RBL Bank Credit Card Eligibility

Whether you are applying for a Bajaj Finserv RBL Bank Supercard or RBL Bank credit card you must meet the following eligibility criteria.

Age – You must be over 25 years of age.

Employment – You must be employed with a company or running your own business.

Income – A stable source of income is required. The minimum income for salaried and self-employed individuals is Rs. 25,000 p.m.

Location – You must be residing in one of the serviced cities. The list of cities can be found here.

You must also submit self-attested photocopies of certain documents to establish your place of residence, income and identity. The following documents are accepted by the bank:

Banks take into consideration a few factors when they are deciding to sanction a credit card or not. The factors are listed below:

Credit Score – RBL Bank will make a hard enquiry into the applicant’s credit report. It will show the bank how much credit the applicant has taken up to that point. They will also know about the payment pattern defaults if any and so on. Customers with a good credit score of 750 and above have a higher chance of getting application approval.

Debt to Income Ratio (DTI) – It is the ratio between your debts and monthly income. Customers with a low DTI score will have a higher chance of securing an American Express credit card.

Previous Credit Cards – If the customer applies for multiple credit cards or loans in a limited time frame then the banks will see the customer as credit hungry. Such individuals might get their credit card applications rejected. However, if there is a sufficient gap between the card applications then applicants who have multiple credit cards will get a new credit card easily.

Income – Income affects the credit limit that the user gets. Moreover, different RBL Bank credit cards come with different minimum income requirements.

How can I increase my RBL Bank credit card limit?
You can easily increase the credit card limit by calling the customer care center at RBL Bank. The number is +91 22 6232 7777.

What is the Minimum Salary for Credit Card?
The minimum salary to be eligible for any RBL Bank credit card is Rs. 25,000 per month.

What are the benefits of RBL Bank credit card?
The benefits of RBL Bank credit card are:

Welcome Benefits – Many RBL Bank credit card offers welcome benefits like movie vouchers, points, or coupons to card holders

Balance Transfer – Customers can transfer their credit card bills from other credit card providers and then pay them back in low cost EMIs. Also RBL Bank charges a nominal processing fee on balance transfer.

Milestone Benefits – Customers can expect to receive rewards, coupons, and benefits when they meet spend milestones. For example Movies and More credit card rewards user with 5,000 bonus Reward Points when annual spends cross Rs. 2.00 lakh

Reward Points – RBL Bank offers reward points to users who use their credit cards. Customers can redeem their reward points against products, services, airmiles, and so on.

Can you be denied a pre-approved credit card?
Banks screen a potential customer before they offer a pre-approved credit card to customers. When the customer applies for the pre-approved credit card the bank will do a hard review of their credit score report. Now, when a bank makes a hard inquiry on a customer’s credit history it may uncover a payment default or some other fault. In such cases the bank may refuse to provide the said customer with a pre-approved credit card.

Should I accept a pre-approved credit card?
If you are offered a credit card that meets your requirements and offers you relevant rewards and benefits then you should go ahead and get it. However, don’t accept a credit card if they do not provide relevant benefits and rewards.