How to Get a Credit Card for Self-Employed Professionals?

For entrepreneurs, having proper financial management is essential for success. They need to have the financial acumen and the right tools at their disposal. Here, One Credit Card emerges as a crucial ally. Essentially, it offers a toolbox with features designed to empower self-employed professionals. Are you a self-employed individual looking to get a credit card? Then this is a guide for you. First, let us delve into why credit cards for the self-employed are indispensable. Additionally, let us explore eligibility criteria, and demystify the application process. Let’s begin.

Why Self-Employed Individuals Need Credit Cards

A credit card can be vital to meet your financial needs if you’re self-employed. Here’s why:

1. Improved Financial Management

Credit cards can help you manage your expenses and cash flow intelligently.

2. Improves Credit Score

By paying your credit card bills on time, you can build a positive credit history. This can also help you secure a loan or more lines of credit.

3. Emergency Funds

Credit cards are a financial safety net for unexpected business expenses or emergencies. They provide immediate access to funds when needed.

4. Greater Purchasing Power

With a credit card, self-employed professionals can make necessary purchases or investments. As a result, they can grow their business without even having the necessary funds.

5. Reward Programs

Credit cards give you rewards or cashback every time you buy something. As a result, you can turn your business expenses into rewards.

ALSO READ: Know The Process Of Changing Credit Card Mobile Number, Address & Email Id

Challenges in Acquiring Credit Cards for the Self-Employed

Securing a credit card can seem impossible if you are self-employed. Firstly, traditional financial institutions categorise self-employed individuals as high-risk. This is a result of their non-traditional income streams. Secondly, fluctuations in income can complicate the assessment of the creditworthiness of these professionals.

Furthermore, self-employed professionals may find the documentation more tedious. This is because they need to provide more proof of income, such as tax returns or bank statements. Additionally, showing a strong credit history can be a challenge for new entrepreneurs. This is since they have yet to establish their businesses.

How One Credit Card Elevates Self-Employed Financial Experiences

One Credit Card recognises the unique financial needs of entrepreneurs. Here are features that make it the perfect credit card for self-employed people:

1. Co-branded Partnerships

One Credit Card partners with various banking entities. As a result, the versatile solution caters to diverse financial needs.

2. Premium Metal Card

The sophisticated metal build of the One Credit Card provides durability and style. It also serves as a symbol that reflects sophistication and business acumen.

3. Convenient Card Management

Users enjoy unparalleled control over their finances with the One Credit Card Mobile App. Users can manage card limits, track spending, and more. As a result, entrepreneurs can take care of business from anywhere, at any time.

4. Rewards and Offers

One Credit Card rewards users for their expenses. Resultantly, if you are self-employed, you can get rewards even for business expenses. One Credit Card offers 5X rewards on top spending categories. They also provide instant access to exclusive offers at stores near you, helping you save more.

5. Manage Your Subscriptions

My Subscriptions on One Credit Card makes it easier to manage recurring professional expenses. As a result, self-employed individuals can keep track of subscriptions in one location.

6. Virtual Card

The One Credit Card virtual card feature ensures secure online transactions. Consequently, it provides self-employed professionals with a safe and convenient payment method. They can now conduct their business dealings and online purchases with ease.

ALSO READ: How To Pay Your One Credit Card Bill

How to Get a One Credit Card

Want the One credit card as a self-employed professional? Let us explore the application process. First, you need to visit the One Credit Card website or download the One Credit Card app. Next, you need to fill in personal information such as your mobile number, PAN, and address. Furthermore, you need to activate the One Credit Card app. You can complete this entire process in a few minutes.

In conclusion, the One Credit Card is the perfect credit card for the self-employed. Additionally, the One Credit Card has clear eligibility criteria and a straightforward application process. As a result, you can begin conducting business within mere minutes of activating it.