Bajaj Finserv RBL Bank Credit Card Eligibility And Documents Required

Bajaj Finserv RBL Bank Credit Card Eligibility Criteria

RBL Bank has strict Bajaj Finserv RBL Bank Credit Card eligibility criteria that you must meet to enjoy the benefits of its numerous credit cards. It takes into consideration minimum and maximum age, annual income, employment status, credit score, etc., to assess your capabilities of owning and managing an Bajaj Finserv RBL Bank Credit Card.

Here is the eligibility criteria for Bajaj Finserv RBL Bank Credit Card you need to know:

Do note that the eligibility criteria, especially annual income criteria, will vary based on the Bajaj Finserv RBL Bank Credit Card you apply for.

Documents Required for Bajaj Finserv RBL Bank Credit Card

To apply for an Bajaj Finserv RBL Bank Credit Card, you need to provide following documents for verification:

• Proof of Address

• Recent passport-sized photograph

• Government issued ID proof
  ** Additional documents might have to be submitted during the application process

Factors Affecting Bajaj Finserv RBL Bank Credit Card Eligibility Criteria

Age

Age is one of the most important factors affecting an applicant’s eligibility for availing a credit card. If an applicant is too young or too old, their application may be rejected.

Credit Score

Even before you are asked to share the documents required for an Bajaj Finserv RBL Bank Credit Card , your credit score will be assessed by the lender. The credit score denotes your reliability as a borrower and is a huge factor in whether your application will be approved or rejected.

Debt-to-Income Ratio

As soon as you apply for an Bajaj Finserv RBL bank credit card, documents will be assessed to analyse your debt-to-income ratio. The lender will prefer lending to a borrower with a lower debt-to-income ratio as compared to somebody with a higher debt-to-income ratio as it indicates that the borrower will be able to repay the credit card dues with ease.

Other Credit Card Dues

For availing an Bajaj Finserv RBL Bank Credit Card, documents will need to be furnished by you to demonstrate whether or not you have any outstanding dues on any prior credit card. This will show the lender whether you can be trusted to repay your credit card dues.

Multiple Credit Enquiries

If you have made multiple enquiries for credit cards, loans or other forms of capital; it will reflect badly on your Bajaj Finserv RBL bank credit card eligibility. Even Bajaj credit card requirements mandate that the applicant must not have made more than a certain number of credit enquiries.

How to Improve Bajaj Finserv RBL Bank Credit Card Eligibility?

While there are many factors that affect your application for a credit card from RBL, it is important to understand that there are ways for you to improve your chances as well. These are:

• It is important to improve your credit score by closing your existing unused bank accounts and even increasing your total income

• Ensure your debt-to-income ratio is high by paying off outstanding amounts on other credit cards and repaying any loans you may have availed earlier.

• Once you have submitted a credit card application to RBL, ensure you don’t approach any other lender.

• Pay all bills in a timely manner and avoid fees and fines on delayed payments.