Finding a credit card without salary slip in India can be difficult, but not impossible, if you navigate the available options. However, in India, most of the banks require a salary slip or income proof to issue a credit card. However, there are several individuals, such as freelancers, self-employed, or small business owners, who may not have a formal salary slip. If you are also one of them, you might think getting a credit card is impossible, but that’s not true.
Nowadays, several banks and financial institutions offer credit cards without asking for your salary slip. This simple but effective way makes it easier for everyone to enjoy the benefits of a credit card. In the coming article, we will discuss in detail how you can get a credit card without salary or income proof. Therefore, stay with us to grab the best deal for you.
What is a Credit Card Without Salary Slip?
A credit card without income proof or salary slip is a type of card that doesn’t require you to submit a salary slip for approval. Unlike traditional credit cards that ask for formal income proof, bank statements, or IT returns, these cards allow users to apply using alternative documents.
These cards are considered useful for –
- Freelancers individuals.
- The self-employed individuals.
- Small business owners.
- Students and homemakers.
Banks are aiming to provide financial access to a larger population by giving flexible documentation options.
Types of Cards without a salary slip in India
Below, we have listed types of credit cards without salary slip for you. Please have a look at it.
- Secured Credit Cards – The secured credit cards are backed by a fixed deposit (FD), and the FD acts like collateral; banks don’t ask for a salary slip or bank statement to issue a credit card.
- Key Features
- A secured credit card requires a security deposit, usually equal to the credit limit.
- It helps to build and improve your credit score.
- Consider an ideal choice for first-time users.
- Prepaid and Semi-Prepaid Cards – While it is technically not a traditional credit card, some prepaid cards offer limited credit features. Apart from this, semi-prepaid cards may provide small credit limits without stiff documentation.
- Card Based on IT Returns – If you are a self-employed individual, banks approve a credit card based on income tax returns. Here, banks don’t require your salary slips.
- Business Credit Card – However, as a small business owner, if you are looking for a credit card without a salary slip, you can apply for the card using your business financial statements, GST returns, or bank statements. These documents show your regular business income.
These were some of the types of Cards that you can get without a salary slip.
Top Credit Cards Without a Salary Slip in India
We have listed some of the top available credit cards for you without salary slips :
The SBI card unnati is a secured credit card offered by the State Bank of India (SBI). Instead of relying of your salary slip or credit history, the card is backed by a fixed deposit you placed with the bank.
- Features
- No Fee (Initially) – The card comes with no joining and annual fee for the first 4 years.
- Rewards Points – User received rewards points for every 100 rupees spent. Also, one can redeem these reward points via the SBI rewards catalogue.
- Milestone Cashback Reward – If your total card spend in a single year reaches 50,000 rupees, you receive 500 rupees cashback within 15 days.
- Fuel Surcharge Waiver – The card offers 1% surcharge waiver on fuel transactions between 500 rupees and 3000 rupees.
- Wide Acceptance – The card is accepted anywhere in India and globally.
- Contactless or Tap-to-pay – The card supports contactless technology, allowing you to pay rather than swipe.
- Add-on Cards Allowed – With this card, you can request an add-on card for your family members who are above 18 years.
- Pros
- Easy Approval – The Card comes with easy approval, even without a credit history or income proof.
- No Joining Fee – There is no cost burden for 4 years. This gives you a better chance to build a credit history.
- Help to Build Credit History – By using the card responsibly and paying dues on time, one can build their credit history or improve their bad credit.
- Low Maintenance – The maintenance becomes easy due to its zero fee and basic features.
- Cons
- Low Rewards Rate – The card only offers 1 point per 100 rupees spent. This is modest in comparison to other credit cards that offer higher cashback.
- No Premium Perks – There are no benefits like lounge access, travel insurance, or airport perks. For premium feature seekers, this may not fit well.
- Limited Credit Limit – As it is backed by FD, the limit is typically a fraction of the deposit. Not ideal for big spenders.
- Best For
- People with no credit history, like students, first-time borrowers, and young professionals.
- Individuals with irregular or minimum income.
- Ideal for people or individuals who are looking to build a credit history.
- Best for people who are looking for a basic, low-cost credit facility for their everyday expenses.
Kotak811 DreamDifferent Credit Card is a secured credit card backed by a fixed deposit (FD). The card doesn’t require any salary slip or income proof for approval, which makes it suitable for users without a stable income. Also, it requires a low minimum FD amount and comes with lifetime free usage. The card comes with basic rewards and is considered ideal for freelancers, self-employed individuals, and students.
- Features
- No Salary Slip Required For Approval – The card doesn’t require a salary slip as it is an FD-based secured credit card.
- Lifetime free card -This is a lifetime free card considered ideal for students and new earners.
- Earn Rewards on Daily Spending – The card offers rewards on your daily spending. It offers 2 reward points per 100 rupees spent online. Apart from this, offline and other spends earn 1 reward point per 100 rupees spent.
- Low FD Amount – The minimum FD amount is generally low (Rs 1o,ooo – Rs 12,ooo range depending on bank policy).
- Pros
- Easy approval without needing any income proof.
- Comes with no annual fee.
- Considered ideal for first-time users
- FD helps to earn interest and remains yours.
- Help to improve your credit score by using it responsibly.
- Cons
- Your credit limit depends on the FD amount.
- Offer fewer premium rewards compared to an unsecured credit card.
- It requires FD to remain locked till you use the card responsibly.
- Best For
- The card is considered ideal for students, freelancers, or new earners.
- Ideal for people without salary slips.
- Good for individuals trying to build or rebuild their credit score.
- Good for people looking for a safe and low-risk credit card option.
