1st ever credit card - chances of approval without income documents.

[shivkumar]

A friend of mine wants to apply for his first ever credit card.. he files income tax return.. I wanted to ask what are the chances of his AMEX application getting approved without income documents.. has anyone here on similar boat got the AMEX card..

 

[dealminer]

Amex needs a credit history with no default payment.

So it'll be rejected ig. Take expert opinion on this.

 

[shivkumar]

Amex needs a credit history with no default payment.

So it'll be rejected ig. Take expert opinion on this.

do they fetch the credit card history through CIBIL.. because while applying online no previous credit card details are asked..

 

[varun__goel_]

do they fetch the credit card history through CIBIL.. because while applying online no previous credit card details are asked..

Yes
Amex won't approve without cibil history

Getting approved for 1st card is difficult

Best option is to procure card via pre approved method.
Or get a FD card

 

[coolguy1]

Some friends of mine have gotten Amex as their first card.

But if the CIBIL is low or non-existent then that's a red flag and shouldn't be applied for.
Rest depends on the credit profile of the user.

 

[rajcasio]

In my experience GOLD LOANS(public bank) are the easy way to build up CIBIL score. I did it that way.
YES...we need GOLD to pledge 🤪 🤪 🤪

 

[ashwinsid]

My friend works for an MNC and salary package is 40LPA. He has a HDFC regalia card since ages. Has taken car loan and repaid promptly.

He applied for an Amex platinum travel through my referral and it was rejected. CIBIL history was the reason given. He checked CIBIL and score is non-existent! He is quite flabbergasted now, how there is no CIBIL score even though he uses credit card & has paid loans.

 

[asm07]

My friend works for an MNC and salary package is 40LPA. He has a HDFC regalia card since ages. Has taken car loan and repaid promptly.

He applied for an Amex platinum travel through my referral and it was rejected. CIBIL history was the reason given. He checked CIBIL and score is non-existent! He is quite flabbergasted now, how there is no CIBIL score even though he uses credit card & has paid loans.

It happened with a friend of mine too. I had Flipkart pay later during college days and CIBIL as well. But a friend who had Flipkart and Amazon pay later didn't have any cibil history. Then he created an cibil account and surprisingly cibil started generating report with correct credit age.