EarlySalary Salary Card Review In 2022

EarlySalary Salary Card Review

Salary Cards, a new credit line product in the form of a credit card created for salaried professionals, was launched by EarlySalary in collaboration with DCB Bank. Eligible individuals can apply for the card through the EarlySalary smartphone app. Employees can use their Salary Card to get fast credit for shopping, emergency medical bills, travel and entertainment, children’s education, and electronics purchases.

EarlySalary Personal Loans can be applied for online and offer rapid disbursement of up to Rs 5,00,000 with low paperwork and quick processing. Here is our review of the Early Salary Card Review, where we delve deep into the pros, cons, rewards, cashback, and more. We attempt to answer the question of whether you should get one for yourself or not? Here you can also check Citi PremierMiles Credit Card (benefits & review) & American Express Platinum Travel credit card (review)

Fees and Charges

Processing Fee2% of the loan amount
Annual FeeNil
Interest rate18.00% per annum (can vary depending on profile)

Pros & Cons

  • Loan amount: The loan amount of an EarlySalary Personal Loan starts at Rs 50,000 and can go up to Rs 5,00,000 if you match the qualifying conditions.
  • Digital method: The application for an EarlySalary Personal Loan is entirely digital and requires minimal documents.
  • Flexible repayment period: You can repay your EarlySalary Personal Loan over up to 60 months.
  • Pay only for what you use: You will only have to pay interest on the amount you use for the number of days at EarlySalary.
  • Zero prepayment charge: If you default on your EarlySalary personal loan, there are no fees.
  • All ATM transactions will be prohibited, and the card can only be used for domestic transactions.
  • The minimum transaction is Rs 3,000.
  • Interest begins to accrue on the day the transaction is completed.

Rewards & Cashback

  • For each transaction, there are EMI alternatives available.
  • Prepay whenever you want at no extra cost, and just pay interest on the money you spend.
  • After the tenure finishes, the credit limit is automatically renewed for another three years.
  • Shop on Amazon and take advantage of no-interest EMIs.

Who Should get an EarlySalary Salary Card?

Salary Card is just a few clicks away. You receive various tenure options, shop on EMIs, and you can save up to Rs 12000 easily in a year. You get EarlySalary’s app-based zero-touch application procedure, fast processing, and smart capabilities like dynamic tenure, all for ZERO subscription fees, ZERO yearly charges, and ZERO renewal fees.

Eligibility Criteria

1. Age

  • You must be at least 21 years old to apply for the EarlySalary Salary Card.

2. Location

  • You must be an Indian citizen and live at one of the serviceable pin codes by EarlySalary.

3. Income Proofs

  • You must be a salaried employee.
  • If you live in a metro city, you should have a minimum monthly income of Rs 30,000, and if you live in a non-metro city, you should have a minimum monthly income of Rs 25,000.

4. Documents Required

  • Duly filled application form with passport-sized photographs
  • PAN Card
  • Rent agreement and the landlord’s energy bill, landline/mobile postpaid bill, gas bill, and water bill (not 3 months old)
  • Documents proving your identity: PAN Card, Aadhaar Card, Driver’s License, Passport, and Voter ID Card are needed.
  • Income proof: Last 3 months’ salary slips/Bank statement
  • Any other document required by the lender

Rating & Reviews

  • Cashback and Rewards: 3/5 Finding a good credit card with a rewards program is no more an issue. Because credit cards generate larger profits for banks, they offer tempting benefits to entice people to use their cards more frequently. With all its other advantages, the EarlySalary Salary Card can help you save up to Rs 12,000 on shopping, travel, education, and other expenses.
  • Credit limit: 3.5/5 It has a larger spending allowance for categories like medical expenditures, education, and so on, but a lower limit for non-essentials like shopping, vacation, and so on. The lifestyle spending cap is 50% of earnings while the education expenditure cap is 200 percent. With the option to establish dynamic restrictions, the maximum limit can be about equivalent to your monthly salary. This feature allows you to use this card to spend double what you make monthly.
  • Eligibility: 2.5/5 Within hours, you can get approved for the Salary Card without any paperwork or fuss. On the other hand, obtaining a credit card and completing other documentation takes at least 14 days. However, the fact that only salaried employees are eligible for this card and the minimum requirement for a person coming from a non-metro city (rural) is high, it is not widely accessible.
  • Overall: 3/5 Everything else is fine, but a crucial point to note is that a lot of customers were not satisfied with either the services, incomplete information, or unintroduced changes in the policies of the EarlySalary Salary Card credit card during the times of the pandemic. That said, customer support response has been satisfactory and you can count on Salary Card to be the flexible personal loan-cum-credit card for your big purchases. Source: Early Salary


There is no one-size-fits-all solution when it comes to getting a credit card. The only thing that matters is the why, what, and when of the need you desire to be met. In case you want a personal loan with the flexibility of a credit card and a dynamic tenure, the EarlySalary Salary Card might be your best bet. Although if you want ATM cash withdrawals as a feature, you are probably better off with a regular credit card from one of the umpteen issuing banks or fintech companies. A credit card may, however, be difficult to obtain if you have a low credit score.


How do I get a physical EarlySalary card?

To get yourself a physical EarlySalary card, please follow these steps.
1. Open the EarlySalary app
2. Click on the SalaryCard tab
3. Fill out all required personal and professional information
4. Once approved, the card should reach you in a few days

What is the EarlySalary card?

The EarlySalary card is a new-age credit line that works through a physical plastic card. It allows you to make payments at POS machines, online portals, and withdraw money from an ATM using your existing credit line with the EarlySalary app. The card has zero joining fees, zero annual fees, and zero subscription charges.

How to withdraw money from EarlySalary card?

Currently, you cannot withdraw money from an ATM using your EarlySalary card. That is because this is not a credit card, but rather a credit line.

What is the cash limit in the EarlySalary card?

The credit limit on your EarlySalary card will be roughly equivalent to your monthly salary.

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