RBL Bank Credit Card Eligibility Criteria & Required Documents

RBL Bank, known for its ‘trustworthiness’ and ‘customer-centric approach’, has made huge achievements in the banking sector. Simply put, this bank offers a lot of financial offerings but their credit cards are the most valuable, especially for managing expenses. After all, a credit card is a must-have for all those who are earning. It provides convenience and financial flexibility, allowing people to manage their expenses efficiently. However, not everyone can get a RBL Bank credit card. 

That is why, before applying, it is necessary to do a credit card eligibility criteria check. Along with it, you also need to submit some documents. Well, this article will guide you on RBL Bank credit card eligibility and more, so get ready! 

Who Is Eligible To Get A Credit Card From RBL Bank?

To be eligible for an RBL Bank credit card, applicants must meet specific criteria. 

Here are the general requirements:

• Age: The minimum age limit is at least 18 years old. Some cards might also ask for a minimum age of 21.
• Income: The minimum income requirement ranges from Rs. 1 lakh to Rs. 3 lakhs per annum. This depends on the specific credit card.
• Employment Status: Applicants can be either self employed or salaried. The bank checks the stability and reliability of the employment status.

In addition to these basic requirements, RBL Bank might have additional specific criteria for different credit card types.

Required Documents for RBL Bank Credit Card Application

When applying for an RBL Bank credit card, applicants must submit these documents:

• Application Form: The completed credit card application form.
• ID Proof: Aadhaar card, PAN card, passport, or other government issued identification.
• Residence Proof: Utility bill, PAN card, Aadhaar card, driving licence, etc.
• Passport Size Photos: Recent photographs.
• Recent Salary Slips: For salaried individuals, the latest salary slips.
• Bank Statement: Recent bank statements.
• Form16: For salaried individuals, Form16 is required as proof of income.

For self employed people, additional documents are necessary:

•  Income Proof: Proof of income such as IT returns.
• Account Statements: Recent bank account statements.
• Business Proof: Documentation proving business ownership and operations.

Students can apply for a student credit card by submitting their student ID along with the basic documents listed above.

Key Factors Influencing Your RBL Bank Credit Card Eligibility

Several factors can influence your eligibility for an RBL Bank credit card:

• Age: The basic age requirement is 18, but some banks might require applicants to be at least 21 years old. The maximum age limit is generally around 60 years.
• Salary: While the minimum eligible salary is around 3 lakhs per annum, this can vary based on the credit card type.
• Credit Score: A good credit score (typically between 750 to 900) is crucial. It shows your credit history and repayment attitude.
• Credit Utilization Ratio: This ratio measures your credit card spending relative to your credit limit. A lower ratio indicates better credit management.
• Residential Status: Residents, nonresidents, and citizens can apply. Some cards are also available to NRIs.
• Employment Status: Stability in your job is necessary. Especially if you’ve been employed for over a year. This can positively affect your eligibility.
• Other Loan Applications: Applying for multiple loans or credit cards simultaneously can negatively impact your eligibility. Maintain a minimum interval of six months between applications.
• Location: Eligibility might depend on your residence in a specific city, as requirements vary between banks.

Tips to Boost Your Credit Card Eligibility

To improve your chances of getting an RBL Bank credit card, consider these tips:

• Regularly check your credit score and ensure it stays within the good range (750900).
• Stay in your job for at least a year to demonstrate stability.
• Keep your credit utilization ratio low by managing your existing credit card debt efficiently.
• Avoid applying for multiple credit cards or loans at once to prevent a negative impact on your credit score.
• Regularly update your income details with the bank to reflect any positive changes in your financial status.

Check Out Different Types of RBL Bank Credit Cards

RBL Bank offers a lot of credit cards, designed for different needs of people. With a total of 25 credit cards available, here are a few notable ones:

• ShopRite Credit Card: Ideal for shopping enthusiasts.
• World Safari Credit Card: Perfect for frequent travelers.
• Icon Credit Card: A premium card with exclusive benefits.
• Platinum Maxima Plus Credit Card: Offers numerous rewards and perks.
• Platinum Delight Credit Card: Great for earning rewards on everyday purchases.
• Cookies Credit Card: Tailored for digital spending.
• Platinum Maxima Credit Card: Provides a balance of rewards and benefits.

Conclusion:

Ultimately, RBL Bank’s credit cards offer a range of benefits. That is why having one is more like a perk. In this process, understanding how to do credit card eligibility criteria check and gathering the necessary documents can streamline the application process. 

Also, by maintaining a good credit score, you can improve your eligibility for an RBL Bank credit card. Hope this article helps. 

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