Credit card for Self-Employed

[RITIK Jain]

Hello, almost every financial institution rejects the application of a self-employed person who comes under 0 tax bracket. Now, this kind of person should apply for any credit card or not?
If this person should apply, then which credit card would be better for him as a secondary credit card when he's using a FD-backed credit card currently?

 

[krishna1718]

R u ready to manage the credit card? If you not ready to maintain and repay in time don't use. If you ok with AMC and financial discipline you can go with best cc to your needs
1) online - SBI cashback
2) Utilities and Online food - Airtel Axis
3) Fuel - SBI BPCL/ BPCL octane
4) UPI and offline - Tata Neu plus or Tata Neu Infinity

 

[RITIK Jain]

R u ready to manage the credit card? If you not ready to maintain and repay in time don't use. If you ok with AMC and financial discipline you can go with best cc to your needs
1) online - SBI cashback
2) Utilities and Online food - Airtel Axis
3) Fuel - SBI BPCL/ BPCL octane
4) UPI and offline - Tata Neu plus or Tata Neu Infinity

Not a single bank, as you mentioned, is issuing these cards to a self-employed person.

 

[krishna1718]

Not a single bank, as you mentioned, is issuing these cards to a self-employed person.

I am self employed I had sbi cashback and airtel axis, previous closed sbi bpcl,tata neu also. All came without documents

 

[santoshraut]

No problem, self employed can get these cards, i have all these cards

 

[sherin.real1]

No problem, self employed can get these cards, i have all these cards

What details/documents do they ask for from self-employed professionals for SBI CB cc? And what are the process and criteria for a self-employed professional?

 

[santoshraut]

Income proof (ITR) and KYC Documents...

 

[sherin.real1]

Income proof (ITR) and KYC Documents...

Thank you. And did they specify any Annual income amt?

 

[Skylar]

Hello, almost every financial institution rejects the application of a self-employed person who comes under 0 tax bracket. Now, this kind of person should apply for any credit card or not?
If this person should apply, then which credit card would be better for him as a secondary credit card when he's using a FD-backed credit card currently?

As a self-employed individual not falling under the tax bracket, I hold 15 cards.
Most banks do not conduct office verification; however, AU Bank and Kotak Mahindra Bank carried out office verifications in my location.
ICICI Bank, HDFC Bank, and Axis Bank conducted KYC and biometric verifications.
YES Bank and IDFC First Bank, on the other hand, did not perform KYC, approved the card instantly.

 

[krishna1718]

What details/documents do they ask for from self-employed professionals for SBI CB cc? And what are the process and criteria for a self-employed professional?

Bank statment with good transactions apply through sprint if card of 499 Amc you just keep income as 3-5L and cibil 750+ higher cards you must need existing relationship with sbi so try low variant cards use it for 1 to 2 years build cibil 770+ and try to get higher variant then close your low variant if not try to get fd based sbi card