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

HDFC Bank Credit Card Eligibility

HDFC Bank offers a wide variety of credit cards to customers with competitive interest rates on each of its products. You can enjoy a huge list of exciting benefits and features on HDFC credit cards. However, if you are planning to apply for an HDFC credit card, you will have to meet some eligibility criteria. 

Here are the basic eligibility criteria required to apply for HDFC Credit Cards,

  • Applicant should be at least 21 years old and the age of the add-on cardholder must be above 18 years.
  • Applicant should be salaried or self-employed.
  • The minimum salary is Rs.12,000 per month for a salaried person, while its Rs.2 lakh per annum for self-employed individuals.
  • Applicant should have a regular source of income and a good credit score.

Here are the Credit Card Eligibility Criteria for Top HDFC Bank Credit Card

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • The Minimum income salary for this card is Rs.1.75Lakh p.m. for Salaried.
  • The Minimum income salary for this card is Rs.21 Lakh p.a for Self Employed.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • The Minimum income salary for this card is Rs.1.20Lakh p.m. for Salaried.
  • The Minimum income salary for this card is Rs.12 Lakh p.a for Self Employed.
  • The card is offered for Non-Resident (NR) account holders only.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • The Minimum income salary for this card is Rs.40000 p.m. for Salaried.
  • The Minimum income salary for this card is Rs.5 Lakh p.a for Self Employed.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • The Minimum income salary for this card is Rs.30000 p.m. for Salaried.
  • The Minimum income salary for this card is Rs.3.6 Lakh p.a for Self Employed.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • The Minimum income salary for this card is Rs.12000 p.m. for Salaried.
  • The Minimum income salary for this card is Rs.2 Lakh p.a for Self Employed.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • The Minimum income salary for this card is Rs.12000 p.m. for Salaried.
  • The Minimum income salary for this card is Rs.2 Lakh p.a for Self Employed.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • Check with the Bank for Minimum Salary Required for this Card.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • Check with the Bank for Minimum Salary Required for this Card.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • Check with the Bank for Minimum Salary Required for this Card.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • Check with the Bank for Minimum Salary Required for this Card.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • Check with the Bank for Minimum Salary Required for this Card.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • Check with the Bank for Minimum Salary Required for this Card.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • Check with the Bank for Minimum Salary Required for this Card.

Eligibility Criteria

  • Applicant must be between age of 21-60 Years for Salaried.
  • Applicant must be age of 21-65 Years for Self Employed.
  • Check with the Bank for Minimum Salary Required for this Card.

Document Required to Apply for HDFC Credit Cards

The following are the basic documents required to apply for any HDFC Credit Cards,

  • KYC-PAN, Address proof and ID Proof
  • One photograph, Salary slip/Form 16

Factors that affect your HDFC Bank credit card eligibility

There are several factors that have a considerable impact on your eligibility for an HDFC Bank credit card. A few of these are

  • Age: It’s one of the most basic factors that you need to consider before applying for an HDFC Bank credit card. In most cases, you need to be in the age bracket of 21 – 60 years (65 for self-employed persons). If you are too young, it may actually work against you since you are unlikely to possess a healthy credit history and therefore, a good credit score - a criterion that is crucial for you in securing a credit card.
  • Credit score: This is the most important thing that the bank will look for as soon as you apply for a credit card. Maintaining a healthy credit score is of primary importance for getting a credit card. The credit score is a reflector of your credit worthiness and it depends on your credit history. Generally, lenders prefer individuals who have a credit score of over 750.
  • Existing credit card balance: Having two or three credit cards can actually work in your favour since it suggests that you have the ability to manage the debts comfortably. However, you must ensure that you use them with discretion and do not miss out on repaying the debts on your existing credit card(s) because that might be a red signal for the bank when it judges your worthiness for the new credit card.
  • Job stability: While it’s very important to have a source of regular income to get a credit card, the stability of your job can also be a determining factor for you. If you keep on switching jobs frequently, it may have a negative impact on your credit score.
  • Settled accounts: If you don’t repay the entire outstanding amount on your existing credit card, in certain cases the credit card provider may settle the case with you by accepting less than the total amount that you owe. However, as a consequence, your credit report will certainly take a hit, and you will face difficulty in getting a loan or a credit card in the future.

How to improve your HDFC Bank credit card eligibility

If you don’t fulfil some of the criteria or if your application for the credit card has been rejected by the bank, you always have a second chance to avail your HDFC credit card. For this, you need to improve your creditworthiness and there are several ways to do it. A few of them are as follows:

  • Maintain a low number of credit card applications: You may not be aware of this but it’s not a healthy practice for you to raise too many credit card inquiries with multiple credit card providers. This is particularly true if you have already applied for a credit card with one of the card issuers.
  • Pay your outstanding balance on time: Ensure that you pay all your bills – credit card(s) and otherwise, before or at least on their due date. This is because the credit companies carry out a thorough investigation of your credit repayment history before approving your request for a new credit card.
  • Mention all your income source in your application: Because credit card issuers need you to have a regular source of a decent income, you need to include all your extra income sources (if you have any) in addition to your primary source. This will help you achieve a desirable debt-to-income ratio that would, in turn, help you get your credit card. However, avoid overstating your income or else it will have an adverse impact on your chances.

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