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:
Criteria |
Requirements |
Minimum age requirement |
21 years |
Maximum age limit |
70 years |
Employment |
Salaried or self-employed professional |
Annual Income |
Varies from card to card; for most cards ₹3 Lakhs annually |
Credit Score |
High score (720 and above favourable) |
Do note that the eligibility criteria, especially annual income criteria, will vary based on the Bajaj Finserv RBL Bank Credit Card you apply for.
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
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.
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.
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.
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.
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.
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.
To be eligible for an Bajaj Finserv RBL Bank Credit Card, you need to meet the below-mentioned eligibility criteria:
You must be a salaried or self-employed professional
You must be between 21 and 70 years old
You must have a good credit score (720 and above favoured)
You must meet the card-specific income requirements
The minimum salary required for availing an Bajaj Finserv RBL Bank Credit Card is ₹25,000 a month or ₹3,00,000 annually. This may, however, vary based on the card. You can call the Bajaj Finserv RBL Bank Credit Card customer care for additional details with respect to your chosen card.
No, Bajaj Finserv RBL Bank Credit Cards can only be availed by working professionals. Students can apply for a student credit card. To know more about the benefits of student credit cards visit the Bajaj Markets website/ app.
To apply for an Bajaj Finserv RBL Bank Credit Card follow the steps mentioned below:
Click on the ‘Apply Now’ option on this Bajaj Markets page.
Select your profession, enter your registered mobile number, your date of birth in DD/MM/YYYY format and your name as per your PAN Card.
Click on the ‘Check Your Offer’ option.
Validate with the OTP sent to your registered mobile number.
You will be able to view and apply for the credit cards you are eligible for.
Yes. Since your existing credit cards affect your credit score, it will have a role to play on your application for an Bajaj Finserv RBL Bank Credit Card as well.