RBL Bank Credit Card Eligibility

Bajaj Finserv RBL Bank Credit Card Eligibility And Documents Required

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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:

Criteria

Requirements

Minimum age requirement

21 years

Maximum age limit

65 years

Employment

Salaried or self-employed professional

Annual Income

Varies from card to card; for most cards ₹3 lakh annually

Credit Score

High score (750 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.

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: You can share your Aadhaar, driving license or voter’s ID

  • Proof of Identity: You could share your bank statement, driving license, voter’s ID or your pension book

  • Proof of Income: You will be asked your bank statements, ITR and the payslips issued by your employer

  • PAN card is a mandatory document

  • Passport size photos will also need to be shared

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 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 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 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.

FAQs on Bajaj Finserv RBL Bank Credit Card Eligibility Criteria

  • ✔️Who is eligible for an Bajaj Finserv RBL Bank Credit Card?

    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 65 years old

    • You must have a good credit score (750 and above favoured)

    • You must meet the card-specific income requirements

  • ✔️What is the minimum salary required for an Bajaj Finserv RBL Bank Credit Card?

    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.

  • ✔️Can a student apply for an Bajaj Finserv RBL Bank Credit 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 Finserv MARKETS website/ app.

  • ✔️How do I apply for a Bajaj Finserv RBL Bank Credit Card?

    To apply for an Bajaj Finserv RBL Bank Credit Card follow the steps mentioned below:

    1. Click on the ‘Apply Now’ option on this Finserv MARKETS page.

    2. 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.

    3. Click on the ‘Check Your Offer’ option.

    4. Validate with the OTP sent to your registered mobile number.

    5. You will be able to view and apply for the credit cards you are eligible for.

  • ✔️Will my existing credit cards affect my application for an Bajaj Finserv RBL Bank Credit Card?

    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.