Document’s required / needed for any “Credit Card”
Credit card can be termed as “fluid money” or “modern day money lending”. It gives one a hands free very easy / simple way for shopping without using any cash.
Credit card companies / firms work on a model of borrow-return. Whereas the buyer “borrows” money from the bank for his purchases, the bank demands the return. The credit card (master-card) companies thus offer / provide very easy, convenient & hassle free way of spending money, with-out actually having to spend it.
As a creditor needs to make sure that the borrower is “safe”, the regular security features are employed. The bank (credit card companies) provides a form to be stuffed / filled by the applier. The details such as the 1 given below, are requested:
In addition to this, one must needs to present the following documents to background verification:
Self Employed – Latest personal “income tax” returns & business card
(As per regulatory requirement relevant proof of residence)
These are required irrespective of the card type (gold / silver etc.) and the bank of which the credit card (master-card) is applied.
In addition to this, certain banks may require alternative / other documents such as Company I.D card.