Credit Cards for Self Employed

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

SBI SimplyCLICK Credit Card

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

HDFC Freedom Credit Card

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

HDFC Diners Club Miles Credit Card

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

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

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

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

1. Photographs
2. Aadhaar Card
3. PAN Card
4. Utility bills
5. Bank statement
6. Proof of business

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

Cancellation fee for a credit card

1. 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

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

The billing cycle of your credit card

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

The limit on your credit card

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

Late payment fee

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