Yes, individuals with a salary of Rs. 15,000 per month can be offered credit cards.Individuals with a high income are offered credit cards easily but, on the other hand, individuals with low incomes might be rejected by credit card issuers. Various credit cards are available in the market that are provided to low income individuals. These individuals have an income of less than Rs. 15,000 per month.

Credit card issuers have introduced these cards with benefits and some privileges.

Some of these Credit cards, their joining fee and benefits are given below

YES Bank Prosperity Reward Plus Credit Card

Rs.0

Rewards

SBI Tata Titanium Credit Card

Rs.499

Shopping

SimplyCLICK SBI Card

Rs.499

Online Shopping

SimplySAVE SBI Card

Rs.499

Daily Shopping

HDFC Bharat CashBack Card

Rs.500

Cashback

HDFC Freedom Card

Rs.500 

Rewards

HDFC Diners Club Rewardz

Rs.1,000

Rewards and travel

HDFC Regalia First

Rs.1,000

Premium Lifestyle

HDFC Diners ClubMiles Credit Card

Rs.1,000

Travel

Applying for a low income credit card

  • Visit Creditmantri to apply for credit card
  • You can select a credit card depending in your needs
  • You can check the eligibility online
  • You can then select the credit card and apply for it on the given site

Disadvantages Of Low Income Credit Cards

  • These cards have lower credit limits.
  • A low income credit card may not provide premium features
  • The issuers of these cards may not have tie-ups with the most commonly used brands.
  • These cards may not be useful in developing and building credibility.
  • These cards have limited scope in terms of usability and acceptability.

Also Read: What Is The CIBIL™ Score Required For Credit Card