Easy Approval Credit Cards for Bloggers, Freelancers in India | PayPal Solution
PayPal policy changes from 1st March 2011 will not allow you to use PayPal funds for online shopping and in such case, Credit card is ultimate option to pay web-hosting bills and domain renewal fees and other online spending.
I agree that PayPal alternatives exists but they may not be accepted by all payment gateways like PayPal but Credit cards are accepted everywhere then let it be Online shopping portal or Web Hosting sites.
Generally, Credit Card approval requires Income Tax Return (ITR) of Gross Annual income Rs. 1,80,000 Minimum which means some Rs. 15,000 per month which may be case with many Bloggers but I guess not all of them files Tax returns.
So, Here I mention some ways to get easy approval Credit Card from Banks in India which are especially suited for Bloggers, Freelancers and Online Marketers or any Indian who want to find alternative of PayPal for shopping.
Easy Approval Credit Card Options for Bloggers
ICICI Instant Credit Cards
As the name says “Instant”, ICICI offers Walk in branch and Walk out with Credit Card option. As you are not providing ITR, you have provide something as Security to bank and it requires you to make a Fixed Deposit of minimum Rs. 20,000.
On the amount of Fixed Deposit amount, you get 85% Credit limit. For example, you make FD of 20K then limit of spending will be Rs. 18,000.
HDFC Gold Credit Card
Even this can be obtained against assurance of Fixed Deposit giving you credit limit of 80% of Fixed Deposit Amount. Only difference is that this is not instant and required minimum 10 days to process ad get in hands.
Axis Bank Credit Cards
In similar way, Axis Bank offers same facility at minimum deposit of Rs. 25,000 and they give just 80% credit limit of what you deposit.
Virtual Credit Cards from Indian Banks
Last but not least, if you find above options difficult to obtain then virtual credit cards which act and function similar to real Credit cards and easiest to obtain.
You just need a Savings account in banks (Axis, HDFC, ICICI or Kotak Bank) They are called as Netsafe cards in HDFC while in Axis bank they call it eShop card. These are made for online transactions and can be generated real time online.
Advantages of Credit Card for Bloggers and Freelancers
- It’s the ultimate solution for PayPal issues in India.
- Can be used for Web Hosting Bill Payments and Domain Renewals
- Can be used to verify PayPal account
- Add to PayPal account and send funds to any PayPal account which will be debited from Credit Card.