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Credit card issuers have certain eligibility parameters that you’ll need to meet, to apply for said credit cards. Generally, you’d need to have a regular source of income and a good credit score to qualify for most credit cards. This, of course, can vary depending on the credit card issuer’s policies and the card variant.

Eligibility Criteria to Apply for a Credit Card

Mandatory Requirements:

  • Age: The minimum age requirement is typically 18 years, though some banks may require applicants to be 21 or older. There's also a maximum age limit, usually around 60-65 years.

  • Citizenship/Residency:  Most cards are for Indian citizens and residents. Some banks may offer cards to Non-Resident Indians (NRIs) with specific requirements.

Financial Eligibility:

  • Income: Banks have minimum annual income requirements, which can vary depending on the card type and issuer. It can range from Rs. 1 Lakh to Rs. 3 Lakhs or more. If you're self-employed, you might need to submit your Income Tax Returns (ITR) as income proof.

  • Employment Status: Salaried individuals with stable employment are generally preferred. However, some cards cater to self-employed or business owners with proof of income stability.

  • Credit History (CIBIL Score): A good credit history, reflected in your CIBIL score is crucial.  A higher score (generally above 750) increases your approval chances and can qualify you for better cards with higher credit limits and rewards.

Other Factors:

  • Existing Debt: Having a high debt-to-income ratio (total debt compared to income) can negatively impact your application.

  • Banking Relationship: Existing relationships with the bank (for savings accounts or loans) may improve your approval odds.

  • Card Type: Different issuers have varying eligibility criteria for getting a credit card. Premium cards might have stricter requirements compared to basic cards. 

Note: Eligibility criteria and the documents required for credit card application can vary depending on the specific issuer and the card. It's recommended to check the credit card eligibility details on the issuer’s website or contact them directly for the latest information.

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How Can You Improve Your Eligibility

You can keep the following pointers in mind if you’d like to improve your chances of getting a credit card:

  • Maintain a good credit score by paying bills on time and managing existing credit responsibly

  • Choose a card that aligns with your income and spending habits

  • If you're a student or have limited credit history, consider starting with a secured credit card, which requires a security deposit

  • Maintain a good banking relationship with timely transactions and account management

How to Check Your Credit Card Eligibility

Here’s how you can check your eligibility for credit cards on Bajaj Markets: 

  1. Navigate to the ‘Check your Credit Card eligibility!’ section

  2. Fill in the form with the required information such as your employment type, mobile number, and date of birth

  3. Enter the OTP sent to your mobile number to view your credit card eligibility


That’s about it! You’ll be presented with a list of credit cards that you’re eligible for. You can compare these cards to choose the one that suits you best. 

Frequently Asked Questions

What is the minimum salary requirement to apply for a credit card?

In most cases, having a monthly salary above ₹25,000 is good enough to get a credit card. However, it will vary based on the credit card type and whether you are a salaried or a self-employed individual.

What is the minimum age to get a credit card in India?

The minimum age to get a credit card is 18 years. This may, however, vary based on the bank and the card type.

What are the eligibility criteria to upgrade my credit card?

If you are looking to upgrade your existing credit card, you must have a good credit score, payment history, and a stable source of income. All these things will help you to upgrade your credit card. 

You can visit the nearest branch of your bank to upgrade your credit card, or you can also request bank executives to visit your place. In addition to all these things, sometimes banks take the initiative to upgrade your credit card by knowing your interest and checking your credit card expenses.

Do I need proof of income to get a credit card?

Yes, most banks will ask you for proof of income to check your status of employment. This tells them whether you are a salaried or self-employed professional, or run your own business. It also proves to the bank that your income is sufficient so that you can pay off all your monthly credit card bills. Documents that can be submitted as income proof include tax return copies and salary slips.

Can I get a credit card with a ₹10,000 salary?

An income of more than ₹25,000 is generally preferred. However, you can check the credit card eligibility criteria set by different banks and financial institutions. If any credit card issuer offers cards to applicants with a salary of ₹10,000, you can proceed to apply for the same.

How to get a ₹1 Lakh credit card limit?

The credit card limit is set by the credit card issuer. It depends on factors like the income and the credit score of the applicant. To get a high credit limit of ₹1 Lakh, you can ensure that you have a high credit score and a good credit profile. If your income has recently increased, you can let the card issuer know this, so you may be eligible for higher credit limits.

Is it possible to obtain a credit card on the same day I apply for it?

No, credit cards are generally not issued on the same day you submit your application. This is because banks and other entities that issue credit cards need time to verify your credit card eligibility and approve your credit card application.

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