How To Get a Credit Card Without a Bank Account?

Nowadays, there are hundreds of credit card options available in the Indian market and all the cards have their own features & benefits. To stand out in such a competitive market, all card issuers try their best to attract more and more customers by offering world-class benefits. With plenty of such great options in the market, customers get a wide range of options to choose from and sometimes, they might like the features of a credit card by a bank that they have no prior relationship with. Most of the people prefer getting a credit card from the ban where they already have savings accounts or some other sort of banking relationship. But, that is not a necessary criterion to get a credit card. You can even get a credit card without having a bank account in that particular bank. Let us understand how you can do it:

Is it Necessary To Have a Bank Account To Get a Credit Card?

It might be essential to have a bank account in general, but it is not at all necessary to have a bank account in the same bank from which you want to get a credit card. However, it may affect the decision of the card issuer positively when you already have an account with them, but many people get a credit card from a bank where they don’t have any other account. It is very rare that your application will get rejected only because you don’t have a savings account with the respective issuer. However, you may consider opening an account in a particular bank if you want to get invite-only credit cards from them. It is because these types of super-premium cards require you to have a strong relationship with the issuing bank. For example, to increase your chances of getting invited to the HDFC Infinia Credit Card, you should open a bank account in the HDFC bank and build a strong relationship with them.

There are some eligibility criteria that need to be fulfilled by the applicants in order to get approved for a particular credit card. These criteria can be different for every card and if you fulfill all of them, you don’t need to have a bank account with that issuer in order to get approved for the card.

Basic Eligibility Requirements of Credit Cards

Some of the most essential eligibility requirements to get approved for a credit card are as follows:

• Age: For most of the card issuers in India, the minimum eligible age to apply for a credit card is at least 18 years. For some banks, it is 21 years and the maximum age can vary anywhere from 60 years to 70 years. So, you need to be at least 18 years old in order to get a credit card.
• Income: You also need to have a stale source of income so that you can repay your credit card bills. Salaried individuals, as well as self-employed people, can get a credit card, provided that they have a decent monthly income. The minimum required income can be different for different cards. But for secured credit cards that are issued against a fixed deposit, there is no such requirement to have an income.
• Credit History: Your credit history is also among the most important factors that may influence the decision of a card issuer while approving or rejecting your application. If you have a good credit history, your chances of getting approved will increase and on the other hand, having a bad credit score may lead to the rejection of your credit applications.

Read More: How To Get a Credit Card Without Income Proof

Bottom Line

Now you might have understood that having a bank account in a particular bank is not very essential to get a credit card from that bank. But yes, it definitely helps you as the card issuer is already aware of some of your financial habits. You can get entry-level or basic credit cards from any bank irrespective of your relationship with them. But, to get a premium or super-premium credit card, you should try to open a bank account with that particular issuer. Or if you already have a bank account in a major bank, you can try getting the best credit card from them if you keep applying for different credit cards again & again, it can affect your credit score negatively. Just make your decision wisely and take your credit journey forward with responsibility. If you have any further doubts, feel free to ask us in the comment section below!