2022: 16 Credit Cards for Low Income Earners, INR 10000 Minimum Income Required
Credit card for low income earners, is it really possible?
This is a very common question asked by individuals earning low salary/income and requiring credit card. After all everyone needs a card to avail benefits which are not possible in case of other modes of payment in India (e.g. cash).
But when someone with low salary (or high salary) applies for a card; annual income is the most important eligibility criteria considered by the card issuing bank.
For e.g. a person with a monthly salary of Rs. 75,000 has higher chance of credit card approval compared to a person with an income of Rs. 25,000 per month. Although there are many other eligibility factors such as type of employment (full-time or part-time, place of living and others), credit history, etc. but your income plays the most significant role.
And income (in case of self employed) and salary (in case of working professional) is the best factors for judging any applicants’ repayment capacity. Basically it is assumed that – higher the salary, higher is your capability to pay dues every month and lower the income, lower would be the repayment capacity.
Can a poor income earner get a credit card in India. How, and what is the minimum salary required?
The answer is YES.
There are many credit cards for low income earners in India.
The next obvious question is – how can a person with low income in India get a credit card and which lenders provide card to such individuals?
Below is the list of 16 banks offering credit card to low income earners (Rs. 10,000 minimum per month) along with the MINIMUM ANNUAL salary requirement.
|Sr. No.||Bank Name||Credit Card Name||Minimum Annual Income Required (in INR)||Equivalent Monthly Income (in INR)|
|1||Corporation Bank||Gold for Senior Citizen||1,20,000||10,000|
|2||HDFC Bank||Freedom Card||1,44,000||12,000|
|3||HDFC Bank||Bharat CashBack Card for Salaried||1,44,000||12,000|
|4||Corporation Bank||Gold for Salaried Professional||1,80,000||15,000|
|5||Corporation Bank||Gold for Professional||1,80,000||15,000|
|6||Andhra Bank||RuPay Platinum||1,80,000||15,000|
|7||Corporation Bank||Gold for Self Employed||2,00,000||16,667|
|8||HDFC Bank||Bharat CashBack Card for Self Employed||2,00,000||16,667|
|9||State Bank of India||SimplySAVE||2,16,000||18,000|
|10||State Bank of India||SimplyCLICK||2,16,000||18,000|
|11||Corporation Bank||RuPay Platinum||2,50,000||20,833|
|12||HDFC Bank||Times Titanium Credit Card||3,00,000||25,000|
|13||HDFC Bank||MoneyBack Credit Card||3,00,000||25,000|
|14||Yes Bank||Prosperity Reward Plus||3,00,000||25,000|
|15||HSBC Bank||Smart Value||3,00,000||25,000|
|16||Dhanlaxmi Bank||Gold Card||3,00,000||25,000|
Income proof required by the banks
Card issuer will ask for following documents related to your income:
- Salary slips/certificate for last 3 months for working professional
- Income tax return document for self employed
- Latest bank statement indicating salary credited for minimum 3 months for working professional
Note: Please check with each of the above mentioned banks on other requirements and documents for getting a card other than annual income. Every bank has a different set of requirements.
Cards against Fixed Deposit – Another Option for Poor Income Earners to Get Credit Card
Other way for a low income earner to get credit card is against FD. Cards against fixed deposit is one of the easiest way to get a card when earning is poor. This is because, income is not the eligibility criteria for cards against FD. Instead issuing bank requires fixed deposit account with minimum deposit. Check out 17 credit cards against fixed deposit offered by various banks in India.
Basically applicant needs to put fixed amount of money as a security with the bank and get card against this security. The credit limit offered is 80%-85% of the FD amount. The table below shows list of banks offering cards against FD:
|Sr. No||Credit Card Name||Minimum Fixed Deposit Amount Required||Card Issuer|
|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|
|13||Galaxia||Rs. 1,00,000||Kotak Mahindra Bank|
In fact, this is the most easy option for poor income earners to get a credit card due to the following benefits:
- No credit history check
- Low interest rate
- Very few documents required as the bank already has documents when FD was opened.
- No income limit. So no need to provide income related documents such as salary slip, IT returns, etc.
Check out: Personal loan for poor income earners
Limitations of Low Income Credit Cards
Credit limit is low for individuals earning less. And more over individual’s spending is restricted to less than 3 times of the monthly income. Also if employed in a reputable company (preferably listed company) then it’s an advantage for the applicant. But for a beginner these banks offer a great opportunity to start building a credit history.
