Every line of credit or loan requires the lender to check the applicant’s creditworthiness. The applicant has to meet certain criteria to get their credit card application accepted. These parameters constitute credit card eligibility.

Every credit card company has its own policy when it comes to the minimum credit score for a credit card. However, keeping your credit score above 680-700 is always good to get any credit card application approved.

Yes, the applicants need to show the last 3 months of bank statements or salary slips for their credit card application.

Yes, you can get a credit card without any credit history. The banks provide applicants to take a credit card against a fixed deposit or as an add-on card. Such cards are secured.

The minimum income requirement is different for every credit card. Talk to the credit card POC to know more about the requirement.

It depends. A low credit score limits your options. However, banks offer credit cards to applicants with bad credit at high-interest rates. If you can’t get a traditional credit card due to bad credit score, apply for a secured one.

The simple answer is yes. As long as you meet the minimum income requirement coming from various sources into your bank account, your application will most likely be approved. The flow of income should be stable.

Yes, students can get a credit card if they meet the eligibility criteria set by the banks. Credit cards can be issued to a student in 3 different ways:
Against a fixed deposit
As an add-on card
Good savings account

You can have as many credit cards as you want to.

Yes, you can get a credit card if you are unemployed. As long as you have other sources of income like rental income, alimony, royalty, small business income, etc., you can show proof of the same during the application to get a credit card.

Retired citizens can also get a credit card. They can show proof or other sources of income to get a credit card. A stable source of income, investments in fixed deposits, and a supplementary/add-on credit card can help retired citizens to get their credit cards approved.

Freelancers or self-employed can easily get a credit card if they show proof of their business income with their application. The income flow should be stable and regular, in order to show the stability of their business for the long term.

Yes, it is possible to get another credit card, even if you have a low credit limit on your existing card. However, this is quite subjective and may differ for different banks issuing credit card.

It depends on the credit card company’s policy. If you have a history of late payments on your credit report, you will either not get your application approved, or get a low limit on your credit card with high interest.

Probably not. A high debt-to-income ratio doesn’t give lenders the assurance that you will be able to pay your credit card bills on time. After all, traditional credit cards are unsecured loans.

The following documents are required to apply for a credit card: Proof of Identity (Aadhaar, Passport, PAN card, and others) Address Proof (Ration card, Aadhaar, Driving License, Rental agreement, etc.)

Proof of income (salary slips, bank statements, etc.)

You cannot apply for a credit card if your bankruptcy proceedings are still in progress. However, you can apply for the same after the bankruptcy is discharged. The process might take some time and can be complex.

Yes, you can. Check with the credit card companies for more details about the same.

Credit card companies have a set of eligibility criteria for their cards. If you have a really good credit history, the company will offer you premium cards and a better limit.

Yes, you can apply for a credit card with the same issuer. The pre-existing relationship with the issuer can help you negotiate a better interest rate and a credit limit.

The basic age requirement for a credit card (including a student credit card) is 18 years. However, traditional credit cards may have a different age requirement. Check with the credit card company to know the details.

You can apply for almost all credit cards online. The application process for an Credit card is completely digital and paperless. For example, you can apply for the Airtel Axis Bank Credit Card online or from the Airtel Thanks app.

What is the residency requirement for getting a credit card?