Eligibility Criteria : A Guide for First-Time Credit in Pakistan
Who is Eligible for a Credit Card in Pakistan? Introduction: Credit cards have become an integral part of our financial lives offering convenience and flexibility in managing expenses. In Pakistan the availability and usage of credit cards have seen significant growth in recent years. However it's important to understand who is eligible for a credit card in Pakistan and the requirements involved. In this article we will explore the eligibility criteria for obtaining a credit card in Pakistan. Age Requirement: To be eligible for a credit card in Pakistan you must be at least 21 years old. Some banks may have a higher age requirement typically around 25 years depending on their policies. This ensures that applicants have reached a legal age and possess the necessary maturity to handle credit responsibly. Income Criteria: Banks and financial institutions require a steady and verifiable source of income from credit card applicants. The minimum income requi...