What is credit card eligibility for minimum salary users?


Ease of use, convenience, and security are a few reasons why credit cards are gaining immense popularity. 

Individuals rely on credit to make life easier, whether it is making a small payment for a cup of coffee or paying for one’s monthly phone bill. 

With credit cards having become an integral part of an individual’s daily life, credit card eligibility needs to be minimum and easy to meet. 

Using a credit card is quick and hassle-free as long as individuals make their payments in full each month. 

This will ensure they can enjoy the convenience of a credit card without incurring interest charges.

Credit Cards: A lucrative payment tool

As of Sep 2021, only 3 in 100 Indians had a credit card. Although the credit cards market is growing in popularity, there is still a lot of scope for card-issuing companies to tap the card payment market.

To increase the adoption of credit cards, issuers are trying to introduce cards that are customised to the customers’ needs and provide attractive benefits to make them even more appealing. 

Based on individuals’ needs, there are cards to earn rewards in categories like entertainment, shopping, dining, travel, etc. 

Further, one can get the annual card fee waived if one crosses the minimum spending limit. They can also receive cashbacks, and gift vouchers for their spending.

What are the credit card eligibility criteria?

To apply for a new credit card, individuals need to confirm that they meet the issuing banks or NBFCs’ requirements. 

The eligibility requirements vary across issuers. 

Further, one can also expect their application to be rejected if they do not meet the eligibility criteria.

Generally, the credit card eligibility criteria for minimum salary individuals are:

1. Age

Different issuers can have different age requirements to provide a credit card to the user. 

Ideally, to avail of a credit card, individuals are required to be between the age of 18 to 65 years.

However, some banks require applicants to be at least 21 years old to apply for their first credit card. 

Individuals can check this information on the credit card issuer’s website.

2. Nationality

Nationality is another criterion that minimum salary users have to fulfil to avail of a credit card. 

Most banks offer cards to Indian residents and non-residents, but some are limited to Indian citizens only.

3. Occupation 

Any person in India, whether they are a salaried or self-employed individual, can get a credit card. 

However, eligibility criteria will vary across issuers. 

Another factor that affects credit card eligibility is employment status. 

For example, a person with long-term employment will have an easier time getting a credit card than someone who needs to change jobs every year.

4. Income

To get a credit card, individuals will also have to fulfil the income requirements of the issuer. 

Ideally, according to top issuers, to get a credit card, the individual should have a minimum annual salary between Rs. 1 lakh to Rs. 4 lakh. 

Further, the minimum salary for credit cards required may also differ on the credit card individuals choose; thus, they can examine the eligibility criteria of the issuer before applying for a credit card.

5. Credit Score

When individuals apply for a credit card, their credit score is one of the factors that the lender will consider. 

The credit score indicates a person’s ability to handle debt. 

The issuer uses a credit score to decide whether to issue a credit card to the person or not. 

It indicates how likely a person will pay the bills on time, and the potential risk lenders are taking when they provide credit. 

The credit score required to avail of a credit card may differ across issuers. 

A credit score between 750 and 900 will typically be considered good, and a score below 750 might get rejected. 

Generally, to get a credit card, minimum salary individuals should have a minimum credit score of 750.

6. Location 

A few banks offer credit cards to people who reside in specific cities. 

So when minimum salary individuals are applying for a credit card, they must make sure that the city they live in is eligible.

Documents required to avail of a credit card

When applying for a credit card, the documents required will depend on the category of person and the issuer. 

Usually, for salaried employees, the documents required are:

  • Proof of Identity (any one of the documents): PAN Card, Aadhaar Card, Voter ID Card, Driving Licence, Passport.
  • Proof of Address(any one of the documents): Passport, Voter ID Card, Utility Bill, Driving Licence, Ration Card.
  • Proof of Income (any one of the documents): Form 16, Salary slips, Income Tax Returns (ITR). 
  • Proof of Age (any one of the documents): Birth certificate, 10th standard school certificate, Voter ID Card, Passport.


Thanks to the internet and advancements in technology, credit card companies have made it easier and more convenient for customers to access the benefits of their cards.

Moreover, credit cards have transformed from a lending product into an omnipresent means of payment. 

Nowadays, people spend less time thinking about their payment options and more time focusing on what they want to do with their money. 

From online transactions and on-demand account statements to mobile payments, the benefits of using credit cards are more readily available than ever.

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