How low income earners should save money?
Low annual income earners can save good amount of money by selecting credit cards with zero annual and joining fee. Another money saving tip is to buy card with low interest rate.
Once you get your first credit card, maintain long relationship with the financial institution by making all the monthly repayment before the due date and fully, not spending beyond the credit limit, avoiding paying minimum balance, etc.
This will increase your chances of getting a credit card or loan (personal, car, two-wheeler and others) from some other lender in the future or existing card issuer will increase the credit limit and offer low interest rate. This is because nowadays companies also check your repayment history along with other factors such as age, profession, type of job/business, and others.
Also read, how low income professionals can earn extra money in India in a authentic way.
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. I can be reached at [email protected].
My salary is 18000, can I apply for credit card?
Hi Ravindra – YES, you can apply and are also eligible to get credit card based on your salary. If you are looking for saving money, then you may also try credit card against fixed deposit. Check this out – https://www.allonmoney.com/credit-cards/against-fixed-deposit/
My salary is 9700 i want credit plz help any Bank
Hi Arun, based on your income – you have these 3 options to get a card:
(1) Apply for these cards – Canara Bank (Visa Classic/Mastercard Standard Card), India Card by Bank of India, Bharat card by Indian Bank.
(2) If any of your family member has credit card, then ask them to take add-on card (also called as supplementary card).
(3) Apply for cards against fixed deposit. Visit this link for more details
Hope we were able to help with your query. Thank you.
My Monthly Gross salary is Rs.16000/- & Nett is Rs.15800/-. I have approached the above said banks like sbi, hdfc, icici, axis etc. but the reply is that your company is not under our list. My company is a partnership firm and my salary is transferred to SBI only. even though they have not giving proper reason. I have also checked with CIBIL and it reflects above 750 only. I want to know the reason why bank is not willing to share their views to the customers comes under low income.
Please do reply to apply for the credit card.
Dear Lalitha, such issues are quite common as the final decision is upto to the bank only. But was your card application rejected by all the banks? You can also try for card against fixed deposit. In this case, bank will not ask for income/employer. You can read more about this here. Do keep posted the outcome.
I earn 12000 salary. I want credit card.
Dear Vasanthi, did you apply at any of the banks listed above? Assuming you meet all other eligibility criteria apart from income, getting a card should not be a problem.
Hi Sir, my salary is 8500. Can I apply for credit card. And how to apply.
Dear Sunil, definitely you can apply. The application process varies for each bank. And nowadays everything can be done online on the bank’s website. Hope this helps.
I have a salaried account with axis bank India.
My in hand salary is 18000+ per month.
Can I get a axis bank credit card?
Thanks in advance for helping!
Dear Himanshu, thank you for visiting the blog. Based on your income you are eligible to get Axis bank credit card.
My salary is 9500. Can i apply for a credit card..
Dear Sagar, based on your income you can apply for Bharat card by Indian Bank, Visa Classic/Mastercard Standard Card by Canara Bank, Visa Classic/Mastercard Global by Vijaya Bank. You can also get card against fixed deposit from these banks: Kotak Mahindra (Solaris Card), ICICI Bank (Coral Card), Andhra Bank (Signature Card). Please visit this link for more details on cards against fixed deposit.
hiii sir my name md tabrezahmed i my gross salary 25000 and my net salary is 15000 can i aply credit card
Hello Mohammed, your income is good enough to get a card. Please check my response made to Sagar above. Remember that income is just one criteria (although the most important one) to get the card. Hope this helps.
Hi, my salary is 16217 can l apply for credit card?
Yes, you can apply for a card at the banks listed in this article. Thank you.
My salary is 11500. Can I apply for credit card? My monthly income 16000 to 19000.
Hey Martin, yes you should try applying for the card. However remember that, acceptance depends on various other factors such as past repayment history, credit score etc.
My salary is 9500 and I require credit card. Can I apply for credit card?
my salary is 8000/- Which bank give me credit card ?
Dear Rahul, please contact above listed banks in which income requirement is met. Do share if you get success. It will help other readers of this website.
My Salary Is 14000 / – Can I Apply Credit Card On Punjab national Bank
hi my salary is 20500 than how to apply credit card. plz let me know
My salary 10940/- rupees. Can I apply for sbi credit card?
