5 Best Credit Cards for People with Monthly Income Below ₹25,000

Credit cards can be a useful financial tool for managing expenses and building a credit history. However, finding the right credit card that suits your needs and income level can be challenging, especially if you have a monthly income below ₹25,000. Fortunately, there are credit cards specifically designed for individuals in this income bracket. In this article, we will explore the benefits and eligibility criteria of the top 5 credit cards for people with a monthly income below ₹25,000.

1. SBI SimplySAVE Credit Card

Benefits:

• ₹100 cashback on the first ATM cash withdrawal within 30 days of receiving the card.
• Accepted at over 24 million outlets worldwide, including 3,25,000 outlets in India.
• 1% fuel surcharge waiver at any petrol pump.
• Earn 10 reward points per ₹100 spent on dining, movies, departmental stores, and groceries.

Eligibility Criteria:

• Age criteria: 21 to 60 years.
• Stable monthly income is required.

2. ICICI Platinum Chip Credit Card

Benefits:

• Everyday offers on travel, dining, and lifestyle.
• Up to ₹600 Amazon Pay balance on Amazon.
• Minimum 15% savings on dining.
• 1% fuel surcharge waiver.

Eligibility Criteria:

• Age criteria: 18 to 60 years.
• Stable source of income.
• Must be a resident of India.

3. YES Bank Prosperity Reward Plus Credit Card

Benefits:

• Welcome reward points of 1250 on spends of ₹5,000 within the first 30 days of card issuance.
• Bonus reward points of 12,000 on achieving spends of ₹3,60,000 or more each year.
• Renewal membership fee of ₹350 can be waived by spending a minimum of ₹25,000 in the 12 months prior to the renewal date.

Eligibility criteria:

• Age criteria: 21 to 60 years.
• Employment criteria: Salaried or self-employed.
• Income criteria: Minimum net salary of ₹25,000 per month or income tax return of ₹5 lakhs and above.

4. HDFC Moneyback Credit Card

Benefits:

• Reward points can be accrued and redeemed as cashback against the outstanding amount.
• Exciting gifts and air miles from an exclusive rewards catalogue.
• 100% more reward points on all online spends.
• 1% fuel surcharge waived off on fuel transactions.

Eligibility Criteria:

• Age criteria: 21 to 60 years for salaried individuals and 21 to 65 years for self-employed individuals.

5. HDFC Bharat Cashback Credit Card

Benefits:

• 5% cashback on fuel spends, grocery spends, easy EMI, Payzapp, and bookings through IRCTC.
• 1% fuel surcharge waived off on fuel transactions.

Eligibility Criteria:

• Age criteria: 21 to 60 years for salaried individuals and 21 to 65 years for self-employed individuals.
• Income criteria: Minimum net salary of ₹12,000 per month or income tax return of ₹2 lakhs and above.

Having a low income doesn’t mean you can’t enjoy the benefits of a credit card. The above-mentioned credit cards are specifically designed for individuals with a monthly income below ₹25,000. Each card offers unique benefits such as cashback, reward points, fuel surcharge waivers, and discounts on various categories.