Standard Chartered offers various credit cards to its customers. If you are willing to apply for a Standard Chartered credit card, read below to know the eligibility criteria for the same.
Standard Chartered Credit Card Eligibility
The basic eligibility criteria that an applicant must meet to avail any Standard Chartered Bank’s credit card is:
Age – The age requirement for applying for Standard Chartered credit card varies for salaried and self-employed individuals:
- Salaried individuals should fall in the age group of 18-62 years
- Self-employed individuals must be between 18-67 years
Income – Applicants must fulfil the minimum income requirement for credit cards they are applying for. The minimum income requirement varies from card to card.
Location – Applicant must be a resident of serviced cities. The list of cities can be found here.
Note: Apart from the factors mentioned above the bank may take many other factors into consideration before approving a credit card.
Check Standard Chartered Credit Card Eligibility Criteria at Paisabazaar
To check your Standard Chartered credit card eligibility at Paisabazaar within minutes, you just have to fill in your basic details. Follow the below-mentioned steps:
Step 1- Click here to enter your mobile number (you will need to complete the OTP based mobile verification)
Step 2- Select your occupation (Salaried or Self-employed) and enter all other personal details
After this, you will be redirected to the page where you can find all the credit cards as per your eligibility. If you are not satisfied with the options available, or you do not find the desired Standard Chartered Credit Card in the list, you can always contact Paisabazaar’s customer care service for further assistance.
Step 3 – If you decide to apply for a credit card from the list, you can simply click on the “Grab Now ” option on the right-hand side of the card. Now, you will need to fill an additional form that will require you to enter additional details such as Pancard details, parents’ names and more. Enter other details and submit your application.
Note. Remember, if you have already registered with Pasiabazaar, certain information will be pre-filled in your application form.
Standard Chartered Bank Credit Card Documents Required
You will have to submit certain documents to establish the information you provided on the application form. The documents that are accepted by the bank to verify the various claims are given below:
| Proof of Identity | PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI, etc. |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, etc. |
| Proof of Income | Latest one or 2 salary slip (not more than 3 months old), Last 3 months’ bank statement, ITR, Form 16, etc. |
Standard Chartered Credit Card Eligibility – Factors
Although eligibility criteria for Standard Chartered Credit Cards differ from one card to another, there are a few factors that directly impact your chances of approval for Standard Chartered Credit Card apart from age and income.
Credit Profile- Your credit profile is made up of your credit score and credit history. A longer well-managed credit history leads to a better credit score, improving your chances of approval. A credit score of 750 and above is considered good.
Number of Credit Enquiries– This is also related to your credit profile. Every loan or credit card application leads to a hard enquiry on your credit report. Once this happens, your credit score may drop. This is the reason why you should not apply for multiple loans or credit cards at the same time. A person who applies for too many loans is considered credit hungry by the lenders and hence the chances of approval may decline.
Location- In order for you to be eligible for a Standard Chartered credit card, you should have a residential address in a location served and not black-listed by SBI Card. There are only a few such cities or remote areas where SBI Card does not serve.
Job Stability– Banks would want you to have a regular source of income so that you may be able to repay the amount borrowed. Job stability plays a major role in it. People who switch jobs after every 6 months would be taken as a risky bet by the lenders as compared to someone who has stayed in a job more than 1 year.
FAQs
Can we withdraw money from Standard Chartered Credit Card?
Yes, customers can withdraw money using their Standard Chartered Bank credit card. But remember, withdrawing cash from a credit card is the costliest form of credit available in the market. Therefore, we suggest you only withdraw cash in times of crisis.
Can I use my Standard Chartered credit card overseas?
Yes, Standard Chartered bank credit cards use Visa and Mastercard payment networks which are accepted the world over. Do note that customers might have to activate their credit cards for international usage.
How can I know the credit card limit on my Standard Chartered credit card?
You can know the credit limit on your credit card through your Netbanking account or credit card statement. You may even get to know your credit limit via welcome kit; however, this will reflect the limit that the bank extended to you post-application.