HSBC Bank offers 4 credit cards which offer great deals on movies, shopping, travel, etc. HSBC Premier MasterCard Credit Card is issued to the cardholders who have maintained a total relationship balance of Rs. 40 lakhs quarterly apart from this there are three more credit cards. Keep reading to know about the HSBC Bank credit card eligibility criteria.
Eligibility Criteria for HSBC Bank credit cards
Following is the age and salary requirement followed by the HSBC Bank.
|Applicant||Age requirement||Minimum annual income requirement|
|Salaried Employees||18-65 years||Rs. 4,00,000 p.a.|
Documents required to apply for an HSBC Bank Credit Card
Keep the given below documents handy while applying for an HSBC Bank Credit Card. For applying online you will need scanned copies and photocopies while applying for a credit card by visiting the branch.
|Aadhaar Card, Driving Licence, Voter’s Id, Pan Card, Passport, or any other government-approved ID.|
|Aadhaar Card, Passport, Utility Bills (not more than 3 months old), or any other government-approved ID.|
|Bank Statement or salary slip of last 3 months, last 2 years’ audited financial report, etc.|
Credit Cards offered by HSBC Bank
HSBC Bank provides you a wide range of credit cards, top credit cards with eligibility requirements are discussed below:
|HSBC Visa Platinum Credit Card||18-65 years||Minimum annual income of Rs. 4 lakhs p.a. for salaried individuals.|
|HSBC Cashback Credit Card||18-65 years||Minimum annual income of Rs. 4 lakhs p.a. for salaried individuals.|
|HSBC Smart Value Credit Card||18-65 years||Minimum annual income of Rs. 4 lakhs p.a. for salaried individuals.|
|HSBC Premier MasterCard Credit Card||18-65 years||Offered to HSBC Premier customers who have maintained a total relationship balance of Rs. 40 lakhs quarterly.|
Factors that affect your HSBC Bank credit card eligibility
- The applicant’s age matters a lot to the credit card issuers while issuing a credit card. For HSBC Bank credit cards, the minimum age requirement is 18 years, the applicant applying for a credit card below this age, HSBC Bank will reject the application.
- HSBC Bank follows a standard income requirement for all the credit cards that is Rs. 4 lakhs per annum except for HSBC Premier Mastercard Credit Card. Not having a stable income can affect Credit Card Eligibility in a negative way and reduces the chances of getting your credit card application approved.
- The credit score is an important factor while applying for a credit card. A bad credit score has a negative impact on credit card eligibility. The card issuer can easily reject your application on this basis.
- HSBC Bank issues credit cards to salaried individuals only. The eligibility requirement gets affected if you are not a salaried individual.
- Sending applications for multiple credit cards in one go can have a negative effect on your 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.
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:
- You can improve your HSBC 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.
- Having no dues can have a positive impact on HSBC Bank’s credit card eligibility. The chances of your application getting approved increase when you pay all your bills on time.
- Maintain a low debt-to-income ratio. Having low repaying power can lead you to a debt spiral.
- Sending multiple applications should be avoided at all costs. Send application only for the credit card that suits your profile.
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.