Introduction

Classic credit cards, also known as base-level or entry-tier cards, are specifically designed for individuals who are new to credit or looking for a simple, affordable credit solution. These cards offer standard benefits and easy access to credit, with straightforward eligibility requirements. Whether issued as secured or unsecured, classic credit cards provide a gateway to the broader world of personal finance. This article presents a detailed overview of the eligibility criteria that applicants must meet to successfully qualify for a classic credit card in India.

Minimum Age Requirement

Applicants must typically be at least 18 years of age to apply for a classic credit card. Some banks prefer a minimum age of 21 years for unsecured variants. For secured cards backed by fixed deposits, the lower age limit may still apply, but parental co-signing is an option in some cases for students or minors. Age eligibility ensures that applicants are legally and financially accountable.

Stable Income Proof

One of the most important criteria is a stable source of income. For salaried individuals, banks usually require a minimum monthly income between ₹15,000 and ₹25,000, depending on the institution. Self-employed applicants must provide consistent income through business revenues or professional fees. Income proof validates the applicant’s repayment ability and ensures that credit is extended responsibly.

Employment Type and Duration

Credit card issuers assess the applicant’s employment status and tenure to determine financial stability. Salaried professionals are generally expected to be employed with a recognized firm or government entity for at least six months. Self-employed individuals should demonstrate a minimum of one year of continuous business operation. Regular employment or stable self-employment helps banks minimize default risk.

Basic Documentation

Applicants must submit standard documentation as part of the KYC (Know Your Customer) process. This includes identity proof such as PAN card, Aadhaar card, or passport; address proof like utility bills or rental agreements; and income proof such as salary slips, Form 16, bank statements, or ITR filings. For secured classic cards, proof of fixed deposit may be required. Providing complete and accurate documentation facilitates a faster approval process.

Credit Score and Credit History

While classic cards are often issued to first-time users, having a positive credit score or credit history boosts approval chances. A score of 700 or above is typically seen as favorable, though many issuers accept lower scores or even no score for entry-level products. Individuals with prior loan repayments or responsible credit usage are prioritized for unsecured card issuance.

Existing Relationship with the Bank

Having a savings or salary account with the issuing bank improves the likelihood of card approval. Banks are more willing to issue classic cards to existing customers because they can review internal account history and spending patterns. Some institutions offer pre-approved credit cards to loyal customers without the need for additional screening or extensive documentation.

Low Debt-to-Income Ratio

Applicants with a high existing debt burden may be seen as risky, even if their income is adequate. Banks evaluate the debt-to-income (DTI) ratio to ensure the applicant can handle another credit line. A DTI ratio under 40 percent is usually acceptable. Applicants with active loans or other credit cards must demonstrate capacity to manage additional monthly payments.

Geographic and Residency Restrictions

Most classic credit cards are issued only to Indian residents with a permanent address in a serviceable location. Some banks restrict issuance to metro cities or Tier-1 towns. NRIs or residents of certain geographies may need to apply through special channels or with additional paperwork. Proof of residence such as utility bills or rental agreements helps determine service eligibility.

Secured Card Eligibility as an Alternative

Applicants who do not meet income or credit criteria can opt for secured classic cards backed by a fixed deposit. These cards offer all standard features and help build credit without additional risk to the bank. The fixed deposit acts as collateral, and the credit limit is usually 75 to 90 percent of the deposit value. Secured cards are often approved instantly with minimal documentation.

Digital Application and Verification

Most banks now allow digital applications for classic credit cards. E-KYC, Aadhaar-based verification, and video KYC methods have replaced physical visits in many cases. Online applications require uploading scanned documents, income proof, and identification, and typically take two to five working days for approval. Instant issuance is possible for pre-approved users or those applying against FDs.

Conclusion

Classic credit cards are designed to promote financial access and responsible credit behavior among first-time users. By meeting basic eligibility requirements related to age, income, documentation, and employment, applicants can start their credit journey with ease. Whether secured or unsecured, these cards offer a low-barrier entry into credit usage and pave the way for financial growth and future credit enhancements. Understanding and fulfilling the eligibility criteria ensures a smooth and successful application process.

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