A freelancer's guide to applying for a credit card

A freelancer's guide to applying for a credit card

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1. Although they function similarly to regular credit cards, secured credit cards differ in that they require you to deposit a certain amount before accessing your credit line.

2. Over time, you can ask your bank to convert your secured credit card into a regular one, provided that you maintain a good credit score.

3. If you have been with a bank for quite some time, deposit regularly into your account, and maintain a high enough Average Daily Balance (ADB), you may be pre-qualified to get a credit card with that bank.

4. Apart from your annual ITR, you need to prepare secondary documents that the issuing bank may ask for during your credit card application.

5. Unlike regular credit cards, secured credit cards are often easier to apply for

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