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2 mins Read | 10 Months Ago

What is the Minimum Salary Required for Credit Card in India?


Credit Card for Low Income: What is the Minimum Salary Required for a Credit Card in India?

In a world of increasingly digital financial transactions, Credit Cards remain a popular payment tool, providing convenience, flexibility and some terrific rewards to users. While perceptions exist about Credit Cards being most commonly associated with individuals with higher incomes, it is important to note that there are Credit Cards for individuals with low income and even for those with no income or credit history. Today, you can get into the topic of minimum salary requirements for Credit Cards in India and understand how that works, particularly for ICICI Bank Credit Cards. Let us explore the income requirements, other eligibility criteria and various options for getting a Credit Card.

ICICI Bank Credit Card - Income and Other Eligibility Criteria

Apart from the basic eligibility criteria, there are other factors that play a significant role in determining your eligibility for a Credit Card, including:

  • Age: ICICI Bank usually requires applicants to be at least 21 years of age. However, some cards may have different age requirements, so checking the specific card's eligibility criteria is important.

  • Income: Having a regular source of income is vital for Credit Card approval. While the income requirements may vary, ICICI Bank typically considers a net annual income of Rs 2.5 lakh for Credit Card applications. However, certain cards may have stricter income criteria.

  • Nationality: ICICI Bank Credit Cards are available to both Indian residents and non-residents. However, confirming the eligibility criteria with the bank is advisable before applying.

Credit Cards for Low Income

If you have a lower income and are looking for a Credit Card option, ICICI Bank offers the Instant Platinum Credit Card. This card is ideal for existing customers with no credit history or income proof, as it is secured against a Fixed Deposit (FD) with a minimum value of Rs 20,000, which should be at least 180 days old.

Key Privileges of ICICI Bank Instant Platinum Credit Card

The ICICI Bank Instant Platinum Credit Card provides numerous benefits, including:

  • The card has no joining or annual fee.

  • Contactless Technology: The card has built-in contactless technology, enabling quick and secure payments at retail outlets.

  • Reward Points: Earn reward points on your card spends and redeem them for cash or other exciting options.

  • BookMyShow Offers: Avail a 25% discount up to Rs 100 on purchasing at least <two> movie tickets twice a month through BookMyShow (terms and conditions apply).

  • Dining Offers: Enjoy exclusive dining offers through the ICICI Bank Culinary Treats Program.

  • Low-Interest Rate: Use the Instant Platinum Credit Card for managing day-to-day liquidity, as it offers a low-interest rate of just 2.49% per month.

Applying for the ICICI Bank Instant Platinum Credit Card

To apply for the ICICI Bank Instant Platinum Credit Card, visit your nearest ICICI Bank Branch. The card is available instantly, over the counter, against your ICICI Bank FD.


While Credit Cards are often associated with higher incomes, ICICI Bank also offers options for individuals with lower incomes. By understanding the eligibility criteria and exploring suitable Credit Card options, such as the Instant Platinum Credit Card, individuals with limited income can benefit from the convenience, security, and rewards that Credit Cards offer. Evaluate your requirements, consider your income level and make an informed decision to choose the Credit Card that aligns with your financial needs.

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