From daily spending to big-ticket purchases, Credit Cards can take care of your every need. A credit Card is a handy tool and can take care of a lot of things for you. Getting the right credit card also means you will be saving even while paying for your expenses, you will also get a monetary discount on things such as dining, hotels, flights, and much more. A Credit Card also has complimentary membership benefits and milestone features. Along with this credit cards also have complimentary lounge access and concierge services to add on.

Most of the time, financial institutions have partnered brands with which you can get exclusive benefits and discounts. Many features of credit cards are curated to help users save as much as possible in every situation. With Credit Cards being so favored by users, people usually tend to apply for credit cards without any serious or thorough consideration.

There are a lot of things that an applicant needs to know even before choosing the credit cards to apply for. Firstly, and most importantly, you will have to be eligible for a credit card. Credit Card Eligibility might not be a big question but many factors can determine what card you will be able to have and even if you are eligible to hold one or not.

Credit Card Eligibility- Are You Eligible for A Credit Card Post Blog

Basic Eligibility Criteria for A Credit Card

There are different eligibility factors for every card. Here are a few basic criteria that make a major impact on the decision of a lender –

1. Age

Age is the biggest factor, for some credit cards these criteria range from 18 to 65 years old, and for some it can also be 21 to 65 years old. This can be different due to the difference in financial institutions and even credit cards. Age is a great factor that lets the issuers decide whether the person is responsible and is of legal age and not a minor.

2. Salary

Salary is an important factor if you wish to get an unsecured credit card. With unsecured credit cards, salary can vouch for the bank’s money and trust. An unsecured card is one that bank is giving you without taking any amount from you in the form of fixed deposits, etc. However, your salary tells the bank that you do have an income source and you will be able to manage the expenses and repay the loan amount to the bank.

The range for salaries can be different from one another. As many banks give you credit cards even if you 12K INR per month but let’s take the average as 15K INR per month. Self-employed people will have to show their ITRs to get a Credit Card.

3. Nationality

Regardless to say, you will have to be an Indian to get a credit card. Citizens, residents, and non-residents can apply but the bank only issues the credit cards to the Indian Nationals. There are a few credit cards in the market which can be issued for NRIs as well.

These are just the basic conditions for applying for a credit card. There are a few other certain factors that can impact the outcomes of your application –

4. Credit Score

Specialized Credit Agencies keep track of your spending patterns and financial discipline and responsibility and it has become much easier to track a person’s financial history. This history determines what will be your credit score and that credit score determined your qualification for the credit card. According to CIBIL, the highest score is 900 out of which 720 – 750 is determined as decent.

5. Debt

If you have any debt, the bank might not proceed further with your application. This is because credit cards are used to provide short loans to the user, and if you already have debt under your name, it does not make any sense to the bank to provide you with further debt. It will also impact the risk factor revolving around the person and their debt and the risk evaluation will make the decision go negative.

6. Employment

Without a stable source of income, banks will not be able to trust an applicant. The employment status of an applicant has a very significant impact on the chances of getting a credit card. It is important to have a stable source of income that can work to dissolve the risk factor.

Read More: How To Check Your Eligibility For a Credit Card?


Credit card is a very necessary object and a very good tool as well. But getting your hands on it might not be as easy as it seems. There are a lot of eligibility criteria that a person has to match to get a card. The different credit cards in the market have different criteria and rules to follow but three basic types are checked from the very beginning, i.e. age, salary, and nationality.

This so happens to be the base but the further details also include the whole financial status of past and present of the applicant which can impact the chances of an applicant. This is why it is very important to check the eligibility of a person for a credit card.

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