HDFC Credit Card Eligibility Criteria & Document Requirements

Keeping different segments of individuals and their requirements in mind, the HDFC Bank offers a wide array of credit cards in different categories and with different features & benefits. From lifestyle to fuel to travel credit cards, you can find each of them in the HDFC Bank’s portfolio. The eligibility criteria that need to be fulfilled in order to get an HDFC Bank Credit Card can also vary for different credit cards. Before applying for a credit card, it is highly advisable to check for the eligibility criteria so that you don’t face rejection and your credit score doesn’t get affected negatively. This article will make you understand the eligibility criteria for all the popular credit cards issued by the HDFC Bank. Keep reading to know more:

Eligibility Criteria for HDFC Bank Credit Cards

The HDFC Bank has set different eligibility criteria for all its credit cards that need to be fulfilled strictly by the applicants. There are different factors, including age, income, credit score, etc, that determine your eligibility for an HDFC Credit Card. However, the bank may have some internal criteria as well, on the basis of which, your eligibility might get affected. Refer to the following points to understand the same in detail:

HDFC Credit Cards Salary Eligibility

Different HDFC Credit Cards have different income criteria that the applicants need to fulfill. Individuals having a lower or average income can go for the basic cards that come with a lower annual fee and basic features. Similarly, people having a high net worth can apply for the premium credit cards that come with a high annual fee and great benefits. The income requirements for HDFC Bank Credit Cards may vary from 2 lakhs per annum to 24 lakhs per annum or even more. Also, the income requirements for self-employed individuals are generally higher than those for salaried people.

Age Requirements

The age requirements for ll the HDFC Bank Credit Cards are almost the same. However, the minimum and maximum age required to be approved for an HDFC Credit Card can be different for salaried & self-employed individuals. You can find detailed information bout the same below in this article.

Credit Score Required

As the HDFC Bank is one of the major credit card issuers in the country, it has set strict eligibility criteria for credit card applicants. Along with fulfilling the age and income requirements, you also need to have a decent credit score to get an HDFC Bank Credit Card. The credit score requirements might also be different for different cards, but it is advisable to build a credit score of at least 700 before applying for an HDFC Card.

Documents Required to Apply For An HDFC Bank Credit Card

Keep the given below documents handy while applying for an HDFC Bank Credit Card. For applying online you will need scanned copies and photocopies while applying for a credit card by visiting the branch.

Credit Cards offered by HDFC Bank

HDFC Bank provides you with a wide range of credit cards, top credit cards with eligibility requirements are mentioned in the table below:

Factors that Affect Your HDFC Bank Credit Card Eligibility

• Multiple Applications: Sending applications for multiple credit cards in one go can have a negative effect on your HDFC Credit Card eligibility. It can lead to the rejection of all the applications. It is better to send an application for one credit card that fulfills all the requirements.
• Payment Default: Never ever default in repaying unsecured debt. Late payment can lead to the mention of the defaulter in your credit history which altogether makes it really difficult to get a credit card affect your eligibility negatively.
• Age: The applicant’s age matters a lot to the credit card issuers while issuing a credit card. For HDFC Bank credit cards the minimum age requirement is 21 years, the applicant applying for a credit card below this age, HDFC Bank will reject their application.
• Income: Income requirements for HDFC Bank credit cards differ from card to card. Having a stable income can affect the HDFC Bank Credit Card Eligibility in a positive way and increases the chances of getting your credit card application approved.
• Credit Score: credit score is an important factor while applying for a credit card. A bad credit score has a negative impact on HDFC Bank’s credit card eligibility. The chances of your application getting accepted reduce.
• Employment: Employment determines your income stability. If you don’t have a stable source of income there are chances that the card issuer will reject your application. Most card issuers issue credit cards to salaried or self-employed individuals only.

How to Improve Your HDFC Bank Credit Card Eligibility:

There are many ways through which you can improve your credit eligibility, a few of them are as follows:

• Maintain a Good Credit score: You can improve your HDFC Bank credit card eligibility by improving your credit score. Having said that, to improve your credit score you need to clear your dues or if you have no dues or credit history then you can start your credit journey by taking an entry-level credit card or secured credit card.
• Paying bills on time: Having no dues can have a positive impact on HDFC Bank credit card eligibility. The chances of your application getting approved increase when you pay all your bills on time.
• Reducing debt-to-income ratio: Having a stable income and less debt can help you get a credit card easily.
• Sending one application: Avoid sending applications for multiple credit cards at the same time. Send an application for one credit card that suits your profile as it increases the chances of your credit card application getting approved.