How to Find a Suitable Credit Card on a ₹30,000 Salary
31 May, 2024
Synopsis
Your income influences your chances of Credit Card approval, credit limit and the type of card you can get.
Consider factors like interest rates, credit limit and card benefits when applying for a Credit Card.
Pixel Credit Cards offers cashback rewards on your choice of merchants with dining benefits.
When you’re looking to make the most of your ₹30,000 salary, a Credit Card can help you effectively manage your expenses. With the general minimum income eligibility of ₹25,000, you can explore a wide range of Credit Cards and find the one that works for you. In this article, you can get information on the importance of income in Credit Cards and factors to consider and understand how the Pixel Play Credit Card may be the right card for you.
How Income Affects Credit Card Eligibility
Here’s how your income impacts your chances of getting the best Credit Card for 30000 salary:
Income Verification: Credit Card issuers require proof of income to assess your ability to repay the borrowed amount. A higher income generally indicates a higher ability to manage and repay credit.
Credit Limit: Your income significantly influences the credit limit assigned to you. A high income typically may help you get higher credit limits because of higher financial capacity.
Type of Credit Card: Different Credit Cards come with varying benefits and requirements. The type of Credit Card you may get will depend on your income.
Factors to Consider Before Applying for a Credit Card
When finding the best Credit Card on a ₹30K salary, consider these factors:
Credit Card Rewards: Different cards offer various benefits, such as cashback rewards, travel points, and discounts on dining. Choose a card that aligns with your lifestyle and spending habits.
Interest Rate: You can incur interest on Credit Card balances. This may be due to paying only the minimum balance or using the card to withdraw cash.
Credit Limit: The credit limit is the maximum amount you can spend on your card. This limit will depend on your income eligibility.
Fees and Charges: Credit Cards come with various fees like annual fees, late payment fees and foreign transaction fees. Review the fee structure carefully before you apply for the card.
Enjoy Attractive Cashback Offers with Pixel Play Credit Card
You can consider the Pixel Play Credit Card to manage your expenses while earning rewards:
Customisation: You can customise your Pixel Play Credit Card with your choice of card design, cashback options and statement bill.
Cashback Rewards: The Pixel Play Credit Card offers a range of cashback rewards. You can earn 5% cashback on your preferred merchant categories. Additionally, you can earn 3% cashback on your preferred e-commerce merchant and 1% cashback on all other purchases. The Pixel Go Credit Card offers 1% unlimited cashback* on eligible transactions.
Dining Benefits: With the Good Food Trail Programme, you can get exclusive dining privileges with both Pixel Play Credit Cards and Pixel Go Credit Cards. You can get discounts on your dining bills through Swiggy Dineout with access to more than 20,000 restaurants.
Can I Get a Pixel Play Credit Card on ₹30,000 Salary?
Yes, you can. Here’s the eligibility requirements:
Eligibility Criteria for Pixel Play Credit Card
>Age: 21 years but not more than 60 years old.
>For salaried individuals, the monthly income requirement is ₹25,000.
>Your annual Income Tax Return (ITR) should exceed ₹6 lakh if you are self-employed.
Eligibility Criteria for Pixel Go Credit Card
>Like Pixel Play, you must be between 21 and 60 years old.
>A minimum monthly income of ₹8,000 is required for salaried professionals.
>For the self-employed, your annual Income Tax Return (ITR) must be greater than ₹6 lakh.
Pixel Credit Cards: Designed For Everyone, Personalised By You
Pixel Credit Cards offer a tailored and convenient solution to manage finances effectively. By leveraging the benefits of these cards, you can maximise savings and enjoy a seamless digital payment experience. Pixel Cards offers a new way to make the most of every rupee you spend.
Download PayZapp and apply for your choice of Pixel Credit Card today!
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Credit Card approvals are at the sole discretion of HDFC Bank Limited. Credit Card approvals are subject to documentation and verification as per the Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.
