It may seem a bit unique to hear that you can also get a credit card on the basis of your degree. Recently, this incident which came out on Reddit has surprised those who do not give credit cards on repeated applies. If the salary is low, then it is reduced to that according to that. While sharing the experience, a user said that despite being a salary slip, a private bank refused to give him a credit card, but later another bank gave him a credit card on the basis of degree.
A salary employee had a savings account in HDFC Bank. When his account changed into a salary account, he constantly started calling bank agents. On his advice, he applied for a credit card several times, gave pay-slip, completed the process to come home and get KYC done, but no reply was received every time. Finally, he got just a normal rejection email.
Credit card made like this again
After many attempts, he gave up. Then one day a promotional email from ICICI Bank came. This offer was not based on income, but for alumni of top colleges. He uploaded the degree of IIT Guwahati to try this offer and the surprising thing is that within two days his ICICI Saifiro Credit Card was approved. The limit of this credit card was Rs 3 lakh. This incident shows that now some banks are giving credit cards quickly as a reliable customer of good colleges.
Is this a new trend?
This news may seem a bit strange, but it indicates a new trend emerging in India’s banking sector. Now people studying in big and well-known institutions like IIT, IIM and ISB are being considered pre-defaulted for banks. For this reason, the approval of credit card becomes quick and easy for such people. This trend is especially beneficial for new professionals and freshers, who do not have a credit history, but their studies and institutes are considered more to earn future earnings.
You have to take care of these things
This offer seems to be an easy way to see, due to which the conditions like investigation of income are reduced, but it is important to pay attention to some important things. Professional card fees are more fees. Many expensive cards, such as Saphiro’s annual fees can be around ₹ 3,500. Read all the terms and conditions carefully before signing. Do not trust the sales agent with eyes closed. If someone starts coming home without telling KYC, then it can be suspicious. It is important to record every correct process and plan in advance. Educational pre-upuval does not mean good credit management. It can be easy to get the card, but spending timely payment and intelligence will make your credit score better.