HDFC Credit Card Eligibility

HDFC Credit Card Eligibility Criteria for New Customers

• The applicant should meet the age criteria of HDFC Bank. An age criterion helps the bank make an estimate whether an applicant can repay the amount in a timely manner. For instance, a person who is 55 years of age would have lesser chances of repaying card dues after a period of time than a person who is 30 years of age
• Customer must have a regular source of income which should meet the minimum income requirements of the bank. Income criteria is used by the bank to set the user’s credit limit
• Also, certain credit cards require applicants to have a decent credit score and no payment defaults

HDFC Credit Card Eligibility Criteria for Existing Customers

• Customers who have a salary or savings account with the bank have a better chance of securing a credit card. Also, existing customers might not have to submit KYC documents to get the card

HDFC Bank also provides credit card to those who are new to credit.

Credit Score forms a big part in deciding whether you are eligible for a credit card or not.

Age Criteria

• The minimum age for a salaried credit card applicant is 21 years
• The maximum age for a salaried credit card applicant is 60 years

Regular income Source

• A salaried credit card applicant must have a regular monthly income
• Also, the applicant’s income should satisfy the minimum income criteria of HDFC credit card

Age Criteria:

• The minimum age for a self-employed credit card applicant is 21 years
• The maximum age for a self-employed credit card applicant is 65 years

Regular income Source

• A self-employed credit card applicant must have regular source of income
• Also, the applicant’s income should satisfy the minimum income criteria of HDFC credit card

Documentation is also an important part of HDFC credit card eligibility. Documents required for HDFC Credit Card Application include Identity Proof, Address Proof and Income Proof. Following documents are accepted by the bank:

To know if you are eligible for HDFC Bank credit card, you can check whether you meet HDFC Credit Card Eligibility Criteria as mentioned above. Here are a few factors that affect your eligibility and what impact they may have on your credit card.

Income of the Applicant: Banks pay attention to the income of the applicant before approving their application to ensure their repayment capacity. If the income of the applicant falls in a high scale set by the bank, he is eligible to get more credit limit and vice versa.

Existing Relationship with the Bank: If applicants have existing salary or savings accounts with the bank, then the chances of getting approved for a credit card are higher. This is because banks can easily track income details & other expenses via existing accounts easily.

Past Credit History: If an applicant has a poor track of repayment for other bills in the past, banks generally hesitate to offer a credit card to that person. To track the past credit record, banks refer to CIBIL score of the applicant.

Age of the Applicant: Age of the applicant is also one of the factors that decide the eligibility of a person to get HDFC Bank credit card. For a person above 55 years of age would get less credit limit as compared to the person who is between 18-35 years. Age is one of the factors because it defines repayment capacity of the credit card holder.

Minimum CIBIL Score for HDFC Credit Card: You should ensure that you fulfill the minimum CIBIL score for HDFC credit card criteria to be eligible for HDFC credit card. It is advisable to maintain the credit score above 750 to get the credit card with least issues during the application process.

To check your HDFC bank credit cards eligibility at Paisabazaar within minutes, you just have to fill in your basic details. Follow the steps given below-

Step 1- Visit our website and go to the ‘Credit Cards’ section.
Step 2- Select your occupation (Salaried or Self-employed).
Step 3- Enter your monthly income, select the city of your residence and enter your mobile number.

After this, you will land on Paisabazaar’s credit card marketplace where you can find all the credit cards that you are eligible for, based on the information provided in the previous form. Here you can filter the options on the basis of bank, annual fees, rewards and benefits. You can also compare the best credit cards.

Step 4- Once you select a credit card, click on ‘Check Eligibility’. Now you will be required to fill out a detailed form. The information you provided before will be pre-filled. You would have to provide your name, date of birth, employer’s name, pin code, etc.

Once you fill out the form and submit, the application process is completed. In case you do not meet the eligibility criteria for the selected credit card, an executive will call you to suggest some more credit cards that you may be eligible for.

Which HDFC credit card is lifetime free?
HDFC Bank offers many credit cards with annual fee waiver. It also offers credit cards that don’t charge annual fee if user sets up standing instructions to pay their utility bills, postpaid bills or insurance.

Which HDFC credit card is best for salaried Employees?
There are many credit cards that HDFC offers to salaried customers based on their earnings. The credit cards are:

What is the minimum salary for HDFC credit card?
The minimum monthly salary to avail a HDFC credit card is Rs. 13,500

Can we take cash from HDFC credit card?
Yes, customers can withdraw cash using their HDFC Bank credit card. However, a cash withdrawal fee and finance charges will be levied on the withdrawn amount.

What is the minimum amount due in HDFC Bank?
The minimum amount that customers have to pay on their HDFC Bank credit card is 5% of the outstanding amount or Rs. 200 whichever is higher.