For credit card or any type of loan, the annual income is the most widely used criteria to judge whether the applicant is credit worthy or not. And based on that, the quantum of loan or credit limit is evaluated by the banks. Here is the table showing credit cards and annual income required for each by prominent banks in India and the name of the card.

Credit Card Name	Annual Income Required	Issuing Bank
India Card	Rs. 75,000	Bank of India
Visa Gold	Rs. 1,50,000	Bank of India
Visa Gold International	Rs. 1,50,000	Bank of India
Axis Bank Gold	Rs. 1,80,000	Axis Bank
Canara Visa Classic / MasterCard Standard	Rs. 1,00,000	Canara Bank
Canara Gold	Rs. 2,00,000	Canara Bank
Visa Classic	Rs. 3,00,000	Andhra Bank
Visa Platinum	Rs. 5,00,000	Andhra Bank
Visa Signature	Rs. 10,00,000	Andhra Bank
RuPay Platinum	Rs. 1,80,000	Andhra Bank
RuPay Select	Rs. 5,00,000	Andhra Bank
Titanium	Rs. 2,00,000	Bank of Baroda
Signature	Rs. 12,00,000	Bank of Baroda
Bombay Bullion	Rs. 3,00,000	Bank of Baroda
Elite Platinum	Rs. 4,00,000	Bank of Baroda
Select Platinum	Rs. 6,00,000	Bank of Baroda
Gold for Salaried	Rs. 1,80,000	Corporation Bank
Gold for Professional	Rs. 1,80,000	Corporation Bank
Gold for Senior Citizen	Rs. 1,20,000	Corporation Bank
Gold for Self Employed	Rs. 2,00,000	Corporation Bank
Visa Classic for Salaried	Rs. 60,000	Vijaya Bank
Visa Classic for Self Employed	Rs. 50,000	Vijaya Bank
Visa Global for Salaried	Rs. 1,20,000	Vijaya Bank
Visa Global for Self Employed	Rs. 1,00,000	Vijaya Bank
MasterCard Titanium	Rs. 1,50,000	Central Bank of India
MasterCard World	Rs. 5,00,000	Central Bank of India
Visa Gold	Rs. 1,50,000	Central Bank of India
Visa Platinum	Rs. 5,00,000	Central Bank of India
RuPay Platinum	Rs. 1,50,000	Central Bank of India
RuPay Select	Rs. 5,00,000	Central Bank of India
Gold	Rs. 1,50,000	Indian Bank
Classic	Rs. 1,50,000	Indian Bank
Gold for Salaried	Rs. 1,50,000	Syndicate Bank
Gold for Self Employed	Rs. 2,00,000	Syndicate Bank
Classic for Salaried	Rs. 60,000	Syndicate Bank
Classic for Self Employed	Rs. 1,00,000	Syndicate Bank
Classic for Senior Citizen	Rs. 60,000	Syndicate Bank
Signature	Rs. 5,00,000	Union Bank of India
Gold	Rs. 3,00,000	Dhanlaxmi Bank
Gold - Self Employed	Rs. 4,00,000	Dhanlaxmi Bank
Platinum - Salaried & Self-Employed	Rs. 6,00,000	Dhanlaxmi Bank
Empowerment	Rs. 80, 000	Jammu and Kashmir Bank
Empowerment	Rs. 1,50,000	Jammu and Kashmir Bank

It’s a myth that only high income earning individuals get credit card. The table above shows that if the card applicant has poor salary (e.g. less than Rs. 10,000 or 15,000 per month i.e. Rs. 1,20,000 or Rs. 1,80,000 per annum respectively), then also he/she can apply and get card approval. This is subject to the condition that the applicant also meets other eligibility criteria such as good credit score, submits all valid documents, etc. Note: The income mentioned above is as on January 2019. Banks keep on changing the terms and conditions and processes each application differently as per their rules. So if credit card application of low income earner gets approved that does not mean, application of other will also get approved. This is because every application is different. For more clarifications, please contact respective banks. Also, most banks do not specify income for many of their cards. You can visit respective bank or their website for details on more cards. There is a possibility that you may get better option than the ones listed above. If card application gets rejected then no need to worry. There are few other options to get card as follows: Add-on card: If any of the applicant’s family member (brother, sister or parents) has a credit card and a good CIBIL score, then he/she can apply for a supplementary card. But remember that, any default made by the add-on card holder will impact the credit score of the primary card owner. Banks will not ask for income proof of the supplementary applicant. Credit card against fixed deposit: You just need a FD account with the applicant bank. There is a minimum amount that you need to keep with the bank in order to get the card. Depending the amount, the card limit is set. There is no income proof required and documentation required is minimum since most of the details of the FD account holder are already held by the bank.

Author Bio:

Hi, I am Nikesh Mehta owner and writer of this site.

I’m an analytics professional and also love writing on finance and related industry. I’ve done online course in Financial Markets and Investment Strategy from Indian School of Business.

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