12 Easiest Credit Cards to Get in India, 29 Cards for Rs.15000 Income
Keeping cash in wallet is always dangerous because of the risks of damage and theft, as the stolen money cannot be recovered. This is the reason people want to carry out payments digitally using credit or debit card, online transfer, mobile wallets, PayPal etc.
Of all these payment methods, credit card is most convenient due to following reasons:
- Most important one is that the user gets FREE MONEY each month. This feature is what attracts users to own a credit card.
- Helps in building credit history
- Saves money in the form of rewards, cash back, discounts, etc.
- Highly secured
- Accepted worldwide and many more
Easiest Credit Cards to Get in India
However FREE MONEY is the main reason why card issuers get many applications either for a new one or increasing the limit.
However this does not mean everyone gets approval. This is because of the strict eligibility criteria which issuers put to avoid loss. But this does not mean getting a credit card is difficult.
There are two easy ways to get credit card in India as mentioned below:
- Supplementary credit card
- Credit card against fixed deposit
(1) Supplementary Card
The first option without the user having to prove his/her creditworthiness is add-on or supplementary credit card. It is similar to having a joint bank account. If your family member owns a credit card and has good repayment and transaction history, then he/she can apply for a supplementary card for his/her family members (spouse, parents or children). This is the reason why this credit card is easy to get in India.
The credit limit gets divided between the two cards (primary and secondary). Monthly bills are in the name of primary card holder and statement is consolidated.
The name on the new card is of the secondary owner. Although this is a hassle free way to get card in India, using it irresponsibly will affect the credit score of the primary owner. So be very careful while using the card.
This card is best recommended for:
- Retired senior citizens
- Individuals with poor or no credit history
Easy to Get Add-On Credit Cards
You can get following add-on credit cards easily:
- Aqua – Kotak Mahindra Bank
- Urbane – Kotak Mahindra Bank
- PVR Platinum – Kotak Mahindra Bank
- Sapphiro – ICICI Bank
- Signature – ICICI Bank
- Rubyx – ICICI Bank
- Silver – HDFC Bank
- Gold – HDFC Bank
- Titanium – HDFC Bank
- Unnati – State Bank of India
- Simply SAVE – State Bank of India
- Simply Click – State Bank of India
Note that there are many other cards and banks that provide add-on card.
So if anyone in your family member wants a card, ask the primary card owner to contact the bank and apply for the same. And depending on the payment history, credit score; banks will take a decision on the approval.
(2) Cards against Fixed Deposit
Secured card is also an easiest way to get credit card to get approved in India.
All you need to do is open or use existing fixed deposit account and get card against it. The credit limit offered is 80%-85% of the FD amount kept with the bank. The biggest advantage is that there is no minimum income requirement and income documents, credit score is not checked. And other documents required are minimal.
Listed in the below table are the credit cards against fixed deposit in India and the minimum FD amount to be kept with the bank:
|Sr. No.||Credit Card Name||Minimum Fixed Deposit Amount Required||Card Issuing Bank|
|1||Signature||Rs. 10,000||Andhra Bank|
|2||Payless||Rs. 15,000||Development Credit Bank|
|3||Aspire||Rs. 16,000||Central Bank|
|4||Coral||Rs. 20,000||ICICI Bank|
|5||Instant Platinum||Rs. 20,000||ICICI Bank|
|6||Insta Easy||Rs. 20,000||Axis Bank|
|7||Assure||Rs. 25,000||Bank of Baroda|
|8||Usecure||Rs. 25,000||Union Bank of India|
|9||Unnati||Rs. 25,000||State Bank of India|
|10||Solaris||Rs. 25,000||Kotak Mahindra Bank|
|11||Aqua Gold||Rs. 25,000||Kotak Mahindra Bank|
|12||Advantage Plus||Rs. 25,000||State Bank of India|
Credit Cards for Low Salaried/Income Earners
This is also another easiest way to get credit card in India is against salary account. The bank account in which employee’s salary gets credited every month can help in getting a card.
However there is a myth that cards are approved to the individuals with high salary as they are credit worthy. But there are many cards for low income individuals (salaried/self-employed) as listed in the below table.
|Sr. No||Credit Card Name||Minimum Annual Income Required||Equivalent Minimum Monthly Income||Card Issuing Bank|
|2||Visa Classic for Self Employed||50,000||4,167||Vijaya Bank|
|3||Visa Classic for Salaried||60,000||5,000||Vijaya Bank|
|4||Classic for Salaried||60,000||5,000||Syndicate Bank|
|5||Classic for Senior Citizen||60,000||5,000||Syndicate Bank|
|7||India Card||75,000||6,250||Bank of India|
|8||Empowerment for Salaried||80,000||6,667||Jammu and Kashmir Bank|
|9||Canara Visa Classic / MasterCard Standard||1,00,000||8,333||Canara Bank|
|10||Visa Global for Self Employed||1,00,000||8,333||Vijaya Bank|
|11||Classic for Self Employed||1,00,000||8,333||Syndicate Bank|
|12||Gold for Senior Citizen||1,20,000||10,000||Corporation Bank|
|13||Visa Global for Salaried||1,20,000||10,000||Vijaya Bank|
|14||Freedom Card||1,44,000||12000||HDFC Bank|
|15||Bharat CashBack||1,44,000||12,000||HDFC Bank|
|16||Visa Gold||1,50,000||12,500||Bank of India|
|17||Visa Gold International||1,50,000||12,500||Bank of India|
|18||MasterCard Titanium||1,50,000||12,500||Central Bank of India|
|19||Visa Gold||1,50,000||12,500||Central Bank of India|
|20||RuPay Platinum||1,50,000||12,500||Central Bank of India|
|24||Gold for Salaried||1,50,000||12,500||Syndicate Bank|
|25||Empowerment for Self Employed||1,50,000||12,500||Jammu and Kashmir Bank|
|26||Axis Bank Gold||1,80,000||15,000||Axis Bank|
|27||RuPay Platinum||1,80,000||15,000||Andhra Bank|
|28||Gold for Salaried||1,80,000||15,000||Corporation Bank|
|29||Gold for Professional||1,80,000||15,000||Corporation Bank|
These are unsecured cards which means the risk to the issuers is high and hence other cards are generally issued to high income earners.
Note that, these credit cards are easy to get approved provided you meet other criteria as well, such as good credit score, proper documentation, etc.
So as you can see, there are three easy options to get credit card in India. And most of these cards offer cashback on fuel/grocery spend, bill pay, recharges, air and rail booking, etc. making them attractive.
But remember that, credit cards are easy to get only when credit worthiness is proven by:
- Proving good income
- Good credit score
- Keeping some kind of collateral with the bank e.g. FD.
- Proper documentation
This article has been written by Chandra Mehta.
Chandra is a seasoned banker with 35+ years of experience in banking and financial services industry. He’s a retired banker and has served as Chief Manager and Assistant Vice President in State Bank of India/or its subsidiaries. He has authored many articles on this site (allonmoney.com).