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Old Jan 29, 15, 2:04 am   #1
Join Date: Jan 2015
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How to get a credit card? Why getting a credit card is so tough? [in India]

How to get a credit card? Why getting a credit card is so tough? Why debit card is not accepted anywhere online?

If we should really start using a credit card, then why it is too hard to get a credit card?
Why you have to struggle too much to become eligible to get a credit card?
Why credit card providers don't want to provide a credit card to anyone so easily?
I want to share my personal painful experience about to get a credit card.

You can't believe that I am trying to get a single credit card for 1 and half year.And still I have no credit cards. It is very frustrating and painful. Where I have 6 debit card but I haven't any credit card.
Because getting a debit card is so easy. Everyone providing you a debit card. They don't want any additional documents or activities to provide a debit card.
But comparing to that getting a credit card is too much tough. You have to be eligible to get it. They ask lots of documents like IT file, Insurance policy (if any), residential proof, telephone land line documents and the list is goes on goes on goes. Not only that they want to show if you have big amount of balance in your bank account. Not only that you have to maintain a good money transaction to your bank account for at least 6 month or more. Then they will calculate your all transactions amount and get an average and they will decide you are eligible or not to get a credit card and lots of factors behind the scene. After 1 and half year I am still not eligible for that.

Shame on the system. Where in today's life eMoney is the first choice of people, at least for online money transaction. There is a very big difficulty to get a credit card.
Please tell me how can I use a credit card where I don't have a credit card ?
Use of a credit card is not the problem, getting a credit card is the initial problem.

On the other hand why all online payment, why all merchant sites, all online shopping stores like amazon, ebay and why all online money transfer service like paypal, payza don't accept debit cards where everyone have a debit card? Why they always ask for a credit cards where everyone don't have a credit cards? Why they only accept credit cards where a little amount of people have credit card?
If they don't want to give credit cards everyone then why they don't accept debit cards?

In that way they are just ignoring a big amounts of consumers. Because lot's of online customers have at least 5 to 10 debit cards but don't have a single credit card. So when a customer just decide to purchase a product or service online from Amazon, ebay or similar other sites using his/her debit cards, unfortunately they can not able to make any purchase. And they get a negative experience about online shopping. This is foolishness.They are making a big mistake. Those online shopping stores just missing a lots of sales because of not accepting debit cards on their payment methods.

I have no idea about the rest of the world. I am from India and I am talking about India. India is a vast country with over 1.2 billion people. Where the entire world has total 7 billion population, India has 1.2 billion. India is the 2nd largest populated country in the world (after China). It is a huge market place. If entrepreneurs, business owners and marketers are ignoring Indian market not allowing debit cards on payment, then they are just losing a lots of consumers. Because I think now a days in India over 90% people have debit cards, But only a few people like 5 to 6 % have credit cards.

This is not only my problem, but also millions of people's problem like me.
In India lots of people are not familiar with Credit Card. Lots of average people don't know what credit card actually is, even they have multiple debit cards in their pocket.

As an example I need to purchase a new website domain and a web hosting service for my online business site. But I could not able to make the payment because I don't have a credit card.
Purchasing a domain is not a big deal, it's very cheap. But I can't because of a single credit card.
I have enough money in my bank account but I am not able to spend a single dime online because I don't have a credit card.
What a rubbish, nasty and disgusting system. Why I can't make a payment from my debit card?

There are two solution:-
1. If getting a credit card is too tough, then everyone should have accept debit card payment method.
2. If they don't want to accept debit card on their payment methods, then the process of getting a credit card should be much easier.

Please think about it from my point of view.
Thank you.
KARahaman is offline   Reply With Quote
Old Jan 29, 15, 11:51 am   #2
Join Date: May 2013
Location: Austin, TX
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In the US, Getting a credit card is as easy as it gets as far as dealing with financial institutions. You just need proof of residency (shouldn't be hard to get, I mean you love some place already -doesn't have to be your own place), your SSN and employment/student status. Note you don't even need a credit history. You can still get a credit card.

So do your research. If you haven't gotten a credit card and you've tried for over a year and a half as you say, you are probably doing something wrong.

If you just want to be able to buy stuff online, go buy gift cards at Walmart.

In Mexico, where credit cards are expensive and most people don't have one, you can pay most of online stuff at convenience stores. Stop whining and go work on something that solves the problem instead of expecting others to solve it.
mbece is offline   Reply With Quote
Old Jan 29, 15, 11:59 am   #3
Join Date: Nov 2014
Location: New York
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I recommend going to several reputable banks in India that issue credit cards. Speak with an appropriate employee at each bank. Ask about the application process, as well as the benefits of the credit cards that are offered. Be polite and patient. You may be told things that you believe are not fair, but each bank has its own way of doing business. Once you get an understanding about what they require, you'll be in a better position to make a decision.
NYCRuss is offline   Reply With Quote
Old Jan 29, 15, 5:09 pm   #4
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Join Date: Jul 2011
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If you have a debit card from an Indian bank that says "Mastercard" or "Visa" on it, then it will work just like a credit card on any website, including Amazon or eBay. If your bank does not provide this, then obtain a debit card from a different bank.

This is a bit confusing because American websites use the word "credit" and "debit" differently. Even if a US-based website says it only accepts credit cards, it will accept a debit card that is on the Visa or Mastercard system.
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