Thinking of getting a credit card for yourself? Don’t know how to get it? That’s Ok. Even I was in the same position before. In this post, I will explain how you can easily get credit cards in Indian without working in any company or without having any salary slips.
Why you need Credit Card?
Before going through the steps to get a credit card, let’s discuss why you need the credit card.
A credit card is most useful for those who shop online. Especially if you shop on the international website to buy some services or products.
If you shop only on Indian websites, you probably don’t need any credit cards because most Indian websites support online banking nowadays.
A few more reasons to have a credit card is that if you have a business on the internet, you must have a credit card. It is one of the primary things to have before starting any online business. Also, if you need to send payment from Paypal to another user, then the credit card is a must for Indian users now.
Also Read: How I Save Money by Shopping Online [Indian Users Only]
How to get Credit Card in India:
You can easily get a credit card if you are working in an MNC company. Bankers/Brokers/agents directly come to your company, and they will create an account and link to your salary slip/statement, and they will give you the credit card even if you don’t want them!
But if you are not working in any big company or are not working in any company, it is somewhat difficult to get a credit card.
No need to worry… There is an easy solution available to get a credit card from most of the top Indian banks.
When I tried to buy a credit card, I don’t have enough information about the bank requirements, process, and all. I struggled a lot asking local banks in my place.
When I ask them, most bank managers asked me what a credit card is? I really surprised after listening to their words. That time I stopped asking in my local banks.
When I came to Bangalore, I again asked in few banks regarding getting a credit card. Axis bank representative told you to need to be a salaried person with 30,000 per month savings! When I asked about the fixed deposit, she told me about a 50,000 to 1 lakh (not sure how much now it is) deposit.
After some days, my friend introduced me to an SBI credit card broker/agent. That broker told clearly how we could get a credit card and the steps required to apply. After listening to his words, I now got some knowledge and process of applying. It is effortless to get a credit card without having any Job in an MNC company.
My tip: Always get in touch with Credit card brokers to get full knowledge and make the process easy. They don’t charge any extra amount for making a credit card for you. Unfortunately, most bank employees don’t have full knowledge of credit cards and give some wrong information.
When I met with the SBI credit card broker (usually available inside the bank), he explained to me to first open a bank account to apply for a credit card.
After a few days, I opened my bank account in SBI; I immediately deposited 25,000Rs in a Fixed deposit to apply for a credit card. Based on my FD, the SBI credit card broker initiated the credit card application process. And within few days, I received my SBI credit card.
So the easiest way to get a credit card is by fixed depositing some amount on the bank. By this method, you don’t need to have any Job in MNC, No salary slip, PF deduction slip, or don’t need to have any other information.
Just open a bank account and ask them for a minimum fixed deposit (FD) to apply CC and apply CC based on your FD. They won’t ask for any other information if you apply through the FD method.
I have been a customer of SBI CC for almost 2 years now and I never faced any issue with them. You can apply for an SBI credit card online by visiting here.
Tip: If you are applying for SBI CC, make sure you cancel Card protection plus service; it simply wastes 1000 RS per year.
If you need to know anything else, then comment here.
Hello Arun,
Thanks for writing such a beautiful and helpful post. I have emailed you, as i am also looking to have Credit Card from the SBI bank or any other bank.
Can you please look into your mailbox and reply me.
Your kind and positive response is really appreciable.
Thanks and Regards
You can ask any of your doubts here itself.. it will help other users as well.
Is it possible to get american express card with Fixed Deposit ???
In most cases Yes… but I’m still not sure about it. Please visit bank and ask there once..
Hi
Dis kiran I need a credit card but I don’t have salary slip k
Plz reply my gmail na how can I get credit card
read this post dude… if you have any doubt let me know.
Hello, thanks for sharing. I am also planning to do the same.
If you don’t mind, may I know how much Credit Limit did you get for first time with Rs.25000 F.D. I know it’s depends upon the applicant but I just want to get an rough idea.
Thanks
For 25,000 F.D (Fixed Deposit) I got 20,000 Rs credit limit. If need anymore info let me know here.
What if we take our fixed deposit should we surrender our credit card
I haven’t done that yet…most probably yes we have to surrender our credit card.
you don’t need to surrender card for 1 lac Fixed deposit. after receiving card , you can withdrawal your FD anytime.
Oh ok. Thanks for sharing info.
What about the charges we want to give?like monthly or yearly service charge or something like that?
Thanks in advance
Yearly. I guess my SBI credit card charges is around 500 Rs per year.
