ICICI Credit Card Eligibility

You can get a credit card from ICICI Bank as a self-employed or a salaried applicant. The annual income requisites differ based on whether you have an ICICI Bank salary or savings account or not. Improve your chances of approval for a credit card from this issuer by keeping the income and eligibility requirements in mind. 

Before you apply, check if you meet the following ICICI Bank credit cards’ eligibility criteria: 

• Self-employed: Age between 21 and 65 years

• Salaried: Age between 21 and 58 years

• Annual income of ₹2.4 Lakhs if you have a salary account with ICICI Bank, else ₹3.6 Lakhs

• Annual income of ₹3.6 Lakhs  if you are self-employed and have a savings account with ICICI Bank, else ₹4.8 Lakhs
  

Here is the general list of documents you can keep ready while applying online on Bajaj Markets:

• Address Proof:

  • Voter’s ID

  • Passport 

  • Utility bills (not older than 3 months)

• Identity Proof:

  • Aadhaar card

  • Driving Licence

  • PAN card

  • Voter’s ID

• Income Proof:

  • Bank statements (last 6 months)

  • Form 16 or audited financials for the last 2 years (if self-employed) 

  • Salary slips

  • Details of Income Tax Returns

Sound credit habits and steady income can help you qualify for credit cards from ICICI Bank. Here are some factors that affect eligibility and approval from this issuer:

• Credit Score

ICICI Bank requires you to have a good credit score as it represents your existing debt, credit habits, and other key information. Generally, a score of 700-750 or more is accepted by most issuers.

• Earnings

Your monthly income also needs to match the minimum criteria set by the bank for each card variant. Ensure you have documents showcasing your total income, be it from your business, job, or other sources. 

• Stability of Income

Showing that you have a steady cash inflow to pay your credit card bills on time can help with getting quick approval. Make sure that your bank statements exhibit consistent earnings.

To maintain a good credit score and apply with confidence, check the cards you qualify for. 

All you need to do is:

1. Go to the eligibility calculator and select your employment details

2. Enter basic information such as your phone number and date of birth 

3. Click on ‘Check Eligibility’ to proceed

To get a card that offers the maximum benefits, check these pointers and improve your chances:

• Pay your credit card dues on time every month if you already own a card 

• Stay updated with your credit score and report to identify and correct inaccuracies

• Do not close credit card accounts that have outstanding dues 

• Try to repay all current debts before requesting a card upgrade

• Apply for a new card only after confirming that you qualify for it 

• Maintain a high balance in case you have a ICICI Bank savings/salary account

• Try to work on improving your credit score 

• Keep an eye out for pre-approved credit card offers from ICICI Bank

If you are unable to meet the eligibility requirements set by the issuer, there are other options you can consider:

• Seek Credit Cards from Other Issuers

Each card provider has varying eligibility criteria for credit cards. Use the eligibility calculator on Bajaj Markets to find out which cards you qualify for.

• Apply for a Secured Credit Card

A credit card backed by a fixed deposit investment can generally help you get guaranteed approval. Use it carefully and pay bills on time to improve your credit score. When your score and income increase, you can qualify for a regular credit card.  

• Opt for a Personal Loan

This unsecured loan allows you to access funds without any usage restrictions. You can use it to finance health treatment, education, vacations, and more. Choose from flexible tenors to repay comfortably. 

• Explore the Overdraft Facility

You can use the overdraft facility available via your bank account to get credit up to a stipulated limit. This depends on your banking history and can help you secure funds for minor, short-term requirements. 

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.