Is it easier to get a Standard Chartered credit card in India, or is the approval process simpler in other countries like Singapore, UAE, or the UK? What factors make it easier or harder?
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Indian residents who maintain regular income and possess a CIBIL score exceeding 750 can easily obtain a SC credit card. To obtain basic cards you need to earn at least ₹25,000 per month.
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The annual salary requirement to obtain an SC card is- Singapore reaches ₹18L while UAE offers ₹1.8L per month as salary. The approval process becomes quick when you fulfill all necessary requirements.
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Newcomers in the UK face challenges obtaining credit because the system performs credit checks and places significant importance on credit history.
Getting a Standard Chartered credit card is generally easier in India compared to countries like Singapore, UAE, or the UK. In India, approval is more accessible due to a broader customer base and less strict income and credit score requirements for entry-level cards.
Abroad, especially in places like Singapore or the UK, banks have stricter regulations and often require higher income thresholds, local credit history, and in some cases, residency proof or work permits. If you’re new to that country, it can be tough without an established financial profile.
In India, if you have a stable income, a credit score above 700, and basic documents, you’re likely to get approved for at least one of their cards. Higher-end cards still need stronger profiles, but the entry-level ones are relatively easy to get.