2019: 19 Credit Cards for Rs.20,000 Salary Earners

Card companies are always keen to give access to credit but eligibility criteria makes it tough for many to avail the opportunity. Whether you are self employed or salaried, income plays a key factor in approval. And individuals with low income are always deprived of credit although they need it the most. However remember that, income is never the only deciding factor but is the most important factor.

Listed below are the credit cards for individuals earning minimum Rs. 20,000 per month i.e. Rs. 2,44,000 per annum. Typically banks ask for net income i.e. how much money you make after taxes and other deductions.

Vijaya Bank

Credit Card NameMonthly Income Required (In Rs.)
Visa Classic5,000
Visa Global10,000
  • Applicant should be account holder of the bank.
  • Credit limit is Rs. 2,00,000 and above
  • Both the cards are valid for 3 years.
  • You can get add-on card for your family members.
  • Joining and annual fee is Rs. 400.
  • You can also get these cards against fixed deposit. For Global, FD amount should be Rs. 1,00,000. And for Classic card, amount should be Rs. 50,000.

Syndicate Bank

Credit Card NameMonthly Income Required (In Rs.)
Classic 5,000
Gold 12,500
  • It is a lifetime free credit card.
  • Primary card holder can apply for add-on card.
  • Owner of the card can have his/her photo on the card.
  • Free credit period from 20 days to 50 days.
  • Cards are issued for 5 years.

Jammu and Kashmir Bank

Credit Card NameMonthly Income Required (In Rs.)
Empowerment6,666
Empowerment12,500
  • There are three variants – Blue, Silver, Gold
  • Add-on card can be availed by the primary card owner
  • 20-50 day credit free period
  • Credit limit is Rs.25,000 (Blue), Rs.50,000 (Silver), Rs.1,00,000 (Gold)

Indian Bank

Credit Card NameMonthly Income Required (In Rs.)
Gold12,500
Classic12,500

Central Bank of India

Credit Card NameMonthly Income Required (In Rs.)
MasterCard Titanium12,500
Visa Gold12,500
RuPay Platinum12,500
  • Free credit period upto 55 days
  • 1 reward point for every Rs. 100 spend
  • There is no joining fee
  • Card owner gets personal accident cover (against death) of Rs. 1,00,000

Canara Bank

Credit Card NameMonthly Income Required (In Rs.)
Canara Visa Classic / MasterCard Standard8,333
Canara Gold16,667
  • Minimum card limit is Rs.25,000 and maximum of Rs. 25,00,000.
  • No joining fee
  • Maximum Rs. 50,000 cash advance limit

Corporation Bank

Credit Card NameMonthly Income Required (In Rs.)
Gold 15,000
  • Photo of the card holder is present on the card
  • Primary card owner can get add-on card for his/her family members
  • Free credit period of maximum of 50 days

Bank of India

Credit Card NameMonthly Income Required (In Rs.)
India Card6,250
Visa Gold12,500
Visa Gold International12,500
  • Card can be used for domestic purpose only
  • You can get add-on card for family members
  • Flexible credit limits for add-on cards

Bank of Baroda

Credit Card NameMonthly Income Required (In Rs.)
Titanium16,667
  • Free add-on card
  • Free personal death cover
  • Up to 50 days of interest free credit period

Axis Bank

Credit Card NameMonthly Income Required (In Rs.)
Axis Bank Gold12,500
  • No joining and annual fee
  • Up to 50 days free credit period
  • 1 reward point on Rs. 100 spend

Andhra Bank

Credit Card NameMonthly Income Required (In Rs.)
RuPay Platinum15,000
  • Interest free credit period of 21 to 50 days
  • Personal Accidental Insurance Coverage of up to Rs. 2,00,000
  • Get add-on card for family members

However remember that income is just one of the eligibility factor for all of the above listed card issuing banks.

Other factors include:

  • Company you work for
  • Credit history should be good
  • City you reside in
  • 18 years of age
  • Should be salaried or self-employed
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