Best Credit Cards for People with Low Income in India

Best Credit Cards for People with Low Income in India

Indian consumers have massively included cashless transactions into their daily lives within the past couple of years. More and more people are on the lookout for the Best Credit Cards in India these days. While a large number of Credit Cards cater to the high-income category and primarily offer benefits on lifestyle expenses, there is no dearth of Credit Cards for individuals with modest income-base, and the following list stands as a testimony to this fact.

1. SimplyCLICK Credit Card – by SBI Card

The SBI SimplyCLICK Visa & Master Card comes as a boon to new age consumers, who heavily depend on online payments for their transactions. This is easily one of the best SBI Credit Cards in India, especially with respect to online shopping, purchase of movie tickets and paying for other lifestyle expenses.


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Some of the crucial aspects of SimplyCLICK SBI Card are:

Eligibility – The applicant must be salaried or self-employed, between 21-70 years of age, and should have a stable credit history. An annual salary of Rs. 3,00,000 or more is a must to be eligible for this card.

Annual Fee – Rs. 499; The renewal fee, also of Rs. 499, is reversed if the annual spends for the last year exceed Rs. 1,00,000.

Welcome Gift –This SBI Credit Card comes with a voucher worth Rs. 500 from

Reward Points – 10 points for all online spends with exclusive partners.

You can avail  the offer with Amazon, BookMyShow, Cleartrip, FoodPanda, Lenskart, OLA and ZoomCar.

More Benefits:

  • Up to 5x Reward Points on online shopping
  • 2.5%
  • waiver of fuel surcharge, on each transaction between Rs. 500 and Rs. 3,000

  • Get e-voucher worth Rs.
  •  2,000 on annual online spends of Rs. 1 Lakh and Rs. 2 Lakh.
  • Fee reversal for coming year if the annual spend exceeds Rs. 1 Lakh in a year.

Interest Rate – An interest rate of 40.2% is charged on the balances on this card.

2. Platinum Chip Credit Card – ICICI Bank

Eligibility – This card is designed for individuals with a net annual income of Rs. 2.5 Lakh or more.

Annual Fee –There is no joining or renewal fee on this card.

Reward Points:

Additional Benefits:

  • 1% fuel surcharge waiver on fuel transactions of up to Rs. 4,000 at HPCL pumps.

  • 15% saving on dining at over 2,500 participating restaurants, in select cities

Interest Rate – You must remember that balances on this card attract an APR of 40.80% per annum.

3. MoneyBack Credit Card – by HDFC Bank

Eligibility – To be eligible for this card, a salaried individual must be between the age of 21 and 60 years, while a self-employed individual must be between the age of 21 and 65 years.

Annual Fee – The annual membership fee for the MoneyBack Credit Card is Rs. 500. The renewal fee is also Rs. 500.

Welcome Gift –The card comes with 500 Reward Points at the time of issuance, and offers a renewal benefit of 500 Reward Points.

Reward Points:

    • 2 Reward Points on every Rs. 150 spent.
    • 2X Reward Points on online shopping

Facility to redeem Reward Points for Cashback (100 Points = Rs. 20)

Additional Benefits:

  • Waiver on Fuel Surcharge
  • E-Voucher worth Rs. 500 on spending Rs. 50,000 in a quarter
  • On a minimum of 4 transactions on a quarter – Free Accidental Death Insurance (up to Rs. 50 lakhs), and Free Fire and Burglary Protection for 6 months ( on goods above Rs.5,000)

Interest Rate – The balances on this card attract an APR of 41.88% per annum.

4. Prosperity Reward Plus Credit Card – YES Bank

Eligibility – Any salaried or self-employed individual between the age of 21 and 60 years, with a net monthly salary of Rs. 25,000 on an ITR of Rs. 5 Lakh or above are eligible to apply for YES Bank Prosperity Reward Plus Credit Card.

This Personal Credit Card can also be obtained against a Fixed Deposit.

Annual Fee –The fee for the first year of membership is Rs. 350, which is waived on spends worth Rs. 7,500 or more, while the renewal fee of Rs. 350 is waived if the annual spend prior to renewal exceeds Rs. 25,000.

Welcome Gift –1250 Reward Points on spends of Rs. 5,000 within the first 30 days of card set-up date

 Reward Points:

  • 5 Reward Points on every Rs. 100 Retail Spends done on your Birthday

  • 4 Reward Points on every Rs. 100 International Spends (POS &ECOM)

  • 3 Reward Points on every Rs. 100 Online and Dining Spends

  • 2 Reward Points on every Rs. 100 on all other Retail Spends
  • 100 Reward Points on a total of 4 transactions worth Rs. 500 or above within statement cycle

Additional Benefits:

  • 12,000 Bonus Reward Points on spends of Rs. 3.6 Lakhs or more, in the anniversary year

  • Credit Shield cover in case of accidental death of Primary Card Holder

  • Fuel surcharge waiver for transactions between Rs. 400 and Rs. 5,000

Interest Rate – The balances on this card attract an annual interest rate of 35.88% for cardholders with salary accounts in YES Bank and 38.64% for non-account holders.

5. Bharat CashBack Credit Card­ – HDFC Bank

Eligibility –A salaried individual, between 21 and 60 years of age, with a monthly income of Rs 12,000 or more is eligible for this card. For a self-employed individual, the ITR should be Rs. 2 lakh per annum or more in order to be eligible for this card. The age requirement for self-employed applicants is relaxed to a maximum of 65 years in this case.

Annual Fee –The annual fee for the card is Rs. 500 + taxes. On spends of Rs. 50,000 or more in a given year, the renewal fee is waived off by the bank.


  • 5% monthly CashBack on Fuel, Groceries, Mobile Recharge & Bill Payment along with purchases from IRCTC

  • 5% CashBack on EasyEMI, SmartBUY,andPayZapp spends

Additional Benefits:

Interest Rate – An APR of 41.88% is applicable on balances on this card.

We hope that you now have a fair idea of the numerous Credit Cards that you can pick from, and enjoy the benefits of, even with a modest income. Now, that’s what we call convenience at its best!


Also Read: 10 Best Rewards & Cashback Credit Cards for 2019 in India


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