Which Bank Gives Credit Card Easily in India? A Complete Guide

Obtaining a credit card in India has become much easier over the years. With numerous banks offering credit cards, it can get confusing to determine which bank provides easy approval. The eligibility criteria vary across banks and card types. Typically, factors like income, credit score, employment status, and relationship with the bank influence the chances of getting approved. This article looks at the key considerations to help choose the right card and bank for easy approval.

How to Get Easy Approval for a Credit Card in India?

If you want to make it easier for leading banks in India to give you a credit card, follow these tips:

• Maintain a high credit score – Banks prefer customers with a credit score of 750 or above. Check your credit report and take steps to improve your score.

• Have enough money coming in. Most credit cards require a minimum of Rs 2 lakh a year in income. Higher incomes improve approval odds.

• Build relationship with bank – If you have existing accounts like savings or fixed deposits, you stand better chances with that bank.

• Pay bills on time – Timely repayments of loans and credit cards exhibit creditworthiness.

• Provide accurate documentation – Give complete documents with correct details to avoid rejection of application,

• Go for lower end cards initially – Beginners can opt for cards with lower eligibility criteria and upgrade later

• Use pre-approved offers. Banks send pre-approved offers to customers who are already with them and are likely to be approved.

• Add-on cards have easier approval – Becoming an add-on customer on someone else’s card is easier for fresh applicants.

Top 5 Banks for Easy Approval on Credit Cards

Here are the top 5 banks that make it easy to get a credit card, based on things like low minimum income requirements, high approval rates, pre-approved offers, and more:

1. HDFC Bank

HDFC Bank offers a range of credit cards to cater to different customer profiles. Their cards have relatively low eligibility criteria starting from 2.5 lakh annual income. HDFC provides instant approval on cards like Moneyback, Millennia and Diners Club for existing customers. The SmartBuy and Regalia cards are also easy to get for high income segments.

2. ICICI Bank

ICICI Bank is another leading provider of credit cards in India. Their Instant Platinum Credit Card promises assured approval for customers having a fixed deposit of Rs 20,000 with ICICI. The Coral Card and Amazon Pay ICICI Card also have easy eligibility and high approval odds.

3. SBI Card

The SimplyClick SBI Card requires an annual income of only Rs 1.5 lakh and does not need prior credit history. Hence it offers easy approval chances. The SBI Unnati Credit Card also has relaxed eligibility norms starting from Rs 25,000 annual income.

4. Axis Bank

The Axis Bank Neo Credit Card promises a faster application process and easy approval for young professionals. The eligibility criteria is also low starting from Rs 2 lakh annual income. The My Zone and Flipkart Axis Cards are other options with high approval rates.

5. Standard Chartered Bank

Standard Chartered Bank offers pre-approved credit cards to existing account holders. The Standard Chartered Instant Credit Card also has easy documentation. The eligibility starts from just Rs 1.8 lakh annual income for these cards.

Types of Credit Cards for Easy Approval

Here are some of the credit card variants that offer higher chances of getting approved quickly:

• Secured Credit Cards – These cards need a fixed deposit as collateral and hence have easy approval.

• Prepaid Cards – Approval is easier since no credit line is offered. You can only spend the prepaid amount.

• Add-on Credit Cards – Supplementary cards approved basis primary cardholder eligibility and creditworthiness.

• Lifestyle Credit Cards – Cards with lower spends eligibility and aimed at younger demographics.

• Co-branded Credit Cards – Issued in partnership with brands and relatively easy to obtain.

How to Check Credit Card Application Status?

After applying for a credit card, you can check its status through the following methods:

• Net banking – Log in to the bank website and go to ‘Track Application’ section.

• Mobile app – Leading banks have the application tracking feature on their mobile apps.

• SMS updates – Opt for application status SMS updates during the application process.

• Call bank’s customer care – Contact the credit card division and provide reference details.

• Email bank – Write to credit card department asking for application status update.

• Visit branch – Meet your home branch officials with application details for direct assistance.