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IndusInd Credit Card Eligibility


**Disclaimer: IndusInd Bank is not a Finserv MARKETS’ partner. Offers would be from partner Banks/NBFCs only.


IndusInd Bank has specific eligibility parameters and a list of documents required to apply for its credit card. But, the process is designed in a very user-friendly and hassle-free manner. The eligibility depends on factors like age, income status, job stability, credit utilization pattern of existing cards, etc. The documents required during the process are also very basic such as address proof, identity proof, income proof, etc. To know more details about the IndusInd bank credit card eligibility, read the below-mentioned details.


What is the IndusInd Credit Card Eligibility Criteria?

If applicants fit into all the mentioned parameters, they have passed IndusInd credit card eligibility.

  • Age - The applicant’s age must be between 21 to 65 years.

  • Employment Status- The applicant must be either salaried, self-employed, or a working professional.

  • Income - The applicant must have a stable income of Rs. 25000 on monthly basis.

  • Location - The applicant needs to be a resident of the IndusInd serviced cities. You can find the list of the serviced cities on the official portal of IndusInd Bank.

**Note -Applicant must remember that approval of the application is also influenced by several internal policies of the IndusInd Bank.

What are the Factors Affecting IndusInd Credit Card Eligibility Criteria?

To avoid confusion in the future after application, it is very important to be aware of all the points that would influence your IndusInd credit card eligibility.

  • Age - The applicant’s age is a crucial point that the lenders look at before making any decision. If you are young and have started working recently, the lenders will think twice before deciding as they might have doubts about your creditworthiness. On the other hand, if you have been generating a stable source of income over some years, the lenders would take that as a plus point while making the decision.

  • Credit Score - Another critical factor influencing the lender’s decision is your credit score. It is always the first point that any lender looks into while reviewing the application. In India, various credit reporting agencies like Equifax, TransUnion, and Experian track your credit history and assign credit scores accordingly. The credit score ranges between 300 - 900. Lenders prefer applicants with high credit scores as it stands for high creditworthiness, whereas low credit score stands for low creditworthiness and negative history. It is suggested that you check your credit score before you apply for an IndusInd credit card.

  • DTI (Debt to Income Ratio) - The ratio of your monthly income to your monthly debt is called the DTI ratio. Lenders use it to check your repayment capabilities. High DTI shows that you have a high debt amount to pay on a monthly basis, and therefore this can affect your credit card amount repayment. Lenders prefer applicants with low DTI.

  • Status of Existing Credit Cards: It is common for people to have more than one credit card. Lenders go through the records from the existing credit cards while they review the application. They check if you have any outstanding amount on the card, your spending patterns, and your repayment behaviors. It is very important to have decent records and history as it is taken very seriously by the lenders and affects their decision for the IndusInd credit card eligibility.

  • Multiple Applications - If you submit more than one application, you look like a needy borrower. It is advised to apply only once and does not submit multiple inquiries.

  • Recent Delinquency - Defaults in loan repayment or credit card payment in the recent past can decrease the chances of approval of your IndusInd credit cards as it negatively affects creditworthiness. In such cases, the lenders generally reject the application or would not offer great IndusInd credit card deals.

  • Income - As mentioned above, a stable and trustable source of income is a very important factor. It is mandated to fit into the IndusInd bank credit card eligibility criteria of minimum income (varies in every credit card).

Improve Your IndusInd Credit Card Eligibility

There are various ways through which you can improve your current situation and fit in the IndusInd credit card eligibility criteria. Some of the easy ways are:

  • You will have to work on your credit score. You can increase your credit score by finishing any one of the existing loans, lowering your DTI ratio, increasing your income, and paying all existing credit card bills.

  • Pay all bills on or before due dates. Default on payments has a very negative impression during the review procedure.

  • It is a must to maintain a good credit utilization rate by making timely payments.

  • Do not make multiple inquiries after submitting one application form.

  • Prevent any cheque bounces, late fees, penalties, and late bill payments with any credit institutions or banks.

Documents Required for IndusInd Credit Card Application

The documentation required for the IndusInd credit card application is very basic and simple. The required documents are:

  • Any document like Passport/Driving License/ Voters ID, etc., can be used as Address Proof.

  • Any document like Bank Statement/ Voter ID/ Driving License/ Pension Book, etc., as Identity Proof.

  • Any document like Bank Statement/ Pay Slip/ IT returns, etc., as Income Proof.

  • Your PAN Card

  • Passport size photographs.

FAQs on IndusInd credit Card Eligibility

  • ✔️What are the documents required for an IndusInd Credit Card?

    The documentation required for an IndusInd credit card is very simple and basic. The documents required are

    • Address Proof
    • Identity Proof
    • Income Proof
    • PAN Card
    • Passport size photograph.
  • ✔️What is the minimum salary required for an IndusInd Credit Card?

    The minimum salary required for an IndusInd bank credit card eligibility is specified differently for each type of credit card. On average, the minimum salary which an applicant must earn is Rs. 25000 per month. Applicants must go through the IndusInd bank credit card minimum salary requirements for the credit card application.

  • ✔️Am I eligible for an IndusInd Credit Card?

    The IndusInd bank credit card eligibility depends on the below-mentioned parameters:

    • Age between 21 to 65 years.
    • Minimum salary of Rs.25000 per month.
    • Self-employed or salaried.
    • High credit score.
    • Positive credit history with the bank.