Usually, before issuing a credit card an authority (Bank) sees your annual income, bank history, monthly income source, age, profession ( salaried or non-salaried) etc. Banks also use your CIBIL report to decide whether to issue you a credit card or not. If you do not have a regular income source or your income is less than 2 lacs per annum then your chances of getting a credit card is almost zero percent. A lender does not want to get in trouble after issuing a credit card to someone who does not have the capability to pay his dues. That’s why, banks reject many applications of credit card. During the past decade, the demand of credit cards has been increased dramatically. The very first reason is, increase in online shopping and online services. (See: 8 undeniable reasons to have a credit card)
From above paragraph, it is understood that a non-salaried person (also who does not have a business) is not eligible for credit card. Nevertheless, if you are a non-salaried person or student (18+ age) and eager to get a credit card facility then read following post to get a credit card.
- Open a Cent Aspire deposit account in Central bank of Indiaand get a Credit card
- No need to produce income proof
- No CIBIL verification required
- Your credit limit will be up to 80 percent of your Fixed Deposit amount, which means if you open a Fixed Deposit account with RS.50,000 then your credit limit would be RS.40,000.
- Interest rate on your credit card will be 1.2% per month but no interest will be applicable if you pay your credit amount within 55 days. (Interest free period is not applicable on cash withdraws)
- You can use ATM for cash withdraws (charges applicable)
- On the top, with this scheme you will get a free personal accidental cover of RS.1 Lakh
- You can use your credit card for domestic as well as international transactions.