2017: 35 Credit Cards with Minimum Monthly Salary(Rs.5000 – 1Lakh)

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There are many queries asked by card applicants such as what is the minimum salary for credit card in India? And many individuals assume that credit card approval is mainly dependent on income and its proof submitted. And only high income earners get credit card approved. However this is not true.

There are cards for low salary earning individuals as well. And here is the table showing list of 35 credit cards along with minimum annual income starting from Rs. 5000 per month to Rs. 1,00,000 (1 lakh) and its equivalent monthly income required by the banks.

Sr.No.Credit Card NameMinimum Annual Salary RequiredIssuing BankEquivalent Monthly Income Required
1India CardRs. 75,000Bank of IndiaRs. 6,250
2Visa GoldRs. 1,50,000Bank of IndiaRs. 12,500
3Visa Gold InternationalRs. 1,50,000Bank of IndiaRs. 12,500
4Axis Bank GoldRs. 1,80,000Axis BankRs. 12,500
5Canara Visa Classic / MasterCard StandardRs. 1,00,000Canara BankRs. 8,333
6Canara GoldRs. 2,00,000Canara BankRs. 16,667
7Visa ClassicRs. 3,00,000Andhra BankRs. 25,000
8Visa PlatinumRs. 5,00,000Andhra BankRs. 41,667
9Visa SignatureRs. 10,00,000Andhra BankRs. 83,000
10RuPay PlatinumRs. 1,80,000Andhra BankRs.15,000
11RuPay SelectRs. 5,00,000Andhra BankRs. 25,000
12TitaniumRs. 2,00,000Bank of BarodaRs. 16,667
13SignatureRs. 12,00,000Bank of BarodaRs. 1,00,000
14Bombay BullionRs. 3,00,000Bank of BarodaRs. 25,000
15Elite PlatinumRs. 4,00,000Bank of BarodaRs. 33,333
16Select PlatinumRs. 6,00,000Bank of BarodaRs. 50,000
17Gold Rs. 1,80,000Corporation BankRs.15,000
18Visa ClassicRs. 60,000Vijaya BankRs. 5,000
19Visa GlobalRs. 1,20,000Vijaya BankRs. 10,000
20MasterCard TitaniumRs. 1,50,000Central Bank of IndiaRs. 12,500
21MasterCard WorldRs. 5,00,000Central Bank of IndiaRs. 25,000
22Visa GoldRs. 1,50,000Central Bank of IndiaRs. 12,500
23Visa PlatinumRs. 5,00,000Central Bank of IndiaRs. 41,667
24RuPay PlatinumRs. 1,50,000Central Bank of IndiaRs. 12,500
25RuPay SelectRs. 5,00,000Central Bank of IndiaRs. 25,000
26GoldRs. 1,50,000Indian BankRs. 12,500
27ClassicRs. 1,50,000Indian BankRs. 12,500
28Gold Rs. 1,50,000Syndicate BankRs. 12,500
29Classic Rs. 60,000Syndicate BankRs. 5,000
30ClassicRs. 60,000Syndicate BankRs. 5,000
31SignatureRs. 5,00,000Union Bank of IndiaRs. 41,667
32GoldRs. 3,00,000Dhanlaxmi BankRs. 25,000
33PlatinumRs. 6,00,000Dhanlaxmi BankRs. 50,000
34EmpowermentRs. 80,000Jammu and Kashmir BankRs. 6,666
35EmpowermentRs. 1,50,000Jammu and Kashmir BankRs. 12,500

So one thing to note is, income is just one of the eligibility criteria to get a credit card. Evaluation of credit worthiness of the applicant by the card companies is done on the basis of other requisites as well. These include:

  • Credit score
  • Age
  • Type of job (permanent or contractual)
  • Income is validated on submission of salary slip for last 3 months.

Additional reading: Tips on getting credit card with no income proof

Some banks also ask for (apart from card application form):

  • Income tax return document
  • Last 6 months bank statement
  • ID and address proof
  • Photograph

So as you can see above even for a monthly salary of Rs. 5000, credit cards are available. Even though very few banks offer cards for poor income earners the opportunity to start building credit history is important even though the credit limit is very low.

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