Axis Bank is one of the most popular and reputed commercial banks in India. Axis Bank Credit Cards are popular with customers as they cover a wide range of needs and services. Before you apply for a credit card, there’s a list of Axis Credit Card requirements that you need to be aware of. These include Axis Bank Credit Card documents and Axis Bank Credit Card eligibility details.
Let us begin with the minimum Axis Credit Card application eligibility.
The basic Axis Bank Credit Card eligibility criteria is as follows:
If you already have a credit card from another bank, income proof won’t be required.
If you already have a credit card, you will have to submit transaction proof in order to check for your repayment history and other details.
You should ideally have a CIBIL score of at least 700 to fulfill Axis Credit Card eligibility.
You (primary cardholder) should be between 18 and 70 years of age.
If you’re opting for add-on cardholders, they should be more than 15 years old.
You should be an Indian resident or an NRI (Non-Resident Indian)
Axis Bank offers credit cards tailored to suit different purposes for different users. Axis Bank also offers credit cards for students with low interest rates & exciting offers. Once you have done a basic Axis Bank Credit Card eligibility check, there are some additional, specific criteria that you have to fulfill. The specific criteria will vary depending upon the user category that you fall into. You can conduct your Axis Bank Credit Card eligibility check online through Axis Bank’s official portals, or follow the list mentioned right below.
After checking for the basic Axis Credit Card eligibility details, you need to check for some specific details based on the type of user category you fall into. Here’s the specific Axis Credit Card eligibility criteria for salaried professionals, self-employed persons, and students.
Your income should be at least Rs 1,80,000 p.a.
You should be between 18 and 70 years of age.
You will need to produce salary slips as a proof of income.
Your income should be at least Rs.1,80,000.
You should be between 18 and 70 years of age.
You will need to produce your IT return statement as proof.
If you’re a businessperson, you’ll need proof verifying how long your company has been in existence.
There are certain Axis Bank Credit Card requirements which affect your eligibility for the credit card you wish to acquire. Here are the key factors:
Total monthly and yearly income figures
Debt-t0-income ratio (Gross monthly debt/monthly income)
Credit score (ideally more than 700)
Remarks and recent delinquency on credit report
Lack of credit history (mostly in case of students and new workers)
Stability of employment
Number of credit cards already owned
Multiple credit enquiries
Outstanding amount on existing credit cards
Before moving on to the Axis Bank Credit Card documents required for your application, let us find out how you can improve your chances of getting approved.
Improve your CIBIL score.
Make all your payments in a timely manner.
Maintain your credit utilisation ratio.
Don’t make too many hard enquiries for credit cards.
Maintain your 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 credit deals.
Now that you know how to work your way around the Axis Credit Card requirements in terms of eligibility, let us move on to the other crucial process: documentation.
Any other govt-approved photo identity proof
Utility bills (not older than 3 months)
Any other govt-approved identity proof
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)
The basic Axis Bank Credit Card requirements in terms of eligibility are
You must be salaried or self-employed.
An annual income of minimum Rs.6 lakhs.
The primary cardholder must be between 18 years to 70 years old.
An add-on cardholder must be more than 15 years old.
If you fulfill these along with the specific eligibility criteria based on usage and type of card along with all the Axis Bank Credit Card documents, you could soon have your own credit card.
There are different Axis Bank Credit Card eligibility criteria for different types of credit card users. If you’re a salaried professional, you need a minimum income of Rs. 1,80,000 p.a. If you’re self-employed, too, you need a minimum income of Rs. 1,80,000 p.a. However, there are other Axis Bank Credit Card eligibility details as well, such as age, documents including salary slips, business proof, etc.
The Axis Bank Credit Card eligibility criteria including minimum salary requirement for different types of Axis Bank Credit Card is also different.
Yes, a student can apply for an Axis Bank Credit Card. However, they must be above 18 years of age, fulfill the Axis Bank Credit Card eligibility criteria, and furnish all the required Axis Bank Credit Card documents.