Getting a credit cards under 20000 salary can be challenging as most of premium cards require high income and strong credit History. However, several banks offer credit cards specifically designed for individuals in this cell to range. These cards comes with low income requirements easy approval criteria And essential financial benefit like cash back rewards fuel savings and more. If you are looking for credit card with minimal eligibility hurdles this guide will help you to choose the best one based on your needs.
SimplyCLICK SBI Card
The SimplyCLICK SBI Card is an excellent option for online shoppers, offering great rewards on e-commerce platforms. It is ideal for salaried individuals looking to maximize savings on digital transactions.
- Key benefits: on 10X rewards points on online spends with exclusive partners like Amazon, Bookmyshow, lenskart, Netmuds and others. For all others online spends earn 5X reward points. As a welcome benefit will see when Amazon E Gift voucher worth ₹500 upon payment of the annual fee.
- Reward points: 1 Reward Point = 0.25 Rupees. points can be redeemed against a void options of gift and vouchers from the rewards catalog of or for statement credits.
- Fees and Charges: the annual feeds ₹499 plus applicable taxes. The renewal fee is also ₹499 which is waived upon spending ₹1,00,000 in the previous year.
- Eligibility criteria: The bank evaluates eligibility based on various factor including income and credit score. Minimum monthly salary of ₹18,000.
SimplySAVE SBI Card
The SimplySAVE SBI Card is great for everyday expenses, providing extra rewards on dining, groceries, and movies.
- Key Benefits: Turn Teixe lower points on dining moving and grocery spends. Additionally receives 2000 bonus reward points on spending ₹2000 within the first 60 days.
- Reward Points: 1 Reward Point = ₹0.25. Points can be redeemed against a variety of gifts and vouchers or for statement credit.
- Fees & charges: The annual fee is ₹499 plus applicable taxes and renewal fee is also ₹499 which is waived of upon spending 1,00,000 in the previous year.
- Eligibility criteria: The bank evaluates eligibility based on various factor including income and credit score. Minimum monthly salary of ₹18,000 and aged between 21-65 years.
HDFC Bharat CashBack Card
- Key Benefits: Enjoy 5% cashback on categories such as groceries, bill payments, fuel, and railway ticket bookings through IRCTC. Additionally, get a 1% fuel surcharge waiver across all fuel stations in India for transactions above ₹400, with savings capped at ₹250 per statement cycle.
- Cashback System: Cashback is earned in the form of reward points, where 1 Reward Point = ₹1. Cashback earned on fuel spends, groceries, and bill payments is capped at ₹150 per month.
- Fees & Charges: The joining and annual fee is ₹500 plus applicable taxes. The renewal fee is waived upon spending ₹50,000 in the previous year.
- Eligibility Criteria: For salaried individuals, the age requirement is between 21 to 60 years, with a minimum monthly income of ₹12,000. For self-employed individuals, the age requirement is between 21 to 65 years.
4. HDFC Freedom Card
The HDFC Freedom Card is a well-balanced credit card, suitable for individuals looking for both cashback and reward points. It offers milestone benefits and extra points on specific spending categories.
- Key Benefits: Earn 5X reward points on categories like dining, groceries, and entertainment. Additionally, receive 1,000 bonus reward points on spending ₹90,000 annually.
- Reward Points: Reward points can be redeemed for travel bookings, shopping vouchers, and bill payments.
- Fees & Charges: The joining and annual fee is ₹500 plus applicable taxes. The renewal fee is waived upon spending ₹50,000 in the previous year.
- Eligibility Criteria: For salaried individuals, the age requirement is between 21 to 60 years, with a minimum monthly income of ₹12,000. For self-employed individuals, the age requirement is between 21 to 65 years.
Bottom line
When selecting a credit card with a salary under ₹20,000 its crucial to consider your spending habits and the benefits that align with your lifestyle. for online shoppers the simply click is back card substantial rewards on e commerce transactions. If you prefer direct cash back on everyday expenses the hdfc Bharat cashback card is a suitable choice. for those seeking a balance between rewards and lifestyle benefits The deficit freedom car provides versatile rewards options.
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