5 Best Low Salary Credit Cards in India 2022

Everyone wants to have a credit card, but it’s pretty challenging for low-salary people in India until they know from where they’re applicable. 

And if you’re somebody who is looking for a low-salary credit card, then you’re at the right place. Because in this article, we’ve listed the top 5 low-salary credit cards where you can apply and quickly get. 

You need to understand that each bank has its requirements and policies. And having a job or business is not enough for approval. But there are some low-salary credit cards available in India where you can apply. 

What is a Low-income Credit card?

This low-income credit card is applicable for those whose monthly income ranges from Rs.10, 000 – Rs.25,000 per month. These credit cards come with lower limits than any other credit card in the market. It also depends on your credit score, spending habits, your income, and if you’re getting any offers. 

Documents Required to Apply for Credit Card

Even if you’re looking for a low-salary credit card, banks need documents to verify and check eligibility. And if you’re looking for a credit card, then these are must-have Documents:

  • Salary Slip from company
  • Address proof
  • Pan Card
  • Statement of recent three months salary credited.

5 Best Low Salary Credit Cards in India

Best Low Salary Credit Cards in India

We’ve covered each credit card’s benefits, eligibility, limits, and features that help you to compare and pick the best one for you. 

1. SBI Simply SAVE Credit Card

SBI SAVE Credit Card

SBI is the most trusted bank and best for new starters in their career. And it comes with so many features and benefits. 

Eligibility:

  • Annual Income Rs. 1 lakh+.
  • Applicant Age between 21-60.

Features:

  • If you spend Rs. 2000 in 60 days, you’ll get 2000 bonus points.
  • If you spend on groceries, departmental, movies, then you’ll get 10X rewards.
  • You’ll earn 1 Reward Point for every Rs.100 you spent.
  • Get 1% cashback if you use this card at any petrol pump.
  • If you spend 1lakh+, you will get free membership for the second year.

Fees & Charges:

  • Joining Fee (One time): Rs. 599.
  • Renewal Fee: Rs. 599.
  • Interest-Free Period: 20-50 Day’s.
  • Cash Limit: Use Upto 80%.
  • Card replacement: Rs. 100.

2. Axis Bank Insta Easy Credit Card

Axis Bank Insta Easy Credit Card

Anyone can instantly get this credit card because it’s available for those who will open a fixed deposit of a minimum of Rs. 20,000 at Axis Bank. You don’t even need to submit any documents for eligibility. 

Also, you don’t need to show proof of your income. Just open a fixed deposit. 

Eligibility:

  • Open a Fixed deposit of a minimum of Rs. 20,000 to maximum Rs. 25, 00,000.
  • Only applicable for adults.

Features:

  • You can use a 100% Credit limit with 50 days without interest.
  • You can also withdraw cash up to 100% as per the available limit.
  • You’ll get a 1% fuel surcharge when you use the petrol pump.
  • Guaranteed approval for credit card.
  • You’ll also earn eDGE Loyalty rewards.

Fees & Charges:

  • Joining Fee: Nill.
  • Renewal Fee: Nill.
  • Interest-Free Period: Up to 50 days.
  • Cash limit: 100% credit limit.
  • Cash Fee: 2.5%.

3. ICICI Platinum Chip Credit Card

ICICI Platinum Chip Credit Card

If you want an easy-to-manage credit card with so many benefits and features, then the ICICI Platinum Chip credit card can be the best choice. 

Eligibility:

  • Applicant must be a resident of India.
  • Applicant must earn Rs. 2.5 lakh per year.
  • Applicant Age Must be minimum of 23.

Features:

  • You can make payments quickly and easily.
  • That chip protects your credit card from any Fraud.
  • For every payment and transaction, you’ll get rewarded. 
  • It comes with a fuel surcharge waiver at any petrol pump in India.
  • You can save up to 15% at the dining place.

Fees & Charges:

  • Joining Fee: Rs. 199.
  • Renewal Fee: Rs. 99/year.
  • Interest Fee: 3.40% per month.

4. HDFC Money Back Credit Card

HDFC Money Back Card

If you love cashback on each payment, then definitely you’ll love to use an HDFC Money-Back credit card because it allows you to redeem your rewards for cashback. HDFC comes with so many benefits and rewards that you can’t ignore. 

Eligibility:

  • Applicant must be a salaried employee.
  • Applicant Age between 21-60.

Features:

  • You’ll earn two rewards points for each transaction of Rs. 150 via card. 
  • You can also redeem your points for cash back, Rs.20 for every 100 points.
  • Shop Online and get 2x rewards.
  • It comes with in-built EMW chips to protect from any Fraud.

Fees & Charges:

  • Joining Fee: It varies from one cardholder to another.
  • Renewal Fee: If you spend 50,000+ then your next year membership is free.
  • Interest-Free Period: Up to 50 days.
  • Cash Fee: 2.5% with minimum Rs.500.
  • Replacement Fee: Nill.

5. Yes Prosperity Rewards Plus Credit Card

Yes Prosperity Rewards Plus Credit Card

It’s prevalent in between low salary credit cards. Because it’s easy to get and comes with so many benefits and rewards for low-salary people, but this card is available in some cities; you need to check if it’s available in your city or not. 

Eligibility:

  • Applicant Age between 21-60.
  • Applicants must be salaried or self-employed.
  • Applicants must earn Rs. 25,000/Month or file income tax return of Rs. 5 lakh.

Features:

  • You’ll get so many rewards on groceries and supermarkets.
  • It comes with a fuel surcharge waiver at any petrol pump in India.
  • When you spend Rs. 3.6 Lakh in a year, then you’ll get 12,000+ bonus reward guaranteed.
  • It comes with a life insurance policy for cardholder name.
  • You can redeem Reward points at YesRewardz.
  • You can enjoy other services like Instant EMI, loan, etc.

Fees & Charges:

  • Joining Fee: Rs. 350 if you spend Rs. 7,500+ in 90 days.
  • Renewal Fee: Rs. 350 if you spend Rs. 12,000 in year.

There are many more credit cards available in the market. But these are the best low-salary credit cards in India. And we’ve listed these credit cards based on Easy to approve, Secure, Amazing cashback & rewards, and low-Interest fee. And that’s why these are the best picks from our side. Most credit cards come with an easy approval process, and you’ll get your card immediately. 

Final Verdict

These are the top low-salary credit cards in India. Having a credit card is beneficial nowadays, and if you’re looking for a low-salary credit card, this article is the most helpful for you. Because we’ve listed best low salary credit cards that are easily applicable and come with rewards and cashback. We’ve discussed each credit card eligibility, features, benefits, and fee that helps you compare all five and select the best one per your suitability. 

Leave a Comment

Your email address will not be published.