Federal Bank offers three categories of credit cards to their customers, which are the Signet credit card, the Imperio credit card, and the Celesta credit card. The Signet credit card is designed for the individual below 35 years with limited credit background. The Imperio credit card is designed for the individual above 35 years with some credit exposure. The Celesta credit is designed for the High net worth individuals above 40 years of age. The eligibility requirement is an important factor that needs to be fulfilled to avail Federal Bank. The eligibility requirements for Federal Bank are mentioned below:
Basic Federal Bank Credit Card Eligibility
Federal Bank has stated some minimum requirements for all its credit card applicants to be eligible to hold the card. The age requirement for the applicant is a minimum of 21 years. Below-mentioned are the basic information related to eligibility criteria that every applicant should know before applying for the Federal Bank credit card. Indian residents and Non- resident Indians can only apply for the Federal bank credit card
- The salaried applicants should be a minimum of 21 years old and should not be more than 60 years.
- The self-employed applicant should be between the age of 21 years to 65 years
- The income criteria are different for each Federal Bank credit card and are dependent upon the customer’s existing relationship with the bank
Required Documents to apply for a Federal Bank Credit card
Listed below are some of the most essential documents required to apply for a Federal bank’s credit card.
Factors Affecting your Federal Bank Credit card Eligibility
Age-: The minimum and maximum age requirement of the most important criteria that need to be fulfilled while applying for any Federal Bank credit card. The salaried applicant should be between the age of 21 years to 60 years. The self-employed applicant should be between the age of 21 years to 65 years.
Income-: Income criteria are different for every Federal Bank credit card and dependent upon a variety of factors such as a residence or the customer’s relationship with the bank.
Documentation-: While applying for a Federal Bank credit card, the applicant shall have all the necessary required documents to assess their credit cards application, such as Proof of Income, Proof of Address, and Proof of Identity.
Credit history-: Credit history is the next most essential factor for consideration. If you have no credit history, the card issuer may reject your application when the issuer looks at your application while accessing it.
Location-: Only a few locations and cities are excluded from the Federal Bank service network. Therefore, the applicant needs to make sure that the residential address comes under the Federal Bank served location and is not banned.
How to Improve your Federal Bank Credit card Eligibility
There are multiple ways you can increase your eligibility to avail of a Federal Bank credit card. Some of the ways are mentioned below to help you increase your eligibility.
- Make sure you have paid off your previous outstanding bills on time
- You can also avail Federal credit card by maintaining a healthy credit score of 750
- By adding a co-applicant when applying for a Federal Bank credit card
- You can increase your chance by limiting the number to hard inquires on your credit file
- Applying for a secured credit card
The customers can reach out to the bank at 1800-425-1199 or 1800-420–1199 with their queries related to their Federal Bank credit card.
Yes, Non-resident Indians are eligible to apply for the Federal bank credit card.
The minimum age requirement to avail of the Federal Bank credit card is 21 years.
Yes, you can use your Federal Bank credit card for making international transactions
You can not apply for the add-on credit card right now the facility will be available soon.