Can I apply for a Kotak credit card if I am self-employed?

Credit Cards Kotak
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I’ve been running my own business for a while now, and I’m looking to get a credit card to manage expenses better. Since I’m self-employed and don’t have a fixed salary, I’m not sure if Kotak Bank would approve my application. I do have a steady income, and I’ve been filing my taxes regularly. Can I still get a Kotak Bank credit card?

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Yes, you can apply for a Kotak Bank credit card as a self-employed individual!

Kotak Bank offers several credit cards for self-employed professionals and business owners. However, since you don’t have a fixed monthly salary, the bank will evaluate other factors like your business stability, annual income, and credit score before approving your application.

Here’s what Kotak Bank looks for in self-employed applicants:

:white_check_mark: Age – You should be between 21 and 65 years old.
:white_check_mark: Annual Income – Most Kotak credit cards require a minimum income of ₹3-4 lakh per year, verified through your ITR (Income Tax Returns).
:white_check_mark: Business Stability – Your business should be operational for at least 2-3 years, with consistent earnings.
:white_check_mark: CIBIL Score – A score of 750+ improves approval chances, but some cards (like secured cards) don’t require a high score.

Best Kotak Credit Cards for Self-Employed Individuals:

:credit_card: Kotak Royale Signature Credit Card – Great for travel & lifestyle, but requires a higher income.
:credit_card: Kotak Business Gold Credit Card – Designed for business owners with moderate spending needs.
:credit_card: Kotak 811 #DreamDifferent Credit Card – A secured credit card against a fixed deposit, perfect if you’re new to credit or don’t have a strong CIBIL score yet.

How Can You Apply?

:pushpin: Online: Apply here – Kotak Credit Card Application
:pushpin: Offline: Visit your nearest Kotak Bank branch with:

  • PAN Card & Aadhaar (for ID proof)
  • Business Proof (GST registration, business license, etc.)
  • Latest ITR or Bank Statements (to show income stability)

For more details, you can also call Kotak Customer Care at 1860 266 2666.

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Is the eligibility criteria the same for salaried employees? Which Kotak Mahindra Bank credit cards are best suited for salaried individuals?