To cater to the needs of its customers IDBI Bank launched a variety of credit cards. The applicants must meet certain requirements set by the bank to avail of a credit card. Read on to know more about the eligibility requirement and the factors affecting it.
The applicant must keep in mind the below-given eligibility requirement while applying for an IDBI Bank Credit Card.
Applicant | Age Requirement | Income Requirement |
Salaried Employee | 21 - 60 Years | Must have a stable income. |
Self Employed | 21 - 65 Years | Must have a stable income. |
While applying for a credit card keep the below-given documents handy. Attach the copies of the documents with the application form and submit them to the bank, or you can apply online also.
Identity Proof(any one) | Aadhaar Card, Driving Licence, Voter’s Id, Pan Card, Passport, or any other government-approved ID. |
Address Proof(any one) | Aadhaar Card, Passport, Utility Bills (not more than 3 months old), or any other government-approved ID. |
Income Proof (any one) | Bank Statement or salary slip of last 3 months, last 2 years’ audited financial report, etc. |
Here is a list of credit cards offered by the IDBI Bank along with the eligibility requirement.
Credit Cards | Age | Income/Salary |
IDBI Royale Signature Credit Card | 21- 60 years for salaried employee 21-65 years for self-employed | Must have a stable income. |
IDBI Euphoria World Credit Card | 21- 60 years for salaried employee 21-65 years for self-employed | Must have a stable income. |
IDBI Aspire Platinum Credit Card | 21- 60 years for salaried employee 21-65 years for self-employed | Must have a stable income. |
IDBI Imperium Platinum Credit Card | 21- 60 years for salaried employee 21-65 years for self-employed | Must have a stable income. |
IDBI Winnings Credit Card | 21- 60 years for salaried employee 21-65 years for self-employed | Must have a stable income. |
Age: IDBI Bank has a fixed minimum age requirement for salaried employees and self-employed individuals for issuing credit cards. For salaried the age requirement fixed is 21-60 years and for self-employed individuals, it is 21-65 years. Not fulfilling this age requirement can affect credit card eligibility.
Income: IDBI Bank has not given income requirements as such, you are required to have a stable income to be eligible for a credit card. If you do not have a stable income then you are not eligible for the IDBI Bank credit card.
Credit Score: To be eligible for the IDBI Bank credit card you need to have a good credit score or credit history. Not having a good credit score decreases the chances of your application getting approved. A good credit score is considered to be 700-750.
Multiple Credit Card: Banks rarely issue a credit card to those applicants who already are in possession of 7-8 credit cards. If you are applying for another card despite have 7-8 credit cards then the chances of you getting a new credit card decreases.
Payment Default: The default in payment of credit card can stay in your credit history for many years and it can definitely lower down the chances of you getting a credit card. The credit card issuers while scrutinizing the credit card application check your creditworthiness.
Multiple Applications: You are attracting hard inquiries by sending multiple applications at the same time. This can decrease the chances of your application being approved. It’s better to send a single application at one time and wait for the response from the bank.
There are many ways through which you can improve your credit eligibility, a few of them are as follows:
There can be many reasons for your credit card application rejection such as poor or no credit history, not meeting the minimum age or income requirement, wrong address, wrong or incomplete documents, etc.