0 hidden charges. 0 forex

How To Apply for Credit Card Online & Get Instant Approval?

Reviewed by
Created on
March 27, 2023


What’s Inside

Have you ever found yourself in a situation where you need a credit card urgently, but traditional cards take 10-15 days to arrive after approval? It can be a real hassle, especially if you're trying to take advantage of a limited-time offer.

That's where instant credit cards come in! They work like virtual cards and can be used within minutes or hours of being approved by your bank. But, you might be wondering, is the application process for instant credit cards similar to that of traditional ones? Let's dive in and find out!

Choosing the Right Credit Card for Your Needs

Different types of credit cards are available in the market, and the ideal one for you depends on the nature of your expense. The following are some of the most popular credit card types, along with their benefits:

  • Cashback cards: provide cash back on purchases
  • Entertainment cards: offer discounts on movies, dining, and lifestyle expenses
  • Travel cards: help you accumulate credits for cash back or airline miles
  • Business cards: streamline your company's expenses
  • Co-branded cards: offer rewards and discounts from partner brands

Steps to Apply for a Credit Card Online

Step 1: Visit your Bank’s Website

Indian banks have a credit card page where you can find different cards. Some banks may have age or salary requirements. Check the page or ask a nearby branch to confirm your eligibility.

Step 2: Complete the Application Form and Online KYC

The main advantage of applying for an instant credit card online is the absence of physical paperwork. Banks typically require basic information, such as Aadhar and PAN details, email address, phone number, and proof of residence (if not updated in Aadhar card).

A video KYC process is then used to verify your identity. If you are already a customer, your details will be checked internally, and you may be approved instantly.

Step 3: Activate your Virtual Credit Card

Upon approval of your application, many banks offer a virtual credit card which can be used immediately for urgent expenses, instead of waiting for the physical card to arrive by mail.

Get a Credit Card that's made for you!

If you're looking for a credit card that gives you the best bang for your buck, the Fi-Federal co-branded credit card is what you need. With this card, you're assured of a 2% valueback through rewards. But that's not all, as you'll also get 5x on your top 3 brands, 2x on all partner brands listed in the Fi Catalogue (including Amazon, Netflix, etc.) and 1x on everything else, including rent and fuel. What's unique is that you earn points through Fi-Coins. For travellers, the perks are even better, as you can convert your Fi-Coins to airline miles or cashback.

But that's just the tip of the iceberg: you'll also enjoy airport lounge access, 1% forex, the freedom to choose your billing cycle, and personalised reminders. With consolidated spend insights, you can easily track your spending and make informed financial decisions. Oh, and the welcome offer includes exclusive vouchers from top brands worth ₹5,000!

Summing Up

If you have a good credit score (above 750 or so), you can get an instant credit card. But remember, credit card spending can be tricky to manage, so it's important to evaluate the card's rewards, terms, and other factors before applying. And always use credit responsibly - never overspend!

Frequently Asked Questions

1. I already have a credit card. Can I apply for another one?

Yes. But remember - while having multiple credit cards could possibly boost your credit score, it's important to be cautious and manage your spending responsibly to avoid overspending and accumulating debt.

2. Which bank provides credit cards instantly?

Almost all major banks and NBFCs offer instant credit cards, including us at Fi Money. Some of these banks include HDFC, Axis Bank, ICICI, and Federal Bank (Fi Money's banking partner).

3. What to know before applying for a credit card?

Check your credit score, understand the card's terms, fees, and rewards, and evaluate your financial situation to ensure responsible use.

4. Can I get a credit card without a salary?

Yes, you can, but it's often easier to get one with a regular source of income. You might qualify for a secured credit card or one with a lower credit limit.

5. First step in getting a credit card?

Assess your credit score and financial situation to determine the type of credit card that suits your needs, and then compare and apply for one that matches your criteria.


Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
Share this article
Copied Link!
Credit Cards
How To Apply for Credit Card Online & Get Instant Approval?


View similar articles in
Credit Cards
Get the Fi app