Steps to Get Your First Credit Card

Getting your first credit card is a key milestone. More than just a card, it helps you build your credit history and achieve financial independence. The process can seem daunting if you are wondering how can i get a credit card and are concerned about credit card fees.

Why Does Your First Credit Card Matter?

Your first credit card marks the beginning of your financial journey. Issuers consider your credit history and score to check whether they can trust you with bigger loans, premium cards, or even jobs.

Smart usage of cards can boost your score, build effective money habits, and help you earn rewards like cashback. But if misused, it can lead to debt and harm your credit. Thats why its important to understand the process, fees, and how to manage your card well. The steps below can help you get started the right way and improve your chances of approval.

Step 1: Check Your Eligibility

Before applying for a credit card, its important to understand if you meet the basic requirements, including:

• Being at least 18 years old (some cards may require you to be 21)

• Having a steady income or the ability to repay dues

• Providing valid ID and proof of address

• Having a good credit score (though some cards are beginner-friendly)

If youre starting out, student or entry-level credit cards can be a great choice. They often have easier approval processes and lower credit limits, making them ideal for building credit.

Step 2: Find a Card That Fits Your Requirements

Once youve confirmed your eligibility, the next step is choosing the right credit card fee. This becomes much easier when you understand what each card type offers:

For a beginner-friendly option with no hidden fees, consider the One Credit Card; it keeps things simple while offering valuable benefits.

Step 3: Understand and Compare Important Card Features

Before choosing a card, compare the card features to find the one that best matches your spending habits and financial goals:

• Interest Rates (APR): Select a card with lower rates to save you money when you have a balance

• Credit Limit: Choose a card with a credit limit that meets your needs without encouraging overspending

• Credit Card Fees: Choose a card with no annual fees; however, the other fees will still be applicable

• Rewards and Perks: Choose a card with perks to match your lifestyle and ensure there are no redemption fees

Step 4: Prepare Your Documents

After choosing the right card, the next step is to organise your documents, which are:

• Identity Proof: Aadhaar card or passport

• Address Proof: Utility bills or rent receipts

• Income Proof: Salary slips or recent bank statements

• PAN Card: This is mandatory for all credit card applications in India

Step 5: Activate Your Card After Getting Approval

The card issuer will review your documents and credit history, which can take anywhere from a few days to several weeks to complete. Once your credit card is approved and delivered, be sure to activate it immediately to start using it.

Step 6: Learn About Fees: What Your Credit Card Will Charge

After you receive the credit card, read the fine print carefully to know the different charges associated with your credit card. This will help you avoid surprises and manage your finances better. Some common charges to know about are:

• Annual Fees

• Interest Charges

• Late Payment Fees

• Cash Withdrawal Fees

• Foreign Transaction Fees

Step 7: Manage Your Credit Card Responsibly

Using your credit card wisely helps you build a strong credit score, avoid debt, and unlock better financial opportunities in the future. You can do this by:

• Paying your bills on time to avoid interest charges and boost your credit profile

• Spending within your budget and not maxing out your credit limit

• Reviewing your statements carefully for any errors or fraud

• Avoiding cash withdrawals unless necessary

Building these good habits now will make it easier to get approved for premium cards with better limits in future. If you want a beginner-friendly card with no annual fees, the One Credit Card is a strong choice. This card lets you earn 5X rewards every month on your top two spending categories. The OneCard App helps you:

Easily manage your card
Instantly redeem your rewards
Track your spending with the Spends Planner

It offers both a physical card for POS transactions and a virtual card for online expenses. It also provides features like OneCash for personal loans and OneTrips to plan travel expenses confidently. Apply today to make this stylish metal card a part of your wallet.