Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Credit Cards for Self Employed

    When you apply for a credit card, banks will look into your credit history, repayment history, income, and your credit score. However, if you are self-employed, banks may be a little stricter before they accept your credit card application.

    Best Credit Card for a Self-Employed in India

    Credit Card Category
    YES Bank Prosperity Reward Plus Credit Card Rewards
    ICICI Platinum Chip Credit Card Lifestyle
    MakeMyTrip ICICI Bank Platinum Credit Card Travel
    SimplyCLICK SBI Card Online Shopping
    HDFC Freedom Card Rewards

    Benefits of Self-Employed Credit Cards in India

    YES Bank Prosperity Reward Plus Credit Card

    • 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.

    ICICI Bank Platinum Chip Credit Card

    • Earn 2 PAYBACK Points for every Rs.100 that you spend on retail purchases other than fuel using ICICI Bank Platinum Chip Credit Card.
    • You earn 1 PAYBACK Point on every Rs.100 that you spend on insurance and utilities spends.
    • You get a minimum discount of 15% on your dining bill at more than 2,500 partner restaurants.

    MakeMyTrip ICICI Bank Platinum Credit Card

    • With MakeMyTrip ICICI Bank Platinum Credit Card you get Rs.500 My Cash plus MakeMyTrip holiday voucher that is worth Rs.3,000 as a welcome benefit.
    • You get complimentary domestic railway and airport lounge access.
    • You get an extended validity of 1.5 years on Joining Benefit My Cash.

    SBI SimplyCLICK Credit Card

    • With SBI SimplyCLICK Credit Card you get 10X rewards on online spends with Apollo24X7, Amazon, Cleartrip, BookMyShow, Lenskart. 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

    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.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.