Even if you are unemployed, you can get a credit card if you have other sources of income and a substantial quantity of money flowing into your account every month or so.
What is the minimum income required to get a credit card?
Each bank has a different income limit to provide a credit card. In general, most companies have a minimum limit of Rs. 15,000 per month.
In India, which bank offers the finest credit card?
Your needs will determine which credit cards are ideal for you. Signature Visa Credit Cards, Yatra SBI Credit Cards, HDFC Regalia Credit Cards, and Diners Club Black Credit Cards are just a handful of the available possibilities.
What is a decent credit score to get a credit card? Can I get credit card with low credit score?
A credit score of 750 or higher is regarded ideal when applying for a credit card. This score helps you in receiving higher approval rates on credit card applications. A credit card can be obtained with a credit score as low as 650. However, you may be offered unfavourable terms in terms of interest rates, credit limits, and other card advantages.
What is the procedure for obtaining an instant credit card?
Unemployed individuals cannot apply for a credit card online. They are required to visit the nearest branch and provide the relevant documents to proceed. You can also apply for add-on cards for your family members. Your credit card company’s customer care helpline will be able to help you with that.
What documentary proof should I submit to prove my income?
For unemployed individuals, your IT returns and bank statement has to be submitted to apply for a credit card. Other unemployed individuals, like students, housewives, and retired persons can also get credit cards. You can get add-on credit cards from your parents or spouse. Or you can go for secured credit cards that are offered based on your FDs in the bank.