Credit Card: Can you get a credit card without a bank account? Most people don't know this..

In today's digital age, credit cards are not just a means of payment; they also help build your credit score and financial profile. But did you know that it's now possible to get a credit card without opening a bank account? Yes, this is now possible because NBFCs and fintech companies are offering convenient options that don't require a bank account.

These cards come with digital payments, easy repayment, and EMI options. They also help you improve your credit score and make it easier to obtain larger loans or other credit in the future.

NBFCs and fintechs offer these features.
Some NBFCs and fintech platforms, such as Slice, LazyPay, Simpl, and prepaid/store cards, offer credit card-like features without a bank account.

Slice Card works like a digital credit card and requires only a PAN, Aadhaar, and mobile number. The limit typically ranges from ₹5,000 to ₹50,000.

LazyPay is a Buy Now Pay Later service that doesn't require a bank account and can offer a credit limit of ₹10,000 to ₹50,000.

Simple offers a digital credit line, allowing instant payments for online shopping, with limits ranging from ₹5,000 to ₹40,000.

Prepaid/Store Cards like Amazon Pay or Flipkart Pay Later can be used without a bank account. Limits range from ₹2,000 to ₹25,000.

Some banks also offer Secured Credit Cards based on FDs, which are used to create your deposit limit.

Advantages of a Credit Card Without a Bank Account
The biggest advantage is that you don't have to worry about maintaining a minimum balance in your bank account. You can pay your bills directly through UPI, PhonePe, Paytm, Google Pay, or any other digital platform. These cards are perfect for those who aren't yet connected to a bank, such as new graduates, freelancers, or gig workers.

You can also pay your bills in installments and earn cashback or reward points on purchases. Paying your bills on time strengthens your credit score, making it easier to obtain larger loans or another credit card in the future.

Cards without a bank account aren't as convenient as regular credit cards; they have lower limits and may be difficult to use at some offline stores.

Who can get a credit card without a bank account?
Credit card applicants must be at least 21 years old and have a stable source of income. They must also have a good credit score. Required documents include a PAN card, Aadhaar card, passport-size photo, address proof (electricity/water bill), and income proof (salary slip or income tax return).

Getting a credit card without a bank account is now easy.
Getting a credit card without a bank account is now easy and possible. All it takes is the right information, documents, and a little research. Fintech and NBFC companies are now offering credit cards in a smart way, unlike banks. These cards are ideal for new graduates, freelancers, gig workers, and those new to the banking system. You can experience digital payments, pay your bills on time, and improve your credit score.

This way, you can take advantage of credit card benefits without opening a bank account and strengthen your financial future.

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