8 Best Credit Cards For Low Salaried Individual

Credit cards are not issued to everyone who applies for one, because before issuing credit cards, the bank goes through factors such as type of employment, credit history and loan. This is done to ensure that you will be able to repay the amount used from the credit card.Banks do provide credit cards for low salaried (Rs 8,000- Rs 15,000) depending on the annual income. Eligibility on the card will be 3 times of the monthly salary.Here are basic documents required to apply for credit card:1. Salary slips from the company2. Income tax return document3. Pan Card4. Latest bank statement where the salary credited is for minimum 3 monthsHere are 8 best credit cards For low salaried individuals: Bank of India Visa Gold Card will make your purchases more rewarding. Bank of India Visa Gold Card offers EMI option at affordable interest rates where the cardholder can convert costly payments to instalments. Bank of India Visa Gold Card will make your shopping experience more rewarding with exclusive privileges and reward schemes. With the Visa Gold Credit card, you do not have to face the hassles of making a cash transaction and waiting for the change.The cardholder can easily convert their purchases to EMI since the value of the transaction is greater than Rs.5000. Now you dont have to think twice before making expensive purchases.the cardholder only has to pay 10% of the invoice by the due date at the latest. The cardholder will have to pay interest of 1.70% per month on the 90% unpaid balance. The customer will be charged interest of 2.5% per month if the total amount is overdue.Customers whose gross annual income is Rs 1.50 lacs & above are eligible to apply for this card. The fee charged is Rs 600 per annum. One can also avail add on credit card for Rs 350 p.a. The ICICI Bank HPCL Coral Credit Card help you keep fuel costs under check with powerful cashback and fuel surcharge waiver programs.The applicant should earn a monthly salary of Rs 20,000 (if salaried) or have an annual income of Rs 3 lakhs as per ITR (if self-employed). The fee charged for first year is Rs 199. With the My Zone credit card from Axis Bank, you can benefit from discounts on all your daily expenses made with the card. It offers cashback on movie ticket purchases, free lounge access at airports, and a fuel surcharge exemption. The card comes with an interest of 46.78% per year and with membership fees of Rs.500 which are cancelled if you spend more than Rs.5,000 in the first 45 days. An annual fee of 500 rupees is also charged from the 2nd year.Axis Bank My Zone Credit Card Highlights: 100 points will be credited when using the card for online purchases for the first time.For each Rs.200 spent on the card, you get 4 to 40 reward points. You also get 10 times more reward points for eating out at the weekend in select hotels and restaurants. Axis My Zone credit card users can take advantage of 4 free visits per year to participating airport lounges in India. Booking cinema tickets using the My Zone credit card will entitle you to a 25% reduction on the total booking account. Get a 1% fuel surcharge exemption for fuel transactions at all service stations across India. The waiver is valid on card transactions between Rs.400 and Rs.4,000. Any purchase over Rs 2,500 using the card can be converted into easy monthly payments by contacting the bank. You can repay the amount in tenures of 6, 9, 12, 18 or 24 months.Axis Bank My Zone credit cardholders who do not have a savings or Axis Bank current account can pay bills by bank card via Net Banking, NEFT, ECS, etc. or DD in favour of their credit card number. To avail credit card from HSBC, the minimum salary income should be Rs 1.5 Lac or more per annum.HSBC credit cardholders have nil lost-credit card liability after the loss of the credit card has been reported to the Bank in writing or to the VISA or MasterCard Global Emergency Assistance Helplines. This is a card designed to meet moderate lifestyle. The card is brought to you in association with VISA. You need a minimum of Rs 1 lakh to be eligible. It brings comfort and convenience to your everyday life. The minimum limit of a Vijaya Bank Visa Classic Credit Card is Rs 5,000 and the maximum limit is Rs.75,000. The credit card provides cash withdrawal facility to its customers, which is 50 percent or Rs 25,000 of the card limit. To avail this card, one should be the account holder of the bank.Vijaya Bank Mastercard Global Credit CardTo avail this card, the salaried individual must have gross income of at least Rs 1,20,000 per annum and a self-employed individual must earn at least Rs 10,00,00 per month in order to be eligible. The HDFC Freedom card is a reward credit card that offers you a wide range of benefits and features. The credit card provides you with reward points on every purchase you make as well as accelerated points on your birthday spending, PayZapp and others. Apart from that, with the Liberty card, you will also receive benefits from various other categories such as fuel, insurance, etc.HDFC Freedom Credit Card Highlights: Take advantage of 5X reward points on your meals, grocery, your train reservations, your taxi reservations and your film expenses.Make the most of your birthday with 25X reward points on your card expenses. Gift voucher of Rs.1,000 on expenses of more than Rs.90,000 in one year. Renewal fees are waived if annual expenses exceed Rs.50,000 rupeesInterest-free period of up to 50 days.The credit limit of the HDFC Freedom card is entirely at the discretion of the bank. The bank takes into account certain factors before allocating a credit limit. The credit score of the applicant, the credit report is checked as well as the repayment habits of past and current loans are also taken into consideration. This is exclusively for high-end HSBC customers and has many privileges. This card gives you some of the best dining, shopping and travel benefits. If you are a privileged customer of the bank, you should have this one because it is one of the best cards you can hold.HSBC Premier Master Card Highlights: All applicants must be over 21 years of age to avail this card. He must earn Rs 5 lakhs per year. This card is offered based on the total balance of relationships maintained. It has a criterion for a balance of 5 lakhs to be maintained in a quarter. The card is only available for candidates earning 5 lakhs and more. Make 2 points for each expense of Rs 100. Get 1.5% cashback on international spending. Get up to 5% cash back at bigbasket.com. You can get a free priority pass membership. It offers 50% cashback in PVR cinemas. Free access to the first airport lounges twice a year. By spending Rs.75000 in one month, you can benefit from Rs. 1000 vouchers from Bookmyshow.comHSBC introduced this card exclusively for those earning very high wages. Everyone cant afford it, but the benefits that come with it are very good. The APR is very low at 29.88%, which is the lowest rate you can get. There is no membership fee and annual membership fee for this card. You can earn points as you spend and even collect money on your international purchases.