By Divya Shokeen
Updated On October 16, 2021

To cater to the needs of its customers IDBI Bank launched a variety of credit cards. The applicants must meet certain requirements set by the bank to avail of a credit card. Read on to know more about the eligibility requirement and the factors affecting it.

IDBI credit card eligibility Eligibility criteria for IDBI Bank credit cards

The applicant must keep in mind the below-given eligibility requirement while applying for an IDBI Bank Credit Card.

Applicant   Age Requirement     Income Requirement
Salaried Employee       21 - 60 Years   Must have a stable income.
Self Employed   21 - 65 Years   Must have a stable income.

Documents required to apply for an IDBI Bank Credit Card

While applying for a credit card keep the below-given documents handy. Attach the copies of the documents with the application form and submit them to the bank, or you can apply online also.

Identity Proof(any one) Aadhaar Card, Driving Licence, Voter’s Id, Pan Card, Passport, or any other government-approved ID.
Address Proof(any one) Aadhaar Card, Passport, Utility Bills (not more than 3 months old), or any other government-approved ID. 
Income Proof (any one) Bank Statement or salary slip of last 3 months, last 2 years’ audited financial report,  etc.

Credit Cards offered by IDBI Bank

Here is a list of credit cards offered by the IDBI Bank along with the eligibility requirement.

Credit Cards Age  Income/Salary
IDBI Royale Signature Credit Card 21- 60 years for salaried employee
21-65 years for self-employed
Must have a stable income.
IDBI Euphoria World Credit Card 21- 60 years for salaried employee
21-65 years for self-employed
Must have a stable income.
IDBI Aspire Platinum Credit Card 21- 60 years for salaried employee
21-65 years for self-employed
Must have a stable income.
IDBI Imperium Platinum Credit Card 21- 60 years for salaried employee
21-65 years for self-employed
Must have a stable income.
IDBI Winnings Credit Card 21- 60 years for salaried employee
21-65 years for self-employed
Must have a stable income.

Factors that affect your IDBI bank credit card eligibility

Age: IDBI Bank has a fixed minimum age requirement for salaried employees and self-employed individuals for issuing credit cards. For salaried the age requirement fixed is 21-60 years and for self-employed individuals, it is 21-65 years. Not fulfilling this age requirement can affect credit card eligibility.
Income: IDBI Bank has not given income requirements as such, you are required to have a stable income to be eligible for a credit card. If you do not have a stable income then you are not eligible for the IDBI Bank credit card.
Credit Score: To be eligible for the IDBI Bank credit card you need to have a good credit score or credit history. Not having a good credit score decreases the chances of your application getting approved. A good credit score is considered to be 700-750.
Multiple Credit Card: Banks rarely issue a credit card to those applicants who already are in possession of 7-8 credit cards. If you are applying for another card despite have 7-8 credit cards then the chances of you getting a new credit card decreases.
Payment Default: The default in payment of credit card can stay in your credit history for many years and it can definitely lower down the chances of you getting a credit card. The credit card issuers while scrutinizing the credit card application check your creditworthiness.
Multiple Applications: You are attracting hard inquiries by sending multiple applications at the same time. This can decrease the chances of your application being approved. It’s better to send a single application at one time and wait for the response from the bank.

How to improve your IDBI bank credit card eligibility

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

  1. Before applying for a credit card check all the requirements provided by the bank. Age and income especially, checking off all the requirements increase the chances of your application being accepted.
  2. If you are applying for a credit card for the first time then you should go for the entry-level credit card or a secured credit card, as it helps in building a credit history. This will further improve your eligibility when applying for a premium credit card.
  3. Kindly pay your credit card bills on time so that you have no payment defaults in your credit history. Having a good credit history increases the chances of a credit card application getting approved.
  4. Do not send multiple applications in one go. Choose a credit card that you wish to apply for and send one application at a time and wait for the response from the bank.
  5. Before applying for a credit card kindly clear all the dues be it credit card dues or your loan dues, as it will help in increasing the chances of your application getting approved.

FAQs:

There can be many reasons for your credit card application rejection such as poor or no credit history, not meeting the minimum age or income requirement, wrong address, wrong or incomplete documents, etc.

Yes, you can re-apply for a credit card after 6 months.

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