Bro please tell about all the charges … If I am making an SBI account in June and FD-â‚ą25000 Now just tell me every charges , credits , monthly pay , yearly pay , deduction fees ! Everything ! and thanks for the post 🙂
Yearly 500RS that’s it. Don’t activate “Card Protection Plus” (CPP) it’s not required. When they call directly say NO to “CPP”. There is no other charges.
hii bro…can i use this card in another country and paying or transactions in international purpose ??
If you are asking for online transaction, then Yes. For physical transaction-then i think it is also possible but I never tried.
Hi arun…I need credit card for online tuitions course that cost me 19 USD/month…They ask me to pay via credit cards..I’m a student ,how can I go about this?
As I informed in this post, open F.D (Fixed Deposit) on any bank and based on that FD apply for Credit Card. If they told you are a student then ask your father to get CC.
hi arun ….. I need credit card but my salary is 10000 rs what i am doing
Don’t worry about salary… just save 25,000 RS and Put it on F.D. After that ask or apply for Credit Card, they will surely provide the CC based on your F.D.
Hi Arun…..Is it possible to cancel the FD after getting the Credit Card?
I think No. You cannot cancel FD unless you surrender your Credit card. In F.D itself they will write “On Hold for Credit Card”. So you cannot cancel until you surrender your Credit card.
if i open an account tommorow in axis bank, and i deposit 30000 FD, then how long would it take to get me a credit card…and after getting the credit card,,will my credit limit will increase.
plz do tell reply at my email
Not sure about Axis bank. Here How SBI works. If you Deposit F.D, in the same day only you can apply for CC. If i’m not wrong, you will get CC within 15 days. No, You cannot increase CC limit later.
In Axis Bank, you can open a F.D. and then apply for an Insta Credit Card against the F.D.
The credit limit is 40% of the F.D. amount and the Credit Card is issued instantly on the same day.
It is a numbered card without name printed.
You can apply online to change the Credit Card with your name printed.
Preferred F.D. is â‚ą1 lakh.
Check out the Axis Bank website for latest details.
Yes. If I remember correctly they said minimum deposit is 1 Lakh rupees in axis bank for getting CC. Thanks for sharing updated information.
u r awesome man.thank u so much for the help.
bhai FD jo hum karege to kitne mahine k liye karna hoga fd so we can apply for credit card
You can Deposit for at least 1 Year.
What happens after 1 yr if you discontinue FD after maturity? Surrender the card still?
I think so… but not sure. One reader as said no need to surrender card (have a look on comments for his comment).
Hi Arun,
Thank you very much, this is a great informative post.
Can you tell me, within how many days I have to deposit the money to bank I spent through Credit Card ?
Depends on CC you get. For example, on SBI our bill will be generated on every 5th of every month and you will have around 1 week timings to pay the Credit Card bills.
Is it Possible to Get American express Card Like this same like SBI Bank System ?
Alisha
You want to take American Express Credit card,their are several negative point with American Express Credit card .
1-Annual Fee is very higher(Aproximate RSD 2400 ) As compare to other Bank Credit card Like Axis Bank ,HDFC bank Etc.
2.45 Days interest free time period can avail with this Credit card.
3.Rate of interest & customer service is not show good As other Bank.
On the other hand,
it has positive points like 100% credit limit against Your FD.
I recommend You Axis Bank ,HDFC bank & ICICI bank Credit card against Your FD because these banks provide low annual fee( Approximate 250 to 499 INR ),best offer online & offiline store & best customer care service.
Why do you want American Express? Their gateway is not as popular as Visa and mastercard. In America too people avoid Amex cards. Upto you.
Can I get a credit card with form no 16a
i applied for a sbi simply save cc and it was declined due to low cibil.. now i have done a fd in sbi and applied for the card will i get the card this time or will it be declined again…
what will be the procedure for ICICI bank or HDFC Bank . thanks
I guess you can follow the same procedure as I mentioned in this article.
hiii sir ji..agr me sbi me f.d karata hu and mujhe meri limit 20000 se badhani ho to kya karna padega…and thank u post k liye
If need to increase your limit…I think again they will ask another FD.
Hi Arun,
Thanks for the write up,
What do you think about HDFC Credit Card? I think these are bunch of money sucking crooks.
But I still think these are easy to get bank.
Other than,
Is there any way I can get it in 10K budget.
Any other way..
I’m not that much experienced in HDFC Credit Card. I have one, which I got recently only. I’m seeing lot of extra charges like consolidated fcy markup fee, service tax, cess tax etc.., which I never seen on my SBI CC. I may need few more months to decide which one is best.
Regarding 10K budget, I’m not really sure about that. You better contact any CC agent.
Hi Arun, Thanks for explaining the process of getting a credit card.
I have a question. Does your SBI Credit card allow international payment and payment via paypal?
