Credit cards are an immense help since they help in making quick payments in a cashless method even during shortage of funds. This way, you do not have to be ready with cash in hand for purchasing what you need.
For this, you can opt for the Bajaj Finserv EMI Network Card online to make your payments in easy to pay instalments. Now, if you want to choose a credit card for the first time, do remember the following tips.
Tips for Choosing Your First Credit Card
Mentioned below are some essential tips one needs to be careful about while choosing their first credit card:
- Set a Budget
Before opting for a credit card, make sure that you pre-set a budget. Stick to a budget considering your affordability so that you can repay the dues within a specified time.
- Track Your Purchases
After setting a budget, track your purchases during the month by checking your credit transactions. By doing so, you can avoid overspending your credit and avoid credit card debt.
- Avoid Crossing the Credit Limit
While opting for a credit card, avoid using it too much once it crosses 50% of your credit limit. In this way, you can save yourself from unnecessary financial burden.
- Check Your Statement Periodically
After receiving the monthly statement of your credit transactions from your card issuer, check it thoroughly. If you find any discrepancy, report it at once to the card issuer to rectify it.
However, using a credit card has some drawbacks too. In general, a credit card enables you to purchase your products and services on credit, wherein you are offered the credit at higher interest rates. For this, you can opt for the Bajaj Finserv EMI network card. By using it, you will able to convert your expenses into reasonable EMIs and repay as per your convenience.
What is Bajaj Finserv EMI Card?
The Bajaj Finserv Network Card is a specialised EMI card designed to help you to buy your favourite products in simple instalments. This card features a pre-approved loan offer of up to Rs. 2 Lakhs. Furthermore, you will benefit from no-cost EMI so that you can pay your expenses comfortably. This card offers a flexible repayment tenure between 3 months and 24 months.
Eligibility Criteria for Bajaj Finserv EMI Card
Mentioned below are the eligibility criteria you need to meet while opting for a Bajaj Finserv EMI Card:
- The applicant should be an Indian citizen
- Age of the applicant must be between 21 years to 65 years
- The applicant needs to be salaried or self-employed and have a steady source of income
- Applicants should also have a savings account with any financial institution
After meeting all of these eligibility criteria, you have to provide the documents required to apply for this card.
Documents Required for Bajaj Finserv EMI Network Card
The documents required to apply for a Bajaj Finserv EMI Network are as follows:
- PAN card
- Aadhaar card
- Duly signed ECS mandate
- Cancelled cheque
After you meet the eligibility criteria and collect the necessary documents you can proceed to apply for this card online.
How to Get Bajaj Finserv EMI Card Online?
Wondering how to get Bajaj Finserv EMI Card online? Application for Bajaj Finserv EMI Network Card is simple and you can do it from the official website of Bajaj Finserv or via the mobile app. There are two different methods to apply for these cards, out of which the first one is for existing customers and the second is for new customers.
Mentioned below are the steps to apply for a Bajaj Finserv EMI Card for existing users:
Step 1: Visit the official website of Bajaj Finserv
Step 2: Enter your credentials for login
Step 3: Choose your profession, input your name, registered phone number, and date of birth
Step 4: Select ‘Check Your Offer’ option in order to see pre-approved offers on the Bajaj Finserv EMI Network Card
Step 5: Click on the link to proceed with your application
Step 6: Pay the displayed amount as a yearly fee
Step 7: After this, you will get a notification on your email ID or registered mobile number.
Now, if you are a new user follow these steps as stated below:
Step 1: Navigate to the official website of Bajaj Finserv
Step 2: Go to the ‘Bajaj Markets EMI Network Card’ page and tap on ‘Apply Now’
Step 3: Choose your profession, provide your registered mobile number, name, and date of birth
Step 4: After this, you will receive an OTP on your registered mobile number which you have to enter for verification
Step 5: After verification, insert your gender, full name, PIN code, email ID, and PAN on the page
Step 6: Select ‘Proceed’ to view your credit limit
Step 7: Select ‘Proceed’ once again to fetch the KYC screen
Step 8: Thoroughly check your KYC details
Step 9: Pay the displayed amount for the activation of your EMI Card
Step 10: Enter your bank details to end the e-mandate process
Step 11: Finally, select ‘Submit’ to start using your brand new Bajaj Finserv EMI Network card
From the above discussions you have understood the tips for choosing a credit card, but as previously mentioned that it has several drawbacks. Having a crystal-clear idea about the application process for the Bajaj Finserv Card online, its benefits and features will help you to get it and use it effortlessly, whether you are an existing user or a new one.
