If you one of those freelancers who are looking for PayPal Alternatives following the PayPal Restrictions by RBI then this article could be helpful to you. Alternatively you can check out the AXIS Bank Easy Credit Card with Visa for Freelancers & Bloggers.
ICICI Bank India offers you with a Instant Credit Card with a minimum credit limit of Rs 17,000 and without the need of any additional documents. Generally when you apply for a CC you are asked with Bank Statements, Income Tax Returns and also you need to have a minimum Net salary of Rs 20,000 per month or should have a Minimum Gross Annual Business Income of Rs. 250,000.
In this case you need to create a new Fixed Account with the bank against which the bank would issue the Credit Card. The credit limit is around 85% of the total amount you have deposited in the Fixed Account. Read few rules mentioned by the bank.
“Instant Credit Card” shall mean ICICI Bank Instant Credit Card issued by ICICI Bank to the Cardholder against the fixed deposit maintained by the Cardholder with ICICI Bank. In order to be eligible for availing the Instant Credit Card, the Cardholder shall be required to maintain / place a fixed deposit of minimum Rs. 20,000/-amount with ICICI Bank.
The credit limit on the Instant Credit Card shall be eighty five percent (85%) of the fixed deposit amount, subject to minimum credit limit of Rs. 17,000/-and maximum of Rs. 3 lakhs. The said credit limit may be subject to change at the sole discretion of ICICI Bank from time to time and shall be communicated to the Cardholder through such mode and manner as deemed fit by ICICI Bank.
Features of ICICI Bank Instant Gold Credit Card :
- Walk into a branch and walk out with a credit card! Instant issuance against your Fixed Deposit.
- Attractive interest rate of 1.99% p.m.
- Internationally valid credit card with Global Emergency Assistance Services.
- Get information when you need it and where you need it with access to internet banking, mobile alerts and email statements.
- Use the Credit Card to Verify Paypal Account
- Make Purchases from any Online eCommerce Store like eBay.
Just contact your nearest Branch and then ask them for a Instant Credit Card. You can always deposit funds onto your Credit Card Account and then increase the credit limit when you are making Online purchases from eCommerce websites. Also do make a note that these Credit Cards do not have your name printed on them which is the reason you need to apply for another card with the same number but with your name printed on it.