Skip to content

HSBC Bank Credit Card Eligibility Criteria

HSBC Bank offers three credit cards with great deals on movies, shopping, travel, etc. The HSBC Premier Metal Credit Card is issued to cardholders who maintain a total relationship balance of ₹40 lakhs quarterly. There are two more credit cards that have a basic income requirement of ₹4 lakh per annum. One of the main difficulties in obtaining an HSBC Credit Card is the location availability. HSBC only approves application of certain cities which is very limited to mainly tier 1 cities. Keep reading to learn more about the HSBC Bank credit card eligibility criteria.

HSBC Credit Cards Eligibility

Eligibility Criteria for HSBC Bank Credit Cards

The following are the age and salary requirements for the HSBC Bank.

Minimum Annual Income Requirement ₹4,00,000 Per Annum
Age Requirement 18 – 65 Years
Applicant Type Salaried Employees
Location Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, New Delhi, Noida, Pune, Chandigarh, Kolkata, Jaipur, Ahmedabad, Coimbatore, and Kochi.

Documents Required

Keep the documents given below handy while applying for an HSBC Bank Credit Card. You will need scanned copies and photocopies to apply online and scanned copies to apply for a credit card by visiting the branch.

Identity Proof PAN Card
Address Proof Aadhaar Card

Eligibility for Different HSBC Bank Credit Cards

HSBC Bank provides you with a wide range of credit cards; top credit cards with eligibility requirements are discussed below:

Credit Cards Age Income/Salary
HSBC Visa Platinum Credit Card 18-65 years Minimum annual income of ₹4 lakhs for salaried individuals.
HSBC Live+ 18-65 years Minimum annual income of ₹4 lakhs for salaried individuals.
HSBC Premier MasterCard Credit Card 18-65 years Offered to HSBC Premier customers who have maintained a total relationship balance of ₹40 lakhs quarterly.
HSBC TravelOne Credit Card 18-65 years Minimum annual income of ₹4 lakhs for salaried individuals.
HSBC Taj Credit Card 25-75 years Minimum annual income of ₹40 lakhs for salaried individuals.

Factors that Affect Your HSBC Bank Credit Card Eligibility

  1. The applicant’s age matters a lot to credit card issuers when issuing a credit card. For HSBC Bank credit cards, the minimum age requirement is 18. If the applicant is applying for a credit card below this age, HSBC Bank will reject the application.
  2. HSBC Bank follows a standard income requirement for all credit cards, which is ₹4 lakhs per annum, except for the HSBC Premier Mastercard Credit Card. Not having a stable income can negatively affect Credit Card Eligibility and reduce the chances of getting your credit card application approved.
  3. The credit score is an important factor when applying for a credit card. A bad credit score hurts credit card eligibility, and the card issuer can easily reject your application based on this.
  4. HSBC Bank issues credit cards to salaried individuals only. The eligibility requirement is affected if you are not a salaried individual. Self-employed individuals who have a savings account with HSBC can also apply.
  5. Sending applications for multiple credit cards in one go can negatively affect your Credit Card eligibility and lead to the rejection of all the applications. It is better to send an application for one credit card that fulfills all the requirements.

How to Improve Your HSBC Bank Credit Card Eligibility

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

  1. You can improve your HSBC Bank credit card eligibility by improving your credit score. To do so, you need to clear your dues. If you have no dues or credit history, you can start your credit journey by taking an entry-level credit card or secured credit card.
  2. Having no dues can positively impact HSBC Bank’s credit card eligibility. The chances of your application getting approved increase when you pay all your bills on time.
  3. Maintain a low debt-to-income ratio. Having low repaying power can lead you to a debt spiral.
  4. Avoid sending multiple applications at all costs. Send an application only for the credit card that suits your profile.

FAQs:

Yes, you can call on the customer care number to know the credit limit of your credit card.

Yes, you can contact the bank by calling on the customer care number to get your credit card blocked.

You can improve your credit score by keeping your credit card bills clear before the due date, by meeting the eligibility requirement, not sending multiple applications in one go.