AU Bank credit cards come with specific eligibility criteria that applicants must meet to qualify. The bank uses these criteria to check if the applicant has financial stability and is eligible to repay the debt. To apply for an AU Bank credit card, the applicant must be between 21 and 60 years old and the addon credit card applicant must be 18 or more years old. Both salaried and self-employed individuals can apply but they should be residents of India. Apart from these basic eligibility criteria, there are also various other factors that can affect your credit card eligibility. A good credit score of more than 700 can enhance your chances of approval. Some credit cards are only available for specific regions which can also affect your eligibility.
AU offers various credit cards which have specific eligibility criteria. So you should check it carefully before applying for the particular credit card. Which can enhance your chances of approval and makes your credit card application much more flawless.
General Eligibility Criteria
- Age: Primary cardholders must be between 21 to 60 years. Add-on cardholders must be at least 18 years old.
- Employment Status: Both salaried and self-employed individuals can apply.
- Income: The applicants should have a stable and regular income.
- Residency: The applicant must be a resident of India.
Required Documents:
- Proof of Identity: Documents such as PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License.
- Proof of Address: Utility bills (not older than 3 months), Aadhaar Card, Passport, or any other government-approved address proof.
- Proof of Income: Recent salary slips, bank statements for the last three months, Form 16, or audited financials for self-employed individuals.
Factors Influencing Eligibility
- Age: Applicants should be between 21 and 60 years old. Add-on cardholders must be at least 18 years old.
- Income: The applicant needs to have a stable income which shows his ability to repay the credit card debt.
- Employment Status: ABoth salaried and self-employed individuals can apply, but a stable employment history may improve approval chances.
- Credit Score: A good credit score of 700 or more can enhance your chances of approval.
- Existing Debt: High levels of existing debt or multiple loans on your name can also lower your chances of eligibility.
- Credit Utilization Ratio: Maintaining a good credit utilization ratio of your existing credit cards shows responsible credit management and can also enhance your chances of approval.
- Location: Few AU credit cards or credit cards by other providers are exclusively available for a specific area. So you should keep your address in mind to before applying for a particular credit card.