It is a basic secured credit card issued by ICICI Bank. The card comes with no joining fee and no annual fee. It is best for people who want a simple, low-cost entry credit card.
- Features
- The card comes with no joining fee.
- Offer 2 rewards points for every 100 rupees spent on retail transactions.
- At selected petrol pumps like HPCL, you can get 1% waiver on fuel transactions.
- Offer a discount at a partner restaurant of up to 15% on dining.
- Offer contactless or chip-enabled payments.
- Pros
- The card comes at a very low cost (essentially free).
- Get rewards for every purchase.
- Get a fuel surcharge waiver.
- Provide dining and occasional offers.
- The offer provides secure payment options and is widely accepted.
- Cons
- The card has low rewards value
- Offer no premium perks.
- A fuel waiver is only available at limited petrol pumps.
- Interest and fees apply if you carry a balance.
- Best For
- Best for individuals who are new to credit cards.
- Good for people who want a no-cost, simple credit card.
- Ideal for anyone who is looking for a backup or starter card.
- Axis Bank Insta Credit Card
Axis Bank credit card is a secured credit card issued by Axis Bank. Means you provide an FD as collateral, instead of needing your credit history or income. It’s mainly aimed at people who are new to credit cards or don’t have strong credit.
- Features
- Easy to approve if you have an FD.
- The credit limit is flexible and can reach up to 80% of your FD principal.
- Comes with low or no joining fees. For many versions, there is no annual fee.
- Offers 6 reward points for domestic translation for every 200 rupees. Provide 12 points for international transactions per rupee.
- The card allows cash withdrawal, and you can withdraw up to your credit limit.
- Pros
- Offer accessibility even with no or poor credit history.
- The card has low or no fees for some versions.
- It is considered ideal for everyday expenses.
- Help to build a credit history.
- Cons
- It requires a fixed deposit.
- The card’s rewards rate is modest.
- The perks are basic.
- Interest or charges may apply if you carry a balance.
- The credit limit depends on the FD.
- Best For
- Ideal for the first-time credit card user.
- Good for people looking for a low-cost, low-risk credit card for their daily expenses.
- Good for people who can lock some money in an FD.
- Best for individuals who want to build a credit score from the start.
Eligibility Criteria for a Credit Card without salary slip
Before applying for a credit card, there are some criteria that you need to complete, like –
- Age: your age should be between 21 – 65 years.
- Income: The minimum annual income may vary o nth bank, often verified through bank statements, ITR, or FD.
- Credit Score: The minimum CIBIL score of 650 – 700 is required for the unsecured cards. Apart from this, secured cards may have lower requirements.
- Documents Required: Some important documents are required to qualify for the card. Like PAN card, Adhar card, Bank Statement, Business proof, and FD receipt.
To get a credit card without a salary slip, you need to fulfill these criteria.
How To Apply For a Card without Salary Slip in India
Below, we have listed some steps that will help you to apply. Please have a look at it.
- Check Eligibility – Before applying, evaluate your credit score and gather alternative income proof like bank statements, ITR, or FD documents.
- Choose the Right Card – It is important to choose the right card to get the best deal. First, decide whether you are looking for a secured card or an unsecured card.
- Submit Required Documents – The Bank can ask for some documents:
- Pan Card
- Adhar card
- Passport/ Driving License
- Bank Statement for the last six months
- FD receipt
- ITR/Bank Statement for self-employed.
- Fill the Form – You can fill out the application form on the official website online or fill it out offline at the branch.
- Approval and Card Dispatch – Once your application is accepted and verified, it will take 7 to 15 days to dispatch your card after approval.
Advantages of a Credit Card without Salary Slip
- Easier Access – You don’t require a formal salary proof.
- Credit Building – Help individuals with a poor credit history who are irregular with income.
- Flexible Eligibility – The card is considered ideal for freelancers, self-employed, and students.
- Convenience – One can apply for a card without visiting a branch online.
Tips to Get Your Credit Card Approved Quickly
To approve your credit card quickly, we have mentioned some of the best points for you below –
- Maintain a Good Credit Score – Always try to keep your CIBIL score more than 700. It increases your chances of approval.
- Provide Alternative Income Proof – Provide alternative documents like ITRs, Bank statements, and FD receipts.
- Opt for secured Cards – If unsecured cards are rejected, go for a secured card.
- Limit Multiple Applications – Remember, frequent applications can affect your credit score negatively.
- Use existing Banking Relationship – If you already have a savings account with the bank, use the relationship to elevate your approval chances.
Following these tips may help you get your application in quickly.
Conclusion
Obtaining a credit card without a salary slip in India is no longer difficult if you choose the right options. Whether you are a small business owner, a freelancer, or a student. Without a salary slip, banks offer several options, like secured credit cards and ITR-based approval.
Moreover, if you maintain a good credit score and choose the right credit card, you can enjoy all the benefits of a credit card, including cashless payments, reward points, and credit history building.
Disclaimer :
The information provided on this website is for general educational and informational purposes only. Financial products such as credit cards, loans, and insurance policies may change over time, including their eligibility criteria, fees, interest rates, benefits, and terms. We do not guarantee the accuracy, completeness, or current validity of any information mentioned.
Users are strongly advised to verify details directly from the official bank, lender, or insurance provider before applying for any financial product. We do not provide financial advice, recommendations, or endorsements. Any action you take based on the information on this website is strictly at your own risk.
Hi, my name is Sachin. I am currently studying Economics in college and have a strong interest in personal finance topics like credit cards and loans. Along with my studies, I work as a content writer, where I create educational and easy-to-understand content to help readers better understand financial topics and make informed choices.
