Important Notice

Common Eligibility Criteria for Credit Cards (Applicable to Most Banks)

1. Age Requirement

   • Applicant must be 18 years or older (some banks may require a minimum age of 21).

   • Maximum age limit is usually 60-65 years for salaried individuals and 70 years for self-employed individuals.

2. Income Criteria

   • Minimum income requirement varies by bank and card type.

   • Salaried individuals must have a steady monthly income (usually ₹15,000 - ₹25,000 or more per month).

   • Self-employed applicants must have a stable business with a minimum annual income as specified by the bank.

3. Employment Status

   • Must be either salaried, self-employed, or a professional (doctor, CA, lawyer, etc.).

   • Some premium credit cards may require employment with a reputed company or a high net worth status.

4. Credit Score

   • A minimum CIBIL score of 700 or above is preferred for easy approval.

   • A lower credit score may result in higher interest rates or rejection.

5. Nationality & Residency

   • Must be a citizen or legal resident of the country where the card is issued.

   • Some banks may allow NRIs (Non-Resident Indians) to apply for specific credit cards.

6. Existing Debt & Liabilities

   • Banks assess the applicant’s Debt-to-Income (DTI) ratio to ensure they can handle additional credit.

   • Applicants with too many loans or credit card dues may face rejection.

7. Required Documents

   • Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID.

   • Address Proof: Utility bill, Rental Agreement, Passport, or Aadhaar.

   • Income Proof: Salary slips (last 3 months), Bank statements, or ITR (for self-employed).

8. Minimum Work Experience (For Salaried Applicants)

   • At least 6 months to 1 year of continuous employment in the current job.

   • Self-employed individuals should have a minimum of 2-3 years of business continuity.

9. Student Credit Cards (If Applicable)

   • Requires proof of enrollment in a college/university.

   • Some banks may need a fixed deposit or parent's income proof as security.

10. Security Deposit (For Secured Credit Cards)

• If applying for a secured credit card, a fixed deposit (FD) with the bank is required.

• The credit limit is usually 80-90% of the FD amount.