Eligibility Criteria For Your YES Bank Credit Card

Credit card is a very important financial tool in today's world. There are a variety of credit cards available in the market. All of them have somewhat different eligibility criteria. So you should understand eligibility criteria carefully before applying. Meeting the eligibility criteria can greatly enhance your chances of approval.

General Eligibility Criteria

• Age: To apply for Yes Bank Credit Card the applicants should be between 21 and 60 years old.
• Employment Status: It is available for both salaried and self-employed individuals.
• Income: To apply for the Yes Bank Credit card the applicant needs to have a stable source of income. The minimum income criteria might vary for different cards. For some cards, the bank might require you to have a minimum monthly income of ₹25,000 for salaried individuals and ₹41,666 for self-employed individuals.

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

• Credit Score: A good credit score of 750 or more can enhance your chances of approval. A higher credit score shows your creditworthiness and reduces the risk to the lender.
• Debt: If you have a high debt then it might impact your debt-to-income ratio which would make it hard for you to get a credit card.
• Employment Status: A stable employment history can also enhance your chance of approval.

Key Takeaways

• Financial Profile: Please check for the eligibility criteria such as age, income, and employment before applying for the card you wanna get.
• Credit Score: Carefully check your credit report and address for any discrepancies. If there are any discrepancies then contact the bank or solve them as soon as possible to maintain a healthy score.
• Necessary Documents: Keep the required documents in hand while applying. Because the bank might ask you for some additional documents also based on the card and location.