DBS Bank provides two credit cards designed for consumers from every category in partnership with Bajaj Finserv. These cards provide a variety of advantages, including cashback, reward points for purchases, retail discounts, access to special lifestyle offers, etc.
Depending on your application, you will be able to apply for a credit card given by the bank and perhaps receive an instant acceptance. The Bajaj Finserv DBS Bank 5X Rewards Credit Card and the Bajaj Finserv DBS Bank 5X Plus Rewards Credit Card are the two options available.
Benefits of DBS credit cards from Bajaj Finserv
The following are some advantages of applying for a credit card from Bajaj Finserv and DBS Bank:
- Get a welcome bonus of up to 2,000 cash points on your first purchase made within 60 days of receiving your card.
- With these cards, you may get 2 cashback points for every 200 rupees you spend.
- Earn 5X cash points if your expenditure goes beyond the milestone amount.
- On selected subscriptions, a cash point discount of up to 20% is offered.
- Waiver of gasoline fees at gas stations nationwide
Tips to Get Instant Approval on Your Bajaj Finserv DBS Credit Card
1. Ensure Your Credit Score Remains High
To be eligible for their credit cards, applicants must meet each card issuer’s minimum credit score requirement. For instance, you need to have a credit score of 720 or above to get approved for a Bajaj Finserv DBS Bank credit card.
A good credit score shows that you have handled your money wisely and paid all of your bills on time. A spotless payback history indicates to card companies that you are a low-risk candidate. As a result, they are more likely to accept your application.
Therefore, make sure that your score is excellent when applying for a Bajaj Finserv DBS Bank credit card if you want rapid approval. A good credit score ensures additional benefits, such as a bigger credit limit, in addition to quick acceptance.
2. Avoid Multiple Loans And High Credit Utilization
Your creditworthiness may suffer if you have many open loans or make numerous simultaneous loan applications. Multiple loan applications or loans might lower your credit score owing to hard queries, but they can also give the impression that you are a desperate borrower.
You are a high-risk borrower as a result of this. If there is a strong likelihood that the applicant would default, card issuers are often not overly enthused about granting an application. Additionally, reaching your credit limit might turn you into a high-risk borrower.
This is because it suggests you frequently require credit and do not have the best money management practices. For this reason, it’s often advised that you maintain your credit usage ratio below 30%.
3. Assess If You Meet The Criteria
It is wise to evaluate your compliance with the Bajaj Finserv DBS Bank credit card’s eligibility conditions. For instance, the lender demands that the applicants be Indian citizens between the ages of 21 and 70.
It’s important to only apply for the card if you satisfy all the requirements. The bank will probably reject your application if you don’t. Your credit score will only be further harmed by this. If you do, however, match the conditions, your chances of being approved can rise.
4. Keep The Required Documents Ready
You must provide specific papers when you apply for a credit card that is being given through a partnership between Bajaj Finserv and DBS Bank. For instance, completing the biometric screening procedure requires an Aadhaar card.
You might also need to include digital copies of your passport, marriage certificate, gazette certificate, and PAN card. Before applying, make sure you have soft copies of these papers available.
The bank won’t accept your credit card request if you don’t provide all the necessary documentation. If the submitted documents include a mistake or aren’t accurate, your application for a DBS Bank credit card may also be delayed.