Credit Cards for Self Employed

• With YES Bank Prosperity Reward Plus Credit Card you get 4 reward points for every Rs.200 on all categories other than 'Select Categories'.
• You earn 2 reward points for every Rs.200 that you spend on select categories.
• You get 12,000 bonus reward points when you reach Rs.3.6 lakh or more in an anniversary year.

SBI SimplyCLICK Credit Card

• With SBI SimplyCLICK Credit Card you get 10X rewards on online spends with Apollo24X7, Amazon, Cleartrip, BookMyShow. Dineout, and Netmeds.
• You get an e-voucher of Rs.2,000 when you spend of Rs.1 lakh in a year.
• When you spend Rs.1 lakh, the annual fee of Rs.499 will be reversed.

HDFC Freedom Credit Card

• You get 1 reward point for every spend of Rs.150 spent using HDFC Freedom Credit Card.
• You get 25X reward points on spends made on your birthday.
• You earn 10X reward points on SmartBuy and PayZapp spends.

HDFC Diners Club Miles Credit Card

• You get 15% discount at partner restaurants by using HDFC Diners Club Miles Credit Card.
• You get 4 reward points for every Rs.150 spent.
• You can make secure transactions with chip-enabled credit cards.

Eligibility Criteria to Get a Credit Card for a Self-Employed Person

• Your credit score should be over 750.
• You should have a good repayment history.
• You should meet the minimum income criteria which will differ from one bank to another.
• Your age should be between 25 and 60 years.

Documents Required to Apply for a Credit Card as a Self-Employed Person

• Photographs
• Aadhaar Card
• PAN Card
• Utility bills
• Bank statement
• Proof of business

Things to Keep in Mind While Applying for Credit Card as a Self-Employed Person

Cancellation fee for a credit card

• A lot of banks charge a very high credit card cancellation fee. Try not to cancel your credit card unless it is absolutely necessary.

Joining fee/annual fee

• You should choose a credit card that has a very low or no annual or joining fee.

The billing cycle of your credit card

• If the billing cycle is longer, then the higher will be your interest-free period.

The limit on your credit card

• If you have a high credit limit, your Credit Utilisation Ratio will be low, and your credit score will be high.

Late payment fee

• You have to ensure that you do not pay the credit card bill late, or you will have to pay a late payment fee.