There are many queries asked by card applicants such as what is the minimum salary for credit card in India? And many individuals assume that credit card approval is mainly dependent on income and its proof submitted. And only high income earners get credit card approved. However this is not true. There are cards for low salary earning individuals as well. And here is the table showing list of 35 credit cards along with minimum annual income starting from Rs. 5000 per month to Rs. 1,00,000 (1 lakh) and its equivalent monthly income required by the banks.

Sr.No.	Credit Card Name	Minimum Annual Salary Required	Issuing Bank	Equivalent Monthly Income Required
1	India Card	Rs. 75,000	Bank of India	Rs. 6,250
2	Visa Gold	Rs. 1,50,000	Bank of India	Rs. 12,500
3	Visa Gold International	Rs. 1,50,000	Bank of India	Rs. 12,500
4	Axis Bank Gold	Rs. 1,80,000	Axis Bank	Rs. 12,500
5	Canara Visa Classic / MasterCard Standard	Rs. 1,00,000	Canara Bank	Rs. 8,333
6	Canara Gold	Rs. 2,00,000	Canara Bank	Rs. 16,667
7	Visa Classic	Rs. 3,00,000	Andhra Bank	Rs. 25,000
8	Visa Platinum	Rs. 5,00,000	Andhra Bank	Rs. 41,667
9	Visa Signature	Rs. 10,00,000	Andhra Bank	Rs. 83,000
10	RuPay Platinum	Rs. 1,80,000	Andhra Bank	Rs.15,000
11	RuPay Select	Rs. 5,00,000	Andhra Bank	Rs. 25,000
12	Titanium	Rs. 2,00,000	Bank of Baroda	Rs. 16,667
13	Signature	Rs. 12,00,000	Bank of Baroda	Rs. 1,00,000
14	Bombay Bullion	Rs. 3,00,000	Bank of Baroda	Rs. 25,000
15	Elite Platinum	Rs. 4,00,000	Bank of Baroda	Rs. 33,333
16	Select Platinum	Rs. 6,00,000	Bank of Baroda	Rs. 50,000
17	Gold	Rs. 1,80,000	Corporation Bank	Rs.15,000
18	Visa Classic	Rs. 60,000	Vijaya Bank	Rs. 5,000
19	Visa Global	Rs. 1,20,000	Vijaya Bank	Rs. 10,000
20	MasterCard Titanium	Rs. 1,50,000	Central Bank of India	Rs. 12,500
21	MasterCard World	Rs. 5,00,000	Central Bank of India	Rs. 25,000
22	Visa Gold	Rs. 1,50,000	Central Bank of India	Rs. 12,500
23	Visa Platinum	Rs. 5,00,000	Central Bank of India	Rs. 41,667
24	RuPay Platinum	Rs. 1,50,000	Central Bank of India	Rs. 12,500
25	RuPay Select	Rs. 5,00,000	Central Bank of India	Rs. 25,000
26	Gold	Rs. 1,50,000	Indian Bank	Rs. 12,500
27	Classic	Rs. 1,50,000	Indian Bank	Rs. 12,500
28	Gold	Rs. 1,50,000	Syndicate Bank	Rs. 12,500
29	Classic	Rs. 60,000	Syndicate Bank	Rs. 5,000
30	Classic	Rs. 60,000	Syndicate Bank	Rs. 5,000
31	Signature	Rs. 5,00,000	Union Bank of India	Rs. 41,667
32	Gold	Rs. 3,00,000	Dhanlaxmi Bank	Rs. 25,000
33	Platinum	Rs. 6,00,000	Dhanlaxmi Bank	Rs. 50,000
34	Empowerment	Rs. 80,000	Jammu and Kashmir Bank	Rs. 6,666
35	Empowerment	Rs. 1,50,000	Jammu and Kashmir Bank	Rs. 12,500

So one thing to note is, income is just one of the eligibility criteria to get a credit card. Evaluation of credit worthiness of the applicant by the card companies is done on the basis of other requisites as well. These include:

• Credit score
• Age
• Type of job (permanent or contractual)
• Income is validated on submission of salary slip for last 3 months.

Additional reading: Tips on getting credit card with no income proof Some banks also ask for (apart from card application form):

• Income tax return document
• Last 6 months bank statement
• ID and address proof
• Photograph

So as you can see above even for a monthly salary of Rs. 5000, credit cards are available. Even though very few banks offer cards for poor income earners the opportunity to start building credit history is important even though the credit limit is very low.

Author Bio:

Hi, I am Nikesh Mehta owner and writer of this site.

I’m an analytics professional and also love writing on finance and related industry. I’ve done online course in Financial Markets and Investment Strategy from Indian School of Business.

I can be reached at nikeshmehta@allonmoney.com. You may also visit my LinkedIn profile.