ICICI Bank Credit Card for Low Income Earners & Income Required
- Lifestyle or shopping
- Dining and others
|Sr. No||ICICI Bank Credit Card Name||Minimum Annual Income Required in INR||Equivalent Minimum Monthly Income in INR|
|10||Instant Platinum (Card Against Fixed Deposit)||20,000 (FD amount required)|
|11||Coral (Against Fixed Deposit)||20,000 (FD amount required)|
Benefits of cards against FD:
- No income criteria, so no income related documents required such as monthly salary slip or income tax return proof. All you need is FD account with ICICI bank with the above mentioned minimum amount. Higher the FD amount, higher would be the credit limit.
- Minimum documentation. Since the bank already has most of the details of the account holder.
- No credit history is checked, and others.
Benefits of ICICI Bank Credit CardDepending on the card taken, consumers get following benefits:
- Discounts on online or in-store shopping, eating out, watching movies and more
- Fuel surcharge waiver
- Discounts at petrol pumps
- Free air miles
- Discounts on base fare while booking tickets online through the partner airline’s website
- Airport lounge access (domestic / international)
- Excess baggage allowance
- Reward points
- Payback points
- Complimentary movie tickets
Eligibility criteria:In order to get credit card from ICICI, the applicant should meet following criteria in addition to the income, as mentioned in the above table:
- Should be 18 years of age
- Must have a good credit score
- ID and Address proof
- Latest salary slips (3 months)
- Bank statement and income tax return statement, in case applicant is self employed
- Business presence proof, if applicant is self employed businessmen
Different charges:With features and benefits comes various charges as follows:
- Joining and annual fee
- Processing fee
- Late payment
- Cheque bounce and others
- Loss of card
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).