Yes, you can apply.
salary is 12953, i am in need of credit card, any ways to get the credit card
Sir I have own commercial taxi self operated, attached with OLA and UBER and I do earn arround 30000/- per month can I take credit card plz help me
Yes, since you are self earning and into different profession, please approach above listed banks.
Since you are self earning and into different profession, please check with above listed banks. But based on my experience your income meets atleast the income criteria, so it should not be a problem for you. I believe you meet other eligibility criteria.
I have 11700 salary .can i get credit card
Dear sir.. i have a credit card against my fd now can i aply regular credit card against my fixed diposit security credit card.pls help
Sir im a army pensioner and my monthly payment is Rs-13000.Please can i apply for credit card .Thanks
Hi iam earning 17000 and i want to apply credit card
anup kumar gupta
Hi pls helf me my salary is 12500 but i want credit card
hi my salary is 17000 by hand 15000
can i apply icici credidt card it is possible are not
My salary is 14800 and want to apply for credit card.
Hello Mintu, Did you try approaching any of the above listed bank? You should not face any problem in approval.
I get Rs. 10000 salary. Can I get credit card for this income?
Dear Vinoth, you can get card. Please approach any of the above listed banks. Thanks.
Hi sir my self Vishwajit Das from Bharti Airtel designation (cro) I need a personal loan up to 70,000 my monthly income is 10,000 so can u help me out from this situation….. Plzzz do the needfull ……
Dear Vishwajit, try peer to peer lenders. Loan approval chances are higher.
i want to credit card
Please contact banks listed in the above article.
Hi pls helf me my salary is 11000 but i want credit card
Dear Rabi, did you approach above listed banks?
dear sir no appoval the listed bank. pls help
my monthly salary Rs.18500 nd i want to apply credit card plz get in touch with me as soon aa possible
i am self-employed my monthly in come low my monthly is 25000 i want card
Dear Sridhar, Refer this link: http://www.allonmoney.com/credit-cards/for-self-employed-in-india/. The article contains how self employed can get credit card in India.
sir i want to apply for credit card but my salary is 11000 rps only apart from incentive i got more than 5000rps incentive per month can i apply for that plz suggest me Thank You
Dear Sohail, There are many factors taken into consideration by banks before approving credit card. Salary is one of them. I request you to contact above listed banks for credit card. Best of luck!
Sir I am job to nbhc company. And. My salary 9000 can I apply. Credit crad Hdfc
Hi am a govt empliyee my gross sallery is 28,500 and net sellary is 23,000 i have my sellary slip form 16 But and i have applied for sbi,kotak,rbl,indusan bank but no one of them approved my application and reply is not meeting eligiblity ctitaria so what can i do?? plz help !
My salary is 9500 per month and also extra income 65000 yearly can i apply for credit card?
hi ,this raghava i what to apply for credit card throught online
I have a salaried account with Citi bank India.
My in hand salary is 19000+ per month.
Can I get a citi bank credit card?
Thanks in advance for helping!
Iam self employed monthly income 45000 apply credit card pls tell me
Hi sir my monthly salary is 14236 and iam so much of interest to apply for the cradit card…can u plzz help me out…..my contact no is 9066837138 plz contact me…..
Hi, I am self employed and I make 3,00,000 annually but the only thing is that I have the ITR of 13-14 and the ITR of 14-15 will be submitted from my end after 6 months so is there any way I can get a credit card?
Generally 2 years of ITR with proper computation of income/business profile/profit and loss statement will do
My salary is 17000 I want to apply cridet card,,,pls cantact 9822453456
Nitin Raju Vernekar
My salary is 8900 net and my mobile no is 8970705222
I am working in axis
Nitin Raju Vernekar
Looking for 40000 Loan
my salary 16k.Can i apply for credit card
I want credit card
My salary is 21000 I want to apply credit card
Iam Working At Taj Falaknuma Palace Hyderabad Past From 5 year Exprience As a hotel Industry My Salary Is 9500 /- Per Month After Pf And Esi Iwill Get 8600 Or 8300 Per Month I requets You To Kindly Need A help Full And At The Same Time I Dont Have Created Card at All Iwill Likes To Apply For That,
My salary is 13000, How can I apply for a credit card. please contact 9545606059 loc-pune
Hi pls helf me my salary is 9000 but i want cd
my salry is 6500 per month can i apply for credit card???,, if i applied what is the limit for that..
