Terms and Conditions of the Credit Card Eligibility Criteria

To meet the credit card eligibility criteria, you need to be aware of the following terms and conditions -

Applicants need to be within the age group of 25 to 65 years.
Several financial institutions issue credit cards to Indian residents only whereas some allow both residents and non-residents of India to apply for a credit card.
Credit card issuing companies are less likely to approve your credit card application if you do not have an adequate monthly income.

Factors that affect your credit card eligibility

There are several factors which affect your credit card eligibility, they are –

If you have existing debts, financial institutions are less likely to approve your credit card application.
The location of your residential address also plays a significant role in affecting your credit card eligibility.
If you are employed in a reputed firm for more than 3 years, your card issuer is less likely to reject your credit card application.
If you have a high credit score, financial institutions are more likely to approve your credit card application. A credit score of 750 or above makes you eligible for premium cards such as the Bajaj Finserv RBL Bank SuperCard.

So, before applying for a credit card, make sure to consider the above-discussed points to go through a hassle-free application process.