Advice for self employed ( servant)

[unusedbrain1]

By grace of me he somehow got Flipkart axis cc(15k) limit .
He works & get Salary in cash from us .
If he pays his ITR around 5lakh .
Where can he apply to get cc ? And if he /anyone files ITR . As self employed .does it Shows on Pan card/ Cibil report . (Employment detail section) .
Or Thats only sent by bank in case of any loan applied showing that income

 

[AritraSaha]

self employed got nothing to do with rejection. if you are really self employed and then you must have GST and then build then business or service and no most bank won't say no.. expect SCB to issue you with CC until your ITR is 36 lakhs or above then even SCB will issue you with CC. 🤣

All this employees thing smells kinda fishy....🙃

 

[unusedbrain1]

If he pays his ITR around 5lakh .
income under 5 lakhs you would just filing this ITR.. and you won't have anything to the income tax.

Where can he apply to get cc ? And if he /anyone files ITR . As self employed .does it Shows on Pan card/ Cibil report . (Employment detail section) .
Or Thats only sent by bank in case of any loan applied showing that income

he can another cc only if you apply after 1 year or so.. and do use this cc.. keep it under 30% and as self employed file filing ITR it will shown in Acknowledgement Number from that Pancard will also match and for Self Employement you need GST then only Bank will give Higher Limit and then Current account should have Money Coming in and Balance Sheet and stuff.. in short don't go into much into this for using this cc for your personal or business needs and keep this interaction with this flipkart cc as 1st and only transaction you have done. and let him build this cc portfolio if needed.

Thanks for the answer.
I guess i will just apply for cc limit increase in axis after 6 month . With his ITR

 

[varun__goel_]

Yes that part is understood , but Which bank would be easy to get .. i mean self employed mostly get rejected .

Get him 811 acc and credit the amount you pay to him in this acc on a fixed date every month so that bank thinks it is salary, he will then get pre approved offer🤷🤷. Though will have to w8

 

[unusedbrain1]

self employed got nothing to do with rejection. if you are really self employed and then you must have GST and then build then business or service and no most bank won't say no.. expect SCB to issue you with CC until your ITR is 36 lakhs or above then even SCB will issue you with CC. 🤣

He is employed for us . But he gets money in cash . From us
We filed his ITr because i was helping him to buy a term insurance .

 

[akshayhs]

Where can he apply to get cc ?

Does he really need credit? Did you ask him that at least?

 

[unusedbrain1]

Does he really need credit? Did you ask him that at least?

Yes he does , IN YEAR or 2 . he will be buying A Truck of his own . Hence need some solid cibil build up .. for better leverage

 

[j_s]

Yes he does , IN YEAR or 2 . he will be buying A Truck of his own . Hence need some solid cibil build up .. for better leverage

Does he have no credit history or bad credit history?

 

[unusedbrain1]

Does he have no credit history or bad credit history?

Flipkart pay later 90k . From a year or so .
Flipkart cc 15k + iocl cc (15k ) merge from 2 month

 

[jack333]

He is money collector for our transport business

Vasooli bhai ko bhi cc ki zarurat pad gayi 🤣

 

[varun__goel_]

Vasooli bhai ko bhi cc ki zarurat pad gayi 🤣

 

[CARDBITRAGE]

Because i did shopping from his account . Yes he isn't that much educated . He is money collector for our transport business. So good with money .

If he's trying to get a CC on his own accord, then all good. If you're getting a card in his name for your personal use, then totally not cool man. I don't think you should be doing that.