What is the exact name of your Credit Card, there are many offered by SBI and do we need to give some instructions to the Bank for international payment?
Best Regards.
Yes. You can do international payment. Yes. You can do payment via Paypal.
I’m using SBI Gold & More Credit Card.
No specific instruction is required.
Tip: Don’t activate Credit Card Protection Plus plan (Extra Rs 1,000+ per year charges).
WHich is one of the best credit cards available for utilities and fuel bill payment?
I wont be shopping a lot online.
Does it work on international shopping sites
Yes. It works.
hi please give me the broker even I am from bangalore
Please go and check with bank only… usually they will be inside or outside bank.
Hello,
I got 20k salary/Month. Can I get credit card from any of the globalized bank. If yes, pls provide the bank name and tell which is the best ?
Thanks in advance,
Gowri
If you are employed in some company you can easily get credit cards from banks. Just go and ask bank to know about it. I use SBI and HDFC. I didn’t face any issue with both of them.
i am getting salary of 16900 per month.i searched most of the banks eligibility criteria.but i didn’t get any results.if u have any knowledge please post reply
Hi.. with that salary you can apply HDFC Credit Card. You can easily get that. Contact nearest branch (check with broker) i think you even apply online as well. Try on HDFC online site.
Dear sir
I got a call 2 times from hdfc cc but both times failed due to low sal.as 20000 and also no cibil score
NO. I don’t think so… I personally know some my friends took HDFC CC below 20,000 rs salary. Please try to go and contact manually it may help.
Awesome answer boss….
hi arun. for FD of 25000. how much I can get credit. actually I want two lakh
In SBI for 25,000rs you will get 20,000 credit limit. No bank company will give you 2 lakhs credit limit.
Guys also try to apply bank of baroda with 2L ITR i got 30k limit bobcards (ban of baroda credit card)
So do open ac in bob and apply they are more flexible than pvt banks
Hello Arun,
I have a Bad Cibil score due to my past history, however i’m trying to clear one by one. But i was desperate to have CC however i have SB account with SBI and my transactions are good, every month minimum 40 to 70 k i transact, and my salary also get credited to SBI saving account And recently i have done FD for 45 thousand, and i have applied for Simply Save Credit Card, Do you think SBI will offer me CC card on my FD as i have bad CIBIL score. Do i still get Credit Card….Please help me to understand.
Hi.. I’m not sure about CIBIL score towards CC. So I cannot answer this question. I think they can give CC based on FD without having any issue.. but still I’m not sure about bad cibil score affect towards CC.
Thanks Arun for your prompt response..:)
I’m not any working person. I want to open a SBI platinum credit card. And already I have a SBI account. So, how much amount should I fixed deposit in my account for CC?
Hi Arun m a salary holder of 10k please suggest if I can get a credit card with the same
Yes. You can get even if you are going to college as well. Just deposit FD… based on that apply for Credit Card.
Hey Friend. I have a salary account in HDFC bank which was open by company (MNC) where i work but my salary is only 11400 per month.
Can i get a CC on my salary based?.
If yes then what will the limit of CC?.
Thank u Arun for a great post.
I heard from my bro..when He joined company he was getting 15K per month. That time he applied for HDFC CC based on salary and he got 20-30K CC limit. I’m not sure whether they offer for 11K salary or not. They could give I guess. You better speak with bank once.
Hello arun,
I have just got an offer letter from a MNC of 40k per month.
But joining date is after 3-4 months… Can I get a CC in lieu of my offer letter and ctc letter ?
Thanks in advance
I don’t think so they will give CC based on offer letter…
Hii Arun, I’m salaried person. Can I get cc without FD? Plz help me how to get.
Yes. For salaried person they can get directly without any FD. All most all bank offer such facility. Speak to Bank or Credit Card Department on bank they will guide you.
I am a aided school employee with salary from kerala government and salary crediting to SBI itself so i applied for a credit card and after long two months now it shows it dosen’t meets their policies..as status in their website.. What to do? Can I apply again with the same process of FD method
Yes. Just apply with FD method.. they don’t consider any police and all.
dear arun i need your help..i am retail pharmacy owner..i pay near about 1-1.5lak/month to my supplier against their inovice. unfortunately i failed to pay ITR and dont want credit card against FD..i have current account and have good and clean record with bank..another thing i stay at taluka place in maharashtra..i have seen online banks unable to offer credit card due to my place..i havent taken any loan or existing credit card.requesting you can you tell is their any chance to get credit card from bank customer like me..i will very thankful to you..one small request send all information to my e-mailid..i.e.rohanpail2354@gmail.com..
hoaping for your positive reply
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