Credit cards for those earning below Rs. 40k/month

Business

25 Dec 2018

#FinancialBytes: Credit-card options if your salary is below Rs. 40,000pm

Credit cards have become an essential part of our lives today. People use credit cards for almost everything, including online/offline shopping, bill payments, travel purchases, etc.

There are a number of credit cards available in India, but choosing the right one can help save money.

If you are someone with a monthly salary below Rs. 40,000, here are 5 credit card options for you.

#1

Platinum Chip Credit Card offered by ICICI Bank

Platinum Chip Credit Card offered by ICICI Bank

ICICI Bank Platinum Chip Credit Card is one of the best options for someone with a salary below Rs. 40,000.

It comes with a Rs. 199 joining fee and Rs. 99 annual fee.

Cardholders can earn PAYBACK Reward points and enjoy minimum 15% savings on dining (Culinary Treats), 1% fuel surcharge waiver, annual fee waiver on annual spends of Rs. 50,000 or more, etc.

#2

SimplyCLICK SBI Card among the best for online shopping

State Bank of India's "SimplyCLICK Credit Card" is another good option for those earning below Rs. 40,000/month.

With Rs. 499 annual fee (reversible on Rs. 1L annual spends), it offers Rs. 500-worth Amazon "welcome voucher".

Users can earn 10 reward points for every Rs. 100 spent online (exclusive partners), 5 points for other online spends, 1 point for regular purchases, and 2.5% fuel-surcharge waiver.

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#3

HSBC Visa Platinum Card offers travel, dining, shopping offers

HSBC Visa Platinum Card offers travel, dining, shopping offers

Next on the list is HSBC Visa Platinum Card with zero joining and annual fees; it's one of the most-preferred credit cards.

Cardholders can enjoy 10% cashback on all spends (initial 90 days), 3x rewards on hotel/dining/telecom expenses (first 12 months), 2 points for every Rs. 150 spent, 20% Dining Privileges discount, BOGO (buy one, get one free) BookMyShow tickets (twice monthly), vouchers, etc.

#4

Kotak Mahindra Bank's Urbane Gold Credit Card

Kotak Urbane Gold Credit Card is another good option. Those in the age bracket of 21-65 years with an annual income of Rs. 3 lakh or above are eligible.

The card comes with no joining fee and an annual fee of Rs. 199. Cardholders can earn 3X reward points against every Rs. 100 spent and enjoy attractive deals and free PVR movie tickets too.

#5

Axis Bank's Insta Easy Credit Card

Axis Bank's Insta Easy Credit Card

Axis Bank's Insta Easy Credit Card issued against fixed deposits is another good option; iyt doesn't have a minimum salary requirement. It's issued against a fixed deposit of Rs. 20,000-25,00,000.

The zero-fee card offers a credit limit of up to 80% of FD's principal value.

Customers can enjoy 15% discount at partner restaurants (Dining Delights), 1% fuel-surcharge waiver, convert-to-EMI facility, eDGE Reward points, etc.

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Axis Bank

Bank Account

Credit Card

Credit Score

Debit Card

Financial Bytes

Financial Services

HDFC

ICICI Bank

India

State Bank of India (SBI)

Students

's Urbane Gold Credit Card

BOGO

BookMyShow

Culinary Treats

DGE Reward

Dining Delights

Dining Privileges

eDGE R

EMI

FD

FinancialBytes

HSBC Visa Platinum Card

ICICI Bank Platinum Chip Credit Card

Insta Easy Credit Card

Kotak Mahindra Bank

Kotak Urbane Gold Credit Card

PAYBACK Reward

Platinum Chip Credit Card

PVR

Rs

SimplyCLICK Credit Card

SimplyCLICK SBI Card

State Bank

State Bank of India

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Most asked questions

Can non-salaried persons apply for Axis Bank Insta Easy Credit Card?

What are some credit card options for someone with no income?

Can you suggest some credit cards with good reward programs?

How can I save money using credit card?

More questions

Can non-salaried persons apply for Axis Bank Insta Easy Credit Card?

Asked 2018-12-25 02:39:44 by Reyansh Sarin

Answered by NewsBytes

As Axis Bank issues the Insta Easy Credit Card against fixed deposits, non-salaried persons can also apply for the same. Anyone above 18 years of age, including students, can apply for the credit card.

What are some credit card options for someone with no income?

Asked 2018-12-25 02:39:44 by Aarav Mehra

Answered by NewsBytes

In India, some banks issue credit cards to people with no income, even students, against fixed deposits and strong savings accounts. Some options include: Axis Bank Insta Easy Credit Card, SBI Card Unnati, ICICI Bank Instant Platinum Credit Card, and Kotak Mahindra Bank's Aqua Gold Credit Card.

Can you suggest some credit cards with good reward programs?

Asked 2018-12-25 02:39:44 by Navya Gavde

Answered by NewsBytes

Here are some credit cards offering good reward points and other benefits: Standard Chartered Platinum Rewards Credit Card, SBI SimplyCLICK Advantage Credit Card, YES FIRST Preferred Credit Card, HDFC Diners ClubMiles Credit Card, and Citi Rewards Credit Card.

How can I save money using credit card?

Asked 2018-12-25 02:39:44 by Diya Sengupta

Answered by NewsBytes

Credit cards can help you save money and earn rewards. Here's how: Avail discounts, deals, and cashback offers to save money using credit cards. Save on fuel purchases through fuel surcharge waivers or reward points. Avail travel offers, restaurant deals, and free movie tickets. Earn reward points for transactions and redeem them. Avail No-cost EMI and flexible EMI offers.

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