HDFC Bank is one of the largest private sector banks in India. It began its operations in India in the year of 1994. The headquarters of the HDFC Bank is in Mumbai, Maharashtra. Although it is an Indian Bank, it has its branches in countries around the world. In order to provide the service of cashless payments to its customers, HDFC Bank partakes in issuing credit cards. The credit cards are reliable and efficient in making easy payments. The HDFC Credit Card Eligibility is discussed below.

HDFC Bank focuses on eligibility to ensure regular payments by its customers. Otherwise, unpaid credit cards hall generate Non-Performing Assets in the country. That is going to prove detrimental to the country and thus, HDFC Credit Card Eligibility was set up to prevent that. Therefore, the HDFC Credit Card applicants need to clear the criteria set by the bank to avail the credit card.

HDFC Credit Card Eligibility

HDFC Credit Card Eligibility for Salaried Individuals

The salaried employees must fulfill the following HDFC Credit Card Eligibility in order to avail the benefits of the HDFC Credit Cards

Indian Citizenship

The applicant must be a citizen of India as well as a resident of India.

Criteria of Age

The salaried employee applicant needs to be a minimum of 21 years to avail an HDFC Credit Card. The maximum age for the applicant can go uptil 60 years.

The age criteria has been set keeping in mind the payment capacity at various ages of the individuals.

Regular Income

The applicant of the credit card must have a regular source of income. This shall ensure that the applicant has the capacity to make regular credit card payments on time. Hence, if the income is not regular, the salaried employees shall not be able to fulfill their obligations.

HDFC Credit Card Eligibility for Self-employed individuals

The self-employed individuals need to fulfill the following HDFC Credit Card Eligibility to avail the HDFC Credit Cards

Indian Citizenship

The applicant must be a citizen of India as well as a resident of India.

Criteria of Age

The self-employed applicant needs to be a minimum of 21 years to avail an HDFC Credit Card. The maximum age for the applicant can go uptil 65 years.

Regular Source of Income

The self-employed applicant of the HDFC credit card must have a regular source of income. As discussed above, a regular source of income brings confidence to the Bank about the capability of the applicant to make payments in the future. Therefore, a self-employed applicant who does not have a regular income source shall be rejected from being granted HDFC Credit Cards.

Other Factors that decide the HDFC Credit Card Eligibility

  • The applicant of the HDFC Credit Card must have a good credit history. This shows that the applicant has not defaulted on payments in the past. Therefore, the bank builds further trust on the applicant and becomes sure of his/her capacity to make the payments in the later stages.
  • The higher the income of the applicant, the easier it for them to avail the HDFC Credit Cards.
  • The applicant must have had a good relationship with the bank throughout. The HDFC Bank considers the conduct of the applicants having accounts with the HDFC Bank before issuing credit cards.

If you want to apply for credit card, you can go with FinBucket

Related Topic: RBL Credit Card Customer Care