Axis Bank offers some of the most exciting credit cards. Before applying for any Axis Bank Credit Cards variant, it is important to know whether you fulfil the Axis Bank credit card eligibility. For this, you must first check the eligibility criteria set by the bank. The bank asks you to fulfil some basic criteria like age, Indian residence certificate, and a regular source of income if you want a credit card. Depending on the card type, the eligibility criteria may vary slightly.
The basic Axis Bank credit card eligibility criteria that you must fulfil in order to apply for an Axis Bank credit card are:
You must be a minimum of 18 years of age at the time of credit card application
You must not be over 70 years of age at the time of credit card application
You must be a resident of India
You must have a regular source of income
You must have a healthy credit history at the time of credit card application. Ideally, a CIBIL score of at least 700 is required to be eligible to apply for a credit card
In case you already have a credit card, you might be asked to show transaction proof such as credit card statements from last year to assess your credit card history and other details
In case you are applying for an add-on card, they should be at least 15 years of age
Listed below is a table of different Axis Bank Credit Cards, documents required and Axis Bank credit card eligibility criteria:
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Axis Bank Vistara Signature Credit Card |
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Axis Bank Pride Platinum Credit Card |
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Axis Bank Pride Signature Credit Card |
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Important Note: Please note that these Axis Bank credit card requirements are only indicative. Axis Bank reserves the final right to approve or decline credit card applications based on their assessment.
Now that you know how to work your way around the Axis Bank credit card requirements in terms of eligibility, let us move on to the next crucial process: documentation. The following are the Axis Bank credit card documents required at the time of submitting a credit card application:
Axis Bank Credit Card Documents for Proof of Identity
Aadhaar card
PAN card
Passport
Voter’s ID
Driver’s licence
Any other govt-approved photo identity proof
Axis Bank Credit Card Documents for Proof of Address
Aadhaar card
Utility bills (not older than 3 months)
Passport
Any other govt-approved identity proof
Axis Bank Credit Card Documents for Proof of Income
Form 16
Salary slips from the past three months
Bank statement for the past three months
Audited financial records for the past 2 years (if you’re self-employed)
When it comes to requirements for Axis bank credit card, the following factors must be taken into consideration:
Generally, the chances of credit card approval are higher if you have a high annual income. Make sure you calculate all your earnings while filling in the income details in the application form. Salaried individuals need to present their monthly salary slips, and self-employed individuals need to submit their income tax returns.
Your Debt To Income (DTI) ratio must be low to improve your chances of being eligible to apply for an Axis Bank credit card. If it is below 50% then you have better chances of getting a credit card of your choice. You can calculate your DTI by dividing your gross monthly debt by your total monthly income.
If you have too many loans in your name, it may be difficult for you to get a credit card. Your existing loans become all the more important when the repayment amount is almost as high as half your income. In such a scenario, the lender may reject your application.
It is important to have a good credit score to improve your chances of credit card approval. Generally, a credit score above 750 is considered good by banks. The higher your credit score, the higher would be your chances of getting a credit card approved.
In case you have a salary or savings account with Axis Bank, you have a better chance of getting a credit card. Your relations with the bank also affect your Axis Bank credit card eligibility.
A credit card issuer also takes into consideration factors such as the number of credit cards issued in your name, job stability, credit inquiries, etc., while gauging your Axis Bank Credit Card eligibility.
You must focus on your eligibility to apply for a credit card in order to make sure that your credit card application assessment happens smoothly. Following are some of the tips to improve Axis Bank credit card eligibility:
Maintain a good CIBIL score, preferably above 750
Do not miss any payment deadlines. For instance, loan repayment or monthly EMI
Maintain your credit utilisation ratio
Don’t make too many hard enquiries for credit cards
Try maintaining a rational debt-to-income ratio
Beware of cheque bounces/penalties on all active credit lines
Try to increase the gap between your income and total debt for better a credit deal
Yes. A few Axis Bank credit card variants allow Non-Resident Indians to apply for a credit card as well. For instance, the Axis Bank Select credit card is available for residents as well as non-resident Indians. It is advised to go through the respective eligibility of the credit card variant you wish to apply for.
The minimum salary requirement to be eligible to apply for an Axis Bank Credit Card is different for different types of cards. For Axis Bank Select credit cards, the minimum salary requirement is ₹9 Lakhs p.a., whereas, for Axis Bank Magnus credit card, the salary requirement is ₹18 Lakhs p.a.
Yes, a student can apply for an Axis Bank Student credit card. However, they must be above 18 years of age, meet the eligibility criteria, and furnish all the required documents at the time of application.
Axis Bank refers to the credit history of an applicant while reviewing their credit card application. So, having no credit history may lead to the rejection of your application.
You must fall in the age group of 18 to 70 years in order to apply for an Axis Bank credit card.