Credit Cards & self employed option
- 4453
- 73
-
- Last Comment
They hit my cibil, show me eligibility for good card variants, do VKYC, then physical verification, demand more docs and information. Then finally through rejection sms / email.
Every piece of information and documents provided by me are genuine and authentic. I apply as self employed person.
Should I now give up and stop new application. Tata new plus is provisionally approved for me but after so many in a row rejection i am afraid to apply.
- Sort By
Was working for me also, but from last six month...... 
In bhai 👉🏻 👉🏻 https://www.desidime.com/discussions/bug-hdfc-g... ki FD se credit card uthaane ki koi trick?
Just a suggestion :- Try for card of bank you have your account in. My first credit card was Bob easy credit card. I have saving account with them. Second credit card was SBI SimplyClick applied through their sprint system. Limit was low for SBI, but got increased in January this year.
I need axis , au, hdfc for that i do not have account.
Self-employed is not the issue, something else (you got to figure it out what it is). Apart from one or two credit card issuers, no one (+ TataNeu Plus) is demanding income documents these days (CIBIL/Experian score + Existing credit relationships / limit alone being deciding factors)
Au ultra was rejected, applied c2c basis but they rejected after physical verification. They were calling multiple times to confirm my business name for self employed. Thats why thinking the culprit was :"Self Employed"
1. banks need banking relationship so open a saving a/c in bank whose CC u need
2. for Credit card there is 2 channels choose offline thru bank branch where u open saving a/c and offline, its after bank manager recommendation u will get card easily
3.CIBIL is crap thing , there are people with 800 cibil not gettin card and people with 700 getting it , step 2 will carry far greater weight then cibil
Problem is, offline they never have LTF offers.
@sujith8786
#LONG POST ALERT
Same issue with me..
I got hdfc cc as pre-approved in 2021 as i have preferred account with them..
My cibil hovers around 775 to 785...
Also got SBI cc on c2c basis last March through agent.
Also got onecard on cibil basis but with low limit..
Applied for bob, icici last year as self employed.. bob rejected after home verification.
ICICI rejected after vkyc...
Applied for apay..as there was NO DOCUMENTS REQUIRED banner in my Amazon account.. but they started asking for ITR and computation documents..
So I opened an ICICI wealth management account in December 2022..asked the lady who called me to know if I'm satisfied with their services..
I said i opened the account just to get the cc.. if that's not possible I'm going to close the account..
Within 10 days..got ICICI platinum cc on c2c basis with my HDFC cc..
Now i need axis my zone ltf and kotak platinum league Ltf..
In short.. it's better to get these cards by opening account with them or through agents.. but then getting a trusted agent is a problem...
Self employed definitely works bro. I am self-employed and still consider myself a credit card newbie because almost all my cards are entry-level.
I started in Jan 2022 with my first CC SimplyCLICK. But managed to get 14 CCs in 13 months - SimplyCLICK, ICICI Amazon Pay, ICICI Platinum, HDFC Business MoneyBack, HDFC Tata Neu Plus, OneCard by South Indian Bank, RBL SaveMax, RBL Duet, BOB Select, IDFC First WOW! (ok this one is secured, got it for 0% forex) 😁, PNB RuPay Platinum, Yes Bank FinBooster, Kotak Zen Signature, and Axis MyZone. All are LTF except Tata Neu Plus. SBI SimplyCLICK was paid until this year when due to a blunder from them, I closed it and they re-activated it LTF. They're not premium or high-end but I got them mainly for the monthly discounts. Once I get from all banks, I will slowly upgrade them to premium ones.
What works - apply patiently, don't be disappointed by rejections - banks will approve if you show them ITR + good CIBIL, open savings accounts wherever pre-approved ones come easily. PM me if you want more details.
Rather than the reward points one, I prefer cashback or flat discount ones or where reward points are automatically converted into cashback without any charges or minimum point redemption rules. Reward point cards are a bit time-consuming to keep track of, and when those points expire, they sort of force us to spend more in shorter time period to redeem those points, so I avoid those or use the reward points cards mainly for the flat discounts that have around festive occasions.
Can you tell more about self employed thing a bit more. Like what kind of self employed , home and business address diffrent or same.
I also have few, all of them were approved in a row. But now its only rejections... do not able to understand actual problem.
Even, few of my cards have been rejected in last 4 months but many were elite, I tried despite knowing that approval is doubtful. SCB Ultimate, AU, SBI cashback & Axis Magnus rejected in last 3-4 months. AU especially rejected the card immediately after mentioning self-employed though it was showing as pre-approved.
Having said that, Neu Infinity was approved recently but do note that i hold HDFC Moneyback and Classic savings account for past 10 years.
For me neu plus chargeable is provisionally approved but i need infinity ltf. They are not giving even chargeable. 
also have doubt if they give, it will be rejected as i do not have saving account with hdfc.
I'm having a hard time for the last one year... have greater kolkata pincode , good credit scores, 10+yrs of credit history yet nothing seems to work... Maybe the issue is that I don't have a registered business entity (WFH freelance+stock investor) and office address is same a home address...
Poll: Self employed option does work?
75% votes says yes
25% votes says no
Now 68 yes 31 no 
Bhai You are right, But Location play important roles for card application approval...When I was self employed & Live rural area....They did hard CIBIL enquiry, Physical verification and last rejected my application & demanding minimum 5L ITR, I always thought "Self Employee Hona Kya Gunah H"🤔 Now I am living Jaipur & salaried Person & Got 9 Cards In 3 months..... Without any physical verification, income Documents....just did VKYC, applied as salaried person.....so try to apply as salaried person, give metro city addres (Relative address).
You are right Salaried person gets cards approved easily
After writing this discussion, I applied for yes bank finboster credit card through bankbazar to release my frustration and distroy my cibil 
. Now sharing my take home:
1. First time ever applied via nonbank channels.
2. I applied as self-employed
3. Home and office address same in my application
Now Bankbazar created duplicate applications mentioning my office address something diffrent then i applied and there is now two application for yes bank in my name 
I tried to vkyc several times but somehow they were not able to capture my pan card.
Then i told bankbazar about this two application and misleading information about my office address.
They told me that first application is canceled and second one is active. Will check for office address
Then after an hour another executive called and told that you have to provide a different office address as yes bank dont allow same residential and office address.
Now i know the culprit!!
I am thankful to bankbazar executive who shared that few banks allow and few not allow same office and residential address.
Kindly share bank name here on basis of approved credit cards with same office and residential address.
Check PM
Experian report down by 149 points. For the rejection of AU card + 2 othere hard queries 
I simply hate experian. ..
71% yes
29% no
100% works.