ICICI Credit Card Eligibility

There are certain factors set by the bank which decide your eligibility for a credit card. Mostly, the eligibility criteria for credit cards differ from one card to another, there are a few factors that directly impact your chances of approval for ICICI Credit Card:

Age: Usually, to apply for a credit card, the minimum age requirement is 18 years. However, most of the people don’t start earning by this age. Therefore, to apply for a credit card offered by ICICI Bank, you must have attained the age of 21. Similarly, the maximum age to apply for the same is 65 years.

Income: To pay your credit card bills on time, it is important to have a regular source of income. The card issuers consider your servicing ability while assessing your application. Therefore, when issuing a credit card, your annual salary is one of the most important factors that decide your credit limit. Also, many credit cards have a minimum income requirement and if you do not meet the requirement, you won’t be able to avail that credit card.

Credit Score: Usually, card issuers prefer to give credit cards to people who have a good credit score. A credit score shows how responsibly you can use your credit card. Also, during the application process, the issuers fetch your credit score from the credit bureaus to assess your creditworthiness. Hence, it is important to have a good credit score to increase your chances of approval.

Suggested read: Tips to Improve Your Credit Score

Work Experience: While considering your employment, the issuers also consider your serviceable years in an organization. A stable job and work experience increase your chances of getting a credit card.

Prior Relationship: Most of the card issuers prefer to give credit cards to those customers who have maintained a prior relationship with the bank. This is majorly because the bank knows about the customer’s spending patterns, income and debts if any. Customers who have a well-maintained relationship with the bank will have a better chance of securing a credit card.

The eligibility criteria to apply for a credit card varies from card to card. Every card has its own terms & conditions, basis on which your credit card application is examined. Below mentioned is the basic income requirement for top credit cards issued by ICICI Bank:

Q. How can I apply for an ICICI Bank Credit Card?

A. You can apply for any of the ICICI credit cards by visiting the official website of the bank. All you need to do is look out for an eligible card and submit the duly filled application form. Apart from this, you can also visit any of the nearest branches of the bank and apply for a credit card. The bank will verify your details and process your verification.

Q. What is the minimum credit score requirement to be eligible to apply for an ICICI Bank Credit Card?

A. The bank offers credit cards to people who have a good credit score, preferably above 750. A good credit score increases your chances of approval. However, the bank also offers entry-level credit cards for people who are new to credit. You can apply for such cards if you want to start your credit journey.

Q. Is it mandatory to submit my salary slip to avail an ICICI Bank Credit Card?

A. Yes, the bank offers credit cards to people who have a regular source of income. You are required to submit your monthly salary slips to prove that you have a stable income. Also, in case you are self-employed, then you have to submit your annual ITR as income proof.

Q. What is the general eligibility to apply for an ICICI Credit Card?

A. In order to avail an ICICI Bank Credit Card, your age must be between 21 to 65 years, you have a regular source of income and you must be an Indian resident. Apart from this, you must fulfill the minimum salary requirement set by the bank for each credit card.

Q. Can I get an ICICI Credit Card without a regular source of income?

A. Most of the credit cards are offered only to people who have a regular source of income. However, if you do not have a regular source of income, then you can apply for a secured credit card. Such cards are offered against a fixed deposit, which ensures your credibility.