IndusInd Bank Credit Card Eligibility

IndusInd Bank has set a few basic eligibility criteria which you must satisfy in order to qualify for its credit cards. The IndusInd Bank card eligibility conditions include the following:

• Age: The applicant must be between the age of 21 and 60 years old to be eligible to apply for an IndusInd Bank credit card. If the retirement age is below the age of 60 years, even then the applicant will not be able to get a IndusInd Bank credit card.

• Occupation: You must be either self-employed or a salaried employee to get a credit card.

• Income: To be eligible for an IndusInd credit card, the net monthly income of the card applicant must be at least Rs. 20,000. The actual income requirement, however, varies on a card to card basis.

• Credit Score: A good credit score is also required to be eligible for IndusInd credit cards.

Note: Credit card application approval is subject to several other internal policies of IndusInd Bank.

You are required to provide certain documents as proof of identity, income and address while applying for an IndusInd credit card. This document verification can be done digitally without submitting any physical documents. You must keep the digital copy of the following documents at hand while applying:

• Aadhaar Card
• PAN Card
• Proof of residence, if your Aadhar card does not have your current address
• Other documents, like latest salary slips, ITR, latest 6 months bank statements, or other photo IDs may also be required in certain cases.

The IndusInd Credit Card eligibility criteria may vary slightly depending on the type of card you apply for. However, there are certain factors that have an impact on your eligibility, such as:

• Income: A regular income is an important factor that determines your credit card eligibility. Your monthly income should satisfy the minimum income requirement of the credit card you want to apply for.

• Credit Score: In order to get a credit card from IndusInd Bank, the applicant must have a good credit score without any payment defaults in their credit history. A high credit score increases credit worthiness.

• Job Stability: Applicants with a stable job are preferred by credit card companies as compared to those who frequently switch jobs or take breaks from employment.

• Debt to Income (DTI) Ratio: The ratio of your monthly debt and income must be low. The DTI ratio affects your debt repayment capacity as a low ratio would mean high probability of you paying your bills on time.

Recent Delinquency: The credit card providers usually avoid the applicants who have recently defaulted on their loan repayments as this reduces their credit worthiness.

There are several ways through which the applicants can improve their eligibility for IndusInd Bank Credit Cards. You can adopt the ways suggested below to increase the chances of your credit card application approval.

• Work towards maintaining a good credit score. Try to close any existing loans, pay credit card bills and all outstanding dues, increase total income, and lower your DTI ratio.
• Avoid payment defaults by clearing your bills before their due dates.
• If you have any credit card already, then maintain a good credit utilisation ratio, along with timely payments.
• Avoid multiple inquiries on your credit history after submitting any credit card application.
• Make sure that your cheques do not bounce and take measures to prevent any penalties and late fees on all your credit lines.

You can apply for IndusInd Bank Credit Cards online through Paisabazaar. To apply, follow the steps given below:

Step 1- To begin the application process, enter your mobile number on the credit card form.

Step 2- Provide the OTP received on your registered mobile number and check the pre-approved offers shown on the screen.

Step 3- Select the preferred credit card based on your eligibility and needs by comparing the available options.

Step 4- Apply for the chosen card and provide the required documents to complete the application process.

Q. How can I check my IndusInd Credit Card status?

A. To check the status of your credit card application, you can call the IndusInd Bank helpline number 18602677777. The application status and approval update will be sent via SMS on your registered mobile number.

Q. How can I get IndusInd Bank Credit Card?

A. You can get your IndusInd Bank card by applying on Paisabazaar. You can also call the bank or visit the IndusInd credit card application page and enter the basic details as asked. Then choose any suitable card of choice and complete your application. Next, undergo the instant video KYC. You will get your credit card within 5 working days.

Q. How to contact IndusInd Bank for credit card related queries?

A. You can call the 24×7 IndusInd Bank customer care number 18602677777 or send an email to premium.care@indusind.com for any assistance regarding your credit card.

Q. What to do if I lose my IndusInd Bank credit card?

A. On losing your credit card, immediately report through the IndusInd Bank phone banking. You can also block and replace your old credit card using IndusNet or IndusMobile.