Hi, I looking after my Dads Proprietorship concern, My monthly salary is Rs. 1 Lac..
I having TDS and ITR for the same. But PF is not accounted… Is i am eligible for Credit card?
hi i’m raju mondal.I need a credit card. my sallary monthly rs 7500.I have sallary payslip, & joining of sallary details, .is there anybody to help me how to get credit card??please advise me….phone -7278021672. [email protected]
my salary is 10000 i want bank of baroda credit card help me for geting my credit card
My salary 23000/- per month. But earlier I have taken personal loan. During the Emi have some cheque bounce. They are put civil in my name. Now loan has been settled before one months. Again I have to applied credit card but it is rejected.
Plz help how will get credit card
my salary 15,488.00 I want credit card
My Salary Is 12700/- Can Apply For Credit Card
My salary11364on a/c HDFC I make cradit card
I want to apply fr credit card..once I applied fr axis bnk btt thy dnt make still its pndng… can u plz talk once 9717701115
Hi my annual salary income is 180000 but my tke home salary i get is 12000,11300 it depends on my working days so im looking for a credit card but im not getting a good credit card so please suggest me a good card as per my salary
My salary is 180000 yearly , what limit for Credit Card shopping
I need credit card
My salary met 23570″
I have no Itr documents
But I have salary slip and bank statement
Can I get possible credit card ?
my salary 13000 I want credit card
My salary is 9500 and i dont want credit card against fd and i dont have a itr so what can i do plz help us
Dear Ashwani, ITR is the most important document required. Do you have salary slips and bank statement. If you have at least these documents then there are 95% chances for getting card approval? Of course, card issuers have full rights to take any decision.
my sellary is low but i want …
My salary is 13000, How can I apply for a credit card.
I dont want credit card on FD.
Dear Zubair, please contact above mentioned card issuers which fits your salary range. Card issuers would be more than happy to provide you the card once you meet all their eligibility criteria apart from the salary. Best of luck!
MY SALARY IS 10000, CAN I APPLY CREDIT CARD
Dear Rupesh, you can apply for the card even if your salary is low. But card companies also consider many other factors before approving card to someone. You can also apply for credit card against fixed deposit. Refer this ICICI link: http://www.icicibank.com/Personal-Banking/cards/Consumer-Cards/Credit-Card/coral-visa-credit-card-against-fd-key-privileges.page
Best of luck!
Well here is what makes it difficult for me to get a Credit Card. I work from home for a US based company and have a base salary of 20,000 + i earn extra for the work that i do other than my fixed job. The thing is my contract states that i am a freelance contractor for the company. So, in a way that means temporary. And again, i don’t have salary coming from a corporate account, it comes from the company owners personal account. So, i am not sure as to whether they will accept my bank transactions as salary slip. How do i get out of this loophole where even though i am earning 20K+ (usually comes to 25K+) each month but still am not able to meet the criteria such as salary slips etc.
Any thoughtful suggestion?
Hi Anon, I would suggest to try for credit card against fixed deposit. These are offered by ICICI bank (Coral Credit Card), axis bank (Insta Easy Credit Card) to name a few. And they won’t ask you for any income proof. Only condition is that you should have FD account with them. If this does not work out, ask any credit card holder in your family to get add-on card for you. Hope this helps. Thank you.
My name is Nabeel Zuberi even i am a freelance logo designer since 2012 but i got credit card easily from online application, its SBI Card
I didn’t provide any other KYC document but 2 years of ITR
Freelancing is nothing bad and do you know there are no grounds saying that freelancing is not permanent since we all are able to Quit our jobs (Regular Jobs) or we can get Terminated by company for breaching the rules or something,But since we are self employed people we must have ITR 4s Sugam for atleast 2 years with Computation of Income by Certified CA… Even i was wondering taking a loan so i went to a CA and he did all the work just took 2000 INR fees. He duly filled my Tax,Created my profile,Profit and Loss statement and once i had it i was able to get Credit Card approved. CIBIL Score generally can play a crucial rule in approval of LOANS AND CC so make sure this twice 🙂
My salary 12000 apply caredit card
My salary is 15000 I want to apply cridet card
You can approach above mentioned banks. Thanks.