What are the eligibility criteria for a credit card?
The eligibility criteria for a credit card depend on several factors, such as age, annual income,
nationality, credit score, employment status, and existing debt.
What is the minimum salary requirement to apply for a credit card?
The minimum income requirement to apply for a credit card is different for different banks and credit
card issuers, but it often ranges between ₹1 lakh and ₹3 lakh. It also depends on whether you are a
salaried or self-employed individual.
Can I get a credit card even if I am not a salaried person?
While the primary criteria to qualify for a credit card are your credit score and stable income, most
credit card issuers prefer salaried professionals over self-employed people or business-owners.
However, one can always opt for FD-backed credit card that doesn’t require income proof.
What documentation do I need to get a credit card?
To apply for a credit card, you need identity proof, address proof, and income proof.
Why is age a factor in determining my credit card eligibility?
Credit cards offer credit to individuals based on their annual income; this is why they are offered to
working professionals above the age of 18 or 21, depending on the issuer.
Can I get a credit card on the same day of application?
If you submit the applications with the correct documents, such as PAN, Aadhar, and address proof, you
can get an instant virtual One Credit Card. The physical card is delivered within 2 to 3 business days.
Which credit card is eligible for a ₹15000 salary?
Several credit card issuers offer cards for low-income individuals. However, the FD-backed card is
another option for you, which provides a credit limit ranging from ₹5000 up to ₹1,00,000 depending on
the FD amount.
What is the minimum age to get a credit card in India?
The minimum age to get a credit card in India is 18 or 21, depending on the issuer.
How do I know if I am eligible for a credit card?
Here are the eligibility criteria to apply for a new credit card:
1. Age
The minimum credit card age limit for One Credit Card is 18 years. However, some banks
require you to be 21 years old for a successful application. The maximum age limit for
credit cards ranges between 60 and 65 – with the same for One Credit Card eligibility
being 60 years.
2. Annual salary
A key factor in determining credit card eligibility is your annual income. The minimum
salary requirement for credit cards in India is around ₹3 lakh, but varies for different
issuers.
3. Nationality
Typically, credit cards in India are issued to resident Indian citizens. However, you can
check with your card issuer for more details.
What are the key factors affecting credit card eligibility?
The key factors that affect credit card eligibility are your credit score, current location, employment
status, and existing debt.
