Credit Card for a Housewife

A credit card for a housewife is a financial product designed for homemakers who do not have a source of income. This allows them to access credit and manage their expenses effectively. Most credit cards require proof of income, but housewives can obtain credit cards via other means, such as:

Add-on or Supplementary Credit Card

A housewife can get a secondary credit card linked to a primary one that belongs to their spouse or a family member.

Secured Credit Card

These types of credit cards require a fixed deposit to be pledged as collateral, making them accessible without the need for a steady source of income.

Credit Card Against Investment

Some banks may offer a credit card against financial assets such as savings, fixed deposits, or mutual fund holdings.

Prepaid Credit Card

These function like basic credit cards, where funds need to be loaded in advance.

 

These types of credit cards not only provide housewives with financial independence but also help them manage household expenses.

 

A credit card for a housewife is a financial product designed for homemakers who do not have a source of income. This allows them to access credit and manage their expenses effectively. Most credit cards require proof of income, but housewives can obtain credit cards via other means, such as:

Add-on or Supplementary Credit Card

A housewife can get a secondary credit card linked to a primary one that belongs to their spouse or a family member.

Secured Credit Card

These types of credit cards require a fixed deposit to be pledged as collateral, making them accessible without the need for a steady source of income.

Credit Card Against Investment

Some banks may offer a credit card against financial assets such as savings, fixed deposits, or mutual fund holdings.

Prepaid Credit Card

These function like basic credit cards, where funds need to be loaded in advance.

 

These types of credit cards not only provide housewives with financial independence but also help them manage household expenses.

Secured credit cards are a great option for housewives, allowing them to access credit by pledging a fixed deposit as collateral. Here is a list of secured credit cards along with their fixed deposit requirements:

Here are the key eligibility criteria you need to meet to apply for a credit card as a housewife:

• You must be at least 18 years old to apply for an add-on credit card

• You must be the spouse of the primary cardholder

• In the case of a secured credit card, the fixed deposit must be in your name

• You must be a resident of India with a valid proof of residence

A housewife can apply for a credit card through different options, such as a secured credit card or an add-on credit card. However, the required documentation may vary from one issuer to another but generally includes the following:

Identity Proof

• PAN Card

• Aadhaar Card

• Voter ID

• Driving Licence

• Passport

Address Proof

• Utility bill (electricity, water, gas, or telephone)

• Aadhaar Card

• Passport

• Rental agreement

Financial Proof

• Fixed deposit receipt

• Bank statements

• Income proof of spouse (for add-on cards linked to the spouse’s primary credit card)

• Proof of investment, such as mutual funds

Additional Documents

• Passport-sized photograph

• Signature verification proof, such as a bank passbook or a cancelled cheque

Housewives can apply for a credit card through different methods, based on their eligibility criteria and financial backing. Here are the steps to apply for a credit card:

1. Visit the primary cardholder’s issuer’s official website

2. Log in using the ‘Customer ID’ and ‘Password’

3. Navigate to the credit card section and select the existing credit card

4. Click on the add-on credit card option

5. Fill out the application form with the mandatory details of both the primary cardholder and the secondary applicant

6. Submit the required documents, such as identification proof, address proof, and a copy of the primary cardholder’s credit card statement

7. Submit the credit card application form

 

The issuer will verify the details and documents before approving the add-on credit card. Once approved, the credit card will be dispatched to the registered address and can then be activated for use.

 

Additionally, you can apply for a secured credit card by approaching an issuer and completing their application form with the required details.