Financial companies check various eligibility criteria when an individual applies for a credit card, income being one of them. Although applicants with high income get higher preference, financial institutions also provide credit cards for low-income earners.
NBFCs in India provide credit cards to those having an annual income even lower than Rs. 2 lakh per annum.
A high income means that an applicant is more capable of clearing his credit card bills and paying them in due time.
However, companies also give the leverage of possessing a credit card to low-income earners. A low salary credit card may come with a lower credit limit with fewer features and benefits compared to that of others.
The minimum salary for a credit card differs with companies. Hence, you have to compare income criteria offered by various lending companies before applying for a credit card.