Bank of India Credit Card Eligibility – Complete Guide & Requirements

Key Insights 

• The applicant must be a resident or an NRI, or a person of foreign origin living in India on business, have a clean credit history, and have completed KYC to be eligible for a card from the Bank of India. 
   
• BOI expects income documentation requirements and a consistent income, which can be confirmed by an ITR. The bank policy states that the customer must have a verifiable regular income. 
   
• The minimum age requirement is 18 years or older. Minors are not eligible for most of the cards. 

My cousin, Sejal, wishes to apply for a Bank of India credit card for her travel and shopping. She wants to learn about the eligibility criteria and the list of required documents Bank of India uses to check a person’s Bank of India credit card eligibility. 

This blog explains to readers like Sejal how to be eligible for a Bank of India credit card. 

What are the Bank of India Credit Card Eligibility Parameters?

Bank of India follows clear and structured parameters for every applicant. Check every parameter carefully.  Here’s the list of all the parameters and their eligibility criteria. 
 

Sejak went through all the parameters and checked every document required to get a Bank of India credit card. 

Bank of India Credit Card Eligibility for Salaried & Self-Employed Individuals

Bank of India has different eligibility requirements for the salaried and self-employed individuals. Here is the clear distinction between the eligibility criteria of the two: 
 

Sejal checks the Bank of India credit card eligibility requirements of the salaried individual as she draws a monthly salary from her company. 

Bank of India Credit Card Eligibility for Popular Cards

You can check the eligibility under the Bank of India Credit Card eligibility section of each credit card variant on the Bank of India credit card page. Here are 3 popular credit cards and their eligibility: 
 

Sejal can now choose a card that best fits her professional and financial profile by looking at all the credit cards’ eligibility. 

Bonus Tip: BOI's RuPay credit cards provide up to ₹2,00,000 in personal accident insurance and ₹50,000 in professional damages coverage. These benefits are automatically included with qualifying cards. Check the Bank of India Credit Card website for more.

Tips to Improve Bank of India Credit Card Eligibility

Sejal wants her credit card to be accepted right away. She must improve her Bank of India credit card eligibility by following a few easy steps:

• Keep your credit score above 750.
   
• Pay off every debt that is unpaid on time.
   
• Use your business or salary records to prove your consistent income.
   
• Maintain up-to-date income and KYC records.
   
• Apply for a credit card that corresponds to your income.

You can improve your chances of being approved quickly and easily by taking these simple steps.

Conclusion 

Your chances of being approved are increased if you meet the Bank of India credit card eligibility requirements, which include being of legal age, having a stable income, and having a clean credit history.

Go to the official Bank of India Credit Card website to verify your Bank of India Credit Card eligibility and begin the application process right now.

FAQs on Bank of India Credit Card Eligibility

Q1. Can self-employed individuals apply for a BOI credit card?

Yes. Self-employed applicants can apply if they can show stable business income and meet the minimum age and documentation requirements.

Q2. Does my salary amount affect my Bank of India credit card eligibility?

Yes. BOI considers your monthly income to decide if you qualify and to determine your credit limit. Higher and stable income increases your approval chances.

Q3. Is there a maximum age limit for applying?

No upper age limit has been publicly stated by BOI. Only people under 18 are ineligible.

Q4. Can students apply for a BOI credit card?

No. Students without income do not qualify for BOI since it requires a verifiable source of income, unless they obtain an add-on card under a parent's account.

Q5. Can I get a BOI credit card if I have an existing loan with the bank?
Yes. You can still apply, provided your loan repayment history is good.
 

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.