Quick Answer: Is There A Credit Card For Pensioners?

What is minimum salary for credit card?

The minimum salary is Rs.

12,000 per month for a salaried person, while its Rs.

2 lakh per annum for self-employed individuals.

Applicant should have a regular source of income and a good credit score..

Can you open a credit card with no income?

If you don’t have enough income to qualify for a credit card on your own, you still have options. Seek out a co-signer: Ask a friend or family member with a good credit score to co-sign your application. … Secured cards are for people looking to build or rebuild credit, so income requirements tend to be more relaxed.

Does AARP offer credit cards?

More specifically, the AARP Rewards Card is available to anyone with good credit or better, regardless of AARP membership (which costs $16 per year). … The AARP Card’s generous rewards and lack of an annual fee make it an excellent choice for anyone looking for a low-cost way to save on everyday expenses.

What credit cards give you free travel insurance?

4 Best Credit Cards for Travel Insurance BenefitsChase Sapphire Reserve®Capital One Venture Rewards Credit Card.

How can I get a credit card fast?

The best way to get a credit card fast is to apply online and then request expedited shipping once you’re approved….How do I get a credit card fast?Apply online. … Apply for cards below your range. … Check for preapproval. … Look for instant use cards. … Request expedited shipping. … Call the issuer.

Which credit card is best for low income?

Top Low Income Credit CardsCredit Card VariantAnnual FeeCategoryYES Bank Prosperity Reward Plus Credit CardRs.0RewardsICICI Platinum Chip Credit CardRs.0LifestyleMakeMyTrip ICICI Bank Platinum Credit CardRs.0TravelSimplyCLICK SBI CardRs.499Online Shopping6 more rows

How can I get a credit card with low income?

Here are basic documents required to apply for credit card:Salary slips from the company.Income tax return document.Pan Card.Latest bank statement where the salary credited is for minimum 3 months. Here are 8 best credit cards For low salaried individuals:

Which bank credit card is best?

List of 10 Best Credit Cards in India for 2020Top 10 Credit CardsAnnual FeeBest Suited ForAxis Bank Ace Credit CardRs. 499CashbackAmazon Pay ICICI Credit CardNilOnline Shopping & CashbackHDFC Regalia Credit CardRs. 2,500Travel & ShoppingIndianOil Citibank® Platinum Credit CardRs. 1,000Fuel6 more rows

Can an 80 year old get a credit card?

Officially banks don’t have a maximum age – over which you are considered too old to get a credit card.

How do I know if I am eligible for a credit card?

Factors of Credit Card Eligibility CriteriaAge: You must be at least 18 years old. However, some banks have a minimum requirement of 21 years. … Annual salary: Your annual income determines if you’re eligible for a particular card. … Nationality or residential status: Citizens, residents, and non-residents can apply.

Can senior citizen apply for credit card?

In India, there are three ways senior citizens can get credit card: Against Fixed Deposit. Against Income. Add-on Card.

What are the easiest credit cards to get approved for?

What Is the Easiest Unsecured Credit Card to Get Approved For?Credit One Bank Platinum Visa: The Credit One Bank Platinum Visa offers cash back with no security deposit required. … Total Visa: The Total Visa is an unsecured credit card designed for people who don’t have perfect credit.More items…•

Can pensioners get a credit card?

You can apply for most credit cards when you’re on a pension, retired or a senior citizen – as long as you meet the card’s application requirements. The credit card issuer may also ask you for additional documents and details about your income and other financial circumstances.

What is the best credit card for seniors?

Top credit cards for retireesCapital One Venture Rewards Credit Card.Bank of America® Cash Rewards credit card.Costco Anywhere Visa® Card by Citi.U.S. Bank Visa® Platinum Card.Blue Cash Preferred® Card from American Express.AARP® Credit Card from Chase.

How can I get a credit card with 10000 salary?

If you don’t qualify for a credit card, you can opt for a secured deposit credit card, where you deposit money as fixed deposit and can get a card that is linked to that deposit. There are a few credit cards provided by Canara Bank and Bank of India that provide credit cards to people who have a salary of Rs. 10,000.

Can I lie about my income for a credit card?

Lying on a credit application can be a costly mistake. Report your income, debt, employment status and housing costs correctly. Chances are, your lender won’t verify these items. But it has every right to, and, if it does, you could end up paying beaucoup bucks and/or spending time in a concrete cell.