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A credit card is a nifty financial instrument that can help with quick and easy transactions. Additionally, credit cards also come with attractive offers and rewards that make shopping even more delightful. 


Credit cards are relatively easy to get but you will need to meet a few eligibility criteria that will usually vary depending on the card issuer and card variant. The good news is that these days there is a wide variety of credit cards available for every need and want. So, no matter what your income level is, there’s likely a credit card out there that’s right for you! 

Eligibility Criteria to Get A Credit Card

Here’s the eligibility criteria to get a credit card: 

Eligibility Criteria



18 years and above 


Salaried or self-employed 


At least ₹20,000 per month (Could vary across providers)

Minimum Salary Requirement for Top Credit Cards

There is a common misconception that people with low-income cannot get credit cards. These days, there are special credit cards that are designed to cater to the low-income group. What’s more, these cards come with exciting benefits and offers. Here are some popular low-income credit cards and the minimum requirements needed to get these cards: 

Name of Card


Canara Bank Global Card

Minimum annual income of ₹2 Lakhs 

Axis Bank Insta Easy Card

Minimum fixed deposit of ₹ 20,000 with Axis Bank 

YES Bank Prosperity Rewards Plus Credit Card

Minimum net salary of ₹25,000 per month or Income Tax Return of ₹5 Lakhs and above

ICICI Platinum Chip Credit Card

Minimum fixed deposit of ₹20,000 with ICICI Bank 

HSBC Smart Value Credit Card

Minimum annual salary of ₹4 Lakhs

Disclaimer: The figures in the above information are indicative and subject to change. 

Low-Income Credit Cards

As the name suggest, low income credit cards are for low-income earners, or for those people who earn between less than ₹ 25,000 a month. These credit cards come with a modest credit card limit. Designed especially for individuals who have a credit card income eligibility of ₹10,000 to  ₹25,000 a month, these credit cards come with several attractive benefits. Most banks also allow an increase in the spending limit depending on your repayment etiquette.

Factors Determining Credit Card Eligibility

There are a number of factors that go into determining your eligibility to get a credit card. Here are some of them:

  • Credit Score 

A good credit score is an indicator that you are financially disciplined and are unlikely to default on repayments. So, if you have a good credit score, you will find it relatively easy to get a credit card even if your income is on the lower end.

  • Location 

Many credit card companies are only serviceable in cities and towns. So, if you are from a town or village where your preferred card issuer is not serviceable, then you may not be eligible for the card. You can always get in touch with your credit card issuer to get this sorted. 

  • Debt-to-Income Ratio 

Credit card issuers will also look into where your income is going every month. So, if they find that a large portion of your income goes towards debt repayment, then they may hesitate to extend even more credit for you. This is one of the reasons why even people with high income may be denied a credit card. As a general rule, try and keep your debt-to-income ratio at a healthy 20% to 30%. 

  • Income 

This is one of the biggest determiners of credit card eligibility as well as the credit card limit. The minimum required income will depend on a number of factors like your card variant, relationship with the card issuer, credit history, etc. So, there’s no one-size-fits-all figure for the minimum income required to qualify for a credit card. However, most credit card issuers will require that you have a minimum income of at least ₹10,000 per month. Apart from the quantum of income required, card issuers will also look at the regularity of your income. If your income is irregular or inconsistent, then your application may be rejected. 

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The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

 The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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Frequently Asked Questions About Minimum Salary for Credit Card

Yes, there are many credit cards available to people with a monthly income of ₹20,000.

Some credit card companies offer credit cards to people with a monthly salary of ₹10,000 too.

The HSBC Smart Value Credit Card is a one of the great entry-level credit card for people with an annual income of ₹4 Lakhs.

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