Credit Card Apply Online

Credit Card Eligibility

Credit Card Eligibility

Last Updated : Dec. 8, 2023, 3:50 p.m.

When you apply for a credit card, the issuing bank checks your financial history, creditworthiness, and other factors. This process is done to determine whether to approve or deny your application.

To be eligible for a credit card, you need to meet specific criteria set by the bank. Some common eligibility requirements include a minimum age, a certain level of income, and a good credit score.

Each bank or credit card company may have its own set of parameters or conditions. If you meet the eligibility requirements or parameters specified by the bank, your credit card application is approved.

Common Criteria for Credit Card Application

After selecting the desired credit card from your issuer, it’s time you check for these:


Age is a pivotal factor in eligibility. A minimum age of 18 is required. If under 21, a stable income or a co-signer is essential for responsible card ownership.


The applicant’s income is a crucial factor in determining eligibility for a credit card. A stable income is essential, varying by card type. For minors, a co-signer with regular income is necessary. Even with a secured card, a stable income is vital, ensuring the ability to meet bill payments.

Credit Score

A good credit score is crucial for credit card approval. Factors like existing cards, debts, loans, and repayment history influence your credit score. If you lack credit or have a poor score, a secured card requires a deposit, serving as security for potential defaults.

Criteria for the Top 5 Credit Card Issuers

Let’s take a look at the credit card requirements of the top players in the market. This way, you will know which issuer to choose for your next credit card application.


Minimum Age21 years
Maximum Age70 years
OccupationSalaried or Self-Employed
Regular Source of IncomeYes
Good Credit ScoreYes


Minimum Age21 years
OccupationSalaried, Self-Employed, or Pensioner
IncomeVaries based on ICICI Bank relationship
Credit ScoreMinimum 750 for premium cards


Minimum Age18 years
Maximum Age70 years
Residential StatusResident of India (Some cards for Non-Resident Indians)
IncomeRs. 1,44,000 - Rs. 25,00,000 per annum (average)
Credit ScoreGood CIBIL Score

Axis Bank

Minimum Age18 years
Maximum Age70 years
IncomeMinimum Rs. 6 lakh per annum
EmploymentSalaried or Self-Employed

Kotak Mahindra Bank

Minimum Age18 years
Maximum Age65 years
IncomeRs. 40,000 per month
Credit Score750

Related Post