initial Processing Fees of Rs. 3000 + GST I IPF applicable for fresh Home Loan cases
    • Tenure upto 30 Years
    Here’s an example:

    Loan Amount Rs. 35 Lakhs, Tenure: 30 Years, Interest Rate: 9.15%, equates to EMI: 28,540/-
    *Terms & Conditions Apply