Credit Cards which are great way for us to buy things without money, you can just use your credit card and make the payment to the merchant and get the product or thing you want to buy. The Credit card company will pay your bill in behalf of you, and later on when you get your salary you can pay the amount to the Company (Banking Institution) which has issued CC for you. There are many factors which are considered by the card vendor to provide credit card for the people who apply for one.
When you apply for an Credit card, bank checks for many factors we have mentioned some of them below.
- Your Monthly Salary.
- The company in which you are working.
- What kind of job you are doing i.e. full time or part time.
- Your job profile and many more things.
But the main thing is your salary. 🙂 If you are earning Rs. 7,000 to 15,000 in India can you get Credit card? Our answer for this question is YES you can get one for you. We have listed the banks which are operating in India and offer Credit Card for the people who are earning less than 3 lacs annually.
Credit Cards for Low Income Earners (Rs. 7,000-15,000)
So here are the banks which offer Credit Cards for Low Income Earners in India, we have collected some of them and mentioned all the required information you need to know about these Credit Cards for Low income earners in India.
HSBC Classic Credit Card.
You can get HSBC Classic Credit Card from HSBC bank if you are earning Rs. 1,44,000 annually. The minimum monthly salary required for this card is Rs. 11,700. Anyone salaried or self employed can get this card.
HSBC Gold.
A person with annual income of Rs. 2,40,000 both for salaried and self employed with an monthly income of Rs. 20,000.
Axis Bank Insta Easy Credit Card.
To get this card bank will not ask for any kind of income proof from you, but you have to make an Fixed Deposit in Axis bank of minimum Rs. 20,000 at any of the Axis Bank branches in India.
Axis Bank Gold Card.
Minimum monthly salary required is Rs. 15,000 per month and Rs. 1,80,000 Annually. This is available for both Salaried and self employed applicant.
India Card by Bank of India.
This is one of the card which requires lowest monthly salary which is Rs. 7,000 per month and Rs. 0.75 lac annually.
Canara Bank. (Visa Classic/Mastercard Standard Card)
To get this card you should have month salary of Rs. 8,000 and annually Rs. 1,00,000.
Canara Bank. (Global Gold Card)
To get this card you should have month salary of Rs. 16,700 and Rs. 2,00,000 annually.
ICICI Bank. (HPCL Credit Card)
To get this card you should have month salary of Rs. 12,000 and Rs. 1,44,000 annually.
HDFC. (Gold and Silver)
If you are a salaried person you should have Rs. 2,00,000 of annually income and in case you are self employed you should have an annual salary of Rs. 1,50,000.
Kotak Bank. (Trump and Fortune Gold Card)
To get this card you should have month salary of Rs. 25,000 and Rs. 3,00,000 annually.
Andhra Bank. (Visa Classic/Mastercard)
To get this card you should have month salary of Rs. 15,000 and Rs. 1,80,000 annually.
Bank of Baroda. (Visa Gold Card)
To get this card you should have month salary of Rs. 12,500 and Rs. 1,50,000 annually.
Corporation Bank Classic Card.
To get this card you should have month salary of Rs. 10,000 and Rs. 1,20,000 annually.
Corporation Bank Gold Card.
To get this card you should have month salary of Rs. 16,700 and Rs. 2,00,000 annually.
So these are some of the Credit Cards for low income earners, but when you complete choose one among these and go to bank to apply for the card you will be asked:
- Photocopy of PAN Card.
- Salary Slip of last 3 months.
- Latest Bank Statement of last 3 months.
- And some formalities with few additional documents.
When you get Credit Card for you make sure you pay your bills before the due dates to maintain good relationship with the bank. We hope you are clear with everything which is mentioned above, if in case you have any kind of doubts you can leave your comment below.
Happy Banking !! 🙂