As we grow older and become adults, one of our primary goals is to secure a job and fulfill our dreams. Now, in this journey, credit cards often play a crucial role. After all, they provide financial flexibility and support to achieve various aspirations. HDFC Bank acknowledges this and that is why the bank offers different credit cards as per different needs.
Whether you are salaried or self employed, HDFC Bank has a credit card for you. The best part is, these cards cater to various interests such as lifestyle, travel, and fuel.
Some popular HDFC credit cards include the Millennia Credit Card and the Paytm HDFC Bank Digital Credit Card. However, each card has specific eligibility criteria. Wait, you’re unaware how to do credit card eligibility criteria check? If so, this article will help you.
HDFC Bank Credit Card Eligibility Criteria
Here are some standard criteria that you must know about before applying for a credit card.
Residential Status: To apply for an HDFC Bank credit card, you must be a resident of India. While some lenders may offer cards to NonResident Indians (NRIs), HDFC primarily caters to Indian residents.
Age: The age requirement for HDFC Bank credit cards differs. For salaried people, you need to be between 21 and 60 years old. For self employed people, the age range is 21 to 65 years. This ensures that the applicant is financially stable enough to manage the credit card responsibly.
Income: Someone earning ₹1,00,000 per month may qualify for an HDFC Bank Regalia Gold Credit Card. In contrast, an individual with an income of ₹25,000 per month might be eligible for an HDFC Bank MoneyBack+ Credit Card. Self Employed applicants may need to provide their latest Income Tax Returns as proof of income.
In cases where applicants don’t meet the income requirements, some card issuers might offer credit cards backed by a Fixed Deposit. The credit limit on such cards is usually a percentage of the Fixed Deposit value and may come with spending limits.
Bank Account: You don’t need to hold an account with HDFC Bank to apply for their credit card. However, you do need a bank account to provide proof of income. A Salary Account where your employer deposits your monthly salary can serve as income proof.
Credit History: Financial institutions report your debt repayment habits to credit bureaus, which calculate a credit score ranging from 300 to 900. A higher score indicates better creditworthiness. Generally, a score of 750 or above is considered good and improves your chances of approval. Your credit score also reflects your ability to repay credit card bills.
Multiple Credit Cards Offered By HDFC Bank
Undoubtedly, HDFC Bank offers a variety of credit cards. Here are some of the main types of credit cards they offer along with key features for each:
Here’s the given content in table format for easier comparison:
| Credit Card | Features |
|---|---|
| Infinia Credit Card | – Unlimited lounge access at airports globally. – Complimentary golf games at leading courses worldwide. – High reward points on every purchase. |
| Diners Club Black Credit Card | – 10x reward points on international spends and select Indian spends. – Complimentary unlimited airport lounge access. – Exclusive concierge service for personal assistance. |
| InterMiles HDFC Bank Signature Credit Card | – Earn up to 12 InterMiles for every Rs. 150 spent on flight and hotel bookings. – Welcome benefits include up to 8,000 Bonus InterMiles. – Discounts on Etihad Airways tickets. |
| Millennia Credit Card | – 5% cashback on Amazon, Flipkart, and other popular merchants. – Complimentary lounge access at domestic airports. – EasyEMI conversion on high-value purchases. |
| MoneyBack Credit Card | – Earn 2 reward points for every Rs. 150 spent. – 100% cashback on reward points. – Fuel surcharge waiver. |
| Regalia Credit Card | – 4 reward points per Rs. 150 spent. – Complimentary domestic and international lounge access. – Travel concierge services. |
| Bharat Credit Card | – 5% cashback on IRCTC, groceries, and bill payments. – Annual savings of up to Rs. 3,600. – 1% fuel surcharge waiver. |
| Times Titanium Credit Card | – Discounts on dining, movie tickets, and shopping. – 3 reward points per Rs. 150 spent. – Complimentary lounge access at select domestic airports. |
| Platinum Plus Credit Card | – Fuel surcharge waiver. – 2 reward points per Rs. 150 spent. – Free add-on cards for family members. |
| Business MoneyBack Credit Card | – Cashback on business-related expenses. – Easy management of employee expenses. – Higher credit limits suitable for business needs. |
Required Documents for HDFC Bank Credit Card
When applying for an HDFC Bank credit card, keep the following documents handy. If applying online, you will need scanned copies. For branch applications, carry photocopies.
1. Address Proof and Identity Proof:
| Identity Proof | Address Proof |
|---|---|
| Aadhaar Card | Aadhaar Card |
| Driving License | Passport |
| Voter’s ID | Utility Bills (not more than 3 months old) |
| Pan Card | Any other government-approved ID |
| Passport | – |
| Any other government-approved ID | – |
2. Income Proof (any one):
- Bank Statement or salary slip for the last 3 months
- Last 2 years’ audited financial report (for self-employed)
Tips to Improve Your Credit Card Eligibility
To improve your chances of getting an HDFC Bank credit card, consider these tips to improve your credit score:
- Timely Debt Repayment: Pay off your debts on time. Late payments can negatively impact your credit score. If you have defaulted on any loan, ensure it is settled to clean up your credit record.
- Correct Inaccuracies in Credit Report: Occasionally, paid loans may still appear as outstanding in your credit report. Regularly check your credit report and correct any inaccuracies immediately.
- Start with a Basic Credit Card: If you are new to credit, apply for a basic credit card from your existing bank. Use it responsibly to build a good credit history. Over time, this will improve your score and make it easier to get more premium cards and loans in the future.
Check Other Bank Credit Card Eligibility
Conclusion:
Getting an HDFC Bank credit card can significantly assist in fulfilling your financial goals. And by understanding how to do credit card eligibility criteria check, you can better prepare your application. Just keep the necessary documents ready for a smooth application process.
By following the tips to improve your credit score, you can enhance your chances of approval. So what are you waiting for? Apply for an HDFC Bank credit card today and take a step towards financial freedom and achieving your dreams.