LIC Credit Card Eligibility Criteria & Document Requirements

LIC Card customers have access to a wide range of credit cards from which to choose the right credit card to meet their financial demands. To apply for the LIC card, eligibility requirements are one of the most important factors that need to be fulfilled. Find below the eligibility requirement LIC card.

Basic LIC Credit Card Eligibility

LIC Card has listed a standard age requirement for all its credit cards. The applicant’s age should be between 18 years to 70 years. The age criteria for the add-on cardholder is 18 years. Provided below is basic information related to eligibility requirements that every customer should know before applying for the LIC credit card.

• The applicant should be a resident or non-resident of India
• The applicants should be of age between 18 years to 70 years.
• The applicants shall have an income of 3 lakhs per annum
• The add-on cardholder should be age 18 years.

Minimum Eligibility for Top LIC Credit cards

Stated below are some of the top credit cards issued by the LIC cards and their income criteria

Documents required to apply for a LIC Credit card

Mentioned below are some essential documents required by the applicants while applying for the LIC credit card

Factors that Affect your LIC Credit card Eligibility

Age-: The minimum and maximum age requirement of the most important criteria that need to be fulfilled while applying for any LIC credit card. The applicant should be between the age of 18 years to 70 years.

Income-: Income of an applicant is another deciding factor that affects your eligibility to avail of a LIC credit card. The applicant should have an income of 3 lakhs per annum.

Documentation-: While applying for a LIC credit card, the applicant shall have all the necessary pre-requisite 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 LIC service network. Therefore, the applicant needs to make sure that the residential address comes under the LIC card served location and is not banned.

How to Improve your LIC Credit card eligibility

There are multiple ways you can increase your eligibility to avail of an LIC 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 LIC credit card by maintaining a healthy credit score of 750
• By adding a co-applicant when applying for a LIC credit card
• You can increase your chance by limiting the number to hard inquires on your credit file
• Applying for a secured credit card