In today’s dynamic financial landscape, access to credit cards is not limited to individuals with traditional income sources. Homemakers, despite not having a conventional salary, can also avail of credit cards tailored to their needs.
Here, we explore various credit card options suitable for homemakers, ensuring financial independence and convenience.
Exploring Credit Card Options
IDFC First WOW Credit Card
Applicant needs to be 18 years of age or above and must qualify as an Indian resident. Applicants must hold a Fixed Deposit account in cumulative, re-invest, and auto-renew mode. Get your FIRST WOW Credit Card today with minimum deposit of ₹5,000.
Flipkart Axis and Amazon Pay ICICI Cards
Consider applying for the Flipkart Axis or Amazon Pay ICICI cards if you frequently shop on these platforms. These cards require minimal documentation and offer exclusive benefits for online shoppers.
Kotak Myntra Card
The Kotak Myntra card provides attractive rewards and discounts on Myntra purchases. With simplified application processes, this card is accessible to individuals without traditional income proofs.
Other Co-Branded Credit Cards
After establishing a credit history through pay later or gold loan, applying for co-branded cards such as Flipkart, Amazon Pay, Kotak Myntra, Paytm, Tata Neu, or SBI becomes more feasible.
Maintaining Savings Account
Premium Account Benefits
Maintaining premium savings accounts with banks like HDFC, Axis, or Kotak often leads to pre-approved credit card offers. By actively transacting through these accounts, homemakers can enhance their eligibility for credit cards without income documents.
Pre-Approved Offers from ICICI
ICICI Bank frequently extends pre-approved credit card offers to customers with substantial savings or fixed deposits. Homemakers can capitalise on these offers by maintaining healthy balances in their accounts, thereby securing credit cards with favourable terms and conditions. Even 15 to 20k is sufficient for preapproved Card from ICICI.
Q&A Section
Q1: Can homemakers apply for credit cards without income proofs?
Yes, several credit card options cater to individuals without conventional income sources, offering simplified application processes and tailored benefits.
Q2: How can homemakers improve their chances of credit card approval?
Building a credit history through basic credit cards and maintaining healthy banking relationships can significantly enhance eligibility for credit cards.
Q3: Are pre-approved offers beneficial for homemakers?
Pre-approved offers, often extended to customers with active banking relationships, provide an expedited route to obtaining credit cards without extensive documentation.